Summary: Paxos was ordered to stop minting Binance USD (BUSD) by the New York Department of Financial Services. The order coincided with the SEC’s plans to sue Paxos for selling unregistered securities in BUSD. CEO of the crypto exchange, Changpeng Zhao, noted that his company would review other projects to...
Binance’s CEO CZ issues a warning directed at Crypto Exchanges Crypto.Com and Gate.IO, “Stay Away, Stay SAFU” he says. The warning comes after the recent SBF FTX and Alameda collapse, which has shaken the crypto industry. Crypto.com’s CEO confirms that the exchange of funds, approx $400M was an accident that...
Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month high without a corresponding price growth. Following Binance CEO...
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: On 5 November, BNB clinched a new all-time high in its social contributors, social mentions, and social engagements. The rally in social activity is connected to its price rally in the last month. While the price might be up now, there are signs that a price reversal might be...
Summary: The price of popular memecoin DOGE rallied by over 100% in the last week, courtesy of Elon Musk’s Twitter acquisition. On-chain data assessment revealed that the current market is marked by buyers exhaustion. Key indicators on the daily chart suggested that a price reversal is imminent. Courtesy of Elon...
The BNB chain will undergo a temporary patch update in the form of a hard fork on October 12. The hard fork has been described as a temporary fix for its recent $100 million exploit. The Binance smart chain is gearing up to execute a new hard fork dubbed Moran...
Summary: CZ has defended his earlier tweet announcing a possible exploit on Unsiwap V3 that was later confirmed as being a false positive. According to CZ, he would rather be wrong than risk people losing money. He added that ‘speed is of the essence when dealing with security issues.’ The...
Summary: Binance.US has hired former Acorns COO and Paypal CFO Jasmine Lee as its new Chief Financial Officer. Binance.US CEO highlighted that the move would complement the crypto exchange’s plans for an IPO down the line, possibly from 2024 to 2025. Ms. Lee’s experience as a COO will be pivotal...
Summary: Binance has announced the launch of zero-fee Bitcoin for 13 spot trading pairs beginning July 8th until further notice. The discounted trading is part of the exchange’s fifth-anniversary celebrations. The 13 Bitcoin pairs are mostly against fiat and stablecoins on the exchange. Binance US also announced zero-fee Bitcoin trading...
Summary: Binance has stepped up the verification of users that have been potentially affected by the latest data breach. A hacker claims to have obtained the personal data of over 1 billion Chinese residents from the Shanghai police. The anonymous attacker seeks 10 Bitcoin on the dark web for 23...
