Binance: $BNB The Future of Exchanges.

[mich]

This week CEO Changpeng Zhao announced at Tokyo conference Binance exchange will have a new platform in Japan in the next month. It was supposed to launch last month.

Other Binance executive said they could launch new Japanese stable coins. This news came after Binance bought Sakura Exchange Bitcoin this last year.

https://cryptonews.com/news/binances-new-platform-japan-provide-full-services-from-august.htm

[1714690694]

1714690694

[1714690694]

1714690694

[mich]

Binance is investing $10 Million in to a Destablecoin called Helio Protocol. https://helio.money/
This money will be going towards making liquid staking more available on the protocol. Liquid staking means you stake tokens on a network, and then get another token that represents the same staked position.
https://www.cryptopolitan.com/binance-lab-invest-10-million-helio-protocol/

[jossiel]

Binance is investing $10 Million in to a Destablecoin called Helio Protocol. https://helio.money/
This money will be going towards making liquid staking more available on the protocol. Liquid staking means you stake tokens on a network, and then get another token that represents the same staked position.
https://www.cryptopolitan.com/binance-lab-invest-10-million-helio-protocol/

Binance keeps on investing into these projects that they like.

$10M ain't that much for a starter but it's already a good start and from there, we'll see if it's going to grow with them or they've just wasted that capital they've put on that project.

Well, I just wish that they won't go bankrupt by doing this strategy of investing their funds to a lot of projects. There's a standard for their choice for sure but I hope that they won't go wrong.

[aurora]

bnb gas fees are very stable . Im comparing to polygon lets say

[mich]

Well there is some big news for Binance Japan. It has plans to triple the available assets on the exchange from 34 to 100.

It is also thinking about a Japanese Yen stable coin. https://dailycoin.com/binance-eyes-swift-extension-of-japan-edge-by-tripling-listed-assets/

[Xxmodded]

Have news with BNB exactly their stable coins BUSD will remove? its true or not because last days I see with my Facebook friend list sharing with removing BUSD to other stable coins. Although Binance have many stable coins pair but looks bad impact actually for Binance exchange and their coin exchange BNB will drop drastically.
CZ need to give good news to make their member in positive mindset because many of them worry with Binance will follow FTX become collapse exchange in the future? many traders still active trading with Binance and they need positive respond from CZ to make them keep believing Binance is the best exchange and not impact yet with many bad news from SEC against with Binance.

[John_Muck]

Not seeing much for the BNB token in the short-term besides continued bearishness to sideways movement.

[mich]

Well Binance exchange will reimburse its users over a price discrepancy on listed CYBER tokens. Binance will give back $1 Million USDT to the user that are affected by Korean cryptocurrency exchange Upbit.

https://www.investing.com/news/cryptocurrency-news/binance-to-reimburse-users-1m-for-cyber-earn-incident-3170192

[RussianEnglishTranslation]

Not seeing much for the BNB token in the short-term besides continued bearishness to sideways movement.

Same, things aren't looking good for Binance.

[Wahyuihib]

Not seeing much for the BNB token in the short-term besides continued bearishness to sideways movement.

Same, things aren't looking good for Binance.

Correct.  frankly I do not follow this news.  If this is true, of course this is a loss that is currently being experienced by Binance Mate.  and as a large exchange of course this will give a less good impression to the user

[mich]

Well again Binance exchange is doing a very good thing. And this time it is for the the victims of the magnitude 7 earthquake in Morocco. 
Users with accounts in the Marrakech-Safi province will each get $100 worth of BNB. If they are outside this area they get $10 worth of BNB.
With the total amount being $3 Million of BNB tokens. https://cointelegraph.com/news/binance-3-million-bnb-aid-morocco-earthquake-victims 

[mich]

Well there is some good news for the Binance exchange in battle with sec. The judge in the case has denied immediate access to Binance.US software that sec wanted.

The sec is making a claim that Binance in not being cooperative in the court case. https://www.crypto-news-flash.com/sec-faces-setback-binance-us-inspection-denied-by-magistrate-judge-after-gary-gensler-requests-court-ordered-doj-inspection-of-the-exchange/

[mich]

Yesterday BNB launched the decentralized data storage network called BNB Greenfield. It offers fast uploads and downloads and strong privacy controls.

https://www.binance.com/en/feed/post/1388649

https://greenfield.bnbchain.org/en

[mich]

Well now Binance is signing new partners for European deposits and withdrawals in fiat. This will make it easier for more users around the world to have better access to fiat channels.

I think this is a 'bullish' signal. https://www.binance.com/en/feed/post/1418808

[Fixelifix]

"​​You will no longer be able to use your Binance Visa Debit Card from 20th December 2023

This email is to notify you that you will no longer be able to use your Binance Visa Debit Card from 20th December 2023 onwards.

This is because the Binance Visa Debit Card program, issued by UAB ”Finansinės paslaugos ,,Contis“, part of the Solaris Group, is closing in two months’ time."

 

[barhavsky]

$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.

apart from exchange, BNB will also become the most popular blockchain in the future, so many companies or projects will use the blockchain from BNB (BSC) and with a BNB supply of only 100M, it is not difficult for the price of BNB to increase by at least $3k when the bullrun occurs (my prediction is the bullrun will happen in 2024 after Bitcoin halving).

[mich]

"You will no longer be able to use your Binance Visa Debit Card from 20th December 2023

This email is to notify you that you will no longer be able to use your Binance Visa Debit Card from 20th December 2023 onwards.

This is because the Binance Visa Debit Card program, issued by UAB ”Finansinės paslaugos ,,Contis“, part of the Solaris Group, is closing in two months’ time."

 

It was sad to read about this. But there is so much new regulatory problems, I do not think Binance did have any suck other choice.

https://www.binance.com/en/feed/post/1450999

[mich]

Well BNBchain has now launched its new Secure Multi-sig wallet. It is from the Gnosis Safe protocol and runs on the BSC network and opBNB.
The new added levels of security is to prevent hackers like from the attack 1 year ago. Hackers then stole $570 Million from a vulnerability on the BNB network.
https://www.binance.com/en-IN/feed/post/1535412?ref=98778390

[royalfestus]

Have news with BNB exactly their stable coins BUSD will remove? its true or not because last days I see with my Facebook friend list sharing with removing BUSD to other stable coins. Although Binance have many stable coins pair but looks bad impact actually for Binance exchange and their coin exchange BNB will drop drastically.
CZ need to give good news to make their member in positive mindset because many of them worry with Binance will follow FTX become collapse exchange in the future? many traders still active trading with Binance and they need positive respond from CZ to make them keep believing Binance is the best exchange and not impact yet with many bad news from SEC against with Binance.

Am still looking for more answers on this if anyone can provide. I like to know when exactly BUSD will be removed. Not neccesarilily the exact date just maybe months in between the removal. Am so sad this has to get to this while American politics and power prevail because it is coming from someone that is not their Citizen. And the baby country Canada is doing nothing to set themselves free from America.

[bbc.reporter]

If no one in this thread heard the latest update on Binance, CZ agreed to settle his case with the DOJ, pay $4billion and he pleaded guilty on charges of moneylaundering. He will also go to prison for 2 years. However, it appears that despite of this bad news, BNB was not dumped to go under $200. This might be bullish for BNB, I reckon.