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August 15, 6:52 pm

Binance BNB Burn Explained: How Much is Burnt and When?
Many projects introduce a deflationary mechanism in their tokenomics. For a large part, this is usually done through a so-called token burn. Binance is undoubtedly the most famous industry participant in removing chunks of its native cryptocurrency (Binance Coin - BNB), and the way they do it has changed throughout the five years of its existence. So far, the exchange has burned billions of dollars worth of BNB, pursuing its goal of reducing the token's total supply by 50%. In this article, we take a deep dive at how the process works, how many burns have been so far, when is the next one, and so forth. What Is a Coin Burn? The 'burning' of a coin is essentially a process of removing it from circulation by sending it to specifically designated addresses that can only receive cryptocurrency. These addresses are referred to as 'burners' or 'eaters.' The closest thing to a coin burn in traditional finance is when a company buys back its own stock from the market in an attempt to reduce the circulating supply and essentially increase the value of the outstanding stock. However, the main difference is that the bought-back stock remains in existence and in ownership of the company, whereas the coins that are burned are essentially destroyed since nobody can ever access them again. Some... read More

August 15, 1:14 pm

Binance Gets In-Principal Approval to Operate in Kazakhstan
The world's largest crypto exchange has tapped another regulatory nod, this time from the Astana Financial Services Authority (AFSA). The former Soviet Union state has been an important country for the crypto industry, being a hub for miners for years. The announcement from the company informed that the license from Kazahstan's watchdog will allow... read More

August 14, 12:30 pm

Binance CEO's Warning About Wazirx Wallets, Nigerian EFCC on Naira Depre...
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria's Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira's depreciation, Shark Tank star Kevin O'Leary says crypto 'desperately needs policy,' and the government of Nepal is preparing to issue its own digital ... read More

August 13, 4:30 pm

Binance CEO Says Exchange Recovered $450 Million From the Curve Finance ...
Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million siphoned from the application on August 9.Binance Boss Says Exchange Froze 83% of the Curve Finance Hack Funds, Domain Provider Says Explo... read More

August 12, 8:36 pm

Binance Recovers 83% of Stolen Funds in Curve Finance DNS Attack
Leading cryptocurrency exchange Binance has helped recover crypto assets worth about $450,000 stolen from Curve Finance users. The funds represent about 83% of the total amount stolen from users.  Binance CEO Changpeng Zhao shared the update on Twitter today, noting that the Curve Finance hacker sent the assets to Binance using different techn... read More

August 12, 10:37 am

Crypto Price Analysis August-12: Ethereum, Binance Coin, Cardano, Solana...
This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Avalanche. Ethereum (ETH) Ethereum has reached prices not seen since May and is close to $2,000. This latest bullish momentum has pushed the price up by 18.1% in the past seven days, making this one of the best weeks for ETH. However, the cryptocurrency is now just un... read More

August 11, 2:02 pm

Ankr Receives a Strategic Investment from Binance Labs
Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with. Known for its continuous support for the BNB Chain by introducing BNB Liquid ... read More

August 10, 5:40 pm

TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout
The price of Binance coin (BNB) continues to look strong as it holds its support against Tether (USDT) after the Consumer Price Index (CPI) announcement. The CPI tends to provide a gauge as regards inflation in the economy while instigating BTC prices and other altcoins. Bitcoin's (BTC) price saw a pullback from $24,200 to $22,800 despite showing ... read More

August 09, 7:06 pm

Binance DeFi Staking Adds Support For Ripple's XRP
Rippleā€™s XRP scores another win as Binance DeFi staking starts supporting it with up to 1.4% APR. For years since the inception of decentralized finance (DeFi) on exchanges like Binance, only a few tokens have earned support on the Binance Defi platform. Basically, the said tokens are often the most reliable in the market. Binance conducts due d... read More

July 13, 4:02 pm

Binance Burns Another $444M Worth of BNB
Cryptocurrency exchange Binance has announced completing the 20th quarterly burn of its native token, BNB. According to the official blog post, nearly 1.96M BNB (around $444.6 million) was burned in the process, marking its third quarterly burn through the relatively new 'auto-burn' feature. The previous BNB burns reflected the tokens' usage and r... read More

July 12, 5:00 pm

Tothesmart Is an Exclusive New Smart Contract Built on the Binance Smart...
PRESS RELEASE. Now there is no need to buy expensive equipment and pay for electricity, you can simply buy virtual miners from Tothesmart and earn up to 5% per day in passive income. What is Tothesmart? Tothesmart is a Play to earn mining Farm built on the Binance Smart Chain blockchain.An open smart contract with a unique mathematical model based ... read More

July 12, 1:33 pm

Binance Sets High KYC and AML Standards to Boost User Protection 
Cryptocurrencies are gradually becoming an integral part of the global financial market, with about 100,000 people joining the crypto space daily. Crypto exchanges are the first entry point for many new users as many of these platforms usually allow them to purchase their first crypto asset with fiat. Cryptocurrency exchanges have evolved over the ... read More

July 11, 6:30 am

Binance Gets VASP License From the Bank of Spain
Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of the country. More than 17 companies have received this c... read More

July 08, 11:16 am

Binance Receives Approval to Launch a Virtual Asset Services Provider in...
The world's largest cryptocurrency exchange - Binance - doubled down on its European expansion plans. The company's subsidiary - Moon Tech Spain - received a regulatory nod to register as a Virtual Asset Services Provider (VASP) in the Iberian country. Binance to Strengthen its Presence in Spain According to a document shared with CryptoPotato, the... read More

July 08, 9:00 am

Binance CEO Meets Senegalese and Ivory Coast Presidents, Says 'Afr...
Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that he recently held meetings with the presidents of Senegal and Ivory Coast. The meetings are part of his initiative which is aimed at driving up the adoption of cryptocurrency in Africa and beyond.CZ's Meeting With the Senegalese President The CEO of Binance, Changpeng Zhao (CZ)... read More

July 01, 12:44 am

Binance Partners With Cambodian Regulators to Develop a Local Regulatory...
The world's largest cryptocurrency platform - Binance - struck a deal with the Securities and Exchange Regulator of Cambodia (SERC). The collaboration will aim to impose comprehensive rules on the domestic digital asset sector and support the endeavors of crypto firms. On another note, Binance teamed up with the TikTok celebrity Khaby Lame. The 22-... read More

June 30, 11:00 am

Can Xchange Monster (MXCH) Become Crypto Giants Like Binance Coin (BNB) ...
PRESS RELEASE. The cryptocurrency industry has certainly become oversaturated with hundreds of crypto projects being established everyday with many of them failing before ever reaching any significant milestone. The mass success of the industry has led to many believing they can achieve that very same amount of success despite not putting in as muc... read More

June 29, 1:23 pm

Binance NFT Marketplace Will Support the First Round of Sales for The Ag...
[PRESS RELEASE - Please Read Disclaimer] The Age of Gangs, a new dynamic P2E team brawler game with metaverse integration on BSC blockchain is about to run the first round of the mint. The collection of 2000 NFTs will be released on the Binance NFT on July 4th. Here are the details. The game lore introduces players to the grimy streets of Lond... read More

June 29, 9:05 am

Binance USD (BUSD): Fully-Backed and Regulated Stablecoin
Cryptocurrencies are risk assets, and the recent market crash shows how volatile they can be. While crypto assets are now more popular than ever, many investors are still skeptical about joining the industry, considering the unpredictable nature of the market. The first stablecoin was launched in 2014 to minimize the volatility of crypto assets. Si... read More

June 27, 9:30 am

Binance Announces New Payments Partner Amid Fiat Deposit and Withdrawal ...
Binance has chosen a new payments partner amid the suspension of direct fiat deposits and withdrawals in Brazil. The company stated it will now work with Latam Gateway, a payments processing company that has been in the payments intermediation business since 2019. Binance reported it would be working to normalize the fiat deposit and withdrawal sit... read More

June 26, 3:30 am

Binance Launches New Platform for VIP and Institutional Crypto Investors
Crypto exchange Binance has launched a new platform for VIP and institutional investors. The VIP program allows Binance users to 'get rewarded with more discounts and VIP privileges' as their trading volume climbs up VIP tiers.'Binance Institutional' Launched Global cryptocurrency exchange Binance announced Thursday the launch of 'Binance Instituti... read More

June 24, 11:00 pm

Bitcoin May Not Reclaim All-Time High For Another Two Years, Binance CEO
Bitcoin has recovered above $20,000 but since then, there has not been any significant upward movement. This has led to speculations on whether the digital asset would be able to reclaim its all-time high in the near future. Binance CEO, Changpeng Zhao, has weighed in and shared his thoughts on this debate, and according to the CEO, such recovery s... read More

June 24, 11:36 am

Crypto Price Analysis June-24: Ethereum, Ripple, Cardano, Binance Coin, ...
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum had a very painful time in June, with the price dropping under $1,000. However, these declines have brought back buyers, and in the past seven days, ETH has increased by 9%. At the time of this post, ETH is sitting comfortably above the... read More

June 24, 11:30 am

Portuguese Football Legend Cristiano Ronaldo in NFT Partnership With Bin...
Cristiano Ronaldo, one of the world's top-earning athletes, has entered into a partnership with Binance which gives his supporters a chance to join the footballer's Web3 community. According to Ronaldo, his partnership with Binance is 'going to change the non-fungible token (NFT) game and take football to the next level.'Iconic Piece of Sports Hist... read More

June 24, 7:38 am

Binance Launches VIP and Institution-focused Platform
Binance has announced launching its new flagship platform for VIP and institutional users. With the new platform, dubbed 'Binance Institutional,' the crypto exchange giant aims to upgrade its institutional offerings and services. The entities Binance is targetting with its latest offering include corporates, asset managers, brokers, hedge fun... read More

June 23, 2:43 pm

Binance Partners With Soccer Legend Cristiano Ronaldo to Launch Exclusiv...
The world's largest cryptocurrency exchange, Binance, has signed an exclusive multi-year NFT partnership with soccer legend Cristiano Ronaldo, according to an official announcement from the company. Christiano Ronaldo is one of the greatest players in soccer history, with five Ballon d'Ors and more than 800 career goals under his belt.  The P... read More

June 23, 2:15 pm

Binance CEO Denies Providing 3AC a Credit Line After its Failure
Binance CEO Changepeng Zhao (CZ) has stated that his exchange was not the primary trading venue for the faltering hedge fund Three Arrows Capital (3AC). It also did not extend any lines of credit to the fund for a bailout. The Types of Bailouts As tweeted by Wu Blockchain on Wednesday, the South China Morning Post reports that many troubled firms h... read More

June 23, 9:42 am

Binance US Offers Zero Trading Fees for Bitcoin Spot Pairs
Binance US - the US-based division of the world's largest crypto exchange - announced a new pricing model that offers zero fees for four bitcoin trading pairs, including BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. The crypto giant becomes the first American exchange that makes such a service available to its users. The elimination of such trading f... read More

June 19, 8:00 pm

Binance Suspends Direct Deposits and Withdrawals in Brazil
Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not adapt to provide the new KYC ... read More

June 17, 9:55 am

Binance Eyes South Korea Re-Entry 17 Months After Exit
Leading cryptocurrency exchange Binance said it is considering relaunching its services in South Korea 17 months after the platform stopped serving traders in the country. Binance CEO Changpeng Zhao (CZ) revealed the company's intentions to Korean media Maeil Economic Daily at the VivaTech 2022 event in France. Binance Considers South Korea Re-entr... read More

June 16, 6:09 pm

Binance CEO Still Supports Elon Musk's Twitter Bid
Changpeng Zhao – CEO of Binance, the world’s largest crypto exchange – has reaffirmed his support for Elon Musk’s plan to buy out Twitter. He also went deep on Binance’s current financial position, explaining that the exchange is more than prepared for the bear market. ‘If He’s Off, We’re Off’ I... read More

June 15, 5:42 pm

TRON DAO Reserve Withdraws 2.5 Billion TRX From Binance to Safeguard USD...
The last thing Justin Sun - founder of TRON - would like to see is the UST-Terra fiasco being repeated again on his stablecoin project USDD. The confident founder, who had vowed the lost peg of the stablecoin would be soon recovered, injected $220 million on Wednesday to purchase TRX on Binance. According to the announcement on Tuesday, he had at l... read More

June 15, 11:30 am

Nearly 70,000 Issued Binance Refugee Crypto Card for Ukrainians
Thousands of Ukrainians have ordered a crypto card issued by the world's leading digital asset exchange, Binance, for its users from the war-torn country. The card allows people displaced by the ongoing conflict with Russia to make payments and receive financial support. Binance Announces Results From Efforts to Help Ukrainian Refugees Between Apri... read More

June 14, 9:30 pm

Binance Reveals Incident That Forced It to Freeze BTC Withdrawals
In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the 'repairing of several minor hardware failures on wallet consolidation' as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed the logic 'to only take succe... read More

June 14, 7:07 pm

Binance Labs + BNB Chain now accepting applications for the 5th MVB Acce...
Most Valuable Builder (MVB) Accelerator Program, the incubation program designed to support builders on BNB Chain, a community-driven and decentralized blockchain, is now accepting applications from projects for its fifth cohort: Uncharted Territory. MVB is the program behind several successful projects on BNB Chain such as MCDEX, Biswap, Deri Prot... read More

June 13, 7:10 pm

Binance Is Expanding Hirings Amid Falling Crypto Market
Amid heightened inflation concerns, investors are steering away from riskier assets. Crypto declines are closely tracking the equity market, and given the current fragility, negative sentiment across the space is palpable. But Binance CEO CZ believes crypto winter is a great time to hire people. At the Consensus 2022 conference, the chief executiv... read More

June 13, 5:30 pm

Lawsuit Accuses Binance US of Selling Unregistered Securities, False Adv...
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing... read More

June 13, 3:22 pm

Why Justin Sun Reported A 500% APR To Short TRX On Binance
TRON (TRX) founder Justin Sun has come out in defense of the network stablecoin, USDD. The digital asset began deppeging from the U.S. dollar. Earlier, the digital asset started trending to the downside forcing the TRON DAO Reserve, the entity responsible for protecting USDD’s peg, to deploy $2 billion. TRX trends to the downside on the 4-ho... read More

June 13, 3:13 pm

Funds Are SAFU: Binance Pauses Bitcoin Withdrawals Due to Network Backlo...
Bitcoin and cryptocurrency sell-off has heightened with no signs of a respite. Amidst the ongoing mayhem, Binance temporarily halted Bitcoin withdrawals on the BTC network specifically - withdrawals through other networks such as BEP20 are working as intended. The official statement on the matter reads: 'Binance has temporarily paused #Bitcoin wi... read More

June 13, 11:25 am

Investors File Class Action Lawsuit Against Binance US Following LUNA-US...
A new class-action lawsuit filed against the US branch of the largest cryptocurrency exchange alleges the company of misleading investors and illegally allowing the sale of unregistered securities - LUNA and UST. Filed in the Northern District of California on Monday by law firms Dontzin Nagy & Fleissig and Roche Freedman, the lawsuit reads that '... read More

June 09, 5:00 am

Binance Pay, Alchemy Pay, ePayments, and QponBay Support Offline Crypto ...
PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at 'Artaverse', an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies to buy NFTs directly on site. The cryptocurrencies supported are BNB, ... read More

June 08, 2:00 pm

Binance US Adds Staking Services for 7 Different Crypto Assets
Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer, graph, cosmos, and audius.Binance US Adds Staking Ser... read More

June 08, 2:30 am

SEC Probes Binance — BNB Could Be Unregistered Security: Report
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance's BNB token, which could be an unregistered security. If the cryptocurrency is found to be a security, it could put Binance in a similar position to Ripple Labs which has been in an ongoing lawsuit with the SEC over the sale of the XRP token.SEC Investigates Binan... read More

June 07, 10:01 pm

Binance Partners With Malaysian Exchanges to Accelerate Crypto Adoption ...
The world's leading cryptocurrency platform - Binance - reportedly revealed intentions to join forces with Malaysian exchanges to boost the local digital asset sector. Malaysia Could Benefit From Binance's 'Robust' Platform Binance has displayed its ambition to strengthen its global presence, and South East Asia is among its key targets. Three mont... read More

June 06, 1:32 pm

PancakeSwap (CAKE) Soars 9% as Binance Labs Makes a Strategic Investment
The price of PancakeSwap's native cryptocurrency - CAKE - skyrocketed by as much as 9 percent today as Binance Labs revealed a strategic investment into the decentralized exchange. PancakeSwap is the veteran and leading decentralized exchange (DEX) on the BNB Chain, and it has been the predominant one in terms of overall trading volume since its l... read More

June 06, 10:09 am

Binance Joined Forces With Vietnam Blockchain Association to Boost Crypt...
The Vietnam Blockchain Association partnered with the world's largest cryptocurrency exchange - Binance - to boost the development of blockchain technology in the Asian country. The two parties will also establish connections with other tech companies across the globe. Striking a Deal With Binance The cryptocurrency industry has found a welcoming l... read More

June 06, 2:00 am

Dubai's Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shoppin...
Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties. 'Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,' said the CEO of Binance.Majid Al Futtaim Dives Into Crytpo With Binance Majid Al Futtaim, a... read More

June 03, 5:00 pm

LABEL Foundation Integrates With Binance Custody to Offer Cold Storage S...
PRESS RELEASE. LABEL Foundation has announced that it has officially integrated with Binance Custody to take advantage of their highly secure cold storage solution. With this integration, LABEL's native tokens can be kept safely as the $LBL is now supported by Binance Custody and the tokens are safely stored using their institutional and insured co... read More

June 03, 12:00 pm

Binance Labs Launches $500 Million Web3, Blockchain Fund
Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other technologies. ... read More

June 03, 11:24 am

Binance Will Sponsor The Weeknd's Upcoming Tour
The world's largest cryptocurrency exchange - Binance - joined forces with the popular Canadian singer Abel Makkonen Tesfaye (better known as The Weeknd). The platform will be the official sponsor of the artist's upcoming tour in July. The Details Behind the Deal In a recent statement, the exchange said it is 'excited' to become the official financ... read More

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