Binance Invests in ARKM: The On-Chain Intelligence Exchange

Binance, the leading player in the cryptocurrency exchange market, has announced its latest investment. Binance Labs, the venture capital and incubation arm of Binance, has invested in ARKM, the native token of Arkham. As we all know, Arkham is a platform established to monitor on-chain activities. It provides on-chain intelligence services and produces AI-supported reports. In its recent announcement, Binance stated:

“The protocol has created Arkham Intel Exchange, the world’s first on-chain intelligence marketplace, which matches buyers and sellers of blockchain intelligence on a large scale. This allows users generating intelligence to earn rewards for their work. Arkham’s ‘Intel-to-Earn’ platform incentivizes the production of intelligence as a public good through trades and rewards supported by the ARKM token, as well as through auctions.”

Following the news, the price of this popular altcoin surged from $0.545 to $0.615, representing a double-digit increase. Currently, the platform is facing various allegations of legal violations, with Cryptoleaks targeting it.