Binance | ForkLog

ForkLog 9 24.03.2021

Replacing cash: Binance assesses the economic impact of creating a digital ruble

The digital ruble marks a step toward the evolution of Russia's wholesale and retail payment systems, but the potential benefits depend on the final format of the asset's implementation, according to Binance and Mindsmith.

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ForkLog 15 20.03.2021

Binance records a duplicate $5 million Filecoin deposit

The developers of Filestar and blockchain watcher Filfox found that FIL tokens worth about $5 million were deposited to Binance twice for unknown reasons.

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ForkLog 15 14.03.2021

Binance adviser comments on CFTC probe into the exchange

The US Commodity Futures Trading Commission (CFTC) is not accusing Binance of any wrongdoing, but is trying to understand the rapidly growing crypto industry. This was stated by the company's chief legal adviser Max Baucus in an interview with Bloomberg.

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ForkLog 19 12.03.2021

Changpeng Zhao: IPO not in Binance’s plans

Binance CEO Changpeng Zhao said the cryptocurrency exchange does not plan to go public. He spoke about this in an interview with CoinDesk.

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ForkLog 18 12.03.2021

Bloomberg: CFTC opens investigation into Binance

The Commodity Futures Trading Commission (CFTC) is examining Binance's operations for potential access by U.S. residents to trading crypto derivatives without the appropriate license. Bloomberg reports, citing informed sources.

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ForkLog 16 12.03.2021

Binance suspends direct withdrawals to ruble cards

Russian Binance users have reported that for several weeks they have been unable to withdraw funds to ruble cards. The exchange cites technical reasons.

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ForkLog 9 12.03.2021

Binance adds commission-free payments feature to Binance Pay

The cryptocurrency exchange Binance has unveiled the alpha version of its own payment service.

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ForkLog 20 11.03.2021

Binance hires former U.S. senator as regulatory affairs adviser

Former U.S. Senator Max Baucus has joined the cryptocurrency exchange Binance as an adviser on regulatory affairs, according to a statement from the trading platform.

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ForkLog 22 11.03.2021

Weibo blocks Huobi, OKEx, Binance and MXC accounts

The Block reports that Weibo blocked the accounts of Huobi, OKEx, Binance and MXC.

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ForkLog 11 05.03.2021

Binance announces trading competition with $13,000 prize pool

On March 5, Binance announced a trading competition for Russian-speaking traders. It is dedicated to the upcoming launch of the Symbol blockchain and the XYM token from the NEM project, ForkLog reported.

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ForkLog 54 04.03.2021

DeFi project Meerkat Finance on Binance Smart Chain suspected of exit scam

Hackers drained Meerkat Finance on the Binance Smart Chain of crypto assets worth about $32 million (13.96 million BUSD and 73,635 BNB). Users suspect the project developers of an exit scam. Meerkat Finance began operations just a day before the incident; at the time of writing, the project site was unavailable and the Twitter account had been deleted. According to a blockchain analyst, assets are distributed across several wallets; the alleged attackers altered the project's smart contract using the developers' account, suggesting the founders' keys may have been obtained, or this was an exit scam. The Meerkat Finance incident is the largest on the Binance Smart Chain to date. The Block reports that Binance has engaged investigators from Certik, PeckShield and Slowmist. The Telegram group of victims, “Meerkat_Rugpull”, now has 209 members. In early February, ForkLog reported on {{AOPEN_1}} exit scams of four projects on the BSC {{ACLOSE_1}}. Despite the relatively high centralization, Binance Smart Chain has attracted more DeFi users due to lower fees than Ethereum, where fees were at record highs. Earlier, the amount locked in PancakeSwap on the Binance Smart Chain {{AOPEN_3}} exceeded $4 billion {{ACLOSE_3}}. The daily volume of BSC transactions was more than twice that of Ethereum. The outflow of liquidity from Ethereum DeFi protocols to BSC allowed Binance's native token to rise to third place by market capitalization {{AOPEN_4}}{{ACLOSE_4}}. Earlier ForkLog reported that AMM platform {{AOPEN_5}} 1inch released a governance token on Binance Smart Chain {{ACLOSE_5}}. Subscribe to ForkLog news on Twitter.

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ForkLog 18 02.03.2021

Binance Invests in Crypto Hedge Fund Multicoin Capital

Binance, the bitcoin exchange, announced investments in the cryptocurrency-focused hedge fund Multicoin Capital, ForkLog was told by representatives of the trading platform.

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