Binance plans to deploy $1 billion toward Bitcoin and other cryptocurrencies. The report by Binance could have hedged the Biggest crypto rally. Bitcoin surged briefly above $26,000 before falling back...
Tag: Binances
Ethereum’s Liquity (LQTY) up 40% as Binance’s Multimillion Holdings Unveiled
Gamza Khanzadaev Black-yellow crypto giant becomes second biggest holder of LUSD issuer’s native token The price of Liquity, LQTY, has risen by more than 40% since the beginning of the week, rea...
BNB gets Binance’s nod for safety amid ‘unstablecoins’ frenzy- Here’s how
Binance altered storing the industry recovery fund as stablecoins and moved it to BNB, ETH, and BTC. The crypto community believes that the decision could set off buying pressure. Binance CEO Changpen...
Binance’s CZ announces BUSD recovery funds conversion to ‘native crypto’
Binance CEO has announced that the exchange will convert $1 billion Industry Recovery Initiative funds to native cryptos such as BTC, ETH, and BNB from BUSD. Binance co-founder and CEO, Changpeng “CZ...
Legal Battle Ensues Over Binance’s Acquisition Of Voyager Digital- Here’s Why.
The Voyager Digital deal with Binance.US has faced legal challenges from financial regulators seeking to stop the acquisition. Binance.US won the bid to acquire Voyager Digital assets last December, b...
Binance’s PoR system shows over $63B in reserves backing 24 assets
Ad Binance, one of the world’s largest crypto exchanges, updated its proof-of-reserves (PoR) system to include 11 new tokens. These include Mask Network (MASK), Dogecoin (DOGE), Curve DAO Token (CRV),...
Fears over Silvergate, $8B hole at FTX, Binance’s numbers sought
Top Stories This Week Silvergate stock plunges after delayed filing raises doubts over future Silvergate made headlines this week after postponing the filing of its annual 10-K financial report, raisi...
Binance’s Stablecoin BUSD Takes a Hit As Investors Liquidated $6 Billion Due to Rising Regulatory Concerns
Binance, the world’s largest cryptocurrency exchange, is facing increased regulatory trouble from the U.S. Securities and Exchange Commission (SEC). The SEC has reportedly been investigating Binance’s...
Binance’s AI NFT generator gets overwhelmed by requests within an hour of launch
Ad Binance CEO Changpeng Zhao, popularly known as ‘CZ,’ announced the launch of the beta version of an artificial intelligence (AI) generator of non-fungible tokens (NFTs), Bicasso, on March 1. Within...
Crypto Exchange Suspends Binance’s BUSD
Coinbase News: In a recent turn of events, Coinbase Global Inc., the largest crypto exchange in the United States, announced that it would be suspending the trading of Binance’s native stablecoin, BU...
Binance’s 2023 roadmap and BNB’s reaction: All you need to know
BNB will launch Parallel EVM 3.0 in 2023, and will also increase its gas limit. The number of transactions and addresses registered an uptick. On 14 February, Binance Coin [BNB] posted its tech roadma...
SEC Triggers Billion-dollar ‘Bank Run’ on Binance’s BUSD
It has been a rough ride for Binance-owned stablecoin BUSD since Paxos received a Wells notice from the SEC. In a company email last week, Paxos noted that since its decision to halt minting the crypt...
Australian Regulators To Review Binance’s Local Derivatives Operations
11 seconds ago | 2 mins read Exchange News Binance, will be subject to a review of its local crypto derivatives operations as per ASIC. The ASIC prohibits the general public from participating in deri...
Binance’s $1B Voyager Deal Receives Opposition From SEC
2 hours ago | 2 mins read Exchange News U.S SEC objected to Binance’s Voyager Digital acquisition. SEC involvement in cryptocurrency activities is growing. The New York and Federal financial regulator...
South Korean Regulators Express Concerns Over Binance’s GOPAX Acquisition
The world’s largest cryptocurrency exchange Binance, entered the South Korean market on February 13 for the first time in two years after it purchased the bulk of GOPAX, the fifth-largest cryptocurren...
Binance’s Entry Into South Korea Under Scrutiny by Regulators
2 hours ago | 2 mins read Exchange News Binance had acquired a controlling stake in the local exchange GOPAX. Regulators are weighing whether to maintain or sever connections between the two parties. ...
Binance’s Zhao Goes Head-To-Head With Kraken’s Powell
Join Our Telegram channel to stay up to date on breaking news coverage Binance CEO Changpeng Zhao has finally responded to the recent comments made by Kraken CEO Jesse Powell concerning how regulators...
Avalanche (AVAX) Reaps Benefits Of Recent Developments, Polkadot (DOT) Added To Binance’s Proof-of-reserve System, And Most-Awaited TMS Network (TMSN) Presale Begins
While there are many projects in the arena, let’s have a look at the current market performances of Avalanche (AVAX), Polkadot (DOT), and TMS Network (TMSN) since they are frequently in the news. The ...
TerraCVita Mulls New LUNC-backed Stablecoin in Response to Binance’s CZ AMA
The development group considers the merits of CZ’s suggestion. Independent Terra Classic development group TerraCVita recently discussed the possibility of creating a new algorithmic stablecoin for th...
3 reasons why Binance’s BNB token risks sliding further by March
On Feb. 13, BNB (BNB) recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB’s price has since recovered to over $298, but its possibility of facing another sell-off...
Bitcoin Spot Volume Stays Stable, But Binance’s Share Grows
Data shows the Bitcoin spot trading volume has remained stable in the past week, but Binance’s dominance of it has grown further. Binance’s Bitcoin Trading Volume Dominance Is Around 96% According to ...
Binance’s CZ says BUSD Funds in Paxos are #SAFU
Changpeng Zhao, Binance CEO, recently announced that the exchange will still support BUSD. The statement was issued after New York regulators and the SEC ordered Paxos to restrict the stablecoin’s min...
Binance’s CEO Says Crypto May Move Away From Stablecoins
While the cryptocurrency industry has been on regulators’ radar over the past years, including major exchanges like Binance, the most targeted aspect is stablecoins. Following the recent saga between ...
Vitalik Buterin, Binance’s CZ & Others Boost Turkey-Syria Earthquake Relief Efforts with Crypto Donations ⋆ ZyCrypto
Advertisement     Two top crypto industry leaders have reined in their support towards ongoing relief efforts in the aftermath of the Turkey-Syria earthquake. The regi...
Binance’s BUSD Controversy Prompts Calls for Decentralized Alternative
Alex Dovbnya Paxos has been ordered to stop issuing BUSD token due to unresolved issues related to Paxos’ oversight of its relationship with Binance The controversy surrounding Binance’s s...
Was BUSD, Binance’s Shadow Bank Solution to Access USD-Decode the Truth Here!
Binance appears to be in deep waters as the platform has been speculated to carry out multiple administered moves in the past and in the present time as well. Recently, the SEC’s crackdown on Paxos, r...
How Circle alerted the NYDFS about Binance’s insufficient reserves
USDC issuer Circle alerted the NYDFS about mismanagement of Binance’s reserves last year. The complaint came around the same time that Binance imposed its BUSD auto-conversion policy. Circle may hav...
Serious about your crypto project? Binance’s CEO says you should move.
Binance CEO Changpeng Zhao suggested crypto entrepreneurs might need to move to a country more favorable to cryptocurrencies and digital assets amid what appears to be a growing crackdown by U.S. regu...
Binance’s Native Token, BNB, Price Impacted by Recent FUD on Stablecoin: Details
Binance‘s native token, BNB, posted a significant drop on its daily chart after a New York regulator ordered Paxos Trust to stop creating more BUSD stablecoins. As seen on the TradingView chart...
Circle reportedly informed NYDFS about Binance’s BUSD
Ad Stablecoin issuer Circle filed a regulatory complaint last fall regarding Binance’s stablecoin reserves, according to a Bloomberg report on Feb. 13. Circle reported BUSD to NY regulator Bloomberg’s...