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  2. What is Binance, why is it in so much trouble, and what does ...

    www.aol.com/binance-why-much-trouble-does...

    The Seychelles-based OKX is second in market share at 5.44% and the US exchange Coinbase is third at 5.37%, according to crypto news site CoinDesk. But Binance’s future at the top of the crypto ...

  3. Largest crypto exchange Binance fined $4 billion, CEO pleads ...

    www.aol.com/news/us-reaches-over-4-billion...

    The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng ...

  4. How fast are Binance revenues falling? New trading data ... - AOL

    www.aol.com/finance/fast-binance-revenues...

    Still, the CCData numbers trace a downward spiral in Binance’s business, caused by a combination of an overall fall in crypto trading since the summit in 2021, and in recent months, a decline in ...

  5. Binance - Wikipedia

    en.wikipedia.org/wiki/Binance

    Binance Holdings Ltd., branded Binance, is a global [8] company that operates the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao , a developer who had previously created high-frequency trading software.

  6. Cryptocurrency exchange - Wikipedia

    en.wikipedia.org/wiki/Cryptocurrency_exchange

    In June 2022, the US Securities and Exchange Commission launched an enquiry into Binance as an entity and not into the crypto products it was dealing in. [21] On 11 November 2022, FTX , which was at that time the third largest cryptocurrency exchange by volume and valued at $18 billion, [ 22 ] entered bankruptcy proceedings in the US court ...

  7. Decentralized finance - Wikipedia

    en.wikipedia.org/wiki/Decentralized_finance

    Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain.This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. [1]

  8. Binance CEO steps down; crypto platform hit with record $4.3 ...

    www.aol.com/binance-ceo-steps-down-crypto...

    The CEO of Binance, ... Binance CEO steps down; crypto platform hit with record $4.3 billion in damages. Kevin Collier and Jason Abbruzzese. Updated November 21, 2023 at 7:33 PM.

  9. Proof of work - Wikipedia

    en.wikipedia.org/wiki/Proof_of_work

    At the IACR conference Crypto 2022 researchers presented a paper describing Ofelimos, a blockchain protocol with a consensus mechanism based on "proof of useful work" (PoUW). Rather than miners consuming energy in solving complex, but essentially useless, puzzles to validate transactions, Ofelimos achieves consensus while simultaneously ...

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