Category: BSC
Seven firms, including Ethena and Derivio, are selected by Binance Labs during its sixth incubation season
Seven firms have received investments from Binance Labs, the $10 billion venture capital and incubation division of the cryptocurrency exchange Binance, during the program’s sixth season. The seven startups are:…
Binance.US Fired 2/3 of Employees, Revenue Plummeting 75% Following SEC Lawsuit
Following the SEC’s action, Binance.US experienced 200 layoffs, a 75% decline in sales, and a $1 billion asset exodus. The exchange’s activities were impacted heavily by lost banking relationships, auditor…
Binance Suspends Services in Nigeria
The cryptocurrency exchange Binance declared that it will no longer offer any NGN-related services. The company announced today that all leftover NGN balances in Binance users’ accounts will be immediately…
Binance Unveils Toncoin Perpetual Contract Amid Rising Market Enthusiasm
In an ambitious move, Binance Futures, the futures platform of the renowned cryptocurrency exchange Binance, is set to introduce perpetual contracts featuring Toncoin (TON). The announcement, posted on March 1,…
Magic Square Empowers Web3 Ecosystem with TruePNL Acquisition
In a strategic move marking the evolution of the web3 ecosystem, Magic Square, the web3 app store backed by prominent investors including Binance Labs, has successfully acquired TruePNL, a renowned…
PancakeSwap’s Innovative Move: Affiliates Unleash New Opportunities for CAKE Token Holders
In a bid to expand its reach and contribute to the decentralized finance (DeFi) ecosystem, PancakeSwap, a prominent decentralized exchange, is set to introduce an affiliate model. This groundbreaking initiative…
PancakeSwap initiates plans for an affiliate model to provide service to customers in all regions
The company is developing an affiliate model that would enable developers to fork its code and launch a version of the platform on several blockchains. The affiliate initiative aims to…
Binance Labs Unveils Pioneering Ventures in Latest Incubation Round
In a strategic move to champion innovation, Binance Labs has officially disclosed its financial backing for three groundbreaking projects—Ethena Labs, NFPromt, and Shogun—as part of its ongoing sixth-season incubation program….
Binance Expands Horizon: 24 New Dapps Enrich User Experience on Web3 Wallet
In a significant stride towards enhancing its digital asset services, Binance Web3 Wallet has recently integrated 24 new decentralized applications (Dapps). This strategic move is geared towards providing users with…
Binance Faces Legal Confrontation as Uzbekistan Imposes Fine for Unlicensed Operations
In a recent regulatory move, Uzbekistan has levied a substantial fine of 102 million soms (approximately $8,200) on international crypto exchange Binance for operating within its borders without the necessary…
Binance Expands Footprint in Thailand with Binance TH: A Joint Venture with Gulf Innova
In a strategic collaboration with Gulf Innova, a subsidiary of Gulf Energy Development, Binance has introduced its joint venture crypto exchange, Binance Thailand (Binance TH). The platform facilitates digital asset…
Binance Introduces Reserve Proof System Amidst FTX Bankruptcy, Upholding Trust in Crypto Exchanges
In the wake of FTX’s abrupt bankruptcy, Binance, the world’s leading cryptocurrency exchange, has proactively unveiled a reserve-proof system to reinforce trust in Bitcoin exchanges. This strategic move aligns with…
Crypto Bytes: Top 10 Breaking News from Cryptoverse
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an…
PancakeSwap’s CAKE Token Surges 20% Following Strategic Supply Cut
PancakeSwap’s native token, CAKE, has experienced a notable 20% surge in value after the decentralized exchange’s team proposed a reduction in the token’s maximum supply. The move, aimed at transitioning…
PancakeSwap Collaborates with Transak to Enable Fiat Onboarding on Multiple Networks
As the cryptocurrency market continues to evolve, accessibility and ease of use are of prime importance. In light of this, the decentralized exchange (DEX) platform, PancakeSwap, known for its multi-chain…
Binance Brazil Faces Investigation for Alleged Pyramid Schemes Amidst Mounting International Regulatory Pressure
Binance, the world’s largest cryptocurrency exchange, is currently under investigation in Brazil for its suspected involvement in pyramid schemes. This development adds to the growing international regulatory scrutiny faced by…
SEC Files Lawsuit Against Coinbase, Leading to 12% Stock Drop, Over Exchange and Staking Programs
The Securities and Exchange Commission (SEC) has taken legal action against cryptocurrency exchange Coinbase, filing a lawsuit in a New York federal court. The SEC alleges that Coinbase has been…
SEC Pursues Alternative Means to Serve Binance CEO, Changpeng Zhao, Amid Rumors of His Whereabouts
In the latest twist surrounding the United States Securities and Exchange Commission’s (SEC) lawsuit against Binance and its CEO, Changpeng Zhao (CZ), the SEC is seeking alternative ways to serve…
Binance Requests Gary Gensler’s Recusal from SEC Lawsuit, Citing Prior Relationship
In a recent development, Binance, the popular cryptocurrency exchange, has called for Gary Gensler, the chair of the United States Securities and Exchange Commission (SEC), to recuse himself from the…
Binance Removes PEPE from Borrowable Assets on Flexible Loan Network
Binance, the leading cryptocurrency exchange, has announced the delisting of PEPE from its Flexible Loan network. As of June 21, 2023, users will no longer be able to access the…