Binance Expands Proof Of Reserves Report With 11 New Tokens
By introducing 11 new digital currencies, Binance has boosted the number of assets supported by its proof-of-reserves (PoR) mechanism. Among the new tokens are Dogecoin, Curve DAO Token, and 1inch. According to the most recent update, the value of all cryptocurrencies in the PoR system exceeded $63 billion, according to the crypto trading site. In […]
Binance.US To Buy Voyager Digital’s Assets
According to a March 7 Bloomberg story, a New York bankruptcy judge has permitted Voyager Digital to sell its assets to Binance.US. According to Judge Michael Wiles’ decision, the two parties to the proposal may try to finalize the transaction and transfer the pertinent crypto assets. Voyager must now choose whether to proceed with the […]
Binance starts anti-scam campaign after Hong Kong pilot run
Binance is starting a campaign to stop scams by sending tailored alerts to potential victims in conjunction with law enforcement organizations. The “Joint Anti-Scam Campaign” project, which the corporation is currently planning to expand into additional jurisdictions, was initially launched in Hong Kong. In accordance with the company’s post, it worked with the Cyber Security […]
BUSD market cap falls below $10B
For the first time in almost two years, Binance’s USD (BUSD) market cap has dropped below $10 billion from its all-time high of $23.49 billion, set on Nov. 15, 2022. Binance Due to a scheduled delisting from a major cryptocurrency exchange and a legal crackdown on its token issuer in the United States, USD’s market […]
Binance applies for license in Singapore for crypto services
Binance is applying for a license to once more provide cryptocurrency services in Singapore with a renewed focus on institutional clients. Binance, the biggest cryptocurrency exchange in the world reportedly intends to have Ceffu, its custodial division, submit an application for a license to offer professional investors custodial and other digital asset services. The spinoff […]