News
Binance is cracking down on bot abuse in its Alpha Points early-access program after detecting coordinated bot farming activity.
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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.
- News
The SEC and Binance have filed a joint motion to end a nearly two-year legal battle in the agency’s latest backdown from its prior crypto enforcement actions.
8424 - News
Bubblemaps aims to offer forensic-grade analytics tools for Web3 users to help navigate the rise of insider scams and rug pulls in the crypto industry.
2933 - Market Analysis
Bulls launched a futures market-driven attack on BTC’s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday?
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“I am not a fixer,” Binance co-founder Changpeng Zhao said in an X post, denying a WSJ report that he introduced tech entrepreneur Bilal bin Saqib to the World Liberty Financial team.
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UK judges rejected a $11.9 billion claim from BSV investors, ruling that they could have mitigated losses after Binance and others had delisted the token.
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Crypto travelers tend to have higher spending per transaction, greater loyalty and more frequent bookings.
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Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud.
3765 - News
Binance says all members of a class lawsuit alleging it sold securities should be sent to arbitration, claiming they waived their ability to sue the crypto exchange under its terms of use.
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The co-founder of Telegram-based crypto project Blum, Vladimir Smerkis, is in custody in Moscow over accusations that he committed large-scale fraud, TASS reports.
7225 - Spotlight
As new tokens search for traction, BNB Chain offers as a potential network for launch, trading and early participation.
28338 - Altcoin Watch
Solana’s rising TVL and fees support a potential SOL price rally to $200.
6556 - Overview
A number of high-profile crypto firms have announced relocations or expansions in the United States this year.
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Changpeng Zhao has confirmed that he sought a pardon from Donald Trump for his money laundering conviction, reversing his earlier denial of reports that he had made the request.
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The network's token price and onchain metrics are rising after a period of stagnation in 2023.
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