Tag: Binance

Binance is a cryptocurrency exchange that allows users to trade more than 100 different digital assets. It has been considered the largest trading volume exchange platform in the world since 2018.
Legal form: company
Founder: Changpeng Zhao
Foundation: July 2017
Type: exchange, bitcoin trading, cryptocurrency trading
Website: www.binance.com

Changpeng Zhao: looking at possibly owning banks

During an interview done by the Bloomberg team at the Web Summit conference in Lisbon, Zhao said that he is willing to make minority investments or pursue outright acquisitions in order to reach the previously stated objective. Changpeng Zhao, CEO and founder of Binance, said that he is contemplating purchasing banks in an effort to further bridge the gap between conventional banking and cryptocurrency. “There are individuals who possess...

Binance, Elon Musk, Exchanges, People, Twitter

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Osmosis gets listed on Binance and soars 20%

Only a few hours ago, Osmosis was listed on the popular cryptocurrency exchange Binance.The value of their token has gone up by more than 21% because of this announcement. CoinGecko lists Osmosis (OSM), a DEX developed by Cosmos, as the sixty-fourth biggest digital asset by market cap. At $8.50, it is still 86% behind its record high of $11.25 set in March. By mid-May, it had dropped below $2.00. The most recent price of OSMO was $1.57. #Binance...

$OSMO, Binance, COSMOS, Cryptocurrencies, DeFi, Front page

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UniLend V2 Launched: Becomes 1st True Permissionless Lending & Borrowing Protocol

The UniLend team is looking to revolutionise the lending and borrowing scene in the DeFi space by launching its much awaited V2 testnet on the Goerli chain today. It is the first ever protocol that claims to “Make Every Digital Asset Productive”. Earlier, UniLend Finance CEO, Chandresh Aharwar, unveiled the version of the UniLend Dapp for the first time on Binance Live, calling it “The world’s first true permissionless lending and borrowing...

Airdrop, Binance, dApps, DeFi, Ethereum, Press release, UniLend

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BNB Cross-Chain Bridge Hacked

After a short downtime Thursday night due to reports of an exploit, which proved out to be genuine, Binance’s BNB Smart Chain (BSC) went back up early Friday morning. Binance said that on Thursday, additional BNB were created on the exchange’s cross-chain bridge, BSC Token Hub, leading to a theft of at least $70 million (Cointelegraph). With a market worth of almost $46 billion, BNB is the fourth biggest digital asset. The price...

$BNB, Binance, Front page, Hacks

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Circle adds 5 new blockchains after Binance delisting

On Wednesday, Circle, the firm behind the second biggest stablecoin in the world, said that it will be expanding USDC‘s availability to five more blockchains. The company behind USD Coin (USDC) and Euro Coin (EUROC), Circle Internet Financial, has shared plans to expand into five other major blockchains. In early 2023, Circle intends to introduce its stablecoin on the following blockchains: Arbitrum, Cosmos, NEAR, Optimism, and Polkadot....

$USDC, Binance, COSMOS, Cryptocurrencies, Front page, Stablecoins

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BNB Chain announces zero-knowledge scaling technology

Binance’s main BNB chain has announced the release of its zero-knowledge-proof scaling technology, zkBNB.  As a precautionary measure to ensure scalability, zkBNB was released on the BNB Chain testnet on September 2nd, far ahead of its official launch in November. According to BNB Chain, zkBNB will improve both the user experience and scalability metrics like transactions per second. Vitalik Buterin, Ethereum’s creator,...

$BNB, Binance, Cryptocurrencies, Exchanges, Front page

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Binance will stop supporting rival stablecoin USDC

Binance, the issuer of the world’s third-largest stablecoin, said on Monday that, beginning on September 29, it would convert customers’ holdings in USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) in an effort to “improve liquidity and capital-efficiency for consumers.”, a decision that has perplexed many crypto fans. As a result of the move, the world’s largest crypto exchange...

$BUSD, $USDC, Binance, Front page, Stablecoins

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Nigeria plans to create a virtual free zone with Binance

The Nigerian government and the cryptocurrency exchange Binance have conducted an initial meeting to discuss the possibility of establishing a special economic zone in Nigeria that would provide assistance for firms linked to blockchain technology and cryptocurrencies. The National Economic and Production Zones Authority (NEPZA), which helps oversee and run free zones in the nation, desires that the end product be comparable to Dubai’s...

Binance, Crypto adoption, Cryptocurrencies, Exchanges, Front page

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Binance Has Expanded Its Zero-Fee Bitcoin Trading Worldwide

Earlier this month, the crypto exchange began rolling out a program to its worldwide customer base that had been piloted in the United States. A broad selection of bitcoin spot trading pairs is being offered free of trading costs in celebration of the fifth anniversary of Binance, the world’s top blockchain ecosystem and cryptocurrency infrastructure provider. Binance has traditionally maintained one of the lowest spot trading costs in...

Binance, Cryptocurrencies, Exchanges

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Binance to list LUNA Terra after the upgrade, but with a trick

After a successful airdrop last week, Binance, the world’s biggest cryptocurrency exchange, announced that it would list the LUNA coin. However, Binance’s “innovation zone,” a trading platform for new, high-risk tokens, will offer the token. Binance, the world’s largest cryptocurrency exchange by trading volume, will list LUNA (LUNA) after the upgrade. The exchange plans to include LUNA in its upcoming Binance Chain...

$LUNA, $UST, Binance, Cryptocurrencies, Exchanges, Front page, Stablecoins

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