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.
