Key takeaways: Binance has stopped deposits and withdrawals of EGLD to investigate what it calls a potential security issue on the Elrond Network. Yesterday, a hack was reported on the Elrond Network resulting in the loss of $1.65 million worth of EGLD that was later sold on the Maiar Decentralized...
Summary: Binance has temporarily paused Bitcoin withdrawals on the exchange due to stuck transactions causing a backlog. The team is currently working on a solution, and further explains that the backlog is being caused by a batch of Bitcoin transactions with low transaction fees. Bitcoin withdrawals on other networks (BEP20...
Summary: Binance CEO, CZ, has said that the exchange has a healthy war chest to get through the ongoing crypto winter. CZ also reiterated that Binance is hiring right now. He also pointed out that Binance is frugal, avoiding expensive spending like Super Bowl advertisements. Binance CEO, CZ, has stated...
CoinMarketCap has partnered with Hello Labs to launch Killer Whales, a crypto reality show inspired by Shark Tank. The show will see Web3 entrepreneurs pitching their projects to crypto industry experts.
Summary: Binance CEO, CZ, has pointed out that Elon Musk being sued does not necessarily mean he is guilty. CZ was responding to an article by the team at CoinMarketcap on the ongoing $258 billion lawsuit against Elon Musk, Tesla, and SpaceX for playing a role in running a ‘Dogecoin...
In summary: Earlier today, the engineering team at Binance successfully completed an upgrade of the trading platform. Binance CEO, CZ, explained that this was the largest upgrade to date. The team switched the matching engine to a new programming language that would make the platform 10x faster. The changes were...
Quick take: Binance has launched its official fiat-to-crypto payments provider Known as Bifinity, the platform will be powered by Binance Bifinity has partnered with EQONEX, a Nasdaq listed crypto exchange Bifinity has also partnered with Safepal and Zilliqa to offer fiat on and off-ramp solutions to their user base The...
Quick take: Filecoin’s mainnet will be launched today, October 15th at 2:45 pm UTC Binance, Gemini, KuCoin, Kraken and Huobi will list Filecoin (FIL) Filecoin aims at revolutionizing the decentralized storage industry The highly anticipated Filecoin (FIL) mainnet will be launched today, October 15th, at 2:45 pm ending a three-year...
Quick take: Binance is planning to scoop up businesses that operate in traditional markets to boost crypto adoption This follows Binance’s $200 million strategic investment in Forbes Earlier this month, CZ met with various UK policymakers in Westminister Binance has slowly been warming up to regulators across the globe The...
Quick take: Binance has launched a DeFi composite Index perpetual contract The DEFI/USDT index will go live on the 28th of August, 7 am UTC The index is made up of 10 DeFi tokens: BAND, COMP, KAVA, KNC, LEND, LINK, MKR, SNX, SXP and ZRX As with all indices, its...
Binance CEO Changpeng Zhao took to Twitter earlier today to announce that his exchange will be getting rid of its FTX Token (FTT) holdings. The announcement comes after days of speculation and FUD about FTT. As for the timeline of this sale, CZ stated that it will be spread out...
Summary: Binance has received in-principle approval to operate in Abu Dhabi as a broker-dealer in digital assets However, Binance needs to complete the application process A full license means Binance will provide virtual asset services to customers across the Middle East and Northern Africa (MENA) UAE has proven to attract...
