An investment fund for blockchain and web3 companies by Binance Labs has been established with $500 million from Binance, the cryptocurrency exchange. It was revealed in a blog post published on Wednesday that private equity organizations such as Breyer Capital, Whampoa Group, and DST Global Partners participated in the funding.
Binance has a watchful eye over every step they proceed. El-Salvador is in the process of becoming crypto capital. Binance, the largest crypto exchange platform, recently seems to have appointed 40 people and is planning to employ 60 more. The employment is made for Customer Service Representative roles in bilingual
The meme coin has made up in the market capitalization pushing itself up in the list of largest cryptocurrencies in the market.. Dogecoin (DOGE) has a current market cap of $11 billion and Polkadot (DOT) has $10 billion, according to CMC at the time of writing. The price of DOGE
Additional security is needed for crypto-oriented platforms because of the inherent hazards. There will be a screening process on the Binance platform. To ensure sanctions compliance and protect the Binance platform from the possibility of unlawful crypto transactions, the well-established cryptocurrency exchange has teamed with two companies, including analytical data
Terraform Labs plans to create a new blockchain named Terra 2.0. The airdrop of new LUNA tokens began on May 28th, 2022. Some of the most well-known cryptocurrency exchanges, including Binance, FTX, Crypto.com, Huobi, Bitfinex, Bybit, Gate io, Bitrue and Kucoin, have promised their support for a forked version of
The absence of an official headquarters has led to regulatory scrutiny of the exchange. The exchange has inked a memorandum of understanding with the Kazakh government. Binance, the world’s biggest cryptocurrency exchange by volume of transactions, is now a legally recognized organization in Italy. According to a news statement issued
On Thursday, a group of former executives from Binance, one of the world’s largest cryptocurrency exchanges launches a $100 million venture fund to support Old Fashion Research (OFR). Old Fashion Research (OFR) was established in late 2021 by managing partners Ling Zhang, who was recently vice president of M&A and
The money of Binance customers is never combined with the company’s own. CZ had previously worked for Bloomberg Tradebook and the Tokyo Stock Exchange. Users would get a refund before shareholders if Binance went bankrupt, according to CEO Changpeng Zhao (CZ). The CEO remarked a May 21st Ask me anything
LUNA team was unable to create enough “revenue” to keep it going. The incentives utilized to attract new investors were not sufficient to keep pace. Following the recent Terra ecosystem collapse, Changpeng Zhao, the CEO of Binance, has continued to express his thoughts on the matter. According to a recent
At the time of writing, TRON (TRX) holds a market cap value of $1.014 billion USD. Whale transaction was detected around 08:22:09 UTC on May 20. The sky-high volatility of the crypto market is highly swayed by the dominant bears. Major cryptos exhibited whooping losses during the month of May,
