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  • binance-labs-backs-$200m-oasis-ecosystem-fund
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    Binance Labs backs $200M Oasis Ecosystem Fund

    The VC firm has thrown its weight behind several blockchain projects with a focus on Web3, decentralized finance and cross-chain capabilities. Binance Labs, the venture capital (VC) arm of the Binance cryptocurrency exchange, announced Tuesday that it will contribute to Oasis Foundation’s $200 million ecosystem development fund, sending a strong signal that major investors were… More

  • binance-to-finalize-acquisition-of-swipe,-paving-for-ceo-exit

    Binance to finalize acquisition of Swipe, paving for CEO exit

    The exchange acquired a majority stake in Swipe in July 2020 as part of a broader effort to advance mainstream adoption of crypto payments. Binance, the world’s largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa card provider. Users of Binance will be able to… More

  • binance-turkey-fined-8m-lira-for-non-compliance-against-money-laundering

    Binance Turkey fined 8M lira for non-compliance against money laundering

    MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law. The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation… More

  • finance-redefined:-binance-leads-$60m-multichain-funding,-interlay-raises-$65m,-dec.-17–24

    Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

    Binance Labs was the lead funder in a $60-million seed round, Interlay seeks to increase Bitcoin interoperability, Bent Finance and Grim Finance suffer million-dollar exploits — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the crypto community filled its crypto stockings for the holiday… More

  • 100-digital-payment-token-firms-in-singapore-fail-to-win-licenses:-report

    100 digital payment token firms in Singapore fail to win licenses: Report

    The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS. Amid apparently tough… More

  • binance-reportedly-in-talks-to-launch-crypto-exchange-in-indonesia
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    Binance reportedly in talks to launch crypto exchange in Indonesia

    Binance is reportedly in talks with the richest family in Indonesia regarding a new crypto venture. Binance, the world’s largest crypto exchange by trading volume, is reportedly in talks with Indonesia’s richest family, the Hartonos, to open a crypto exchange. As per a report published in Bloomberg, Binance Holdings Ltd. is looking to finalize a crypto… More

  • sophia-ai-robot-to-be-tokenized-for-metaverse-appearance
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    Sophia AI robot to be tokenized for Metaverse appearance

    A collection of 100 “intelligent NFTs” will be auctioned in Binance on Dec. 16 as Sophia takes a trip into the Metaverse. A virtual anime version of Sophia, the world-famous humanoid artificial intelligence (AI) robot, is set to be tokenized and auctioned off as part of an up-and-coming Metaverse project dubbed “Noah’s Ark.” Sophia was developed… More

  • binance​.us-aims-for-‘mega-funding,’-reveals-cz

    Binance​.US aims for ‘mega funding,’ reveals CZ

    The United States arm of Binance is considering a public offering to raise a “couple hundred million,” Changpeng Zhao said. Binance CEO Changpeng Zhao, also known as “CZ,” revealed that the United States branch of worldwide crypto exchange Binance.US is expected to complete a funding round to raise a “couple hundred million.”Speaking at the Bloomberg New… More

  • binance-opens-layer-two-eth-deposits-with-arbitrum-one-integration

    Binance opens layer-two ETH deposits with Arbitrum One integration

    Binance users can now deposit any ERC-20 tokens from the Ethereum network using Arbitrum quickly and at a reasonable cost. On Friday, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One layer two.Arbitrum is a third-generation layer-two optimistic rollup protocol that runs on an off-chain… More

  • two-firms-account-for-the-majority-of-tether-received:-report
    in ,

    Two firms account for the majority of Tether received: Report

    A new study by Protos claims that Tether flow is dominated by just two firms — Alameda Research and Cumberland. Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the United… More

  • layer-2-and-multi-chain-defi-platforms-see-record-inflows-as-ethereum-fees-soar
    in ,

    Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

    Since October, Multi-chain compatible DeFi platforms saw record inflows as investors and developers attempted to avoid the Ethereum network due to soaring gas fees. High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin,… More

  • binance-to-cease-crypto-futures-and-options-in-australia
    in ,

    Binance to cease crypto futures and options in Australia

    Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens. Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia.Existing Binance users in Australia will have 90 days to reduce and close their… More

  • binance-limits-sgd-product-offerings-in-singapore-amid-regulatory-warnings

    Binance limits SGD product offerings in Singapore amid regulatory warnings

    The Monetary Authority of Singapore placed Binance on its investor alert list on Sept.1 over concerns that the crypto exchange may have violated local payments regulations. Global cryptocurrency exchange Binance announced Sunday that it will roll back product offerings in Singapore amid warnings from financial regulators that the company may have violated payments laws. Beginning Sept.… More

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