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Aug 1, 2022


The latest news about the cryptocurrency exchange Binance: reviews, opinions, information about representations and important updates to the trading platform.

Binance launched a cloud bitcoin mining service

Binance Pool has launched Cloud Mining service that will allow users to purchase hashrate and mine bitcoin in the cloud.

WSJ: Binance refused to save Genesis Trading

Bitcoin exchange Binance will not invest in Genesis Trading amid the cryptolanding platform’s search for $1 billion in emergency funding. It was reported by The Wall Street Journal.

Singapore’s central bank explains bias against Binance amid FTX crisis

The Monetary Authority of Singapore explained the difference in attitude towards bitcoin exchanges Binance and FTX amid the crisis of the latter.

Binance backed hardware wallet maker NGRAVE

The venture arm of bitcoin exchange Binance announced a strategic investment in hardware wallet maker NGRAVE.

Binance confirmed discussions with regulators on its role in the FTX collapse

Regulators in many countries have sent inquiries to Binance about its involvement in the FTX collapse. A spokesperson for the cryptocurrency exchange confirmed this to The Block. An employee of the company refused to provide details, citing the confidentiality of the dialogue with the supervisory authorities. Earlier, exchange specialists responded to relevant questions from members of the U.K. House of Commons. Parliamentarians expressed disappointment with the lack of specificity in the responses they received. According to Bloomberg, the Treasury Committee […]

Binance suspended deposits in USDT and USDC on Solana blockchain

Cryptocurrency exchange Binance has temporarily suspended deposits in Tether (USDT) and USD Coin (USDC) staplecoins issued on the Solana network. The company did not explain the reason for the decision.

Journalists have learned about the new application of Binance.US in auction for Voyager assets

The U.S. unit of Binance will submit a new bid to participate in the auction for the assets of bankrupt lender Voyager Digital. CoinDesk wrote about it citing informed sources.

The U.S. Congress interested in Binance’s role in the collapse of FTX

The role of Binance in the sudden collapse of one of its competitors, the FTX exchange, has come under scrutiny in the U.S. Congress. House member Patrick McGarry told The Block.

Abu Dhabi regulator allows Binance to provide custodial services

FSRA granted Binance, a bitcoin exchange, permission to operate as a custodian for institutional clients.

Cristiano Ronaldo to launch NFT collection on Binance

Manchester United FC player Cristiano Ronaldo announced the launch of his first NFT collection on the Binance cryptocurrency exchange.

Binance CEO announces joint work of crypto-giants with regulators

Binance CEO Changpeng Zhao plans to bring together major players in the crypto industry to work with policymakers and regulators. He made the announcement during an AMA session.

Binance to launch fund to rebuild industry

Cryptocurrency exchange Binance will launch a fund to reduce the “cascading negative impact” of the FTX collapse on the industry. Changpeng Zhao, CEO of the company, said.

Binance resumed deposits in FTT tokens

Cryptocurrency exchange Binance stopped deposits in utility tokens FTX (FTT) following the release of a large batch of the asset outside the unlocking schedule.

Binance disclosed information about the exchange’s cryptocurrency reserves

A page listing the exchange’s cryptocurrency reserves has appeared on Binance’s website. The company has not made an official announcement, so the list of presented assets may be incomplete.

Binance refused to buy FTX. Justin Sun says he will help find a “solution”

Cryptocurrency exchange Binance rejected the takeover of FTX. The company said it could not solve the platform’s problems.

Changpeng Zhao: FTX crisis is not a victory for Binance

The head of Binance Changpeng Zhao published a letter to employees of the bitcoin exchange, which commented on the crisis FTX and urged to refrain from trading.

Binance replenishes SAFU fund to $1 billion

Binance increased its SAFU fund to ~$1 billion amidst market turbulence caused by the FTX insolvency. This was announced by Changpeng Zhao, CEO of the platform.

Bloomberg removed Sam Bankman-Fried from billionaire list

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, saw his fortune plummet 94% from $15.6 billion to $992 million overnight due to the platform’s liquidity crisis.

Coin Metrics names possible cause of FTX crisis

In the second quarter of 2022, cryptocurrency exchange FTX may have provided “major financial assistance” to Alameda Research, resulting in serious consequences. That’s the conclusion reached by Lucas Nuzzi, head of R&D at Coin Metrics Lucas Nuzzi.

Binance announced plans to integrate bitcoin payments into Deejah

Bitcoin exchange Binance is working with the Ukrainian Ministry of Digitization to introduce cryptocurrency payments for public services.

Changpeng Zhao promised to confirm Binance reserves because of the FTX crisis

Cryptocurrency exchanges should take a transparent approach regarding their reserves, and Binance will be open on the matter. This was announced by CEO Changpeng Zhao a few hours after the announcement of a strategic partnership with FTX.

Binance CEO Changpeng Zhao announced the purchase of FTX

Sam Bankman-Fried and Changpeng Zhao announced a strategic partnership. It envisages a possible takeover of FTX.

Experts predicted “uncomfortable turbulence” in the market because of the conflict FTX and Binance

Binance and FTX’s bear market standoff threatens to cause significant turmoil for players in the short term, experts polled told ForkLog.

FTX token collapsed nearly 30%

In a matter of hours, the FTTX token fell about 28% from levels above $22 to below $16.

Reuters: Binance processed $8 billion in transactions from Iran to bypass U.S. sanctions

Since 2018, cryptocurrency exchange Binance has processed $8 billion in Iran-related transactions despite U.S. sanctions on the country, Reuters found.

Alameda Research said it wants to buy FTT from Binance at $22 per token

CEO of Sam Bankman-Friede-owned Alameda Research Caroline Allison said she is willing to buy the utility token FTX (FTT) from Binance at $22 per unit.

Binance head admits purchase of traditional banks by crypto exchange

Binance is considering buying banks to bridge the gap between traditional finance and the crypto industry. The head of the company Changpeng Zhao said in an interview with Bloomberg.

Binance CEO commented on possible restrictions for Russians

Sanctions against Russia over its invasion of Ukraine have created a “difficult situation” for Binance to work with Russian users.

Binance registered its seventh company in Ireland

Bitcoin exchange Binance opened its seventh unit in Ireland as part of its expansion into Europe. The data from the local Registrar of Companies Office show that.

Central Bank of Kazakhstan to test BNB Chain for its own CBDC

The National Bank of Kazakhstan (NBK) will test Binance’s BNB Chain to roll out its own digital currency.

Binance introduced a blockchain oracle service for BNB Chain

Bitcoin exchange Binance launched the Binance Oracle service, which will connect decentralized applications on the BNB Chain with data How to list your from the real world.

Changpeng Zhao talked about progress in finding the BSC Token Hub bridge hacker

Cryptocurrency exchange Binance is “close” to revealing the identity of the hacker responsible for hacking the BSC Token Hub crosschain bridge. CEO Changpeng Zhao told CNBC.

Binance received digital asset provider license from Cyprus regulator

Bitcoin exchange Binance has received registration from the Cyprus Securities and Exchange Commission (CySEC) as a crypto-asset provider.

Bitcoin exchange Binance announced the listing of Aptos

Cryptocurrency exchange Binance announced the listing of the Aptos token (APT) project of former Meta Corporation employees.

*Daily dispatch – brief summary of the most important news of the previous day. Reading takes no more than two minutes. Published on weekdays at 08:00 Kiev time

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