Binance
Hardware, storefront and ecosystem news for Binance.
Latest coverage
How Gamers Can Buy Xbox Gift Cards With Dogecoin (And Whether It’s Worth It)
This article explains how gamers can purchase Xbox and Game Pass gift cards using Dogecoin through third-party resellers like eGifter and BitPay. It details the process, potential fees, and the impact of cryptocurrency volatility on gift card value, advising users to check exchange rates and regional validity.
The KYC file Binance handed Moscow: how a $700 Ukraine donation became a terrorism case
Binance has been accused of handing over extensive personal data, including passport scans and home address, of a Russian user to Russian authorities. This information was allegedly used to build a terrorism financing case against Yuri Belenkiy for a $700 donation to Ukraine. The exchange claims to cooperate with lawful requests, but the disclosure occurred after its stated exit from the Russian market and raises significant data privacy concerns.
RedotPay Freezes Its $1 Billion U.S. Listing Plans Until 2027, Sources Say
Payments firm RedotPay has postponed its planned $1 billion U.S. listing until at least 2027 due to ongoing legal challenges, including a $470 million lawsuit filed by Binance. Despite the delay, RedotPay has obtained a U.S. money transmitter license and continues to focus on global regulatory compliance and business growth.
Sky Mavis restores Ronin Wallet’s fiat purchase site after lengthy downtime
Sky Mavis has restored the fiat purchase functionality within the Ronin Wallet after an extended period of downtime. The purchase site, which allows users to buy crypto with traditional currency via the +Fund feature, is now operational again. The outage was attributed to necessary updates, with the company providing limited details on the duration or specific providers affected.
How a 5-Second Binance Move Turned Polymarket Settlements Into an $8.2M Payday
Researchers from Stanford University and Singapore Management University have identified that 821 accounts exploited settlement windows on Polymarket's prediction markets, extracting $8.2 million through market manipulation. The exploit involved manipulating prices on Binance during settlement windows to ensure favorable contract resolutions. Polymarket has since updated its settlement mechanics to a time-weighted average price (TWAP) to prevent future manipulation, a change that took months of trader complaints and academic research to implement.
Vulcan Forged’s PYR among six tokens Binance cuts from spot trading Aug. 17
Binance will delist six tokens, including Vulcan Forged's PYR, from spot trading on August 17 due to liquidity, development activity, and team conduct concerns. PYR has experienced an 18.31% decline and was under Binance's Monitoring Tag since July. Vulcan Forged is currently undergoing a restructuring and reimbursement process for PYR holders.
Vulcan Forged’s Jamie Thomson to Step Back From CEO Role as PYR Struggles Under Binance Monitoring Tag
Jamie Thomson, CEO of Vulcan Forged, is stepping back from day-to-day leadership and plans to restructure the company due to ongoing monthly losses and the impact of Binance placing a monitoring tag on its PYR token. The company has faced significant financial strain for over two years, including a major security breach in 2021, and Thomson cited personal reasons and the need for a sustainable business model as factors in his decision.
Iran reportedly funneled billions through Binance to fund its military
According to The Wall Street Journal, Iran has reportedly continued to use the cryptocurrency exchange Binance to funnel billions of dollars to fund its military operations. This activity is said to be ongoing despite facing significant international sanctions.
The Living Room Is Tech’s Next Battleground
The living room is emerging as the next major battleground for consumer technology companies, shifting focus from smartphones to the television as a central hub for entertainment, commerce, and data. Smart TV platforms from companies like Google, Amazon, and Apple are competing to control user interfaces and content recommendations, transforming the TV into an integrated platform for streaming, gaming, live shopping, and even financial content. This strategic shift aims to capture user attention and influence purchasing decisions, making the living room a critical space for advertising and platform power.
