Binance Archives - Pandaily

Huobi Aims to Obtain 100 Million Users by End of 2023

Cryptocurrency exchange firm Huobi, which oversees a continuously running platform without a single security breach in 10 years of operations, has set a goal of reaching 100 million users by the end of 2023.

Binance Resumes Withdrawals of Stablecoin USDC After Short Suspension

Binance, the world's leading cryptocurrency exchange, resumed stablecoin USDC withdrawals about eight hours after it announced a pause in the service on December 13 while it carried out a "token swap."

Binance Takes Lead in Size of Bitcoin Reserves

Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.

Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns

Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.

Binance Invests $500M in Elon Musk’s Twitter Acquisition

With Elon Musk taking over Twitter, Binance, the world’s largest crypto exchange, confirmed on October 28 that it was an equity investor in the billionaire’s $44 billion acquisition.

Binance’s BNB Chain Resumes Activity after Exploit Drained $100M

BNB Chain, the native blockchain behind Binance, resumed operations on October 7 after reports indicated a hacker made off with an estimated 2 million BNB tokens by exploiting a vulnerability in the network.

Crypto Exchange Huobi Acquired by About Capital, Founder Steps Down as Shareholder

Huobi Global, a leading crypto exchange, has agreed to be purchased by Hong Kong-based investment company About Capital Management (HK) Co., Limited. Leon Li, Founder and CEO of Huobi, will no longer serve as the shareholder and actual controller of the company.

Developer of Mini-Game “Sheep a Sheep” Claims Infringement by GameFi Version

Following the release of a digital mini-game called "Sheep a Sheep," which has recently gone viral in China, a new GameFi version has quietly been launched. Its token price has experienced roller coaster-like fluctuations within a short period of time.

Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering

Authorities in China's Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.

Web3 Infrastructure Startup Mysten Labs Secures Financing From Top Crypto Names

Mysten Labs, a Web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced its completion of a $300 million Series B funding round on September 8. This fresh capital values the company at more than $2 billion.

Project Galaxy Rebrands as Galxe, Evolves Into Ecosystem

Project Galaxy, a Web3 digital credential data network, announced on September 6 that it has rebranded as Galxe, aiming to show that it has developed from a project into an ecosystem.

Crypto Exchange FTX to Delist ANC, Suspend Deposits and Withdrawals of LUNC and USTC

Crypto derivatives exchange FTX said on September 5 that it will suspend deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC), and delist Anchor Protocol (ANC) tokens, starting from September 12.

Binance Suspends ETH and WETH Deposits and Withdrawals Ahead of Merge

To prepare for the Ethereum Merge and secure the allocation of forked tokens in the case of a chain split, Binance said on September 5 that it would suspend deposits and withdrawals for Ethereum (ETH) and Wrapped Ethereum (WETH) on multiple networks.

Universal Name Service Protocol SPACE ID Closes Seed Round Led by Binance Labs

Decentralized identity protocol SPACE ID has closed seed-round funding led by Binance Labs, the venture capital arm and accelerator of Binance.

Binance Confirms Support for Upcoming Ethereum Merge

Leading crypto exchange Binance announced on August 25 that it plans to support and protect users' funds regardless of the outcome of the Ethereum merge, which is expected to take place between September 10 and September 20.

Binance Launches One-Month ETH/BUSD Zero-Fee Trading

Cryptocurrency trading platform Binance will introduce zero-fee trading for the ETH/BUSD spot trading pair on August 26, with the validity period ending on September 26, the company announced on August 23.

NFT Analytics Platform Zash Partners With Binance to Launch NFT Data Products

UK-based NFT analytics platform Zash has partnered with Binance, the world leading crypto exchange, to launch a suite of enterprise data products that will serve the rapidly growing NFT market, an August 16 announcement showed.

Tech Entrepreneur Jeffrey Huang Sells 13 MAYCs, Dropping to Third-Largest Holder

Jeffrey Huang, a Taiwanese-American singer and tech entrepreneur known online as Machi Big Brother, has sold 13 MAYCs for about $350,000 in the last 24 hours and has transferred 1,496,600 ApeCoins to Binance within nearly a week.

China NFT Weekly: China’s Burgeoning NFT Black Market

This week: Babel Finance lost $280 million trading customer funds, Binance CEO sues Bloomberg's Hong Kong publisher for defamation, NFT black market swells under China's crypto crackdown, and more.

Virtual Currency Based on Chinese “Second Uncle” Video Crashes

A video has gone viral on Chinese social media recently, telling the story of a resilient villager who became disabled as a teenager. Meanwhile, a related virtual currency called was released on July 28, then experienced a price crash on July 31.

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