Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi Source
Binance Gets In-Principle Approval to Operate as Crypto Broker-Dealer in Abu Dhabi
Tag: Binance
Binance receives in-principle approval to operate in Abu Dhabi
Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai. The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies — marking yet another milestone for the crypto exchange, which envisions to operate as a fully-licensed firm. @binance, one of the world’s leading #blockchain and #cryptocurrency platforms, received an IPA from the #ADGM Financial Services…
Binance Ban in Pakistan | Cryptocurrency in Pakistan going to Ban?
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Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit – Bitcoin News
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca Brands, a16z, Dialectic, Paradigm, and Accel — constitutes part of the actions the company is taking to recover its ecosystem and reimburse users. Sky Mavis Raises Funds to Replenish Its Ronin Bridge Sky Mavis, the operator of Axie Infinity, a…
LAST TIME THIS HAPPENED BITCOIN SAW A -50% MOVE
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UST staking goes live on Binance as Anchor reserves fall
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol. Anchor rate is now available to 30M+ binance users The anchor yield of web3 is living up to its name. https://t.co/awubGdRJgP — Do Kwon (@stablekwon) April 6, 2022 Terra’s (Luna) ecosystem consists of its algorithmic stablecoin UST and governance/equilibrium token LUNA. The Anchor protocol…
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Axie Infinity creator raises $150M led by Binance to reimburse stolen funds
Sky Mavis, the creator of the popular play-to-earn nonfungible token game Axie Infinity has raised $150 million in a new funding round led by Binance. The fundraiser is aimed at reimbursing lost funds from the recent exploit on Axie Infinity’s Ronin Bridge, which resulted in the loss of over $600 million. The funding round also saw participation from Animoca Brands, a16z, Dialectic, Paradigm and Accel. As Cointelegraph reported earlier, the explorer behind the hack managed to drain out 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC) in just two…