Tag: Binance

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You won’t believe the depths to which crypto scammers on Twitter are willing to sink

Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform. Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance.  A tale…
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Binance.US CEO calls companies not integrating crypto ‘ignorant’

The CEO called digital assets a “pandemic resilient” solution for businesses. Catherine Coley, the CEO of crypto exchange Binance’s United States branch, says adopting crypto may be one of the only ways for businesses to be “pandemic resilient” going forward. In a Sept. 21 interview with Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots…
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OKEx CEO slams Binance’s Changpeng Zhao for promoting questionable DeFi projects

Jay Hao did not mince words in disparaging Binance for strategies he referred to as “irresponsible.” OKEx CEO Jay Hao called out Binance and its CEO Changpeng Zhao for their recent support of certain DeFi projects. He also claimed that Binance Smart Chain, or BSC, is highly centralized, noting that it is wholly controlled by a…
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BurgerSwap frying high — Binance offers up the latest dish on DeFi menu

BurgerSwap has pumped BNB price, but how long can it last, and what does that mean for Binance? Cointelegraph talks to the Burger King. The food-related craze for yield farming is showing no sign of abating. So far this year, the crypto space has been treated to Yam, Shrimp, Spaghetti, Cream, and of course, the…
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Binance’s US arm joins Chicago DeFi alliance

Binance’s interest in DeFi expands globally. The United States arm of Binance, the world’s largest cryptocurrency exchange,  has entered a major organization focused on decentralized finance, or DeFi. According to a Sept. 17 blog post, Binance.US has officially joined the Chicago DeFi Alliance. Also known as the CDA, the association is backed by crypto fund…
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The Uniswap effect is leading to 208% gains on average for certain tokens

And researchers suggest it’s surprisingly easy to predict, if you know what to look for. A report from crypto data provider, Cross Angle, claims that tokens which first gain traction on Uniswap have consistently provided 208% returns on average once listed by major centralized exchanges. In the past, much had been said about the “Coinbase effect”…
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Binance immediately lists Uniswap’s new token as excitement mounts

Binance has already announced it will list the UNI token. Unfazed by the controversy over its Sushiswap listing, Binance announced support for Uniswap’s new UNI token around 90 minutes after the DeFi platform’s governance token went live on Ethereum. Over the next four years, one billion UNI tokens will be distributed, with 15% being immediately…
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Binance US on track to launch in all 50 states by 2021

‘100% coverage is our goal,’ said Binance US. New legislation may make it possible for Binance US, the American branch of crypto exchange Binance, to open its doors to all traders in every state by next year. According to a Sept. 15 tweet from Binance U.S. CEO Catherine Coley, the digital asset marketplace has just…
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Record $113M BUSD stablecoin inflow shows Binance is serious about DeFi

The rapidly growing market cap of Binance’s BUSD stablecoin shows the exchange is taking serious steps to become a major DeFi contender. New data from CryptoQuant, an on-chain analytics firm, shows $113 million worth of Binance USD (BUSD) has flowed into Binance exchange over the past week. This means BUSD stablecoin now has the highest…
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Binance CEO wants more Ethereum-based DeFi projects to join his platform

A bold invitation from CZ. Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao…
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