DeFi News Daily Official TheBitTimes.com

Binance, the world’s largest cryptocurrency exchange by trading volume, is a central part of the wider digital asset ecosystem. As such, it is often in the crosshairs of cybercriminals — ranging from the lowliest of script kiddies to state-sponsored and sanctioned outfits like the notorious Lazarus Group. Being in the spotlight does have its disadvantages — particularly amidst the growing mainstream appeal and adoption of cryptocurrencies. However, Binance seems to be holding its own rather well — per a recent annual report, the platform’s security efforts have managed to prevent roughly $4.2 billion in losses for some 2.8 million users in 2024 alone. The 24-page report covers a wide variety of topics pertaining to the exchange and the wider industry, but security was obviously a priority. Finbold has reviewed the report shared with it by the exchange to bring readers a digestible, summarized view of the most important points and developments. ...

Author: TechFlow Translation: WuBlockchain When Binance suddenly announced it would list ACT, one name you might have heard repeatedly in the buzz was “Wizard.” People thank Wizard, saying he saved ACT. Wizard himself calls it a victory for the community. It’s a Hollywood-style story of the common folk taking on the dragon: The developers sold all their tokens, causing a 50% drop that nearly destroyed the project. But Wizard and other community members rebuilt from the rubble, even as the token dropped 80% three times. The community held strong while market makers noted they’d never seen a project so “poor” until Binance stepped in as the white knight, and ACT skyrocketed. In Wizard’s view, ACT, along with AI meme coins like GOAT, represents an AI renaissance. He believes that in the future, AI will not just be simple assistants but autonomous beings with controlled freedom in certain contexts. Today, Wizard seems to have become the “Murad” of the Chinese crypto community. But greatnes...

1. Bitcoin White Paper’s 16th Anniversary on October 31 link October 31 marks the 16th anniversary of the Bitcoin whitepaper’s release. On this date in 2008, Bitcoin’s mysterious and anonymous creator, Satoshi Nakamoto, introduced the world to this cryptocurrency and its applications. The nine-page paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” laid out the foundational structure of the Bitcoin network. 2. CZ Attends Binance Blockchain Week, Expresses No Interest in Returning as CEO link On Thursday, CZ made an appearance at the Binance Blockchain Week event and delivered a keynote speech. He stated that he has no intention of returning to his role as Binance CEO and is currently focused on two main areas: education and investment. His investments span blockchain, AI, and life sciences. CZ also shared that life in detention was “not good,” as he had no freedom, but he gained new perspectives. He humorously noted that some guards asked him which cryptocurrencies to buy...

Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum, making it cheaper and faster without compromising security and compatibility.” The total supply of the Scroll token is 1 billion with an initial circulating supply of 190 million, 19% of the total token supply. Binance is attaching a seed tag to SCR, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to othe...

The Reef price plunged 55% in the last 24 hours to trade at $0.00225 as of 4.40 a.m. EST on trading volume that skyrocketed 103% to $335.89 million. The project’s price plummeted despite it confirming yesterday that it had started working with VIA Labs, and that it’s building a reef bridge. It's a new — and big — milestone today! 🪙 The work has started: @via_labs has began building the bridge 🌉 🤝 Up, up, up we go 🚀 https://t.co/kG9E44NICw — 🐠 Reef (@Reef_Chain) October 15, 2024 Last month, the project said that it partnered with VIA Labs in a deal that will allow it to incorporate Reef Chain into their messaging, bridge, and Proto-CCTP products. They said that work will start in October and that the launch is expected before the end of the year. The rumors are true. Reef has partnered with @via_labs to incorporate Reef Chain into their messaging, bridge, and Proto-CCTP products. Work begins October, with a ...

A new meme coin, called First Neiro On Ethereum (NEIRO), has rallied by 17,348.55% since its launch this year. The asset is also called the little sister of Dogecoin (DOGE). Source: CoinMarketCap Also Read: Central Banks to Slash Rates: Bitcoin to Explode to $100K? While the larger market struggled over the last few days, NEIRO is green. The asset is up by 112.5% in the daily charts, 1852.6% in the weekly charts, 912.2% in the 14-day charts, and nearly 945% over the previous week. The project’s market cap has risen by 119.52% to $339.12 million, and volume has increased by 72.87% to $754.85 million. Why Is DOGE’s Sister Rallying? Dogecoin’s sister cryptocurrency’s price began to rally after Binance announced its listing on the platform on Sept. 16, 2024. The price spike marks one of the most significant rallies in recent months. Binance Will List @neiroethcto $NEIRO, @TurboToadToken $TURBO and @BabyDogeCoin $BABYDOGE with Seed Tag Applied. Read more https://t.co...

Top global crypto exchange Binance is planning on launching trading support for the new cat-themed native token of a gaming bot built on the Telegram mini-app platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 59th project will be Catizen (CATI), a cat-themed social entertainment experience on Telegram. Explains the project, “As a revolutionary gaming bot, Catizen not only simplifies web3 access but also makes mobile payments seamless, transforming the way users engage with decentralized technologies. Building on Telegram’s vast user base, Catizen is designed to become a hub for Web3 activities, combining a mini-app center with Launchpool and an Open Task platform. By gamifying the Attention Economy and leveraging Decentralized Value Realization, Catizen creates an ecosystem where users can enjoy engaging, fun, and rewarding experiences.” Between September 16th and 20th, Binance users can lock their BNB, the crypt...

Nigerian authorities have rescheduled the trial of Binance high-ranking executive Tigran Gambaryan to Sept. 2, which is a month earlier than the initial schedule.  The Nigerian court made the decision after Gambaryan’s defense team requested to expedite the hearing, citing health issues. Binance urges U.S. intervention as detained Nigerian executive's health worsens, hearing date moved up. The more we speak out, the more likely the Nigerian federal government will address this issue. Please support the Tigran family. Support #Freetigran + RT @Binance family pic.twitter.com/OuAA0lASQV — OMO 🔶 BNB (@Crypto_omo) August 27, 2024 Gambaryan was arrested on accusations of money laundering and financial crimes amounting to $34 million after being lured to Nigeria for a business meeting in February 2024. Gambaryan was arrested together with fellow executive Nadeem Anjarwalla, who later managed to escape, leaving Gambaryan to face the charges alone.  Rich...

Asset management titan BlackRock has become the third largest holder of Bitcoin (BTC), and is on track to become the top holder by late next year. BlackRock’s spot Bitcoin ETF (IBIT) holds over 350,000 Bitcoins, the asset manager’s website shows. With the current price of the leading crypto, the dollar value of the fund’s holdings stands at more than $20.8 billion. Binance And Satoshi Nakamoto The Only BTC Holders Above BlackRock The top two holders of Bitcoin above BlackRock’s IBIT are the crypto exchange platform Binance and the pseudonymous creator of Bitcoin, Satoshi Nakamoto. ”Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October,” said Bloomberg Intelligence ETF analyst Eric Balchunas. “BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time.” Spot Bitcoin ETFs in the US collectively hold 909,700 BTC. Didn’t realize US ETFs are...