World Liberty Financial’s WLFI token debuted with 25% of supply unlocked, valuing the project above US$30B. Trading volumes exceeded US$2.5B, boosted by Binance and other exchange listings. Early sell pressure pushed WLFI down 12%, leaving a market cap of nearly US$7B. World Liberty Financial launched its WLFI token on 1Continue Reading
Binance has appointed SB Seker as its new head of Asia-Pacific operations, tasking him with strengthening regulatory relations and driving strategic growth in the region. Seker’s appointment comes amid significant regulatory pressure on the exchange, including an order from AUSTRAC for an external audit of its Australian subsidiary due toContinue Reading
An OG Bitcoin whale transferred 750 BTC, valued at around US$83 million, to Binance on August 27 sparking speculation they’re looking to take profits. The whale first acquired their bag of 5,000 BTC in 2013 at an average price of US$332. They’re now believed to have sold 1,750 BTC forContinue Reading
PRESS RELEASE. Binance is a curious company. the world’s largest cryptocurrency exchange, it also has no official headquarters and operates outside regulatory control. But that may not stop its step. Binance.US raised funding at a $4.5bn valuation this month, providing a new case for Binance enthusiasts. Today, they can shareContinue Reading
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved. Binance’s LUNA Tokens Not Sold AfterContinue Reading
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post thatContinue Reading
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain. Spanish Securities Regulator Sets Eyes on BinanceContinue Reading
NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today’s surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with MastercardContinue Reading
Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion of neighboring Ukraine. Binance Consented to Russian Request for Customer Info,Continue Reading
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like AnimocaContinue Reading
