Binance and FTX Bids Around $50M for Voyager’s Assets
Sources who spoke to the Wall Street Journal said that Binance’s current bid is just a little bit higher than FTX’s. Sources who spoke to the Wall Street Journal about the situation said that Binance and FTX put in the highest bids of about $50 million for the assets of the bankrupt crypto lender Voyager […]
Binance Set to Gain From Increased Supply of Its Own Stablecoin
The bank said that the automatic conversion of other stablecoins could add $908 million to the amount of binance USD on the market. Trade in crypto Bank of America (BAC) said Thursday in a research report that Binance’s decision to convert all existing balances and future deposits of three stablecoins—USD coin (USDC), trueUSD (TUSD), and […]
Binance to Issue Tokens to Users Who Complete KYC Checks
With the tokens, people will be able to join building projects on the BNB chain after they have successfully completed their KYC checks. A public announcement says that the cryptocurrency exchange Binance plans to give all users who meet “know-your-customer” (KYC) requirements a “soulbound” token on the BNB blockchain. Soulbound tokens, which in this case […]
Binance Hires Adalberto Palma Gómez As Global Adviser
Adalberto Palma Gómez, who was president of the CNBV from December 2018 to March 2020, is now an adviser to Binance. He is working with Minister Henrique Meirelles, who was president of the Brazilian Central Bank before Palma Gómez. Binance, which has the most trades of any cryptocurrency exchange in the world, hired Adalberto Palma […]
Binance Introduces Ether Staking In The U.S. Ahead of “Merge.”
Binance will start giving its U.S. customers an annual percentage yield (APY) of 6% on amounts as low as 0.001 ETH. The cryptocurrency exchange Binance is adding staking for ether (ETH) in the U.S. This comes before the “Merge” of Ethereum. Binance will start giving its U.S. customers a 6% annual percentage yield (APY) for […]