BNB Chain surpasses Ethereum in unique addresses despite crypto winter

    The BNB Chain has seen its number of unique addresses on the blockchain grow significantly that the network now surpasses by that metric Ethereum, the second-largest cryptocurrency by market cap. In a blog post shared by the BNB Chain’s developers, they claim to be the “largest layer-1 blockchain in the world” because of the rise….

    Binance.US to acquire assets of bankrupt Voyager Digital

    Binance.US has been selected by Voyager Digital as the “highest and best bid” for its assets as part of its Chapter 11 bankruptcy proceedings, the company said on Dec. 19. The deal is valued at $1.022 billion for Voyager’s existing portfolio and “incremental value.” On Dec. 19, Binance.US announced in a blog post the agreement…

    CryptoQuant on-chain analysis: Binance isn’t shows ‘FTX-like’ behavior

    Binance, the largest crypto exchange by volume traded, is not the next FTX, according a report from CryptoQuant. The analytics firm found the exchange is almost entirely collateralized and diversified away from its proprietary token. CryptoQuant, the Seoul-based analytics firm points to on-chain data to support claims made in a recent audit that Binance is…

    Binance resumes USDC withdrawals after temporary suspense

    Binance has resumed processing withdrawals of the USD Coin stablecoin (USDC) after pausing them for several hours earlier on Dec. 13. The exchange said it worked on a token swap to increase its USDC reserves. On Dec. 13, the world’s largest crypto exchange Binance temporarily stopped processing USDC withdrawals due to inadequate USDC reserves on…

    Binance CEO responses to Kraken founder’s criticism regarding Proof-of-Reserves

    Recently announced, Binance’s Proof-of-Reserves system met criticism from Kraken’s CEO Jesse Powell. Soon, Binance CEO responded on Twitter to Powell’s remarks. Last week, Binance published its Proof-of-Reserves (PoS) system for the company’s Bitcoin (BTC) holdings. The new system initially works with the crypto exchange’s BTC holdings but will later be expanded to include other tokens…

    Binance receives regulatory approval as an institutional crypto custodian in Abu Dhabi

    The world’s largest crypto exchange Binance has secured permission from financial regulators in Abu Dhabi to operate as a crypto custodian for institutional clients. This is the latest crypto license for the company in the UAE. Binance received the regulatory nod from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This body is a unit of…