Author: bachnc
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WHAT IS BUSD? How does BUSD work?
What is BUSD? BUSD is a combination of Binance (B) and U.S. dollars (USD) to create a new stablecoin called Binance USD, also known as BUSD. Binance USD (BUSD) is a stable currency secured by fiat currency, anchored at a rate of 1:1 against the USD and issued by Binance (in partnership with Paxos), approved and […]
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Binance recovers $5.8 million from Ronin Bridge hack
Binance shows support Axie Infinity’s Ronin Network hack in March resulted in the loss of about 173,000 ETH and $25.5 million. CZ, ceo of Binance, said on April 22 that the hackers, “Lazarus Group” distributed the stolen funds on 86 Binance accounts. The hacker organization is also believed to have hacked various cryptocurrency platforms last […]
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Binance denies allegedly sharing Russian users’ data
Binance, a major global cryptocurrency exchange, has vehemently denied helping Russian authorities track donations to the opposition, in response to an investigation published by Reuters on April 22 According to Reuters, last April Gleb Kostarev, head of Binance in Eastern U and Russia, met with Russia’s anti-money laundering agency, Rosfinmonitoring (Rosfin). Kostarev “endorsed Rosfin’s request […]
