Quick take: CZ has denied claims published in a Reuters article that Binance shared Russian user data with FSB agencies and regulators According to Reuters, the Russian agency, Rosfin, was seeking to trace millions of dollars in Bitcoin raised by jailed opposition leader Alexei Navalny CZ has clarified that as...
Quick take: CZ believes that UST’s depegging and massive LUNA inflation could have been avoided had the LFG deployed its reserves when the de-peg was at 5%. According to CZ, the Terra team was very slow and infrequent in communicating with the community during the crisis. He also stated he...
In summary: The CEO of Binance, Changpeng Zhao, is optimistic that anyone investing in crypto now, is still early in the game. CZ himself got into the game in 2014 after selling his house only for Bitcoin to crash soon after. He did not sell back then and believes a...
Quick take: At only 3 years old, the achievements of Binance are second to none in the crypto-verse. The exchange will be celebrating its 3 year anniversary by hosting a 10-hour long live conference on the 14th of July. Binance CEO, Changepeng Zhao, has explained that their success is hinged...
The Binance team was allocated 40% of the BNB minted during the ICO back in 2017 The 80 million BNB is now worth $37 Billion CZ has clarified that all team allocated BNB from the ICO will be burned Binance Coin (BNB) dropped to a local low of $428 due...
Quick take: The team at Binance will be considering ways of accelerating the BNB coin burn program The current BNB coin burn is done quarterly with the exchange destroying the equivalent of 20% of profits during that time period An accelerated coin burn program will have a positive effect on...
CZ has cautioned traders and investors against using tweets of rich people to trade He explained that most rich people do not become rich by doing things according to other rich people Elon Musk has updated his Twitter profile picture to one of an anime character with laser eyes and...
Binance Coin has become the third digital asset with a market cap above $100 Billion BNB’s market cap currently stands at $100.74 Billion Binance Coin is now worth more than Zoom, SnapChat, AirBus and GlaxoSmithKline Binance Coin printed a new all-time high of $666 – Binance rate – and could...
Quick take: In the third quarter of 2020, Binance has dived dip into DeFi BNB can now be staked to earn 60% APR and new tokens through the Binance Launchpool Binance has also set up a $100M incubator fund specifically for DeFi projects Binance Smart Chain is also live on...
Summary: CZ has announced via twitter, that there could be a fresh IEO in the pipeline via Binance Launchpad. BNB is the sole asset for IEO participation and demand for the asset could trigger a push back to $19. Binance Coin (BNB) was in the midst of a pullback after...
In brief: Crypto traders have lost $1.72 Billion in the last 24 hours of liquidations The single highest liquidation was a Binance Coin order worth $24 million The order was as a result of BNB dipping to $222 from $340 levels Binance Coin is clearly in overbought territory However, activity...
In summary: BNB staking will soon be available on the testnet of Binance Chain. Although via testnet BNB, Binance will distribute 3,000 BNB in prizes to participants. The team at Swipe has launched a $16 Million SXP airdrop to Binance Coin holders over a 12 week period. These two events...
