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Changpeng Zhao Stated: DeFi Won’t Flip Traditional Finance

Binance’s CEO Changpeng Zhao stated that Defi will not flip traditional finance anytime soon despite the exchange doubling down on the space as a way to migrate to a fully decentralized exchange. In our latest binance news, we are reading more about his opinion. It didn’t take long for CZ to emerge as the DeFi powerful cheerleader. As a founder of the biggest centralized exchange in the world, his enthusiasm towards Defi especially his admission in the decentralized exchanges will likely overtake his own centralized exchange as he plans to create a Defi empire within Binance. Changpeng Zhao stated that…

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DeFi Pushed Binance To Huge $195 Billion In Futures Volume

DeFi pushed Binance to a massive $195 billion in futures volume level, reaching an unprecedented increase as the market exploded in August. In our Binance news today, we are reading more about this analysis. The futures offerings saw more than $195 billion across Bitcoin and other altcoins as the exchange said that the rise of Defi projects fuelled the rush in altcoin future as well. DeFi pushed Binance to reach a volume of $195 billion across all altcoins as the company noted. Futures markets allow investors to take leveraged bets on the price movements and they also allow traders to…

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Binance Smart Chain Integrates BAND’s Oracles: Report

Binance smart chain integrates BAND’s oracles that can help build Defi activity while still protecting the users from vulnerabilities so let’s find out more in today’s Binance news today. Binance smart chain integrates Band Protocol’s oracles data that supports decentralized applications because as the Defi market cap grows, the demand for reliable data oracles also increases as it connects developers for real-world market prices by lowering transaction fees and accelerating settlements by boosting the scalability in DeFi. Oracles are capable of shielding users from Defi vulnerabilities like account security and the lack of regulation. Sriniwakoon explained:  “This recent development will…

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Binance Helps The Police To Take Down A $42M Crypto Laundering Ring

Binance helps the police to take down a $42 million crypto laundering ring that was operating on its platform so let’s read more in the binance news today. Binance played a key role in the taking down of three suspects in a Ukrainian money laundering scheme as the criminals were able to launder $42 million through exchanges over the past two years. They were eventually arrested in June in connection to two other crimes. Binance helps the police this time by revealing the secret security project which helped the police take down the gang that laundered money over multiple exchanges…

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1inch DEX Aggregator Raised $2.8 Million In Binance Labs Funding

1inch DEX aggregator has successfully raised $2.8 million in a financing round by Binance Labs as a venture arm of the leading crypto exchange as we are reading further in the upcoming Binance news. The 1inch DEX aggregator that sources liquidity from multiple platforms raised about $3 million in a funding round led by Binance Labs. There were other prominent participants such as Libertus Capital, Galaxy Digital, Greenfield One, FTX, Divergence Ventures, and more.  The decentralized exchange aggregator had successful completion of the funding round that came shortly after the DEX aggregator reached a huge milestone of more than $1…

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US SEC Wants To Trace Transactions On The Binance Chain: Report

The US SEC wants to trace transactions made on the Binance Chain by giving the blockchain analytics company CipherTrace a contract to do so, as we are reading in the reports today, in the Binance news. The US SEC wants to trace the Binance chain transactions with the help of CipherTrace by giving the company a contract as it is the only company that supports the Binance Chain since 2019. The US Securities and Exchange Commission wanted to give the company a contract that will help It trace the transactions on the blockchain that hosts BNB and underlies Binance DEX,…

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BNB Shoots Up To $20 As CZ Announces Launch Of DeFi IEO

BNB Shoots up to $20 just as the CEO of the Binance exchange Changpeng Zhao hinted that the platform will be launching a DeFi-related IEO so let’s find out more in our latest Binance coin news. Bitcoin still maintains the position above $9500 level while some of the altcoins mark impressive gains and the Rumors that the exchange will launch a DeFi-based IEO is why BNB shoots up to a new price level. At the same time, the US Stock market indexes dropped in value slightly while gold broke above the level of $1,900 per ounce. During the day yesterday,…

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LINK Quarterly Futures Are Now Launched On Binance: Report

Binance officially launched the LINK quarterly futures on their platform before they did Ethereum’s because of the increase in popularity for LINK so let’s read more in our latest Binance news today. The popularity of Chainlink resulted in launching the LINK quarterly futures on Binance before Ethereum but the price of the asset dropped earlier below the $7 level and now increased slightly to $7.63. The Binance crypto exchange announced that they will be launching LINK’s quarterly futures contract and the trading will commence today, July 22nd. Traders can use a maximum of 75x leverage once the LINK quarterly futures…

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Binance Coin Starts Surging After BNB Burn And IEO Rumors: Report

The Binance coin starts surging earlier today following the latest BNB burn and IEO rumors as the weekend turned out to be a boring one for the entire crypto market, with Bitcoin hovering over $9,150 as we are reading in the latest Binance coin news. However, the price fluctuations within the altcoin market did attract some attention with many double-digit gainers led by Swipe, which is a Binance-acquisition. After the recent Twitter hack earlier this week, the situation around the social media giant still unfolds and the FBI initiated the extensive investigation showing that the cybersecurity agency from India, Computer…

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