Category: Crypto News

Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn had a […]

Binance obtains in-principle approval to operate in Kazakhstan

Binance obtains in-principle approval to operate in Kazakhstan

The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing major cryptocurrency exchange Binance to operate in the country. In a Monday announcement, AFSA said it had granted in-principle approval toward Binance operating as a digital asset trading facility and providing custody services in the Astana […]

Binance distances from WazirX as Indian regulators keep chasing crypto

Binance distances from WazirX as Indian regulators keep chasing crypto

The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August.  WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; […]

Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.  Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In […]

Celsius Network coin report shows a balance gap of $2.85 billion

Celsius Network coin report shows a balance gap of $2.85 billion

A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in their bankruptcy […]

Galaxy Digital terminates BitGo acquisition, citing breach of contract

Galaxy Digital terminates BitGo acquisition, citing breach of contract

After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday. According to the statement, Galaxy exercised its right to terminate the […]

Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list

Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list

BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto spin-offs resembling Dogecoin (DOGE) and Binance and others dedicated to pandas, cyborgs and koalas made the list as untrustworthy and high-risk projects. BNB Chain’s Red Alarm feature, which […]

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