Binances

Binance's BNB Chain has alerted the global crypto community against engaging with several suspicious dApps operating on its network. The BNB Chain, that currently plays host to a plethora of decentralised apps (dApps), has updated its 'Red Alarm' list with the names of 191 dApps that may pose financial risks to users. These flagged dApps include Cineru, Sezams, Shorter Finance, The Bandit Project, The Cake Monster, and OnlyBrain. BNB Chain's list of potentially risky dApps also reflects the reason why they have caught its…

The U.S. arm of cryptocurrency exchange Binance is struggling to find a bank to handle its customers' cash after the failure of Signature Bank last month, the Wall Street Journal reported on Saturday, citing people familiar with the matter.Previously, the deposits were sent to either Signature Bank or Silvergate Capital Corp, both seen as crypto-friendly banks. However, after both failed, the exchange is rushing to find a new banking partner, according to the report.Binance.US is using at least one intermediary to store…

The financial services licence authorised Binance to issue derivatives and foreign exchange contractsCryptocurrency exchange operator Binance will close its Australian derivatives business after relinquishing a financial services licence on Thursday amid a regulatory probe into its operations. The Australian Securities and Investment Commission (ASIC) has been conducting a "targeted review" of Binance, first confirmed in February, when Binance said it had misclassified some retail investors as wholesale. Retail…

A former chief executive of Binance's de-facto U.S. subsidiary has enlisted a former federal prosecutor and top cop at the Commodity Futures Trading Commission to represent her in the U.S. government's investigations into the giant cryptocurrency exchange, a person with direct knowledge told Reuters. Catherine Coley, who launched Binance.US in 2019 and left suddenly two years later, is being advised by James McDonald, now a partner at New York law firm Sullivan & Cromwell, the person said. It's unclear when McDonald…

Binance (BNB) lands in hot water owing to a mega scandal. According to US authorities, the company has allegedly misappropriated funds and may possibly have committed money laundering. On the other hand, Cardano (ADA) has just experienced a drop in price as the founder of Cardano has been linked to forming strong relations with alt-right personalities. TMS Network soars high and is now in the second presale stage, which is 50% done. The new price for TMSN is $0.032.  TMS Network (TMSN): A New Powerhouse in the…

Crypto enthusiasts are hopeful that the market can turn bullish this year. However, they are taking caution while selecting projects for investments. Hence, they are keeping TMS Network (TMSN) above Binance (BNB) and Solana (SOL). TMS Network (TMSN) is in its presale phase and has already grown by around 500% in the first few days of its launch. It has also bagged an investment of $2 million in a private seed sale, and $500K in its presale so far. Binance (BNB) Gets Under The Radar Of Australian Regulators Australian…

Binance's stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the token, according to market tracker CoinGecko. Paxos Trust Company, which issues Binance USD, said on Feb. 13 that the U.S. Securities and Exchange Commission (SEC) had told the company it should have registered the product as a security and is considering taking action against the platform. On the same day, New York's chief financial regulator said in a consumer alert that it had…

About $2.5 billion flowed out from Binance's stablecoin this week, Binance's CEO said on Twitter, after US regulators turned their sights on the cryptocurrency. Most of the money has moved from moved from Binance USD into Tether, another so-called stablecoin where tokens have a $1 value, Binance boss Changpeng Zhao said on Twitter. "Landscape is shifting," he said. Stablecoins are used for trading between crypto tokens and between crypto and traditional assets. Binance USD is the third-biggest stablecoin behind Tether and…

Cryptocurrency exchange FTX, months after looking like a shining survivor in a struggling industry, succumbed Tuesday to a sudden liquidity crunch of its own and agreed to be taken over by rival Binance.The deal signals a power shift in the crypto world, which has been hurt by rising interest rates and investors’ retreat from risk. The pact marks a victory for Binance founder Changpeng Zhao and a humbling comedown for Sam Bankman-Fried, the founder of FTX, which had been growing in size and recognition before a clash…

Cryptocurrency exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token.Binance said late Thursday a cross-chain bridge linking with its BNB Chain was targeted, enabling hackers to move BNB tokens off the network. So-called cross-chain bridges are tools that allow the transfer of tokens from one blockchain to another.The company said it had worked with network validators — entities or individuals who confirm transactions on the blockchain — to…