Tag: Binance

Bitcoin Alternative ‘Bitcoin BSC’ Launches Presale on Binance Smart Chain With High APY Staking

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Aiming to offer a Bitcoin alternative to investors during the bear market, Bitcoin BSC token is off to an explosive start in its presale, having already raised close to $50,000 in just 24 hours.  Investors have been dissatisfied with Bitcoin’s performance in recent weeks as the largest cryptocurrency is down 11% over the past month. On the other hand, Bitcoin clones like BTC20 and BTC 2.0 have outperformed the bearish crypto market and have shown remarkable bullish strength.  Bitcoin BSC is another such token that is generating tremendous enthusiasm amongst…

Binance Russia execs leave amid ongoing rumors of market exit

Two Binance executives announced they were leaving the company amid the rumors of the major exchange possibly exiting Russia. Binance’s head of Eastern Europe and CIS, including Russia, Gleb Kostarev, announced in a Sept. 6 LinkedIn post that it was his last day at the company. “Friends, today is my last day at Binance. I am stepping down from my role as VP, Head of Eastern Europe, CIS, Turkey, and ANZ (a few months ago, I also stopped covering APAC).” Gleb Kostarev Similarly, Binance General Manager for Russia and CIS…

FDUSD Market Cap Jumps By 20% Following Binance Directive

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The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain. The token was officially listed for specific trading pairs on the crypto exchange in July. Binance’s Directive Drives Adoption Of FDUSD  On August 31, Binance confirmed reports of intention to halt support for Binance USD (BUSD) stablecoin following the regulatory embargo on the token’s issuance.…

Jim Cramer endorses Binance and BNB despite recent troubles

“Mad Money” host Jim Cramer says he’s bullish on Binance and its BNB token, even as the crypto exchange faces regulatory hurdles and liquidity concerns. Jim Cramer, the American television host renowned for his financial acumen, has taken a bullish stance on Binance and its native cryptocurrency, BNB. Known for his CNBC program “Mad Money,” Cramer’s endorsement comes when the crypto exchange is grappling with regulatory challenges and market turbulence. Jim Cramer’s controversial market influence Jim Cramer is no stranger to controversy, but his sway in financial circles is unquestionable.…

Binance Faces Another Executive Departure as Its Global Head of Product Resigns

Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed statement thanking him for his contributions during a period of substantial growth. “We…

Binance head of product quits as executive exodus continues

Cryptocurrency exchange Binance continues to lose some of its key executives amid increasing scrutiny of the platform from regulators around the world. Binance head of product Mayur Kamat has confirmed he is leaving the crypto exchange after nearly two years. “It is time for me to step down and transition product leadership to Binance’s next-gen leaders. I have worked closely with product leads to ensure a seamless transition,” Kamat told Cointelegraph on Sept. 4. Kamat also said that it is a good time for him personally to take some time…

Binance CEO Changpeng Zhao sheds light on Binance’s future amid regulatory challenges

Binance CEO Changpeng Zhao recently addressed various pertinent questions about the leading Bitcoin (BTC) trading venue and its future amid ongoing regulatory challenges. Zhao, known within the crypto sector as “CZ,” provided insight on the exchange’s current situation as well as BNB Chain’s momentum in a recent X (formerly Twitter) “Ask Me Anything” session. CZ debunks Binance rumors and FUD Zhao began by addressing the rumors surrounding Binance, emphasizing that negative news often spreads faster than the truth in the crypto world.  He acknowledged the presence of FUD (fear, uncertainty,…

Binance CEO CZ forecasts DeFi outgrowing CeFi in the next bull run

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Binance CEO Changpeng “CZ” Zhao predicts that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a Sept. 1 live X Spaces (formerly Twitter Spaces), titled CZ AMA, CZ shared his thoughts on the future of DeFi. “I think the more decentralized the industry becomes, the better,” he declares, adding that it may not be long before it takes over CeFi trading volumes: “Defi is the future, the volume is somewhere between 5% to 10% of CeFi volumes, which is not small right […]…

Binance Australia GM ‘really confident’ regulators will side with crypto

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Binance Australia General Manager Ben Rose says he’s “really confident” that Australian regulators will eventually make the right choices when it comes to laws that govern digital assets in the country.  “There are lots of very smart people in the government working really hard on [crypto] policy, so I’m really confident that we’ll get there in the end,” said Rose, speaking to Cointelegraph at the Intersekt Fintech conference in Melbourne, Australia on Aug. 31. Roses’ comments stand against a backdrop of recent hostility towards crypto — some of which has…