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“# Binance could face heavy fines over stock tokens warns German regulator ” Binance’s attempts to bridge traditional markets with the cryptocurrency space in the form of fractionalized stock tokens has drawn the attention of Germany’s financial regulator. The Federal Financial Supervisory Authority (BaFin) warned on Wednesday that the world’s largest cryptocurrency exchange could face…
“# $50M reportedly stolen from BSC-based Uranium Finance ” Uranium Finance, an automated market maker platform on the Binance Smart Chain has reported a security incident that resulted in a loss of about $50 million. Tweeting on Wednesday, Uranium revealed that the exploit targeted its v2.1 token migration event and that the team was in…
“# Binance crypto exchange to launch its own NFT platform ” Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace. The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021. Based…
“# Gemini to launch Bitcoin cashback rewards on Mastercard credit card ” New York cryptocurrency exchange Gemini today announced the pending release of the Gemini Credit Card, which will allow cryptocurrency holders to spend crypto and receive cashback rewards in the form of Bitcoin (BTC), or any other cryptocurrency available on the Gemini platform. The…
“# Binance to launch Microstrategy, Apple, and Microsoft stock tokens ” Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month. On April 26, Binance announced it will launch tokenized stock…
“# Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto ” The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com…
“# Not so safe? SafeMoon’s parabolic rally isn’t sustainable, traders warn ” SafeMoon, the token on Binance Smart Chain widely recognized as the Tiktok meme coin, is seeing massive volatility after its massive gains in the past week. According to the data from Dex.Guru, which tracks alternative cryptocurrencies on various blockchains, the price of SafeMoon…
“# EU regulators reportedly scrutinize Binance over securities law compliance ” Cryptocurrency exchange Binance’s latest product — digital stock tokens representing fractions of equity shares like Tesla and Coinbase — is reportedly being studied by European and British regulators over its possible non-compliance with securities laws. A new report from the Financial Times claims that…
“# PancakeSwap eclipses Ethereum network in 24-hour transactions ” Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap over a 24-hour period compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of the occurring over the same 24-hour period. The top…
“# Binance has appointed new head of ‘Greater China’ ” Following the high-profile appointment of Brian Brooks to CEO of Binance.US, it has come to light that the Malta-based parent company has reshuffled its executive leadership by appointing Terence Zeng as head of Greater China. Zeng reportedly graduated from John Hopkins University and possesses a…