Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company. In addition to planned “mega funding” for its United States-based business Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao said in a Tuesday interview with The Financial Times. According to Zhao, the upcoming funding is aimed to improve its “perception and relationships” with many governments as multiple financial regulators around the world have been cracking down on Binance this year. “But it may also tie us to specific …

Keep3rV1 (KP3R) was one of the few altcoins that emerged unscathed from this week’s bearish turn in the crypto market. While many digital assets plunged into the red following the lead of Bitcoin (BTC), which recoiled after recording a new all-time high last week, KP3R added 31.60% against the dollar and 44.17% against BTC between Nov. 12 and Nov. 19. Let's investigate what drove the splendid performance and what factors made the altcoin stand out in the face of the from the bleak dynamics of the wider market? Founder’s magic Much of the momentum underpinning KP3R’s explosive price movement throughout …

Binance CEO Changpeng Zhao revealed that the United States branch of worldwide crypto exchange, Binance.US, is expected to complete a funding round to raise a "couple hundred million." Speaking at the Bloomberg New Economy Forum, CZ claimed that he was unaware of the precise amount. However, the official confirmation of the financing round may come in "about a month or two." As reported by Cointelegraph, regulatory worries surrounding Binance.US ultimately resulted in investors backing out of a $100-million funding round. Brian Brooks, the former CEO of Binance.US, had initially chased potential investors, including Ray Lane from venture capital firm GreatPoint …

Today, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One Layer 2. Arbitrum is a third-generation layer-2 optimistic rollup protocol that runs on an off-chain Ethereum contract and lowers costs and speeds up transactions than on the Ethereum mainnet. The announcement notes that Binance users can now deposit any ERC-20 token from the Ethereum network with Arbitrum at a reduced transaction cost. In addition, Binance also stated that it will enable ETH withdrawals on the Arbitrum One Network Layer 2 in the near future, making it one of the first …

Crypto.com's native cryptocurrency CRO hit an all-time high of $0.593 on Nov. 18 after the company won the naming rights to Los Angeles's Staples Center. The cryptocurrency trading platform announced Tuesday night that it had paid $700 million to the Anschutz Entertainment Group (AEG) to rename Staples Center to Crypto.com for the next twenty years. In doing so, it gained links with the downtown arena's native sports franchises, including NBA's Los Angeles Lakers, Clippers, and National Hockey League's Kings franchise. The deal should boost Crypto.com's public awareness, and this prompted traders to raise their bids for CRO, an intermediary settlement …

There is potential for the use cases of nonfungible token (NFT) technology to expand far beyond the simple tracking of unique images with varying degrees of rareness and analysts project that one NFTs will touch every facet of our lives. Already, developers, artists and corporations are considering the tokenization of all assets and some have already experimented with NFT-based concert tickets and sports passes. One NFT project that has been gaining traction since September is Opulous (OPUL), a protocol focused on the tokenization of the music industry. The project claims to be angled toward empowering artists to the extent that …

Analytical data from BscScan, a sister product of Etherscan, reveals that Binance Smart Chain (BSC) surpassed 14.7 million blockchain transactions on Nov 16. This establishes a landmark all-time high for the decentralized finance (DeFi) network which exceeds the previous high of 13.1 million recorded on July 29 this year. In addition, 276,446 new wallet addresses were created yesterday, a notable advancement of the 111,244 new addresses on July 29. The BSC team tweeted an official announcement this morning to share the successful milestone. Congratulations to the whole #BSC community! Binance Smart Chain hit a record-breaking milestone of over 14.7 million …

Major crypto exchange Binance took a compliance-friendly approach to its business after years of cat-and-mouse game with regulators around the world and it worked surprisingly well in terms of user retention, according to a new interview with Binance CEO Changpeng Zhao. Speaking to Bloomberg News, CZ noted that Binance made Know Your Customer (KYC) processes mandatory “for global users, for every feature” in a bid to attract new users as a regulatory-compliant business. He revealed that Binance lost about 3% of the users after making KYC obligatory. Binance didn’t immediately respond to Cointelegraph’s request for confirmation. KYC is a common …

Inflation was once seen as transitory as the United States economy moved from dealing with a pandemic to more normal operations. Unfortunately, rather than lift, inflation has not alleviated in the slightest as many citizens have seen a hike in the prices of food, toiletries and other necessities, with wages that have not risen to match. Many economists have since recognized that inflation may persist long into the new year. Inflation itself is to be a product of the world bracing for an economic downturn, only to be met with a quick recovery led by increases in government spending. Businesses …

The seesaw price action that the crypto market is known for is back on full display today as the modest gains Bitcoin (BTC) achieved over the weekend quickly disintegrated in the early market moves as the digital asset followed Tesla stock into the red. Fortunately, it's not all bad news for altcoin traders and this week kicked off with Cointelegraph Markets Pro’s Altseason Indicator suggesting that there is a 44% chance that an altseason is underway. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were UMA (UMA), WINk (WIN) and Keep3rV1 (KP3R). …

Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement. Aside from the Bitcoin-driven headwinds, which are weighing on DOGE price, this week, the meme token underwent a software upgrade and users were requested to implement version 1.14.5. Two important security patches were involved: "Remote Code Execution in Dogecoin QT" (CVE-2021-3401) and "Sensitive Information Exposure on Unix platforms" (CVE-2019-15947). The latest release finalized a new minimum …

Small businesses are essential to the economy since with them comes growth and innovation in the community they operate in. Unfortunately, the barriers to starting a new operation are substantial, often plagued with high exchange rates and merchant fees charged by credit card companies. Until today, businesses have had little choice but to go ahead and follow these rules. Along came cryptocurrencies, which rewrote these rules by providing a decentralized solution to conducting transactions and similar services. The result is that these digital currencies have continued to increase in demand, even becoming commonplace to consumers. As a result, both consumers …