{"id":8289,"date":"2023-05-30T12:05:28","date_gmt":"2023-05-30T11:05:28","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=8289"},"modified":"2023-05-30T12:05:29","modified_gmt":"2023-05-30T11:05:29","slug":"binance-about-to-buy-a-bank","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/","title":{"rendered":"Binance: About to buy a bank?"},"content":{"rendered":"\n<p>The recent setbacks for <strong>US cryptocurrency<\/strong> <strong>companies <\/strong>have highlighted the need to rely on banks for companies that accumulate large sums of money on a daily basis. However, the failure of some banking institutions and the general distrust of cryptocurrencies has not helped stabilize companies like Binance.<\/p>\n\n\n\n<p>Thus, a rumor that has been circulating for a long time is that Binance is in the process of acquiring one or more banks. The rumors were confirmed by Zhao Changpeng himself, who reiterated his interest last November.<\/p>\n\n\n\n<p>\u201cThere are people who hold certain types of local licenses, such as traditional banking services, payment providers, and even banks. We look at all of this. \u00bb<\/p>\n\n\n\n<p>However, according to <strong>CZ&#8217;s <\/strong>latest statement, the ecosystem has changed since then, and so have Binance&#8217;s plans.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#Binance_no_longer_plans_to_buy_banks\" >Binance no longer plans to buy banks<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#The_integration_of_Stably_with_Bitcoin_in_the_form_of_BRC-20\" >The integration of Stably with Bitcoin in the form of BRC-20<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#Reluctance_that_persists\" >Reluctance that persists<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#A_75_Million_Hack_at_Arbitrum\" >A $7.5 Million Hack at Arbitrum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#A_drop_in_hacks_for_the_start_of_2023\" >A drop in hacks for the start of 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#Crypto_of_the_week_%E2%80%93_IOTA\" >Crypto of the week &#8211; IOTA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#What_was_IOTA_founded_for\" >What was IOTA founded for?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Binance_no_longer_plans_to_buy_banks\"><\/span>Binance no longer plans to buy banks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Interviewed on the Bankless podcast, the Binance CEO mentioned the resulting hurdles that make bank acquisitions more difficult. He confirmed he had investigated the matter and said banks were regulated the same way as online trading platforms.<\/p>\n\n\n\n<p>\u201cThe reality is much more complicated than the concept. Even if you buy a bank that only operates in one country, you still have to deal with that country&#8217;s banking regulator. You can&#8217;t buy a bank and do whatever you want. \u00bb<\/p>\n\n\n\n<p>Regulators can actually block <strong>banking institutions<\/strong> from doing business with cryptocurrency companies. In addition, a priori a bank is not enough, it is rather corresponding banks. However, according to Changpeng Zhao, most correspondent banks are located in the United States.<\/p>\n\n\n\n<p>Last point from the CEO of Binance: running a bank is a very expensive and risky business.<\/p>\n\n\n\n<p>&#8220;A lot of banks don&#8217;t have very viable <strong>business models<\/strong>. These are very risky ventures. They take money from customers, lend it, try to make a profit from it, if they don&#8217;t get it back they declare themselves bankrupt. [\u2026] I don\u2019t like running this type of business. \u00bb<\/p>\n\n\n\n<p>This is a veiled reference to the allegations currently affecting <strong>Binance<\/strong>. In fact, the company has been accused of mixing customer funds with its own. Still, Changpeng Zhao acknowledged that Binance will not attack traditional finance by becoming a bank just yet.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_integration_of_Stably_with_Bitcoin_in_the_form_of_BRC-20\"><\/span>The integration of <strong><a href=\"https:\/\/stably.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stably <\/a><\/strong>with Bitcoin in the form of BRC-20<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-37-1024x576.png\" alt=\"Binance : L'int\u00e9gration de Stably \u00e0 Bitcoin sous forme de BRC-20\" class=\"wp-image-8279\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-37-1024x576.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-37-300x169.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-37-768x432.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-37.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The Stablecoin project has been around since <strong>2019<\/strong>, so it&#8217;s nothing new. What is new, however, is its recent integration with Bitcoin in the form of <strong>BRC-20<\/strong>. BRC-20 means equivalent to ERC-20. These are made possible by the Ordinals protocol, which embodies the current discussion.<\/p>\n\n\n\n<p>Thus, the Stable project, which defines itself as &#8220;Stablecoin-as-a-Service&#8221;, will start with Bitcoin. As announced a few days ago, USD&#8217; was chosen as the ticker, thus calling itself &#8216;the first dollar stablecoin on the Bitcoin network.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reluctance_that_persists\"><\/span>Reluctance that persists<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In fact, the first factor seen in Stable stablecoins should alert potential users. First of all, we would like to inform you that the maximum amount is set at $<strong>69.42 billion<\/strong>. It&#8217;s a ridiculous amount of money\u2026 and above all high, and not reassuring about the creator&#8217;s intentions.<\/p>\n\n\n\n<p>Moreover, when looking at portfolios that include funds that are supposed to support the stablecoin, we see that they are still underfunded. Only <strong>$231 <\/strong>included at the moment. This is a very low number, especially compared to Stable&#8217;s minimum purchase. Investors cannot buy (or sell) stablecoins below <strong>$1,000<\/strong>.<br>Another factor that could be mentioned was that Stable needed to clarify that it was their custodian (Prime Trust), and not <strong>Stable Trading LLC<\/strong>, that was regulated as the custodian. Therefore, the ambiguity was particularly emphasized. In conclusion, it should be remembered that useful information on the capitalization of the USDS remains difficult to find.<\/p>\n\n\n\n<p>Therefore, all of these factors require careful consideration in the face of a project often touted as Bitcoin&#8217;s first stablecoin. The excitement surrounding <strong>Ordinals <\/strong>is palpable, but that doesn&#8217;t mean all the resulting projects are viable.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_75_Million_Hack_at_Arbitrum\"><\/span>A $7.5 Million Hack at Arbitrum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-38-1024x538.png\" alt=\"Binance : Un Hack \u00e0 7.5 millions de dollars chez Arbitrum\" class=\"wp-image-8280\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-38-1024x538.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-38-300x158.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-38-768x403.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-38.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Just days after rolling out the second version, the Jimbos protocol project hosted at Layer 2 Arbitrum (ARB) ran out of 4,090 Ether (ETH) or approximately $7.5 million at the time of the event. that is, the paddy field of <strong>May 28<\/strong>.<\/p>\n\n\n\n<p>As of this writing, funds are still in the form of ETH at the same address and also reported by Etherscan explorer.<\/p>\n\n\n\n<p>As for the technique the hackers used, they may have simply exploited the <strong>protocol&#8217;s lack of slippage controls<\/strong> by repeating the exchange multiple times through the $5.9 million flash loan. This technique, often admired by hackers, has led to the hacking of Platypus and Nereus Finance protocols, among others.<\/p>\n\n\n\n<p>Once in possession of the funds, the hackers routed them through the Stargate and Celer bridges.<\/p>\n\n\n\n<p>In his last tweet, Jimbos Protocol asked for the help of several investigators from his chain to follow the movement of money by hackers, including <strong>ZachXBT<\/strong>, <strong>samczsun<\/strong> or <strong>Mudit Gupta<\/strong>. No one seems to have answered yet.<\/p>\n\n\n\n<p>The Jimbos protocol was intended to take advantage of the code of the Olympus protocol and solve the problem of liquidity and volatility. One was mechanically and intrinsically linked to the other.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_drop_in_hacks_for_the_start_of_2023\"><\/span>A drop in hacks for the start of 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"760\" height=\"443\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-39.png\" alt=\"Une baisse des hacks pour ce d\u00e9but d'ann\u00e9e 2023\" class=\"wp-image-8281\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-39.png 760w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-39-300x175.png 300w\" sizes=\"(max-width: 760px) 100vw, 760px\" \/><\/figure>\n\n\n\n<p>Around <strong>$400 million<\/strong> was stolen in around 40 hacks in the first quarter of 2023, down more than 70% from the same period in 2022, according to a report from TRM Labs.<\/p>\n\n\n\n<p>Of course, due to the amount, a few hacks accounted for the majority of funds stolen over a period of time, so the situation in the first quarter is not predictive of what will happen for the rest of the year. . Thus, according to TRM Labs, just 10 hacks account for <strong>75%<\/strong> of stolen funds for all of 2022.<\/p>\n\n\n\n<p>According to CertiK, a company specializing in blockchain security, bridges are set to become a prime target for malicious hackers again in 2023.<\/p>\n\n\n\n<p>In fact, because of how they work, bridges have become a very important source of liquidity in <strong>the decentralized finance (DeFi) ecosystem<\/strong>, as evidenced by things like the now infamous hack of 624 million Ronin in the year last.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_of_the_week_%E2%80%93_IOTA\"><\/span>Crypto of the week &#8211; IOTA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"343\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-40-1024x343.png\" alt=\"La crypto de la semaine - IOTA\" class=\"wp-image-8282\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-40-1024x343.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-40-300x101.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-40-768x258.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-40-1536x515.png 1536w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/05\/image-40.png 1819w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>IOTA aims to be the next evolution of distributed ledgers focused on the Internet of Things.<\/p>\n\n\n\n<p><strong>The Internet of Things<\/strong> (IoT or Internet of Things) represents the connection of multiple objects over the Internet by assigning unique identifiers to multiple objects. These objects can therefore transfer data over the network.<\/p>\n\n\n\n<p>Examples include connected cars which can send data such as speed and location to other connected cars, and cameras and sensors which can detect motion, temperature and humidity and transfer it to a <strong>database<\/strong>. <\/p>\n\n\n\n<p>The <strong>IoT <\/strong>is a <strong>growing field<\/strong> and there are good reasons to simplify and improve the lives of those who use it every day. IOTA is one of the projects based on DAG (Directed Asymmetric Graph) technology. This DAG is called the Tangle and clearly distinguishes the operation of IOTA from other cryptocurrencies.<\/p>\n\n\n\n<p>Most cryptocurrencies operate on <strong>blockchains<\/strong>, securing their state through blocks that link ledgers, history, and data (hence the name blockchain or blockchain).<\/p>\n\n\n\n<p>Blockchains therefore face bottlenecks when a large number of transactions are sent to the network.<\/p>\n\n\n\n<p>IOTA was designed to avoid this <strong>technological problem<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_IOTA_founded_for\"><\/span>What was IOTA founded for?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The project was founded in 2015 by <strong>David S\u00f8nsteb\u00f8<\/strong>, <strong>Sergey Ivancheglo<\/strong>, <strong>Dominik Schiener<\/strong> and <strong>Sergei Popov<\/strong>.<\/p>\n\n\n\n<p>IOTA&#8217;s vision is simple. It solves the blockchain trilemma by creating a permissionless, highly scalable, fully decentralized, secure, and accessible network capable of large-scale deployment.<\/p>\n\n\n\n<p>With a Market Cap of <strong>\u20ac571,399,277<\/strong>, a price of <strong>\u20ac0.2069<\/strong>, the price undergoes this week an increase of <strong>7.02%<\/strong>, making it rise to <strong>68th<\/strong> place in the CoinMarketCap ranking.<\/p>\n\n\n\n<p>Don&#8217;t forget to read our <strong><a href=\"https:\/\/walloftraders.com\/blog\/en\/chatgpt-malware-discovered-by-meta\/\">news from last week<\/a><\/strong>!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-social-warfare-social-warfare\"><div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"8289\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Binance%3A+About+to+buy+a+bank%3F&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Binance%3A+About+to+buy+a+bank%3F&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fbinance-about-to-buy-a-bank%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Pin<\/span><\/span><\/span><\/span><\/a><\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>This article is not investment advice. Do your own research before investing in the cryptocurrency market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent setbacks for US cryptocurrency companies have highlighted the need to rely on banks for companies that accumulate large sums of money on a daily basis. However, the failure of some banking institutions and the general distrust of cryptocurrencies has not helped stabilize companies like Binance. Thus, a rumor that has been circulating &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Binance: About to buy a bank?\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/en\/binance-about-to-buy-a-bank\/#more-8289\" aria-label=\"More on Binance: About to buy a bank?\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":8286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-8289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance: About to buy a bank?<\/title>\n<meta name=\"description\" content=\"Find Crypto News every week, today: Binance: About to buy a bank? 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