The CEO of Binance, Changpeng Zhao (CZ), has cautioned that there could be “profound impacts” on the cryptocurrency industry if Binance USD (BUSD), a stablecoin issued by Paxos, is ruled to be a security by the US Securities and Exchange Commission (SEC).
Circle, a major stablecoin provider, has allegedly lodged a grievance with the financial regulatory body in New York, claiming that Binance has mishandled its reserves of digital tokens.
Recently, Binance, a top cryptocurrency exchange, has brought back lower limits for withdrawing TRON on its platform.
Indian cryptocurrency exchange Wazirx has disputed Binance's claims about the two cryptocurrency exchanges' ties. Emphasizing that the claims "are unfounded and unsubstantiated."
Binance Academy, the educational platform of the world's top blockchain ecosystem and cryptocurrency infrastructure provider, has announced the Binance Scholar Philippines Web 3.0 Scholarship in collaboration with Edukasyon.ph, the Philippines' biggest education technology platform.
On February 1, CZ stated that stablecoin regulation might assist boost adoption and praised Hong Kong's "determined approach."
Despite market swings in late 2022, Binance has maintained its steady operation, guaranteeing that its users have a seamless trading experience.
The service will be available to Binance API users beginning January 26. The exchange's website and app users will be unaffected.
According to the US Treasury Financial Crimes Enforcement Network, Binance is one of Bitzlato's top three receiving counterparties.
Web3, also known as decentralized finance (DeFi), is a rapidly growing sector in the world of blockchain and cryptocurrency. This article provides a beginner's guide to investing in Web3 businesses, including understanding the basics of blockchain technology and DeFi, researching different projects, getting a digital wallet, buying the cryptocurrency, diversifying your portfolio, and staying updated on the latest developments in the sector. The article concludes that investing in Web3 businesses can be challenging for beginners, but with the right approach, it can be a profitable and exciting opportunity.
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