Binance Labs, the venture capital arm of the global exchange leader Binance, has announced its investment in BounceBit. This new partnership is set to reshape the Bitcoin landscape by introducing innovative restaking and CeDeFi protocols aimed at enhancing Bitcoin’s role…
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StakeStone and Binance Labs Team Up for Omnichain Liquidity Enhancement
StakeStone, the staking protocol, has garnered a strategic investment from Binance Labs, the venture capital and incubation arm of Binance. This partnership marks a significant milestone in the world of decentralized finance, as StakeStone sets out to transform the landscape…
Changpeng Zhao, Previously at Binance, Initiates Innovative Educational Initiative in Crypto Sector
Changpeng Zhao, the visionary founder and former CEO of Binance, has made a significant shift in his professional trajectory with the announcement of an innovative educational project within the cryptocurrency space. This exciting venture comes at a time when Zhao’s…
Binance Labs Becomes Independent With a Valuation Over $10 Billion Under CEO Richard Teng’s Leadership
In a remarkable turn of events under the leadership of Chief Executive Officer Richard Teng, Binance, the world’s largest digital asset exchange, made a significant move earlier this year. It quietly spun off its venture capital arm, Binance Labs, into…
Binance Labs Invests in Babylon: Blockchain with Bitcoin Staking Protocol
Binance Labs, the esteemed venture capital and incubation arm of Binance, has announced its strategic investment in Babylon, a Bitcoin staking protocol. Babylon introduces the concept of native Bitcoin staking, allowing users to stake their bitcoins directly for Proof-of-Stake (PoS)…
All the Details Between Binance and the Angry Nigerian Government
One of the major developing stories in the crypto industry is Binance and the Nigerian government. So, two Binance employees received detention upon entering the country’s capital. Apparently, the issue was that Binance was operating illegally in the country. Furthermore,…
Binance support inability to help its customer who was being hacked – Pitiful state in Crypto
In a distressing turn of events, Twitter user @doomxbt_ recently shared a harrowing experience of being hacked on Binance. The user claimed a sudden and unexplained loss of funds, raising concerns about the efficacy of Binance’s customer support. So, this…
Binance to Pay $4.3 Billion in Historic US Criminal Penalty Over Sanctions and Anti-Money Laundering Violations
Binance Holdings Ltd., has been directed to pay a substantial $4.3 billion in criminal penalties. This notable ruling, endorsed by US District Judge Richard Jones, represents a significant legal milestone in the United States, revealing the company’s involvement in questionable…
Binance Labs Backs Renzo for DeFi Growth and EigenLayer Adoption
Binance Labs, the renowned venture capital and incubation arm of Binance, has recently made a strategic investment in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. Renzo’s mission is to drive the widespread adoption of EigenLayer, a…
Key Trends in Crypto as per Binance
January 2024 marked a seminal moment in the crypto sphere, predominantly characterized by a subtle yet promising growth. The crypto market’s total capitalization saw a modest uptick of 0.4%, a testament to the sector’s resilience and the groundbreaking launch of…