Sun, March 9

Binance Stockpiled MATIC Tokens Worth $43M in a Day! But Why?

Whale Alert, the cryptocurrency transaction tracker, and analyzer reported that in the last 24 hours, the polygon (MATIC) token witnessed six massive whale transactions.  According to the Whale Alert report, there were 140 million Polygon tokens moved by whales in the last 24 hours. The top transaction of the day

April 10, 2023 1 min read

Will Binance Choose To Disclose Ownership To Avoid Another FTX Chaos?

In the wake of the FTX’s fall, most regulators and lawmakers worldwide are tightening their regulatory stance towards the crypto industry. Specifically, the US regulators — SEC, and CFTC – pulled in major crypto exchanges including Binance, Coinbase, and Kraken under their keen regulatory radar. Binance, the largest cryptocurrency exchange,

April 10, 2023 3 mins read

Binance Futures Issue Resolved, CZ Cites Server Issues As Reason

The largest cryptocurrency exchange in the world, Binance, reported that its “Futures users were experiencing some wide problems with the platform.” It stated that its team is attempting to find a solution and that users will receive updates as they become available. Changpeng Zhao (CZ), CEO of Binance, made the

April 10, 2023 1 min read

Binance U.S. Looking For a New Banking Partner

A recent tweet states that Binance’s U.S. division faces challenges finding a suitable new banking partner. The objective is to see a financial institution that can securely handle the cash deposits made by Binance users. Binance’s U.S. arm is actively searching for a new banking partner after the recent collapse

April 9, 2023 2 mins read

Crypto Exchange Binance Shuts Down Derivatives Offering in Australia

On Thursday, the Australian Securities and Investments Commission (ASIC) said that it would be revoking Binance’s Australian financial services (AFS) licence, which had been issued to the company under the name Oztures Trading Pty Ltd. In response to Binance’s request for cancellation, ASIC confirmed that the termination of the licence

April 6, 2023 2 mins read

Shiba Inu Is an Accepted Payment Mode in Georgia

In Georgia, Shiba Inu, Bitcoin, Ethereum, and 70 more cryptocurrencies can be applied to commercial purchases. Binance Pay’s integration with CityPay, a Georgia-based payment system, has expanded crypto payment options for more than 600 merchants across the geography. Nothing like a week at the Radisson Hotel in Georgia, paid for

April 6, 2023 2 mins read

The Pros and Cons of NFTs (Non-Fungible Tokens) in the Art World

NFTs, ‘Non-Fungible Tokens’ are digital assets. These assets are stored in the blockchain and can be owned similar to cryptocurrencies. The term ‘non-fungible’ refers to everything that is irreplaceable or unique. The term ‘token’ refers to the authority of ownership or proof.  There are several sorts of NFTs other than

April 6, 2023 4 mins read

Lido DAO Witnessed a Mighty Whale By Binance Ahead of Shanghai Upgrade

The whole crypto market is eagerly waiting for Ethereum’s upcoming Shanghai upgrade. The anticipation for the Shanghai upgrade is increasing day by day. At the same time, Etherscan reported that a whale received 1.52 million Lido DAO (LDO) tokens worth $4 million from the world’s largest crypto exchange, Binance. The

April 5, 2023 2 mins read

Dubai Regulatory Authority Demands Binance Disclose Additional Information

Dubai and the UAE have officially requested further information from Binance on the company’s auditing procedures and ownership structure. More crypto regulation has prompted the request, Bloomberg reports, from firms looking to get a crypto license. As per sources, the requests are due to the massive FTX collapse that occurred

April 5, 2023 2 mins read

Fake News of Interpol Red Notice on Binance CEO CZ Put to Rest

On Twitter, people are sharing what seems to be a doctored picture. A picture of Binance CEO Changpeng Zhao (CZ) on Interpol’s red notice webpage suggests the cryptocurrency company is in deep legal danger. CZ claims the photo was doctored with Photoshop. This is a photoshopped image. 4 https://t.co/vE5XlvvuQt —

April 4, 2023 2 mins read