Crypto analyst Master Kenobi has suggested that the price of Dogecoin (DOGE) could rise to as much as $2, with its market cap potentially supplanting those of Solana (SOL), Binance Coin (BNB), and even Tether (USDT) to make it the third most valuable cryptocurrency in the market. The assessment comes in the wake of the...Read More
Solana (SOL) has surpassed Binance Coin (BNB) to become the fourth-largest cryptocurrency by market valuation. The achievement comes amidst a marketwide surge that saw several major altcoins explode, with the leading cryptocurrency, Bitcoin (BTC), hitting a new all-time high (ATH) price of over $75,000. Solana’s Weekly Performance Outshines Market Solana’s jump was solidified by a...Read More
Changpeng Zhao, the founder and former CEO of the world’s largest cryptocurrency exchange, has served his four-month prison sentence and has been released from custody as of Friday. Although he has stepped down as the chief executive of Binance, he is still the largest stakeholder. Recall the events that took place almost a year ago...Read More
On Sept. 27, Fortune reported that Changpeng Zhao (CZ) will step out onto the streets of California as a free man two days before his official release date. The outlet reported that if a release date falls on a weekend, inmates leave custody early. CZ was scheduled for release on Sept. 29 following four months...Read More
The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming, on Friday, markets expected more signals of a regime of interest rate cutting ahead. Instead, he went a step further and explicitly endorsed rate cuts. In...Read More
Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021. Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from...Read More
BNB Chain has launched a Rollup-as-a-Service (RaaS) solution that aims to enable large-scale Dapps, enterprises, and BNB Chain itself to construct customized Layer 2 solutions. The latest move aligns with BNB Chain’s 2023 roadmap, which involves expanding the ecosystem with a secure multichain strategy, among other aspects. BNB’s Rollup-as-a-Service (RaaS) Solution According to the official...Read More
Binance’s native cryptocurrency, BNB, soared to its highest level since November 2022, climbing to over $380, renewing optimism among investors after legal struggles and CZ stepping down from its CEO position. BNB remains the fourth-largest cryptocurrency by market capitalization, peaking at $386 —a 7.70% gain over the past week, according to CoinMarketCap data. Most market...Read More
Changpeng Zhao – CEO of Binance – dismissed the speculation that the popular TV personality Jim Cramer declared his approval of the largest cryptocurrency exchange. Some crypto proponents joked that this is actually good news for the trading venue, considering Cramer’s controversial statements and predictions in the past. The host of CNBC’s “Mad Money” has...Read More
A crypto wallet connected to the October 2022 BNB Chain $600 million exploit has lost roughly $63 million on the decentralized lending platform Venus Protocol due to liquidation that resulted from the massive bloodbath in the market yesterday. According to a series of tweets by blockchain security firm PeckShield, the exploiter’s wallet was first liquidated...Read More
The cryptocurrency data aggregator CoinGecko added a new section on its website showing the top 48 crypto assets deemed securities by the US SEC. The combined market capitalization of those digital currencies is currently over $91 billion, representing 7.5% of the whole $1.21 billion cap. CoinGecko introduced a new index that tracks the performance of some...Read More
The world’s largest cryptocurrency exchange – Binance – completed its 24th quarterly burn of its native token, burning 1,991,854 BNB. The development, carried out every three months, should help the company reduce the overall supply of the coin to 100 million. Binance informed that its most recent BNB burn equaled approximately $484 million. The process also...Read More
Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs. Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.” The new solution will allow users to confirm their transactions on the Bitcoin network quicker regardless of any potential network congestion issues,...Read More
The BNB Chain core team is set to take over a substantial Binance Coin (BNB) loan position belonging to the decentralized lending platform Venus Protocol as it approaches its liquidation threshold. The $150 million BNB loan belonged to a hacker who exploited a cross-chain infrastructure on the BNB Chain in October 2022, resulting in the...Read More
If American regulators were aiming to crash crypto markets and generate losses by instilling fear in investors, they are achieving their goal. Cryptocurrency markets have shed $55 billion or around 5% since the Securities and Exchange Commission sued Binance for violating securities laws. As a result, total capitalization has dropped to $1.13 trillion, its lowest...Read More
The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US – Silicon Valley Bank – experienced what was essentially a bank run and was forced to shut down by authorities to prevent further panic. The government, in the face of the Federal Reserve and the...Read More
The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake. It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute. Binance vowed to airdrop $100 in...Read More
Industry leader Binance has shared its principles on how the fiasco can be avoided in the future. On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements that his and every other centralized exchange should adopt in order to ensure user trust. He also said he is working with industry partners to...Read More
Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose is to grant customers maximum protection in case of another possible negative event. Changpeng Zhao (CZ) tweeted that his trading venue topped...Read More
On Oct. 26, crypto giant Binance announced Binance Oracle, a new service that will source, verify, and feed off-chain data to smart contracts running on the BNB Chain. The company claims that the Oracles will provide a “more reliable, secure, and accurate data sourcing solution for smart contracts.” The new service, which launches this month,...Read More
Cryptocurrency exchange Binance has announced completing the 20th quarterly burn of its native token, BNB. According to the official blog post, nearly 1.96M BNB (around $444.6 million) was burned in the process, marking its third quarterly burn through the relatively new “auto-burn” feature. The previous BNB burns reflected the tokens’ usage and revenue generated in...Read More
Despite the crypto markets plunging again after a short-lived run sending Bitcoin above the $32,000 level, Changpeng Zhao (CZ) – the CEO of the largest crypto exchange by trading volume – reiterated his bullish view on the industry in the long run. He insisted that the asset is an investment as well as a currency,...Read More
FTX’s CEO Sam Bankman-Fried (SBF) posted a thread of tweets where he examined the BNB burning mechanism – shortly after Binance’s cryptocurrency went through its 19th scheduled burn. The 30-year-old CEO concluded that the “burn doesn’t drive price,” but “price drives burn.” CryptoPotato reported earlier this week the latest burning of BNB, in which more than $740...Read More
The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the trading venue – argued that the process proves the deflationary nature of the asset. BNB Chain (BNB) – the native token of the world’s largest...Read More
The cryptocurrency exchange giant Binance announced the implementation of a new BNB Auto-Burn mechanism. The aim is to provide greater transparency and predictability to the BNB community. BNB Auto-Burn is also designed to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities. According to...Read More
Binance Smart Chain (BSC) recently activated BEP-95, which integrates a real-time burning mechanism into its tokenomic structure. From now on, a fixed ratio of gas fees collected by BSC validators will be burned in each block. The Real-Time Burn Begins BSC announced the new mechanism’s launch over Twitter earlier this week. Its burn ratio –...Read More
Binance recently completed its 17th token burn. Over 1 million BNB were removed from circulation, comparable to previous burns. However, due to increased token value, this is the highest value burn of BNB to date. Binance announced the recent burn on their site earlier today – the 17th burn since the first in October 2017....Read More
Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level...Read More
Binance announced the completion of the 15th BNB burn earlier today of just shy of 1.1 million tokens. Although the amount in coins has substantially declined compared to the past several such events, it set a record in terms of USD with almost $600 million. The announcement from the Malta-based cryptocurrency exchange from earlier today...Read More
It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world....Read More
