Best 7 projects on the BNB smart chain
BNB Chain, formerly known as Binance Smart Chain, has secured its place as the third most popular DeFi ecosystem, with about $12 billion in assets held in its most successful DeFi protocols, during the past year. BNB Chain is a combination of Binance Chain and Binance Smart Chain; it now stands for “Build and Build” […]
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 Will Launch Proof Of Reserves To Ensure Transparency
This comes after CZ revealed that Binance would buy its rival FTX in order to protect against the liquidity crisis it is experiencing. The CEO of Binance, CZ, recently suggested that all cryptocurrency exchanges perform merkle-tree proofs of reserves. He added that, unlike banks, cryptocurrency exchanges, shouldn’t operate on fractional reserves. In order to allay […]
Binance moves to acquire FTX exchange
Binance’s CEO has stated the intent of the company to acquire FTX exchange in what is described as an attempt to help cover the liquidity crunch. In a recent development, the CEO of Binance, Changpeng Zhao, often known as CZ, stated on Twitter that they had signed a non-binding Letter of Intent (LOI) to acquire […]
CZ Binance rejects Alameda’s offer for its FTT holdings
The CEO of cryptocurrency exchange Binance, also known as CZ Binance appeared uninterested in Alameda Research’s offer to purchase Binance’s FTX Token FTT holdings. Binance CEO reacted on Twitter on November 7 to an inquiry asking if he would accept Alameda Research CEO Caroline Ellison’s offer to purchase Binance’s FTT holdings for $22 per token. […]