Binance Labs Makes Strategic Investment In Hardware Wallet
Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round. Binance, a cryptocurrency exchange, is moving into the hardware wallet market. On November 21, the company disclosed that Binance Labs, its venture capital division, had made a strategic investment in Belgian hardware wallet […]
Abu Dhabi Approves Binance Financial Services Permission
UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, a series of regulatory approvals for the exchange. Financial Services Regulatory Authority and Abu Dhabi’s Global Market (ADGM) have given cryptocurrency exchange Binance permission to operate in the area. Binance will be authorized to provide cryptocurrency custodial services to professional clients […]
Binance CEO CZ On FTX Crash
CZ believed the incident was terrible for the industry because one of the top cryptocurrency businesses collapsed over night. In 2022, cryptocurrency exchange FTX declared bankruptcy alongside numerous other failed projects, such as Terra (LUNA), 3AC, Celsius, and Voyager. Changpeng “CZ” Zhao, the CEO of Binance, the largest cryptocurrency exchange, predicts a period of increased […]
Binance withdraws from agreement to purchase FTX
The cryptocurrency exchange has canceled the acquisition after Binance revealed its intention to buy rival FTX on Tuesday. The company backed out of the agreement one day after cryptocurrency exchange Binance revealed its intention to buy rival FTX for an unknown sum. According to the exchange, the purchase will not be pursued after due diligence. […]
Binance Adds $1 Billion To SAFU Fund
Binance CEO CZ rushed to Twitter to reassure users that the crypto exchange’s insurance funds had been topped off at $1 billion. Binance CEO Changpeng “CZ” Zhao guaranteed his community of assurance of sufficient cash backing the network even as the liquidity crisis and acquisition of cryptocurrency exchange FTX continue. On the basis of “recent […]