New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.
Binance previously said the firm’s corporate holdings are recorded in separate accounts and should not form part of the proof-of-reserves calculations.
Binance has joined the U.S. Chamber of Digital Commerce, a trade group representing the blockchain and cryptocurrency industry.
The post Binance Joins US Trade Group to Help Form Crypto Regulations appeared first on BitPinas.
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations. $3 Billion Pulled Out From Binance at Peak, Nansen Data Shows Binance, the world’s largest […]
Shark Tank investor Kevin O’Leary said at the December 14 Senate Banking Committee on FTX’s collapse that Binance put the crypto exchange out of business.
The post Kevin O’Leary says Binance put FTX out of business appeared first on CryptoSlate.
Rarity rank is one of the key factors that many collectors consider when evaluating the demand for a specific NFT. Learn how it can help guide your buying decisions.
Binance gets a shoutout on Khaby Lame’s latest TikTok video! Sign up for a Binance account and learn about crypto and Web3 the smart way.
Get in the Festive Mood This #BinanceChristmas: 24 Days of Festive Surprises and Up to $1,500,000 in Rewards
Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment to commit up to $4.5 million to Ambit Finance, a DApp using novel structured financial products to enhance the utility of BUSD and other select crypto ass…
Earn BUSD rewards and enjoy up to 5% BUSD cashback with our new Spend to Earn program when you shop at over 50 participating merchants.
How To Check Your Verified Name On Binance P2P
We’ve revamped the Binance NFT Marketplace to further elevate user experience. Check out the new tools and features added to our upgraded NFT platform.
Binance secures Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA)
The only guide to Cristiano Ronaldo’s first-ever NFT collection you need.
There’s now a simple way to transfer funds between your Binance account and your Trust Wallet. Bridge the worlds of CeFi and DeFi with our new integrated features!
Mazars’ U.S. division was the longtime accounting firm for former United States President Donald Trump’s company.
The acquisition of Japanese Sakura Exchange BitCoin (SEBC) marks the first time Binance secures a license in East Asia.
The post Binance Secures Japan License by Acquiring Sakura Exchange BitCoin appeared first on BitPinas.
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wa…
Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500.
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency.
The legend is coming to Binance.
Transparency Matters: BUSD and Binance-Peg BUSD
New collection and mystery boxes available November 18 on Binance.com
Get an exclusive preview of Cristiano Ronaldo’s debut NFT collection.
Here are six principles that help to keep centralized exchanges safe and secure for users.
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according to the joint statement. Bipartisan Congressional Hearing to Be Held in December Over […]
While acknowledging the damage caused by FTX, Buterin believes that FTX CEO Sam Bankman-Fried, as a person, deserves love.
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.
On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets. Crypto.com CEO Kris Marszalek Shares Company’s Cold Wallet Addresses, Promises Full Audit Soon […]
Binance Charity Partners with MYDIN to Support Vulnerable Communities Across Malaysia
>>> Read the full story at Binance Blog Articles
>>> Read the full story at Binance Blog Articles
>>> Read the full story at Binance Blog Articles
>>> Read the full story at Binance Blog Articles
BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market.
Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement.
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.
Temasek invested in a series of FTX’s round findings that led to its $32 billion valuation in January.
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.
According to on-chain data, FTT token supply increased by 124.3% on Sept. 28 when 173 million FTT tokens were created by a 2019 ICO contract and Alameda was the recipient.
Binance CEO CZ took to Twitter to assure users that the crypto exchange’s insurance funds have been topped off at $1 billion as the debacle with FTX rages on.
Binance CEO Changpeng CZ Zhao said his company has signed a “letter of intent” to acquire FTX Exchange, its leading rival.
The post BREAKING: Binance Signs Deal to Acquire FTX Exchange appeared first on BitPinas.
CZ on liquidating his and Binance’s FTT: We are not against anyone. But we won’t support people who lobby against other industry players behind their backs.
The post Just House Cleaning: Binance To Liquidate Own FTX Tokens appeared first on BitPinas.
Here’s all you need to know about the new Binance Oracle that allows smart contracts to access data outside of their native blockchain networks.
My Crypto Journey: Binance, My Solution for Personal Financial Management
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The non-fungible token (NFT) market is now worth billions of dollars, and owners of digital artwork are thinking hard about the best ways to display their collections. This article lists seven different ways for people to show off their NFTs.
Join in the Halloween spirit and explore the crypto creepers selected for this year’s fright night!
However, there is resilience when it comes to unique buyers of NFT – a slight increase in the number of unique buyers in Q3 2022.
The post NFT Sales Slumps in Q3 2022 as OpenSea Dominance Fades appeared first on BitPinas.
Generative Art NFTs: Shining a Spotlight On the Algorithmic Art Movement
Binance today announced that Binance Cyprus Limited has been granted Class 3 registration as a Crypto Asset Services Provider (CASP) by Cyprus Securities and Exchange Commision (CySEC).
Fraudulent Recovery Services: How Not to Fall for a Scam Twice
Binance is a company that exists to take crypto to the masses and help move the world to a decentralized digital future. Learn more about how Binance helped launch the world’s largest smart-contract blockchain by transaction volume. BNB Chain now exist…
Experience the Binance vision at Web Summit with a selection of intimate talks from Binance’s top leadership.
Experience The Convenience of SafePal’s Integration Into Your Binance App
Don’t miss out on the exclusive Binance Gift Cards for Halloween and Diwali this October. Learn how to send and redeem crypto gift cards on Binance.
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We’re giving projects listed on Binance a chance to show off their community spirit and demonstrate that they’ve got what it takes.
Terra Classic is showing some signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance. Binance burns another 3 billion LUNC, brings total of burned units to 17.9 billion LUNC briefly exhibits upward price rally, up by 5% in the past 24 hours at one point A 12% dip might bring Terra Classic price all the way to $0.00018 It can be recalled that on September 26, 2022, the company decided to burn all spot and margin trading fees on LUNC transactions by sending them to a specific wallet address. This was Binance’s response to the proposal of the Terra Classic community to maintain good trading experience for its users. Since then, around 17.9 billion LUNC tokens have been burned. The latest process initiated by the crypto exchange led to the destruction of 3 billion units of the crypto. There was an apparent positive response to this development, as Terra Classic notches 5% spike in the last 24 hours. But can LUNC step up and gain more? Not A Smooth Sailing For Terra Classic It would appear the digital token failed to capitalize on what is now considered short-lived gain following another massive burning courtesy of Binance. LUNC rice is now eyeing a 12% discount and investors are now wondering if they should buy the dip. At press time, according to tracking from Coincodex, LUNC is changing hands at $0.000277 and is now down by 7.55% for the past 24-hours as it quickly relinquished its 5% spike earlier. Related Reading: Quant Price Watch: Crypto Looking At 20% Rally This Week With This Pattern Source: TradingView The recent Binance burn activity made buyers busy as they exerted effort in trying to rally the asset to continue its price recovery and close in on the $0.00036 resistance level. Sellers, however, were quick to make their counter move by putting a lot of selling pressure. As a result, the LUNC coin once again exhibited bearish signals. The crypto could be looking at a 12% drop all the way to the $0.000271-$0.00026 demand zone. Failure to hold this level would mean significant price slashing, putting the asset’s trading price to $0.00018. LUNC’s Lingering Struggles Over the past year, Terra Classic dealt with a lot of struggle. Aside from the given fact that it has been outperformed by heavyweights Bitcoin and Ethereum, it has also been outperformed by all of the top 100 crypto assets. It has also lost 100% of its all-time high value of $119.01 that was attained on April 5 this year and is sitting on a yearly inflation rate that is 1,534,969.16%. Its investors are currently pinning their hopes on the idea that LUNC is trading on Binance and is oversold and thus may rise soon. However, if the current burning mechanism being implemented by the crypto exchange doesn’t successfully push the token’s price, investors might start to move away from it no matter how much discount there is. Related Reading: Solana Shines In Trending Searches In Last 7 Days – But SOL Price A Different Story LUNC market cap at $1.7 billion | Featured image from Criptokio, Chart: TradingView.com
Crypto is becoming mainstream in Brazil, with 7.8% of the country’s population (about 16 million people) owning cryptocurrency. As a result, exchanges such as Binance, Crypto.com, and Coinbase are soaring in Brazil. Brazil is becoming the primary crypto market of Latin America as records show over 12,000 Brazilian companies have crypto holdings. Brazilian Tax authority released August figures showing the highest number of holdings ever recorded. In addition, amid high inflation rates in the country, cryptocurrencies saw increased adoption in August. Related Reading: LUNC Community Clamors For Coinbase Listing, Can It Reach $1? According to reports, Receita Federal do Brazil (RFB) recorded 12,053 companies that declared crypto in the balance sheet in August 2022. From the RFB release, Bitcoin is the highest among the crypto holdings, with Tether stablecoin tailing closely after BTC. In addition, the August numbers are the highest so far, with a 6.1% increase from the July number of 11,360. Rundown Of Brazil’s August Crypto Transaction Records While the number of institutional investors increased, individual crypto investment reduced from July to 1.3 million in August. However, the total number of holdings reduced, with August showing $2.1 billion, which may be due to the current bear market. Tether stablecoin USDT got the highest transaction volume, with over $1.42 billion moved across 80,000 transactions in August. This value is approximately $17,500 per transaction on average. BTC followed closely behind Tether with nearly $270 million in transactions and the highest volume of over 2.1 million in August. But BTC had a lower average transaction of $130 than Tether. The Stablecoin USDC fell from third place to fifth in value transacted from July to August. USDC lost to Tether and Brazilian Digital Token (BRZ). BRZ is a real-pegged ERC-20 token. Brazilians Maintain High Trust On Digital Assets Bitstamp Crypto Pulse reports that Brazilians maintain a bullish stance on cryptocurrency, with 77% declaring their trust in digital assets in September. In addition, several financial companies in Brazil, such as XP Inc. and PicPay, have begun to offer crypto services. Both PicPay and XP Inc. integrated crypto exchange services in August. Related Reading: XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance? Furthermore, Binance has increased its operations in Brazil, doubling its steam in March, and opened two new offices on October 4. With the increased mainstream crypto adoption, Binance is looking to spread its net and tap into the emerging market. Recently, Binance announced two new offices in Sao Paulo and Rio de Janeiro, with over 150 employees to cover operations. The crypto exchange also operates with the approval of Brazilian Regulations. The increasing crypto adoption in Brazil could be due to the macroeconomic situation in the country. In April, inflation rates in Brazil saw a 12.1% increase, the highest in 26 years. However, the latest Data from the Statistics Agency in Brazil shows the rates have gone down to 8.7% in August. Featured Image From Pixabay, Charts From Tradingview
Authorities in Kazakhstan have granted Binance a license to operate as a digital asset platform and provide an array of relevant services. While working out of the nation’s financial hub in the capital Nur-Sultan, the crypto exchange will offer registration to customers from other countries as well. Crypto Exchange Binance Receives License to Operate From […]
Binance New Zealand has officially launched! Here’s what our leaders have to say about this strategic move and how it furthers our vision of providing global financial services.
A Day in a Life of a Binance Angel
Binance Pay Now Used by Ukrainian Supermarkets, a Luxury UAE Hotel, and an Argentinian Airline
Binance Blockchain for Women Bootcamp is a course for African women to learn about digital assets. Check out the best presentations they did on NFTs and smart contracts.
My Crypto Journey is a collection of inspirational stories from Binance users who have been personally impacted by crypto. Here’s how it helped Ebony out of poverty.
The think tank group is also requesting the BSP if they can review those who hold a VASP license that failed to operate in a given time.
The post Exclusive: Infrawatch PH to BSP: Is Backdoor Acquisition of VASP License Allowed? appeared first on BitPinas.
Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit […]
Discover Binance NFT Gift Card, the first NFT gift card in the industry. With the launch of our NFT gift cards, projects can use them to reach new audiences.
Binance Blockchain Week Paris 2022 — NBA Star Tony Parker and Artist Julien Durix to Discuss Their “Like A Brush” NFT Collab for Charity
On August 28, 2022, Binance hosted a Belgium GP race-day fan party for BWT Alpine F1® Team fans, at the Kineapolis in Liege, Belgium. This post will recap the first offline BWT Alpine F1® team fan event organized by Binance Fan Token to bring blockchai…
Since Facebook transitioned to Meta, the metaverse has continued to make headlines. So what’s the deal with NFT real estate in the metaverse?
Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in Aptos Labs, a next-generation layer-1 blockchain built with safety and user experience in mind.
Looking for a hassle-free and practical way to gift your family and friends crypto? Learn how you can send your loved ones crypto via a Binance Gift Card.
Customers who use the Binance Pay Wallet to pay for their orders will be eligible to enter a rewards program.
How to Use Binance Pay as a Payment Method on Binance P2P
How Has the Binance Pay and Bolt+ Partnership Changed Game Streaming in Web3?
Learn about Binance’s Blockchain for Women Bootcamp through the eyes of our first graduating cohort! Find out what inspired them to join, their favorite topics, and more.
Mayur Kamat, Head of Product at Binance, talks about BUSD’s recent announcement and answers lingering questions from the community.
We are excited to announce that BUSD has reached its $20B milestone, ranking sixth in the overall crypto market and third among stablecoins by market cap.
Binance assured that it will help the users that are currently holding the three stablecoins to convert their coins to BUSD.
The post Binance To Stop Supporting USDC, 2 Others Starting September 29 appeared first on BitPinas.
BUSAN — August 26, 2022 — Binance, the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, announced today the signing of a Memorandum of Understanding (MoU) with the City of Busan in South Korea.
Binance Holds Capacity-Building Workshop with the Securities and Exchange Regulator of Cambodia
Learn how to transfer your crypto from the Binance Exchange to your Trust Wallet and securely store your funds in a non-custodial crypto wallet.
The Ethereum Merge is coming. Here’s what to expect if you’re holding ether (ETH).
The Merge is fast approaching. To ensure users have the most accurate information, we debunked some of the many Merge-related rumors on the internet.
Binance will support the City of Busan in creating infrastructures and provide the technology to develop its own blockchain ecosystem.
The post Busan Plans to be a Global Digital Financial Hub, Partners with Binance appeared first on BitPinas.
Scammers Created an AI Hologram of Me to Scam Unsuspecting Projects
P2P Trading: How to Avoid Cheque Scams
There’s more to NFTs than collectible artworks and creations. Learn how NFTs can store a variety of different values on blockchains beyond the typical use cases you already know.
Gift Card 101: 3 Popular Ways to Use Binance Gift Card
Ethereum 2.0 is coming. Here’s what to expect if you’re holding Ethereum (ETH).
Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.
The Central Bank of the Philippines warns the public against using non-local crypto trading platforms.
The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning.
CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use.
BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.
Binance Marketplace offers tons of features and access to hundreds of thousands of daily users. Find out how to get your business listed on Binance Marketplace.
Binance obtains In-Principle Approval from AFSA to operate in Kazakhstan
Binance Blockchain Week is back once again, and this time Paris plays host to the world’s foremost Web3 conference. Tickets are now available and ready to purchase for both the two-day main event and one-day Super Meetup.
Learn everything you need to get started with Trust Wallet in our ultimate guide for first-time users.
Binance obtains regulatory approval from AFSA to operate in Kazakhstan.
The Shiba Inu breakout appears almost ten days after SHIB’s addition to Binance Card.
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Zero Fees and High Liquidity Make Binance the Home of BTC Trading
Did you know you can now send and receive cryptocurrencies for free using Binance P2P? Send crypto to other Binance users by entering the email address they used to sign up for their Binance account, or scanning a QR code from the Binance app.
5 Random Facts About Binance You Might Not Know
Binance Fan Tokens are utility tokens providing teams and fans with closer connections and extra benefits. These tokens are available in several locations, including Africa.
10 Ways To Earn Bitcoin and Other Crypto With Binance Earn
Binance Labs Makes a Strategic Investment in Ankr
Binance Head of APAC Leon Foong addresses the Infrawatch letters asking regulators to ban the exchange in the country.
Received a Binance Gift Card but not sure how to use it? Learn how to easily redeem your gift card in crypto or fiat on the Binance app, Binance user or not.
One of the Cheapest Ways to Buy BUSD: Binance P2P
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Binance founder Changpeng Zhao has denied that the exchange owns any equity in Zanmai Labs, the company behind the Indian crypto exchange WazirX.
The post Binance moves to dissociate self from WazirX over recent allegations appeared first on CryptoSlate.