Tag: Binance

Binance co-founder He Yi says, ‘forget gender’ and focus on mindset to make it in Web3

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The world of crypto and decentralized technologies is no longer an internet niche, home to a few pioneers on the frontier of fintech. It is now a blossoming sector for people of all backgrounds, interests – and genders. Women have been entering the space in droves to find financial freedom from traditional systems and help create the future of digital interactions. In an exclusive interview with Cointelegraph Binance co-founder and Chief Marketing Officer He Yi touched on what it’s like to be a woman the head of one of the…

Binance NFT adds Polygon network support to its marketplace

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Binance NFT, the nonfungible token (NFT) arm of crypto exchange Binance, has announced that the Polygon network has been included in its supported blockchains within the marketplace.  According to the announcement, the move further expands the NFT ecosystem within the Binance community. With the new integration, users of the Binance NFT marketplace can trade NFTs on various blockchains like Ethereum, BNB Smart Chain and Polygon using their Binance accounts.  We’ve now added support for Polygon on the #Binance NFT Marketplace! Users can now buy, sell, deposit and withdraw NFTs on…

Binance adds 11 tokens to its proof-of-reserves

Binance has increased the number of assets accepted by its proof-of-reserves (PoR) system from 15 to 24 by adding 11 new digital currencies.  Dogecoin, Curve DAO Token, and 1inch are among the added tokens. The crypto trading platform has announced that, as of the most recent update, the total value of all cryptocurrencies in the PoR system exceeds $63 billion. Our Proof-of-Reserves just got an update. We have now increased the number of tokens we cover by 11, to a total of 24. Find out more about our Proof-of-Reserves and…

SEC snubbed as Voyager wins court approval for sale to Binance US

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Bankrupt cryptocurrency lender Voyager Digital has won court approval to sell over $1 billion of its assets to Binance US. The approval was granted by United States Bankruptcy Judge Michael Wiles on Mar. 7, which came after four days of arguments presented by Voyager and the U.S. Securities Exchange Commission (SEC). Wiles said he would give the trading platform permission to close the Binance US sale and issue repayment tokens to impacted Voyager customers, which would give them back approximately 73% of what they’re owed. Wiles rejected a series of…

Crypto Exchange Binance Approached SEC Chair Gary Gensler in 2018 To Offer Advisory Position: Report

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The world’s largest crypto exchange, Binance, reportedly recruited current U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler for an advisory role back in 2018. According to the Wall Street Journal (WSJ), Binance employees approached Gensler when he was a professor at the prestigious US university, Massachusetts Institute of Technology. Chats viewed by the WSJ show that a Binance staffer believed that Gensler would likely be “back in a regulator’s seat if Dems win the 2020 election.” Per the report, Gensler declined the advisory position but offered Binance licensing strategies.…

Binance adds 11 tokens to PoR, claims $63B in reserves

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According to an announcement on Mar. 7, cryptocurrency exchange Binance has added an additional 11 tokens to its proof-of-reserves (PoR) report. These include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. With the latest update, Binance says it now has over $63 billion across 24 assets in its proof-of-reserves system. The largest assets on the exchange include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with $12.7 billion, $7.1 billion, and $16.3 billion in net customer balances, respectively. Although exchanges have begun adopting the PoR method for…

Voyager Bankruptcy Judge Expresses Skepticism Over U.S. SEC Objection to Binance US Deal

SEC Senior Trial Attorney William Uptegrove said Friday that SEC staff believed Binance US may be operating an unregistered securities exchange in the U.S., an assertion that Binance US objected to. On Monday, U.S. Bankruptcy Judge Michael Wiles, of New York’s Southern District Bankruptcy Court, asked SEC Senior Trial Attorney Therese Scheuer whether Binance US or Voyager could have known about this claim prior to Friday. Source

Here’s how Binance is mitigating its stablecoin needs after BUSD ban

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Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, Binance USD (BUSD). The SEC had sent a Wells notice, alleging BUSD violates U.S. securities law. Following the SEC’s notice, the New York Department of Financial Services (NYDFS) asked BUSD issuer Paxos Trust to stop minting new BUSD altogether. The minting ban on BUSD has forced Binance to seek alternative methods to meet its stablecoin needs. According to on-chain data, the largest cryptocurrency…