AD
Market Cap (Mcap)
Rank
#4Mcap
$83.01BFully Diluted Mcap
$83.01BSupply
Circulating
153,856,150Total
200,000,000Created On
Jul 8th, 2017All Time High (ATH)
ATH
$686.31ATH Change
-21.28%ATH Date
May 10th, 2021Total Value Locked (TVL)
TVL
N/AMCap to TVL Ratio
N/AFDV to TVL Ratio
N/A
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Weekly Reports: A Deep Dive into Crypto and NFT alphas
If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHALearn about BNB
BNB News
Dec 5, 2023
Business
Binance CEO Richard Teng: Compliance Controls Were 'Inadequate'
Newly appointed Binance CEO Richard Teng attempted to draw a line under the crypto exchange’s past issues, conceding that compliance controls were “inadequate” and arguing that the company could “move past a challenging chapter.” Speaking at the Financial Times Crypto Winter Summit, Teng said that, “The compliance controls that we had in those early days were inadequate for the size of company we were becoming very quickly,” acknowledging that, “there were mistakes made.” He claimed that the exc...
Nov 27, 2023
Law and Order
Former Binance CEO CZ Can’t Leave US Until Court Decides If He’s a Flight Risk
Changpeng "CZ" Zhao, former CEO of crypto exchange Binance, must stay in the United States for now, a federal judge ruled Monday. This comes after Zhao pleaded guilty last week to violating the Bank Secrecy Act. The decision puts on hold an earlier ruling that would have allowed Zhao to return to his family in the United Arab Emirates while awaiting sentencing in February 2024. Prosecutors argued Zhao poses a flight risk, given his wealth and the lack of an extradition treaty with the UAE. Last...
Sep 8, 2023
Business
Binance CEO Brushes Off 'Negative News' Amid Executive Departures
Following a spate of executive departures from Binance, the crypto exchange’s CEO Changpeng ‘CZ’ Zhao took to Twitter to dismiss “negative news” and rumors surrounding the company. In a post on the social media platform, now renamed X, Zhao dismissed reports of “bank runs, lawsuits, closing of fiat channels, product wind downs, employee turnover, exit markets, etc.,” as “FUD” (Fear, Uncertainty and Doubt). Binance has seen a number of top executives depart the company in recent months, with exec...
Jul 14, 2023
Business
Binance Slashes Staff But Says Reports of Thousands Being Cut Are 'Way Off'
Binance is reportedly giving thousands of employees the chop—just months after saying it would be “seeking to fill hundreds of open roles” and was “reevaluating” its headcount, as the company faces the toughest legal scrutiny of its six-year existence. The world’s biggest cryptocurrency exchange told Decrypt that it had laid off staff but would not confirm the amount. Binance CEO Changpeng ‘CZ’ Zhao then said on Twitter that “the numbers reported by media are all way off.” The Wall Street Journ...
Jun 12, 2023
Coins
Binance Suspends a Dozen Ethereum, BNB Token Trading Pairs
Binance halted trades across several Binance Coin (BNB) and Ethereum (ETH) token pairs in the latest shake-up since the company was sued by the Securities and Exchange Commission last week. On Monday, the company said that it ended trading for more than a dozen pairs that involve its native BNB token, the defunct Binance USD (BUSD) stablecoin, and five involving ETH. The trades began to cease at 11:00 p.m. EST on Sunday and the rest were frozen by 4 a.m. EST Monday morning. Users on its internat...
Apr 26, 2023
Business
Binance CEO Lawyers Up Amid ‘Chilling’ U.S. Crypto Regulatory Climate
Legal pressure on Binance, the world’s largest crypto exchange, has underscored the potentially “chilling” effect of a U.S. crackdown on crypto, legal experts have told Decrypt. The company is facing scrutiny from multiple agencies, including a suit filed by the Commodity Futures Trading Commission (CFTC) against both Binance and its founder Changpeng ‘CZ’ Zhao last month. Per a report from the New York Times, Zhao has hired white-collar defense lawyers from law firm Latham & Watkins to represen...
Mar 28, 2023
Long Reads
What the Binance CFTC Lawsuit Means for Crypto
The Commodities Futures Trading Commission’s enforcement action against Binance could shutter the crypto behemoth if the regulator's requests for injunctive relief and penalties stick—but there’s a lot more to the Commission's lawsuit to unpack. The CFTC filed its lawsuit against Binance on Monday morning, which the company has said was “unexpected and disappointing,” citing its ongoing cooperation with regulators. The company also said in its statement that it has invested heavily in its compli...
Mar 28, 2023
Coins
BNB Slips Over 5% Following Binance CFTC Lawsuit
Following Monday's announcement of a lawsuit by the Commodity Futures Trading Commission (CFTC) against Binance and its CEO Changpeng "CZ" Zhao, the crypto exchange's BNB token tumbled overnight. BNB token slipped by 5.4% in the last 24 hours—the largest drop of any token in the top 10 by market cap—according to CoinGecko. Over the past 24 hours, Bitcoin has also slipped by 2.8% to $27,157, and Ethereum by 1.1% to $1,746, leaving BNB's large stumble as the outlier. The leading cryptocurrency exc...
Feb 22, 2023
Long Reads
Binance Urges Industry-Wide Action to Boost Trust in Crypto
There’s no doubt that the crypto industry is at an inflection point. In the past months, a series of scandals—including bankruptcy, insider trading, and unorthodox withdrawals—have rocked fragile confidence in its ecosystem. Rana Kortam, global policy lead at Binance, told Decrypt that “the challenges have definitely underscored the need to do more,” and insists that “we all have a part to play,” to provide further protections for users and investors, and build for the long term. In the U.S. and...
Feb 17, 2023
Business
CZ Denies Binance Is Considering Delisting Tokens From US Projects
Binance CEO Changpeng Zhao has spoken out regarding news reports that the company will cut ties with U.S. crypto projects. In a tweet Friday, Zhao—better known as CZ—wrote “False” in response to a post claiming that Binance was considering “delisting all U.S.-based cryptocurrencies.” He then added that “blockchain has no borders” when someone asked what a “U.S.-based token” even was. Exactly, Blockchain has no borders. — CZ 🔶 Binance (@cz_binance) February 17, 2023 The post was referring t...
Feb 14, 2023
Markets
BNB Token Plunges as Binance, Paxos Shutter BUSD Stablecoin Product
The recent regulatory action against Paxos and Binance over the partnership's dollar-pegged stablecoin has spooked investors. Following the crackdown from the SEC and the New York Department of Financial Services yesterday, Binance's native token BNB fell more than 5%, before recovering some early this morning. Traders also pulled funds en masse from the crypto exchange. Data aggregated by Nansen indicates that in the last 24 hours, a net $356 million has fled the exchange amid the latest regula...
Feb 13, 2023
Business
Paxos Halts BUSD Minting as SEC Prepares Lawsuit
The SEC is reportedly taking aim at the owner and issuer of the world’s third-largest stablecoin, Binance USD. The U.S. Securities and Exchange Commission plans to sue Paxos Trust for violating investor protection laws, the company has confirmed to Decrypt. Paxos said that it was halting the minting of BUSD and would “end its relationship with Binance” for the stablecoin in a press release. It also made assurances that existing BUSD tokens are fully backed and will be redeemable for at least a y...
Dec 22, 2022
Business
Binance Responds to ‘FUD’: ‘A Healthy Company Will Not be Destroyed By a Tweet’
Binance has published a lengthy statement in response to “recent media and community questions” regarding the company’s financial health in the wake of the collapse of rival crypto exchange FTX. “FTX fell because it misappropriated user assets, and a healthy company will not be destroyed by a tweet,” read a translated version of the article posted to Binance’s Chinese blog. In the article, titled “Facing FUD,” Binance hit back at allegations that its finances are a “black box,” raised in a recen...
Dec 12, 2022
Business
US Justice Dept Mulling Criminal Charges Against Binance Founder CZ: Report
U.S. Department of Justice prosecutors are considering filing criminal charges against crypto exchange Binance, and individual executives including CEO and founder Changpeng "CZ" Zhao, according to Reuters. Prosecutors are divided on whether to move aggressively against the exchange or take time to review more evidence, Reuters reported, citing four sources familiar with the matter. The potential charges relate to an investigation launched in 2018 and focused on Binance's compliance with anti-mo...
Jun 6, 2022
Business
SEC Targets Binance's BNB ICO for Potential Violations: Report
The initial coin offering that served as the cornerstone of the launch of the Binance cryptocurrency exchange in 2017 is getting a fresh look from federal regulators. According to anonymous sources cited in a Bloomberg report today by Tom Schoenberg and colleagues, the Securities and Exchange Commission (SEC) is revisiting the origins of the exchange's Binance Coin (BNB) for potential violations of securities regulations. Since its launch in 2017, Binance has become far and away the largest cryp...
May 4, 2022
Business
France Gives Binance Go-Ahead to Run Crypto Exchange
Vive la Binance. France's markets regulator, AMF (akin to the Securities and Exchange Commission in the U.S.), has registered Binance France as a "digital asset service provider" (DASP). French banking regulator ACPR approved the registration. The registration means France is the first major European country to explicitly allow Binance to operate within its jurisdiction. Moreover, Binance becomes the first major cryptocurrency exchange to be licensed as a DASP within France. At this time last ye...
Apr 22, 2022
Coins
Binance Refutes Allegations It Shared User Data With Russian Intelligence
Leading global cryptocurrency exchange Binance today refuted a Reuters report claiming that it had agreed to provide Russian law enforcement with user data back in April 2021. According to the Reuters report, published today, the Russian agency tasked with tackling money laundering, Rosfin, was "seeking to trace millions of dollars in bitcoin raised by jailed Russian opposition leader Alexei Navalny." Navalny ran for president in 2018 and was later poisoned—with signs pointing to Russia's Federa...
Apr 20, 2022
Technology
Binance Changes Twitter Emoji After Original Resembled Swastika—On Hitler's Birthday
In these partisan times, there's still one thing most of us can still agree on: Nazis are bad. That extends to their leaders (not a lot of babies named Adolf) as well as their chosen symbols. Unfortunately, cryptocurrency exchange Binance rushed out a new Twitter emoji without carefully considering how people might interpret it. As observers quickly pointed out, it looked a bit like, yes, an un-tilted version of a swastika. Out of 10 I give the new binance logo a nein pic.twitter.com/GcAcqSOSWf...
Apr 6, 2022
Business
Binance CEO CZ Vaults Into Forbes Top 20 Richest As $200M Forbes Deal Looms
Changpeng “CZ” Zhao, founder and CEO of crypto exchange Binance, has made it into the top 20 of Forbes’ World’s Billionaires List, coming in at number 19. After speaking with crypto analysis and individuals reportedly familiar with Binance’s business, Forbes estimated that CZ—whose crypto exchange is preparing to take a $200 million stake in the publisher—is worth an estimated $65 billion. It's a huge step up the list for CZ; in 2021, the Binance CEO placed 1,664th, with a net worth of $1.9 bi...
Feb 15, 2022
Business
Binance Removes Company Name From Its Blockchain Network Branding
Binance, the world's biggest cryptocurrency exchange, today rebranded its blockchain networks. In a Tuesday announcement, Binance said that Binance Chain and Binance Smart Chain (BSC) would become one ecosystem: BNB Chain. Importantly, the move removes the company's own name from that of its blockchain network, which in the past has been criticized for being more centralized than its competitors, such as Ethereum. Right now, Binance Chain and BSC are two separate blockchains. Binance Chain allow...