Over 2,000 investors have signed up for the lawsuit, which accuses Binance of employing a market strategy of misleading as many investors as quickly as possible.
Binance continues to make a big show of seeking regulatory approval while treating its customers as if there are no consequences for its sketchy behavior.
The U.S. Federal Trade Commission released a report detailing about 46,000 people with over a median of $2,600 individual loss—this is about 60x higher than in 2018.`
The digital asset community must face the fact that so long as Binance continues to act as the poster boys for ‘crypto’ criminality, mainstream acceptance just isn’t going to happen.
BNB, also known informally as Binance Coin or Binance Token, is the native token of Binance Chain, a blockchain the company uses to perform contract functions.
As authorities in South Korea investigate Do Kwon and Terraform Labs due to the LUNA/UST implosion, major exchanges like Kraken, FTX, and Binance listed LUNA2 without a second thought.
The future of blockchain technology belongs to a scalable blockchain—and the only blockchain that has a chance of scaling to meet global demand is Bitcoin SV, according to Unbounded Capital.
Many blockchains and digital currencies assert to be “decentralized,” however, its short history has proven this to be demonstrably false, as several incidents have occurred in the past six years proving so.
Joshua Henslee released a video discussing his take on the digital currency market chaos last week, particularly how the 'leaders' in the space are handling the issue.
Bitcoin developer Joshua Henslee released a new video talking about one of the most dramatic events in the digital currency industry in recent times: the collapse of the UST stablecoin.
The over-concentration of the stablecoin markets was also highlighted, with the trio of Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) controlling over 80% of the market share.