Binance Labs, the venture capital and incubation subsidiary of the global cryptocurrency platform Binance, has invested in Pendle Finance, a leading DeFi protocol focused on yield tokenization. This collaboration aims to provide a more accessible and optimized yield management experience for all users, ranging from retail to institutional levels. Pendle Finance facilitates the tokenization and […]
BlockFi, a bankrupt crypto lender, is attempting to recover assets to settle its customers as part of its bankruptcy proceedings. The company is standing firm that its customers should take priority over fellow bankrupt company FTX. BlockFi has objected to FTX’s claims on several grounds, including the fact that it alleges that the latter’s claims […]
Nvidia (NVDA) is set to release its earnings after the market close on Wednesday, and Fed Chair Jerome Powell will give a speech on Friday morning. Meanwhile, five stocks have experienced a significant dip in shareholder value today. SOS Ltd. (NYSE: SOS), a leading provider of data mining and analysis services in the People’s Republic […]
Bitget, a top cryptocurrency derivatives and copy trading platform, has announced mandatory Know Your Customer (KYC) requirements coming into effect starting September 1, 2023. All new users will be required to complete KYC verification upon registration, while existing clients will have a grace period until September 30. The KYC requirements are intended to improve security […]
Binance.US, a cryptocurrency exchange, has announced a new partnership with MoonPay, a cryptocurrency payments company, to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the exchange switched to a cryptocurrency-only platform after failing to get any banking partner.The Securities and Exchange Commission had sued the exchange and its […]
Binance.US has responded to regulatory pressure by transitioning to a crypto-only exchange, replacing USD with USDT as its base asset. To facilitate transactions, the platform has introduced an enhanced Buy & Sell Crypto feature via its mobile app, which enables customers to transact with over 150 supported cryptocurrencies using USDT. Additionally, Binance.US has partnered with […]
Binance.US, a cryptocurrency exchange, has announced a new partnership with MoonPay, a cryptocurrency payments company, to enable customers to purchase the US dollar-pegged stablecoin Tether (USDT). This comes two months after the exchange switched to a cryptocurrency-only platform after failing to get any banking partner.The breakdown with its banking partners resulted in the exchange’s fiat […]
Binance, the world’s leading cryptocurrency exchange, is facing allegations of operational ties in Russia, according to a report from the Wall Street Journal. Despite Binance’s confirmation of a reduction in its Russian operations to comply with European Union sanctions, data suggests that the exchange still has a persistent ruble trading presence on its platform. This […]
A phishing attack on Terra blockchain’s website has caused the company to freeze its website until all issues have been resolved. Terra warned users not to interact with any site using the terra(dot)money domain and asked customers to steer clear of the sites until the matter was resolved. Terraform Labs has appointed Chris Amani as […]
John Reed Stark, a former SEC enforcement official, has been vocal for months about his speculation that the US Department of Justice (DOJ) is about to take action against Binance. His latest claim is based on a Wall Street Journal report that reveals the exchange’s connections with sanctioned banks and its involvement in large-scale ruble-to-crypto […]
