News
Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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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
According to Changpeng Zhao, European countries, with the exception of Montenegro, were largely lagging behind the US and Asia on crypto adoption.
3313 - News
Mantra has cited broader industry factors as contributing to the recent collapse of its OM token, with CEO John Mullin calling on exchanges to reassess their leverage policies.
3209 - News
The new data compression layer may address centralization risks in the crypto industry, such as the recent outage by Amazon Web Services.
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After the US rejected the idea of a CBDC following Trump's election, it’s yet to be seen whether other countries have any success with their national digital currency projects.
2847 - Market Analysis
Data shows Bitcoin price is 40% undervalued, and the sharp uptick in spot BTC ETF purchasing suggests that institutional investors agree.
10688 - Spotlight
While the market slowed down, BNB Chain kept building by reinforcing tokenomics, growing liquidity and advancing real-world crypto utility.
14444 - News
The cryptocurrency exchange is offering a portfolio management feature that’s commonly used in traditional futures and securities markets.
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Crypto markets see $635 million in liquidations as Bitcoin surges past $94,000, with traders eyeing a potential short squeeze toward $100,000.
9067 - News
Binance will require South African users to provide sender and receiver details for deposits and withdrawals starting April 30.
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US District Judge Barbara Rothstein said she granted the motion because the two lawsuits were very similar and it would promote efficiency and avoid duplicative litigation.
11492 - News
Kyrgyzstan President Sadyr Zhaparov signed CBDC law giving the country’s central bank permission to launch the “digital som” in the future.
4049 - Analysis
Mantra OM’s sudden collapse is mapped out through a timeline of wallet moves, rumors and reactions.
2885 - News
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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