Tag Archives: Binance

It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen. Multiple Cashout Attempts Nearly $91 million of those funds have seen attempted cashouts so far. The most recent attempt at laundering the stolen funds saw about $27 million worth of crypto being moved. The operation was detected by security researchers, although it...

A new survey conducted by the world’s largest cryptocurrency exchange Binance discovered that having an interest in crypto could make people more attractive. Binance conducted the study from February 6 to 9, 2023, surveying 2,600 participants aged 18 to 46. Interest in Crypto is a “Significant Plus” The survey discovered that an active interest in crypto could be a “significant plus” in a potential romantic relationship. A total of 83% of respondents disclosed that liking...

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Circle – the issuer of the world’s second-largest stablecoin, USDC – reportedly warned the New York Department of Financial Services (NYDFS) last Autumn that Binance has been mismanaging its token reserves. This came months before Monday’s announcement that Paxos is ending its relationship with Binance surrounding BUSD, by order of the New York regulator.  Circle’s Private Warning As reported by Bloomberg, USDC alerted the NYDFS to blockchain-based signs that Binance did not...

The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21.  Despite this, the firm said it has a “strong corporate balance sheet” and vowed to continue servicing new and existing clients. Ending the Relationship With Binance As directed by the New York State Department of Financial Services (NYDFS), Paxos will halt minting new BUSD tokens next week (February 21). However, the entity will...

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The Canadian University of Dubai (CUD) partnered with Binance to enable students to pay their fees in digital currencies. With the recent collaboration, the exchange dived deeper into the local ecosystem. It received a cryptocurrency license from Dubai’s regulators in September last year.  Settling the Semesters in Crypto The world’s leading crypto platform disclosed the partnership on its Twitter account, saying current and future students of the CUD are allowed to settle...

Just yesterday, Live Bitcoin News put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregistered trading platform for those who sought to use digital assets to obtain illicit products. The exchange also did very little to obtain necessary information about its clients and customers. Now, it looks like Binance – the world’s largest and most popular digital currency...

Binance said earlier today it had introduced zk-SNARKs to its proof-of-reserve system in an attempt to make it easier for users and other entities to verify its solvency. Additionally, the exchange has added four new crypto assets to its PoR system. Ever since the loud collapse of FTX in late 2022, cryptocurrency exchanges have rushed to prove the assets held on their platforms. Binance was among the first to introduce such a feature, initially utilizing only Merkle Tree....

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