Binance

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Binance burned $400 million worth of BNB in its token burn event

Binance, the world’s largest cryptocurrency exchange, has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million in BNB. Binance announced on July 18 that it had destroyed 1,296,728 BNB tokens worth just under $400 million. A total of 5,163 BNB were destroyed through the exchange’s Pioneer Burn Program, which is designed to […]

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British users on Binance reporting issues with the Fiat ramps, banks, and credit cards

Customers in the United Kingdom have claimed that they have been locked out of GBP withdrawals via the Faster Payments network. With bank card-linked transactions also experiencing issues. Just days after the British regulator ordered Binance to stop offering fiat-based services in the country. The Financial Conduct Authority (FCA) ordered Binance’s UK operations to stop […]

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Binance CEO Wishes More Defi-Based Ethereum Projects to Join His Platform

Changpeng Zhao, CEO of Binance, welcomed more DeFi projects based at Ethereum to join the Binance Smart Chain (BSC) platform. In a tweet discussion with another user, Zhao explained that this step would lower the load on the Ethereum network, which in turn will lead to a reduction in the gas fees for Ethereum. Zhao […]

Three Women's Binance Award Nominees Get Blocked From Instagram

Three Women’s Binance Award Nominees Get Blocked From Instagram

The only woman recently nominated for the Binance Influencer Awards was Rachel Siegel, also known as CryptoFinally. She alleges that she and two other female crypto-influencers were de-platformed from Instagram after criticizing the under-representation of women in the Blockchain industry. The other females that are allegedly targeted are TechWithCatalina and GirlGoneCrypto. Questioning the status quo […]

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

The price of Bitcoin increased over a 24-hour span by more than 10 percent, rising from $7,020 to $7,770 on both spot and futures exchanges. But, BTC shows all three signs that the upsurge was a trap for bulls. Before the rebound, negative futures funding levels, Bitcoin altcoins struggling to run front. And the BTC […]

Bitcoin price didn't crash 60% due to coronavirus says binance ceo

Bitcoin Price didn’t Fall 60% Less due to Coronavirus, Says Binance CEO

The Coronavirus pandemic was all around the world like fire. And this is what that ignited the current global economic meltdown, not its cause, the Binance’s CEO says. As per the blog post published on March 20, Changpeng Zhao, famous as “CZ” in crypto-verse, argued that coronavirus shows the world how weak our economy is. […]

Binance P2P adds five new fiat currencies in lating america

Binance P2P Adds Five New Fiat Currencies in Latin America

Cryptocurrency exchange Binance has rolled our peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian Real (BRL), Argentine peso (ARS), Colombian peso (COP), Mexican peso (MXN) and Peruvian Sol (PEN). Supported cryptocurrencies include Bitcoin, Ether, Tether, Binance […]

Binance and WazirX sets up $50M

Binance & WazirX Sets Up $50M Indian Blockchain Fund to Foster Growth

Global decentralized cryptocurrency exchange Binance Group and WazirX are going to share the same stage to foster the growth of the Indian startup ecosystem. The collaboration has set up a $50 million (Rs 370 Crore) blockchain technology fund for India weeks after the Supreme Court struck down the curbs on cryptocurrency trade in the country. […]

ETH-based developer crowdfunding platform joins fight against coronavirus

ETH-based Developer Crowdfunding Platform Joins Fight Against Coronavirus

The proliferation of cryptocurrency companies seeking to donate or raise funds for coronavirus relief efforts continues. The ethereum-based crowdfunding platform, Gitcoin, is advancing this trend by pledging at least $50,000 in development grants toward coronavirus-related initiatives. On March 14, Gitcoin tweeted that its fifth round of grants already has $50,000 committed toward “public health” initiatives. […]