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A decentralized finance (DeFi) altcoin backed by Binance is skyrocketing after launching on the crypto exchange and receiving a shoutout from Changpeng Zhao, the firm’s former CEO. In a new announcement, Binance says that it is adding support for the perpetuals and derivatives exchange platform Aster (ASTER). “Aster is NOW LIVE on Binance Alpha. Aster is a decentralized derivatives exchange (perpetual decentralized exchange) on BNBChain, incubated by YZi Labs, the investment fund of [Zhao].” News of the addition – as well as an acknowledgement from Binance co-founder Zhao – preceded Aster’s price explosion, which saw the asset go from a low of $0.895 on September 20th to a peak of $1.73 just a day later, a 93% surge. Aster has since retraced and is trading for $1.54 at time of writing, a 22.7% increase during the last 24 hours. Zhao, who stepped down as the firm’s chief executive in November 2023, says on X that Aster is the biggest...

Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be deployed across multiple chains simultaneously.” News of the addition preceded a massive price increase for the asset, as it went from a price of $0.095 on August 28th to a peak of $0.308 just a day later. MITO has since stabilized and is trading for $0.25 at time of writing, a staggering 143% increase during the last 24 hours. On its website, Mitosis says it is attempting to a...

Bybit, the world’s second-largest crypto exchange by trading volume, has appointed Patricio Mesri as Country Manager for Spanish-speaking markets in Latin America, according to the reports shared with Finbold on Thursday, May 15. Mesri will help Bybit establish a firmer presence in Argentina, Mexico, Colombia, Chile, Peru, Uruguay, and other countries by forging local partnerships, promoting community engagement, and providing crypto education.  Patricio Mesri’s career Prior to joining Bybit, Mesri worked in gaming, fintech, and marketing, and he is already well-known in Latin American crypto circles, having hosted trader meetups and led grassroots campaigns to bring blockchain to the mainstream.  At Bybit, he’ll oversee brand strategy and promote regional growth while continuing his efforts to make crypto more accessible. Commenting on his new role, Mesri described Latin America as a passionate region with significant potential in the industry: “...

Blockchain oracle service Chainlink has undergone a quarterly token unlock of 19 million LINK worth over a quarter of a billion dollars. According to pseudonymous on-chain analyst Ember CN, two Ethereum (ETH) addresses unlocked and transferred 19 million LINK tokens worth $262 million to new wallets. Of the unlocked tokens, Ember CN says $205 million worth of LINK was sent directly to Binance, the world’s largest crypto exchange by trading volume. An additional $57 million worth of LINK was transferred to a separate multi-signature address. Says Ember CN, “Every three months, Chainlink’s non-circulating supply address will unlock about 10 to 20 million LINK. Most of them will be transferred directly to Binance, and a small part will be transferred to the 0xD50…8Af address (the LINK transferred to this address enters the LINK staking reward distribution contract and is used to distribute rewards to LINK staking users). Since 2022, nearly 1...

Bitcoin, meme coins and Coinbase shares soared after Donald Trump won the US election, even as tokens linked to the incoming president nosedived. JUST IN 🚨: Coinbase $COIN soars by more than 30%, its largest gain in history 📈 pic.twitter.com/L7QuNzWAuS — Barchart (@Barchart) November 6, 2024 BTC soared more than 10% f rom an opening price of $67,850.01 yesterday to trade at $74,756.42 as of 2:40 a.m. EST. Meanwhile, meme coins stole the show with a 13% surge in their collective market cap. And the post-election gains were not limited to crypto tokens, with the share price of Coinbase, the leading US crypto exchange, soaring over 31% during yesterday’s trading session. Small-Cap Meme Coins Rally After Donald Trump Win Smaller-cap meme coins were the top gainers in the lighthearted sector of the crypto market. Following an impressive 301% gain, AMATERASU OMIKAMI (OMIKAMI) claimed the title of the best 24-hour performer in the meme coin market....

Thodex CEO Faruk Fatih Ozer Gets 11,196 Years In Prison A court in Istanbul sentenced Faruk Fatih Ozer to 11,196 years imprisonment for duping thousands of crypto investors of more than $2 billion, reported Bloomberg on September 8. His two siblings also received prison sentences. Ozer was indicted on several charges such as aggravated fraud, leading a criminal organization, and money laundering. advertisement “I am smart enough to lead any institution on Earth. That is evident in this company I established at the age of 22. I wouldn’t have acted so amateurishly if this were a criminal organization.” Faruk Fatih Ozer founded Thodex in 2017 and fled to Albania after Thodex went bust in April 2021. Turkish Interior Ministry said it was an exit scam. Ozer was arrested in Albania in August 2022 and extradited to Turkey in April this year after a long legal process. While the total amount of losses for crypto investors remains unknown, the pr...

Some crypto exchanges are failing to offer customer service that's fit for 2022. This trading platform explains how it's doing things differently. It's a challenging time out there — but the co-founders of BoneX are filled with optimism for the future of cryptocurrencies, describing them as one of mankind's greatest inventions. Here, they tell us why the levels of customer support offered by the industry simply aren't good enough — and reveal what it'll take for even more big brands and institutions to start embracing crypto. 1. Hello, gents! Tell us about yourselves. Hello, we are David Bonev and Vasil Alyoshin. We're enthusiasts who have been actively digging into the world of crypto since 2013. Back then, Vasil focused on crypto mining and his venture grew to an industrial level, while David — who had experience in traditional banking and finance  — caught the early wave of blockchain technologies. We've been searching for innovations and opportuniti...