Binance USD is coming to Dapper Labs’ Flow blockchain

The U.S. dollar stablecoin of top crypto exchange Binance, BUSD, has become the latest stable token to announce it will launch on Dapper Labs’ Flow blockchain. The news comes just days after the platform added the rival USD Coin (USDC) stablecoin. Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered games CryptoKitties and NBA TopShot, began working on Flow to address the scaling issues with Ethereum (ETH) that CryptoKitties starkly exposed after launching in late 2017. The new partnership will allow developers building on Flow to permissionlessly integrate BUSD into…

Uniswap Token UNI Officially Live and Listed by Binance and Coinbase Pro

1 billion Uni Tokens will be made accessible to four groups of people over a period of four years. Interestingly, it took just a few hours after its launch for Coinbase Pro and Binance to list it. Uniswap, a DeFi protocol platform has officially launched its long-awaited token (Uni Token) today with a positive response from its community. Interestingly, it took just a few hours after its launch for Coinbase Pro and Binance to list it. This has been said to be a huge blow to its rival, Sushiswap which…

Binance immediately lists Uniswap’s new token as excitement mounts

Unfazed by the controversy over its Sushiswap listing, Binance announced support for Uniswap’s new UNI token around 90 minutes after the DeFi platform’s governance token went live on Ethereum. Over the next four years, one billion UNI tokens will be distributed, with 15% being immediately available for historic users of the platform to claim today. In total, 60% will go to community members, while the remaining 40% going to team members, investors, and advisors with a vesting period of up to 4 years. After four years, the token will settle…

DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%

Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the bad, and the ugly when it comes to these DeFi tokens and their short-term fate. The Good: Yearn.Finance Ready To Fly If Footing Can Be Found Yearn.Finance is one of those magical success stories that…

CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and US-regulated stablecoin BUSD. CREAM/USD surged by almost 54 percent in just three hours of trading after the Binance listing. The pair hit an intraday high at $120.85. CREAM/USD hits fresh intraday high after Binance listing.…

Binance, Huobi, OKEx Have FOMO for DeFi

Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they are now trying to reposition themselves as integral parts of this exploding sector, particularly as traders in China grow more interested in DeFi.  Huobi announced Tuesday it was adding 10 more members to its DeFi initiative, described as “a consortium of centralized and decentralized financial services providers.” Archrival OKEx, which launched its OKxChain blockchain earlier…

Record $113M BUSD stablecoin inflow shows Binance is serious about DeFi

New data from CryptoQuant, an on-chain analytics firm, shows $113 million worth of Binance USD (BUSD) has flowed into Binance exchange over the past week. This means BUSD stablecoin now has the highest potential buying power over all other USD-based stablecoins except for Tether (USDT). BUSD inflow to Binance. Source: CryptoQuant Binance’s new USD-backed stablecoin is ERC-20-based and was launched in 2019 in partnership with Paxos. Since then, BUSD has steadily been gaining traction as its volume increased and recently surpassed that of USD Coin (USDC) on Sept. 4.   Main…

Binance US on track to launch in all 50 states by 2021

New legislation may make it possible for Binance US, the American branch of crypto exchange Binance, to open its doors to all traders in every state by next year. According to a Sept. 15 tweet from Binance U.S. CEO Catherine Coley, the digital asset marketplace has just launched in Georgia, allowing users to buy, trade, and earn digital assets. Thrilled @BinanceUS launches in Georgia today – our 40th state! Atlanta means so much to me, a 1996 @kerristrug96 fangirl obsessed with the Olympics. What can I say, we’ve come a…

Crypto Exchange Accuses Binance of Facilitating $9M Money Laundering

After hackers stole $9.4 million from Zaif in 2018, its new owner Fisco has now sued Binance for facilitating money laundering. Japanese cryptocurrency exchange Fisco has sued Binance for facilitating money laundering through the 2018 Zaif hack. At the time, the stolen Bitcoins were worth $9.4 million. Today, the Bitcoins are over $15 million.  On the 20th of September 2018, Zaif revealed that the company had lost almost 6.7 billion Japanese yen to hackers. At the time of the press release, Zaif said the hackers stole MONA, Bitcoin Cash, and BTC. Fisco…

Binance sued for allegedly facilitating money laundering with ‘lax KYC’

Binance’s famously light Know Your Customer requirements are being targeted by the current owners of Zaif, a Japanese cryptocurrency exchange that got hacked in 2018. Plaintiffs are claiming that its weak KYC requirements and high daily withdrawal limit facilitated the laundering of $60 million stolen from the exchange. The lawsuit was filed in the Northern District of California by representatives of Fisco cryptocurrency exchange, which acquired Zaif soon after the hack. Fisco is accusing Binance of helping launder $9 million in cryptocurrency, and is seeking compensation for these alleged losses.…