Binance, the biggest cryptocurrency exchange in the world, said on Tuesday that it has completed the 23rd quarterly BNB token burn mechanism, destroying 2.02M BNB tokens. Through the BNB Auto-Burn process, Binance hopes to lower the total number of BNB in circulation to 100,000,000. #Binance completes the 23rd Quarterly #BNB
U.S. regulators continue their crackdown on the cryptocurrency industry, with the head of the Commodity Futures Trading Commission (CFTC) admonishing Binance Holdings Ltd over its compliance with U.S. rules. In a lawsuit against Binance and its CEO, Changpeng Zhao (C.Z.), CFTC alleged that the company and its top executive had
Users who staked ether (ETH) on Binance may now redeem their coins using their BETH holdings at a 1:1 ratio beginning on April 19 at 08:00 UTC, the exchange stated on Thursday. The Shapella hard fork, also known as the Shanghai upgrade, was executed on the Ethereum blockchain recently, allowing
Diverting their focus from the prevailing volatility in the crypto market, Hong Kong (HK) is keenly advancing towards crypto and Web3 adoption. This is evident from the crypto regulatory actions and Web3-centric events scheduled in the region. On Wednesday, Binance CEO Changpeng Zhao (CZ) connected in a candid virtual interview
While the rumor about the founder of Tron, Justin Sun, circulated over social media, Binance US, the world’s largest cryptocurrency exchange, announced that the platform will delist the TRX token starting on April 18, which is connected to Justin Sun’s Tron crypto platform. That resulted in a decline in the
Recently, Justin Sun, the creator of Tron (TRX), spoke out to the public following a rumour circulating within the crypto market claiming he had been arrested. The speculation emerged after a tweet from the ex-diplomatic representative for Grenada to the World Trade Organization (WTO). That contained the number “4” –
In an effort to further crypto adoption in Africa, cryptocurrency exchange Binance has announced a partnership with video streaming provider Showmax. As per reports, 500 Binance users in Nigeria would get a free month of Streaming after signing up to actively participate in Web3. Binance’s West Africa Marketing Director Emmanuel
Following a thorough review of the transactions related to the recent hack, it has been discovered that none of the stolen funds were deposited into Binance. However, CZ Changpeng Zhao said on Twitter that it had been found that a portion of the hacked funds was deposited into MEXC and
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
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,
