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PancakeSwap (CAKE) Soars 10% After Binance’s Strategic Investment

The world’s largest crypto exchange Binance on Monday said its venture arm Binance Labs has made a strategic investment in PancakeSwap’s governance and utility token CAKE. Binance Labs envisions leading the next wave of global blockchain adoption by providing technology development, marketing and community support, and Web3 solutions. As a result of Binance Labs’ investment,[Read more…]

Binance Courts Philippine License, To Target Southeast Asia

The world’s largest crypto exchange Binance is currently seeking the Virtual Asset Service Provider (VASP) and Electronic Money Issuer (EMI) licenses in the Philippines. Binance CEO “CZ” met with Philippine officials to discuss regulatory and banking support for expansion in the country. Binance is currently leading blockchain and crypto projects in Southeast Asia to increase[Read more…]

After Stablecoins, Is It The Turn Of Exchange Tokens?

The ongoing SEC probe on Binance’s BNB token could pave way for a larger regulatory move going forward. Last month, the catastrophic meltdown of the Terra network meant an ever growing regulatory pressure on the stablecoin market as a whole. The Securities and Exchange Commission (SEC) is inquiring if Binance’s initial coin offering (ICO) broke[Read more…]

BNB Price Analysis: BNB Price Nearing $260 Yearly Support; Another Breakdown?

The Binance(BNB) relief rally turned down from the $330 resistance, indicating the prevailing downtrend’s resumption. Thus, the resulting downfall tumbled the altcoin price by 15% as it continued to crawl towards the yearly support of $260.  Key points The 20-day EMA provides constant resistance to the BNB price. The vortex indicator reflects a bearish crossover[Read more…]

These Major Tokens Stand To Lose From The SEC-Binance Probe

The US Securities and Exchange Commission’s (SEC) probe against Binance has sparked concerns over regulatory action against other cryptocurrency exchange tokens. The watchdog will reportedly explore if the BNB token was a “Security” at the time of ICO. Major Crypto exchange token’s price drops on Binance Probe There are many crypto exchanges that have issued[Read more…]

Just-In: Binance’s BNB Token Dumped Over 9% Amid SEC Probe

Binance’s BNB, the fifth largest cryptocurrency, has come under investigation by the US Securities and Exchange Commission (SEC). BNB, which is the native token on Binance, slumped as much as 11% after news of the probe broke. The token is trading at an average price of $279.6, at the press time. Other exchange-linked tokens, including[Read more…]

Breaking: Binance CEO Refutes Money Laundering Report

Binance CEO “CZ” on Tuesday refuted a Reuters report that the exchange facilitated about  of $2.35 billion worth of illegal transactions. CZ released over 50 pages of email records between Binance’s cybersecurity team and Reuters, which he believes refutes the Reuters report. Binance CEO responds to Reuters report Reuters on Monday reported that Binance’s weak[Read more…]

Breaking: U.S. SEC Initiates Investigation Into the 2017-Sale of Binance’s BNB Crypto

The world’s fifth-largest cryptocurrency BNB Coin has now come under the scrutiny of the U.S. Securities and Exchange Commission (SEC). After five long years, the securities regulator has launched an investigation on whether Binance violated the securities laws with its 2017 BNB token sale. This is the second major cryptocurrency after the XRP that has[Read more…]

Terra Relaunch Is Already Inspiring A Slew Of Scam Tokens

The recent Terra relaunch appears to have inspired several similarly named scam tokens and fake accounts attempting to fool investors. Leading blockchain security firm PeckShield on Monday said scammers running LUNA rug pull have laundered nearly 730 BNB tokens through Tornado Cash. Scams and frauds rose significantly amid the Terra 2.0 and LUNA v2 launch[Read more…]

TRON (TRX) Among The Best Performing Tokens In May, Here’s Why

The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stableocoin USDD has made a major impact on the surge of Tron’s total value locked (TVL). TRX jumped by around 30% in the past 30 days, vastly outpacing a broader[Read more…]