BNB Archives

The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
- Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
  
  Most Read
  
  Altcoins
  
  Binance Launches SUI Farming With Staked BNB And TrueUSD
  
  May 2, 2023 - Updated on May 4, 2023
  
  Artificial Intelligence
  
  Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
  
  December 19, 2024
  
  Artificial Intelligence
  
  Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
  
  August 15, 2024
  
  Artificial Intelligence
  
  Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
  
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  Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
  
  December 19, 2024
  
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  \n
  - Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
    - The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      December 19, 2024
      
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      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      May 2, 2023 - Updated on May 4, 2023
      
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      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
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      August 15, 2024
      
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      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      December 19, 2024
      
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      August 15, 2024
      
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      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      December 19, 2024
      
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      December 3, 2024
      
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      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      \n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      December 19, 2024
      
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      August 15, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      \n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
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      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      December 3, 2024
      
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      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      December 19, 2024
      
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      August 15, 2024
      
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      December 3, 2024
      
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      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      December 3, 2024
      
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      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
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      December 19, 2024
      
      Artificial Intelligence
      
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      August 15, 2024
      
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      December 3, 2024
      
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      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      \n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      \n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
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      \n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      August 15, 2024
      
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      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
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      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      \n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      \n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
      \n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
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      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
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      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
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      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
      \n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      May 2, 2023 - Updated on May 4, 2023
      
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      \n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
      \n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
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      \n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      May 2, 2023 - Updated on May 4, 2023
      
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      Follow The Distributed
      
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      \n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      August 15, 2024
      
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      December 3, 2024
      
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      December 19, 2024
      
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      Type your email here
      
      Follow The Distributed
      
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      ADVERTISEMENT
      
      \n
      40 million SUI tokens are set for launchpool token rewards, 0.4% of the total token supply of 10 billion. So far, more than 9 million BNB tokens have been staked on the BNB pool, while the TUSD pool has more than 450 million staked TUSD.<\/p>\n\n\n\n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      According to the announcement<\/a> on April 30, the farming of SUI tokens would run for 2 days beginning May 1. After that, the asset would be listed on Binance under trading pairs SUI\/BTC, SUI\/USDT, SUITUSD, and SUI\/BNB, subject to the relevant liquidity requirements.<\/p>\n\n\n\n
      40 million SUI tokens are set for launchpool token rewards, 0.4% of the total token supply of 10 billion. So far, more than 9 million BNB tokens have been staked on the BNB pool, while the TUSD pool has more than 450 million staked TUSD.<\/p>\n\n\n\n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      \n
      Cryptocurrency exchange Binance has unveiled its 33rd project on Binance Luanchpoool, Sui, that allows users to farm SUI tokens using staked BNB and TrueUSD (TUSD).<\/p>\n\n\n\n
      According to the announcement<\/a> on April 30, the farming of SUI tokens would run for 2 days beginning May 1. After that, the asset would be listed on Binance under trading pairs SUI\/BTC, SUI\/USDT, SUITUSD, and SUI\/BNB, subject to the relevant liquidity requirements.<\/p>\n\n\n\n
      40 million SUI tokens are set for launchpool token rewards, 0.4% of the total token supply of 10 billion. So far, more than 9 million BNB tokens have been staked on the BNB pool, while the TUSD pool has more than 450 million staked TUSD.<\/p>\n\n\n\n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
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      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
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      \n
      The token is expected to list afterward on Binance against BTC, USDT, TUSD, and BNB.<\/li>\n<\/ul>\n\n\n\n
      Cryptocurrency exchange Binance has unveiled its 33rd project on Binance Luanchpoool, Sui, that allows users to farm SUI tokens using staked BNB and TrueUSD (TUSD).<\/p>\n\n\n\n
      According to the announcement<\/a> on April 30, the farming of SUI tokens would run for 2 days beginning May 1. After that, the asset would be listed on Binance under trading pairs SUI\/BTC, SUI\/USDT, SUITUSD, and SUI\/BNB, subject to the relevant liquidity requirements.<\/p>\n\n\n\n
      40 million SUI tokens are set for launchpool token rewards, 0.4% of the total token supply of 10 billion. So far, more than 9 million BNB tokens have been staked on the BNB pool, while the TUSD pool has more than 450 million staked TUSD.<\/p>\n\n\n\n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
      Most Read
      
      Altcoins
      
      Binance Launches SUI Farming With Staked BNB And TrueUSD
      
      May 2, 2023 - Updated on May 4, 2023
      
      Artificial Intelligence
      
      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
      
      December 19, 2024
      
      Artificial Intelligence
      
      Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
      
      August 15, 2024
      
      Artificial Intelligence
      
      Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
      
      December 3, 2024
      
      Cryptocurrencies
      
      Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
      
      December 19, 2024
      
      Subscribe To Our Newsletter
      
      By subscribing, you agree with our privacy and terms.
      
      Type your email here
      
      Follow The Distributed
      
      Twitter Instagram Youtube LinkedIn Facebook RSS
      
      ADVERTISEMENT
      
      \n
      SUI farming will open for two days on BNB and TUSD pools beginning May 1.<\/li>\n\n\n\n
      The token is expected to list afterward on Binance against BTC, USDT, TUSD, and BNB.<\/li>\n<\/ul>\n\n\n\n
      Cryptocurrency exchange Binance has unveiled its 33rd project on Binance Luanchpoool, Sui, that allows users to farm SUI tokens using staked BNB and TrueUSD (TUSD).<\/p>\n\n\n\n
      According to the announcement<\/a> on April 30, the farming of SUI tokens would run for 2 days beginning May 1. After that, the asset would be listed on Binance under trading pairs SUI\/BTC, SUI\/USDT, SUITUSD, and SUI\/BNB, subject to the relevant liquidity requirements.<\/p>\n\n\n\n
      40 million SUI tokens are set for launchpool token rewards, 0.4% of the total token supply of 10 billion. So far, more than 9 million BNB tokens have been staked on the BNB pool, while the TUSD pool has more than 450 million staked TUSD.<\/p>\n\n\n\n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      \n
      \n
      SUI farming will open for two days on BNB and TUSD pools beginning May 1.<\/li>\n\n\n\n
      The token is expected to list afterward on Binance against BTC, USDT, TUSD, and BNB.<\/li>\n<\/ul>\n\n\n\n
      Cryptocurrency exchange Binance has unveiled its 33rd project on Binance Luanchpoool, Sui, that allows users to farm SUI tokens using staked BNB and TrueUSD (TUSD).<\/p>\n\n\n\n
      According to the announcement<\/a> on April 30, the farming of SUI tokens would run for 2 days beginning May 1. After that, the asset would be listed on Binance under trading pairs SUI\/BTC, SUI\/USDT, SUITUSD, and SUI\/BNB, subject to the relevant liquidity requirements.<\/p>\n\n\n\n
      40 million SUI tokens are set for launchpool token rewards, 0.4% of the total token supply of 10 billion. So far, more than 9 million BNB tokens have been staked on the BNB pool, while the TUSD pool has more than 450 million staked TUSD.<\/p>\n\n\n\n
      DPoS Layer-1 Blockchain<\/h2>\n\n\n\n
      Sui<\/a> operates as a delegated proof of stake (DPoS) layer-1 blockchain<\/a> written on the Move programming language. The project has since raised $300 million in a series B funding round backed by Binance Labs and Coinbase - bringing its valuation to $2 billion.<\/p>\n\n\n\n
      The project, hyped by its community of supporters as the \u2018Ethereum Killer\u2019<\/em>, uses a unique technology involving a parallel data model and execution engine to enhance transaction scaling. Besides, the blockchain employs an object-centric model for processing parallel transactions.<\/p>\n\n\n\n
      The unveiling has pumped the price of Binance\u2019s native BNB token upwards despite a bearish market momentum. At press time, the token was changing hands for $333, representing a jump of 3% in the past day.<\/p>\n","post_title":"Binance Launches SUI Farming With Staked BNB And TrueUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-launches-sui-farming-with-staked-bnb-and-trueusd","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:20","post_modified_gmt":"2023-05-04 03:03:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
      BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n\n
      BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
      \n
      The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
      \n
      RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
      \n
      The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
      $\"BNB$ <\/a>
      BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
      Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
      The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
      Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
      If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
      See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n
      Table Of Contents<\/h2>
      What Is Binance Coin (BNB)?<\/a><\/li>
      How Does Binance Coin (BNB) Work?<\/a><\/li>
      Binance Coin (BNB) Tokenomics<\/a><\/li>
      Is Binance Coin (BNB) A Safe Investment?<\/a><\/li>
      Is BNB A Good Long-Term Investment?<\/a><\/li>
      Binance Coin (BNB) Frequently Asked Questions<\/a>
      Is Binance Coin A Stablecoin?<\/a><\/li>
      What If I Lose My BNB?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n
      What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
      Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
      The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
      How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
      Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
      BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
      BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
      Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
      BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
      Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
      Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
      Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
      The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
      Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
      Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
      The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
      Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
      Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
      Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
      What If I Lose My BNB?<\/h3>\n\n\n\n
      In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5542,"post_author":"2","post_date":"2022-06-11 13:24:44","post_date_gmt":"2022-06-11 03:24:44","post_content":"\n
      Singapore<\/strong><\/p>\n\n\n\n
      BNB-based Media BSCDaily announced its endorsement of TUSD on Tuesday, May 24. BSCDaily recommends stablecoins<\/a> with robust ecosystems and credibility, encouraging traders to preserve their capital and move to stablecoins backed by 1:1 reserves. TUSD proudly sits on this list.\u00a0<\/p>\n\n\n\n
      As a blue-ribbon stablecoin favored by large numbers of users, TUSD leverages diverse mechanisms to ensure industry-leading transparency, security, and stability. In addition, it is the first stablecoin with 24-hour live on-chain attestations, providing 24\/7 real-time token minting and redemption services through partnerships with multiple regulated trust companies. <\/p>\n\n\n\n
      The TUSD team is also careful about its selection of partners for its rapid expansion into crypto exchanges, public chains, and DeFi<\/a> platforms, among other fields. TUSD is now available on nearly 100 crypto exchanges worldwide, including Binance, Huobi Global, and Poloniex. TUSD is also deployed on 11 public chains, including BNB Chain, Ethereum, and TRON, eight of which ranked as the top 10 public chains by TVL according to Defi Llama. Within DeFi, TUSD has integrated with a variety of projects spanning DEXs, lending protocols, margin lending projects, and yield aggregators.<\/p>\n\n\n\n
      $\"\"$ <\/figure>\n\n\n\n
      The Binance ecosystem and TUSD have a long history of partnership. Currently, there are close to 10 spot trading pairs with BTC, ETH, BNB, BUSD, and more on the Binance exchange, with an average daily trading volume of around $30 million. TUSD is deployed on Binance Chain as a native stablecoin and on BNB Chain as a cross-chain token, accompanied by multiple campaigns with Alpaca, Venus, and other top-line DeFi protocols on these chains.<\/p>\n\n\n\n
      One year into its inception, TUSD is listed on five decentralized exchanges including PancakeSwap and Ellipsis, as well as four popular lending protocols, including Venus. It\u2019s ranked the fourth-largest stablecoin by circulating supply, next only to USDT, USDC, and BUSD. Now, 13,447 addresses hold 813 million TUSD on BNB Chain, and the number of transfers involving TUSD has reached 482,601. <\/p>\n\n\n\n
      $\"\"\/$ <\/figure>\n\n\n\n
      \"We are excited that we\u2019ve made such impressive achievements on BNB Chain in such a short time. This is solid proof of our forward-looking and practical roadmap,\u201d Annabel Gan, Director of Marketing and Business Development at TrueUSD, said. \u201cOf course, none of these could have happened without the robust infrastructure of BNB Chain and the trust and support of every BNB Chain user. However, we at TUSD are not complacent. We will continue to improve ourselves and seize new opportunities, realizing our ultimate mission to build assets for the new global financial system.\u201d<\/p><\/blockquote>\n\n\n\n
      About TUSD<\/b><\/i><\/p>\n\n\n\n
      TrueUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar. So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 11 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon. TrueUSD is attested to in real-time by Armanino, one of the largest U.S.-based accounting firms, to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. Users can access the publicly available audit results via the official website tusd.io at any time. <\/p>\n\n\n\n
      Website<\/u><\/a> | Twitter<\/u><\/a> | Twitter(Truly)<\/u><\/a> | Medium<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a> | Telegram(Truly)<\/u><\/a><\/p>\n\n\n\n
      Contacts<\/h5>\n\n\n\n
      Annabel Gan<\/strong><\/li>
      [email protected]<\/strong><\/li><\/ul>\n","post_title":"BNB-based Media BSCDaily Endorses TUSD as A Reliable Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bnb-based-media-bscdaily-endorses-tusd-as-a-reliable-stablecoin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/defi\/","post_modified":"2022-09-13 22:21:08","post_modified_gmt":"2022-09-13 12:21:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5542","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5492,"post_author":"1","post_date":"2022-06-07 22:16:37","post_date_gmt":"2022-06-07 12:16:37","post_content":"\n
      The 5th largest cryptocurrency at the moment, $BNB, is being investigated by the Security and Exchange Commission (SEC) over potential violations during its 2017 initial coin offering (ICO).<\/p>\n\n\n\n
      A Bloomberg report<\/a> published today cited anonymous sources stating the SEC is investigating whether or not BNB was registered as a security at the time of the ICO. The SEC claims that most cryptocurrencies are a security, targeting various ICOs in the past.<\/li><\/ul>\n\n\n\n
      Although the SEC's probe is still months away from final conclusions and legal action may not be taken against the firm or any individual, sources said.<\/li><\/ul>\n\n\n\n
      Binance affirmed their compliance witht the SEC, stating that \"we will continue to meet all requirements set by regulators,\" and \u201cit would not be appropriate for us to comment on our ongoing conversations with regulators.\"<\/li><\/ul>\n\n\n\n
      Yesterday, Reuters published an extensive investigation<\/a> against Binance for becoming a conduit for hackers resulting in at least $2.35 billion in illicit funds being laundered from 2017-to 2021, in this period Binance had weak Anti-Money Laundering and Know Your Customer protections.<\/li><\/ul>\n\n\n\n
      The investigation references various hacks, namely the Eterbase hack of 2020, which had $5.4 million stolen and some of this was laundered through Binance. Hydra, the world's largest darknet drugs market was also mentioned which used Binance to make and receive payments in crypto worth $780 million.<\/li><\/ul>\n\n\n\n
      Despite this, Binance told Forbes<\/a> that the Reuters report was \u201cwoefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.\u201d With Binances COO Patrick Hillmann stating that the company works closely with law enforcement to \u201censure that any illegal funds are tracked, frozen, recovered and\/or returned to their rightful owner.\u201d<\/li><\/ul>\n\n\n\n
      
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      BNB
      
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