Binance, the world’s largest cryptocurrency exchange, just completed its quarterly BNB burn, destroying $480 million worth of its native BNB token. According to the company’s blog post, 1,991,854.33 BNB was recently burned in its 24th quarterly BNB burn, with 747.51 BNB going through the Pioneer Burn Program. Binance Completes 24th Quarterly BNB Burn BNB Chain’s…
Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it seems the crypto exchange is beginning to find its footing once more amid regulatory wolves circling, its native token is still under immense selling pressure. This is evidenced…
BNB price (Binance coin) is rising above $245 against the US Dollar. The price could start a strong increase if it clears the $250 and $255 resistance levels. Binance coin price is attempting a fresh increase from the $232 zone against the US Dollar. The price is now trading above $240 and the 100 simple…
BNB price (Binance coin) is recovering above $240 against the US Dollar. The price might gain bullish momentum if it clears $250 and $255. Binance coin price is attempting a recovery wave above $232 against the US Dollar. The price is now trading below $240 and the 100 simple moving average (4 hours). There was…
BNB, a native token of the Binance exchange, has seen a massive decline in its market shares following the global regulatory pressure on the trading platform. Binance began experiencing regulatory troubles on June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against the exchange on the allegations of fraud and…
In the crypto market, keeping an eye on the moves of the ‘whales’ – individuals or entities holding large quantities of digital assets, can often provide insights into asset market trends such as Ethereum (ETH) and PEPE. Earlier today, blockchain tracking firm Lookonchain spotted a major shift involving a substantial exchange between leading cryptocurrencies. The…
Binance Coin (BNB), the native token of the Binance ecosystem, has faced significant challenges in the wake of the recent lawsuits filed by the US Securities and Exchange Commission (SEC) against both crypto exchange Binance and Coinbase. These regulatory actions have had a profound impact on the cryptocurrency market, stifling any potential upward momentum. As a…
BNB price (Binance coin) is recovering above $240 against the US Dollar. The price might gain bullish momentum if it clears $260 and $270. Binance coin price is attempting a recovery wave above $240 against the US Dollar. The price is now trading below $260 and the 100 simple moving average (4 hours). There is…
Binance Coin (BNB), the native token of the Binance exchange, has recently experienced a period of sideways movement. Despite reaching a weekly high of $307 on June 4th, BNB’s price has encountered resistance and is currently trading at $246.2. This article provides an analysis of the recent price action, discusses the potential reasons behind BNB’s…
BNB price (Binance coin) is slowly recovering above $245 against the US Dollar. The price might face heavy resistance near $268 and $270. Binance coin price is attempting a recovery wave above $230 against the US Dollar. The price is now trading below $280 and the 100 simple moving average (4 hours). There was a…