Binance announced that the five projects will be supported by its $100 million accelerator fund for DeFi projects that leverage its smart contract-enabled blockchain Binance Smart Chain (BSC). With the first six projects financed by the exchange earlier this month, the total number of projects that the firm plans to fund has reached 11.
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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.
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Binance CEO CZ could seize control of Uniswap, according to a new Glassnode report. But would he? (Photo: CoinMarketCap)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…
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Can Binance be blamed when hacked funds are laundered through it? One victim says yes (Photo: Pixabay/geralt)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.
