The time required to get a license is a huge drawback of this approach. State governments may impose their own regulations on the services. Binance US, Binance’s American subsidiary, recently announced that it has been granted a Nevada Money Transmitter License. Binance US now has licenses in a total of
PIP, a Web3 payment solution provider, has launched its services inside the Binance ecosystem, enabling Binance Smart Chain (BSC) customers to conduct transactions using Binance Coin (BNB) and Binance USD (BUSD). The PIP Extension product on the platform will be the high-tech solution that links together different Web2 social media
Ethereum fork supporters are getting ready to scrap the crucial EIP-1559. An Ethereum miner has written an open message to the community after receiving support from many industry heavyweights. Towards the end of the transition towards proof-of-stake (PoS), the Twitter account of the proposed chain-split fork, EthereumPoW, claimed that the
Malicious hacks and money laundering in the DeFi space are now in full swing. Curve.Finance, one of the top DeFi protocols, turned out to be the recent victim of nearly a $570k hack. On Friday, Binance CEO Changpeng Zhao revealed that the exchange had frozen or recovered $450,000 of the
Ethereum’s speed, scalability, and energy efficiency are all projected to improve. The Ethereum network will be upgraded to ETH 2.0 in September. According to Binance, the world’s largest cryptocurrency exchange by trading volume, the impending September Merge of Ethereum will be supported by the company. Ethereum’s long-awaited transition to a
DLT networks may have a significant impact on the amount of energy used by assets. Energy-efficient contactless payments might be implemented for CBDCs. An IMF research report on how DLT-based payment systems might have a lower energy and environmental impact than current methods was tweeted by Binance CEO Changpeng Zhao
WazirX uses an auto-matching P2P (peer-to-peer) engine. More than 450 crypto trading pairings are available on the WazirX app. WazirX is an India-based most trusted and secured cryptocurrency exchange, it has headquarters in Mumbai and was launched in 2018. The exchange uses an auto-matching P2P (peer-to-peer) engine, the P2P engine
Nischal Shetty asked in his tweets to reveal Binance’s parent company. According to Binance’s CEO, WazirX did not cooperate with them. On Saturday, the verbal scuffle between Binance CEO Changpeng Zhao and WazirX CEO Nischal Shetty reached a different level. The CEOs of both crypto exchanges are criticizing each other
SHIB payments will now be accepted at more than 60 million shops globally. Binance card has increased the number of cryptocurrencies supported to 14. The cryptocurrency Shiba Inu has been going the payments route in an effort to increase its usefulness. To capitalize on the currency’s popularity among investors, a
CEO of major crypto exchanges advised SOL investors to move their assets to their exchanges. CZ tweeted that there is an active security incident on Solana. The CEOs of prominent crypto exchanges have a recent update regarding the ongoing issues about Solana. According to the reports, Binance‘s CEO, Changpeng Zhao,
