The BNB Foundation has just completed its 27th quarterly burn of BNB tokens on the BNB Chain. An automatic burning mechanism permanently destroyed a staggering 1,944,452.51 BNB tokens, valued at approximately $1.17 billion at the time of the burn. BNB is the native cryptocurrency powering the entire BNB Chain ecosystem. It serves as the official […]
Binance, one of the world’s leading cryptocurrency exchanges, announced that Omni Network (OMNI) is the latest project to be added to the Binance Launchpool. Notably, the spotlight shines on Omni Network (OMNI), offering investors a chance to delve into a novel blockchain architecture. Binance introduces the Omni Network (OMNI) Binance Launchpool, the breeding ground for […]
On April 5, crypto exchange Binance unveiled more stringent Know Your Customer (KYC) measures. Starting from April 20, users who have not submitted the required KYC information will no longer be able to access their sub-accounts created as part of the Binance Link program. This measure will affect the sub-accounts created solely for depositing cryptocurrencies. […]
BNB eyes new year-to-date highs as BNB Chain DApp activity increases and a new Binance incentive program launches. Launching under BNB Chain as the native token, BNB has since Jan 26 began recovering, with prices gaining 3% to reclaim the $300 level. Weak and without much reason, BNB is seeking a recovery for all weak […]
In a year marked by regulatory challenges and market fluctuations, Binance, once the undisputed leader in the cryptocurrency exchange space, has seen a notable decline in its market share. According to a recent report from TokenInsight, Binance’s market share dropped from 54.2% at the beginning of the year to 48.7% by the end of 2023. The report […]
The mega rally in Solana continues as the SOL price rallies another 18%, moving closer to $100 during the early trading hours of Dec. 22. This happened for the first time in over two years. On the monthly chart, Solana’s price gains have now exceeded 75%. It has boosted cryptocurrency to the fourth spot by […]
Binance, one of the leading global crypto exchanges, is currently navigating legal challenges. Despite the hurdles, market analyst Ali believes it can bear this storm even better. However, investors should watch for BinanceCoin (BNB) as the cryptocurrency experiences a descending triangle in its weekly chart, indicating a change in market dynamics. Crypto analyst Ali has […]
XRP, one of the top ten cryptocurrencies by market capitalization, has been making waves with an impressive 64% surge since the beginning of the year, outpacing its major competitors. CoinGecko reveals that XRP’s meteoric rise has left other top cryptocurrencies in the dust. Notably, XRP has outperformed Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), Dogecoin (DOGE), […]
Brian Shroder, the Chief Executive Officer of Binance.US, has left the crypto trading platform. According to the company spokesperson, chief legal officer Norman Reed will serve as his interim replacement. Besides this departure, Binance.US is slashing one-third of its workforce — or 100 positions. The move comes as the company faces difficulties, including a lawsuit […]