Binance to reimburse users $1M for Cyber Earn incident
Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue. Go to Source
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Polygon Foundation denies Matic dump on Binance, claims wallets were mislabeled
Nansen, who was responsible for labelling these wallets, claimed that these addresses showed strong links to Polygon, however it removed the label after Polygon CEO’s public refute. Go to Source
Binance crypto exchange saw departure of 10 key executives in 2023. Here’s the list
Binance CEO Chang Peng Zhao sought to dismiss concerns around executive departures, claiming these executives are moving into bigger roles outside Binance, and said reports are market FUD. Go to Source
Binance creates smart contract to refund users affected by $3M rug pull
After the rug pull, Xirtam scammers directly deposited stolen funds onto Binance, prompting the exchange to freeze the assets. Go to Source
Here’s why Bitcoin will hit $22K soon
This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March. Go to Source
Top Binance execs in Russia leave as firm considers exiting the market
Binance VP Eastern Europe Gleb Kostarev and CIS Director Vladimir Smerkis have announced they have quit the company. Go to Source
Bitcoin futures data hints at $22K as the next logical step
BTC derivatives flipped bearish after Bitcoin failed to establish bullish momentum despite the heightened spot ETF prospects. Go to Source
Binance head of product quits as executive exodus continues
Binance’ product lead Mayur Kamat says he is passing the baton to “next gen leaders” to take some time off after years of product work. Go to Source
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Paxos has earlier said it will halt support of Binance’s stablecoin by February 2024, now the exchange has said it will also stop support by that time. Go to Source
Binance scouts art for Pierre Gasly’s F1 helmet at Abu Dhabi GP
Binance announced a helmet design competition to shortlist the winning art, which will be used as the helmet artwork of Gasly, who was the winner of the 2020 Italian Grand Prix. Go to Source