Tagged: binance

December 19, 2022 @ 11:16 pm By Omar Faridi  |  

The world of blockchain and crypto is becoming ever more “integrated” into our everyday lives as the Web3 space continues to grow, according to an update from Binance. To help their users do more with their Binance account, the digital asset firm has partnered with… Read More

December 14, 2022 @ 11:35 am By JD Alois  |  

The Senate Banking Committee hearing on FTX, taking place today, has extended the discourse on the collapse of what was once one of the largest crypto exchanges in operation. While not involving any current FTX employees, testimony and perspective are being provided by four different… Read More

December 13, 2022 @ 11:20 am By JD Alois  |  

Nansen, a crypto and blockchain data provider, has sent over a graph of crypto outflows taking place on Binance. The visual charts activity from September 14, 2022 to December 13, 2022. According to Nansen, from the last 6 months to the last 24hrs, Binance’s withdrawals… Read More

December 13, 2022 @ 9:35 am By JD Alois  |  

The rising concern of more enforcement actions targeting crypto exchanges is taking a toll on the world’s largest centralized operation Binance, according to a report by Reuters.  Citing data provided by Nansen, it is being claimed that Binance has experienced $1.9 billion in withdrawals in… Read More

December 12, 2022 @ 12:07 pm By JD Alois  |  

Federal prosecutors are debating whether or not to file charges against the world’s largest crypto exchange – Binance, according to a report by Reuters. The US Department of Justice is undecided as to if they should pursue criminal charges against Binance, with an ongoing investigation… Read More

December 11, 2022 @ 5:08 pm By JD Alois  |  

For a brief moment in time, Chengpeng “CZ” Zhou, founder and CEO of Binance, and Sam Bankman-Fried founder of FTX and now disgraced former CEO, appeared to be frenemies. CZ indicated he would bail out FTX as the bank-run type event destroyed all liquidity at… Read More

December 9, 2022 @ 12:19 pm By Omar Faridi  |  

Binance Labs, the venture capital, innovation and incubation arm of Binance, is pleased “to announce that it is leading a private round II for GoPlus Security.” GoPlus Security claims it is “a leading Web3 security infrastructure provider that covers most of the major blockchain networks… Read More

December 8, 2022 @ 3:11 pm By Omar Faridi  |  

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.” All new and existing… Read More

December 3, 2022 @ 4:29 pm By Omar Faridi  |  

The team at Binance is pleased to announce that Binance Custody has “completed our SOC 2 Type 1 and SOC 2 Type 2 attestations.” Their completion demonstrates their commitment “to information security and privacy protection by closing the year with an array of security examinations.”… Read More

December 1, 2022 @ 11:23 am By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, announced it has “acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider.” Through this acquisition, Binance enters “the Japanese market, as a Japan Financial Services Agency (JFSA)… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 29, 2022 @ 4:55 pm By JD Alois  |  

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

November 27, 2022 @ 7:59 pm By Omar Faridi  |  

Binance‘s management has answered a few follow-up questions from the community about “how funds and wallets are managed at Binance.” Binance explains that it “holds all of its clients’ crypto-assets in segregated accounts which are identified separately from any accounts used to hold crypto-assets belonging… Read More

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 23, 2022 @ 10:32 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in and will be leading the upcoming Series A round of NGRAVE, a blockchain and digital asset security provider “specialized in user-friendly, maximum security solutions for crypto users, from creating… Read More

November 22, 2022 @ 10:14 am By JD Alois  |  

Aggregate crypto market value has dipped below $800 million, according to CoinMarketCap – the first time since the beginning of 2021. At one point in 2021, crypto markets were hovering around $3 trillion and thus have endured a spectacular decline in value. At one point… Read More

November 21, 2022 @ 11:34 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a statement addressing the bankruptcy of FTX, saying it would like to address some questions and “misconceptions.” Singapore is recognized as the top Fintech hub in Asia and is generally viewed as digital asset friendly. That being… Read More

November 20, 2022 @ 8:48 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, invested $4 million in Ultimate Champions, a Web3 sports game platform that will be “built on the BNB Chain.” Ultimate Champions will use the funds raised “to further develop its games, secure additional sports partnerships,… 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