Binance News
Binance-FTX Purchase Aftermath: Bitcoin Hits New Low Since 2020
Binance to buy rival cryptocurrency exchange FTX. Bitcoin fell below $19,000 at a 10% loss after the announcement. Major cryptos dropped in value including ETH losing 15% and SOL falling...
CEO SBF Opens up After Binance Agrees to Acquire FTX
SBF breaks silence on FTX being acquired by Binance. The financial terms of the transaction have not been determined. Zhao signed a non-binding LOI to fully acquire FTX and help...
The Face-off between Binance and FTX Crypto Exchanges Explained
Binance is liquidating its whole FTT token holding as an exit risk management. Investigative reports revealed that FTX’s balance sheet contains FTT tokens with fewer independent assets. Analysts say the...
Binance To Liquidate Its FTX Tokens As Post-Exit Risk Management
Changpeng Zhao announced that Binance would be liquidating all of its FTT holdings. Zhao confirmed that the move was a part of Binance’s plan to exit from FTX equity. Binance...
Binance to Bridge the Financial World and Crypto via Acquisition
Changpeng Zhao said Binance might acquire traditional banks to bridge with the crypto industry. The Exchange believes it is a clever move to capture some of the equity upsides. Binance...
Binance CEO Instructs Team to Monitor In-flow from Hacked Exchange
Deribit derivative crypto exchange was hacked and lost over $28 million. Binance CEO asked his backend team to monitor and freeze funds from the attacked sources. The attack only affected...
Binance Plans a Team to Solve Twitter Bolt Crisis via Blockchain
Binance is assembling a crew to solve Twitter bot issues via an on-chain solution. The crypto community thinks DOGE may become an official utility token on Twitter. Previously, an engineer...
Binance CEO To Stick To $500M Backing Of Elon Musk’s Twitter Deal
Binance CEO will financially back Elon Musk’s Twitter purchase. Changpeng Zhao promised to put $500 million toward Musk’s Twitter bid. Musk plans to make Twitter more decentralized. Leading cryptocurrency exchange,...
BNB Chain Leads the Pack in Crypto Scams and Rug Pulls
The BNB Chain is the leader in Crypto Scams and Rug Pulls. On the network, roughly 12% of the BEP-20 tokens were linked to fraud. Binance representative says that they...
Binance Launches CBB-Regulated Branch Platform in Bahrain
Today, Binance launches its Bahrain platform, binance.bh. Binance Bahrain platform will be a fully regulated platform by the CBB. Bahrain users can access Binance’s full range of regulated crypto-asset exchange...
Binance Close To Figuring Out Hacker Behind $570M Crypto Attack
Binance was attacked by a hacker withdrawing $2 million in BNB tokens totaling to $570 million. The crypto platform is “narrowing down” the hacker’s identity after receiving tips from law...
Whales Massively Accumulate Bitcoin via Binance & Coinbase
CryptoQuant CEO said wealthy investors are massively trading BTC on Binance. Binance controls 84% of BTC trading volume, while Coinbase takes only 9%. There is a tendency for a bullish...
Binance USDC-BUSD Conversion Begins ‘Second Great Stablecoin War’
FTX’s Bankman-Fried said Binance’s auto conversion of USDC to BUSD sparks a stablecoin war. In 2018, stablecoins battled for dominance, with USDC and USDT edging out TUSD, GUSD, and USDP....
Binance Registers As Crypto Asset Service Provider In Cyprus
Binance gains crypto asset service provider registration in Cyprus. The exchange can now offer spot, custodian, staking, and card services in Cyprus. Binance shared an updated list of countries eligible...
Terra ClassicUSD Rises By 12% in a Backdrop of Falling Prices
Terra Classic USTC observes a 12% rise in value in 24 hours. The hike comes after low tax burn rates get approved. USTC trading volume increased by 180%. The Terra...
Crypto Podcaster Cobie Criticizes Binance and FTX for Listing Aptos
Cobie from UpOnly has criticized FTX and Binance for listing Aptos. Aptos made its debut on the mainnent on October 17. Another critic says Aptos currently has a lower TPS...
Binance CEO Has Been Implicated in A Special Investigative Report
Reuters accused Binance CEO of using shady means to avoid UK and US regulators. The report reviews corporate emails, texts, and papers in the last five years. Reuters alleged that...
Crypto Exchange Binance Burns $547M Worth of Native Tokens
Binance has burned $547 million worth of BNB tokens in its 21st quarterly burn event. The crypto platform burned 4,833.25 BNB additionally through the Pioneer Burn Program. The burning event...
Binance Research Finds Possible Concerns in Current L2 Space
Binance Research team outlines possible issues on Ethereum due to L2. The team expects that as L2 continues to grow, it could pose risks to the network. They predict the...
Binance Helps To Trace $4.2 Million in Crypto Donations to Russia
Binance joins concerned authorities to track $4.2 million in crypto donations to Russia. Chainalysis found Telegram posts from Rusich, Rybar, and Southfront. Researcher said the funds were used to pay...
ETHW Down 86% from ATH Despite Binance Mining Pool Debut
ETHW is down 86% from its all-time high. The token continues to tumble despite recent developments like Binance launching an ETHW mining pool. After a rocky launch, the price continues...
Binance To Adopt On-Chain Governance Votes to Curb Future Threats
Citing the recent attack Binance adopts on-chain governance. Binance pauses all transactions citing a spike in irregular activity. CZ estimated a total loss of $100 -110 million. Following the recent...
The Way Binance Handled Hack Should be Standard: Crypto Influencer
Influencer applauds Changpeng Zhao’s mode of handling the cross-chain bridge hack. “The way Binance and CZ handled this hack should be standard,” says Crypto King. BNB Smart Chain (BSC) resumes...
Crypto Exchange Binance Adds XRP To Dual Investment Products
Binance added XRP to their list of Dual Investment products. The largest crypto exchange also launched a new batch of Dual Investment products. The subscription will start today at 10...
Binance Signs MoU with Financial Monitoring Agency of Kazakhstan
Binance signs an MoU with the Financial Monitoring Agency of Kazakhstan. “Binance has the most robust compliance program in the industry”, says VP Tigran. Both parties consent to co-operate and...
