Binance Walks Away From FTX Acquisition
The world’s largest exchange said on Wednesday that it will not pursue the potential acquisition of Sam Bankman-Fried’s FTX. Binance walks away from FTX deal following due diligence. Firm also…
Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly
FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s…
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Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…
The Exchange War: FTX Faces Liquidity Crisis
The exchange war has begun. The Binance CEO publicly dukes it out with the FTX co-founder as rumors of FTX and Alameda Research financial distress fly. The below is an…
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Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator
The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator…
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Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth…
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India Freezes Additional Bitcoin Amid Mobile Gaming App Investigation
India’s Enforcement Directorate (ED) says it has frozen 44.5 more bitcoins as part of an ongoing money laundering investigation into mobile gaming app E-nuggets. The authority has already frozen nearly…
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Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs
The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocurrency exchange Binance to offer non-fungible tokens (NFTs) of some of its most valuable artworks. Proceeds from…
This Month at Binance: Innovation Never Stops
September has been one of the busiest months at Binance this year. Last month the world’s largest crypto exchange by trading volume kicked off the inaugural Binance Blockchain Week Paris,…
Binance CEO Changpeng Zhao Believes Decentralization Is Part of a ‘Gradient Scale’
Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated…