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☆ Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
▼ + stars: | 2023-03-23 | by ( Rohan Goswami | ) www.cnbc.com time to read: +18 min

The messages CNBC reviewed come from accounts identified as Binance employees or Binance-trained volunteers known as "Angels." Whatever the method, Binance's Chinese users take on a significant risk: In China, crypto exchanges have been outlawed since 2017, while crypto itself was outlawed in 2021. But Chinese customers have continued to seek ways to trade on Binance, which include using instructions provided by employees and volunteers. "'Binance does not offer a 'Binance Chinese Android app," a spokesperson said. In addition, hours after Binance responded to CNBC, messages apeared on Twitter suggesting that some customers' Binance debit cards had been frozen.

☆ ECB's Wunsch does not see repeat of 2008 financial crisis
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, March 18 (Reuters) - ECB Governing Council member Pierre Wunsch does not expect a repeat of the 2008 financial crisis despite turbulence caused by the collapse of Silicon Valley Bank, arguing European banks were subject to tougher rules than regional U.S. banks. "We don't have any information indicating the European banks to be vulnerable," Wunsch, also governor of the Belgian central bank BNB, told Belgian news paper L'Echo in an interview published on Saturday. "If you look at the Belgian banks, they are more solid than the average of European banks. "We do neither see a risk of contagion nor a risk of instability if we look at the figures from a rational perspective," the central bank governor said. Asked about the future of Credit Suisse, Wunsch said he only saw a "very low" likelihood that the bank might go bankrupt.

☆ This Binance-backed Web3 gaming startup just raised $5 million. Check out the 13-slide pitch deck Unagi used to raise the seed round.
▼ + stars: | 2023-02-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French blockchain gaming company Unagi has raised $5 million in seed funding. French blockchain gaming startup Unagi has raised $5 million in seed funding as it looks to expand its offering. "It's been an interesting time with a lot of struggles for us as we arrived after the peak of the market," Guillemot, Unagi cofounder, told Insider. The $5 million fundraise was led by early-stage VC and game developer, Sisu Game Ventures. This latest fundraise, which follows a recent $4.3 million fundraise with Binance Labs, doubles the company's valuation to $37.2 million, Unagi said.

Binance, the world's largest crypto exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. "We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson told CNBC. The company said "0.01% of our monthly active users leverage USD bank transfers," and added that "we are working hard to restart service as soon as possible." Binance's net U.S. dollar outflow was over $172 million for the day, based on data from DefiLlama. That represents a tiny amount of money for a company that has $42.2 billion worth of crypto assets, according to Arkham.

The article was one of a series of reports this year by the news agency on Binance's financial compliance and relationship with regulators across the world. Reuters also asked representatives of the local Binance units and affiliates about their relationship with the main Binance exchange. In Italy, Binance's public corporate filings detail just the unit's capital base and its ownership by a separate Binance company in Ireland. The Italian company, Binance Italy S.R.L., has its listed address in a block of shops and apartments in the southern city of Lecce. Just two of the Binance units analysed by Reuters offer more substantial details in their filings.

☆ Binance's native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
▼ + stars: | 2022-12-16 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Binance's Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. The latest issue looming over Binance is FTX's bankruptcy proceedings. In exiting its equity position in the company last year, Binance received payment equal to roughly $2.1 billion. Binance's native token, BNB, has fallen 15% in the past week, including a drop of over 6% in the past 24 hours. BNB, first minted in 2017, is the world's fifth most valuable cryptocurrency, with a market cap of about $39 billion, according to CoinMarketCap .

Accounting firm Mazars Group has suspended all work with its crypto clients, according to its former client and the world's largest crypto exchange, Binance. The decision to cut ties with Binance, KuCoin and Crypto.com comes just after the global accounting firm released "proof of reserve" reports for several digital asset exchanges. A spokesperson from Binance told CNBC in a statement that, "Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance." "Unfortunately, this means that we will not be able to work with Mazars for the moment," Binance said. On Dec. 9, Crypto.com published a proof of reserves audited by Mazars, attesting that customer assets were held on a one-to-one basis, meaning that all deposits were 100% backed by Crypto.com's reserves.

☆ Binance CEO Zhao brushes off $2.1 billion FTX clawback concerns
▼ + stars: | 2022-12-15 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Binance chief executive Changpeng "CZ" Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX's bankruptcy proceedings, in an appearance on Squawk Box Thursday morning, and told CNBC that he trusted his lawyers to handle the proceedings. "Would you be able to handle it if somebody asked you for $2.1 billion back," CNBC's Becky Quick asked him. Sorkin asked Zhao. Zhao told Sorkin that the repayment was a combination of BUSD , BNB , and FTT tokens. Zhao claimed that the FTT portion of the repayment was significant but that the company had "forgotten" about it.

LONDON/SINGAPORE, Dec 14 (Reuters) - The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy outflows of cryptocurrencies and halted some stablecoin withdrawals. On Tuesday, blockchain data firm Nansen said Binance saw withdrawals of $1.9 billion in 24 hours, the largest such outflow since June. loadingBinance, the world's largest crypto exchange, also temporarily halted withdrawals of the major USDC stablecoin, citing a so-called "token swap". "Things seem to have stabilised," CEO Changpeng Zhao tweeted. How crypto exchanges such as Binance and its now-bankrupt former rival FTX handle customer deposits has come under close scrutiny from users, regulators and policymakers.

☆ Binance temporarily halted withdrawals of stablecoin USDC as investor concerns mount after FTX collapse
▼ + stars: | 2022-12-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Binance, the world's largest cryptocurrency exchange, paused withdrawals of the stablecoin USDC on Tuesday while it carried out a "token swap." USDC withdrawals were resumed about 8 hours after Binance first announced the pausing of withdrawals. Binance said earlier on Tuesday it had "temporarily paused" USDC withdrawals while it does a "token swap." Changpeng Zhao, CEO of Binance, tweeted that the exchange is seeing an increase in withdrawals of USDC, a cryptocurrency known as a stablecoin because it is pegged one-to-one with the U.S. dollar . If traders are withdrawing USDC from Binance, it could be to move it onto another platform.

☆ How siblings transformed shipping containers into 2 Airbnb getaways that brought in $10,000 in revenue last month
▼ + stars: | 2022-11-27 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Landon and Heather Schlabach run a short-term-rental management firm overseeing 75 properties. Their younger brother, Reece, joined them to flip two shipping containers into secluded retreats. Even Mom is involved — she handles cleaning the two shipping containers between guests. After their initial porch talk, Landon was able to track down a Spartanburg, South Carolina, company that sells shipping containers that come clean and painted with cutouts for windows. The recently opened second container has a small pond and waterfall feature under the home with a chair swing for relaxing evenings.

☆ Binance CEO says BNB token shouldn’t be considered a security
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance CEO says BNB token shouldn’t be considered a securityChangpeng Zhao, Binance CEO, says the BNB token shouldn’t be considered a security.

☆ From $32 billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight
▼ + stars: | 2022-11-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Alameda's success spurred the launch of crypto exchange FTX in the spring of 2019. A Twitter fight with the CEO of rival exchange Binance pulled the mask off the scheme. Alameda, FTX and a host of subsidiaries Bankman-Fried founded have filed for bankruptcy protection in Delaware. On Nov. 2, CoinDesk reported a leaked balance sheet showing that a significant amount of Alameda's assets were held in FTX's illiquid FTT token. On Nov. 6, according to Bankman-Fried, the exchange had roughly $5 billion of withdrawals, "the largest by a huge margin."

☆ US stocks close higher as investors turn their attention to midterm election results
▼ + stars: | 2022-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose on Tuesday as investors turned their attention to midterm election results. If Republicans gain a majority in Congress, it could create political gridlock, sparking a new rally in stocks, analysts say. Wall Street has been eyeing possible political gridlock if the GOP takes over Congress, which could spark a new rally amid this year's bear market, analysts say. Carson Group's Ryan Detrick said a Republican majority could cause the stock market to enter its "best-performing environment," adding that it was possible stocks already bottomed out in October. The total value of the global crypto sector dropped 12%, according to data from CoinMarketCap, with Bitcoin tumbling 13%.

☆ Binance offers to buy FTX's non-U.S. operations to fix 'liquidity crunch'
▼ + stars: | 2022-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Binance, the world's largest cryptocurrency firm, has reached a deal with Sam Bankman-Fried's FTX to buy the rival crypto exchange for an undisclosed amount, rescuing the company from a liquidity crisis. The deal, according to Tweets from both Zhao and Bankman-Fried, rests on a non-binding letter of intent, pending full due diligence. A major sell-off began Monday evening amid concerns surrounding the solvency of both FTX and its sister trading firm, Alameda Research. Zhao said in his tweet that Binance has about $2.1 billion worth of FTT and BUSD, the fiat-backed stablecoin issued by Binance and Paxos, combined. The revelation also sparked concern about Alameda Research, Bankman-Fried's trading firm and sister company to FTX.

☆ Feds announce $3.36 billion seizure of bitcoin, the second-largest recovery of crypto so far
▼ + stars: | 2022-11-07 | by ( Paige Tortorelli | ) www.cnbc.com time to read: +3 min

The Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously-unannounced 2021 raid on the residence of James Zhong. It follows the $3.6 billion in allegedly stolen cryptocurrency linked to the 2016 hack of the cryptocurrency exchange, Bitfinex. Silk Road was launched in 2011, but the Federal Bureau of Investigation shut it down in 2013. IRS-CI Special Agent in Charge Tyler Hatcher said Zhong used a "sophisticated scheme" to steal the bitcoin from the Silk Road marketplace. In October 2022, Binance, the world's largest crypto exchange by trading volume, suffered a $570 million hack.

☆ Binance is ‘narrowing down’ identity of hacker behind $570 million crypto attack, CEO says
▼ + stars: | 2022-10-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday. After getting some tips from law enforcement on who the hacker might be, Binance is now "narrowing down" the person or persons behind the attack, Zhao said in an interview on CNBC's "Squawk Box Europe." The attack in question saw a so-called cross-chain bridge targeted, allowing an as-yet unknown hacker or hackers to withdraw 2 million of Binance's BNB tokens worth around $570 million at the time. "We're still actually chasing … helping [authorities] to chase the bad players, working with law enforcement around the globe," Zhao said. "Working with law enforcement is one of the ways that we can try to make the space safe."

☆ $570 million worth of Binance's BNB token stolen in another major crypto hack
▼ + stars: | 2022-10-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Cryptocurrency exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token. Binance said late Thursday a cross-chain bridge linking with its BNB Chain was targeted, enabling hackers to move BNB tokens off the network. So-called cross-chain bridges are tools that allow the transfer of tokens from one blockchain to another. "An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC," Changpeng Zhao, Binance's CEO, said in a tweet Thursday evening.

REUTERS/Benoit Tessier/File PhotoLONDON, Oct 7 (Reuters) - A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Criminals have increasingly targeted them, with some $2 billion stolen in 13 different hacks, mostly this year, researcher Chainalysis said in August. Register now for FREE unlimited access to Reuters.com RegisterThe hackers stole around $100 million worth of crypto, Zhao said in his tweet. BNB Chain later said in a blog post that a total of 2 million of the BNB cryptocurrency - worth around $570 million - was withdrawn by the hacker. BNB Chain suspended its blockchain for several hours before resuming at around 0630 GMT, it said in a tweet.

☆ Binance-linked blockchain hit by $570 million crypto theft
▼ + stars: | 2022-10-07 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

A Binance-linked blockchain was involved in a $570 million hack late Thursday, a company spokesperson confirmed to CNN Business on Friday. Binance temporarily suspended its blockchain network, BNB Smart Chain, “due to irregular activity,” the company tweeted Thursday. The company said Friday that hackers had stolen two million BNB cryptocurrency tokens – which are issued by Binance – worth about $570 million at the time. Binance CEO Changpeng Zhao initially tweeted that an estimated $100 million worth of crypto had been stolen. This latest attack put the BNB blockchain offline for about nine hours.

☆ Купить биткоин в Молдове? Можно ли на этом заработать, если ты не Илон Маск. Гид NM
▼ + stars: | 2021-04-23 | by ( ) newsmaker.md time to read: +10 min

Что вообще из себя представляет криптовалюта, почему она такая дорогая, можно ли ее купить в Молдове, и стоит ли вкладывать в нее деньги? По данным на 22 апреля, один биткоин стоил $54,5 тыс., при этом в начале 2021 года курс составлял около $30 тыс. Поэтому, несмотря на то, что один биткоин стоит более $64 тыс., не обязательно иметь много денег, чтобы его купить. Чтобы купить криптовалюту, надо создать криптовалютный кошелек или аккаунт на бирже криптовалют. Кроме того, для начала надо разобраться в технологиях и в электронных и криптокошельках, а, вкладывая в криптовалюту деньги, понимать, что на этом можно как быстро заработать, так и быстро прогореть.

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