Binance has no intentions to auto-convert Tether
Binance has acknowledged that it does not currently have any intentions to “auto-convert” Tether (USDT) to Binance USD (BUSD), but that this “may change.” Binance shocked the market on September 6 by announcing it would stop supporting USD Coin (USDC), a stablecoin linked to the US dollar, along with USDP Stablecoin (USDP), and TrueUSD on […]
Nigeria, Binance discuss crypto-friendly economic zone
The planned alliance between Nigeria and Binance intends to create a digital city that welcomes cryptocurrency, much like the virtual free zone in Dubai. The government of Nigeria and the cryptocurrency exchange Binance met informally in order to discuss the possibility of creating a special economic zone to support companies involved in the blockchain and […]
Binance uncovers suspects in KyberSwap breach
Based on an independent investigation, Binance’s security team identified two suspects in the $265,000 KyberSwap heist. Crypto exchange Binance has identified two suspects who appear to be the perpetrators of a $265,000 breach on the decentralized cryptocurrency exchange KyberSwap. On September 1, Kyber Network fell victim to a frontend vulnerability, enabling the attacker to steal […]
Binance updates ETH, LUNC and USTC deposits and withdrawals
Binance modified a few aspects of deposits and withdrawals for LUNC and USTC while also announcing zero fees on trading for ETH. The Shuttle Bridge will no longer accept deposits or withdrawals of Terra Classic tokens, LUNC, or USTC, according to a statement from Binance. In a recent notice, the exchange indicated that starting on […]
Binance CEO: We’re Not Chinese!
CZ outlines his personal and economic history with China and why it’s unfair to call Binance Chinese-controlled. Binance CEO Changpeng Zhao (CZ) has made a statement on the Binance blog to clear up some of the confusion around Binance’s connection with China. He said that contrary to rumors, Binance is not based in China and […]