Binance crypto exchange

Binance, Tether to Solana, After FTX Fall, These Crypto Entities Are Grabbing the Spotlight

14Dec

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Technology

Binance, Tether to Solana, After FTX Fall, These Crypto Entities Are Grabbing the Spotlight

[ad_1] Sam Bankman-Fried’s arrest in the Bahamas pending a possible extradition to the US opens a fresh chapter in efforts to untangle whether his crypto empire was built using fraudulent methods. Sam Bankman-Fried's arrest in the Bahamas pending a possible extradition to the US opens a fresh chapter in efforts to untangle whether his crypto empire was built using fraudulent methods.Regardless of the outcome, the demise of his digital-asset exchange FTX continues to shake the wider crypto market's foundations. Skittish investors are pulling money out of rival exchanges, fearful of having their assets stuck should any of those venues collapse. At least one major crypto firm has filed for bankruptcy in the wake of FTX's unraveling, while two others were forced to suspend some withdrawal...

Binance Probes a Crypto Exploit That All But Wiped Out a Token on Ankr Service

2Dec

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Technology

Binance Probes a Crypto Exploit That All But Wiped Out a Token on Ankr Service

[ad_1] This year’s long list of crypto security exploits targeting decentralized finance has another unwelcome entry. This year's long list of crypto security exploits targeting decentralized finance has another unwelcome entry. Binance, the largest digital-asset exchange, said Friday it's helping to probe an attack on a token offered by the Ankr protocol. The token, aBNBc, is now almost worthless after trading at about $300 a day ago. The aBNBc token had derived its value in part from a link to Binance Coin and was intended to give holders of the latter ways of earning returns. About $123 million of assets are deposited on the Ankr protocol, according to its website. Ankr said it was working with exchanges to stop trading of the affected coin. Blockchain security specialist P...

Binance buys Japanese crypto exchange Sakura

30Nov

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Technology

Binance buys Japanese crypto exchange Sakura

[ad_1] Binance on Wednesday announced its first licence in East Asia with the acquisition of Japan's officially regulated Sakura Exchange BitCoin. The world's largest cryptocurrency platform Binance on Wednesday announced its first licence in East Asia with the acquisition of Japan's officially regulated Sakura Exchange BitCoin. Binance has been in the spotlight since the dramatic collapse of rival platform FTX this month. Changpeng Zhao, the Chinese-Canadian head of Binance, pledged last week to release an audit into his firm while rejecting claims he sparked the demise of FTX. The terms of Binance's 100-percent purchase of the Tokyo-based Sakura Exchange BitCoin were not disclosed in a joint statement on Wednesday. But Binance said it "aims to support a responsible global en...

Mobile gaming app case: ED freezes Bitcoin worth ₹22 cr in Binance crypto exchange raid

11Nov

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Technology

Mobile gaming app case: ED freezes Bitcoin worth ₹22 cr in Binance crypto exchange raid

[ad_1] The case was registered by police, against Aamir Khan and others, based on a complaint filed by Federal Bank, in the court of Chief Metropolitan Magistrate, Calcutta. The Enforcement Directorate (ED) has frozen 150.22 Bitcoins equivalent to ₹22.82 crore during a search operation at the Binance Crypto Exchange, the agency said on Friday.The action was taken under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, with respect to an investigation being conducted relating to the Mobile Gaming Application E-nuggets. The instant case was registered on the basis of the First Information Report registered on February 15, 2021 filed under various sections of the Indian Penal Code (IPC) by Park Street Police Station, Kolkata Police, against Aamir Khan and others, ba...