Non-fungible tokens trading volumes on the BNB Chain experienced a significant increase in the third quarter, rising by 283% to a daily average of $600,400, as reported by blockchain analytics firm Messari. The average daily sales also saw a 47% increase quarter-on-quarter to 8,900. However, the average daily number of buyers decreased by 53% to 2,300, indicating that Q3 NFT activity was driven by larger investors rather than smaller users. Despite the growth, BNB Chain's $55.2 million NFT tradi

Changpeng Zhao, the billionaire founder of Binance, reappeared at the Coca-Cola Arena in Dubai after serving a four-month sentence for AML failures. Despite being hailed as a 'martyr' and 'king,' Zhao will not resume his CEO role due to a plea deal with the DOJ. During his time in prison, he stayed active, considering offers to sell his Binance stake. His departure coincided with Binance's $4.3 billion sanctions payment, now led by CEO Richard Teng. Zhao's ties to Binance remain strong, with a 9

Binance is focusing on increasing cryptocurrency adoption in Thailand to potentially revolutionize the digital asset landscape in Asia. The crypto platform aims to make virtual coins a mainstream currency in the Thai market, with hopes of reaching 1 billion users. Binance sees Thailand as a strategic market for expanding its dominance in the cryptocurrency sector, especially due to the country's high crypto penetration rate, which is double the global average. The company's Chief Marketing Offic

Binance Charity, in response to the recent devastating floods in Valencia, Spain, has contributed $3 million to the Spanish Red Cross. The funding from the crypto exchange aims to provide immediate relief and aid to the affected communities. This donation will enable the Spanish Red Cross to mobilize essential resources for those impacted by the natural disaster. The Head of International Partnerships at the Spanish Red Cross, Fernando Pérez-Ordoyo, expressed gratitude for the support, emphasizi

Binance and its former CEO CZ are challenging the US SEC's amended complaint alleging violations involving certain cryptocurrencies. The legal defense team filed a motion to dismiss the SEC's lawsuit update targeting tokens like AXS, FIL, ATOM, SAND, and MANA. The court previously rejected the SEC's attempt to classify crypto assets as investment contracts, acknowledging that each transaction must comply with securities laws. Binance argues that the SEC's claims are legally flawed and should be

Ether (ETH) has struggled to maintain a price above $2,500 despite multiple attempts following a crypto sell-off in early August. The launch of spot Ethereum exchange-traded funds (ETFs) on July 23 was expected to boost ETH's value, but it has faced resistance at the $2,500 level. Factors contributing to this struggle include net outflows from Ethereum ETFs, lack of institutional interest, and competition from other blockchains offering lower fees and higher scalability. Ethereum's network activ

The Department of Justice has charged Aleksei Andriunin, the CEO of Gotbit, with wire fraud and market manipulation conspiracy. Andriunin, a Russian national in Portugal, is accused of inflating trading volumes for client crypto companies, including those in the US. Gotbit, along with its directors Qawi Jalili and Fedor Kedrov, allegedly used wash trading techniques to manipulate market activity from 2018 to 2024. The indictment claims Andriunin developed software for deceptive trading, while Go

Radiant Capital has resumed its Ethereum lending markets following a $58 million hack. The lending protocol has made improvements, such as transferring ownership to a timelock contract, enforcing a 72-hour waiting period for adjustments, and implementing an emergency admin role with a multisignature structure. The DAO also enhanced its multisignature security. These measures aim to prevent future exploits after hackers drained $58 million in digital assets. The attackers compromised private keys

The cryptocurrency industry is projected to continue facing challenges with hacks and scams in 2024, as reported by blockchain security firm Immunefi. Despite a decrease in monthly exploit losses, over $1.4 billion has been lost to 179 incidents this year. October saw losses of $55.1 million, a significant drop from September's $126.9 million. However, vulnerabilities persist, with seven exploits contributing to October's losses, notably impacting DeFi protocols like Radiant Capital and Tapioca

Binance recently announced a collaboration with Amazon Web Services (AWS) to utilize Amazon's artificial intelligence for improving the Know Your Customer (KYC) verification process on the Binance platform. The new AI-powered KYC system automates user information filling, conducts proof-of-address checks, and enhances screening against World-Check reviews. This integration has significantly boosted user data recognition rates to 95%, reduced optical character recognition costs by 80%, increased

During Binance Blockchain Week at Dubai’s Coca-Cola arena, Cointelegraph interviewed Pixels CEO Luke Barwikowski and Farcana Founder and CEO Ilman Shazhaev about the state of Web3 gaming. Barwikowski mentioned that while the sector has made progress, it still faces issues like user identification and bot prevention. Pixels is working on solutions like a reputation system to combat these challenges. Shazhaev highlighted the benefits of Web3 for gaming projects, citing faster development and easie

A recent report by Animoca Research found that tokens listed on major exchanges in 2024 experienced a median performance drop ranging from 40% to 70%. The analysis covered 773 token listings on Binance, Bitget, Bybit, KuCoin, and OKX. Binance and OKX had fewer listings, while Bitget listed the most tokens. Despite Bitget's aggressive approach, it did not have the worst performance. Bybit and KuCoin had the lowest average and median returns. OKX showed the best resilience with the smallest losses

The Nigerian government recently dropped all charges against Binance executive Tigran Gambaryan after more than seven months of detention. The decision was made due to Gambaryan's non-senior role at Binance and his deteriorating health. In a separate case, Ripple Labs filed an appeal challenging a ruling by the US Securities and Exchange Commission. The appeal seeks a review of the court's application of the Howey test. Additionally, FTX reached a $228 million settlement with Bybit in a lawsuit

Binance has relaunched its Binance Connect crypto-to-fiat solution, now fully integrated into the Binance ecosystem. Users can seamlessly transition between fiat and crypto without the need for additional accounts. The revamped service, which supports over 100 fiat currencies, 300 cryptocurrencies, and 300 payment methods, allows users to buy and sell cryptocurrencies directly from their existing Binance accounts through DeFi wallets. Binance Connect complies with regulations and works with regi

Binance Coin (BNB) is showing signs of potentially following a similar price trend to Solana (SOL) despite having a larger market cap. BNB's current price is $590, up 87% year-to-date but down 18% from its all-time high. There are indications that BNB could surpass its July peak soon. While BNB has been trading sideways, SOL's value surged by nearly 5% in the last 24 hours, making it the best-performing asset in the top 10. Both coins have faced market pessimism, with BNB's sentiment turning neg

Paris Saint-Germain (PSG) is teaming up with Matchain to transform how fans interact with the club using blockchain technology. This innovative collaboration, set to run from 2024 to 2027, aims to provide fans with personalized digital experiences. Through Matchain's decentralised identity technology, PSG supporters can access exclusive content, digital collectibles, and VIP match access tailored to their connection with the club. With over 150 million global fans, this partnership is expected t

Cryptocurrency exchanges Binance and Crypto.com are experiencing a decrease in market share as decentralized exchanges (DEXs) become more popular. Binance, the largest crypto exchange globally, saw a 13% drop in spot trading volume from 52.5% in October 2023 to 39.5% currently. Similarly, its crypto derivatives market share decreased by 8.4% year-over-year. Smaller exchanges like Bybit, Bitget, and OKX have benefited from Binance's decline. Bitget's market share grew from 8.2% to 12.7% due to ed

A coalition of 18 state attorneys general has called on President Joe Biden to intervene in securing the freedom of Binance executive Tigran Gambaryan, who has been held in Nigeria since February 2024. The group seeks to have Gambaryan recognized as a hostage under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act. Concerns over his declining health and the legality of his detention were highlighted in a joint letter sent on Oct. 18. Gambaryan's health deteriorated to th

Tapioca DAO, a decentralized money market protocol on LayerZero, experienced a security breach on Oct. 18, leading to a significant drop in the value of its TAP token. Cyvers, a blockchain security firm, disclosed that the breach was linked to North Korea suspects. The attacker manipulated the vesting contract's ownership by exploiting a vulnerability in the protocol's deployer address, resulting in the unauthorized withdrawal of over 21 million TAP tokens. The stolen tokens were exchanged for 5

Radiant Capital recently revealed details of the Oct. 16 attack where hackers stole over $50 million in digital assets from the BNB Chain and Arbitrum networks. The attackers compromised the devices of three developers through a sophisticated malware injection, allowing them to sign and execute malicious transactions without detection. Radiant Capital, a DeFi platform, operates as an omnichain money market for cross-chain transactions. The breach occurred during a routine multisignature emission