Tag Archives: Binance

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 The Co-Creator of the memecoin Dogecoin – Billy Markus (better known as Shibetoshi Nakamoto) – thinks if either Binance or Tether goes down,...

After Hacktober, which saw countless DeFi projects being exploited for hundreds of millions of dollars in total, November was expected to be a calmer month for crypto. However, that was not the case as the industry saw one of the fastest, loudest, and most shocking deterioration of a giant – FTX. An analysis by the risk-modeling firm Gauntlet outlined a tweet from Alameda’s CEO that changed the whole situation for the worse. This Tweet Is to Blame? Let’s rewind the clocks by...

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 influential persons in India to present the industry’s stance before the policymakers, a TechCrunch report said. CZ Red Flags 1% Transaction...

Numerous major exchanges are disabling deposits and/or withdrawals for Solana-based variants of the top two stablecoins, USDT and USDC. The wave of delistings follows Solana’s major price crash in the wake of FTX’s collapse – an exchange known to be closely involved with the network and token.  Scrubbing the Solana Stablecoins On Thursday, Binance announced that deposits for Solana-based USDC and USDT tokens had been “temporarily suspended until further notice,” without...

Binance – the world’s largest and most powerful digital currency exchange – is pulling back the curtain on a new $500 million crypto mining lending pool so miners and new projects have access to the funds and liquidity they’ll need to extract new units of crypto from the blockchain to be placed in circulation. Binance Is Trying to Help Crypto Miners Known as the “Binance Pool,” those taking part in the project and borrowing funds will have access to loans with terms...

It could be argued that Sam Bankman-Fried was, at one point, a prince in the crypto arena awaiting his time to ascend to the digital throne. Many believed he had what it took to rule the space and dominate the digital currency world for years to come but given the circumstances surrounding his exchange at the time of writing, that image is fading relatively quickly. Sam Bankman-Fried Is No Longer Crypto Royalty Sam Bankman-Fried is a 30-year-old former crypto billionaire who recently saw...

Earlier in the week, Live Bitcoin News published an article saying that Binance, the world’s largest and most popular cryptocurrency exchange, had purchased its rival FTX, which is a trading platform run by Sam Bankman-Fried. FTX is a relatively new digital exchange, having been formed in 2019, and it was allegedly experiencing a liquidity crunch that required the company to be bailed out. What Do Analysts Think of What’s Happening with FTX? That’s where Binance came in....

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. The digital collectibles will feature the Portuguese megastar and be available exclusively on the Binance NFT Marketplace. “Since our...

One of the most successful NBA teams – Golden State Warriors – reportedly paused all marketing endeavors related to the distressed crypto exchange FTX. The latter filed for bankruptcy last week after failing to honor its clients’ withdrawal requests. According to recent coverage, the basketball club stopped advertising all FTX products and services. The last promotion was on Monday (November 14), and it was related to Golden State Warriors shooting guard Jordan Poole. Miami...

The Seychelles-based crypto exchange – OKX – reportedly introduced a $100 million fund to aid companies with liquidity issues. The world’s largest cryptocurrency platform – Binance – launched a similar initiative to reduce the negative effects of FTX’s collapse. According to the Chinese reporter Colin Wu, OKX will distribute $100 million across numerous projects that experience significant issues after the crash of FTX. It will also help entities migrate from Solana (which...