According to the announcement, WazirX has until the end of the day UTC on Feb. 3 to withdraw all remaining funds it stores in Binance wallets.
Founded in 2017 by Changpeng Zhao (commonly known as CZ), 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.
Binance offers a range of products including crypto futures trading, margin trading and lending, powered by centralized and decentralized exchange platforms.
In April 2019, the company launched its own blockchain, Binance Chain, which is secured by a delegated proof-of-stake consensus. Binance Coin (BNB) is the protocol currency for the blockchain as well as the utility token for Binance’s exchange services. Binance Launchpad is a token sale platform that assists in launching blockchain ventures.
In the three years since its launch, Binance has become home to a variety of projects and initiatives ranging from exchange services, blockchain protocols and charity work, to venture accelerators — maintaining momentum through a constant dance of regulatory arbitrage as the exchange extends and launches services in jurisdictions across the world.
With the new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi.1142
The documentary will examine the dynamic relationship between Sam Bankman-Fried and Binance founder Changpeng Zhao.3814
The crypto market is down today as Bitcoin and stocks correct and investors await Powell’s comments on the size of the next interest rate hike and the health of the US economy.148236
The testnet of the proposed Web3 infrastructure — built by the BNB Chain core team — is supported by community developer teams from Amazon Web Services, NodeReal and Blockdaemon.6362
Positive signs of Bitcoin’s recovery can be seen in on-chain, spot exchange and futures data.4771
The Binance Card will let Brazilians make purchases in crypto, with real-time conversion from 14 crypto assets to fiat at the point of sale4208
Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation.5781
While the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades.30009
Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius’ crypto assets.5552
Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1.6656
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.5760
Lawyers believe that NFT court orders could help reach defendants that cannot be contacted using ordinary means.9062
Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus.10631
New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.4315