Binance destroys $450 million worth of BNB tokens in a strategic move to enhance their value, aiming for a leaner supply and scarcity-induced appreciation. Key Takeaways In a bold move to fortify its native token’s value, leading cryptocurrency exchange Binance set ablaze over $450 million worth of BNB tokens in its latest quarterly burn. This…
Circle’s entry as amicus curiae in SEC vs. Binance lawsuit adds complexity. It asserts stablecoins like USDC aren’t securities, influencing case dynamics. Key Takeaways Binance, embroiled in a regulatory quagmire with the SEC, is experiencing amplified complexities with Circle’s recent involvement in the lawsuit. Amidst an already turbulent scenario highlighted by controversies like sensitive data…
Crypto analyst Nicholas Merten warns of significant potential sell-offs in XRP ($XRP), Cardano ($ADA), and Binance Coin ($BNB) due to liquidity concerns. Key Takeaways: Respected crypto strategist, Nicholas Merten, who runs the widely followed DataDash YouTube channel, has voiced serious reservations about the future price paths for specific altcoins, including $XRP, Cardano ($ADA), and Binance…
Binance’s terminated partnership with Paxos leads to the launch of stablecoin FDUSD, and Binance plans to collaborate with other stablecoin projects. Key Points The Chief Executive Officer of Binance, Changpeng Zhao (CZ), recently revealed that the terminated partnership with Paxos has led to the introduction of the stablecoin FDUSD. In 2019, Binance and Paxos collaborated…
Cristiano Ronaldo collaborates with Binance to launch a new NFT collection, “ForeverCR7: The GOAT,” showcasing his career and exclusive benefits. Key Points The renowned football icon Cristiano Ronaldo has announced his latest venture in the digital art realm. In collaboration with global crypto exchange Binance, Ronaldo has created a collection of NFTs called “ForeverCR7: The…
The decentralized finance (DeFi) exchange project Terraport Finance announced a security breach on its liquidity wallet on April 10. The hacker reportedly drained all liquidity pools from the platform, causing losses of approximately $2 million worth of digital assets. Terraport is currently working with community members and major exchanges to secure as many of the…
ASIC (The Australian Securities and Investments Commission) has decided to cancel the derivative license of Binance after carrying out strong research on the company’s operation in the country. It was disclosed in a press release on Thursday. This means that Australian traders will not be able to increase their derivative position or add up new…
Binance US, the American branch of the global cryptocurrency giant Binance, is reportedly accused of running an unregistered securities exchange. This news comes as a shock to the American crypto community. Thanks to the SEC’s scrutiny of companies that violate securities laws in the cryptocurrency space as this revelation is part of this ongoing clampdown…
Nowadays, it’s very common for two companies who sell or offer similar goods or services to rival as both companies want to snatch each other’s customers and want to be at the top. A new rivalry added to this long list that creates havoc among the Crypto community. The Binance-WazirX dispute is causing quite a…
