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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Binance

User Assets on Binance Surpass $100 Billion
ForkLog 13 19.03.2024

User Assets on Binance Surpass $100 Billion

The total value of client assets on the cryptocurrency exchange Binance has exceeded $100 billion.  The value of user asset holdings on #Binance now exceeds $100 billion. All user funds are backed at a 1:1 ratio and are fully verifiable through our Proof of Reserves, which highlight our commitment to user funds transparency. Read on […]
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Nigeria Demands User Data from Binance
ForkLog 19 19.03.2024

Nigeria Demands User Data from Binance

The Federal High Court in Abuja has mandated the cryptocurrency exchange Binance to provide comprehensive information on all Nigerian individuals trading on its platform, according to local media reports. The request was made by the Economic and Financial Crimes Commission, which is investigating the exchange’s activities in the country. The data sought includes the names […]
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Nigeria Proposes 400% Increase in Registration Fees for Crypto Firms
ForkLog 13 18.03.2024

Nigeria Proposes 400% Increase in Registration Fees for Crypto Firms

The Nigerian Securities and Exchange Commission (SEC) has proposed a 400% increase in registration fees for cryptocurrency companies amid ongoing issues with Binance. The amendments affect digital asset issuers, exchanges, and custodial platforms. The regulator suggests increasing: the application fee from 100,000 naira to 300,000 naira (from ∽$64 to $190 at the current rate); the […]
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Binance Denies Insider Trading Allegations in BOME Meme Coin
ForkLog 9 18.03.2024

Binance Denies Insider Trading Allegations in BOME Meme Coin

Binance staff are not linked to the address that accumulated 314 million BOME (~$5.14 million), according to the platform’s investigation. Earlier, the community had raised suspicions of insider trading involving the token from the Solana ecosystem. Upon receiving information about the large BOME transaction, we immediately initiated an internal investigation, and the results showed that […]
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Binance Spins Off Venture Division into Independent Entity
ForkLog 10 15.03.2024

Binance Spins Off Venture Division into Independent Entity

In early 2024, the cryptocurrency exchange Binance discreetly spun off its venture division, which holds assets worth $10 billion, into a separate business. This was reported by Bloomberg. “We are not part of the Binance group,” confirmed Binance Labs’ Chief Investment Officer Alex Odagu. In November 2023, the exchange settled claims from U.S. authorities by […]
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BNB Surge Linked to Binance Launchpool and Reinvestment, Say Experts
ForkLog 8 14.03.2024

BNB Surge Linked to Binance Launchpool and Reinvestment, Say Experts

Binance has successfully created a self-sustaining growth cycle for BNB through Launchpool. Users of the platform frequently reinvest the “farmed” assets, according to QCP Capital. Experts explained that platform clients sell tokens obtained from campaigns and increase their BNB holdings for subsequent staking. They aim to boost returns from participating in new projects. Given the […]
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Binance Executives to Remain in Custody in Nigeria
ForkLog 7 14.03.2024

Binance Executives to Remain in Custody in Nigeria

Two senior executives from the cryptocurrency exchange Binance, Tigran Gambaryan and Nadim Anjarwalla, will remain in custody in Nigeria at least until March 20. This was reported by the Wall Street Journal. The court hearing for Binance’s case is scheduled for that date. However, the hearing held on March 13 did not officially extend the […]
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Nigeria Seeks Binance Transaction Records Amid Economic Scrutiny
ForkLog 7 13.03.2024

Nigeria Seeks Binance Transaction Records Amid Economic Scrutiny

Nigerian authorities have requested that cryptocurrency exchange Binance provide a list of the country’s top 100 users, along with a complete transaction history for the past six months, according to the Financial Times. The period in question is critical as it coincides with the timeline of the Nigerian naira’s devaluation. Additionally, Nigeria’s Office of the […]
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Court Orders Former Binance CEO to Surrender Passport Before Sentencing
ForkLog 12 13.03.2024

Court Orders Former Binance CEO to Surrender Passport Before Sentencing

Former Binance CEO Changpeng Zhao (CZ) has received a notice altering his bail conditions, requiring him to surrender his passport to authorities. The ex-CEO posted a $175 million bail to remain free until sentencing. However, prosecutors demanded a travel ban from the US, fearing he might flee. The defendant must now hand over his Canadian […]
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WSJ Reveals Names of Binance Employees Detained in Nigeria
ForkLog 12 12.03.2024

WSJ Reveals Names of Binance Employees Detained in Nigeria

The two Binance employees detained in Nigeria have been identified as Tigran Gambaryan, Vice President of Global Intelligence and Investigations, and Nadim Anjarwalla, Director of the trading platform in West and East Africa. This was reported by the Wall Street Journal. The senior executives were invited by Nigerian authorities to discuss ongoing issues concerning Binance. […]
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Binance Introduces Rewards for Accurate Token Listing Predictions
ForkLog 13 07.03.2024

Binance Introduces Rewards for Accurate Token Listing Predictions

The cryptocurrency exchange Binance has launched the Futures NEXT platform, allowing users to place bets on which tokens will be added to the USDⓈ-M futures market listing. To vote for a chosen asset, users must purchase a Pick stablecoin priced at 1 USDT. Predictions can be made for up to three tokens, with up to […]
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FDUSD Stablecoin Temporarily Loses Dollar Peg
ForkLog 7 06.03.2024

FDUSD Stablecoin Temporarily Loses Dollar Peg

On March 5th, the value of Binance-backed stablecoin First Digital USD (FDUSD) briefly dropped to $0.92. 15-minute FDUSD/USDT chart on Binance. Data: TradingView. The “stablecoin” quickly regained parity with the US dollar. FDUSD was launched in June 2023 by the Hong Kong-based custodial and trust company First Digital. The asset is available on the Ethereum […]
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