• Russian telecom regulator blacklists Binance
    Europe,  Regulation

    Russian regulator blacklists Binance

    As new Russian regulations loom, the leading cryptocurrency exchange is banned for distributing forbidden information, specifically instructions about how to acquire Bitcoin

    Furthermore, Binance also claims that the firm has not been warned by law enforcement and government services before the blacklisting of its domain. So far, the company consulted with lawyers and announced that it will continue offering its services to Russia’s citizens.

  • Binance has control of Uniswap
    Alt coins

    Binance has control of Uniswap’s ‘decentralized governance’ system: report

    The Uniswap team and Binance could both take control of the DeFi token’s “decentralized governance” system, powered by the UNI token

    Uniswap decided to decentralize its protocol governance to compete with the Sushiswap fork, but a new report suggests protocol control will remain centralized for quite a while. Crypto research firm Glassnode suggested in a Sept. 24 report that Uniswap’s governance decentralization will be for appearances only. In the paper, Glassnode explains that Uniswap’s UNI governance token was introduced as an answer to Sushiswap’s SUSHI governance token. The issuance of the decentralized finance (DeFi) token is presumably  a measure meant to ensure that the original protocol remains competitive against its newer fork. Still, the report claims that Uniswap’s  “transition toward token-based governance via the UNI token falls far short of true…

  • Hacked crypto exchange sues Binance
    Cryptocurrencies

    Hacked crypto exchange sues Binance for allegedly laundering the stolen funds

    Japanese cryptocurrency exchange Fisco claims that Binance “either intentionally or negligently failed to interrupt the money laundering process when it could have done so.”

    Calling Binance the “‘go-to’ location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency,” Fisco’s complaint alleges that the thieves who stole $63 million in bitcoin, bitcoin cash, and monacoin laundered approximately $9.4 million of it through Binance.

  • Binance launches staking service
    Alt coins

    Binance launches staking service amid DeFi Craze

    Binance will distribute 5% of the total supply of decentralized finance ecosystem Bella Protocol (BEL) to users who stake Binance Coin, Binance USD or Arpa Chain tokens on its exchange

    On Sept. 9, Binance’s new “Launchpool” service will allow users to earn newly launched tokens by staking the exchange’s crypto asset Binance Coin (BNB), its stablecoin Binance USD (BUSD) or the token of data renting protocol Arpa Chain (ARPA).