Exchange News

Binance Labs Announces Strategic Investment With Automata Network
Binance Labs Announces Strategic Investment With Automata Network

Binance Labs announces strategic investment in Automata Network.  Automata Network will soon offer solutions to many issues linked with Web3.  Together, they have many plans for the future set in motion. Binance continues to expand its network in the crypto and blockchain field. The latest addition to the Binance team is Automata Network. The brand’s venture capital and innovation hub — Binance Labs, is happy to announce a strategic investment with Automata Network. In detail, Automata Network is a decentralized service protocol that works to bring privacy middlewares to DApps. Thus, Binance hopes to gain a fair and privacy-centric Web3

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Binance Stikes Partnership With Netmarble F&C, Big Plans Ahead
Binance Strikes Partnership With Netmarble F&C, Big Plans Ahead

Binance announces a strategic partnership with a gaming company. The company is Netmarble F&C, a subsidiary of Netmarble Corp. Together they have many plans for Binance NFT marketplace and the P2E industry. The popular crypto exchange company — Binance, is happy to announce its latest partnership. Specifically, Binance signed a Memorandum of Understanding (MoU) with Netmarble F&C.  This strategic partnership with a Netmarble Corp subsidiary will work to build a globally renowned Play-to-Earn (P2E) platform. In fact, it will focus on bringing an NFT offering along with the P2E ecosystem.  In detail, Netmarble F&C is a known game developer. To

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Binance to Become Major Owner of Forbes After $200M Stake
Binance to Become Major Owner of Forbes After $200M Stake

Binance will be investing $200 million in Forbes. This will make Binance one of the two biggest owners of Forbes. Binance will also possess two board seats out of nine. Binance announced that it will be investing $200 million in Forbes, one of the largest print and digital media publishers in the world. The move will turn Binance into one of the two biggest owners of Forbes. Technically speaking, since Forbes will become a publicly-traded company on the New York Stock Exchange (NYSE) for $400 million, Binance will take half of the entire stake. According to an article by Forbes,

1 min read
Binance Partners with YG to Launch BIGBANG NFTS
Binance Partners with YG to Launch BIGBANG NFTS

Binance and YG Entertainment have agreed to partner to issue NFTs. YG manages leading k-pop groups like BIGBANG and BLACKPINK. Also, YG is the last Big 4 k-pop company to venture into crypto Binance exchange has taken its ecosystem to the next level with a new deal with renowned Korean company YG Entertainment Inc (YG). The deal aims to create an eco-friendly ecosystem across Metaverse, NFTs, and possibly gaming. YG is one of the top four leading Korean entertainment companies. The company manages K-pop superstars like BIGBANG, BLACKPINK, iKon, and Treasure to name a few. Notably, YG will provide Binance

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Ronin Token Booms in Less Than 24H Launching After OKX Listing
Ronin Token Booms in Less Than 24H Launching After OKX Listing

NFT game Axie Infinity has launched its Ronin (RON) token. Crypto exchange OKX has listed RON on its spot trading section with a current 85% price surge. Within the Ronin DEX, users will need to pay for transactions using RON tokens. Axie Infinity’s Ronin (RON) token has finally launched, bringing with it sheer excitement to the leading NFT game’s community. In less than 24 hours since its launching, prominent crypto exchange OKX (previously OKEx) announced its RON listing.  Within the OKX spot trading section, RON price is trading at around $3.7 at the time of writing. This is an 85%

1 min read
Facebook May Launch a Crypto Exchange in Brazil
Facebook May Launch a Crypto Exchange in Brazil

Facebook’s parent company Meta has filed a trademark registration in Brazil. The request mentioned Bitcoin and possibly a crypto wallet app. Some entities in the crypto space went so far as to interpret the platform as some form of a crypto exchange. Meta, Facebook’s parent company, is allegedly launching its own cryptocurrency exchange in Brazil. According to a Brazil-based cryptocurrency news site, Meta has filed a registration request to Brazilian authorities. In fact, the source said that Meta filed the trademark registration back in December 2021. Also, the 90-day period for public contention has begun.  Bitcoin was mentioned in the

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Crypto.com Unfazed Over Singapore Crackdown on Crypto
Crypto.com Unfazed Over Singapore Crackdown on Crypto

Crypto.com announced that it is unaffected by Singapore’s recent crypto platform crackdown. Singapore recently issued warnings to crypto-based platforms against advertising their services. The exchange’s headquarters is based in Singapore. Singapore-based exchange Crypto.com remained unfazed over the country’s recent crackdown on crypto-based platforms. In the above video interview with Bloomberg, Crypto.com CEO Kris Marszalek explained that the recent crackdown is due to the crypto market’s volatile situation. He believes that the Singaporean regulators only care about the welfare of the general public, hence their efforts to “rein in some of these marketing activities”. To bring the uninitiated up to speed,

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OKEx Rebrands to OKX; Teases New Wallet, NFT Marketplace
OKEx Rebrands to OKX; Teases New Wallet, NFT Marketplace

Crypto exchange OKEx has rebranded to OKX. The rebranding is necessary to reflect the exchange’s new identity. OKX also launched its multi-chain wallet and NFT marketplace MetaX. Leading crypto exchange OKEx has announced its rebranding to OKX. Likewise, the exchange’s official all-in-one website will now relocate to okx.com. According to the announcement, the branding is necessary to reflect the exchange’s new identity. Specifically, OKX is now offering a plethora of services and features aside from the usual offerings of a typical crypto exchange. OKX wrote, “We are building so much more than a centralized exchange. It is time for us

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Binance, Dubai World Trade Center Partner for Crypto Regulation
Binance, Dubai World Trade Center Partner for Crypto Regulation

The Dubai World Trade Center Authority (DWTCA) is planning to regulate cryptocurrency in the UAE. DWTC has partnered with crypto exchange Binance for the success of the endeavor. Dubai seeks to register 1,000 crypto-based businesses by 2022. The Dubai World Trade Center Authority (DWTCA) recently announced its plans to regulate cryptocurrency in the UAE. Specifically, the commercial center in the heart of Dubai is aiming to become a comprehensive zone and regulator for crypto. Included in the regulation are crypto exchanges, crypto-based products, and other related businesses. Also, to ensure the success of the endeavor, DWTC is partnering with the

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Bitcoin Withdrawal Enabled After $200M BitMart Hack
Bitcoin Withdrawal Enabled After $200M BitMart Hack

BitMart has now enabled bitcoin withdrawals from its exchange. The crypto exchange got hacked recently, in which $200 million worth of cryptocurrency was stolen. Deposit and withdrawal functions for Ethereum and ERC-20 tokens went online on December 7. Amid the recent BitMart hack, the exchange now allows users to deposit and withdraw their bitcoins and other major cryptocurrencies. These include Solana (SOL), Kusama (KSM), and more. According to an email sent to BitMart users, the exchange is still conducting its investigation regarding the security breach. Specifically, on December 4, a person that they have yet to identify has gained access

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AscendEX (Bitmax) Loses $78 Million to Hackers
AscendEX (Bitmax) Loses $78 Million to Hackers

Crypto exchange AscendEX lost about $77.7 million to hackers. The exchange lost tokens on Ethereum, Binance Smart Chain, and Polygon. Also, AscendEX token ASD rallied after briefly plunging following the news Cryptocurrency exchange AscendEX, formerly Bitmax, is the latest crypto exchange to fall victim to hackers. The exchange recently disclosed a breach in the exchange’s hot wallet. Researchers at PeckShield, a security firm, claim the exchange lost about $77.7 million.  Fortunately, the hack was limited to the exchange’s hot wallet with the cold wallet remaining unaffected.  Some of the tokens taken from the exchange include Tether (USDT) and USDC stablecoins,

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Adidas Partners With Coinbase for Metaverse Foray
Adidas Partners With Coinbase for Metaverse Foray

Adidas has partnered with Coinbase. Adidas also partnered with The Sandbox, a popular NFT metaverse. The partnership will see the launching of Adi-verse. Global sneaker brand Adidas has finalized its partnership with major cryptocurrency exchange Coinbase. In fact, Adidas Originals even posted a tweet with minimal details. The tweet has made people guess regarding the partnership details and extent. As it turns out, Adidas is making its foray into the NFT and metaverse space and has partnered with multiple companies including Coinbase. Specifically, Adidas will have its Adi-verse in partnership with The Sandbox, a metaverse that enables people to develop

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