Archives

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

October 7, 2022 @ 9:44 am By JD Alois  |  

Late yesterday, BNB Chain – part of Binance, announced that they were temporarily halting BSC or BNB Smart Chain, following “irregular activity” which was later described as a “potential exploit.” The price of BNB dropped on the news. The thread was updated to indicate that… Read More

September 22, 2022 @ 12:15 am By Omar Faridi  |  

Binance, the global blockchain services provider, has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), following the issuance of its provisional license in March 2022. The MVP license “means that Binance can offer an approved range of virtual asset-related… Read More

September 6, 2022 @ 5:22 pm By JD Alois  |  

As was reported earlier, Binance has decided to remove competing stablecoins on its exchange and replace them with its homegrown version BUSD. In a corporate statement, Binance said it would “auto convert” holdings in dollar-based stablecoins with BUSD later this month. Paxos, a regulated “blockchain… Read More

September 6, 2022 @ 12:18 pm By JD Alois  |  

Binance has cut loose competing stablecoins including USDC, USDP (Paxos), and TUSD (TrueUSD). USDC, issued by Circle is the second largest dollar-based stablecoin after USDT (Tether) and may receive the brunt of the change. In a corporate statement, Binance said it would “auto-convert” these stablecoins… Read More

September 4, 2022 @ 11:57 pm By Omar Faridi  |  

Binance Australia, the fiat-to-crypto platform for trading cryptocurrencies in Australian Dollars(AUD), announced the appointment of Leigh Travers, former DigitalX CEO and Director, as Chief Executive Officer. Travers has spent the last seven years “playing a pivotal role in building products and growing networks for DigitalX… Read More

August 28, 2022 @ 7:23 pm By Omar Faridi  |  

On August 17, 2022, Binance and the Securities and Exchange Regulator of Cambodia (SERC) held a workshop designed “to deepen SERC officials’ understanding of the digital asset space.” Binance has once again “reaffirmed its commitment to establishing productive collaborations with SERC and sharing its vast… Read More

August 17, 2022 @ 10:32 am By Omar Faridi  |  

Binance is pleased to announce that the firm has “received in-principle approval from the Astana Financial Services Authority (AFSA) to operate a digital asset trading facility and provide custody in the Astana International Financial Center (AIFC).” In-principle approval from AFSA still “requires Binance to complete… Read More

August 12, 2022 @ 7:19 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has made “a strategic investment in Web3 infrastructure provider Ankr.” The funds will go toward “ramping up the work on Ankr’s remote procedure call (RPC) service and building out its Web3 developer suite.” Ankr has… Read More

August 4, 2022 @ 8:54 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange, recently announced the appointment of its Co-Founder Yi He “as the new head of its venture capital (VC) arm and incubator, Binance Labs.” Binance CEO CZ (Changpeng Zhao) stated: “As… Read More

July 5, 2022 @ 6:20 pm By Omar Faridi  |  

Binance Labs, the VC division and accelerator of Binance, and Republic co-led the seed funding round of Magic Square, the first “community-driven” Web3 multi-chain crypto app store. Magic Square provides Web3 solutions “to make crypto more accessible for all.” Users can discover and experience various… Read More

June 20, 2022 @ 10:24 pm By Omar Faridi  |  

Binance Custody recently announced official support for deposits and withdrawals for IOST, “among other tokens.” With this, IOST joins the list of supported digital tokens in the secure, “regulated,” and insured custody service for the safekeeping of virtual assets services for institutional clients “provided by… Read More

June 20, 2022 @ 10:47 am By Omar Faridi  |  

Binance Pay, a contactless, borderless, and secure user-to-user cryptocurrency payment feature by Binance, recently announced its partnership with Splyt, a superapp enabler with a network of partners in more than 150 countries. The partnership will “allow Binance users to seamlessly access ride-hailing services and experiences… Read More

June 15, 2022 @ 2:04 pm By JD Alois  |  

Multiple Fintechs have recently announced layoffs due to the faltering economy and rising interest rates. Most people are predicting a recession – one that could be long and hard. Due to the current economic malaise and forward expectations, companies like Coinbase, BlockFi, and others have… Read More

June 13, 2022 @ 8:23 am By JD Alois  |  

Changpeng Zhao (CZ), founder and CEO of Binance – the world’s largest crypto exchange has tweeted that Binance has “temporarily” halted withdrawals of Bitcoin. CZ said the pause was due to a technical glitch and all funds were safe – adding that things should be… Read More

June 8, 2022 @ 11:17 am By JD Alois  |  

The Securities and Exchange Commission (SEC) is investigating the BNB token, issued by the world’s largest crypto exchange Binance. This is according to a report by Bloomberg and should come as no surprise to anyone as the SEC has long messaged their view that just… Read More

June 1, 2022 @ 11:49 am By JD Alois  |  

Binance has raised a new venture fund targeting Web3 and other blockchain technologies. According to a statement issued by Binance Labs, the VC arm of Binance, the $500 million fund saw the participation of global institutions including DST Global Partners, Breyer Capital, as well as… Read More