binance

Binance Launches VIP and Institution-focused Platform

Binance has announced launching its new flagship platform for VIP and institutional users. With the new platform, dubbed “Binance Institutional,” the crypto exchange giant aims to upgrade its institutional offerings and services. The entities Binance is targetting with its latest offering include corporates, asset managers, brokers, hedge funds, family offices, high-net-worth individuals (HNWIs), liquidity providers, proprietary...
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Binance Partners With Soccer Legend Cristiano Ronaldo to Launch Exclusive NFT Collections

The world’s largest cryptocurrency exchange, Binance, has signed an exclusive multi-year NFT partnership with soccer legend Cristiano Ronaldo, according to an official announcement from the company. Cristiano Ronaldo is one of the greatest players in soccer history, with five Ballon d’Ors and more than 800 career goals under his belt.  The Portuguese forward is loved...
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Binance CEO Denies Providing 3AC a Credit Line After its Failure

Binance CEO Changepeng Zhao (CZ) has stated that his exchange was not the primary trading venue for the faltering hedge fund Three Arrows Capital (3AC). It also did not extend any lines of credit to the fund for a bailout. The Types of Bailouts As tweeted by Wu Blockchain on Wednesday, the South China Morning...
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Binance US Offers Zero Trading Fees for Bitcoin Spot Pairs

Binance US – the US-based division of the world’s largest crypto exchange – announced a new pricing model that offers zero fees for four bitcoin trading pairs, including BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. The crypto giant becomes the first American exchange that makes such a service available to its users. The elimination of such trading...
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Major Crypto Exchanges Went Offline as Cloudflare Suffered Another Outage

Earlier today, web infrastructure platform Cloudflare suffered another major outage causing half of the Internet to collapse, crippling major communication platforms and crypto exchanges, including Discord and FTX. Major Crypto Exchanges Went Offline During the Cloudflare outage, which lasted for 25 minutes, crypto users who tried to access the websites of service providers like FTX,...
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Binance Eyes South Korea Re-Entry 17 Months After Exit

Leading cryptocurrency exchange Binance said it is considering relaunching its services in South Korea 17 months after the platform stopped serving traders in the country. Binance CEO Changpeng Zhao (CZ) revealed the company’s intentions to Korean media Maeil Economic Daily at the VivaTech 2022 event in France. Binance Considers South Korea Re-entry This is the...
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Binance CEO Still Supports Elon Musk’s Twitter Bid

Changpeng Zhao – CEO of Binance, the world’s largest crypto exchange – has reaffirmed his support for Elon Musk’s plan to buy out Twitter. He also went deep on Binance’s current financial position, explaining that the exchange is more than prepared for the bear market. ‘If He’s Off, We’re Off’ In an interview with Bloomberg...
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Litecoin MimbleWimble Delisted by Several Exchanges for Being Too Privacy-Protecting

Korean crypto exchanges Upbit and Bithumb announced in public notices to users that they will drop Litecoin (LTC). Upbit will stop trading pairs with Litecoin on June 20th and give users one month from then to withdraw the asset. Bithumb has already stopped accepting LTC deposits as of June 8th. Furthermore, the exchange is giving...
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Binance Is Expanding Hirings Amid Falling Crypto Market

Amid heightened inflation concerns, investors are steering away from riskier assets. Crypto declines are closely tracking the equity market, and given the current fragility, negative sentiment across the space is palpable. But Binance CEO CZ believes crypto winter is a great time to hire people. At the Consensus 2022 conference, the chief executive revealed now...
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Funds Are SAFU: Binance Pauses Bitcoin Withdrawals Due to Network Backlog

Bitcoin and cryptocurrency sell-off has heightened with no signs of a respite. Amidst the ongoing mayhem, Binance temporarily halted Bitcoin withdrawals on the BTC network specifically – withdrawals through other networks such as BEP20 are working as intended. “Binance has temporarily paused #Bitcoin withdrawals on the $BTC network. Meanwhile, you can still withdraw BTC on...
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Investors File Class Action Lawsuit Against Binance US Following LUNA-UST Fiasco

A new class-action lawsuit filed against the US branch of the largest cryptocurrency exchange alleges the company of misleading investors and illegally allowing the sale of unregistered securities – LUNA and UST. Filed in the Northern District of California on Monday by law firms Dontzin Nagy & Fleissig and Roche Freedman, the lawsuit reads that...
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Binance Partners With Malaysian Exchanges to Accelerate Crypto Adoption (Report)

The world’s leading cryptocurrency platform – Binance – reportedly revealed intentions to join forces with Malaysian exchanges to boost the local digital asset sector. Malaysia Could Benefit From Binance’s ‘Robust’ Platform Binance has displayed its ambition to strengthen its global presence, and South East Asia is among its key targets. Three months ago, it made...
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Binance Joined Forces With Vietnam Blockchain Association to Boost Crypto Development

The Vietnam Blockchain Association partnered with the world’s largest cryptocurrency exchange – Binance – to boost the development of blockchain technology in the Asian country. The two parties will also establish connections with other tech companies across the globe. Striking a Deal With Binance The cryptocurrency industry has found a welcoming location in the face...
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Binance Labs Introduced a $500 Million Fund to Focus on Web3 Companies

The venture capital and innovation incubator of Binance – Binance Labs – raised $500 million for its first start-up fund and intends to invest the sum into entities part of the Web3 ecosystem. Bullish on the Web3 Universe The multimillion fund was led by the American venture capital firms DST Global and Breyer Capital. Other...
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BNB Chain Lays out its Future Plan Focusing on Decentralization and Interoperability

To address the criticism of centralization over its Binance Smart Chain (BSC), Binance in February announced the merge of BSC and BNB Beacon Chain (previously known as Binance Chain) to form the Build N’ Build (BNB) Chain – which was branded as more decentralized and with higher scaling capabilities. BNB Chain put out its technical...
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Former Binance Executives Launch $100M Fund for Blockchain Startups

Former senior executives at the leading crypto exchange, Binance, recently unveiled a $100 investment fund targeted at investing in Web 3.0 and blockchain projects. According to a Thursday press release shared with CryptoPotato, the $100 million fund, dubbed Old Fashion Research (OFR), is a multi-strategy blockchain investment product founded in late 2021. It focuses on...
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Do Kwon’s Controversial Proposal for Terra’s “Rebirth” Approved, Launch Date Revealed

Do Kwon’s proposal to revive the beleaguered Terra blockchain has been approved. The controversial Terra proposal 1,623 received a 65.5% approval rate with over 200 million votes in favor. While 20.98% abstained from voting, the “no with veto” votes comprised 13.20%. Terra’s Rebirth This will essentially lead to the creation of a new Terra chain...
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Just a Hunch? Analysts Point to an Uptick in Crypto Insider Trading

Difficult to prove, yet often suspected, insider trading has been a staple practice of dishonest investors ever since the stock markets took off. Over time, regulators like the SEC were founded in order to fight the phenomenon – despite it being an elusive one hard to pin on a perpetrator. This is due to the...
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Optimism Introduces Bedrock as Layer 2 Upgrade

Ethereum layer-two (L2) scaling solution Optimism announced an upgrade called Bedrock on its network, with the benefits of lower fees and faster speed for transactions completed through the Optimistic Rollup. The new feature is designed to be the first EVM-based rollup with Ethereum’s level of security and a much cheaper cost for transactions. Bedrock Arrives...
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Binance Seeks to Strengthen its Legal Team

Amidst growing uncertainty caused by the bearish run across most cryptocurrencies over the past few weeks, Binance – the leading exchange in terms of volume – is looking to heavily shore up its defenses in case of any possible inquiries from regulatory bodies. However, this could also be an indicator of the company planning to...
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Binance Recovered $5.8 Million From the Axie Inifity Hackers, Says CZ

Binance’s CEO reported earlier today that the company recovered nearly $6 million out of the $600 million stolen in the hack against the Ronin Network. These are among the first funds on the move since the exploit took place roughly a month ago. CZ took it to Twitter on April 22 to inform that the...
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Binance Hires Former FCA and FINRA Regulators to Strengthen Global Compliance Efforts

World-leading crypto exchange Binance has announced the hiring of former Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA) members to its team. The two are intended to help the exchange enhance its regulatory compliance with jurisdictions around the globe. According to a press release shared with CryptoPotato, Steven McWhirter (FCA) will join the...
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WazirX CEO, COO Move Out of India to Dubai: Report

A news report suggesting that India’s hostile policy towards the digital asset sector is leading to an exodus of crypto-entrepreneurs from the country has said that Nischal Shetty and Siddharth Menon, both co-founders of WazirX, have left India along with their families for Dubai. Shetty and Menon are CEO and COO at WazirX, respectively. The...
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Binance Burns Another $740M Worth of BNB, CZ Says It Proves Deflationary Mechanism

The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the trading venue – argued that the process proves the deflationary nature of the asset. BNB Chain (BNB) – the native token of the world’s largest...
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Thailand’s Leading Power Company Gulf Energy Invests in Binance US and BNB

Thailand’s Gulf Energy Development Public Company Ltd. recently announced that it had made a significant investment in the US affiliate of the leading cryptocurrency exchange, Binance. Gulf Invests in Binance US and BNB According to a regulatory filing with the Thailand Stock Exchange today, the Thailand-based energy company revealed that it had invested in “Series...
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Binance Opens its Web 3.0 Space in France

Binance, the biggest crypto exchange by trading volume, announced plans to expand its investments and operations into France’s STATION F, the largest startup campus in the world. Changpeng Zhao (CZ), founder and CEO of Binance, described the new space as the creative and innovative launchpad of his company’s footprints in Europe. The ‘Objective Moon’ initiative...
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Binance CEO CZ Calls India Natural Frontrunner in Web3 Startups

Underscoring the role of India in web3 and the metaverse, Binance Founder and CEO Changpeng Zhao said the nation is a “natural frontrunner” in the evolution of the next generation of blockchain applications. “India is a huge market, as well as a leader in technology, and therefore will be a natural frontrunner for web 3...
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Binance Obtains In-Principle Approval From the Abu Dhabi Global Market

Less than a month after receiving a limited crypto asset license in Dubai, the world’s leading cryptocurrency exchange obtained an In-Principle Approval from the Financial Services Permission of Abu Dhabi Global Market. The press release shared with CryptoPotato informed that the new licensing will allow Binance to operate as a broker-dealer for cryptocurrencies within the...
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Binance Temporary Suspends Solana Withdrawals

Binance said that it was aware of the current issues regarding withdrawals on the Solana network and has halted withdrawals for the time being. The platform revealed that it was working with the project team to resolve the issues. No other details have been divulged at the time of writing. Binance tweeted, “SOL withdrawals may...
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Binance US Valued at $4.5B Following a $200M Fundraising Round

Binance US, the cryptocurrency exchange affiliated with the world’s largest cryptocurrency exchange, is now worth more than $4.5 billion after it raised over $200 million from a mix of VCs and crypto-native firms, including Circle Ventures, VanEck, and Foundation Capital. The newly raised capital will be reportedly used by the exchange to improve its spot...
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