Binance Set to Offer Euro-Crypto Pairs

Avi Rosten

Binance, the world’s biggest cryptocurrency exchange, is set to offer cryptocurrency trading pairs with the Euro.

According to the report in Bloomberg, Binance CEO Zhao Changpeng told the news site that the exchange will offer Euro-crypto trading later in the year from its planned European base in Malta - announced in March.

Although he added that he also intends to add other fiat pairs, the CEO did not provide any specifics regarding the timetable or what the exchange will offer.

Binance is not the first major exchange to push for fiat trading in recent months.

Less than two weeks ago, Bittrex, another leading exchange, announced that it had made banking agreements that will allow BTC-USD trades for some clients - with plans to expand the service to all retail customers.

A move from Binance however, arguably the world’s leading exchange - is nonetheless a significant as the cryptocurrency industry pushes more into the mainstream.

With Binance’s burgeoning profits - recording $150m in the first quarter of this year - it is no surprise that they have planned several new ventures in the blockchain and cryptocurency space.

Recently announcing a $1bn fund for startups under its blockchain incubator wing - Binance Labs, Zhao also said that they are set to receive an exchange license for the island of Jersey in the Channel Islands - with plans to open a 100-person office there.

FBI Arrests Russian Rapper for Crypto Laundering After Flaunting Wealth on Instagram

  • The FBI arrested Russian rapper Maxim Boyko on charges related to cryptocurrency laundering.
  • Authorities say Boyko, who has ties to now-defunct exchange BTC-e, was flaunting "substantial" sums of money on social media.

The Federal Burea of Investigation (FBI) has arrested a Russian rapper in the United States on charges of cryptocurrency laundering. 

According to a report by The Moscow Times, authorities arrested Maxim Boyko, 29, in a Miami condo on Friday. Boyko first came to the US with his wife and January and told customs agents his earnings came from bitcoin investments and rental properties in Russa. Boyko also operated several social media pages promoting himself as a rap artist under the alias Plinoffiical. 

The report claims Boyko’s Instagram page showed him flashing large sums of money, giving authorities a tip-off. 

In a request for an arrest warrant on Mar. 27, an FBI agent wrote, 

[Boyko’s] Instagram social media and Apple iCloud accounts include photographs of him with substantial sums of U.S. and foreign currencies dating back as far as 2015.

Authorities were able to trace the Russian rapper’s iCloud account to now-defunct crypto exchange BTC-e. According to the report, Boyko’s account had received almost $388,000 and withdrawn 136 bitcoin until the exchange was seized by authorities in mid-2017. 

The FBI alleges that Boyko is linked to an organized crime group by the name QQAAZZ which has facilitated the theft of “tens of millions of dollars.”

Boyko faces up to 10 years in prison if convicted. 

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