Binance Labs is not Binance's arm
According to new reports, Binance Labs, known as Binance's venture capital and incubation arm, is actually not a part of Binance Group. Binance Labs has also admitted this on its website. I think Binance may have separated Binance Labs as part of its strategy to avoid political controversies.
OTHER NEWS
FTX Boss Scam Bankmane-Fraud
SBF sentence
Lawyers of Sam Bankman-Fried (SBF) urged that upto six and half year sentence is enough for SBF, while prosecutor want 40-50 years. Now ball is in Judge Lewis Kaplan's court.
US SEC in action
SEC sues more CryptoFX officials
SEC has recently filed a case against total of 17 people associated with crypto scam CryptoFX, which is accused of scamming $300M from 40k people in 10 US states. SECs only good work is to target scammers.
Whale
Whale Mr. 100 bought all 900 BTC mined on March 14th
HODL 15 Capital reports that Bitcoin whale Mr. 100 bought all 900 freshly minted Bitcoins on March 14, I think that this led to the devaluation of Bitcoin in the market, which also gave many people the opportunity to buy the dip below $70k.
Memecoin launch
Avalanche Memecoins
The Avalanche Foundation has released five themed memecoins on the Avalanche blockchain – $KIMBO, $COQ, $GEC, $TECH, and $NOCHILL.
New Listing Campaign
Kucoin's AITECH Listing Campaign
Kucoin has listed Solidus Ai Tech ($AITECH), and announced a $59k worth $AITECH tokens in listing giveaway campaign. Eligible users will earn for deposit, trading, bringing affiliates, participating in AMA and Twitter space; eligible newbies will also be rewarded. Campaign timing is between March 15th and 22nd (10:00 UTC).
Trade 2 Earn
BEE Trading contest by Gates dot io
Gates has launched $5k worth $BEE token Trading contest, the time of event is between March 16 and 21 (2 AM UTC). Minimum trading for reward eligibility is $50 worth $BEE.
Wallet Update
Binance Web3 wallet integrates Solana
Binance's Web3 wallet has integrated Solana allowing wallet users to seamlessly access $SOL including management, trading, access to Solana's dApps, and airdrops. This new feature requires users to update their wallet and activate their $SOL wallet.
Hack Attack
NFPrompt in action after attack
Hackers gained control of certain wallets on NFPrompt, a Binance's Launchpool project. NFPrompt is not negotiating, instead notified the FBI for assistance and main exchanges to freeze stolen assets, as well as taking help of Web3 security to track hackers.
International Incident
New law for DIFC
The Dubai International Financial Centre (DIFC), the UAE's tax-free special economic zone for cryptocurrency, has announced the implementation of a new digital assets law in accordance with international developments.
