![]() ![]() The BNB Greenfield is Binance’s new decentralized storage system, integrated with Web3 applications contractually and powered by BNB tokens. ![]() Binance Decentralized Storage – BNB Greenfieldīinance ushers in a new storage system to expand its advanced features over its decentralized network. Users can then use the image generated by the AI as NFTs on Binance’s native BNB chain. Users can enter prompts to produce an image unique to the market by the AI engine. The NFT generator allows Binance users to generate art and market them as NFTs through their Binance NFT accounts. With the arrival of AI art-generating platforms such as DALL-E, Midjourney, Dream by WOMBO, and more comes the opportunity to introduce Bicasso, Binance’s AI-powered NFT art generator. ![]() The global Binance platform introduces its latest feature for NFT enthusiasts. Users can freely transfer these tokens between the two blockchains. The platform uses the Binance Smart Chain and Ethereum to create NFTs that can be stored safely inside the Trust Wallet. Though the Marketplace is still in its infant stage, it can leverage the whole Binance ecosystem. Binance NFT can include music, videos, digital art, real-world items, and website domains. NFT coins on Binance denote an asset’s ownership. The Binance NFT Marketplace was launched in 2021, where people can create, purchase, and sell NFTs (Non-Fungible Tokens). Binance runs its business globally, naming Binance Singapore, Binance Indonesia, and Binance Jersey, etc., and has a presence with registered offices in a few other European countries, including Gibraltar and Estonia.īased on the country, Binance has also developed explicit license agreements for cryptocurrency exchanges. The same year, Binance also acquired WazirX, India’s largest cryptocurrency exchange (check out the complete WazirX review here). In 2020, the parent company shifted its base of operations to Malta due to the growing regulatory issues for cryptocurrency in China and Hong Kong. Soon, it reimbursed its customers with the help of its secured asset fund. The company halted its withdrawals and Dollar deposits but continued its trading services. In 2019, Binance suffered a large-scale security breach, where 7,000 Bitcoins ($40 million) were reported stolen. But what other factors differentiate Binance and Binance.Binance acquired the crypto wallet Trust Wallet in June 2018. So, we know when and why these platforms had their start. For instance, the CFTC was concerned that Binance had let its US-based users place wagers that went against the country's laws. ![]() The catalyst for this was the CFTC's investigation into Binance for an array of possible legal issues. This is where Binance.US emerged.īut why is there an entirely separate platform for the US?īinance.US was launched in 2019 as a way to comply with US laws while also being able to serve users within the country. What you may not know about Binance is that its main site is not available for US residents. Evidently, Binance is a household name in the crypto industry, but it's not available everywhere.Īs you've likely guessed, Binance.US is a version of Binance that's available solely for United States residents. Since then, Binance has amassed a huge user base in over 100 countries, with tens of millions of users worldwide. Binance is a centralized cryptocurrency exchange launched in 2017 by Changpeng Zhao. ![]()
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