News
Kyrgyzstan President Sadyr Zhaparov signed CBDC law giving the country’s central bank permission to launch the “digital som” in the future.
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Binance News
Founded in 2017 by Changpeng “CZ” Zhao, Binance has become one of the largest crypto asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
The Binance ecosystem encompasses diverse offerings, including the Binance exchange for cryptocurrency trading, the BNB Smart Chain enabling decentralized applications, the Binance Academy for educational content and Trust Wallet for secure asset storage and management.
BNB (BNB) serves as the driving force behind the BNB Chain ecosystem, functioning as its native cryptocurrency token. BNB originated from Binance’s initial coin offering and served as a means for users on the Binance exchange to reduce trading fees upon its launch. In 2019, Binance launched a mainnet blockchain, Binance Chain, with BNB as its coin. In 2020, Binance Smart Chain (BSC) was launched as a separate compatible blockchain alongside Binance Chain. In 2022, Binance merged the Binance Chain and Binance Smart Chain ecosystems under a single label: BNB Chain. Both chains still run parallel and serve distinct roles but are housed under a single name.
Despite its success, Binance is under constant regulatory review as authorities examine whether it complies with global financial laws. This highlights the industry’s unstable regulatory environment and has led Binance to bolster its adherence to laws and regulations in various jurisdictions. Nonetheless, its technological prowess, worldwide reach, and forward-thinking leadership solidify its position as a formidable crypto behemoth.
- Analysis
Mantra OM’s sudden collapse is mapped out through a timeline of wallet moves, rumors and reactions.
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Binance is advising global governments on setting up strategic Bitcoin reserves and crypto regulations, as countries follow the US lead on digital asset policy, its CEO said.
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Ethereum’s commitment to L2 scalability may be a “double-edged sword” for the ETH price, potentially leading to liquidity dispersion among blockchains.
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Defiance Capital founder Arthur Cheong claimed that centralized exchanges are turning a blind eye to market makers creating artificial crypto prices.
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Amazon’s AWS powers some of the world’s leading crypto exchanges with high-throughput cloud infrastructure for crypto trading, presenting a central point of vulnerability.
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Mantra CEO John Mullin has denied insider dumping and outlined plans for OM token recovery and ecosystem support after the token’s collapse, which could include buybacks.
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Mantra CEO John Mullin denied reports suggesting there were insider sales by investors like Laser Digital before the 90% crash of its OM token.
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Former Binance CEO Changpeng Zhao denied reports that he agreed to testify against Justin Sun, calling the WSJ story baseless and politically motivated.
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The SEC and Binance have recently had “productive discussions” in their nearly two-year legal battle, a court filing says.
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Justin Sun cast doubt on the rumors, stating that he has “full trust” in the US Department of Justice and Changpeng “CZ” Zhao.
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Elsewhere, an industry panel told Cointelegraph that the crypto bull market probably hasn't even started yet.
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Binance is set to launch LDUSDt, a new reward-bearing margin asset that users can obtain by swapping USDt from its Simple Earn product, emphasizing that it is not a stablecoin.
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BitMEX CEO Stephan Lutz said observing how exchanges influence perpetual swap contracts can help traders avoid pump-and-dump schemes.
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Factors such as team commitment, development activity, and responsiveness to Binance’s due diligence requests were considered during the evaluation process.
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