The looming prospect of a U.S. Department of Justice (DOJ) action against Binance, the largest crypto exchange, may hold a silver lining for Bitcoin and the broader markets. Even if this sounds crazy at first, there are good arguments for it. Rumors have been swirling for weeks about a potential DOJ action against Binance, a…
According to Japanese-based crypto media outlet Coinpost, Binance will launch in Japan fully this month and intends to list 34 tokens on its exchange. This means the platform will offer more tokens than its local competitors in Japan, with major domestic exchanges Bitbank, GMO Coin, and Coincheck listing 30, 36, and 22 tokens, respectively. The…
Today, Bitcoin took another dive, this time to its lowest level since June 21. A check on Bitfinex reveals a BTC price slump to $28,641. Coinbase, America’s largest crypto exchange, reported an even more drastic drop to $28,478. Although the price bounced back slightly to hover just below $29,000 (-1.4% in the last 24 hours),…
Binance, the world’s largest crypto exchange by trading volume, recently announced that it had secured a license to operate in Dubai after meeting the conditions needed for the grant of an Operational Minimum Viable Product (MVP) license. The firm has emerged as the premier platform to secure the highly coveted accreditation from Dubai’s Virtual Asset…
First Digital USD (FDUSD), a newly introduced stablecoin scheduled to make its debut on Binance on Wednesday has now faced a halt due to technical difficulties. A Bumpy Start To The FDUSD Journey The expected listing of FDUSD on Binance was initially set for July 26, 2023. To incentivize traders, Binance planned to offer zero…
As of July 25, on-chain data indicates that the hash rate dedicated to the Litecoin network for mining from Binance Pool, a platform focused on improving miners’ income, is down by over 50% in the past seven months. In crypto mining, hash rate is the cumulative computing power funneled to a proof-of-work network like Bitcoin, Litecoin, or…
On July 24, 2023, Coinglass data revealed that over $41 million worth of Bitcoin long and short leveraged positions were liquidated as the BTC prices unexpectedly crashed below a consolidation level of around $29,500, shrinking by over 4%. The drop below the primary support is heaping pressure on the coin. It may draw more selling pressure…
Binance, the world’s largest cryptocurrency exchange, has now listed Worldcoin (WLD), the much-anticipated digital asset founded by Sam Altman, the CEO of OpenAI. This listing has garnered immense attention from the global crypto community, with investors eager to participate in this new venture. The listing, announced today at 12:00 will include trading pairs such as…
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…