Russia’s telecom regulator blacklists Binance website

Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced on its Russian Telegram channel that Russian telecom regulator Roskomnadzor has added the website to the register of platforms disseminating prohibited information. According to the announcement, Binance has been placed in the list due to distribution of data related to the acquisition of digital currencies like Bitcoin (BTC). Gleb Kostarev, Binance’s head of operations for…

CertiK Partners with Binance Smart Chain for the Future of DeFi Security

Share this article Binance Smart Chain, a sovereign smart contract blockchain delivering Ethereum Virtual Machine compatible programmability developed by Binance and its global developers, joins forces with CertiK to accelerate security implementations in the rapidly expanding Decentralized Finance sector. An interoperability protocol will be created between BSC and the security-oriented CertiK Chain to grow the DeFi tools and services ecosystem and protect users against bad actors. According to DeFi Pulse, the total value locked in decentralized finance products is hovering just below $10 billion worth of cryptocurrency as of Sept. 20, with…

DeFi and security not mutually exclusive, say CertiK and Binance Smart Chain Reps

Keeping pace with the rapidly developing decentralized finance, or DeFi, niche within the crypto industry, major crypto exchange Binance has called on blockchain auditing company CertiK to beef up its platform’s security.  “The rapid innovation and experimentation of DeFi is what makes it so great, but speed should not compromise security,” CertiK’s chief operating officer, Daryl Hok, told Cointelegraph.  “We’re providing a way for early adopters to continue to reap the benefits without having to be the guinea pigs bearing the brunt of the risk. As security experts in the field,…

Why Binance Coin (BNB) Rose by 55% in 13 Days, Causing Demand to Soar

Binance Coin (BNB), the native token of Binance Chain and Binance Smart Chain (BSC), surged by 55% in 13 days. Some high-profile investors anticipated the strong performance of BNB following the release of BSC. The daily price chart of Binance Coin. Source: BNBUSDT on TradingView.com On September 12, Kelvin Koh at the Asia-based cryptocurrency investment firm Spartan Group, said BNB would likely rally due to staking. With the launch of Binance Smart Chain and the launch pool, it became possible for users to stake Binance Coin on Binance. That enables…

BurgerSwap frying high — Binance offers up the latest dish on DeFi menu

The food-related craze for yield farming is showing no sign of abating. So far this year, the crypto space has been treated to Yam, Shrimp, Spaghetti, Cream, and of course, the most-talked-about dish of recent weeks — Sushi. Next up on the menu is BurgerSwap, the latest decentralized exchange that aims to improve upon Uniswap with a different incentive model and community governance. It’s essentially a clone of SushiSwap, with some variations and one significant difference. BurgerSwap is the first of its kind to be developed on the EVM-compatible Binance…

Coinbase, Binance List Uniswap’s UNI Token in Just One Day

Key Takeaways Dozens of exchanges have listed UNI just hours after its launch. Others have launched UNI-based derivatives products and futures. The sudden listings indicate that centralized exchanges are interested in DeFi tokens. Share this article Several major exchanges have listed Uniswap’s UNI governance token after the project launched the coin yesterday, marking one of the fastest mass token listings in crypto history. Which Exchanges List UNI? Coinbase was the first major exchange to list UNI on Coinbase Pro, adding support just hours after the listing. Binance and its American…

Binance USD is coming to Dapper Labs’ Flow blockchain

The U.S. dollar stablecoin of top crypto exchange Binance, BUSD, has become the latest stable token to announce it will launch on Dapper Labs’ Flow blockchain. The news comes just days after the platform added the rival USD Coin (USDC) stablecoin. Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered games CryptoKitties and NBA TopShot, began working on Flow to address the scaling issues with Ethereum (ETH) that CryptoKitties starkly exposed after launching in late 2017. The new partnership will allow developers building on Flow to permissionlessly integrate BUSD into…

Binance immediately lists Uniswap’s new token as excitement mounts

Unfazed by the controversy over its Sushiswap listing, Binance announced support for Uniswap’s new UNI token around 90 minutes after the DeFi platform’s governance token went live on Ethereum. Over the next four years, one billion UNI tokens will be distributed, with 15% being immediately available for historic users of the platform to claim today. In total, 60% will go to community members, while the remaining 40% going to team members, investors, and advisors with a vesting period of up to 4 years. After four years, the token will settle…

DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%

Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the bad, and the ugly when it comes to these DeFi tokens and their short-term fate. The Good: Yearn.Finance Ready To Fly If Footing Can Be Found Yearn.Finance is one of those magical success stories that…

CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and US-regulated stablecoin BUSD. CREAM/USD surged by almost 54 percent in just three hours of trading after the Binance listing. The pair hit an intraday high at $120.85. CREAM/USD hits fresh intraday high after Binance listing.…