Tag: Binance
‘Rewards-bearing’ is explained by Binance The BFUSD asset has not released and is not a stablecoin
On Monday, Binance revealed BFUSD, a new currency that some observers claimed resembled a high-yield stablecoin. Despite the “USD” suffix in its name, the cryptocurrency exchange giant later emphasized that…
Lombard, a Bitcoin liquid staking platform, is acquired by Binance Labs
Lombard Finance is a platform for Bitcoin liquid staking that has received funding from Binance Labs, the $10 billion venture financing and incubator division of the cryptocurrency exchange Binance. According…
Details of the new Solana liquid staking token are revealed by Binance
With the so-called BNSOL tool, users will be able to mint a liquid staking token that can be utilized while the underlying tokens are locked up and stake SOL tokens…
Binance Reaches a $1.7 million settlement with Brazilian Securities Regulators
A noteworthy development is that Binance has consented to resolve an ongoing inquiry into its improper futures trading in Brazil by paying the Brazilian Securities and Exchange Commission (CVM) 9.6…
The detained Binance executive’s wife claims that the prison in Nigeria is shockingly unhealthy
According to his legal team, Tigran Gambaryan, a former senior executive at cryptocurrency exchange Binance who was arrested in Nigeria in February, is rapidly losing health and is still not…
During the market crash, Binance saw a net inflow of $1.2 billion in just one day
The CEO of Binance, Richard Teng, attributed the significant inflows on the exchange to increasing investor trust by citing data from Defi Llama. He posted this insight on his X…
$86 million in Indian taxes is being contested by Binance: Source
The largest cryptocurrency exchange in the world, Binance, is contesting a tax showcause notice from India’s Directorate General of Goods and Services Tax Intelligence (DGGI) worth almost $86 million, a…
In spite of the market downturn, Binance Labs supports new Web3 startups
The blockchain and cryptocurrency industries are going through a severe collapse; Bitcoin fell 14% to a low of $49,300. Changes in financial policy, such the recent interest rate hike by…
Announcing the Exciting Season 7 Project Lineup is Binance Labs Fund!
The seventh batch of incubation from Binance Labs Fund is intriguing since it covers a variety of blockchain and DeFi-related technologies. The chain abstraction aggregation liquidity network CYCLE NETWORK, the…
A Cross-Platform Proof-of-KYC Token Is Released by Binance
The biggest cryptocurrency exchange in the world, Binance, has attempted to tackle one of the most challenging issues facing the sector: on-chain identity. Users who successfully complete Binance’s Know-Your-Customer (KYC)…
US lawmakers demand the release of Binance executive Tigran Gambaryan from incarceration in Nigeria
After visiting the arrested Binance executive in a Nigerian prison, US legislators demanded that Tigran Gambaryan, who is now under arrest, be freed right away, claiming he is afflicted with…
Binance freezes $5 million that was taken from BtcTurk after an alleged $54 million hack of a Turkish exchange
Following allegations of unusual transactions of Avalanche AVAX -3.90% tokens on Saturday, the Turkish cryptocurrency exchange BtcTurk revealed that a cyberattack had compromised the cryptocurrency held in ten of its…
For holders of BNB, new Binance HODLer airdrops have launched
The HODLer Airdrops campaign, which targets users who hold and subscribe to Simple Earn using Binance Coin (BNB), has been introduced by Binance. The Binance HODLer Airdrops for BNB holders…
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…
Kaiko Analytics Says Binance Leads Coinbase and All Other Crypto Exchanges in This Metric
Exchanges with high liquidity provide better trading conditions, including less slippage and lower execution risk. We’ve chosen to create a liquidity score for this quarter’s exchange ranking using five indicators,…
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…
Binance offers 10% of trader profits to users who engage in spot copy trading
Users can now immediately replicate the trading techniques of seasoned traders with this new option. Binance has clarified the distinction between copy trading in the futures and spot markets. Exchange…
Canada’s Fintrac fines Binance $4.3 million
The regulator further stated that on 5,902 occasions between June 1, 2021, and July 19, 2023, Binance failed to record a single transaction valued at $10,000. Furthermore, according to FINTRAC,…
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…