December 02, 8:50 am
|Over $5M Stolen From Ankr Protocol, Binance Pauses Withdrawals|
Another multi-million dollar hack has hit the decentralized finance space. The latest victim is BNB Chain-based DeFi protocol - Ankr. Initial reports suggest that a vulnerability in its code that enabled unlimited minting of tokens was exploited.
Ankr promptly confirmed the attack and added that it has reached out to other decentralized exchanges urging them to block trading. Tokens will be reissued after it completes assessing the situation.
The attack was first detected by blockchain analysis firm PeckShield in the early hours of December 2nd. It revealed that the exploiter was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a reward-bearing token for BNB staked on the protocol.
The exploiter minted quadrillions of aBNBc tokens, of which 20 trillion was swapped for BNB.
Several services, such as Uniswap, controversial coin mixer Tornado Cash, as well as bridges, were used to obfuscate the trail of ill-gotten funds. The BNB tokens were then swapped for 5 million USDC.
Data from CoinGecko show that aBNBc lost all its value after the token was drained from liquidity pools on PancakeSwap and ApeSwap.
Ankr issued a statement assuring the community that,
'All underlying assets on Ankr Staking are safe at this time, and all infrastructure services are unaffected. We...
December 01, 4:30 am
|Binance Acquires Licensed Japanese Crypto Exchange — Prepares to E...|
Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency exchange and is now preparing to enter the Japanese crypto market as a regulated entity. 'The Japanese market will play a key role in the future of cryptocurrency adoption,' said the general manager of Binance Japan. Binance Entering Japan
Cryptocurrency exchange Binan...
December 01, 12:00 am
|Litecoin Whale Withdraws $65.5M In LTC From Binance, Bullish Sign?|
Data shows a Litecoin whale has withdrawn $65.5 million in LTC from the crypto exchange Binance, a sign that may prove to be bullish for the price of the coin.
A Litecoin Whale Has Taken Out 835.8k LTC From Binance
As per data from the crypto transaction tracker service Whale Alert, two large LTC transfers have been spotted on the chain during the ...
November 30, 12:29 pm
|Binance Strengthens Japanese Presence, Acquires a Locally Regulated Exch...|
Crypto exchange Binance announced the acquisition of Sakura Exchange BitCoin (SEBC) for an undisclosed sum. The latter is a Japanese crypto exchange that is regulated by the country's Financial Services Agency (FSA).
The latest development comes just months after reports of Binance preparing for a formal entry to the Japanese market surfaced. The c...
November 30, 11:58 am
|Binance Market Share Allegedly Hits 77%; Criticism Grows As Even Jack Do...|
It is no secret that Binance benefits from FTX's insolvency. After the second largest exchange in the world went belly up, other exchanges had to divide FTX's market share among themselves.
And that Binance is one of the biggest winners now seems to be confirmed by recent data. The Block claims that Binance now has a 75% market share on the spot ma...
November 29, 10:00 pm
|BNB Leads Gains Among Top Cryptos: Will Binance Coin Continue To Roar?|
BNB is currently trading at $300.082 with a 24-hour trading volume of $1,059,515,334. Despite the general market slump, the coin has been one of the top performers. It currently ranks at the number four position on CoinMarketCap.
The coin has a 24-hour low of 289.76 and a 24-hour high of $304.82. The price change in 24 hours is increase of 2....
November 29, 3:00 am
|Binance Coin (BNB) Bulls And Bears Tussle At $290; Here Is What To Expec...|
BNB's price struggles as price hold above $290 to maintain the bullish sentiment
BNB's price remains strong as bulls dominate the market; the price fails to break and close above $320 with so much uncertainty in the market
BNB's price trades below get the 200 Exponential Moving Average as the price continues in bearish movement (EMA)
The price act...
November 29, 2:50 am
|Binance Moves Over $2Bn in BTC As Part of a Proof-of-Reserves Audit|
A significant outflow of funds belonging to Binance set off alarms in the cryptocurrency community today.
According to a Tweet from Whale Alerts, the exchange pulled out more than 127,000 BTC in a single transaction, depositing the coins in an anonymous wallet address.
127,351 #BTC (2,062,504,721 USD) transferred from #Binance to unknown...
November 26, 11:00 pm
|Binance CEO: Most Governments Understand Crypto Adoption Will Happen Reg...|
Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. 'It's better to regulate the industry instead of trying to fight against it,' the Binance executive emphasized.
Binance's CEO on Crypto Regulation After FTX Collapse
The CEO of Binance, Changpeng Zhao (CZ), talked about crypt...
November 26, 1:30 am
|Singapore Regulator Explains Action Against Binance vs FTX — Warns...|
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are 'highly volatile and many of them have lost all value.'Singapore's Central Bank Clarifies Its Stance ...
November 25, 10:00 pm
|Binance Removes Trading Pairs for FTX-Linked Serum Token|
Binance, the world’s largest crypto exchange, will remove multiple trading pairs for the DEX protocol Serum (SRM), which is known to have deep ties to both FTX and Alameda Research.
The token will no longer be tradeable for Bitcoin (BTC), Tether (USDT), or Binance's native BNB token.
What is Serum?
Binance revealed Serum’s t...
November 25, 7:48 pm
|Binance Coin Revives Its Bullish Strength Above $290; Will Bulls Defend ...|
BNB's price bounces off from $250 as the price rallies to a high of $300 as bulls take charge of the price.
BNB's price remains strong as bulls reclaim $300 despite uncertainty in the market traders and investors remain cautious.
BNB's price bounces from a low of $250 on the daily timeframe as the price reclaims $300 as price trades abo...
November 25, 5:30 pm
|Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Add...|
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm's onchain reserves equate to 582,485 bitcoin, while the company's customer net balance is roughly 575,742 bit...
November 25, 3:54 pm
|Binance Leads PoR Effort, Bitcoin's Battle Above $16K and Crypto Market'...|
The past week was somewhat positive for the entire cryptocurrency market, both in terms of pricing and overall developments. While the meltdown of FTX looms over the industry and most market participants are still afraid of contagion, the total capitalization added over $10 billion amid ongoing developments.
First things first, this week's overall ...
November 25, 2:08 pm
|Users Can Now Verify the Bitcoin They Own on Binance via Merkle Tree|
The world's largest cryptocurrency exchange - Binance - introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves.
The feature will initially show only bitcoin's holdings, while other coins will follow in the future.
Binance has taken some additional measures to reaffirm its customers' trust during t...
November 25, 12:30 pm
|Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore...|
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance's efforts and committed capital for the recovery fund.Crypto Industry Recovery Initiative Launched
Cryptocurrency exchange Binance unveiled Thursday some de...
November 24, 11:55 pm
|Binance SAFU Insurance Fund is 44% Backed by its Own Token|
Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data.
The two addresses associated with the fund show that its BNB tokens account for 44% of its reserves.
The Wrong Type of Insurance?
As shared by on-chain analyst Willy Woo on Twitter, the Secure Asset F...
November 24, 10:18 am
|CZ Confirms: Binance US Will Bid Again for Voyager Assets|
As FTX will not be able to follow through on its commitment to purchase Voyager and its assets, Binance US will return to the table, said Changpeng Zhao.
He also reiterated a previous statement that Binance is not a Chinese company, despite his appearance.
Binance US to Bid on Voyager Again
The cryptocurrency winter that started earlier this year a...
November 23, 12:00 pm
|Binance and Paxos's BUSD: High Quality Reserves, Audits, and Regulation|
What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this piece is intended as an explanation of BUSD.
First and foremost, BUSD is a stablecoin pegged to the US Dollar (USD) which came from a partnership between Binance ...
November 22, 9:31 pm
|Binance Coin Loses $270 Support As Bears Eye $200; Will Bears Push Harde...|
BNB's price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $260.
BNB's price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.
BNB's price looks weak and continues to trade below the daily 50 Exponen...
November 22, 1:58 pm
|Debunking Crypto Myths With Binance|
Lack of education is one of the major hurdles preventing cryptocurrencies from reaching mainstream adoption. Sadly, lack of knowledge is a breeding ground for misinformation, and this has birthed many misconceptions about digital assets that have scared mainstream users from embracing the decentralized economy.
Things are even worse with the crypto...
November 21, 9:00 am
|For the First Time: Binance With Largest Bitcoin Reserves|
The past couple of weeks has undoubtedly stirred the pot when it comes to cryptocurrencies stored on centralized exchanges.
CryptoPotato recently reported that upwards of $8 billion worth of crypto was withdrawn from centralized exchanges following the FTX collapse. Now, data shows that Binance has the largest reserve of BTC for the first time...
November 21, 4:30 am
|Binance CEO: We Don't See a Viable Business in India|
Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: 'Binance goes to countries where regulations are pro-crypto and pro-business.'Binance's CEO on Indian Crypto Environment
The CEO of cryptocurrency exchange Binance, Changpeng...
November 19, 7:10 pm
|If Binance or Tether Collapse, it's Game Over for Crypto, DOGE's Founder...|
Dogecoin's Shibetoshi Nakamoto believes a potential crash of the crypto exchange Binance or the stablecoin-issuer Tether could severely destabilize the entire industry.
He also advised people to do appropriate research and understand the digital asset's sector specifics before entering it.
Binance/Tether Collapse Could be Devastating
November 18, 10:36 pm
|Binance Has No Big Plans for India Due to High Taxation, Says CZ|
Binance CEO Changpeng Zhao (CZ) has all but given up on India. Pointing out the 1% transaction tax that came into force on 1 July 2022, CZ said it makes crypto trading unviable in India.
Speaking at the TechCrunch Session: Crypto 2022 on November 17 in Miami, CZ further pointed out that Binance is engaged with blockchain associations and influentia...
November 18, 5:00 pm
|Is Binance CEO Changpeng Zhao To Blame For FTX Collapse?|
In the space of one week, FTX had gone from being the second-largest crypto exchange by trading volume to being bankrupt. This swift move from being ‘okay’ to being in ‘hot water’ has shown just how uncertain things can be in the crypto market. Since it happened, there has been some finger-pointing as participants in the spa...
November 18, 4:00 pm
|Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance|
On-chain data shows the crypto exchange Binance has just received Bitcoin inflows of 130k BTC, a sign that may be bearish for the price of the crypto.
Binance's Bitcoin Exchange Reserve Has Sharply Spiked Up Over Past Day
As pointed out by an analyst in a CryptoQuant post, Binance has received a massive Bitcoin deposit today.
The relevant indicator...
November 17, 7:52 pm
|Why Binance And Top Crypto Exchanges Halt Transactions With Solana Stabl...|
Binance and other top crypto exchanges halted stablecoin deposits from the Solana (SOL) blockchain. The companies released an official statement claiming that the measure will be temporary, but it could have harmful implications for the SOL ecosystem.
Solana (SOL) trades at $13.5, with a 5% loss in the last 24 hours and a 3% loss in the prev...
November 17, 7:00 pm
|Bitcoin Reserve On Binance Sharply Rises, Whales Preparing For More Dump...|
On-chain data shows the Bitcoin reserve on Binance has been sharply going up in the last couple of days, something that could be a sign of dumping.
Bitcoin Reserve On The Crypto Exchange Binance Has Observed Sharp Growth In Recent Days
As pointed out by an analyst in a CryptoQuant post, the funding rates have been negative while these inflows have ...
November 17, 5:30 pm
|Binance CEO CZ Calls SBF a 'Psychopath,' 3AC Co-Founder Accuses FTX, Ala...|
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The ...
November 16, 7:00 pm
|XRP Whale Withdraws Massive $135M From Binance, Bullish Signal?|
Data shows an XRP whale has made a massive withdrawal of $134 million from Binance, something that could prove to be bullish for the price of the crypto.
Whale Transfers $135 Million In XRP Out Of Crypto Exchange Binance
As per data from the crypto transaction tracker service Whale Alert, a huge XRP transfer was spotted earlier in the day.
November 16, 4:00 pm
|Binance Coin Shows Weakness As Price Sits On Key Support; Is $200 Possib...|
BNB's price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.
BNB's price continues to show strength after a bearish downtrend with the market's current state, as things look uncertain for most traders and investors.
BNB's price continues to hold $270 on the daily time...
November 16, 9:21 am
|Binance Scraps FTT-USDT Trading Pair From Both Spot and Perpetual Contra...|
Binance, the world's leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout.
The exchange has also removed FTT from its derivatives platform.
The move hasn't been officially announced, but a search on the Binance exchange reveals no results for the FTT/USDT trading pair.
The same is true for the...
November 16, 8:01 am
|Binance Shares Six Commitments and Principles for Centralized Exchanges|
Industry leader Binance has shared its principles on how the fiasco can be avoided in the future.
On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements that his and every other centralized exchange should adopt in order to ensure user trust.
He also said he is working with industry partners to create an all...
November 15, 11:15 pm
|Cristiano Ronaldo to Launch First NFT Collection on Binance|
Football icon Cristiano Ronaldo will soon launch his CR7 NFT collection on Binance NFT.
The athlete partnered with the crypto exchange in June to introduce non-fungible tokens and Web3 to his multi-million fan base.
One of the most successful soccer players of all time - Cristiano Ronaldo - will drop his first NFT collection later this week.
November 14, 3:02 pm
|Binance Shouldn't be Responsible to Every User's Loss in the Industry: C...|
Binance's CEO, CZ, had an ask-me-anything (AMA) session on Twitter and answered community questions, mostly related to the FTX fallout and how he thinks the industry will move forward.
In essence, CZ believes that this is a cleansing event that will eventually turn out to be a good thing. However, he still believes there will be contagion, even tho...
November 14, 2:00 pm
|Binance Forming Crypto Industry Recovery Fund to 'Reduce Further Cascadi...|
Cryptocurrency exchange Binance is forming an industry recovery fund to 'reduce further cascading negative effects of FTX,' said CEO Changpeng Zhao (CZ). 'As an industry, we need to increase transparency,' the executive stressed. 'We need to work very closely with regulators all around the world to make this industry more robust.'Binance Establishi...
November 14, 9:56 am
|Bitcoin Tests $17K as Crypto Markets Add $40B on Musk and Binance Tweets...|
The past 24 hours have been quite dynamic in terms of pricing on the cryptocurrency market. Bitcoin dropped below $16K, only to soar back toward $17K later, followed by the rest of the cryptocurrencies.
This happened after both CZ and Elon Musk tweeted out news that was obviously perceived positively.
Bitcoin Testing $17K
Bitcoin's price went throu...
November 14, 5:00 am
|Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ...|
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of 'cascading effects,' he stressed: 'A lot of consumer confidence is shaken, and I think basically it sets us back a few years.'Binance's CEO Discusses the Impact of FTX's Collapse on the Crypto Industry
The CEO of cryptocurrency exchange Binance, Changp...
November 13, 7:30 am
|Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange|
India's Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the public, the ED said.India Freezes More Bitcoins at Binance
India's Enforcement Directorate (ED) announced Friday...
November 12, 2:05 pm
|Binance CZ: FTX Demise is Crypto's 2008 Financial Crisis|
Changpeng Zhao (CZ), CEO of the world's largest cryptocurrency exchange Binance, has expressed his belief in the ability of the crypto market to heal itself once the full impact of FTX's implosion is felt.
Speaking at a conference in Indonesia, CZ said that more companies would be affected by FTX's downfall, considering how big the crypto exchange ...
November 10, 7:30 pm
|Binance Shares Hot and Cold Wallet Crypto Addresses and Details About th...|
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called 'Our Commitment To Transparency.' The Binance blog post shares addresses tied to the world's largest exchange and it notes that as of Thursday, Binance holds 475,000 bitcoin, 4.8 million ether, and 17.6 billion tethers.Binance Shar...
November 10, 4:44 pm
|FTX Reportedly Sent $4B to Alameda, Got Close to Losing Gibraltar Licens...|
FTX had reportedly reached out to several other large exchanges, including Coinbase and OKX, but was turned down. Its finances were one of the factors after the reviewal of which, Binance backed out of a planned takeover.
While Binance may have averted more scrutiny from regulators in Europe and the United States but the botched deal further aggrav...
November 10, 12:59 pm
|Binance Reveals How Much BTC, ETH it Stores Following FTX Collapse|
Changpeng Zhao tweeted earlier this week that every exchange should do proof-of-reserves and stressed on the importance of transparency.
Binance has now shared a list of the major cryptocurrencies that it holds, including a set of addresses where the tokens are stored.
The leading cryptocurrency exchange stores a whopping 475,000 BTC and about 4.8...
November 10, 8:29 am
|Bitcoin Plunges To $15,700 As Binance Rejects FTX Takeover – Level...|
BTC's price loses its $18,200 support as the price trades to a region of $15,700 as Binance rejects FTX takeover.
BTC's price continues to look bearish with the market's current state, as things look uncertain for most traders and investors.
BTC's price remains weak across all timeframes as the price trades slightly below th...
November 10, 2:23 am
|FTX Acquisition And Crypto Crash Is Bad For The Community, Says CZ Binan...|
CEO Changpeng Zhao (CZ) gave statements to clarify the air amid the FTX ordeal and circumstances surrounding its acquisition by Binance. On Tuesday, FTT, the FTX native token, went to ruins with over 73% decline. It happened after the exchange liquidated its Ethereum holdings to mitigate its insolvency crisis.
Before the crisis became known, the CE...
November 09, 11:10 pm
|Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash|
Binance's CEO said the world's largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again.
This comes as a result of the recent market plunge, and its purpose is to grant customers maximum protection in case of another possible negative event.
Changpeng Zhao (CZ) tweeted that his trading venue topped up it...
November 09, 9:30 pm
|Binance Backs out of FTX Deal Citing 'Due Diligence,' Reports of 'Mishan...|
The world's largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and 'news reports regarding mishandled customer funds,' Binance has decided not to pursue the FTX acquisition. Binance Drops the FTX Acquisition
After the crypto exchange Binance revealed ...
November 09, 9:27 pm
|Binance Pulls Out OF FTX Deal, Bitcoin Crashes Below $16,000|
Crypto exchange Binance is officially out of the FTX agreement. According to an official statement, the company won’t purchase its competitor.
Via its official Twitter handle, Binance claims that regulatory pressure and other factors impacted their decision. The report claimed that the company reviewed FTX’s books and decided to walk ...
November 09, 9:27 pm
|Binance Will Not Acquire FTX, Exchange Confirms|
Binance, the world’s largest crypto exchange, has backed out of its agreement to purchase FTX just one day after signing an agreement to rescue the company on Tuesday.
Binance said its decision was made in light of a review of FTX’s handling of customer deposits, alongside alleged US agency investigations against the firm.