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Binance Jersey Subsidiary Shuts Down Two Years After Launch

The Binance Jersey subsidiary shuts down two years after launch and all accounts will be inaccessible as of November 30. In our latest binance news, we are reading more about the reasons why the subsidiary is shutting down. The world’s biggest crypto exchange announced that the Binance Jersey subsidiary will close down its offices. The branch was launched in Jersey as a part of its expansion drive to tap into the European markets as the exchange announced that the offices will still allow fiat to crypto trading for European Traders. The exchange supported bitcoin and Ether trading against both EUR…

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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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New Glassnode Uniswap Report Shows It Could Be Controlled By Binance

New Glassnode Uniswap report shows that the governance mechanisms of the platform point out that it could be centralized and controlled by Binance as we are about to read more in the latest Binance news. Uniswap made a bold move by airdropping millions of tokens and launching its own liquidity pools to reclaim what SushiSwap took from it in the past two weeks. It has propelled the platform back to the biggest decentralized exchange as the total value locked hit $2 billion while the sushiSwap rival declined. Uniswap made it clear that about 40% of the UNI tokens will be…

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Binance Chief CZ Talks DeFi, Ethereum 2.0, And More

The Binance chief CZ is in the latest cryptocurrency news for remaining skeptical about Ethereum 2.0’s features. As he said, the decentralized finance space is in full swing, and one of its biggest supporters appears to be exactly the exchange Binance. The platform and its United States branch recently joined the Chicago DeFi Alliance, with a main aim to further develop the US DeFi industry. Additionally, the Binance news show that support for new DeFi projects continues to grow. Most recently, the exchange has demonstrated its close ties with BurgerSwap, which is a new decentralized exchange that aims to improve…

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OKEx CEO Jay Hao Slams CZ For Promoting Sketchy DeFi Projects

OKEx CEO Jay Hao disparaged Binance for the strategies that Changpeng Zhao imposes when promoting Defi projects, referring to them as “irresponsible.” Following his comments, we are reading more in today’s Binance news. OKEx CEO Jay Hao called out the Binance CEO Changpeng Zhao for his recent support of the certain DeFi projects claiming that the Binance Smart Chain or BSC is centralized and that it is wholly controlled by one team. According to Hao, BkaerSwap which is built on BSC, crashed after only 12 hours which led the protests in China: Source: Jay Hao Today’s Twitter thread follows up…

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BUSD Stablecoin Joins USD Coin On Dapper Labs’ Flow: Report

BUSD stablecoin joins USD coin on Dapper Labs flow which could mean that the blockchain is more appealing for the defi developers as we are reading in the Binance news today. The Binance-basked BUSD stablecoin will now be officially added to Flow blockchain and the developers will be able to utilize BUSD with the Flow dapps in a permissionless manner. Flow creator Dapper Labs is the developer of the popular crypto game CryptoKitties and NBA Top shot. For the second time this week, Cryptokitties developer announced the partnership between Flow blockchain and a stable coin, and this time it was…

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What Is BurgerSwap? New Platform Based On The Binance Smart Chain

What is BurgerSwap you may ask yourself, as the new iteration of Uniswap emerged but now based on the Binance Smart Chain. There is more than $400 million stakes in one day via this smart chain as we can see more today in our binance news. As the DeFi space continues to boom, the developers come up with another iteration of a Uniswap-like automated market maker. Zeroing down on this food craze in the defi space, the platform is called BurgerSwap. But What is BurgerSwap? BUIDL it, and they come. I do not know who built this one, but it's…

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Binance Community Thinks: What To Do With Mistakenly Sent Funds?

The Binance community thinks what to do with $20,000 worth of BNB tokens that were mistakenly sent to a wrong address as the CEO of the exchange asked them to consider so let’s see more in the latest Binance news today. CZ, the CEO of Binance, the leading crypto exchange asked the Binance Community to think of a solution what to do with the mistakenly sent $20,000 worth of BNB funds.CZ explained the story of one user whose identity remained hidden and who sent 800 BNB to a wrong address. The transaction was made on the Binance Smart Chain so…

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Hacked Eterbase Funds Have Been Tracked To Binance And Huobi

The hacked Eterbase funds of the European platform have been tracked to Binance and Huobi as well as HitBTC. Binance’s CEO CZ said that his team is working on this as we find out more in our latest cryptocurrency news. A few days after the European crypto exchange was hacked out of $5.4 million worth of digital assets, the hacked Eterbase funds have been tracked to Binance, Huobi, and HitBTC. The company asked for assistance from the exchanges and reassured the users that the exchange will endure. Launched back in 2019, Eterbase is a small Slovakia-based exchange that describes itself…

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Binance Acquires Virtual Real Estate Property in the blockchain gaming platform The Sandbox

Binance, the world’s leading digital currency exchange in terms of trading volume, has purchased a virtual property in The Sandbox the top blockchain gaming platform. Reportedly, the major cryptocurrency exchange bought 4,012 LAND tokens. These tokens are basically non-fungible tokens and each one of them represents a virtual real estate piece in the blockchain game The Sandbox. Organizing social gaming events As the largest cryptocurrency exchange has bought a large number of LAND tokens, it is planning on using them for organizing game creation contests as well as some gaming events like NFT in this gaming platform. During these game…

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Binance Enters DeFi: Bella Protocol The First Project To Be Launched

As Binance enters DeFi, we can see that Bella Protocol will be the first project to be launched on the Launchpool platform. According to the biggest crypto exchange, the new platform will allow users to securely farm new assets and will allow for the users to get new token rewards in return for staking BUSD, BNB, and other tokens as we are reading more in our latest Binance coin news. The first project to be launched on the Launchpool as Binance enters Defi, will be the Bella Protocol where the users can be able to stake their BNB coins or…

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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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Crypto Markets Crash While Binance And Coinbase Struggle

Crypto markets crash while major crypto exchanges such as Binance and Coinbase suffer technical issues as the entire market saw a sudden drop. All cryptocurrencies are having a hard time now after bitcoin got rejected at the $12,000 threshold for the third time in a month so let’s find out more in our crypto news today. The resulting increase in trading volume was a huge problem for a few cryptocurrency exchanges, mainly Coinbase and Binance. The Korean exchange Bithumb seems to have been raided by the police in an alleged fraudulent token sale. Most of the crypto markets crashed and…

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CoinMarketCap CEO Quits Along With Two Vice Presidents

The CoinMarketCap CEO Carylyne Chan has quit along with two vice presidents after only four months from the Binance acquisition so let’s find out more in our Binance latest news today. CoinmarketCap CEO Chan left the company today and two senior members resigned in the last two weeks just a few months after the company was acquired by the crypto exchange Binance. Chan worked for two years and three months at the company and in an interview with Decrypt she said:  “Before I joined CoinMarketCap, I built and subsequently sold a company that was in the artificial intelligence space. I…

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Binance Futures Allows Users To Bet On Top 10 DeFi Tokens At Once

Binance Futures allows users to bet on the top 10 defi tokens at once for those who are looking to track the performance and get paid in USDT. In our Binance news today, we can see that the exchange unveiled a new Defi pegged index in a perpetual contract form. Binance futures allows up to 50x leverage which is paid out in USDT. The exchange has unveiled an index that is comprised of ten several popular Defi tokens which allow users to gain exposure to the expanding sector via perpetual contracts. Among the novel index are the Band Protocol, Kava,…

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Binance News Roundup August 22

Binance, one of the most popular and recognized cryptocurrency exchanges in the world continues to expand and offer new services to users and clients.  The last week has […]

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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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Binance Coin Staking Will Soon Be Available On The Chain’s Testnet

Binance coin staking will soon be available on the Binance chain testnet as the platform will distribute 3000 BNB in prizes to participants. The team at Swipe launched a $16 million SXP airdrop to the holders in a 12 week period as we are about to see in the upcoming Binance coin listing news. The team at Binance is known for keeping their head down in a building mode of the market environment as earlier this week the team at the exchange announced that BNB staking will be available on the Binance Chain testnet version. Furthermore, staking via the BNB…

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Binance Follows BitMEX, Launches BTC-Collateralized Futures Contract

Binance follows BitMEX in launching a Bitcoin-collateralized futures contract with a 125x leverage as we are reading more in the upcoming Binance news. Binance managed to establish itself as one of the most trusted exchanges in the field. One of the reasons for this was the fact that the company doesn’t seem to be stopping in the creation of new products. From regular listings of new cryptocurrencies to staking, building new features as well, it seems that there’s always something that is preparing at Binance. The latest addition is something that BitMEX already is known for which is the Bitcoin-collateralized…

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