Changpeng Zhao – CEO of Binance, the world’s largest crypto exchange – has reaffirmed his support for Elon Musk’s plan to buy out Twitter. He also went deep on Binance’s current financial position, explaining that the exchange is more than prepared for the bear market. ‘If He’s Off, We’re Off’ In an interview with Bloomberg...Read More
Korean crypto exchanges Upbit and Bithumb announced in public notices to users that they will drop Litecoin (LTC). Upbit will stop trading pairs with Litecoin on June 20th and give users one month from then to withdraw the asset. Bithumb has already stopped accepting LTC deposits as of June 8th. Furthermore, the exchange is giving...Read More
Amid heightened inflation concerns, investors are steering away from riskier assets. Crypto declines are closely tracking the equity market, and given the current fragility, negative sentiment across the space is palpable. But Binance CEO CZ believes crypto winter is a great time to hire people. At the Consensus 2022 conference, the chief executive revealed now...Read More
Bitcoin and cryptocurrency sell-off has heightened with no signs of a respite. Amidst the ongoing mayhem, Binance temporarily halted Bitcoin withdrawals on the BTC network specifically – withdrawals through other networks such as BEP20 are working as intended. “Binance has temporarily paused #Bitcoin withdrawals on the $BTC network. Meanwhile, you can still withdraw BTC on...Read More
A new class-action lawsuit filed against the US branch of the largest cryptocurrency exchange alleges the company of misleading investors and illegally allowing the sale of unregistered securities – LUNA and UST. Filed in the Northern District of California on Monday by law firms Dontzin Nagy & Fleissig and Roche Freedman, the lawsuit reads that...Read More
The world’s leading cryptocurrency platform – Binance – reportedly revealed intentions to join forces with Malaysian exchanges to boost the local digital asset sector. Malaysia Could Benefit From Binance’s ‘Robust’ Platform Binance has displayed its ambition to strengthen its global presence, and South East Asia is among its key targets. Three months ago, it made...Read More
The Vietnam Blockchain Association partnered with the world’s largest cryptocurrency exchange – Binance – to boost the development of blockchain technology in the Asian country. The two parties will also establish connections with other tech companies across the globe. Striking a Deal With Binance The cryptocurrency industry has found a welcoming location in the face...Read More
The venture capital and innovation incubator of Binance – Binance Labs – raised $500 million for its first start-up fund and intends to invest the sum into entities part of the Web3 ecosystem. Bullish on the Web3 Universe The multimillion fund was led by the American venture capital firms DST Global and Breyer Capital. Other...Read More
To address the criticism of centralization over its Binance Smart Chain (BSC), Binance in February announced the merge of BSC and BNB Beacon Chain (previously known as Binance Chain) to form the Build N’ Build (BNB) Chain – which was branded as more decentralized and with higher scaling capabilities. BNB Chain put out its technical...Read More
Former senior executives at the leading crypto exchange, Binance, recently unveiled a $100 investment fund targeted at investing in Web 3.0 and blockchain projects. According to a Thursday press release shared with CryptoPotato, the $100 million fund, dubbed Old Fashion Research (OFR), is a multi-strategy blockchain investment product founded in late 2021. It focuses on...Read More
Do Kwon’s proposal to revive the beleaguered Terra blockchain has been approved. The controversial Terra proposal 1,623 received a 65.5% approval rate with over 200 million votes in favor. While 20.98% abstained from voting, the “no with veto” votes comprised 13.20%. Terra’s Rebirth This will essentially lead to the creation of a new Terra chain...Read More
Difficult to prove, yet often suspected, insider trading has been a staple practice of dishonest investors ever since the stock markets took off. Over time, regulators like the SEC were founded in order to fight the phenomenon – despite it being an elusive one hard to pin on a perpetrator. This is due to the...Read More
Ethereum layer-two (L2) scaling solution Optimism announced an upgrade called Bedrock on its network, with the benefits of lower fees and faster speed for transactions completed through the Optimistic Rollup. The new feature is designed to be the first EVM-based rollup with Ethereum’s level of security and a much cheaper cost for transactions. Bedrock Arrives...Read More
Amidst growing uncertainty caused by the bearish run across most cryptocurrencies over the past few weeks, Binance – the leading exchange in terms of volume – is looking to heavily shore up its defenses in case of any possible inquiries from regulatory bodies. However, this could also be an indicator of the company planning to...Read More
Binance’s CEO reported earlier today that the company recovered nearly $6 million out of the $600 million stolen in the hack against the Ronin Network. These are among the first funds on the move since the exploit took place roughly a month ago. CZ took it to Twitter on April 22 to inform that the...Read More
World-leading crypto exchange Binance has announced the hiring of former Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA) members to its team. The two are intended to help the exchange enhance its regulatory compliance with jurisdictions around the globe. According to a press release shared with CryptoPotato, Steven McWhirter (FCA) will join the...Read More
A news report suggesting that India’s hostile policy towards the digital asset sector is leading to an exodus of crypto-entrepreneurs from the country has said that Nischal Shetty and Siddharth Menon, both co-founders of WazirX, have left India along with their families for Dubai. Shetty and Menon are CEO and COO at WazirX, respectively. The...Read More
The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the trading venue – argued that the process proves the deflationary nature of the asset. BNB Chain (BNB) – the native token of the world’s largest...Read More
Thailand’s Gulf Energy Development Public Company Ltd. recently announced that it had made a significant investment in the US affiliate of the leading cryptocurrency exchange, Binance. Gulf Invests in Binance US and BNB According to a regulatory filing with the Thailand Stock Exchange today, the Thailand-based energy company revealed that it had invested in “Series...Read More
Binance, the biggest crypto exchange by trading volume, announced plans to expand its investments and operations into France’s STATION F, the largest startup campus in the world. Changpeng Zhao (CZ), founder and CEO of Binance, described the new space as the creative and innovative launchpad of his company’s footprints in Europe. The ‘Objective Moon’ initiative...Read More
Underscoring the role of India in web3 and the metaverse, Binance Founder and CEO Changpeng Zhao said the nation is a “natural frontrunner” in the evolution of the next generation of blockchain applications. “India is a huge market, as well as a leader in technology, and therefore will be a natural frontrunner for web 3...Read More
Less than a month after receiving a limited crypto asset license in Dubai, the world’s leading cryptocurrency exchange obtained an In-Principle Approval from the Financial Services Permission of Abu Dhabi Global Market. The press release shared with CryptoPotato informed that the new licensing will allow Binance to operate as a broker-dealer for cryptocurrencies within the...Read More
Binance said that it was aware of the current issues regarding withdrawals on the Solana network and has halted withdrawals for the time being. The platform revealed that it was working with the project team to resolve the issues. No other details have been divulged at the time of writing. Binance tweeted, “SOL withdrawals may...Read More
Binance US, the cryptocurrency exchange affiliated with the world’s largest cryptocurrency exchange, is now worth more than $4.5 billion after it raised over $200 million from a mix of VCs and crypto-native firms, including Circle Ventures, VanEck, and Foundation Capital. The newly raised capital will be reportedly used by the exchange to improve its spot...Read More
In a bid to restore funds stolen during the recent Ronin bridge attack, Binance revealed that it has led a $150 million funding round of Sky Mavis – the creator of Axie Infinity. As CryptoPotato reported recently, the Ronin bridge – a critical piece of infrastructure for the Axie Infinity ecosystem, was exploited. The attack resulted in...Read More
Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the several NGOs that have managed to secure donations to help the war-stricken country distribute emergency resources and push back against Russian invasion. However, concerns...Read More
Arguably the best boxer of all times – Mike Tyson – will launch a Mystery Box NFT collection via Binance NFT (the non-fungible token marketplace of the crypto exchange). The sale begins on April 5, 2022, at 11:00 UTC. “Iron Mike” Joins the NFT Craze Over the past several months, non-fungible tokens have emerged as...Read More
Cryptocurrency exchange giant Binance has been announced as the official crypto partner of the Recording Academy, the company which organizes the Grammy Awards. Binance Expands to the Music Industry The Recording Academy released an official list of its partners for the upcoming 2022 Grammy Awards. Binance, which is among the sponsors, said it is the...Read More
After collaborating with the world’s largest crypto exchange – Binance – Sarath Ratanavadi’s electric power generation company has announced plans to invest directly in digital assets. To do so, the firm has established a designated subsidiary. The company filed documents to the Stock Exchange of Thailand informing that it had set up Gulf International Investment...Read More
What’s worse than having money in your account and then suddenly receiving an email saying that you can’t access it because it presumably comes from illicit activities? That is what happened to a group of young Colombians who used to trade crypto in Binance —and they are not too happy about it. For more than...Read More
