Binance

Binance CEO Changpeng Zhao disappointed with how Terra handled UST's collapse

Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse

advertisement Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA). “I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover …

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Binance suspends LUNA and UST withdrawals amid market turbulence

Binance suspends LUNA and UST withdrawals amid market turbulence

advertisement Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a blog post earlier this morning, blaming “a high volume of pending withdrawal transactions” caused by network congestion. “Binance will reopen withdrawals for these …

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Binance Coin [BNB] to cross the $420 mark? Dominant whales have the answer

Binance Coin [BNB] to cross the $420 mark? Dominant whales have the answer

Binance coin returned to the annual low of 2022 during the retracement phase, following a minor bullish rise in March. However, at the beginning of November, Binance Coin attempted twice to achieve an all-time high ($690.93), but the bulls failed. Nonetheless, traders are showing signs of confidence amid a weak crypto market. Short-term rally soon? …

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Binance Coin: Amid weak sentiments, how BNB is managing to stay optimistic

Binance Coin: Amid weak sentiments, how BNB is managing to stay optimistic

The overall cryptocurrency market underwent a massive price correction phase as the market stood at the $1.81T mark. According to CoinMarketCap, the market suffered a 4.2% setback, and Bitcoin and Ethereum alone fell by around 5% and 4%, respectively. But, one coin showcased some vitals despite the overall decline following a bullish adoption development. Showing …

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Binance is eyeing the potential acquisition of a Brazilian securities brokerage

Binance approved in principle by Abu Dhabi as digital asset broker-dealer

advertisement Binance received in-principle approval from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer in digital assets, Bloomberg reported on Sunday. The world’s biggest cryptocurrency exchange by trading volume must now complete the application process, according to Richard Teng, Binance’s head for the Middle East and North Africa and a former ADGM executive. …

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Binance doubles down on Ultiverse with another $5 million investment

Binance doubles down on Ultiverse with another $5 million investment

One week after leading a $4.5 million seed investment in Ultiverse, Binance’s venture arm is betting another $5 million on the metaverse gaming startup.   Binance Labs, the crypto exchange’s venture capital and incubation unit, announced its initial investment in Ultiverse in a blog post published on March 18. DeFiance Capital co-led the raise, with …

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Binance Labs leads seed round for Ultiverse to expand Metaverse offerings

Binance Labs leads seed round for Ultiverse to expand Metaverse offerings

Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be used to develop the product, attract top talent and further grow the community. Ultiverse is working on connecting …

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Binance is eyeing the potential acquisition of a Brazilian securities brokerage

Binance is eyeing the potential acquisition of a Brazilian securities brokerage

advertisement Binance has inked a memorandum of understanding (MOU) to potentially acquire Brazilian securities brokerage Sim;paul Investimentos, the crypto exchange announced on Monday.  The firm said that it would “explore the acquisition” of Sim;Paul under the MOU, with the aim of further developing Brazil’s cryptocurrency and blockchain ecosystem. In a statement, Binance underscored that Sim;paul …

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