Casino
November 21, 2022
Binance Holds 20% of Reserves in BUSD
Among a number of revelations about the big companies in the cryptocurrency industry, from Crypto.com holding 20% of its reserves in the meme token Shiba Inu, and FTX holding $9bn in liabilities against just $1bn of cash on hand, a new report outlined how Binance is managing its own funds. Primarily seen as the last […]
Blockchain
November 10, 2022
Binance Pulls Out of FTX Deal, Claims Consumer Funds Misuse
The rapprochement between Binance and FTX has hit a snag, as the former has withdrawn from a proposed bid to buy out its competitor, a Binance spokesperson has confirmed. The two companies were at each other throats over the sale of FTT tokens, minted by FTX, amid a market-wide collapse for the cryptocurrency industry, which […]
Blockchain
November 9, 2022
FTX Accepts Binance Offer for Buyout for “Good of Users”
Binance and FTX have decided to bury the hatchet, but judging from the days of public squabbling between the two biggest offshore cryptocurrency exchanges, it seems that one is in a more favorable position. FTX, which has been suffering the financial pinch of the “crypto winter” has reached out to Binance for a buyout, which […]
Blockchain
October 25, 2022
Binance Keeps on Track of Hackers Who Stole $570M
Binance has been doing well in the wake of a security breach that resulted in the theft of $570 million worth of BNB tokens. Now, the company’s boss, Changpeng Zhao, referred to CZ on the Internet, has offered some assurances that his company is on top of the problem and police authorities and Binance sleuths […]
Legal
January 28, 2022
Chiliz Granted Prohibitory Injunction against the AFA
Blockchain provider for the sports and entertainment industry Chiliz filed a commercial injunction against the Argentina Football Association (AFA) for a “flagrant breach of contract”. Stunned by the Announcement The legal action followed as a response to a new agreement between the AFA and Binance announced in mid-week which named the cryptocurrency exchange platform the […]
