Fri, March 29

Crypto Exchange Binance Mints 50 Million TrueUSD (TUSD)

Binance, a cryptocurrency exchange, has minted roughly $50 million worth of TrueUSD in only a few days after news surfaced that US regulators were looking into Paxos and Binance USD. According to Etherscan, the transaction occurred on February 16 and came only two days after Binance CEO Changpeng Zhao “CZ”

February 17, 2023 2 mins read

Crypto Exchange Binance Launches Mastercard Debit Card in Brazil

Binance, the world’s biggest crypto trading platform, has released a Mastercard debit card in the country of Brazil. Binance now offers its customers a debit card that can be used at any location that accepts Mastercard to make purchases using their cryptocurrency holdings. In addition to the many places where

February 16, 2023 1 min read

$1.4 Million Worth of Stolen Funds Frozen by Binance and Huobi

Binance and Huobi, two major cryptocurrency exchanges, have once again frozen accounts. This time its related to the June 2022 $100 million Harmony Horizon bridge attack. The trading platforms blocked almost $1.4 million in cryptocurrency that was traced to accounts associated with the infamous Lazarus Group in North Korea. Based

February 15, 2023 2 mins read

Binance Appoints Former Gemini Executive as New CCO

The largest cryptocurrency exchange Binance onboarded Noah Perlman, crypto exchange Gemini’s former C-suite executive, as its new Chief Compliance Officer. Evidently, Binance is reinforcing its compliance team through significant hiring to insulate itself from growing regulatory scrutiny. The news about this prominent hiring was first reported by Bloomberg on Monday,

February 15, 2023 2 mins read

Binance Praises ChatGPT Over Assisting Crypto Adoption and Education

Binance has published a blog post endorsing ChatGPT and highlighting the platform’s potential for advancing crypto adoption and education. The chatbot created by OpenAI has gone viral, becoming one of the most popular consumer apps ever. In a recent post, the crypto trading platform gushed over the revolutionary possibilities of

February 14, 2023 2 mins read

SEC Scrutiny Against Paxos Led Massive Binance Withdrawals

Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users.  The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then

February 14, 2023 2 mins read

Crypto Exchange Binance Withdraws Tron Network Withdrawal Fees Hike

As a result of user criticism, the biggest cryptocurrency exchange by trading volume stated on Saturday that it has restored previously-set withdrawal limitations on the Tron network. After the Tron DAO voted to change the energy pricing technique used on the network, Binance announced that it will be increasing fees.

February 12, 2023 1 min read

Binance Incorporates zk-SNARKs Into Proof-of-Reserve Verification System

Binance, a cryptocurrency exchange, stated on February 10 that it will be using zk-SNARKs. As part of its proof-of-reserves verification system. A cutting-edge technology that the company claims would enable it to validate its reserves in a more secure, transparent way. Proof-of-reserve verification became an important part of the cryptocurrency

February 11, 2023 1 min read

Binance to Adjust Tron (TRX) Network Withdrawal Fees

Binance will change withdrawal fees on the TRON (TRX) Network in accordance with the most recent proposal 83 that the TRON (TRX) community accepted in order to switch the energy charging system to a dynamic energy model. #Binance will adjust the TRON Network Withdrawal Fees. This adjustment is in line

February 10, 2023 1 min read

Binance’s Audit of Crypto Holdings and Liabilities Not Coming Soon

Following the demise of rival cryptocurrency exchange FTX, there have been demands for more openness, and a comprehensive audit of Binance is still outstanding. Binance’s Asia-Pacific president Leon Foong said on Wednesday that the exchange’s complete audit of its cryptocurrency holdings and liabilities would take longer than first anticipated. When

February 8, 2023 1 min read