Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have also tapped an all-time high, possibly signaling worry among depositors about the safety of their funds. FTX Withdrawal Wave According to a tweet thread from CryptoQuant CEO Ki Young Ju, FTX currently has $104.9 million worth of stablecoins in its on-chain reserves. Yesterday, he...
Read More »Binance Set to Launch Web3 Football Challenge, Offers First-of-its-Kind Experience
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Read More »BitMEX Cuts Staff as It Looks to Pivot Back toward Derivatives Trading
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Read More »Twitter Has Vast Monetization Prospects Under Musk, Binance CEO Suggests
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Read More »Alta Acquires Private Securities Platform Hg Exchange from Binance
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Read More »Binance Launches Oracle Network for BNB Chain Ecosystem
On Oct. 26, crypto giant Binance announced Binance Oracle, a new service that will source, verify, and feed off-chain data to smart contracts running on the BNB Chain. The company claims that the Oracles will provide a “more reliable, secure, and accurate data sourcing solution for smart contracts.” The new service, which launches this month, will enable existing Web3 dApps and BNB Chain partners to access oracle data sources. The company confirmed that more than ten projects...
Read More »Binance Hacked; Nearly $600 Million in BNB Stolen
It’s happened again, folks. Another hack is in the books, but this one was not only large, but also unexpected. The victim this time around is Binance, the largest and most powerful digital currency trading platform in the world. Binance Has Lost a Lot of Money At the time of writing, the exchange has lost more than $600 million in a cyberattack. All the funds in question were in BNB, which stands for Binance Coin. It is the exchange’s native token. The exchange reported...
Read More »Binance Wants to Use Crypto and Blockchain to Help Twitter Fight Bots
After allocating $500 million to support Elon Musk’s Twitter buyout, the world’s largest crypto exchange said it wants to establish a dedicated unit to help the social media platform’s upcoming challenges. The statement from the company, as reported by Bloomberg, informed that one of the key areas where Binance wants to help the most is battling bots. Fake accounts have been a major issue for the social media giant, especially such that promote fraudulent scams, many of which...
Read More »Binance to Help Twitter Develop Blockchain-Related Solutions
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Read More »Twitter Deal: Binance Invests $500 Million
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