Archives

November 25, 2022 @ 5:04 pm By Omar Faridi  |  

As a “leading” player in crypto, Binance claims that it understands that they have a responsibility “to lead the charge when it comes to protecting consumers and rebuilding the industry.” That is why Binance has established the Industry Recovery Initiative (IRI), “a new co-investment opportunity… Read More

November 15, 2022 @ 6:27 pm By JD Alois  |  

Money that fled FTX is looking for a place to land. But FTX is not necessarily the only platform that is losing crypto assets, at least according to a Tweet thread from Nansen. We are seeing more deposits than withdrawals to these exchanges in the… Read More

November 14, 2022 @ 9:04 pm By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, entered into a joint venture (JV) agreement with Royal Group of Companies, Cambodia’s strategic investment holding company, “to solidify the relationship between the two parties and to expand blockchain ecosystem in… Read More

November 14, 2022 @ 6:24 pm By JD Alois  |  

Chengpeng “CZ” Zhou, the founder and CEO of Binance, announced a new “Industry Recovery Fund” following the collapse of FTX and the affiliated collateral damage that has harmed numerous crypto firms. Revealed via Twitter, CZ stated: To reduce further cascading negative effects of FTX, Binance… Read More

November 11, 2022 @ 3:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has “selected 12 top-performing projects for season 5 of its accelerator program.” The new season “officially kicked off on November 7.” The biannual and “chain-agnostic” Binance Labs Incubation Program “offers a 8-week curriculum tailored to… Read More

November 10, 2022 @ 1:03 pm By JD Alois  |  

Some observers believe that the potential collapse of FTX will be the death knell of crypto markets. The lack of regulation, a failure of management, and the destruction of investor trust have impacted the entire crypto industry. FTX CEO Sam Bankman-Fried, once the darling of… Read More

November 9, 2022 @ 4:15 pm By JD Alois  |  

A Fox news correspondent is reporting that Binance has decided purchasing FTX is not a good idea and has declined to acquire the crypto exchange after it got a view of its books. Eleanore Terrett of Fox was first with the news quoting Binance Chief… Read More

November 9, 2022 @ 1:18 pm By JD Alois  |  

Things are going from bad to worse for FTX, which was the second-largest crypto exchange in the world – just last week. Reports have filtered in that regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are “probing” FTX.us… Read More

November 9, 2022 @ 10:46 am By JD Alois  |  

Jeremy Allaire, the CEO and founder of Circle – the issuer of dollar-based stablecoin USDC, has posted on Twitter his thoughts on the FTX – Binance drama. The rapid collapse of FTX, and the need to beg for a bailout by Binance, has called into… Read More

November 9, 2022 @ 10:33 am By JD Alois  |  

The rapid demise of FTX, once the second-largest crypto exchange in the world, continues to impact crypto markets and the industry in general. Bitcoin is now at a year-to-date low, trading at around $17,700. FTT, the native digital asset of FTX, has cratered, trading at… Read More

November 8, 2022 @ 10:30 pm By JD Alois  |  

The dust has yet to settle, and the deal has not yet closed, but Binance’s rapid acquisition of FTX following a liquidity crunch is questioning the entire crypto ecosystem. Just last week, FTX appeared to be Teflon against any attacks lobbed against the digital asset… Read More

November 8, 2022 @ 4:53 pm By JD Alois  |  

Following the news that Binance will acquire FTX.com due to liquidity problems, Congressman Patrick McHenry, the ranking Republican member on the House Committee on Financial Services, has issued a statement that there is a need for Congressional action. McHenry has long been supportive of Fintech… Read More

November 8, 2022 @ 11:26 am By JD Alois  |  

The dust-up between Binance and FTX has turned into a bit of a shit show. In the past days, Binance founder and CEO Chengpeng “CZ” Zhou – announced via Twitter it would be selling its FTT, the native token of FTX received from a past… Read More

November 7, 2022 @ 8:36 am By JD Alois  |  

  Sam Bankman-Fried, the CEO and founder of FTX, says a “competitor” is spreading false rumors about his company, adding that FTX is “Fine. Assets are fine.” Bankman-Fried made his claims in a series of Tweets. https://twitter.com/SBF_FTX/status/1589598284322328579?s=20&t=HvhVmAJpHWkGiSGKZ1MgYQ According to Bankman-Fried, FTX has enough assets to… Read More

November 6, 2022 @ 5:34 pm By Omar Faridi  |  

Binance claims that it exists “to make crypto available to as many people as possible, as well as to serve as the easiest-to-use infrastructure services provider in the blockchain industry.” As part of that mission, Binance has partnered with Ledger “to bring different strands of… Read More

October 24, 2022 @ 8:34 am By Omar Faridi  |  

Binance Custody, an institutional-grade digital asset custody solution, has onboarded risk management tools from TRM Labs, a key player focused on blockchain analytics and intelligence technology. The integration “enables Binance Custody to ensure its regulatory compliance and risk management program for client holdings through TRM’s… Read More

October 20, 2022 @ 9:02 pm By Omar Faridi  |  

Virtual currency trading company CrossTower continues to pursue a potential deal to acquire the assets of the once-leading and now-bankrupt Voyager Digital Ltd. out of bankruptcy, a lawyer for CrossTower noted at a court hearing on Wednesday (October 19, 2022). John Ashmead, CrossTower’s lawyer, a… Read More

October 19, 2022 @ 8:50 pm By Omar Faridi  |  

The Binance NFT Marketplace is pleased to be the official sales platform of an exclusive NFT collection created by the Kharkiv Art Museum in Ukraine. This cultural institution is “home to around 25,000 works of fine art, and the museum’s collection is recognized as one… Read More

October 18, 2022 @ 8:02 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider, announced the launch of a new series of crypto benchmarks, Binance CoinMarketCap (CMC) Index Series. The indices are designed “to enable users to better monitor and evaluate the performance of the crypto… Read More

October 12, 2022 @ 10:47 pm By Omar Faridi  |  

Binance is pleased to announce the signing of a Memorandum of Understanding (MoU) between Binance and the Financial Monitoring Agency of the Republic of Kazakhstan. The agreement “expresses signatories’ mutual interest in the safe development of virtual asset markets in Kazakhstan and creation of a… Read More