Author: Luisa Crawford

Binance Replaces BUSD with TUSD and USDT in SAFU Fund

Luisa Crawford

Binance, one of the world’s largest cryptocurrency exchanges, announced on March 17 that it has replaced the Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos’ recent move to stop minting new BUSD, which has led to the asset’s market capitalization falling. SAFU is an emergency insurance fund established by Binance in July 2018 to protect users’ funds in case of security breaches or other unforeseen events. Binance committed a percentage of trading fees…

Binance Launches Joint Anti-Scam Campaign

Luisa Crawford

 Binance, one of the world’s largest cryptocurrency exchanges, has launched a new campaign aimed at preventing scams in cooperation with local law enforcement agencies. The initiative, called the “Joint Anti-Scam Campaign,” was first rolled out in Hong Kong and aims to help potential victims of scams avoid falling prey to fraudulent activity. As part of the campaign, Binance collaborated with the Hong Kong Police Force’s Cyber Security and Technology Crime Bureau to create an “alert and crime prevention message” for Hong Kong residents. When users attempted to make withdrawals, they…