Infrawatch PH Calls On Philippine Govt to Ban Binance Over Illegal Promotions

Philippine-based public think tank Infrawatch PH has asked the Department of Trade and Industry (DTI) to probe Binance over illegally promoting offers in the country. Infrawatch PH made this request through a letter, claiming that the exchange has been targeting Filipino users with unregistered offers. The letter, which the think tank’s Convenor, Terry Ridon, addressed to DTI Secretary Ramon Lopez, read: We would like to bring to your immediate attention the illegal sales promotion of Binance which presumably have been…

Cristiano Ronaldo Partners with Binance in Landmark NFT Deal

Legendary soccer player Cristiano Ronaldo (CR7) has inked a multi-year non-fungible token (NFT) deal with leading crypto exchange Binance. Through this partnership, Binance will launch a global promotion to introduce Cristiano’s fans to the Web3 ecosystem. Neither Binance nor the football legend disclosed how long the agreement would last. [embed]https://twitter.com/binance/status/1539969367726620674[/embed]   In a subsequent blog post, Binance said this deal would see it work with Cristiano to create a series of  NFT collections. The collections will only be available for…

Binance to Temporarily Halt Ethereum Deposits and Withdrawals

Binance – the world’s largest cryptocurrency exchange – will perform maintenance on its Ethereum wallet in about five days. Users will be unable to use their self-hosted wallets to interact with their Binance accounts during that time. According to a company announcement on Wednesday, the maintenance will take place on June 27th at 06:00 UTC for approximately 2 hours. The exchange will temporarily disable Ethereum network deposits and withdrawals at  beginning, five minutes before this maintenance starts. That includes not…

CZ Says Crypto is Exhibiting Normal Market Behavior

Binance CEO Changpeng Zhao - commonly known as CZ - believes nothing is wrong with the crypto market despite the recent meltdown. In an interview with Bloomberg, the crypto executive said it is normal for markets to go up and down. To this end, he claims the crypto market is showing normal behavior. According to CZ, fluctuations are common in markets. He pointed out that equity markets are also facing wild price swings. He highlighted Netflix, saying the company’s stock,…

Binance NFT Marketplace – A Guide for Beginners

Many people are interested in buying NFTs for a variety of reasons. First and foremost, there's the collector aspect to it all. Non-fungible tokens, like stamps, trading cards, and vinyl records, appeal to collectors because of their rarity. The potential value of NFTs is also of interest to collectors. Rare NFTs managed to collect millions of dollars from some buyers. International speculators are taking note of these prices, hoping to profit from what may be the next great collectible. It…

Binance Resumes Bitcoin Withdrawals Following Alleged Network Backlog

After a brief and jarring freeze of funds on Binance, users may once again withdraw their Bitcoin from the exchange. However, users with pending withdrawals from before the pause will have to resubmit their requests. In a tweet on Monday morning, Binance announced that it had temporarily suspended BTC withdrawals on the Bitcoin network. This was reportedly due to a “stuck on-chain transaction,” which the exchange needed to actively solve. The event caused a stir among the crypto community, who…

SEC Launches Probe Into Binance and Binance Coin (BNB)

The US Securities Exchange Commission (SEC) is investigating leading crypto exchange Binance and its token Binance Coin (BNB). A Bloomberg report unveiled this news on June 6, citing sources familiar with the matter. The sources requested anonymity to reveal details of the confidential investigation. According to the report, the SEC is looking into whether Binance violated securities laws. Specifically, the securities regulator seeks to determine whether Binance’s Initial Coin Offering (ICO) involved the sale of an unregistered security. This ICO…

Binance, FTX and Others Pledge Support for Rebirth of Terra

Several of the world’s major exchanges have declared their support for Terraform’s reintroduction of the Terra chain as Terra 2.0. Likewise, participants in the network responded positively to the latest in a string of revival strategies from CEO Kwon Do-Hyeong. Terra Revival Plan Receives the Green Light Algorithmic stablecoin UST’s depegging kicked off a series of events that led to the Terra ecosystem’s record collapse. Although most of the crypto-industry had written off the project, Do-Kwon relentlessly pursued its salvation.…

Binance CEO CZ Urges Users to Diversify their Investments 

Zhao Changpeng, founder and CEO of the global cryptocurrency exchange platform, Binance, recommends that individuals diversify their investments.  Although Zhao, also known as CZ, warned that he doesn’t necessarily follow his own advice as well. The CEO also assured that Binance users’ funds were "SAFU", as users dread another Terra repeat. "Investment Wise, I'm Not a Good Example" In a Reddit AMA – which means Ask Me Anything – the 44-year-old billionaire briefly discussed a myriad of topics in response…

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