Ethereum Articles - Binance Blog

Coming Soon: The CR7 NFT Collection

The legend is coming to Binance. <img src="https://public.bnbstatic.com/image/cms/blog/20221114/63533109-a654-43ea-9a25-c10b13ae8da9"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://accounts.binance.com/en/register?ref=RONALDO" customevents="[object Object]">Sign up with referral ID RONALDO!</a>Please be sure to use the referral code for your surpriseThe CR7 NFT collection — available exclusively on <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/nft" customevents="[object Object]">Binance NFT </a>— will be the first of a series of drops featuring the football icon Cristiano Ronaldo. Ronaldo has undoubtedly redefined the game of football as we know it, his legacy — trophies and awards, mind-bending goals, personal and team records — touching every aspect of the sport. Now, the five-time Ballon D’or winner has his eyes set on the NFT arena. Since our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/markets/cristiano-ronaldo-and-binance-team-up-for-a-legendary-nft-partnership-421499824684904050" customevents="[object Object]">initial announcement</a> of the groundbreaking multi-year partnership between Binance and CR7, we’ve been working closely with Ronaldo to craft a first-of-its-kind experience, one that will change the NFT game forever. We know fans have been eagerly awaiting his NFT debut. Starting this week, you’ll get a sneak peek at what we’ve been working on, and more surprises on what’s coming next.  Make sure to follow us on <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://twitter.com/binance" customevents="[object Object]">Twitter</a> for all the latest updates. <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://accounts.binance.com/en/register?ref=RONALDO" customevents="[object Object]">Sign up with referral ID RONALDO!</a>Please be sure to use the referral code for your surpriseRisk Warning: The value of your NFT may go down or up. NFTs are subject to high market risk. Please do your own research. NFTs are not regulated in most countries, however please ensure you are permitted to access our Binance NFT Marketplace based on your circumstances. For further details, see the Binance NFT Terms and Conditions, our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/terms" customevents="[object Object]">Terms of Use</a> and <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/risk-warning" customevents="[object Object]">Risk Warning</a>.

2022-11-15

Binance to Airdrop up to $3 Million in BNB to Users in the Morocco Earthquake Region

<img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20230912/25e4a2d0-3b23-4402-b95f-e97d86fdbf13.jpg" naturalwidth="1600" naturalheight="900" adaptive="true">In response to the devastation caused by the recent earthquake in Morocco, <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.charity/" customevents="[object Object]">Binance Charity</a> will airdrop up to $3 million in BNB to Binance users identified as living in the areas affected by the tragedy. Identification of the users will be based on Proof of Address (POA) completed before September 9, 2023, in Marrakesh-Safi Province, which has suffered the most significant impact. Users who have completed POA before this date in the Marrakesh-Safi Province area will each receive $100 in BNB directly to their Binance accounts.We recognize that many users in the affected area may not have yet completed POA. Therefore, for any existing user who completes POA after September 9, 2023, and before September 30, 2023, we will donate $25 in BNB directly to their Binance account.Furthermore, for our active transacting users across Morocco who are not in the affected area, we will airdrop $10 in BNB to each of them. We expect our efforts to reach around 70,000 Binance users living in Morocco. The funds will be reaching our users starting September 12, 2023.In the aftermath of natural disasters, people often lose access to traditional banking at the exact moment when extra funds are needed to help cover medical supplies, food, and other essential needs.Crypto transfers are now increasingly being used to deliver financial aid to disaster victims as they provide fast, low-cost, borderless, and transparent transactions.Binance founder and CEO CZ said: “The impact of the earthquake on the Moroccan people is devastating. We hope we can bring some support to those affected. For Moroccan users who receive these donations but are unimpacted by the earthquake, we ask them to pass the funds on to those most in need.”Binance Charity has also launched a <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.charity/projects/43/Morocco-Earthquake-Emergency-Appeal" customevents="[object Object]">public donation</a> address for anyone to contribute. We will donate the total crypto amount received on this address to an authorized NGO (to be named soon) to help people in need. Donations to the Emergency Earthquake Appeal will be accepted in BNB, BTC, ETH, USDC, USDT, or BUSD.In these difficult times, Binance stands by our users, and we will continue to work on additional ways to help our community in Morocco.

2023-09-11

CZ’s Response to the CFTC Complaint

<img src="https://public.bnbstatic.com/image/cms/blog/20230327/79047548-6511-4aa8-9dd3-726c18e12872.png"> Today, the CFTC filed an unexpected and disappointing civil complaint, despite our working cooperatively with the CFTC for over two years.Upon an initial review, the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint. While we will only be able to give full responses in due time, we will address a few key points below.Technology for Compliance & US Blocks. Binance.com has developed best-in-class technology to ensure compliance. Binance.com is the first global (non-US) exchange to implement a mandatory KYC program, and remains today to have one of the highest standards in KYC and AML. We block US users by nationality (KYC), IP (including commonly used VPN endpoints outside of the US), mobile carrier, device fingerprints, bank deposit and withdrawals, blockchain deposits and withdrawals, credit card bin numbers, and more.We are aware of no other company using systems more comprehensive or more effective than Binance.Cooperation and Transparency with Law Enforcement. Binance is committed to transparency and cooperation with regulators and law enforcement (LE) — in the US and globally. Binance currently has more than 750 people in our Compliance teams, many with prior law enforcement and regulatory agency backgrounds. To date, we have handled 55,000+ LE requests, and assisted US LE freeze/seize more than $125 million in funds in 2022 alone and $160 million in 2023 so far.We intend to continue to respect and collaborate with US and other regulators around the world.Registrations and Licenses. Binance.com holds the highest number of licenses/registrations globally, 16 and counting, and is well regarded by our user community.Trading. Binance.com does not trade for profit or “manipulate” the market under any circumstances. Binance “trades” in a number of situations. Our revenues are in crypto. We do need to convert them from time-to-time to cover expenses in fiat or other crypto currencies. We have affiliates that provide liquidity for less liquid pairs. These affiliates are monitored specifically not to have large profits.Personally, I have two accounts at Binance: one for Binance Card, one for my crypto holdings. I eat our own dog food and store my crypto on Binance.com. I also need to convert crypto from time-to-time to pay for my personal expenses or for the Card.Binance.com has a 90 day no-day-trading rule for employees, meaning you are not allowed to sell a coin within 90 days of your most recent buy, or vice versa. This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures. Further, we have strict policies for anyone with access to private information, such as details of listings, Launchpad, etc. They are not allowed to buy or sell those coins.I observe these policies myself strictly. I also never participated in Binance Launchpad, Earn, Margin, or Futures. I know the best use of my time is to build a solid platform that services our users.At Binance, we look for amicable solutions to all problems. We are collaborative with regulators and government agencies all around the world. While we are not perfect, we hold ourselves to a high standard, often higher than what existing regulations require. And above all, we believe in doing the right thing by our users at all times. In this journey towards freedom of money, we do not expect everything to be easy. We do not shy away from challenges.We thank you for your unwavering support!CZCEO @Binance

2023-03-27