Cryptocurrency risk monitoring platform Solidus Labs said that over 10% of tokens showing scam characteristics reside on Binance’s native BNB Chain. Less than 10% is seen on Ethereum (ETH). The research firm announced its real-time, on-chain Threat Intelligence tool on Thursday, saying that it was designed to help anti-money laundering (AML) teams address smart contract…
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Binance also confirmed that it helped finance Elon Musk’s acquisition of the platform with $500 million. According to reports on Oct. 28, the crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours…
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The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure…
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There is a challenge of not overdoing EU sanctions against Russia, according to Binance head of sanctions Chagri Poyraz. In the weeks following new sanctions from the European Union, Binance has kept its doors open for non-sanctioned Russian nationals, but that does not mean that the firm isn’t complying with EU sanctions, according to Binance’s…
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Twitter shareholders will receive $54.2 per share on their holdings as part of the deal, but Musk said earlier that he might take the company public again in three to five years. Social media giant Twitter was officially acquired by Elon Musk on Oct. 27 in a deal that saw a war of words, a…
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Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover. Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng ‘CZ’ Zhao tweeted today (UTC time): “Our intern says we wired the $500 million 2 days ago, probably just as I…
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Major cryptoasset exchange Binance is closer to finding out the identity of the person(s) behind the $570 million hack on its native BNB blockchain, CEO Changpeng Zhao (CZ) told CNBC. CZ said that Binance is working with law enforcement to identify the perpetrator(s), stating that, “The law enforcement gave us some tips on who they…
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The Terra Classic LUNC has been putting more effort into resuscitation its new position in the crypto space. Unfortunately, the algorithmic stablecoin Terra and LUNA collapse in May caused a massive loss in the industry. The crisis intensified the crypto winter of the year, leading to the loss of billions of dollars. However, the new…
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Changpeng Zhao (CZ), CEO of the world’s largest crypto exchange, has said he might support Elon Musk in his planned $44 billion buyout of Twitter as the US reportedly weighs security review for the deal. When asked if he will keep his financial commitment to Musk, CZ said, “I think so,” while speaking in Riyadh,…
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After Elon Musk signaled his intention to continue the deal to buy the social media platform earlier in October, reports are emerging that the acquisition is almost over. Crypto-friendly billionaire Elon Musk is set to finalize the acquisition of social media platform Twitter by Friday, Oct. 28 which brings to a close the protracted Musk-Twitter…
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