Binance has announced the release of the first episode of its docuseries, "Building the Future: Inside Binance Blockchain Week," which provides audiences with an insight into the planning and execution of Binance Blockchain Week Dubai 2024.
WhaleFUD reported that Binance's stablecoin reserves have exceeded $31 billion, marking a record high and reflecting increased liquidity on the exchange.
Changpeng Zhao, commonly known as CZ, co-founder and former CEO of Binance, has emphasized the significance of cryptocurrency in the emerging AI-driven economy.
Binance announced that from January to July 2024, it safeguarded over 1.2 million users by preventing more than $2.4 billion in potential losses from scams and fraud through its advanced monitoring systems. The platform's AI-powered risk engine, combined with manual reviews, effectively identified and flagged suspicious activities.
According to the Wall Street Journal, crypto executives are adapting their growth strategies as the U.S. market becomes a challenging terrain due to increased regulatory scrutiny. This shift is exemplified by major players like Ryze Labs, Ripple Labs, and Zodia Markets, who are now setting their sights on opportunities beyond American borders.
Federal Reserve Chair Jerome Powell said at a recent Congressional hearing that he thinks digital assets are showing sustainability as an asset class in the U.S.
Moody's Investors Service said if the U.S. does not implement comprehensive digital asset regulations, companies and investors might look to other jurisdictions that have those guidelines in place. Moody's report came shortly after lawmakers held a hearing to discuss the draft of a bill that would fill in regulatory gaps for the digital asset industry.
Brian Quintenz, the head of policy at Andreessen Horowitz and a former CFTC commissioner, said that if the U.S. Securities and Exchange Commission (SEC) continues targeting crypto companies, the U.S. could lose out on the benefits that blockchain technology could bring to multiple industries.
Crypto insider Edward "Coach" Weinhaus said that the Securities and Exchange Commission's allegations regarding Binance's operations could be advantageous to Wall Street.
Binance, the world's leading cryptocurrency exchange, is pushing back against allegations of illegal operations in the U.S. by the Securities and Exchange Commission (SEC).
Ben Todar, notable crypto commenter, successful entrepreneur and CEO of a blockchain-based gaming ecosystem, said the lawsuit against Binance, the largest crypto exchange in the world, sparks concerns that the US Securities and Exchange Commission (SEC) is trying to protect traditional financial institutions by crushing the U.S. crypto industry.
Many nonprofits have started accepting donations in the form of cryptocurrency, including the Alzheimer's Association, the American Cancer Society, Autism Speaks, local chapters of Boys & Girls Clubs, CARE, Make A Wish International and Ronald McDonald House Charities.
