Category: BSC
Around 10 million cakes, valued at $23 million, were destroyed by PancakeSwap!
10,068,711 CAKE tokens, worth almost $23 million, were destroyed by PancakeSwap. The network regularly conducts token burns to raise the value and scarcity of its native token, CAKE, and it…
In addition to operating nodes, T-Mobile owner Deutsche Telekom plans to start mining Bitcoin soon
According to a remark made on Friday at the BTC Prague conference by the head of Web3 infrastructure and solutions at T-Systems MMS, a subsidiary of Deutsche Telekom, the largest…
SushiSwap Establishes the Multi-Token Model and Sushi Labs Council
Decentralized exchange SushiSwap is launching a multi-token model and establishing Sushi Labs, a new council structure, to function in conjunction with the decentralized autonomous organization (DAO) of the protocol. The…
After a challenging 2023, BNB recovers to all-time highs and keeps reestablishing itself
Last week, both the BNB Chain native token and the Binance exchange token reached a record-breaking high of more than $700. The token began the year at $312 and surged…
SushiSwap renames itself Sushi Labs and dissolves its DAO, establishing a new council structure
Decentralized trade The protocol’s decentralized autonomous organization (DAO), formerly known as SushiSwap, has been rebranded as Sushi Labs, an independent business. SushiSwap will continue to be used for its DEX-focused…
Prior to new crypto regulations, Binance would restrict uncontrolled stablecoins in the EU
According to a statement issued on June 3, Binance will restrict the sale of “unregulated stablecoins” in the EU by June 30 in accordance with the impending Markets in Crypto-Assets…
PancakeSwap offers to reimburse Uniswap customers for their interface costs
The decentralized exchange PancakeSwap intends to reimburse traders for up to $8 million in fees they paid on Uniswap, a rival. A complete reimbursement of their Uniswap interface costs will…
Binance Works with Indian Authorities to Catch $10 Million Fraud
The exchange and two more people worked with local law enforcement to expose a money laundering operation. The regulatory focus on the Indian cryptocurrency business has recently increased, with initiatives…
Changpeng Zhao, the former CEO of Binance, received a four-month prison sentence
Tuesday’s sentencing session saw Zhao apologize and express his desire to accept accountability for his “mistakes.” Additionally, he stated that Binance has put in place an anti-money laundering and Know…
BNB Introduces Native Liquid Staking on BSC
BNB Chain, a prominent ecosystem within the crypto landscape, has unveiled plans to introduce native liquid staking on its Binance Smart Chain (BSC) blockchain. This new addition is designed to…
Binance Launches Spot Copy Trading Feature to Enhance User Experience
Binance, the world’s leading cryptocurrency exchange, is introducing a new spot copy trading tool, allowing users to mimic the trading strategies of top traders automatically. This innovative feature, set to…
Binance Obtains Full Crypto Services License in Dubai
Binance, the leading global cryptocurrency exchange by trading volume, has been granted a full virtual-asset services provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This marks the completion…
Binance to pay a $2 million fine in order to reenter India
The largest cryptocurrency exchange in the world, Binance, is getting ready to return to India by paying a $2 million fine, according to an article in India’s Economic Times that…
Binance.US Appoints Former New York Fed Compliance Chief to Board
Binance.US has announced the addition of Martin Grant, a former senior official at the Federal Reserve Bank of New York, to its board of directors. Grant, who served as the…
Binance Implements Stricter KYC Standards for Corporate Clients
Cryptocurrency exchange Binance has announced a tightening of its Know Your Customer (KYC) requirements for business clients, signaling a shift toward enhanced compliance measures. Effective from March 20, Binance has…
Binance Expands Web3 Wallet with Integration of 35 New dApps
Binance has recently expanded its web3 wallet by integrating 35 new decentralized applications (dApps), enhancing its functionality and usability for users. The latest additions include prominent platforms like Aevo, Ambient…
Binance to Discontinue Bitcoin NFT Support Amidst Rising Interest
In a surprising move, cryptocurrency exchange Binance has announced its decision to discontinue support for Bitcoin Non-Fungible Tokens (NFTs) less than a year after their introduction to its marketplace. According…
Changpeng Zhao Unveils Post-Binance Venture Amidst Legal Woes: A Look into CZ’s Next Move
On Monday, Changpeng Zhao, the ex-CEO of cryptocurrency exchange Binance, revealed details of a new venture. Zhao posted on the social networking site X that the initiative will be instructional…
Binance Surpasses $100 Billion in User Assets
The amount of assets that popular cryptocurrency exchange Binance holds for its members exceeds $100 billion. With the use of its proof-of-reserves (POR) mechanism, which verifies the holding of 31…
BNB Chain Unveils Rollup-as-a-Service Solution to Enhance Layer 2 Ecosystem
Rollup as a Service is a new offering from BNB Chain that aims to grow its Layer 2 ecosystem. A rollup-as-a-service (RaaS) solution from BNB Chain has been introduced to…