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Tag Archives: Binance

Thai Energy Magnate to Double Down on His Crypto Investments (Report)

Sarath Ratanavadi – CEO of Gulf Energy Development – reportedly stated that his company will invest in blockchain ecosystems to diversify some of its profits. The decision comes despite the broad market collapse and the strict stance that local watchdogs have taken towards the sector. Ratanavadi is known as the second-richest person in Thailand. According to the Bloomberg Billionaires Index, his fortune nears $12 billion, while his corporation supplies energy to Thailand,...

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How Binance Will Address a Potential Ethereum Fork During the Merge

Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could emerge.  Binance’s Merge Plan Per the company’s statement on Thursday, there are “two likely scenarios” that could occur during the merge that may impact...

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Binance US Wins Money Transmitter License in Nevada

Binance’s US subsidiary announced receiving its Money Transmitter License from the Nevada Department of Business and Industry, Financial Institutions Division. The latest move is part of the company’s plans to offer its fully regulated services in all of America’s 50 states and territories. Speaking about the license approval, Brian Shroder, Chief Executive Officer of Binance US, said, “We continue to take the necessary steps to ensure we are operationally compliant across...

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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%....

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Binance’s User Count Growing Due to Inflation, Says the Company’s Latin America Head

Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Another factor is the historically strong dollar, which has weakened other fiat currencies from emerging markets. Over the past few years, numerous experts and celebrities advised that investing in bitcoin amid the inflationary crisis is an appropriate strategy that could preserve...

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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 techniques to bypass the exchange’s security. However, the company identified the transactions and froze the assets.  Binance to Return...

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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 Staking, as well as building some of its core infrastructures, including their Erigon upgrade, Ankr has now received a strategic...

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Binance Says Goodbye to Some Trading Fees

Binance – the world’s largest and most popular cryptocurrency exchange according to trading volumes – has announced it’s eliminating some of its trading fees. Binance Bids Adieu to Some Trading Fees The fees are being removed for approximately 13 separate trading pairs. The founder of the exchange Changpeng Zhao stated in a recent interview: In line with our user-first philosophy, Binance has always strived to provide the most competitive fees in the industry. At its...

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Did you know?

Out Now - African Blockchain Report 2021 Did you know? Between July 2020 and June 2021, crypto adoption in Africa grew by over 1200%, making it one of the fastest-growing continents in terms of adoption. Companies raised $91 million in Q1 of 2022, a staggering 1,668% YoY increase from Q1 of the previous year. Most venture dollars went to Nigeria, Kenya, South Africa, and Seychelles, with a combined total of $122 million, or 96% of funding in the...

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Aufruhr in der Bitcoin Community: Binance will keine anonyme Litecoin-Transaktionen!

Keine Unterstützung der Anonymität bei Litecoin durch Binance mehr. Wer Anonymisierte Litecoin-Transaktionen durchführen will, muss auf eine andere Bitcoin-Börse wechseln. Durch das MWEB-Upgrade bei Litecoin wurden die Transaktionen mit dem Coin vertraulicher gemacht und die Anonymität der Nutzer geschützt. Doch gerade dieses Feature macht der beliebten Krypotwährung nun Probleme, denn die Mehrzahl der Kryptobörsen verweist mittlerweile auf strikte...

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