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Senate Banking Committee to Host Hearing on Stablecoins Regulation

Amid growing scrutiny on stablecoins, regulators have become determined to carve out guidelines distinguishing stablecoins legislation from that of other cryptos. In the latest update, the US Senate Banking Committee has declared the timeline for upcoming hearing on Stablecoins regulation, dated December 14, 2021, i.e., coming Tuesday. The hearing is titled – “Stablecoins: How do they work, how…

Breaking: Binance Singapore to Reportedly Withdraw its Permit Application

After being on the regulator’s waitlist of crypto exchanges that are yet to get approval in Singapore to legally provide crypto services, Binance may just quit its former hub, and move on to expanding its business in other territories. According to Business Times insider reports, Binance has hinted at withdrawing its application with the Monetary Authority of Singapore (MAS), in lieu of the…

Chinese Magazine Estimates Binance CEO’s Net Worth, Here’s the Catch

The world’s largest crypto exchange, Binance is valued at hundreds of billions in USD, along with the its CEO, Changpeng Zhao, who was recently announced as the richest man in Ethnic China, valuing him at $90 billion. According to statistics published by the China Caijing magazine, CZ is among the top ten richest people in the world, surpassing the founders of Tiktok and Tecent, along with being…

Breaking: Binance Reveals It’s Rebuilding the Dogecoin (DOGE) Wallet Entirely After Heavy Backlash

Binance has revealed it is rebuilding its Dogecoin (DOGE) wallet from scratch after a recent upgrade glitch has resulted in heavy controversy for the exchange. Binance is facing a lot of heat for mishandling of the DOGE wallet issue. BINANCE- HAVE TO REBUILD DOGE WALLET ENTIRELY, WHICH IS CAUSING A DELAY THAT CO EXPECT MAY LAST ANOTHER WEEK OR SO — *Walter Bloomberg (@DeItaone) November 23,…

Defi Hack: BXH Protocol Becomes Latest Defi Victim on BSC, Loses $130 Million

The list of Defi protocols getting hacked continues to grow especially on Binance Smart Chain (BSC) as another decentralized transaction protocol BXH informed earlier today about the hack. The official twitter hadle of the protocol revealed that the attack was limited to BSC and assets on Ethereum, OEC and HECO were safe. We are sorry to announce that BXH was attacked on #BinanceChain. Other…

Binance latest BEP-95 upgrade introduces a real-time token burning mechanism

Binance Smart Chain announced its exclusive Binance Evolution Protocol, BEP-95, that will facilitate a real-time burning mechanism on the BSC network, which according to the firm will make BSC more decentralized by radically escalating the burning speed of BNB. The BEP-95 real-time burning system will be limited to the activity on the BSC network, and it will continue to decrease the BNB supply,…

CAKE Price Analysis: Pancake Swap (CAKE) All Set for A Breakout to Upside

The Pancake Swap DEX on the Binance Smart Chain recently announced the execution of its scheduled token burn via its Twitter handle on 12 October. Its scheduled CAKE burn function results in a token burn of more than 7million CAKE tokens valued at around 132 million USD. The recent Pancake DEX token burn, though significant for CAKE HODLERs fell 21 million USD short of the August burn, which was…

Binance Coin (BNB) Shoots 15% Amid Strong Accumulation By Whales

After major consolidation at around $400 levels for the last week, Binance Coin (BNB) is showing strong price action gaining 15% today. As of press time, BNB is trading 14.57% up at a price of $465 and a market cap of $78 billion. With its recent price rally, BNB has once again flipped Cardano (ADA) to becoming the third-largest crypto by market cap. While the BNB price has been under strong…