This week: Babel Finance lost $280 million trading customer funds, Binance CEO sues Bloomberg's Hong Kong publisher for defamation, NFT black market swells under China's crypto crackdown, and more.
A video has gone viral on Chinese social media recently, telling the story of a resilient villager who became disabled as a teenager. Meanwhile, a related virtual currency called was released on July 28, then experienced a price crash on July 31.
Binance NFT Marketplace introduced an NFT Minting feature on Thursday, which allows users to create their own NFT collections and mint NFTs on the BNB Smart Chain and Ethereum network.
Binance Pool, the cryptocurrency mining platform of Binance, on Wednesday announced a new partnership with UltimusPool, a full-featured mining pool solution designed to provide easy-to-use, reliable, and compliant services for global cryptocurrency miners.
Crypto exchange Binance announced its exclusive, multi-year NFT partnership with Portuguese football legend Cristiano Ronaldo on Thursday.
Global crypto exchange Binance has halted direct deposits and withdrawals in Brazilian reals via the payment system Pix after it terminated the partnership with the local payment gateway Capitual.
Tellie, a sitebuilder for Web2 and Web3 creators, announced on Tuesday that it had raised over $10 million in Series A funding.
Binance Labs, the venture capital and incubation arm of Binance, announced the closing of a new $500 million investment fund on Wednesday.
Rumors were spread on Thursday within the Chinese digital community of STEPN Chain that the firm is being forced to exit mainland China. The rumor was confirmed a few minutes after midnight, early on Friday morning.
OKEX announced on Wednesday that it had shifted its core business to international markets since 2017 and stopped promoting and providing services to the mainland China market.
China’s twitter-like social media platform Weibo and search engine Baidu have blocked a series of crypto-related keywords, as the government continues putting pressure on the cryptocurrency market.
Binance, a major cryptocurrency exchange, announced the purchase of Trust Wallet on July 31. This is Binance’s first acquisition and the aim is to add an on-chain mobile wallet to its list of services with other integration possibilities in the future.