The world’s largest crypto exchange kept weak know-your-customer (KYC) checks and did not properly cooperate with authorities, despite its public promises about compliance, Reuters said in an investigative report published Friday. The report was based on interviews with dozens of former employees of Binance, advisers and business partners, as well as the review of hundreds […]
Cryptocurrency exchange Binance implemented its first-ever binance token (BNB) auto-burn program last quarter, removing over 1.6 million BNB tokens worth $750 million from circulation. Under the new program, the number of tokens to be burned is arrived at using a formula based on the total number of blocks produced on the Binance Smart Chain, a […]
Binance has agreed to set up a cryptocurrency exchange with Thailand’s Gulf Energy Development. Gulf Energy Development, a publicly traded holding firm, informed the Thai Stock Exchange Monday that its subsidiary Gulf Innova is to study developing a digital asset exchange with Binance. Gulf Energy Development says it foresees “rapid growth in digital infrastructure” in […]
Tranchess, an asset tracking DeFi protocol that prioritizes risk-managed solutions, announced that it has launched a BNB fund as a BSC validator, pivoting the protocol away from purely generating revenue from token emission (the creation and sale of new tokens).
The e-commerce space is large and within it, crypto has been slowly finding a home. All around the world, merchants are integrating ways for customers to pay with cryptocurrencies on their websites to meet growing demand. This is why Uquid, a large e-commerce website, has partnered with Binance Pay to enable its customers to pay […]
Binance makes another major strategic move in one of the world’s biggest cryptocurrency miner regions. Binance makes another major strategic move in one of the world’s biggest cryptocurrency miner regions. Continue Reading
Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider. Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a […]
Burning BNB, which involves sending tokens to an inaccessible wallet, effectively removes them from circulation forever. It was initially introduced as a mechanism to accrue value and grow Binance. But as the broader crypto market grew and Binance Smart Chain was launched, BNB found uses beyond simply being an exchange token. It is the third-largest […]
Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, believes the contribution of central banks digital currencies (CBDCs) will be broadly positive to the crypto world, but warns issuers against isolating them from the broader ecosystem.