Tag Archives: Binance

Crypto analyst Ali Martinez has warned of a potential correction for SOL. The price of Solana (SOL) has experienced a 7% decline over 24 hours. However, at the time of writing the fall is not so critical. The coin is around 1% down. The Solana price today is approximately $60 despite the recent market corrections that saw the price of Bitcoin (BTC) and Ethereum (ETH) rise to $42000 and $2200 respectively for the first time since last year. According to CoinMarketCap data, the crypto asset,...

Reuters said the launch of the BTC and Ether trading services by Unibanco comes a few months after two of the country’s companies exited the crypto market.  Brazilian banking giant Itau Unibanco has joined the crypto bandwagon with the launch of digital asset trading services for customers as part of its investment platforms, Reuters reported Monday, citing an interview with the company’s digital asset head Guto Antunes. According to the report, the financial services company, standing as...

Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR. As Binance...

The world’s largest cryptocurrency exchange, Binance, has experienced ailing on-chain activities since its $4.3 billion settlement with the United States Department of Justice (DOJ) less than two weeks ago. According to a report by market analytics platform CryptoQuant, Binance’s reserves have steadily declined as users continue to withdraw their assets. Binance Reserves Decline Binance’s reserves have witnessed a 20% drawdown from their all-time high, accounting for the...

TON is set to receive a $20,000 grant from KuCoin’s investment arm to support the exchange’s efforts at building GameFi and payment-based mini apps. KuCoin Ventures, the investment arm of Seychelles-based crypto exchange KuCoin, has announced a partnership with The Open Network (TON) Foundation. The exchange platform’s investment arm plans to award a grant of $20,000 to help fortify and expand the TON ecosystem. This collaboration signals a significant milestone in encouraging...

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX...

With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January. The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high note. During the early New York trading session on Friday, Bitcoin price reached a new yearly high of around $38.8k, thus rejuvenating the $40k...

Despite the ongoing legal battle with CZ Binance and the US government, market experts believe the company will continue to maintain its position as the biggest crypto exchange in the world.  Changpeng Zhao (CZ), the founder and former CEO of the world’s largest cryptocurrency exchange Binance has hired Matthew Diggs, an ex-prosecutor in the United States with years of criminal and regulatory experience, to defend his interests in the ongoing settlement saga with the government. Recall...

TL;DR Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market share briefly dropped to nearly 40% following these regulatory issues, but the exchange continues to dominate among 23 other marketplaces. Binance recently decided to delist four cryptocurrencies, including...

TL;DR Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more...