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“# Former currency comptroller to become CEO of Binance.US crypto exchange ” Brian Brooks, the former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, is set to become the new CEO of major cryptocurrency exchange Binance.US. According to a Tuesday announcement, Brooks will replace current Binance.US CEO…
“# NFTb launches NFT marketplace focused on environmental sustainability ” NFTb, a nonfungible token platform built on the Binance Smart Chain, is launching a new version of its marketplace focused on supporting social causes and providing artists with more affordable listing options. The new marketplace connects artists and leading charities, allowing anyone to auction their…
“# Binance Coin regains 20% in a day: Why is BNB seeing such a strong recovery? ” The price of Binance Coin (BNB), the native cryptocurrency of Binance and Binance Smart Chain, rallied by more than 20% in the last 24 hours. BNB/USDT 15-minute price chart (Binance). Source: Tradingview.com The swift recovery comes after a…
“# Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users ” Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield…
“# Record $600M BNB burn suggests Binance made $750M in profit in Q1 ” Binance Coin (BNB) saw its 15th burn to date on Friday. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned…
“# Rising DeFi TVL and Binance staking back 88% rally in IOST price ” While the past year has been marked by the rise of decentralized finance, centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole as they are essential in attracting attention…
“# Life beyond Ethereum: What layer-one blockchains are bringing to DeFi ” Issues with Ethereum congestion and high fees have led to many companies adopting layer-one solutions like Optimistic Rollups, OMG Network and many others. These platforms allow transactions to be created outside of the Ethereum network on what are known as “sidechains,” which then…
“# Binance and FTX list Coinbase stock tokens ahead of exchange’s Nasdaq debut ” Major global cryptocurrency exchanges including Binance and FTX have announced the listing of Coinbase’s stock token ahead of its direct listing on Nasdaq. According to an announcement on Wednesday, Binance will list Coinbase’s stock token (COIN) today, allowing its users to trade fractional…
“# Binance launches tradable stock tokens in Tesla ” Cryptocurrency exchange Binance is launching tradable stock tokens that aim to enable a wider section of the public to pocket capital returns on equities, including potential dividends, without having to purchase full, traditional shares. The first publicly tradable equity in the form of a Binance stock…
“# Messari researchers slam Binance Smart Chain over centralized validators ” Despite Binance supporters celebrating Binance Coin’s (BNB) chart-topping performance for Q1 2021, concerns are growing regarding the centralization of the Binance ecosystem. On April 12, Messari researcher Ryan Watkins took aim at the centralization of Binance Smart Chain’s validators, stating: “Every cycle people get…