News
“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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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
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.
8467 - News
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.
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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.
6788 - Spotlight
As new tokens search for traction, BNB Chain offers as a potential network for launch, trading and early participation.
27578 - Altcoin Watch
Solana’s rising TVL and fees support a potential SOL price rally to $200.
6480 - 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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Bhutan’s tourism department and Binance said the new venture is the “world’s first national-level crypto tourism payment system.”
8043 - News
The European exchange-traded product will hold CRO, the native token of Crypto.com's affiliated blockchain network, Cronos.
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The native token of Binance's BNB Chain could tap $1,275 by the end of 2025, the asset manager said.
6853 - Market Analysis
Bitcoin’s Coinbase premium drops below zero, signaling a bearish sentiment and potential volatility amid CME gaps on both sides of the market.
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