Tag: Binance

Crypto Exchange Binance Burns Over $575,000,000 in BNB Following Token Update

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The chief executive of the world’s largest crypto exchange by volume says that the platform has torched $575 million worth of its native asset in its latest quarterly burn. In a new blog post, Binance CEO Changpeng Zhao says that the crypto exchange has destroyed a total of 2,064,494 Binance Coin (BNB) in its 22nd overall burning event and first quarterly burn of 2023. Binance says it plans to perform coin burns every quarter until it eliminates a total of 100 million BNB from circulation – half of the token’s…

Binance registers as virtual asset service provider in Poland

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Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations.  Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which require Polish users to sign new terms and conditions with Binance Poland in order to continue using the company’s services.  Witam, Poland #Binance is fully compliant with Polish regulatory standards for virtual asset service providers (VASPs). This registration enables #Binance to provide crypto asset exchange and custody services in the…

Rocket Pool (RPL) Surged 55% after Listing on Binance

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Trackers on January 18 show that the native token of Rocket Pool, RPL, rallied 55% and is among one of the top performers in the top 100 coins by market capitalization. Rocket Pool is Rallying after Binance Listing The surge coincides with RPL’s listing on Binance, the world’s largest cryptocurrency exchange by trading volume. The token is paired against USDT, the stablecoin issued by Tether Holdings, which is also the most liquid in crypto circles, and BUSD. However, the surge registered earlier today has since been reversed. Data showed that…

Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case – Exchanges Bitcoin News

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A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages and the funds deposited as part of the court decision in September. Binance Loses Lawsuit in Sao Paolo Local courts have begun to deal with cryptocurrency exchange-related cases in Brazil. Binance, one of the biggest cryptocurrency exchanges in the market, lost a case derived from…

Bullish Binance: Snowfall Token Hype Continues In The Crypto Community As The New Player Continues To Outshine Mainstream Cryptos

Place/Date: – January 18th, 2023 at 5:12 am UTC · 4 min read Source: Snowfall Protocol Binance, the largest cryptocurrency exchange by volume, is well-known for its continued bullish attempts in the ecosystem, and in 2023 it seems to have Shiba Inu (SHIB) and Terra classic (LUNC) in its list. Binance has been instrumental in assisting Terra Classic in reducing its LUNC supply through burns. What’s more, Binance has staked 4 trillion SHIB in the Shiba Inu ecosystem ahead of the highly anticipated Shibarium release. In other news, Snowfall Protocol…

Binance Coin Forms Bearish Pattern, Fundamentals Look Strong

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In the wake of FTX’s collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust and excessive price losses. Slowly and gradually, however, investors seem to be regaining confidence in Binance. The BNB price has risen 9.3% over the last seven days, reaching $301 at press time. Although there was some positive news from Binance…

Binance Launches Off-exchange Settlement Solution Binance Mirror for Institutional Investors

Binance announced it recorded a huge influx of institutional investors interested in digital assets during the fourth quarter of 2022. The Binance cryptocurrency exchange, the world leading digital asset exchange on daily traded volume and global regulations, has announced the launch of its off-exchange settlement solution for institutional investors dubbed Binance Mirror. According to the announcement, digital assets in the Binance Mirror account for more than 60 percent of all assets secured on Binance Custody. As such, the company saw it prudent to provide institutional investors with a secure alternative…

Newly Launched Binance Mirror to Provide Off-exchange Settlement Solution

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Major cryptocurrency exchange Binance has recently announced the release of Binance Mirror, an off-exchange settlement option for institutional clients, under its custody company. Institutional investors can practically lock collateral by linking their approved cold wallet to Binance Custody. The assets from their cold wallet will then be mirrored on their Binance exchange account, hence the name “Binance Mirror.” As long as the mirror position is open on the Binance exchange, which can be resolved at any time, Binance stresses that the assets in the cold storage will be kept secure.…

Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients – Bitcoin News

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The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets will be mirrored on their Binance exchange account with a 1:1 balance. Binance Mirror Allows Institutional Investors Access to Liquidity via Assets Held in Cold Storage On Monday, Binance announced the launch of an off-exchange settlement solution called “Binance Mirror.” Essentially, institutional investors can lock collateral by connecting…