Binance
Weekly Report: Coinbase unveils NFT marketplace in beta, Binance chasing regulatory compliance
Coinbase NFT allows waitlisted users to join a beta program of the NFT marketplace Kadena Eco launches a $100 million grant to empower developers to build on the Kadena network a16z has established an academic crypto-research focused lab to solve important problems in the blockchain scene Binance recruits two former regulators to its compliance and surveillance team Australia defines a policy roadmap toward the regulation of crypto assets Here are the top cryptocurrency headlines you might have missed last week: Coinbase NFT launches in beta plans to add users over the coming weeks progressively Coinbase announced mid last week that it started allowing a few members on the waitlist of Coinbase NFT to start using the platform, which is currently in a limited beta stage. Coinbase says t...
Binance recovers $5.8M in funds connected to Ronin bridge exploit
Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth over $600 million at the time, belonging to Axie Infinity’s Ronin bridge. As of Friday, the wallet address associated with the Ronin has around $280 million in digital assets remaining. Blockchain forensics company Elliptic recently uncovered that the hackers have been sending the money to centralized exchanges and cryptocurrency trail-mixer decentralized application, or DApp, Tornado Cash. In addition, it appears the hackers also swapped the stolen USD...
Binance pushes back against report exchange supplied customer data to Russian government
Major crypto exchange Binance challenged the accuracy of a report, which stated one of its regional heads agreed to supply Russia’s financial intelligence unit with customer data potentially related to donations for anti-corruption and anti-Putin activist Alexei Navalny. Reuters reported on Friday that Binance’s head of Eastern Europe and Russia Gleb Kostarev met with officials from Russia’s Rosfinmonitoring, a financial monitoring service linked to the country’s Federal Security Service, or FSB, in April 2021. Kostarev reportedly agreed to a request from the government body to turn over certain user data — including names and addresses — later telling an associate he didn’t have “much of a choice” in the matter. However, another unnamed crypto exc...
The integration of CeFi and DeFi through Binance Bridge 2.0
DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be brought to a broader audience worldwide while maintaining the same smooth user experience as CeFi. Most of the “DeFi” ecosystem relies on centralized services because of convenience, which enables us to understand where the traditional world of centralized banking and the new world of decentralized money might intersect to everyone’s benefit. Binance, with its first bridge, made it possible to bridge assets listed on Binance.com to other blockchains. To integrate CeFi and DeFi, the Binance Bridge 2.0 comes to the rescue by allowing you to wrap ERC20 tokens to BEP20 BTokens and start staking your Ethere...
Missed Paris Blockchain Week Summit? Here are 5 key takeaways from the event
The city of Paris — the capital of France, renowned for its affinity for romanticism, historical architecture and acquired palate for culinary delicacies — played host to the two-day Paris Blockchain Week Summit this week. The event saw the participation of the industry’s leading figureheads and over 3,000 crypto enthusiasts. Held at the Palais Brongniart, the former home of the Paris stock exchange and once synonymous with its exchange of wheat grain, the newly transformed conference center saw keynote speeches and fireside chats from experts such as Binance’s Changpeng “CZ” Zhao, Tether’s Paolo Ardoino and Digital Currency Group’s Rumi Morales, among many others. If you missed the action, here’s a literary highlight reel of all the most important moments from the summit. And y...
Binance and Coinbase silent on Bitcoin Lightning: Community tries to understand why
The Bitcoin Lightning Network integration started to take off among the cryptocurrency exchanges worldwide. However, some of the world’s largest crypto trading platforms seemingly are not in the hurry to integrate the protocol. Last week, Robinhood crypto trading app became the latest major industry player to announce the Lightning integration, following in the footsteps of BitPay and the Kraken crypto exchange. As the main goal of the Lightning integration is to reduce the cost of Bitcoin (BTC) transactions and accelerate the network transfers, one may wonder what cryptocurrency exchanges have still not added the Lightning support. Binance, Coinbase and FTX stay silent on Lightning Not everyone is happy with the pace of Bitcoin LN adoption. David Coen, a software quality assurance te...
Binance’s NFT head adopted this implementation model during the platform’s creation
Attending and reporting from the two-day Paris Blockchain Week Summit (PBWS), Cointelegraph’s managing editor, Alex Cohen sat down with Helen Hai, head of Binance’s NFT platform for a candid discussion on the early inspirations for their NFT platform, as well as her vision for regulatory communication, among other topics. Citing the methods in which the Asian economy capitalized on the growth potential within the second industrial revolution by driving job creation for the lower and middle classes, Hai stated that the internet era — typically referenced as Web2 — was a contributing factor for the widening of digital-economic disparities between various societal groups. During the interview, Hai spoke on how this imbalance could be re-established through the usage of Web3 technologies...
Leading centralized exchanges extend market share in 2022
The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as the trading volume in crypto consolidates onto the platforms of only a few trusted companies. These named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022, according to data collected by United Kingdom analytics company CryptoCompare published on Monday. The firm analyzed over 150 active centralized exchanges, ranking them on security, number of assets available, regulatory compliance, Know Your Customer checks and more, grading them from a top score of AA to a low of F, with “top tier” receiving a grade B or above. A total of 78 exchanges received a “top tier” grade, with Coinbase, Gemini, Bitstamp and Binance as the only four ...
Weekly Report: Robinhood wallet goes live, Binance has both feet in Dubai and more
Here are the top headlines that you might have missed from the last week throughout to the weekend: Block, Blockstream and Tesla collaborate to achieve scaled Bitcoin mining using entirely renewable energy Abu Dhabi grants Binance in principal approval as a digital assets broker-dealer Robinhood’s crypto wallet is live but does not support NFTs and some cryptocurrencies, including Solana and Tether Pether Thiel terms Buffet, Dimon, and Fink as members of the “finance gerontocracy” holding back Bitcoin Coinbase has halted deposits via India’s UPI payment instrument Blockstream and Block launch a joint solar-powered Bitcoin mining initiative in Texas Blockstream co-founder Adam Beck on Friday announced during the Bitcoin 2022 Conference in Miami that his firm was launching a collaborative ve...
Binance receives in-principle approval to operate in Abu Dhabi
Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai. The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies — marking yet another milestone for the crypto exchange, which envisions to operate as a fully-licensed firm. @binance, one of the world’s leading #blockchain and #cryptocurrency platforms, received an IPA from the #ADGM Financial Services Regulator Authority. pic.twitter.com/jhHenzaahE — Abu Dhabi Global Market (@ADGlobalMarket) April 10, 2022 ADGM serves as an international financial free zone within the c...
Kyber Network (KNC) soars after integrating with Uniswap v3 and Avalanche Rush Phase 2
The outlook for projects in the decentralized finance (DeFi) sector has begun to improve in recent months as a combination of global events have highlighted the benefits of holding funds outside of the traditional financial systems. One project that has rallied over the past few months is Kyber Network (KNC), a multi-chain cryptocurrency trading and liquidity hub that aims to offer users the best trading rates. Data from Cointelegraph Markets Pro and TradingView shows that after bouncing off a low of $2.83 on April 6, the price of KNC jumped 55.4% to hit an all-time high of $4.04 on April 8 amid a 253% spike in its 24-hour trading volume. KNC/USDT 1-day chart. Source: TradingView Three reasons for the building momentum of KNC include the integration of support for ten separate blockchain n...
Finance Redefined: Axie Infinity’s Ronin bridge faces worst hack, Binance launches Bridge 2.0 and more
The last week of March saw the decentralized finance (DeFi) market surge to new highs as institutional investors returned to the market. Amid the rising popularity of DeFi products, Axie Inifity’s Ronin bridge faced the worst hack in crypto history, raising security concerns for the market. MetaMask integrated Apple Pay support, allowing users to purchase crypto using their Apple Pay account directly, and Binance launched Bridge 2.0 to integrate CeFi and DeFi into one platform. Looking at the price side, the majority of DeFi tokens in the top 100 not only registered double-digit gains but also rose to new multi-month highs, with several tokens seeing three-digit gains over the past week. Axie Infinity’s Ronin bridge hacked for over $600M According to Axie Infinity’s official Discord and Ro...
