Binance ignores request for financial data from US Senators
Binance has responded to a letter sent by United States Senators in early March requesting information regarding the exchange’s operations in the country, including its balance sheet. According to a report published on March 18, Binance’s response did not include the financial data requested; however, according to an anonymous source, the exchange had nonetheless sent […]
Binance to convert $1B BUSD recovery funds to ‘native crypto’
Binance crypto exchange has announced that it will convert $1 billion in Binance USD (BUSD) to Bitcoin (BTC), ether (ETH), BNB coin (BNB), and other tokens to help the market. The failure of three major cryptocurrency-backed banks, Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank caused the stablecoin USDC to fall as low as […]
The death of Fiat and the rise of digital banks – thanks to Musk and CZ
Two American banks collapsed this month in rapid succession. One is a crypto-focused bank, while the other is a traditional bank. One bank required a bailout. One did not. You might be forgiven for thinking that the crypto-focused bank was the one that required a bailout from the Federal Deposit Insurance Corporation (FDIC). The tides […]
Crypto trader makes huge profits on Binance GNS listing—front running or smart money?
On February 17, a wallet previously accused of front-running Binance’s token listings engaged in another transaction involving Gains (GNS) tokens just before their listing on Binance. Lookonchain’s study revealed that the anonymous crypto trader earned over $100,000 in minutes after they purchased a token just before it was listed on Binance. After a thorough investigation, […]
South Korea shifts focus to crypto staking following the Kraken case
Following recent crackdowns by the US Securities and Exchange Commission (SEC), South Korean financial officials are reportedly planning to review crypto staking services on local exchanges. South Korean officials told local news channel News1 that crypto staking services had been inspected internationally and that local services would be investigated. However, they did not provide a […]
Binance CEO predicts the crypto industry will move away from US Dollar-backed stablecoins
Binance CEO Changpeng Zhao, otherwise known as “CZ,” expressed in a statement on Twitter Spaces that the cryptocurrency industry may start turning to Euro, Yen, or Singapore dollar-based stablecoins over time and diminish its reliance on US dollar-based stablecoins. When asked if the crypto industry should consider using gold as a basis of value rather […]
Here is how crypto entities are aiding Turkey-Syria earthquake victims
Once again, the crypto community is engaging in humanitarian efforts and lessening the pain in global affairs. For example, at the start of last year, the decentralized finance community showed support to Ukrainians amid the ongoing geopolitical war with Russia. Likewise, following a devastating earthquake that razed parts of Turkey and Syria to the ground, […]
A documentary about SBF and CZ’s relationship is in the works
The FTX drama and the events that led to the crypto exchange’s demise will be depicted in a new documentary concentrating on the tumultuous relationship between Samuel Bankman Fried “SBF” and Binance founder Changpeng Zhao “CZ,” one of his harshest critics. As reported by The Hollywood Reporter, the production is a collaboration between the news […]
Binance burns 16m worth of BNB tokens; transitions from the ERC20 version of BNB to BEP2
The Binance team declared on Sunday that it had burned more than 16 million BNB (ERC-20) tokens. The crypto exchange also revealed that it is migrating the ERC20 version of BNB to the native (BEP2) version. In just 24 hours, the price of BNB increased by 2% — from $310 to $315. It is essential […]
SBF targets Binance’s CZ in his recent FTX pre-mortem overview
Sam-Bankman Fried (SBF), one of crypto’s worst villains, has turned blogger from his home arrest confines. Former FTX CEO SBF has mainly refuted the claims made against him in a “pre-mortem analysis” of the crypto exchange’s demise. Despite the controversy surrounding the collapse of one of the biggest cryptocurrency exchanges, SBF maintains his innocence and […]
WazirX unveils its proof of reserves report, with a significant portion of funds secured in Binance wallets
Following the FTX liquidity and bankruptcy incident, which caused panic in the cryptocurrency sector, numerous digital asset providers have begun publicizing their reserve funds. WazirX, an Indian cryptocurrency exchange, recently joined the ranks of other crypto platforms that have embraced proof of reserve transparency. On January 11th, they released a statement indicating their commitment to […]
Binance cautions users about potential 3Commas API Leaks 
Crypto traders should exercise extreme caution when using 3Commas automated trading bot platform following reports of millions of dollars being stolen from exchange accounts. On Wednesday, Binance CEO Changpeng Zhao commented on the speculation of an October incident regarding API key leaks from the 3Commas trading-bot platform. He stated that he was “reasonably sure” these […]
CZ: Binance stores its clients’ assets in separate accounts from its own
It has been reported that the CEO of Binance, Changpeng Zhao, also known as “CZ,” has issued a personal email to retail customers assuring them of Binance’s future and financial stability. CZ addressed the management of client wallets and funds between Binance and their retail consumers as the most recent move in the public relations […]
Binance controversy persists as experts warn of potential repercussions
Rumours and FUDs on Binance went full steam just behind the latest Federal Open Market Committee meeting last week, which was quite positive. The FUDs included allegations regarding inadequate evidence of reserves, withdrawal from auditing firm Mazars, an assumed bank run and insolvency, and CZ’s CNBC interview, which caused Bitcoin and cryptocurrency sentiment and prices […]
Is Binance too big to fail?
The failure of FTX has cast doubt on Binance’s ability to weather a cryptocurrency storm. Changpeng Zhao is the crypto industry’s most prominent figure. He is the CEO of Binance, the largest exchange in the world, which conducts over half of the crypto market’s transactions. He is personally worth about $17 billion. Controversy has had […]
CZ takes a jab at Kevin O’Leary for defending SBF even after losing millions
Changpeng Zhao “CZ,” the founder and CEO of Binance, has taken a jab at Kevin O’Leary in response to an interview that O’Leary gave to CNBC in which he appeared to defend SBF despite the fact that O’Leary lost millions of dollars due to the collapse of SBF’s exchange. CZ’s comment was made in response to […]
6 projects Binance has partnered with in the last 30 days
Binance has been at the heart of the cryptocurrency ecosystem for several months. In 2022, the cryptocurrency exchange has followed a drastically different direction. In 2021, the exchange was subject to the whims of financial regulators. One year later, however, the exchange is at the forefront of the industry, having established unmatched standards for other […]
Kraken founder slams Binance for PoR Merkle Trees; calls it pointless
In response to the recent failure of the FTX exchange, the world’s most important cryptocurrency ecosystem, Binance, has said that it intends to begin operating in a more open and honest manner. By using Merkle Trees, a cryptographic method that allows for the aggregation of massive quantities of data into a single hash, Binance has […]
Why is the crypto market down today? November 2022 update
The crypto market has been in a downward spiral for much of November. The collapse of FTX has exacerbated the market’s suffering and losses. The FTX crash appears to have impacted not only businesses and investors but also entire communities that had partnered with the beleaguered cryptocurrency exchange. According to CoinMarketCap, the total crypto market […]
El Salvador: 1 Bitcoin a day keeps recession away
The last few days have been a wild rollercoaster, and the crypto volatility has not yet subsided. Recent market events would have you believe that anyone putting their trust in crypto is insane. Yet, El Salvador has reaffirmed their faith in Bitcoin. This has caused investors to experience both comfort and confusion. El Salvador’s president, […]
CZ’s 6 tips to run a healthy centralized crypto exchange
Changpeng Zhao (CZ), the founder of the dominant crypto exchange Binance, has recently proposed several initiatives to restore order to the digital-currency ecosystem in the wake of the collapse of rival FTX. His own success may depend on it. Ever wondered what would have happened if CZ and Binance had taken on the bid to […]
Binance’s CZ makes bold promise; is he reiterating his title as the crypto lord?
The past couple of days in the cryptocurrency industry have been filled with plenty of setbacks. It’s been all glum since the world’s second-largest cryptocurrency exchange, FTX, became insolvent. FTX is widely considered to be Binance’s primary opponent seeing as they used to be the top two exchanges. Before the full-blown meltdown of the exchange, […]
Binance reveals equity stake in Elon Musk’s Twitter takeover
On October 28th, the biggest cryptocurrency exchange in the world, Binance, said that it had participated as an equity investor in the takeover of social media networking platform Twitter that was being orchestrated by billionaire crypto enthusiast Elon Musk. In a statement that was sent out via email, Binance founder Changpeng Zhao “CZ” expressed his […]
Forbes reveal crypto billionaires of 2022
TL;DR Breakdown The crypto billionaires list released by Forbes shows seven new entrants Binance CEO, Changpeng Zhao, maintains the number one spot New members in the list include co-founders of OpenSea and Alchemy Crypto billionaires have seen some new names join their ranks despite the crypto market’s turbulence. The list of crypto billionaires has increased […]
Financial institutions continue to flock to crypto – Binance
TL;DR Breakdown More financial institutions continue to turn to crypto. Zhao calls crypto multiasset class technology. CEO of Binance Crypto Exchange, Changpeng Zhao, has said that traditional financial institutions and investors have continued to flock into cryptocurrencies in recent times. Zhao said that most of these financial institutions have their sights set on Bitcoin. He […]
Binance upgrade largest in two years, says Changpeng Zhao
Binance crypto exchange, after temporarily halting activities on its platform to upgrade its service is back up and running. Claimed to be the largest upgrade in the last two years, Binance upgrade was a complete overhaul of its matching engine. The crypto firm, however, said in a release earlier that it would be upgrading its […]
Where is Binance headquarters located?
It remains a rhetorical question to ask where Binance headquarters is located. Even the global exchange firm CEO did not provide a definite answer to the question when asked. Podcast host Laura Shin in a chat with Changpeng Zhao, Binance CEO at ConsenSys’ Ethereal Summit on Thursday, asked the CEO where Binance headquarters is located. […]
Binance Exchange adds 5 new fiat currencies
It has been a busy month, or should we say a busy year so far for the cryptocurrency world as it has faced numerous ups and down due to many confronting issues. However, there have also been new decisions made by financial bodies in order to strengthen the crypto-currency exchanges and value using fiat currencies. […]
Binance introduces Binance card exclusively for crypto shoppers
The world’s arguably most popular cryptocurrency exchange Binance announced the launch of its very own Binance card on Thursday, exclusively for crypto shoppers, in an attempt to make shopping using cryptocurrencies a more effortless and a much straightforward task. Paying bills or purchasing goods could be a daunting task for many. Although there are several […]
Brave browser partners with Binance to simplify crypto trading
The privacy-focussed and blockchain-powered digital advertising platform Brave browser has joined forces with Binance, the world’s leading blockchain company and creator of the largest cryptocurrency trading platform, to enable Brave users to buy, sell and trade cryptocurrencies directly through the web page, Brave announced it officially on Tuesday. Brave browser grabbed the headlines last year […]
