DeFI News by Thebittimes.Com

Biannce Coin (BNB) price has soared by 7% in the last seven days recovering from its recent drop. However, BNB price prediction suggests potential highs of $480 in 2024. Pullix emerges as a hybrid DeFi protocol bridging decentralized and centralized exchanges. From regulatory hurdles facing Binance to price movements of the Binance Chain’s native token Binance Coin (BNB) and the emergence of Pullix, the crypto community is witnessing a dynamic interplay of factors shaping the industry’s future. In this news article, we delve into recent BNB price movements, future BNB price predictions, and explore the innovative features of Pullix and its native token, PLX. BNB price surge and influencing factors Binance Coin (BNB), the native cryptocurrency of the world’s largest exchange, Binance, has experienced a series of noteworthy price movements. In 2021, BNB soared from $40 to a high of $690, only to face a subsequent decline. While the de...

Adrienne Harris, the superintendent of the New York Department of Financial Services (NYDFS), has reiterated her unwavering commitment to regulating New York’s virtual currency space.  NYDFS’ relentless crypto regulatory efforts Under Harris’s leadership, the NYDFS’s regulatory endeavors in the crypto sector have been pivotal. The department, with her at the helm, has executed a two-year transformative initiative to strengthen its oversight of virtual currencies.  This comprehensive effort includes crafting updated guidance for the adoption or listing of virtual currencies and establishing a framework to designate coins or tokens to the DFS greenlist. Appointed as superintendent in August 2021 and confirmed by the State Senate in 2022, Harris had transformed a three-person crypto unit into a team larger than an NFL football roster. According to Axios, Harris revealed during a recent policy summit hosted by the Blockchain Association in D.C, that the agency’s cryp...

Stéphanie Cabossioras has resigned as managing director of Binance’s French operations, marking the latest in a series of high-profile departures amid mounting regulatory scrutiny. Stéphanie Cabossioras, the Managing Director overseeing Binance’s operations in France, has resigned today. Her departure continues a trend of top-tier exits from the leading cryptocurrency exchange this year. Before her role at Binance, Cabossioras had been deputy general counsel at the French market authority. She transitioned to Binance in April 2022, initially serving as the regional head of legal before becoming the Managing Director. Her appointment coincided with Binance’s announcement to set up its European command center in the French capital. La DG adjointe de Binance France @StepCabossioras quitte l’entreprise et sort du directoire du géant. Dans cette période délicate entre le bear market et le cadre réglementaire qui touche les activités de Binance, ça va faire du bruit e...

The Vice-President of HKUST criticizes Hong Kong’s current virtual asset licensing system as “Licensed to Be Killed,” advocating for a new public blockchain for real-world assets. Wang Yang, the Vice-President of The Hong Kong University of Science and Technology, recently criticized Hong Kong’s current approach to regulating virtual assets. Yang argued that the existing licensing system is not only burdensome but also counterproductive, coining the term “Licensed to Be Killed” to describe the plight of licensed exchanges like OSL, which have faced significant losses. Hong Kong needs a robust public blockchain Yang emphasized the need for Hong Kong to shift its focus from mere compliance and licensing to building a robust Web3 ecosystem. He proposed the deep integration of virtual and real-world assets (RWAs) through blockchain technology. Yang also called for the establishment of a new public blockchain for RWAs in Hong Kong, complete with an ...

Binance CEO Changpeng Zhao recently addressed various pertinent questions about the leading Bitcoin (BTC) trading venue and its future amid ongoing regulatory challenges. Zhao, known within the crypto sector as “CZ,” provided insight on the exchange’s current situation as well as BNB Chain’s momentum in a recent X (formerly Twitter) “Ask Me Anything” session. CZ debunks Binance rumors and FUD Zhao began by addressing the rumors surrounding Binance, emphasizing that negative news often spreads faster than the truth in the crypto world.  He acknowledged the presence of FUD (fear, uncertainty, doubt) but highlighted that Binance is fundamentally different from the disgraced Sam Bankman-Fried’s FTX.  According to Zhao, the key difference lies in Binance’s financial structure. He claims the world’s largest centralized crypto exchange operates without debt, ensuring its financial stability. When asked about the sluggish momentum of th...