The cryptocurrency industry has transitioned from the phase of early adopters to the early majority, according to Binance CEO. And by CEO we mean Richard Teng. Not Changpeng Zhao, the former CEO of Binance, who just has started a four-month prison sentence in Lompoc, California, for not preventing money laundering on the exchange. Speaking with CoinTelegraph, Teng highlighted this pivotal shift. He emphasized that the industry is witnessing growing participation from institutional investors. This change is driven by increasing regulatory clarity and improved infrastructure, he thinks. Teng also noted that the crypto sector has matured substantially. He pointed out the growing number of compliant platforms and products. This maturity is fostering confidence among a broader range of investors, including large financial institutions. The CEO also addressed the challenges still facing the industry. He acknowledged ongoing regulatory hurdles and the need for more robust frameworks. Teng underscored Binance's commitment to working with regulators to ensure a sustainable growth path for the crypto ecosystem. The transition to the early majority phase also means a shift in the industry's dynamics. Teng mentioned the importance of education and awareness. He believes that as more people understand the benefits of digital assets, adoption will continue to rise. Teng's insights come at a time when Binance itself is expanding its global footprint. Despite the recent scandals and legel hurdles, Binance is enhancing its compliance efforts and launching new products tailored to institutional investors. These steps are crucial in attracting the early majority, which requires higher standards of security and transparency.

Binance has achieved a significant milestone. The crypto exchange now boasts 200 million users and $100 billion in assets under custody. This marks a new era for the company. Even despite all kinds of legal hurdles. CEO Changpeng Zhao announced the news on X (formerly Twitter). Zhao emphasized Binance's growth trajectory. He once again wrote about company's commitment to security and compliance. This growth comes despite the ongoing regulatory scrutiny faced by the company worldwide. And Zhao's grim fate, by the way. So Binance has faced challenges, including legal actions and regulatory hurdles. However, Zhao remains optimistic. He reiterated the platform's focus on transparency and its efforts to align with global regulatory standards. These efforts are crucial for maintaining user trust. The exchange has announced several measures to enhance security. It uses advanced technologies and collaborates with global law enforcement agencies. This might have something to do with Zhao prison sentence, obviously. This way or the other, security remains a top priority for Binance, the officials claim. Binance's user base has grown significantly over the years. The platform offers a wide range of services. This includes trading, staking, and other crypto-related activities. The user growth underscores Binance's position as a leading player in the crypto space. The company's assets under custody reaching $100 billion is a testament to its credibility. This figure represents the total value of assets held by Binance on behalf of its users. It reflects user confidence and the platform's ability to manage large volumes of digital assets. This milestone is significant for Binance's financial standing.

Binance, the world's largest cryptocurrency exchange, has resumed its Mastercard crypto payments. This comes after a 10-month suspension. The move signals a significant development in the crypto payments sector. In a way, this is a dream collaboration of two financial giants. You can use your ordinary bank card to make payments with crypto. Binance's collaboration with Mastercard isn't new. The partnership began in 2020, aiming to bridge traditional finance and crypto. The halt began in August 2023, amid regulatory scrutiny. Mastercard had stopped supporting Binance's transactions due to compliance concerns. Now, Binance has addressed these issues, allowing the payments to resume. The recent reinstatement marks a revival of this relationship. It also underscores the growing acceptance of crypto in conventional financial systems. This resumption is expected to boost crypto adoption. Binance's large user base now has more flexibility in managing their digital assets. Mastercard’s involvement adds credibility to crypto transactions, appealing to mainstream users. Regulatory challenges remain a concern for Binance. However, this step shows progress in navigating these hurdles. The company's commitment to compliance appears to be paying off. For users, the return of Mastercard payments enhances convenience. It simplifies the process of converting and spending crypto. This move could drive higher transaction volumes on Binance, benefiting both the exchange and its users. Overall, Binance’s resumption of Mastercard crypto payments after a lengthy hiatus is a positive sign. It reflects the exchange's efforts to comply with regulations and improve user experience. This development could pave the way for further advancements in crypto payment solutions. Binance, founded in 2017 by Changpeng Zhao, is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of services, including spot trading, futures, margin trading, and staking. Known for its extensive selection of digital assets and robust security measures, Binance serves millions of users globally. The exchange has faced regulatory challenges but continues to expand its offerings and improve compliance. Its innovative approach and user-centric platform make it a pivotal player in the crypto industry. Mastercard, established in 1966, is a global financial services corporation headquartered in Purchase, New York. It operates one of the world's largest payment processing networks, facilitating transactions between consumers, businesses, and financial institutions. Known for its reliability and security, Mastercard offers a variety of products, including credit, debit, and prepaid cards. The company has increasingly embraced fintech and digital payments, making strides in integrating blockchain and cryptocurrency solutions. Mastercard's focus on innovation and security positions it as a leader in the evolving financial landscape.

Binance, the global cryptocurrency exchange, is set to enforce significant changes to stablecoin access for European users starting June 30. Unauthorized stablecoins will be restricted. The move aligns with the European Union's new Markets in Crypto-Assets (MiCA) regulations, which mandate that only regulated companies can issue and offer stablecoins to the public. As part of this compliance, Binance will restrict access to "unauthorized" stablecoins. Users will see phased changes across Binance's products, including Binance Convert, Spot Trading, and Wallet services. Unauthorized stablecoins will be unavailable for new transactions, aiming to minimize market disruptions and ensure regulatory adherence. Additionally, the changes impact reward distributions and various Binance services, including Spot Copy Trading, which will cease on June 29 for EEA users. Margin trading will also face restrictions, with new borrowings and transfers of unauthorized stablecoins being blocked. Binance’s ecosystem will undergo further adjustments, affecting services like Launchpad, Launchpool, Simple Earn, and others. The company's native token, BNB, showed a positive market response, trading at $623 with a 4.5% gain. These measures underscore Binance’s commitment to regulatory compliance while adapting to evolving crypto-asset regulations in Europe.

Hackers have exploited a Chrome plugin to steal millions from Binance accounts. A Chinese trader lost $1 million in the scam involving the Aggr plugin, which steals cookies to bypass security measures. The trader, known as CryptoNakamao, discovered the theft after noticing unusual trading activity in his Binance account. The hackers used stolen cookies to hijack sessions and execute leveraged trades, manipulating low liquidity pairs for profit. Despite having 2FA enabled, the trader's funds were not safe due to the session hijacking. Basically, it means that because of the features of cryptocurrency exchange authorisation, it is enough to get hold of the coockies to access funds even if you enabled 2FA. Thus, it is essential not to install unverified browser plugins and extensions to a browser you use for crypto trading. Especially, if significant holdings are involved. CryptoNakamao blames Binance for not implementing risk controls or freezing the hacker's account. He claims Binance knew about the fraudulent plugin but failed to inform users or act promptly. This oversight led to significant losses and abnormal transactions across multiple currency pairs. The incident raises concerns about the security measures in place to protect users from such sophisticated attacks. As investigations continue, affected users are left grappling with the financial impact.