Despite the bear market, Binance is one of the firms that has continued to build and make meaningful partnerships with firms and organizations. In its latest headline on partnerships, Binance joined the Association of Certified Sanctions Specialists (ACSS), which provides sanctions training for multinational corporations and financial institutions. Founded in 2018, the ACSS provides its[Read more…]
Monthly Archives: January 2023
06
Jan
Jan
Unlike many major cryptocurrencies, which witnessed more than a 75% loss in market value, the Binance coin has projected relatively fewer losses during the ongoing downtrend. By press time, the BNB price trades at $256.5, which is 62.89%, down from the all-time high of $690.93. Moreover, the coin price is currently wobbling near a high accumulation zone[Read more…]
06
Jan
Jan
Huobi Global sees $60.9 million worth net outflows in just one day. The withdrawals surged after unconfirmed reports of Huobi laying off employees surfaced on social media. Today, Justin Sun confirmed that Huobi will be laying off 20% of its staff. Top withdrawals from Huobi are mainly in USDT, USDC, ETH from wallets with high balances. Reports[Read more…]
06
Jan
Jan
Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company’s acquisition moves hit the industry. According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax. The deal was originally scheduled to be revealed last year, and it involved Binance buying the stock holding from[Read more…]
06
Jan
Jan
Binance has previously undercollateralized its stablecoin, BUSD, on its own blockchain, according to on-chain data revealing that the wallet backing the BUSD bridged from Ethereum’s blockchain onto Binance’s blockchain did not consistently equal one dollar’s worth of assets for each Binance-pegged BUSD. Investigative reporter Jonathan Reiter of Data Finnovation collaborated with Patrick Tan of Novum Alpha to initially publicize the shortfall. Reiter has published five scholarly articles[Read more…]
06
Jan
Jan
Binance, in an announcement on 4 January, stated that they would launch a new Initial Game Offering to announce a new NFT project. Some users would also be rewarded with NFT collections and rewards through this event. BNB traders remained uninterested However, despite Binance’s efforts to raise enthusiasm for its NFTs, popular NFT collections on the BNB chain, such[Read more…]
06
Jan
Jan
2022 was a disastrous year for the crypto market, also considered to be the worst year for cryptocurrencies. There were major collapses, the last being the implosion of once leading exchange FTX. This was followed by the arrest of a crypto billionaire, Sam Bankman-Fried. The market has been sluggish since then and is finding it[Read more…]
06
Jan
Jan
Check out these five ways to invest and five other ways to pay in bitcoin in 2022. The ongoing bear run in crypto is making many people reconsider their Bitcoin-buying decisions. But as any seasoned investor will tell you, the utility of Bitcoin trumps these short-term ebbs and flows. The price of Bitcoin at the[Read more…]
06
Jan
Jan
GMX users have a chance to work with BNB Chain and receive support for deployment on the most active blockchain around. GMX Proposal for BNB Chain A BNB Chain supporter submitted a proposal to the GMX governance platform to deploy GMX on BNB Chain. The proposal, submitted by the account AdamBNB on January 5, goes through the technical background[Read more…]
BSC News
Binance Becomes Member of Association of Certified Sanctions Specialists to Help Global Compliance
06
Jan
Jan
The move helps to increase the knowledge and standard of compliance team members at Binance. Binance Grows Global Compliance Role Binance is confirmed to be joining the Association of Certified Sanctions Specialists (ACSS), bringing together the world’s largest crypto exchange with the consortium of global compliance professionals. Binance will move to an active role in[Read more…]
