LONDON—A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used…
Binance CEO on $1.6 Billion Loss in Terra Investments; Why He Never Spoke to Do Kwon
CEO of Binance Changpeng Zhao says that his company initially invested $3 million in the much-hyped Terra project in 2018. In return, Binance received around 50 million LUNA. But in a recent Twitter post, he indicated that Binance ultimately lost $1.6 billion in its Terra investment. CZ: We invested in Terra as a part of a Binance Labs investment…
Binance Forges NFT Tie-Up With Indian Government’s Top Tech Institute Amid Crypto Regulatory Clampdown
Amid the regulatory hammer on digital assets like Bitcoin, Ethereum, Shiba Inu, and Dogecoin, the Indian government-run IIT Delhi has partnered with Binance to provide non-fungible token (NFT) tickets during its upcoming three-day cultural fest. IIT Delhi’s ‘Rendezvous’ fest is scheduled from April 24–26. According to India’s Mint business newspaper, IIT Delhi representatives said the partnership with Binance will allow students to learn…
House Intel Committee Probes Potential Chinese ‘Malign Influence’ Over Forbes Merger
GOP lawmakers on the House Permanent Select Committee on Intelligence are probing potential Chinese ownership and influence on business media outlet Forbes, which is planning to go public via a merger with a publicly-traded special purpose acquisition company (SPAC). Then-Congressman Devin Nunes (R-Calif.) initiated the investigation in late 2021 after Forbes’ announcement of its listing…
Turkish Unit of Crypto Exchange Binance Fined, News Agency Says
ISTANBUL—Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday. The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto…
Bitcoin Flash Crashes to $8,000 on Binance.US
Earlier today, Bitcoin (BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world’s top crypto exchange Binance. What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop…
Binance to Halt Chinese Yuan Trading Amid Beijing’s Crypto Crackdown
SHANGHAI—Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world’s largest exchange by trading volumes, said in a Wednesday statement it will remove…
Bitcoin Exchanges Cut Ties With Chinese Users Following Beijing’s Latest Crypto Ban
September 27, 2021
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Cryptocurrency exchange giants are cutting ties with Chinese users after Beijing vowed to crackdown on the virtual currency market last Friday. Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new customers in mainland China, effective from Friday. The prominent crypto exchange will retire existing mainland Chinese user accounts by the end…
As Scrutiny Mounts, Crypto Exchange Binance to Wind Down Derivatives in Europe
LONDON—Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives business across Europe, the latest move by the platform to dial back its product range as pressure grows from regulators across the world. Binance users in Germany, Italy, and the Netherlands will be unable to open new futures or derivatives…
NTD Business Full Broadcast (July 16)
Pfizer agrees to pay hundreds of million of dollars to settle a series of lawsuits, consumers say it jacked up price of a life saving medical device by five times. The nation’s longest running auto show is back after missing a year in lockdown. What’s the crowd is saying? and what brought them to this…
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