Binance

Binance Freezes $4.2 Million in XRP Following Major Hack on Ripple Co-Founder’s Wallets

As CryptoGlobe reported, on January 31, the cryptocurrency world was shaken by the news of a massive hack targeting Ripple co-founder Chris Larsen’s personal wallet, resulting in the theft of $112 million worth of XRP. This incident has been marked as the largest hack of 2024 to date. Larsen, who is the executive chairman of […]

Binance’s Review of 2023 and Outlook for 2024: Bitcoin Narratives, AI Integration, RWAs, and Institutional Adoption of Crypto

In their comprehensive report titled “Full-Year 2023 & Themes for 2024,” Binance provided an in-depth analysis of the cryptocurrency market’s performance in 2023 and its potential trajectory in 2024. Bitcoin Narratives at the Forefront Binance notes that Bitcoin remained a central focus throughout 2023, driven by various factors such as the Ordinals/BRC-20s, the approval of […]

Binance CEO Richard Teng Reflects on 2023: User Growth and Strategic Developments Amid Legal Challenges

In a detailed year-end reflection, Richard Teng, who took over as CEO of Binance on November 21 following Changpeng Zhao’s (“CZ”) resignation amidst legal challenges in the U.S., provided a comprehensive overview of the company’s performance in 2023. Teng’s tenure began during a pivotal period for Binance, marked by significant growth and strategic evolution. Under […]

Leading Altcoin Could Surge Over 25% After Forming Bullish Pattern, Popular Crypto Analyst Suggests

Popular cryptocurrency analyst Ali Martinez has recently noted that the native token of Binance’s ecosystem Binance Coin, could be forming a head and shoulders pattern that could see its price rise more than 25%. According to Martinez, Binance Coin’s head and shoulders pattern could “ignite a bullish breakout” which would propel it toward the $310 […]

How the US Justice Department Will Be Monitoring Binance’s Operations: Former SEC Lawyer John Reed Stark Calls It a ‘Financial Colonoscopy’

Yesterday, John Reed Stark, a former Chief of the SEC’s Office of Internet Enforcement and currently the president of Stark Consulting, shared his thoughts on the significant legal challenges facing Binance. Stark’s analysis, posted on social media platform X on 9 December 2023, dives into the implications of recent U.S. Department of Justice (DOJ) filings […]

Binance Co-Founder CZ Confined to U.S. Soil: Court Rules on Travel Before Sentencing

A federal judge in Seattle made a ruling yesterday that restricts former Binance CEO Changpeng Zhao (better known in the crypto space by his nickname “CZ”) to travel within the United States until his sentencing in February 2024. On December 6, 2023, Zhao’s guilty plea to one count of violating the Bank Secrecy Act was […]

Binance CEO Richard Teng: We ‘Maintain 1:1 Backing for Every User Asset’

In a significant leadership shift on 21 November 2023, Changpeng Zhao (CZ), co-founder of Binance, stepped down as CEO, passing the reins to Richard Teng. Teng, who joined Binance Singapore as CEO in August 2021, stepped into his new role with a blend of humility and honor, recognizing the visionary groundwork laid by CZ. In […]

JPMorgan’s Head of Global Market Strategy on Binance’s Settlement With DOJ and Impact on Crypto Markets

On 25 November 2023, Nikolaos Panigirtzoglou, head of cross-asset market strategy at JPMorgan, shared his insights on LinkedIn regarding the Binance settlement and its broader implications for the cryptocurrency ecosystem, particularly in the context of regulation and market dynamics Panigirtzoglou began by emphasizing the significance of the Binance settlement in reinforcing a shift towards regulated […]

At Sentencing, U.S. Justice Department May Argue That CZ Should Be Sentenced to 10 Years in Prison, Says Former SEC Lawyer

Yesterday, John Reed Stark, a former Chief of the SEC’s Office of Internet Enforcement and currently the president of Stark Consulting, shared his expert analysis on the U.S. Department of Justice’s (DOJ) case against cryptocurrency exchange Binance and its former CEO, Changpeng Zhao (better known by his nickname “CZ”). Key Points from Stark’s Analysis: Charges […]

Former SEC Branch Chief Lisa Braganca Analyzes Binance Probe and Crypto Industry Impact

Lisa Braganca, a former U.S. SEC branch chief, appeared on CNBC’s “Squawk Box” to discuss the criminal investigation into Binance following founder Changpeng Zhao’s guilty plea to money laundering charges. She explored the implications of this case for the broader cryptocurrency industry. Braganca emphasized the gravity of felony exposure for major players in the cryptocurrency […]

Coinbase CEO Brian Armstrong Discusses Binance’s Legal Woes and Crypto Compliance

On 21 Nov 2023, Coinbase Co-Founder and CEO Brian Armstrong spoke to CNBC’s Kate Rooney in the aftermath of Binance pleading guilty and agreeing to “pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International […]

Binance Co-Founder CZ Announces Departure, Hands Reins to Richard Teng

In a move that shocked the crypto community earlier today, Binance co-founder Changpeng Zhao, widely known as “CZ,” stepped down as the company’s CEO, effective immediately. CZ, who has been at the helm of Binance since its inception in 2017, acknowledged the challenges faced by the company and the need for new leadership to steer […]

AllianceBernstein Forecasts Bitcoin Price Could Soar to $150,000 by 2025 Amid Spot ETF Optimism

AllianceBernstein Holding L.P. (AB), perhaps better known as Bernstein, operates as an international asset management company, offering investment and research solutions to a diverse clientele that includes institutional investors, wealthy individuals, and general retail investors. The company’s main office is situated in Nashville, Tennessee, and it maintains a global presence with various international locations. According […]

Binance to Discontinue Visa Debit Card Services in the European Economic Area (EEA) on December 20

Binance, the world’s largest cryptocurrency exchange by trading volume, has revealed that it will cease its Visa debit card services in the European Economic Area (EEA) on 20 December 2023. The announcement was made on 20 October 2023, and it was clarified that this development will not affect existing Binance accounts. The discontinuation comes as […]

Israeli Authorities Freeze Hamas-Linked Cryptocurrency Accounts With Binance’s Help Amid Escalating Conflict

Israeli police have frozen cryptocurrency accounts belonging to Hamas, the Palestinian militant group responsible for a recent multi-pronged attack on the country, which escalated into a full-scale war that is currently ongoing and has claimed the lives of thousands. After the attack, the defense minister of Israel ordered a total blockade of Gaza, the Palestinian […]

Binance Keeps Losing Market Share as Crypto Trading Volumes Plunge to 9-Month Low

Leading cryptocurrency exchange volume has seen its spot trading volume plummet by 36.8% to $115 billion last month, the lowest level the cryptocurrency trading platform has seen since October 2020. The drop was its third consecutive since June. As a result, Binance’s share of the spot cryptocurrency trading market is now at its lowest level […]

$XRP, Cardano ($ADA), and Binance ($BNB) Coin Could Face Massive Sell-Off, Says Popular Crypto Analyst

Prominent cryptocurrency strategist Nicholas Merten, known for his influential voice on his DataDash YouTube channel, has raised concerns over the possible price trajectory for certain altcoins, namely $XRP, Cardano ($ADA) and Binance Coin ($BNB), over liquidity issues. In a video shared on the Google-owned video-sharing platform to his over 500,000 subscribers, the analyst noted that […]

Binance Moves $840,000 of $ETH in 24 Hours, Spiking Ethereum Gas Fees by 1,900%

A sudden burst of transactions from a wallet associated with leading cryptocurrency exchange Binance has inadvertently led to a massive 1,900% hike in Ethereum ($ETH) transaction fees after the wallet moved over $840,000 of ETH in just 24 hours. Etherscan, an Ethereum blockchain explorer, shows that a wallet called “Binance 14” got ETH from wallets […]

Soccer Superstar Cristiano Ronaldo’s Binance Lie Detector Test: From World Cup Dreams to NFT Ventures

Non-fungible tokens (NFTs) are unique digital assets that are verified using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are interchangeable and identical to each other, each NFT has distinct information that makes it unique. NFTs have gained immense popularity for their use in digitizing art, collectibles, and even moments in sports. Cristiano […]

Binance Sees Outflows of Over 200 Million X$RP in Mysterious Whale Transfers

A massive cryptocurrency whale has recently moved 210 million tokens of the XRP Ledger’s native asset, $XRP, out of leading cryptocurrency exchange Binance in a surprising move that set the token’s community abuzz. According to whale monitoring service Whale Alert, the whale moved nearly 42 million XRP to an unidentified cryptocurrency wallet before making several […]

Binance NFT Marketplace to Terminate Support for Polygon Network

Binance NFT Marketplace is a digital platform where users can buy, sell, and trade non-fungible tokens (NFTs). Operated by Binance, one of the world’s largest cryptocurrency exchanges, the marketplace was launched on June 24, 2021. It offers a diverse range of digital assets, including art, collectibles, and virtual goods. The platform supports multiple blockchain networks […]

Crypto Investors Hold Over 580,000 $BTC on Binance, $ETH Deposits Dropped 4.3%: 10th Reserve Report Shows

Leading cryptocurrency exchange Binance has recently unveiled its 10th proof of reserves, casting a detailed light on the assets the cryptocurrency trading platform has in its custody. The report shows users’ ETH deposits dropped 4.3% from the prior report, while USDT holdings experienced a minor 1% increase to 15.44 billion. According to the report, Binance’s […]

Binance to Phase Out $BUSD Support, Urges Conversion to Other Stablecoins by February 2024

Binance, the world’s largest crypto exchange, has declared its intention to gradually cease support for Binance USD (BUSD) across its various services. According to Binance’s blog post, this decision comes in the wake of Paxos discontinuing the minting of new BUSD tokens. Despite this, Binance assures its users that BUSD will continue to be backed […]

Binance Introduces ‘Send Cash’ Service for Direct Crypto-to-Bank Transfers in Nine Latin American Countries

Binance, a global leader in blockchain and cryptocurrency infrastructure, has unveiled a new service called ‘Send Cash’ for the Latin American market. This innovative feature allows users from nine Latin American countries to send cryptocurrency directly to bank accounts using Binance Pay. The service employs licensed money transfer processors to ensure smooth and secure transactions. […]

$ADA, $DOGE, $XRP Integration: Binance Pay Enables New Payment Methods for Brazilian Merchants

Binance, a global blockchain and cryptocurrency infrastructure provider, has expanded its services in Brazil with the launch of Binance Pay in the country. Key Details of the Launch: Binance Pay Overview: Binance Pay is a contactless and borderless cryptocurrency payment method. It offers support for over 70 cryptocurrencies, including notable ones such as Bitcoin (BTC), […]

DeFi Altcoin Radiant Capital ($RDNT) Surges After Binance Labs Backs It With $10 Million Investment

The native token of a decentralized finance (DeFi) lending and borrowing protocol built atop LayerZero Labs, Radiant Capital ($RDNT) has recently started surging following a multi-million-dollar investment from Binance Labs, the venture capital subsidiary of Binance, the world’s leading cryptocurrency exchange by trading volume. In a recently published blog post, the leading cryptocurrency exchange revealed […]

Binance Embraces Lightning: A Leap Towards Faster Bitcoin Transactions

In a significant stride towards enhancing Bitcoin transaction efficiency, Binance, one of the world’s leading cryptocurrency exchanges, has successfully integrated the Bitcoin Lightning Network into its platform. This integration, announced on July 17, 2023, enables Binance users to leverage the Lightning Network’s capabilities for their Bitcoin deposits and withdrawals. The Lightning Network, a second-layer protocol, […]

Binance Coin ($BNB) and Bitcoin Cash ($BCH) Could Surge Soon, Says Popular Crypto Analyst

A popular cryptocurrency analyst has voiced his optimism for two popular altcoins, Binance Coin ($BNB) and Bitcoin Cash ($BCH), suggesting both could see their prices surge further in the near future. The pseudonymous analyst, known as Kaleo on the microblogging platform Twitter, has been advising his audience of nearly 600,000 about the potential of BNB, […]

Binance Burns 2.65 Billion Terra Classic ($LUNC) Tokens in 11th Token Burn

Leading cryptocurrency exchange Binance has burned a total of 2.65 billion Terra Classic ($LUNC) tokens in its 11th token burn event, effectively reducing the cryptocurrency’s circulating supply. LUNC investors cheered the transaction with buy orders, leading to a small price uptick. The cumulative amount of LUNC tokens torched by Binance now towers at a staggering […]

Binance Makes Inroads into Kazakhstan: Crypto Meets ‘Borat’ Country

On 21 June 2023, Binance announced the launch of a regulated digital asset platform in Kazakhstan, marking a key development in the country’s burgeoning crypto sector. This launch follows Binance obtaining a license from the AIFC Financial Services Authority (AFSA) in October 2022, enabling the company to manage a digital asset platform and provide custodial […]

BNB Price Analysis Shows Open Interest Rising After $220 Support Level Holds

In a time of intensifying regulatory scrutiny, Binance Coin ($BNB), is nativating turbulent waters, after both Binance and Coinbase were sued by the U.S. Securities and Exchange Commission (SEC). The lawsuits put significant pressure on BNB’s price performance. Binance was sued by the SEC earlier this month, with the regulator accusing the exchange of unlawful […]

Binance Coin Whale Cashes Out $2.3 Million in $BNB After Two Years of Dormancy

A major holder of BNB Chain’s native token, Binance’s $BNB, has reawakened after two years and sold a portion of their holdings on the market, raking in substantial profits and signaling an intriguing shift in the behavior of crypto whales. According to data from on-chain analytics service Lookonchain, the whale liquidated 10,000 BNB tokens at […]

Binance Reportedly Bleeds $790M in Investor Funds Following SEC’s Damning Charges

Binance, the world’s largest cryptocurrency exchange, has seen a massive outflow of funds following charges by the U.S. Securities and Exchange Commission (SEC), according to a report by CNBC published on June 6, 2023. CNBC got this news from crypto research firm Nansen, which apparently says investors withdrew a staggering $791.6 million from Binance within […]

Binance Strikes Back: A Response to the SEC’s Legal Offensive

In a blog post published on June 5, 2023, Binance, the world’s largest crypto asset trading platform, expressed disappointment in the U.S. Securities and Exchange Commission’s (SEC) decision to file a complaint against the company and its CEO (“CZ”). The company stated that it had actively cooperated with the SEC’s investigations and had worked diligently […]

U.S. SEC Unleashes Fury on Binance and Its CEO

The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against Binance Holdings Ltd., its U.S.-based affiliate BAM Trading Services Inc., and their founder, Changpeng Zhao (“CZ”), as reported in an SEC press release issued on June 5, 2023. The charges include operating unregistered exchanges, broker-dealers, and clearing agencies, misrepresenting trading controls and oversight […]

Binance NFT Debuts Ethereum Loans Backed by NFT Collateral

Binance NFT, a prominent player in the non-fungible token (NFT) market, has announced the launch of a new feature, Binance NFT Loan. The service, set to go live at 11:00 (UTC) on May 26, 2023, will enable NFT owners to secure Ethereum (ETH) loans using their NFTs as collateral. This new feature is designed to […]

Binance Pay Boosts Real-World Usage for $ADA and $DOGE at 400+ ivendPay Merchants

Binance Pay users can now enjoy seamless transactions using $ADA and $DOGE at over 400 ivendPay locations worldwide, boosting real-world crypto adoption. Binance Pay is a “contactless, borderless and secure cryptocurrency payment technology designed by Binance” that allows Binance users to “shop with crypto or send crypto to friends and family worldwide.” It features “zero fees” […]

$SHIB and $ADA Holders Set to Benefit From Binance Pay and CoinGate Partnership

Binance, the world’s leading cryptocurrency exchange by trading volume, has announced a strategic partnership with Lithuanian fintech firm CoinGate in a collaboration meant to allow Binance Pay users to conduct transactions at CoinGate-affiliate merchants using Shiba Inu ($SHIB) and other Binance Pay supported digital assets. Binance Pay is a contactless and borderless payment technology that […]

$SHIB’s Exit From Binance’s Innovation Zone May Boost Liquidity and Trading Volume

$SHIB holders can rejoice as Binance has announced that it will be moving the meme coin out of its Innovation Zone, a move that could signal bullish sentiment. On September 21, 2020, the Binance Innovation Zone was launched to provide users with a safer space to trade newer tokens. The zone was created in response […]

How to Find Your Binance Wallet Address

Binance is a leading cryptocurrency exchange with hundreds of millions of users globally and a trading volume of well in the double-digit billions per day. While it’s positioned as the top crypto exchange and a frontrunner in the cryptocurrency world, navigating through its platform can be daunting, especially for beginners. Simple tasks such as depositing […]

Binance CEO Says You Can Now ‘Buy Fries With Crypto’

On Tuesday (February 28), “CZ,” Co-Founder and CEO of Binance, which is the world’s largest crypto exchange, made an announcement that should delight fans of both crypto and  American international fast food restaurant chain Wendy’s. Binance Pay is a “contactless, borderless and secure cryptocurrency payment technology designed by Binance” that allows Binance users to “shop with […]

Binance and Ingenico Team Up to Introduce Cryptocurrency Payments in French Retail Stores

Binance users in France can now pay with crypto at retail stores thanks to a new partnership between the world’s largest crypto exchange and Ingenico, a leading provider of in-store payment terminals. According to Ingenico’s press release, this partnership integrates Ingenico’s AXIUM payment terminals with Binance Pay, allowing them to “accept more than 50 cryptocurrencies.” […]

Little-Known Cryptocurrency Sees Price Surge Over Listing on Binance’s Innovation Zone

A little-known cryptocurrency that is currently held on the blockchain by just over 7,000 wallets, has seen its price surge after it was listed on leading cryptocurrency exchange Binance’s Innovation Zone. The price of Synapse ($SYN) moved up well over 30% in intraday trading after the Binance listing was announced, but it has since returned […]

How to Buy BNB on MetaMask

Binance Coin (BNB) is a cryptocurrency made by the popular cryptocurrency exchange Binance. What many cryptocurrency investors don’t know is that it’s possible to buy BNB on MetaMask, and interact with decentralized applications on the BNB Chain using the wallet. BNB uses its own set of technical standards: BEP-2, which is the original token for […]

Galaxy Digital CEO Mike Novogratz: ‘We Need To Cheer for Binance’

In a recent interview with Real Vision CEO Raoul Pal, Galaxy Digital Founder and CEO Mike Novogratz shared his thoughts on Binance and its CEO (“CZ”). During this interview — which was recorded on 18 January 2023 and premiered on the YouTube channel “Real Vision Crypto” on 27 January 2023 — Novogratz had this to […]

Binance’s $BUSD Sees Market Cap Plunge by $2 Billion as Tether’s Market Share Rises

The stablecoin of leading cryptocurrency exchange Binance, $BUSD, has seen its market capitalization plunge by $2 billion after reports of its past mismanagement surfaced, at a time in which Tether’s $USDT has been seeing its market share of the stablecoin space rise. According to available data, BUSD’s circulating supply fell to $15.4 billion this week, […]

$BNB: Binance Acknowledges Error in Mixing B-Tokens’ Collateral and Customer Funds

Leading cryptocurrency exchange Binance has acknowledged that it mistakenly kept the collateral for some of its B-Tokens, which represent tokenized versions of various cryptocurrencies on the $BNB Chain, in the same wallet as the exchange users’ funds. According to a recently published Bloomberg report, the reserves for nearly half of the 94 Binance-peg tokens that […]

Binance Burns Over $600 Million in $BNB in Latest Quarterly Burn

Leading cryptocurrency exchange Binance has announced that its latest quarterly $BNB token burn has seen it destroy more than 2.06 million tokens, worth over $600 million at the time of writing. According to Binance’s announcement, a total of 2,064,494.32 BNB were burned in a transaction, with a total of 7,181.03 tokens being burned from the […]

Binance Research on Key Themes for Crypto in 2023

Binance Research’s analysts are keeping a close eye on a number of developments that might have a significant impact on the cryptocurrency market in 2023. In 2023, according to a recently-released report (“Full-Year Review 2022 & Themes for 2023”) by Binance Research, macroeconomics will be the driver of returns for risk assets. Whether macro factors […]

Does Binance Have Deposit Limits?

Binance is one of the most popular cryptocurrency trading platforms, but every time you make a crypto trade, the site gets a cut. Some services also charge you fees when you deposit your cryptocurrency or have a minimum deposit amount. Given the exchange’s popularity, many wonder whether Binance has deposit limits or charges fees on […]

Litecoin ($LTC) and Binance’s $BNB See Whale Transactions Rise, Says Crypto Analytics Platform

Whale transactions for Litecoin ($LTC), a cryptocurrency that’s often referred to as the silver to Bitcoin’s gold, and for Binance’s native tokens $BNB and $BUSD have recently surged, suggesting significant moves are being made. According to on-chain analytics firm Santiment, Litecoin, Binance Coin, and Binance USD have all been seeing surges in transactions above $1 […]

Arcane Research Senior Analyst Explains Why ‘Binance Is the Clear Winner of 2022’

On Friday (30 December 2022), Vetle Lunde, a Senior Analyst at Arcane Research, the research arm of Oslo-based crypto investment firm Arcane Assets AS, highlighted Binance’s impressive list of achievements in 2022. Lunde wrote: “No matter how you look at it in terms of trading activity, Binance dominates the crypto market. 92% of spot volume […]

CZ Explains Why ‘People FUD About Binance’

Recently, CZ, Co-Founder and CEO of Binance, which is the world’s largest crypto exchange (by trading volume), explained why he believes there is so much misinformation spread about his company. On 23 December 2022, CZ told his over eight million followers: “Some in our industry hate centralization. Regardless if a CEX helps with crypto adoption […]

World’s Largest Crypto Exchange Joins Chamber of Digital Commerce

On Tuesday (20 December 2022), Binance, which is the world’s largest crypto exchange (by trading volume) announced that it had joined the Chamber of Digital Commerce. The Chamber of Digital Commerce is “the world’s leading trade association representing the digital asset and blockchain industry.” Its mission is “to promote the acceptance and use of digital assets and blockchain-based […]

$BTC, $ETH, and $SHIB Were Binance’s “3 Most-Watched Cryptos in 2022”

Binance, which is the world’s largest crypto exchange by trading volume, made a rather surprising announcement on Sunday (18 December 2022). Here is what Binance Academy says about Shiba Inu: “Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed […]

Binance CEO: Exchange Assets Are Backed One-to-One, No Liquidity Crunch

The CEO of leading cryptocurrency exchange Binance, Changpeng ‘CZ’ Zhao, has recently defended that the exchange holds customer assets backed one-to-one that it isn’t facing a liquidity crunch during a run on the bank. During an interview with CNBC Squawk Box hot Aaron Sorkin, Zhao defended that Binance does not have a liquidity crunch and […]

Binance CEO on Risks of Self Custody: Most People Will End Up Losing Their Crypto

On Wednesday (14 December 2022), CZ, who is Co-Founder and CEO of the world’s largest crypto exchange (by trading volume) shared his thoughts on people holding their own crypto. According to a report by Alys Key for Decrypt, during an AMA session hosted on Twitter, CZ said: “For most people, for 99% of people today, […]

Binance Records Over $3 Billion in Outflows as Its Proof of Reserves Fails to Calm Investors

Leading cryptocurrency exchange Binance has recorded over $3 billion in outflows over 24 hours as investors are pulling their funds off of the platform amid concerns it may not be able to honor withdrawals in case of a bank run. According to data from Nansen the exchange has recorded its highest daily withdrawals since June, […]

Binance CEO Says Former FTX CEO (SBF) ‘Is One of the Greatest Fraudsters in History’

On Tuesday (6 December 2022), CZ, who is Co-Founder and CEO of the world’s largest crypto exchange (by trading volume), addressed criticisms that he was somehow responsible for the collapse of now-bankrupt crypto exchange FTX. On 2 November 2022, the collapse of SBF’s FTX empire started when CoinDesk published an article (titled “Divisions in Sam Bankman-Fried’s Crypto […]

Cardano’s Hoskinson on Why Both $DOGE and $BNB Could Be Part of Elon’s Plans for Twitter

Charles Hoskinson, co-founder and CEO of IO Global (IOG), the company responsible for Cardano’s R&D, says that in the long term Cardano will evolve into “a network of blockchains,” has explained why he believes both Dogecoin ($DOGE) and $BNB could be part of Elon Musk’s plans for Twitter. Speaking at the Web Summit conference in […]

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