Binance | ForkLog

ForkLog 11 12.03.2021

Bloomberg: CFTC opens investigation into Binance

The Commodity Futures Trading Commission (CFTC) is examining Binance's operations for potential access by U.S. residents to trading crypto derivatives without the appropriate license. Bloomberg reports, citing informed sources.

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ForkLog 10 12.03.2021

Binance suspends direct withdrawals to ruble cards

Russian Binance users have reported that for several weeks they have been unable to withdraw funds to ruble cards. The exchange cites technical reasons.

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ForkLog 6 12.03.2021

Binance adds commission-free payments feature to Binance Pay

The cryptocurrency exchange Binance has unveiled the alpha version of its own payment service.

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ForkLog 15 11.03.2021

Binance hires former U.S. senator as regulatory affairs adviser

Former U.S. Senator Max Baucus has joined the cryptocurrency exchange Binance as an adviser on regulatory affairs, according to a statement from the trading platform.

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ForkLog 7 11.03.2021

Weibo blocks Huobi, OKEx, Binance and MXC accounts

The Block reports that Weibo blocked the accounts of Huobi, OKEx, Binance and MXC.

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ForkLog 10 05.03.2021

Binance announces trading competition with $13,000 prize pool

On March 5, Binance announced a trading competition for Russian-speaking traders. It is dedicated to the upcoming launch of the Symbol blockchain and the XYM token from the NEM project, ForkLog reported.

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ForkLog 31 04.03.2021

DeFi project Meerkat Finance on Binance Smart Chain suspected of exit scam

Hackers drained Meerkat Finance on the Binance Smart Chain of crypto assets worth about $32 million (13.96 million BUSD and 73,635 BNB). Users suspect the project developers of an exit scam. Meerkat Finance began operations just a day before the incident; at the time of writing, the project site was unavailable and the Twitter account had been deleted. According to a blockchain analyst, assets are distributed across several wallets; the alleged attackers altered the project's smart contract using the developers' account, suggesting the founders' keys may have been obtained, or this was an exit scam. The Meerkat Finance incident is the largest on the Binance Smart Chain to date. The Block reports that Binance has engaged investigators from Certik, PeckShield and Slowmist. The Telegram group of victims, “Meerkat_Rugpull”, now has 209 members. In early February, ForkLog reported on {{AOPEN_1}} exit scams of four projects on the BSC {{ACLOSE_1}}. Despite the relatively high centralization, Binance Smart Chain has attracted more DeFi users due to lower fees than Ethereum, where fees were at record highs. Earlier, the amount locked in PancakeSwap on the Binance Smart Chain {{AOPEN_3}} exceeded $4 billion {{ACLOSE_3}}. The daily volume of BSC transactions was more than twice that of Ethereum. The outflow of liquidity from Ethereum DeFi protocols to BSC allowed Binance's native token to rise to third place by market capitalization {{AOPEN_4}}{{ACLOSE_4}}. Earlier ForkLog reported that AMM platform {{AOPEN_5}} 1inch released a governance token on Binance Smart Chain {{ACLOSE_5}}. Subscribe to ForkLog news on Twitter.

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ForkLog 12 02.03.2021

Binance Invests in Crypto Hedge Fund Multicoin Capital

Binance, the bitcoin exchange, announced investments in the cryptocurrency-focused hedge fund Multicoin Capital, ForkLog was told by representatives of the trading platform.

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ForkLog 24 24.02.2021

Ukrainian monobank to halt SEPA transfers from Binance

The Ukrainian online bank monobank said that from February 24 it will stop processing SEPA transfers from the cryptocurrency exchange Binance.

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ForkLog 23 09.02.2021

Binance Coin price breaks above $100 for the first time

The Binance Coin (BNB) token on the Binance exchange hit an all-time high, breaking above the $100 level.

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ForkLog 8 09.02.2021

Binance Labs leads $2.4 million funding round for Plasm Network

Binance Labs, the blockchain incubator, has become the lead investor in Plasm Network, a smart-contract platform on the Polkadot blockchain with support for the Ethereum Virtual Machine and Layer 2 solutions, according to a press release.

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ForkLog 6 08.02.2021

Binance Withdraws Defamation Suit Against Forbes

Binance, the cryptocurrency exchange, has withdrawn its claims against Forbes Media and two of its journalists—Michael del Castillo and Jason Brett. This is evidenced by a filing dated February 4, 2021, in the United States District Court for the District of New Jersey.

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