Binance

Cryptocurrency exchange Binance (CRYPTO: BNB) has 101% collateralization of its Bitcoin (CRYPTO: BTC) holdings, according to a report by the auditing firm Mazars. This means that Binance has more than enough BTC to cover customer deposits. According to a recent report by Mazars, as of November 22...

Binance (CRYPTO: BNB) CEO Changpeng Zhao has said that transaction fees account for 90% of the company's earnings. In order to provide a cleaner experience, Binance had eliminated all advertisements from the data site CoinMarketCap, which it had purchased in 2020, Zhao says. "We can turn...

Toko (CRYPTO: TKO), the native token of the Indonesian cryptocurrency exchange Tokocrypto is up more than 50% after reports said that Binance is in talks to acquire the exchange. What Happened: According to Tech in Asia, Pang Xue Kai, the CEO of Tokocrypto will vacate his position if the buyout by...

A series of linked attacks cost infrastructure provider Ankr and stablecoin issuer Helio Protocol a combined $20 million, according to an BlockSec investigation. Ankr's liquid staking token product was the subject of the first attack, which cost the company more than $5 million. According to...

Ethereum Proof of Work (CRYPTO: ETHW) is up 22%, making it the highest performer on CoinMarketCap's daily gainers' list. What Happened: At the time of writing, Ethereum (CRYPTO: ETH) was trading at $1,272, down 1.15%. Apex crypto Bitcoin (CRYPTO: BTC) was trading below the $17,000 mark,...

In the sixth burn batch of the Terra Classic (CRYPTO: LUNA) burn mechanism, Binance burned over 6 billion LUNC on Thursday, driving LUNC up more than 17% in the last 24 hours. What Happened: Binance burned $1 million worth LUNC tokens by sending them to a dead address. The transaction indicated a...

Binance (CRYPTO: BNB) has appointed accounting firm Mazars to verify its proof of reserves (PoR), weeks after the collapse of Sam Bankman-Fried's crypto exchange FTX. As part of the PoR upgrade, Binance chose Mazars — the accounting firm that worked for former U.S. President Donald...

Binance (CRYPTO: BNB) Chain will incorporate its non-fungible tokens (NFT) onto NFT marketplace OpenSea's Seaport protocol. The move will make it possible for BNB Chain producers who want to display and sell digital collectibles on OpenSea's marketplace to receive multiple creator rewards,...

A London High Court has ordered six cryptocurrency exchanges, including Binance, Coinbase Global Inc (NASDAQ: COIN), Luno, and Kraken to disclose users' data as part of a hacking investigation to trace $10.7 million stolen from an undisclosed UK-based exchange in 2020. Two of the six exchanges...

Binance, on Wednesday, acquired Sakura Exchange BitCoin (SEBC), a regulated Japanese crypto exchange, for an undisclosed amount. What Happened: Binance said that it now enters the Japanese market, as a Japan Financial Services Agency (JFSA) regulated entity, according to a blogpost.  The...

Binance saw most of the "dumb Bitcoin (CRYPTO: BTC) inflow" when it was first established in 2017.  A dumb money investor is an individual who makes poor investment decisions due to market hype or the fear of missing out. These investors usually purchase when the...

Binance has moved 127,351 Bitcoin (CRYPTO: BTC) worth $2 billion from its proof-of-reserves to demonstrate its control over a wallet, which received a huge transfer on Monday and sparked worries among cryptocurrency users. What Happened: Binance CEO Changpeng Zhao ...

Cryptocurrency exchange Binance has pledged another $1 billion towards its industry recovery fund, increasing the total amount of the fund to $2 billion, according to its CEO Changpeng Zhao. Zhao made the announcement on Friday. Along with other well-known crypto companies, Aptos Labs and Jump...

A crypto trader on Reddit explains how investors can redeem Binance’s stablecoin BUSD (CRYPTO: BUSD) in the unlikely event of the exchange collapsing. What Happened: Pseudonymous trader ‘Chymista Scepticus’ asked if “you have BUSD either on CEX (centralized exchanges) or...

In response to the FTX collapse, Binance CEO Changpeng Zhao “CZ” said they are allocating $1 billion in ‘recovery funds’ for six months to help address the liquidity crisis faced by crypto exchanges. What Happened: In an interaction with Bloomberg, CZ alleged that his...