Monthly Archives: June 2023

Binance’s BNB Chain Introduces Layer-2 Testnet Powered by Optimism Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.” On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, which it[Read more…]

On June 19, a post on the r/buttcoin subreddit showed a so-called “utility closet” that a firm called Binance Ltd uses as a registered office address in the U.K. Binance Denies Affiliation However, a spokesperson for the major cryptocurrency exchange told Cointelegraph that the registered organization is not a Binance entity. Address Details The address[Read more…]

Binance and SEC Propose to Limit Fund Access to U.S. Staff Binance, Binance.US, and the Securities and Exchange Commission (SEC) have reached a proposed agreement to restrict customer funds exclusively to Binance.US employees in the short term. Binance recently filed a court request to deny the U.S. SEC’s request for a temporary restraining order (TRO),[Read more…]

Unveiling the TokenWhistle Public Presale TokenWhistle, a trailblazer in the world of crypto tokens, is excited to announce the commencement of our public presale. This event marks a critical milestone in our journey to revolutionize the crypto market. Starting from 19th June 2023, until 26th June 2023, 21:00 UTC, this presale provides potential investors with[Read more…]

Amidst Regulatory Challenges, Binance Halts Operations in The Netherlands Amidst the regulatory challenges swirling around Binance.US and its ongoing tussle with the SEC, The Netherlands branch of the exchange has chosen to halt its operations within the country. This significant move was communicated to Binance users in The Netherlands through the latest report issued on[Read more…]

Binance Issues Statement on Investigations in France Binance, the world’s largest cryptocurrency exchange, has recently faced scrutiny regarding an investigation by French regulatory authorities for alleged money laundering activities. In response to these reports, Binance has issued an official statement. The exchange clarified that the investigation was actually an on-site visit conducted by regulators and[Read more…]

The dollar-pegged Binance USD (BUSD) falls to fourth position The stablecoin BUSD, which is pegged to the US dollar, has slipped to the fourth position in market capitalization among other stablecoins. According to data from CoinMarketCap, BUSD’s market cap has experienced a decline of over $1 billion in the past 30 days. As of writing,[Read more…]

Binance Issues Cease and Desist Notice to Fraudulent Nigerian Entity Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited. On Sunday, June 18, Zhao took to Twitter to make the announcement. On June 9, the Nigerian Securities and Exchange[Read more…]

Blockchain Investigator ZachXBT Receives Over $1M in Donations Blockchain investigator ZachXBT has received over $1 million in donations from the crypto community in just over 24 hours to pay for his legal fees in a defamation lawsuit. ZachXBT, known for his investigative work in the blockchain and cryptocurrency industry, has become embroiled in a legal[Read more…]

Binance CEO CZ Expresses Relief as SEC Dispute is Resolved Binance CEO Changpeng “CZ” Zhao expressed his happiness and relief as a prolonged dispute with the United States Securities and Exchange Commission (SEC) was successfully resolved. The SEC’s ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a welcome[Read more…]