Binance
35 posts
The director of Binance UK, Teana Baker-Taylor, is leaving the cryptocurrency exchange after a relatively brief, half-year stint in the role. A spokesperson for Binance confirmed to CoinDesk that Baker-Taylor will depart “in a few days,” adding: “We would like to thank Teana for her hard work and achievements leading Binance UK and wish her all the best for the future.” Josh Goodbody, Binance’s director of growth and institutional business, will take on responsibility for the U.K. arm following Baker-Taylor’s departure, the spokesperson said. Goodbody, a lawyer by training, joined Binance in January of this year from rival exchange Huobi Global, […]
A potential partnership between Binance and TaoTao fell through, 10 months after first being revealed. Source link
Binance, Gemini, and Kraken have become the biggest winners since US regulators’ charges against BitMEX on Thursday. Source link
It might be part of every job in crypto to anticipate and react to fast-moving developments that seemingly change the industry’s direction overnight. And apparently not even Changpeng “CZ” Zhao, the high-profile leader of Binance, the world’s largest cryptocurrency exchange, is immune to the industry’s capricious shifts. In a video interview with CoinDesk’s Muyao Shen, Zhao acknowledged that the emerging blockchain sector of decentralized finance, known as DeFi, could eventually upend the business that Binance has grown to dominate: running a centralized cryptocurrency exchange. “Our mission is not to build a CeFi exchange,” Zhao said in the interview, using a shorthand term for […]
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they are now trying to reposition themselves as integral parts of this exploding sector, particularly as traders in China grow more interested in DeFi. Huobi announced Tuesday it was adding 10 more members to its DeFi initiative, described as “a consortium of centralized and decentralized financial services providers.” Archrival OKEx, which launched its OKxChain blockchain earlier this year, boasted Monday that with its latest upgrade the network […]
Crypto.com’s new Defi Swap product will provide yet another platform on which users can token swap and yield farm. Source link
Users of the new Launchpool will be able to stake Binance’s tokens, as well as the ARPA token, for rewards in Bella (BEL). Source link
The exchange giant is hoping to capitalize further on the DeFi boom with a new centralized trading platform that makes it a rival of the likes of Uniswap. Source link
Users of crypto exchange Binance can now stake Dai and Kava as the exchange’s decentralized finance (DeFi) staking platform goes live. Binance’s DeFi staking program was first announced Wednesday with Dai, the stablecoin generated by loans on MakerDAO. The Binance initiative aims to tap into this year’s booming DeFi market by offering the ability for users earn staking rewards (akin to interest) on select digital assets. On Thursday, Binance added Kava as the second asset to its staking product. Kava is a DeFi platform backed by Binance, Huobi and OKEx with a native token by the same name. In a statement to […]
Ellipitc is only the second crypto analysis company to support Binance’s namesake blockchain. Source link
Binance’s charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon’s capital earlier this month. Source link
Launched by software engineers from Porsche and NEAR Protocol, 1inch has raised $2.8 million in a funding round led by Binance Labs. The platform was launched at the ETHGlobal hackathon last year as a liquidity aggregator connecting multiple decentralized exchanges (DEXs). This summer, it reported passing $1 billion threshold in the total volume of tokens going through its smart contracts. Investors in its funding round, announced Tuesday, also included Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures. Loi Luu, founder of Kyber Network, and Illia Polosukhin, co-founder of NEAR Protocol, also participated. The startup […]
Company executives anticipated regulators might one day take an interest in Binance Chain Source link
Malaysia’s financial watchdog says Binance and eToro don’t comply with the country’s securities law; it’s unlikely to make much of a difference to their local operations, however. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners at BitRiver who choose to switch to Binance a better connection and direct route to its mining pool, the two firms said in an announcement Friday. In return, Binance would gain exposure and access to customers who run their machines at BitRiver, which currently operates mining facilities at a capacity of […]
Users in Europe will be able to apply for the Binance Card from August, those in U.K. will be able to do so shortly afterwards. Source link
Binance Labs, the incubation and seed funding arm of the world’s largest crypto exchange, has made its first investment this year, backing decentralized privacy startup HOPR. Announced Thursday, Binance Labs led a $1 million seed round in HOPR, which also saw investment from Focus Labs, Spark Digital Capital, Caballeros Capital and Synaitken. The seed round followed a fellowship award the startup received last year from BinanceX, the exchange’s early-stage developer platform. The investment in HOPR, which takes data privacy to the next level with a token-incentivized mixnet solution, was a long time in the making, explained Binance Strategy Officer Gin Chao. […]
Cryptocurrency exchange Binance has teamed with settlement provider Etana Custody to increase the options for users buying digital assets with fiat currencies. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
At least 75 crypto and blockchain firms received approximately $30 million in government-backed PPP loans during the COVID-19 economic crunch while Binance continues to donate personal protective equipment equipment through its charitable wing. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Crypto LoansMore than 75 companies in the blockchain and cryptocurrency industry collected at least $30 million from the Paycheck Protection Program (PPP), a program meant to provide loans to small businesses affected by the COVID-19-led […]
Binance, the world’s biggest crypto exchange by trading volume, has donated 27,000 KN95 masks worth over $60,000 to the U.K. National Health Service’s Pru Trust to aid the fight against COVID-19. The Princess Royal University Hospital (PRUH) is one of London’s largest and busiest teaching hospitals. It’s part of the King’s College Hospital NHS Foundation Trust, which employs more than 11,000 healthcare workers and delivers services to more than 326,000 Londoners. The COVID-19 outbreak has seen an unprecedented need for personal protection equipment (PPE) by the healthcare system and its workers. The timing is also auspicious, given Binance’s recently-revealed plans to […]
The Brazilian Securities and Exchange Commission (CVM) on Monday ordered cryptocurrency exchange Binance to immediately cease offering derivatives trading services in the country. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Cryptocurrency market data aggregator CoinGecko has updated its trust metric for exchanges, with Binance keeping its top slot in the rankings. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Another day, another spat in the crypto space… The president of the Bitcoin Association, the entity behind Bitcoin Satoshi Vision (BSV), has accused Binance of cherry picking its relationships with the cryptocurrency project after news came out earlier this week that the exchange’s new mining pool was now the single biggest verifier on the BSV protocol. In a statement to CoinDesk, Jimmy Nguyen said it was a “little too ironic” that Binance, which delisted BSV from its main exchange in April 2019 and has been critical of the cryptocurrency, still considered BSV economically worthwhile to mine. “These actions speak far louder […]
Binance, the world’s largest cryptocurrency exchange by trade volume, has joined the Indian tech industry association that helped overturn the nation’s crypto banking ban earlier this year. The cooperation between Binance and the Internet and Mobile Association of India (IAMAI) is an early step in implementing industry best practices in the Indian crypto market, according to a press statement. India’s crypto sector has rapidly emerged after the lifting of a de facto ban in March 2020. Binance is now a member of the IAMAI’s crypto committee. The IAMAI is a not-for-profit trade body of digital businesses operating within the country. Its […]
The most popular cryptocurrency price aggregator site has rolled out a new way of ranking exchanges that keeps owner Binance at the top of the exchange table. CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April – a perfect score. “Six weeks in and Binance’s acquisition of CoinMarketCap [is] already being abused to manipulate the rankings,” tweeted an irate Mati Greenspan, at the time. Well, the price site has some good news: “We have just implemented a new algorithm to replace the previous […]
Binance’s Korean crypto trading arm is now working with blockchain analytics startup Coinfirm to better ensure anti-money laundering (AML) compliance. The extended partnership, announced Tuesday, will see Coinfirm’s AML solution integrated with Binance Korea’s services on Binance Cloud – a platform for launching digital asset exchanges. The platform opened in April to allow Binance’s digital asset trading infrastructure to be rebranded by smaller exchanges for their local markets. “Coinfirm has one of the most advanced analytics systems and data on virtual asset wallets related to money laundering crimes. We look forward to further working with them on implementing the best AML […]
Binance is forced to “technically” support last week’s hard fork of the Steem blockchain, according to the crypto exchange’s CEO, Changpeng “CZ” Zhao. In a statement on the company’s official blog Sunday, CZ said that, while the exchange is “very much against zeroing other people’s assets on the blockchain,” to not support it would mean that Binance users would not be able to withdraw their steem tokens. The result of a dispute in the Steem community over the acquisition of SteemIt – the blockchain ecosystem’s biggest and more powerful application – by Tron and Justin Sun, the hard fork was used […]
A month on from Binance buying CoinMarketCap for a rumored $400 million, the crypto price aggregation site has unveiled an exchange ranking system that gives its new owner the best score possible thanks, in part, to the CEO’s Twitter feed. “We listened,” said CoinMarketCap’s new owner, Changpeng “CZ” Zhao, tweeting the news out on Thursday. He was referring to the fact many traders had expressed concerns about exchanges artificially inflating volumes so they seem more prominent – known as wash trading. “Now, I can finally have a clear view of the field and see who the real upcoming exchanges are, lol.” […]
Binance has frozen funds linked to the $49 million breach of the Upbit crypto exchange, as hackers tried to liquidate some of their ill-gotten gains. Most of the action around the news took place on Twitter. At just after 16:00 UTC Wednesday, bot Twitter account Whale Alert warned Binance – which has previously committed to freezing any funds stemming from the hack – that roughly 137 ether (worth around $27,000 at press time) had moved from an address linked to the Upbit hacker group to its wallets. Binance CEO Changpeng “CZ” Zhao tweeted soon after that the funds had been successfully […]
Binance is making a bet on the potential of the Indonesian crypto market, making an undisclosed investment into the Jakarta-based and regulated exchange, Tokocrypto. Binance, the crypto trading leviathan that doesn’t like to reveal where it’s based, announced Tuesday morning that the funding would go toward growing Tokocrypto’s business, such as building out new offerings and products, improving the tech stack, as well as expanding its customer base. Launching in 2018, Tokocrypto became the first exchange to be regulated by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI) in 2019. Indonesia is quite strict when it comes to digital assets. Crypto is […]
Binance.US has launched an OTC trading portal for major orders. The feature will allow users of Binance’s US affiliate to process orders worth $10,000 or more directly between customers, off of the normal exchange’s order book. Catherine Coley, CEO of Binance America, announced the launch during Consensus: Distributed on Monday. Coley said the launch comes at an opportune time for large value traders given increasing interest in bitcoin from well-known investors, such as hedge fund pioneer Paul Tudor Jones II. “We just saw Paul Tudor Jones speak up about owning almost 2% of his net worth in bitcoin so as people […]
Binance CEO Changpeng “CZ” Zhao really doesn’t want to tell you where his firm’s headquarters is located. To kick off ConsenSys’ Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance brand. Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China’s digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance’s smart chain wouldn’t tread on Ethereum’s toes – “that depends on the definition of competing,” he said – and how Binance […]
Cryptocurrency exchanges based outside the U.S. are pushing to fill what they see as a competitive gap in the world’s biggest economy – offering more leverage to traders who have limited alternatives due to a strict domestic regulatory environment. Antigua and Barbuda-based cryptocurrency exchange FTX plans to launch its newly established U.S. unit this month. Margin trading, in which users can buy and sell assets using borrowed money, could become a key feature of the U.S. operations, FTX CEO Sam Bankman-Fried told CoinDesk. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the […]
In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored bitcoin adoption in the Middle East. The future of money will be defined by African markets, where cryptocurrency awareness and usage surged dramatically over the past year. Aspiring entrepreneurs like Ghanan high school student Emmanuella see bitcoin as a tool for international trade, not just speculation. He plans to buy some as soon as he turns 18 and can apply for a local mobile money account. […]