Tag Archives: Binance

Changpeng Zhao – Chief Executive Officer of Binance – revealed that Binance US (the American arm of the cryptocurrency exchange) plans to raise hundreds of millions of dollars in a funding round. Additionally, Binance will soon disclose where its new headquarters will be. Funding Rounds Before The IPO Speaking at the Bloomberg New Economy Forum in Singapore, Zhao (commonly known as CZ) admitted he does not know the exact number of the fresh funding. However, it will be a...

Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio. CZ Bought Bitcoin in 2014 Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of his Binance Coin (BNB) holdings, he still has some BTC that he purchased a few years after Bitcoin’s launch. The Binance boss admitted that he had...

Binance believes the future of crypto needs to be user-focused. Amidst mounting regulations, the CZ-led cryptocurrency exchange has published a list of what it considers to be the basic rights for every digital asset user. Beyond the hype of Bitcoin (BTC) and Dogecoin (DOGE), Binance stated that there is more to the cryptocurrency sector. Its constitution-like document “10 Fundamental Rights for Crypto Users” emphasizes the need for financial inclusion, privacy, among...

The NFT marketplace of the leading cryptocurrency exchange will host the digital collections of soccer legends such as Alessandro Del Piero, Christian Vieri, and Gabriel Batistuta. With the growing demand for non-fungible tokens, Binance launched such a marketplace earlier this year and has already become the home of many digital collections, including some from the soccer space. The company announced the latest NFT set to go live on its platform in a press release seen by...

The US branch of the leading cryptocurrency exchange explained that yesterday’s severe flash crash that saw BTC’s price dumping from $65,000 to $8,700 in mere seconds was because of a bug in the trading algorithm. CryptoPotato reported yesterday when the price of bitcoin nosedived from its near all-time high level to below $10,000 on Binance US. Other trading platforms, such as Kraken and FTX, also saw flash crashes as BTC dropped more on those two exchanges than it did in...

After yesterday’s new all-time high at $67,000, bitcoin corrected today with a steep decline to below $64,000. On some exchanges, though, the crash was significantly more violent as BTC dropped as low as $54,000 on Kraken and to four digits on Binance.US. October 20th was a historic day for the primary cryptocurrency as it finally skyrocketed above its previous all-time high and peaked at $67,000. It happened on the wings of the recently approved Bitcoin Futures ETF in the...

Binance recently completed its 17th token burn. Over 1 million BNB were removed from circulation, comparable to previous burns. However, due to increased token value, this is the highest value burn of BNB to date. Binance announced the recent burn on their site earlier today – the 17th burn since the first in October 2017. According to the exchange, 1,335,888 BNB were removed. In dollar terms, this equals $639,462,868 at the time of the burn. Specifically, 1,318,049 BNB were...

Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot. In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November. “A separate announcement will be posted with more details. Please stay tuned for the upcoming initiatives!,” the exchange said....

Binance – the world’s largest cryptocurrency exchange – recently hired Mark McGinness as its Chief Regulatory Liason Officer. McGinness is a former Head of International Relations at the Dubai Financial Services Authority (DFSA). How McGinness Helps Binance According to a press release shared with CryptoPotato, the hire is part of Binance’s effort to better cooperate with regulators. They’ve made many recent hires for similar purposes, expanding its compliance team by over...

The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem. Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain. According to the official release, the program will be divided into four groups, each one of which aimed at different goals and challenges. $100 million will go towards...