Thu, July 24

Binance All Set To Burn 1.99M BNB Tokens in 24th Quarterly Burn

According to the BNB burn portal, Binance will burn 1.99 million BNB tokens as part of its 24th quarterly burn mechanism. To reduce the total number of BNB tokens in circulation, Binance has implemented a process called BNB Auto-Burn. The BNB price has been stuck around the $250 mark for

July 18, 2023 1 min read

Coinbase Dumps 11% as ARK Invest Books $91 Million Profit

The renowned growth-focused fund ARK Invest, led by Cathie Wood, has revealed its ongoing offloading of Coinbase shares as the COIN continued to surge. The disclosure indicates that the firm sold 248,838 COIN shares, valued at just over $26 million based on Monday’s closing price of $105.55, which falls just

July 18, 2023 2 mins read

Binance Introduces Multiple Deposit Addresses for a Single Network Feature

A new feature that will enable customers to obtain several deposit addresses for a single network has been unveiled by Binance. At launch, it supports ERC20 tokens issued on the Ethereum network as well as tokens issued on Ethereum-compatible networks such as Arbitrum One and BNB Smart Chain. In the

July 17, 2023 2 mins read

Binance Enables Lightning Network for Bitcoin Transactions, Bullish?

Binance announced that it had completed the integration of the Bitcoin Lightning Network (LN). The crypto exchange has enabled this layer-2 scaling solution for Bitcoin (BTC) withdrawals and deposits. #Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open.

July 17, 2023 1 min read

Bank of America Allegedly Closes Crypto Purchasing Bank Account

On Wednesday, Muneeb Ali, co-founder of Stacks, a Bitcoin layer for smart contracts, disclosed on Twitter that Bank of America (BOFA) had abruptly cancelled his bank account of 15 years without providing an explanation. He thinks the account was closed because he used it to buy crypto using Coinbase. Coinbase

July 16, 2023 2 mins read

Cathie Wood Dumps Coinbase Shares; Buys Meta & Robinhood Stocks

As Coinbase stock prices near a 52-week high, Ark Invest, the investment management business run by Cathie Wood, has liquidated some of its holdings in the company. After acquiring millions of dollars’ worth of Coinbase shares during the bear market, Ark Invest sold off part of its holdings twice this

July 15, 2023 2 mins read

FTX’s Former CEO SBF Seeks Visitation Privileges Without Security

The solicitors for Sam Bankman-Fried (SBF) asked Judge Lewis Kaplan for permission to have specific visitors see their client without going through security checks. Despite being permitted to live with his parents, the former FTX CEO is subject to several constraints. If he has visitors over, a security guard must

July 15, 2023 2 mins read

Binance Celebrates Sixth Anniversary; CEO Changpeng Zhao Delivers Key Note

Today marks Binance’s sixth anniversary. To mark the occasion, the founder and CEO of the world’s largest exchange Changpeng Zhao (CZ), has reflected on a number of moments in the platform’s history. The company’s chief executive said in a statement that Binance began operations in 2017 as a crypto-to-crypto exchange supporting five currencies

July 14, 2023 3 mins read

Binance Promotes Eleanor Hughes to the Position of General Counsel

After the departure of Han Ng, Binance hired Eleanor Hughes to fill the position of general counsel. Last week, not only Ng, but also the chief strategy officer of Binance Patrick Hillmann, and the senior vice president of compliance at the cryptocurrency exchange, Steven Christie, resigned from their positions, leading

July 13, 2023 1 min read

Coinbase vs SEC Lawsuit: Court Room Hearings Begin

Coinbase, the second largest cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) entered the courtroom today for the first time as part of the SEC’s lawsuit against the crypto exchange. The outcome of this legal battle holds implications not only for Coinbase but also for the global crypto

July 13, 2023 2 mins read
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