On March 13, CZ tweeted that due to the changes in stablecoins and banks, Binance will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto. The native cry...
Tag: Binance
CoinMarketCap Acquisition of CoinDesk ‘On Hold’
CoinDesk, a leading crypto news and events company and a core component of the Digital Currency Group (DCG) empire, has been an acquisition target for Binance Capital Management (BCM) in recent weeks,...
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum – Bitcoin News
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryp...
Binance Launches Prepaid Card in Colombia
– Advertisement – Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with thei...
Binance Launches Prepaid Crypto Card in Colombia
After launching similar initiatives in Brazil and Argentina, Binance is widening its reach into LATAM by making its crypto debit card available in Colombia. Cryptocurrency exchange Binance announced t...
Why Invest in Crypto? Binance Coin (BNB), XRP, And TMS Network (TMSN) Are Set for Substantial Gains In 2023
One of the most popular subjects of conversation in the financial world has been cryptocurrency. Three of the most promising cryptocurrencies to invest in for 2023 will be examined in more detail in t...
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per Bitcoin (BTC), albeit for several minutes. Bitcoin price sees...
Cardano, Binance Coin and Orbeon Protocol Set To Change The Game
A seismic shift in the world of cryptocurrency is happening, and you can find these powerhouses at the center, Cardano (ADA), Binance Coin (BNB) and Orbeon Protocol (ORBN). Leading the way is the inno...
Binance Launches Prepaid Card in Colombia – Exchanges Bitcoin News
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make pa...
Dogetti and Dogecoin Comparison: Is Binance the New FTX?
In only a few weeks, Dogetti (DETI) has marked its paw print as one of crypto’s top presale tokens of 2023! The meme coin has already attracted a large community by branding itself as a “Family,” whic...
Binance Coin (BNB): Crypto Latest News
Latest crypto updates regarding Binance Coin (BNB), the cryptocurrency that powers the BNB Chain ecosystem. According to an analysis of its latest performance, can it be said that BNB is immune to the...
Filecoin Price Skyrockets 25% On FVM Launch, Binance Announces Support
Filecoin price skyrocketed 25% on Monday ahead of the Filecoin Virtual Machine (FVM) launch. The FVM will be deployed on the Filecoin mainnet at epoch 2,683,348, estimated at 15:14 UTC on March 14. Ac...
Bitcoin Explodes 10% Daily on Positive SVB Developments, Binance $1B Injection: Market Watch
It’s been a while since we last saw so many developments in such a short time within the cryptocurrency market. The most important piece of information seems to be that the US Government, in the face ...
Binance converts $1B BUSD to Bitcoin, Ethereum, BNB
Binance CEO Changpeng Zhao (CZ) has confirmed that the exchange has converted the remaining $1 billion in its industry recovery fund to native crypto assets — including Bitcoin, Ethereum, and BNB. The...
Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark. Amid the ...
Binance Swaps $1 Billion Industry Recovery Funds to BTC, ETH and BNB
The Binance Industry Recovery Initiative wallet held 985,088,975.25 BUSD. Binance converted BUSD to USD through Uniswap at 05:31:47 UTC on March 13. With the failure of crypto-friendly institutions an...
Binance Delivers $1 Billion Blow to Crypto Bears
Alex Dovbnya Binance, one of world’s largest cryptocurrency exchanges, has announced conversion of remaining funds from its Industry Recovery Initiative from BUSD stablecoin to native cryptocurr...
Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap
Crypto giant Binance says it’s converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this represents the remainder of the ...
Binance Coverts its $1B Recovery Fund into BTC, ETH and…
After crypto exchange FTX collapsed in November, Binance established the “Industry Recovery Initiative”, which contains $1 billion in BUSD. Binance CEO Changpeng Zhao announced that the funds will now...
Binance Converts Industry Recover Funds Into BTC, BNB & ETH
Binance has converted the remainder of its $1 billion in industry recovery funds to other assets. The converted assets include Bitcoin, Binance Coin, and Ethereum. Binance CEO Changpeng Zhao has annou...
Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga
Over the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have caused the industry to fall under the microscope of regulators around the world...
Binance converting $1 billion in BUSD to bitcoin, ether and BNB
Binance CEO Changpeng Zhao announced on Twitter that the foremost crypto exchange would convert the approximately $1 billion remaining from its Industry Recovery Initiative funds to native crypto asse...
Binance Will Convert $1B Into BTC, BNB, ETH, Bitcoin Price Skyrockets to $22.6K
The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US – Silicon Valley Bank – experienced what was essentially a bank run and was forced to shut down...
Binance Converting $1 Bln In Industry Recovery Initiative To BTC, ETH, BNB
Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artific...
Binance Trains Ukraine’s Cyberpolice and Security Service – Exchanges Bitcoin News
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 initiativ...
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging
Meanwhile, Binance is not alone in considering a move into traditional finance; Kraken has also stated its intention to open a bank. Read more: Kraken eyes own bank amid regulatory scrutiny The collap...
Binance Coin (BNB) Price Prediction 2025-2030: Is BNB really immune from Silvergate crisis?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Binance Coin, also known as BNB, ...
“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says
Binance CEO worries about USDT and USDC following US bank collapse. Emabattked Silicon Valley Bank has $209 billion in total assets. USDC has over $3 billion with the troubled US Silicon Valley Bank...
HedgeUp (HDUP) and Binance Coin (BNB) Expected to Perform Well in 2023
As the bear market continues to create havoc in the crypto space, new token releases are at their all-time high. More and more projects are joining the ranks, and HedgeUp (HDUP) is one of those leadin...
Binance CEO Speculates Coordinated Efforts To Destabilize Crypto
The cryptocurrency market went through a whirlwind of challenges in 2022 and it appears that there will be no respite for this year as well. As a result of successive regulatory roadblocks and the sub...
Binance Switches To Multiple Stablecoins, Discontinues Auto-Conversion Policy
Binance CEO Changpeng “CZ” Zhao on Saturday announced that Binance will now support multiple stablecoins and discontinued its Binance USD (BUSD) Auto-Conversion policy introduced last September. The m...