Back in November, after the collapse of FTX, the exchange’s rival, Binance decided to roll out the Industry Recovery Initiative. The initiative planned to provide aid to cryptocurrency projects that were enduring a liquidity crisis post the FTX crash. This fund continues to entail $1 billion worth of Binance USD Coin [BUSD]. More recently, Changpeng […]
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries. Binance Provides Crypto Training to Security Officials in Ukraine The world’s largest digital asset exchange, Binance, has provided […]
A federal US bankruptcy court signed off on Voyager’s long awaited restructuring plan on Tuesday, with Binance.US officially stepping in as the crypto credit company’s expected financial savior. Binance.US has agreed to cough up $1.3 billion in the process, according to multiple reports, in an agreement to acquire Voyager’s assets. The billion dollar-plus payouts, according […]
Binance USD, a stablecoin issued by Paxos that is named as the world’s largest crypto exchange by trading volume, fell to $9.5 billion in market capitalization on Friday, according to data from CoinGecko.This is the first time that BUSD’s distribution has fallen below $10 billion since June 2021. Demand for BUSD has declined rapidly since […]
Binance CEO Changpeng Zhao (CZ) announced the launch of a new Artificial Intelligence (AI)-powered Non-Fungible Token (NFT) platform, called Bicasso, in a Twitter post. He added that the product is still in beta and limited to 10,000 candies. Sharing the launch of Bicasso on Wednesday, Zhao tweeted, “Here’s a fun new Binance AI product called […]
U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) sent a letter to Binance and Binance US on Wednesday, calling for the crypto exchanges to “provide transparency about potentially illegal business practices.” The letter, addressed to Binance CEO Changpeng Zhao (CZ) and BAM Trading Services CEO Brian […]
There are many explanations for the nature and purpose of some of the chain transactions highlighted by Forbes, and they may be wrong. But Binance’s confusing and sometimes contradictory response to the findings does not inspire confidence, especially in the post-FTX era of widespread suspicion of central bankers with balance sheets. Forbes reported this week […]
The emails obtained by CoinDesk shed more light on the ongoing debate over the undisputed rights of WazirX, India’s largest crypto exchange. In November 2019, WazirX’s ownership was undisputed: Binance, the world’s largest crypto exchange, published a blog post saying it had bought the Indian exchange. WazirX executives have already spoken publicly about the acquisition. […]
Binance will allow institutional investors to keep their paid crypto for leveraged positions, off the platform. The change will allow investors to enter into contracts with Binance Custody, which will hold assets on the Internet, in a cold storage wallet, Binance said in a statement on Monday. Once the transaction is closed, the assets will […]
Currently, there are rumors that BONK will soon be traded on the Binance crypto exchange. Due to the success of adding liquidity to the Solana DeFi ecosystem, the Shiba Inu token has been listed on several popular crypto exchanges. In addition to being the best crypto token of the past week, the first community tokenomics […]
