Binance

Ren Protocol Faces Backlash Amid v2 Upgrade Announcement and Binance Delisting

November 27, 2024 1 min read

Ren Protocol’s long-awaited announcement on its v2 network upgrade has drawn sharp criticism due to its timing, coinciding with Binance’s decision to delist the REN token. This has led to accusations of opportunism and further eroded trust in the project. Ren Protocol ended a 10-month silence by updating users about progress on its v2 upgrade. However, the timing raised suspicions, as Binance announced it would delist the REN token the

Binance Labs invests in Kernel to improve restaking on the BNB Chain

November 27, 2024 1 min read

Binance Labs has invested in Kernel, a platform focused on improving restaking infrastructure on the BNB Chain. This investment aims to enhance the security and utility of DeFi and other crypto applications on the network. Kernel’s first phase will integrate BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security, driving DeFi innovation. The platform’s long-term goal is to scale its infrastructure to include additional layer-1 blockchains, optimizing capital

Kernel Secures Binance Labs Funding to Redefine Restaking on BNB Chain

November 26, 2024 4 mins read

Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain. This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering dApps, middleware, and the entire crypto ecosystem. Kernel raised 10M total funds across rounds, with the belief and backing of various investors, including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM,

Best 3 Cryptos to Invest in November 2024: Don’t Miss Out!

November 19, 2024 5 mins read

Cryptocurrencies have become the talk of the town, shaking up the way we think about money, investing, and technology. Whether you’re a newbie or a seasoned pro, you’ve probably heard the question floating around: “What’s the best crypto to buy in November 2024?” With new projects launching left and right, choosing the right coin can feel like finding a needle in a haystack. Enter Qubetics ($STIC). This isn’t just another

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

November 11, 2024 1 min read

The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against its competitor Binance and its former CEO, Changpeng “CZ” Zhao. This action stems from allegations that FTX’s former CEO, Sam Bankman-Fried, engaged in a fraudulent buyout of Binance’s shares in FTX back in July 2021. Bankman-Fried’s plan involved using FTX’s own token, FTT, along with Binance’s coins, BSB and BUSD, to fund a purchase valued at approximately $1.76 billion. However,

Binance donates $3M to Valencia for flood relief

November 5, 2024 1 min read

Binance Charity, the charitable division of the well-known crypto company Binance, has stepped up to donate $3 million to the Spanish Red Cross in response to the severe flooding that has affected the Valencia region. This generous contribution is aimed at supporting urgent relief efforts in the area. The funds from Binance Charity will directly assist the Red Cross in providing essential emergency services to those in need. Known for

Binance accused of charging a high amount of fees for listings

November 4, 2024 1 min read

Recently, the CEO of Moonrock Capital stirred up a conversation on Twitter by accusing Binance of imposing hefty fees for project listings. This sparked a lively debate among key figures in the cryptocurrency community, who shared a range of perspectives on the implications for decentralized projects on centralized platforms like Binance and Coinbase. In response to these claims, Yi He, Binance’s co-founder and chief customer service officer, took to her

MOODENG rises 128% after Binance announces USD-Margined perpetual contract listing

October 26, 2024 1 min read

Moo Deng (MOODENG), a meme coin on the Solana blockchain, is making waves in the cryptocurrency scene, with its price skyrocketing by 128.4% in just 24 hours, currently sitting at approximately $0.1649. This surge is accompanied by a remarkable 293% increase in trading volume, largely fueled by Binance’s recent announcement of a USD-Margined perpetual contract for the token, which went live on October 25. The new MOODENGUSDT perpetual contract on

US attorneys ask President Biden to intervene in the detention of Binance executive by Nigerian authorities

October 22, 2024 1 min read

A group of 18 U.S. state attorneys general is urging President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance executive who has been detained in Nigeria for over seven months. Gambaryan, a U.S. citizen, was arrested in February while addressing regulatory matters related to the cryptocurrency exchange. His colleague managed to leave Nigeria, but Gambaryan faces serious charges, including money laundering and tax evasion, which the

US regulators just shut down a bank in Oklahoma

October 21, 2024 1 min read

In a significant move, financial regulators have closed the First National Bank of Lindsay in Oklahoma, marking the second bank failure in the U.S. this year. The Office of the Comptroller of the Currency (OCC) took this action after uncovering misleading bank records and signs of fraud that had severely impacted the bank’s financial stability. The OCC determined that the bank was not in a sound condition to operate, revealing

Binance Labs invests in Lombard, a Bitcoin liquid staking platform

October 18, 2024 1 min read

Binance Labs has recently invested in Lombard, a platform specializing in Bitcoin liquid staking, with a strong emphasis on security and enhancing cross-chain DeFi capabilities. While the specific investment amount remains undisclosed, this partnership underscores Binance Labs’ dedication to helping Lombard grow into a multi-chain staking protocol. Lombard’s LBTC token has rapidly gained popularity, capturing 40% of the Bitcoin liquid staking token market. The company aims to build on this

Scroll faces criticism over its Binance token distribution

October 14, 2024 1 min read

Scroll, an Ethereum Layer-2 network, recently found itself in hot water after it distributed its SCR governance tokens via Binance Launchpool. This move sparked frustration among users who felt that Scroll was prioritizing a centralized exchange over its own community. In response to the backlash, co-founder Ye Zhang explained that the decision was part of a larger growth strategy. He acknowledged the criticism but emphasized that the partnership with Binance