Tag: Binance

US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’ – Regulation Bitcoin News

boss

Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) sent a letter to Binance and Binance US on Wednesday, calling for the crypto exchanges to “provide transparency about potentially illegal business practices.” The letter, addressed…

Binance to Revive Its Registration Bid in Singapore

Binance is looking to legally expand its global influence and this goal is currently being threatened in countries like the United States. The Binance exchange, the world’s largest digital currency trading platform is set to retry its luck in applying as a payment service provider in Singapore. As reported by Nikkei Asia, the trading platform will apply to the Monetary Authority of Singapore (MAS) for the Capital Markets Service License through its local subsidiary Ceffu. Ceffu was rebranded back in February having operated earlier as Binance Custody. Unlike its core…

Binance custody partner clarifies Singapore licensing plans

boss

Amid various reports about Binance trying to revive its crypto licensing plans in Singapore, the crypto exchange has set the record straight. Binance told Cointelegraph that Ceffu, its “independent institutional custody partner,” will apply for an institutional crypto custody license when Singapore’s central bank opens applications. Singapore has established itself as a hub for crypto businesses owing to its flexible tax policies, access to diverse tech talent and convenient location, which allows companies to operate smoothly within the region in Asian time zones.  The Monetary Authority of Singapore (MAS) is…

Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run – Bitcoin News

boss

On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped today and was limited to 10,000 mints. Combining AI and NFTs: Binance CEO Announces Bicasso Artificial intelligence (AI) has been popular in 2023, with Openai’s platform Chatgpt, also known as GPT-3, making headlines, and artists using AI-centric art programs such as Nightcafe, DALL-E, Starry AI, Jasper, and Deep AI. On March 1,…

Top 5 BEST Crypto Exchanges in 2023: Are They SAFE?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🛒 Binance Discount Deal 👉 🛒 OKX Discount Deal 👉 🛒 Bitget Discount Deal 👉 🔥 TOP Crypto TIPS In My Newsletter 👉 ~~~~~~ 📺 Useful Vids 📺 Self Custody 👉 Exchange Proof of Reserves 👉 Binance Review 👉 Kraken Review 👉 ~~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ Best Crypto Exchanges: Binance Review: Kraken Review: OKX Review: Bitget Review: Binance Proof of Reserves: Binance US Supported Coins: Kraken Proof of Reserves: Binance Withdrawals: Coinbase Legal: ~~~~~~ – TIMESTAMPS – 0:00 Intro…

$264 million in bitcoin moved to Binance by unknown wallet

boss

A single transaction processed on Feb. 28 moved nearly $264 million worth of bitcoin (BTC) from an unknown wallet to world’s top cryptocurrency exchange Binance. The transaction in question moved 11221.055 BTC worth $263,851,890 with a fee of 3,537 satoshi (1/100,000,000 of a bitcoin) worth just $0.83. The movement comes as bitcoin trades at $23,450 after having gained 0.55% over the last 24 hours and losing 1.4% over the last 7 days. Bitcoin 7-day price chart. | Courtesy of CoinStats. In the meanwhile, on-chain data provided by Glassnode shows that…

Ethereum DeFi Altcoin Explodes 140% After Surprise Support From Crypto Exchange Binance

boss

A decentralized Ethereum (ETH)-based lending protocol is leading the altcoin markets with explosive gains following surprise support from Binance, the world’s largest crypto trading platform by volume. In an announcement yesterday, Binance revealed it would be listing Liquity (LQTY) in its “Innovation Zone”, where newer tokens with higher volatility are designated. Liquity is a borrowing and lending protocol powered by its stablecoin LUSD, and uses ETH as collateral. LQTY, its native token, can be used for liquidity mining and staking. LQTY stakers can earn LUSD from fees on loan issuance,…

Binance Can’t Keep Its Story Straight on Misplaced $1.8B USDC

In the course of its investigation, Forbes interviewed Patrick Hillmann, Binance’s chief strategy officer. Hillmann’s explanation, included in the original story, seemed to be simply that the on-chain wallets understood to contain backing for Binance’s stablecoins are effectively meaningless. “There was no commingling” of customer funds, Hillman told Forbes, because “there’s wallets and then there is a ledger.” According to Hillman, this off-chain, internal ledger is what really tracks assets owned, or custodied, by Binance, with on-chain wallets acting as, in his words, mere “containers.” Source

Binance NFT Releases AI-Powered NFT Generator

Similar to AI art platforms such as DALL-E or Midjourney, Bicasso users can type in a creative prompt to produce a unique image, or they can upload an image for the tool to adapt. Users can then mint their images as NFTs on Binance’s native BNB chain. Source