News

Binance CEO says there’s pain and risk in the bear market, but also opportunity: Bloomberg

Binance could spend over $1 billion on investment deals by the end of the year. Despite the market downturn, the exchange could spend a significant amount of cash on investments in the next three months, exchange CEO Changpeng Zhao told Bloomberg in an interview. Beyond these investments, Binance has made investments in 67 projects, with …

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CZ Says Community Trusts Binance, as BNB Dropped by Less Than 5% Following BNBChain Hack

CZ remains confident of the community’s trust in Binance, as BNB only dipped by less than 5% despite the recent massive hack. Binance has positioned itself as one of the largest and most trustworthy entities in the cryptocurrency ecosystem. The firm has seen a massive expansion since inception, building a solid community on its BNBChain …

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3.7 Trillion SHIB Moved to Exchanges This Week as SHIB Game Soars to Top 20 in App Store

Earlier today, nearly 2 trillion Shiba Inu canine coins were sent to a crypto exchange. Meanwhile, the other day, slightly more than 2 trillion SHIB were moved to be sold as well, according to Whale Alert. Along with SHIB, Whale Alert also detected nearly one billion Dogecoin shifted by anonymous wallets — anonymous transfers of top …

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Ex-Celsius CEO’s wife cashed out $2 million in crypto before bankruptcy, documents reveal

Before suspending withdrawals for their clients and filing for insolvency, the executives of the cryptocurrency lending platform Celsius Network Ltd. cashed out at least $17 million in digital tokens, with the wife of its former CEO taking a piece of the cake for herself, court documents have revealed. Indeed, Kristine Mashinsky, the wife of ex-Celsius …

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Kim Kardashian’s SEC settlement could complicate her other crypto case

Kim Kardashian made headlines this week when the Securities and Exchange Commission publicized a fine and settlement with her for allegedly failing to disclose earnings related to her promotion of the EMAX token. While the settlement ends her case with the government, it may complicate a class action lawsuit that seeks damages from Kardashian, fellow …

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UAE’s minister acknowledges future of crypto lies firmly within the mainstream financial system

Despite many jurisdictions and financial regulators taking a skeptical approach to the cryptocurrency sector, there are those who believe that it has already permanently changed the world and that the future of finance is tightly linked to it. One of them is the state minister for artificial intelligence (AI), digital economy, and remote-work applications in …

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