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Binance Founder Changpeng Zhao Steps Down as CEO and Pleads Guilty in $4 Billion Settlement
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Looking at DEXes: 5 Project Insights on BNB Chain DEXes
August 1, 2022
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An in-depth look at 5 unique decentralized exchanges based on BNB Chain.
5 Top DEXes on BNB Chain
In order to use Decentralized Finance (DeFi) blockchains to trade tokens, users need to use a Decentralized Exchange (DEX) to act as the middleman for the trade. However, identifying which DEX offers the most benefits to users can be challenging, as DEXes often have benefits that differ from one to the next.
Below is a selection of project insights on BNB Chain DEXes that have established themselves as top choices on the chain.
ApeSwap
ApeSwap offers a user-friendly trading experience alongside a variety of exciting features for its community. With an engaged and motivated development team, ApeSwap has earned its reputation as a top-tier BNB Chain DEX.
Read the project insight here.
PancakeSwap
An established name on BNB Chain, PancakeSwap offers users access to a variety of DeFi features. Its large user base and notoriety make it a worthy choice for new BNB Chain users to check out.
Read the project insight here.
Position Exchange
Position Exchange stylizes itself as a Centralized Exchange (CEX) ‘killer’. With a community-run platform, trading features like perpetual trading and futures, and a user-friendly interface, Position Exchange is another solid place to start on BNB Chain.
Read the project insight here.
BiSwap
BiSwap claims to be the first DEX with a three-type referral system on BNB Chain. With low trading fees and numerous other products besides the DEX, BiSwap taps into a few niches for users.
Read the project insight here.
BabySwap
BabySwap is an Automated Market Maker (AMM), DEX, NFT platform, and metaverse project on BNB Chain. With a slew of products and an active and engaged team, BabySwap is worthy of consideration.
Read the project insight here.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Binance Founder CZ Barred from Leaving U.S. Amidst Sentencing Uncertainty
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November 28, 2023
The judge ordered a stay on a condition allowing Zhao to return to the United Arab Emirates until the court reviews the government's motion.
In a significant development, Judge Richard Jones ruled that Changpeng Zhao (CZ), the former chief of Binance, must remain in the United States pending his sentencing. The decision overturns a condition that would have allowed CZ to return to his residence in the United Arab Emirates, pending the resolution of the Government’s motion for review.
Prosecutors raised concerns about CZ being a flight risk, pointing to his substantial wealth and the absence of an extradition treaty between the UAE and the U.S.
This comes in the aftermath of Binance's $4.3 billion fine for violating anti-money laundering measures, leading to CZ's agreement to step down as CEO. Facing a potential sentence of up to 10 years, CZ's legal team argued that he willingly appeared in court once and is likely to do so again.
Prosecutors countered, emphasizing CZ's substantial wealth outside the U.S. and the lack of an extradition deal between the U.S. and the UAE. Additionally, CZ's special status in the UAE, having obtained 'citizenship by invitation,' added complexity to the legal deliberations.
CZ's Exit from Binance and Legal Settlement
The ongoing legal battle follows CZ's decision to step down as CEO of Binance on Nov. 21 as part of a settlement with the Department of Justice (DoJ). The DoJ suggested that CZ's flight risk could be "manageable" if he remained in the country, proposing that detention might not be necessary during the waiting period.
Further, the latest filings indicate a potential shift in the DoJ's stance, with the possibility of pushing for a maximum sentence of 10 years instead of the initially expected 12-18 months.
CZ, who pleaded guilty to one felony count related to Binance's Anti-Money Laundering program, is currently free to travel within the U.S., secured by a $175 million bond, until his sentencing in February 2024.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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