Exchange News

CZ Binance told don't touch my BNB
Don’t Touch My BNB! CZ Jokes as Binance Coin Nears ATH

Is Binance Coin (BNB) going to hit the same rally as Bitcoin and Ethereum? Binance CEO Changpeng Zhao took to Twitter his excitement about the possible surge of the cryptocurrency. While the meme was intended to entertain viewers, it may also serve as a warning to BNB holders. Specifically, once BNB reaches another all-time high (ATH), hackers will be keen on nabbing the cryptocurrency from unsuspecting holders. At the time of writing, BNB price is at $647.15, which is just a couple of dollars short from reaching its ATH of $686.31 from May.  Back to the BNB meme, community members

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binance participating c funding series of gamefi games platform
Binance Participates in Series C Funding of Mythical Games GameFi Platform

Binance has participated in a Series C funding round of Mythical Games platform. Andreessen Horowitz led the funding round. Binance posted a vague announcement saying it is hopping into the metaverse. Binance has invested further in GameFi by participating in the series C funding round of Mythical Games, a blockchain-based gaming firm. Prominent investment firm Andreessen Horowitz led the funding round, along with other investors such as Redbird Capital, D1 Capital, Raine Group, and Binance’s contemporary exchange FTX. That said, Mythical Games has reached its unicorn status by reaching $1.25 billion after the success of the last investment effort. Meanwhile,

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zenlink will launch on moon river
Cross Chain DEX Protocol Zenlink to Launch on Moonriver

Zenlink will launch on the Moonriver Network, together with its initial yield offering (IYO). Users can join a 4-week yield season and share in the 2.6M ZLK reward pool. Zenlink was developed in the Polkadot ecosystem in 2020. Cross-chain decentralized exchange (DEX) protocol Zenlink announced its official launching on the Moonriver Network on November 3. As part of the festivities, Zenlink will hold an initial yield offering (IYO). Specifically, this event will run for four weeks and distribute a total reward pool of 2.6 million ZLK tokens to eligible participants. According to an announcement, the IYO has set three goals

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Coin Base CEO Ripple
Coinbase CEO: Ripple Lawsuit “Better Than Expected”

Brian Armstrong said that the Ripple lawsuit is going better than expected. He added that the people whom the SEC are supposed to protect are the ones attacking them. Prior to the lawsuit, Coinbase enabled users to trade XRP on its platform. Coinbase CEO Brian Armstrong broke his silence regarding the ongoing lawsuit against Ripple. According to Armstrong, the Ripple lawsuit is going “better than expected”. The Coinbase chief also said that the lawsuit is “politically unpopular” since it hurts consumers. In a separate tweet, he said that the people whom the SEC is supposed to protect are the very

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Huobi launches nft
Huobi Launches NFT Marketplace, Offers Discount for First Mint

Huobi has launched its NFT marketplace. Creators received a 50% discount on their first NFT mint. Meanwhile, Coinbase is launching its NFT marketplace. Cryptocurrency exchange Huobi has launched its very own non-fungible token (NFT) marketplace. Specifically, the marketplace started going live at 20:00 (UTC +8) on October 25.  According to the website, creators can enjoy a 50% discount when minting their first NFT on the marketplace. Consequently, some creators took advantage of the offer and minted their token on the marketplace even before the platform opened. However, upon initial visit to the website, users were able to observe some layout

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Coinbase Signs Partnership With NBA, WNBA

Coinbase has signed partnerships with the NBA, WNBA, etc. The partnership will allow US-based basketball content to educate fans about crypto. Meanwhile, the first Bitcoin ETF has started trading on Nasdaq. US-based cryptocurrency exchange Coinbase has signed a multi-year partnership with the National Basketball Association (NBA) and Women’s National Basketball Association (WNBA). By and large, the partnership will open the mainstream basketball space into cryptocurrency, along with other features. Additionally, Coinbase’s brand will debut at the game marking the start of the 75th anniversary season of the NBA. Coinbase will also become the presenting partner of the WNBA Commissioner’s Cup.

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Coinbase CEO: 1M in Waiting List for Coinbase NFT Launching

Coinbase is launching its own NFT marketplace. More than 1 million have signed up, according to CEO Brian Armstrong. Non-fungible tokens (NFTs) continue to define the 2021 crypto market. In fact, Coinbase is launching an NFT marketplace. According to CEO Brian Armstrong, more than 1 million users have already signed up since the marketplace has opened its waiting list on October 13. Coinbase NFT will be an all-in-one marketplace where users can mint and display their NFTs for sale. The platform will also allow users to buy NFTs. The estimated time of launching of the marketplace is before the end

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Binance Burns Bridges: China Punished for Banning Crypto

Binance is delisting the CNY trading zone.  This decision will be in motion from December 31, 2021.  After this, all users in mainland China will see their accounts switch to ‘withdrawal only’ Binance — the global crypto trading exchange platform, made a bold announcement via a blog post. To specify, the exchange is delisting the CNY trading zone. This means that Binance will stop all services provided to users in mainland China.  In detail, the blog post talks about Binance’s decision on the matter of regulatory requirements demanded by the local government. In response, Binance C2C decided to simply delist

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Bilaxy Exchange Hot Wallet Hacked
Bilaxy Exchange Hot Wallet Hack by Unknown Villains

Bilaxy, a Seychelles-based international cryptocurrency exchange, announced a hacking incident on its platform. In detail, the exchange states that unknown hackers penetrated its platform’s hot wallet. Indeed, this notice made by the exchange shock the crypto world, especially the investors inside the platform. On the other hand, the exchange also advised the crypto community to refrain from sending more funds to Bilaxy. As of writing time, the Bilaxy exchange website cannot be accessed. Furthermore, there is no clear statement about what type and how much crypto asset has been stolen by the hackers. However, the exchange says that they are

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CoinDCX Now India’s First Crypto Unicorn
Crypto Exchange CoinDCX Now India’s First Crypto Unicorn

Crypto exchange CoinDCX is now India’s first crypto unicorn, valued at $1.1 billion. Coinbase Ventures, Block.one, and Polychain Capital joined the funding round. CoinDXC will use the funds to expand and enhance its communication channels. Indian cryptocurrency exchange CoinDCX has now become the first crypto-based unicorn in the country. Specifically, the exchange is now valued at least $1.1 billion. The recent milestone is due to a successful series-C funding round led by B Capital Group, an investment firm co-founded by Eduardo Saverin, who also happens to be the Co-Founder of Facebook. Other notable entities also joined the funding round, including

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FTX Exchange Limits High-Leverage Crypto Trading
FTX Exchange Limits High-Leverage Crypto Trading

FTX Exchange limits leveraged crypto margin trading by over 80x. FTX CEO and billionaire Sam Bankman-Fried shared the news on Twitter. Also, FTX is the latest in a growing number of exchanges to limit leverage trading. FTX Exchange is the latest big crypto exchange to limit risky high leverage trading. The decision means that investors will no longer be able to use huge debt amounts when trading on the exchange.  FTX’s billionaire CEO, Sam Bankman-Fried (SBF), shared the news on Twitter. In the tweet thread, SBF shared that FTX will limit margin trading to 20 times the invested capital. The

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Singapore Embrace Binance and Gemini
Singapore Embraces the Crypto World With Binance and Gemini

Singapore opens its doors to the crypto world. Gemini celebrated its first anniversary in the country. The country of Singapore continues to open its doors to the crypto world. In fact, the biggest names in the crypto industry are now starting to move in the country. For instance, the Gemini exchange, a crypto exchange founded by the Winklevoss twins, had just celebrated its one year anniversary in Singapore. Jeremy Ng, the head of Gemini Asia Pacific, explained: “Anchored by support for the Singapore dollar (SGD), we are thrilled to see the continued expansion of our regional headquarters as Gemini becomes

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