Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the several NGOs that have managed to secure donations to help the war-stricken country distribute emergency resources and push back against Russian invasion. However, concerns...Read More
Arguably the best boxer of all times – Mike Tyson – will launch a Mystery Box NFT collection via Binance NFT (the non-fungible token marketplace of the crypto exchange). The sale begins on April 5, 2022, at 11:00 UTC. “Iron Mike” Joins the NFT Craze Over the past several months, non-fungible tokens have emerged as...Read More
Cryptocurrency exchange giant Binance has been announced as the official crypto partner of the Recording Academy, the company which organizes the Grammy Awards. Binance Expands to the Music Industry The Recording Academy released an official list of its partners for the upcoming 2022 Grammy Awards. Binance, which is among the sponsors, said it is the...Read More
After collaborating with the world’s largest crypto exchange – Binance – Sarath Ratanavadi’s electric power generation company has announced plans to invest directly in digital assets. To do so, the firm has established a designated subsidiary. The company filed documents to the Stock Exchange of Thailand informing that it had set up Gulf International Investment...Read More
What’s worse than having money in your account and then suddenly receiving an email saying that you can’t access it because it presumably comes from illicit activities? That is what happened to a group of young Colombians who used to trade crypto in Binance —and they are not too happy about it. For more than...Read More
The world’s largest cryptocurrency exchange – Binance – has reportedly forbidden users in Ontario, Canada, to open new accounts on the platform. The tension between the company and the local financial regulator peaked last summer when the former quit the region. Restrictions for Ontario Clients In June 2021, Binance announced its decision to withdraw from...Read More
The latest Arab nation to open its arms to Binance is Dubai, however, crypto trading on the world’s largest exchange won’t be for everyone. The company stated that the virtual asset license permits it to extend “limited exchange products and services” to approved investors and professional financial service providers. The license enables Binance to operate...Read More
The world’s largest cryptocurrency exchange, Binance, has been awarded a crypto-asset service provider license from the Central Bank of Bahrain (CBB). As the company continues to face increased scrutiny from financial watchdogs elsewhere, CEO CZ stated that this license is a milestone in the platform’s “journey to being fully licensed and regulated around the world.”...Read More
Binance Holdings Ltd. is currently in deliberations over a license to operate in Dubai, thereby boosting its presence in the Middle East. This was first reported by Bloomberg, citing a ‘person familiar with the matter’. Binance anticipates an accreditation to operate as a service provider in the Dubai World Trade Centre ‘free zone’ as soon...Read More
The world’s largest cryptocurrency exchange has released its fiat-to-crypto payments provider called Bifinity. The company aims to help other businesses become “crypto-ready” by allowing them to transfer funds directly through the new feature. The official press release from the company informed that Bifinity supports more than 50 digital assets and all major payment methods. These...Read More
Binance has just donated to help the children of Ukraine in their country’s ongoing war against Russia, joining a growing wave of individuals within the crypto ecosystem who are giving money and taking a stand for the country’s struggle. Binance Charity, the non-profit charitable arm of Binance, announced a $2.5 million cryptocurrency donation to UNICEF....Read More
The world’s leading digital asset exchange – Binance – does not intend to freeze the accounts of Russian-based individuals, a spokesman for the platform revealed. He further argued that “crypto is meant to provide greater financial freedom,” and such a move could oppose the concept of the industry. In-Line With Kraken Russia’s “special military operation”...Read More
The new brand, meaning Build and Build (BNB), will consist of BNB Beacon Chain (previously known as Binance Chain) and BNB Smart Chain (previously BSC), explained the exchange. Upon launching Binance Smart Chain during the DeFi boom in 2020, the world’s leading crypto exchange faced criticism over developing a decentralized ecosystem that was actually too...Read More
The world’s largest cryptocurrency exchange continues with its expansion as this time it aims at one of the most well-known magazines and digital publishers – Forbes. Binance has agreed to invest $200 million in the century-old company to help it merge with a SPAC. Citing unnamed sources, CNBC reported on February 10th that the Changpeng...Read More
The world’s largest cryptocurrency exchange, Binance, has signed a Memorandum of Understanding (MoU) in a bid to develop a strategic partnership with prominent South Korean multinational entertainment corporation – YG Entertainment Inc. (YG). Binance – YG’s Strategic Partnership According to the official blog post, the two companies will collectively work on a myriad of blockchain...Read More
A few years after launching the Secure Asset Fund for Users (SAFU) initiative, Binance has updated it, and its value rose to $1 billion. This comes amid the growing number of hacks and security breaches in the cryptocurrency industry. The announcement from the company described the product as an “emergency insurance fund” established by the...Read More
Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network than ever before. According to a blog post from Binance, the burn removed 1,684,387.11 BNB. At the time of writing, that’s $798,887,962 worth of tokens. 6296 of...Read More
The State Bank of Pakistan (the nation’s central banking institution) and the Federal government are reportedly contemplating imposing a complete ban on all cryptocurrency endeavors. The authorities claimed that digital assets are illegal, are not able to facilitate trade activities, and could be used to finance acts of terrorism and launder money. Pakistan to Ban...Read More
The world’s largest digital asset trading venue – Binance – announced it partnered with the Confederation of African Football (CAF). As a result, the company became the official cryptocurrency and blockchain sponsor of the 2021 TotalEnergies Africa Cup of Nations (AFCON) tournament. The latter is the most significant soccer championship on the continent – this...Read More
Bloomberg Billionaires Index has estimated the net worth of the Binance chief CZ to be at a whopping $96 billion. He is now the world’s richest crypto billionaire after surpassing some of the most popular names in the tech industry. From Flipping Burgers to Becoming a “Fixture” in the UAE It all started when Bobby...Read More
The world’s leading digital asset exchange has agreed to acquire the outstanding shares of the cryptocurrency visa card issuer – Swipe. After finalizing the deal, the latter’s CEO will step down and leave Binance. CryptoPotato reported back in July 2020 when Binance purchased the majority of shares of the Visa card issuing platform Swipe. At...Read More
As the year is inching close, the world’s largest cryptocurrency exchange, Binance, has secured an MSB license to offer cryptocurrency services from the Candian regulatory authorities. On the same day, the company also received in-principle approval from the central bank of Bahrain. Glad Tidings for Binance According to the official filing with the Financial Transactions...Read More
The cryptocurrency exchange giant Binance announced the implementation of a new BNB Auto-Burn mechanism. The aim is to provide greater transparency and predictability to the BNB community. BNB Auto-Burn is also designed to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities. According to...Read More
Binance, the world’s leading cryptocurrency exchange, has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to lay down the vision of accelerating the set-up of a new hub for the digital asset industry. CryptoPotato reported earlier that Dubai authorities declared that the Dubai World Trae Center will become a comprehensive zone, as...Read More
The world’s leading crypto exchange – Binance – collaborated with a consortium led by MDI Ventures – a multi-stage venture capital firm backed by Telkom Indonesia. The duo’s mission is to expand the blockchain ecosystem in the Asian country by establishing a new digital asset exchange. Binance Builds Presence in Indonesia As reported last week,...Read More
The world’s largest digital asset trading venue – Binance – considers doubling its presence in Asia by setting up a blockchain innovation hub in Singapore. On the other hand, the company intends to withdraw its application for a crypto-exchange license in the city-state. Binance.sg will shut down its operations on February 13, 2022, as all...Read More
The world’s largest digital asset exchange – Binance – reportedly plans to work with Indonesia’s richest family – the Hartono brothers – to establish a cryptocurrency venture on the island. The endeavor would enable the company to enter into a developing country with a population of around 273 million, many of whom lack access to...Read More
Binance Asia Service (a.k.a Binance.sg), the Singaporean arm of the world’s leading cryptocurrency trading venue, has invested in the private securities exchange – HG Exchange (HGX) – on December 8th. Binance’s Strategic Stake According to the official press release, BAS revealed an 18% post-money stake in HGX. Richard Teng, the CEO of Binance Singapore stated...Read More
Binance Smart Chain (BSC) recently activated BEP-95, which integrates a real-time burning mechanism into its tokenomic structure. From now on, a fixed ratio of gas fees collected by BSC validators will be burned in each block. The Real-Time Burn Begins BSC announced the new mechanism’s launch over Twitter earlier this week. Its burn ratio –...Read More
The world’s leading cryptocurrency exchange, Binance, has opened up about the entire fiasco that was endured by Dogecoin Core maintainers and the company during the wallet upgrade. In its blog post titled, “The Inside Story on DOGE withdrawals,” Binance revealed what actually transpired and how no one was at fault. Dogecoin (DOGE) withdrawals Inside Story...Read More
