In brief: Binance Coin whales holding 100,000 or more BNB have increased from 26 to 48 in 6 months This is an increment of 84.6% in half a year Activity on the Binance Smart Chain continues to skyrocket Binance Coin will continue to thrive due to increased use of the...
In brief: According to CZ, the 15th BNB coin burn will happen in a month or so Yesterday, Binance Coin dipped by 14% as news broke of the US CFTC investigating the exchange One year ago, Binance Coin was trading at $6.40 due to the Coronavirus dip of mid-March BNB...
Binance Coin is consolidating at the 200-day moving average Binance Coin has a scheduled coin burn in the next few days that should provide some enthusiasm surrounding BNB The last quarterly coin burn was in April and resulted in the destruction of 1.099M BNB worth $595.3 million Binance has committed...
Summary: Binance is creating jobs for the youth in El Salvador as a way of helping with gang issues in the country According to CZ, in the last two weeks, Binance has hired 7 staff, sent out 13 job offers, and posted over 50 openings President Nayib Bukele is committed...
Suggested: The Binance team has refuted claims by Reuters that the crypto exchange is a hub for hackers, fraudsters, and drug traffickers. Binance states that it is at the forefront of the fight against global money laundering. The team at the exchange also added that crypto transactions are very traceable,...
In brief: Crypto traders on Binance received a quick announcement of the delisting of Stable USD (USDS). The delisting was to be effective June 24th at 7 am (UTC). Deposits and withdrawals of USDS are now suspended. Users’ balances of USDS on the exchange will be converted to Binance USD...
Quick take: Binance has carried outs its highest quarterly coin burn to date 3,619,888 BNB or $165,791,000 worth of BNB, was removed from circulation forever Binance has released details of its new accelerated BNB coin burn program The old plan would take 27 years to complete with the accelerated version...
Key takeaways: Binance has released over 50 pages of email records between its cyber security team and Reuters journalists investigating the exchange for being a hub for laundering ill-gotten crypto. CZ has requested the crypto community to seek the truth about the saga with Reuters. Binance has reiterated that crypto...
Summary: Binance has received in-principle approval to operate in Abu Dhabi as a broker-dealer in digital assets However, Binance needs to complete the application process A full license means Binance will provide virtual asset services to customers across the Middle East and Northern Africa (MENA) UAE has proven to attract...
Key takeaways: Binance has stopped deposits and withdrawals of EGLD to investigate what it calls a potential security issue on the Elrond Network. Yesterday, a hack was reported on the Elrond Network resulting in the loss of $1.65 million worth of EGLD that was later sold on the Maiar Decentralized...
Binance recently carried out its 16th BNB coin burn worth $393,673,653 This was the second coin burn of 2021 with the 15th coin burn (Q1) being worth $595,314,380 The two coin burns add up to a total of roughly $1 Billion of BNB destroyed The reduction in supply is bullish...
