Monday , January 30 2023
Home / Tag Archives: Binance (page 30)

Tag Archives: Binance

Binance Smart Chain Unique Addresses Triple in a Week as Investors Seek Cheaper Ethereum Alternatives

Ethereum transaction fees continue to be rather expensive as the network works at a 98% capacity. This has apparently caused users to seek more efficient alternatives, and Binance Smart Chain (BSC) is becoming particularly popular.Binance Smart Chain Rising in PopularityTransaction fees on Ethereum are getting particularly high. Gas costs escalate as users flood the DeFi markets in search of high yields and the “next 100x gem on Uniswap.”This has led to the notion that DeFi is only profitable...

Read More »

‘Tai Chi’ Document Saga: Binance Drops Lawsuit Against Forbes

In a document filed with the United States District Court of New Jersey, Binance dropped the lawsuit filed against Forbes in November 2020. The case was in response to Forbes’ story, where it alleged that the cryptocurrency exchange was brewing plans to exploit United States investors through a sham company.Binance, through its attorneys, Peter J. Pizzi and Selina M. Ellis, have now dropped its defamation lawsuit, which was filed against Forbes last year. The new document calls for a...

Read More »

Binance Latest IEO SafePal (SFP) Skyrockets 1800% Upon Listing

It appears that the IEO season is coming back as the newest project that saw its listing on the Binance Launchpad charted massive gains of about 1800% upon being launched.Binance IEO SafePal (SFP) Goes ParabolicInvestors in the latest Initial Exchange Offering (IEO) that took place on the Binance Launchpad platform saw handsome gains of up to 1800%.SafePal (SFP) saw its listing price at $0.10 and skyrocketed up to $1.9 in the first moments after its listing. While it can be argued that it’s...

Read More »

Binance Experience Severe Technical Issues as BTC Breaks Above $44K

Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance.CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated $1.5 billion in Bitcoin in January 2021, per a Form 10-K filed with the Securities and Exchange Commission...

Read More »

Binance Coin (BNB) Tops $60 For A New ATH, While CZ Says ‘It’s Just The Beginning’

Binance Coin, the native token of the world’s leading crypto exchange Binance, has been surging in the past several days to new all-time high records. Despite jumping above $60 earlier today, company CEO Changpeng Zhao urged people to stay calm as this is “just the beginning.”BNB’s Painted A New ATHWhile bitcoin and some altcoins, such as ETH, DOT, and LINK, took center stage during the recent bull run, Binance Coin seemed rather neglected. Although BNB had also increased in value since early...

Read More »

Binance Pay Beta Launched: Will It Turn Into The Crypto PayPal?

The world’s leading cryptocurrency exchange by trading volume, Binance, has launched a beta version of a contactless and borderless crypto payments product by the name of Binance Pay. The exchange will enable its users to send and receive crypto payments worldwide, similarly to PayPal.The Crypto PayPal?Presented earlier today by the company’s CEO, Changpeng Zhao, Binance will launch its latest product – the Binance Pay. Currently, in a beta stage.“Binance Pay is a basket product that we plan...

Read More »

IDEX Launches on Binance Smart Chain (BSC): Aims To Lower The Transaction Fees

By employing its recently-launched multi-chain solution for exporting data to new blockchains, the decentralized exchange IDEX has launched a Binance Smart Chain trading infrastructure. As a result, the platform will onboard new assets and reduce trade settlement costs sharply.IDEX Joins Binance Smart ChainLaunched last year, the Binance Smart Chain (BSC) blockchain works in parallel with Binance Chain to support smart contracts functionality. The latest integration to BSC comes on behalf of...

Read More »

Binance, Kraken, and Bittrex Experienced Technical Issues Amid Bitcoin Rollercoaster

After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem.CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed in a matter of minutes after Tesla’s CEO Elon Musk updated his Twitter profile to include only...

Read More »

Russia’s Sberbank Seeks Approval To Launch Its Own Cryptocurrency

Giant state-owned Russian bank Sberbank has reportedly sought approval from the nation’s central bank to launch its own cryptocurrency through a blockchain platform.Separately, a Russian court has removed the leading crypto exchange Binance from a regulator’s blacklist.Sberbank Looks Into Launching Its Own Crypto?According to the local coverage, Sberbank of Russia, one of the largest banks in the world’s largest country by landmass, has applied with the central bank to register a blockchain...

Read More »

DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

The decentralized finance sector continues to grow with an impressive all-time high of over $24 billion locked. Additionally, the Binance DeFi Composite Index, measuring the performance of numerous DeFi coins, also marked a new ATH today.Binance DeFi Index To New HighsLaunched in August 2020, the DeFi Composite Index tracks and measures the performance of “a basket” of DeFi assets in what the company described as a “standardized way.”“The composite price indices are combinations of different...

Read More »