Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year

Binance CEO Richard Teng now expects the price of bitcoin to surpass his earlier estimate of $80,000 this year. The executive anticipates continued significant inflows into U.S. spot bitcoin exchange-traded funds (ETFs) as endowments and family offices increase bitcoin exposure in their investment portfolios. Binance CEO Teng’s Bitcoin Price Prediction Binance CEO Richard Teng shared […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Binance launches investigation into BOME insider trading allegations

Crypto exchange Binance recently announced the initiation of a detailed investigation into the claims concerning Book of Meme (BOME), a Solana-based meme coin.  This move came in response to allegations and community discussions about possible insider trading linked to the “BOME rat warehouse” incident. The exchange made an official statement on the X platform highlighting its commitment to market fairness and transparency and emphasizing the immediate start of an internal inquiry following these allegations. The announcement from Binance indicated that the investigation was triggered by concerns over potential insider trading…

Binance CEO sees Bitcoin soaring above $80k as demand continues to come

Binance CEO Richard Teng predicts Bitcoin’s value will surpass the $80,000 mark amid increasing investments in crypto-backed exchange-traded funds. Binance CEO Richard Teng foresees Bitcoin’s price surpassing the $80,000 mark amid a surge in investments in crypto-backed exchange-traded funds (ETFs), Bloomberg reports. Teng, who became Binance CEO following the departure of the exchange’s founder Changpeng Zhao in November 2023, emphasized the substantial influx of capital from institutional investors into spot Bitcoin ETFs, particularly following regulatory approval for such products earlier this year by the U.S. Securities and Exchange Commission. Expressing…

Book of Meme skyrockets 345% in 24hrs, Binance responds

Meme coin sensation Book of Meme (BOME) enjoyed a 345% increase in value over the past 24 hours, bringing its price to $0.02703.  The coin’s trading volume has soared by 262% to reach $3.8 billion, placing it at ninth on the list of the most-traded cryptocurrencies in the market today.  Since its market debut on March 14, BOME has experienced a meteoric rise from its all-time low of $0.00005848, jumping more than 39,000% within just 48 hours.  BOME 24-hr price chart | Source: CoinGecko This surge has catapulted BOME’s market…

Binance Says Nigeria Is Not Yet One of Its Top Markets

Nigeria is not yet among Binance’s top markets despite being a leading global crypto market. However, the crypto exchange said it recognizes the West African country’s “extraordinary potential,” which is one reason why it is eager to invest there. ‘Extraordinary Potential’ The cryptocurrency exchange Binance has clarified that Nigeria, despite being one of the world’s […] Source CryptoX Portal

World’s Leading Crypto Exchange Binance Distances Itself From Its Investment Arm, Binance Labs: Report

The world’s largest crypto exchange by volume is reportedly severing ties with its multi-billion-dollar investment branch. According to a new report by Bloomberg, since taking the helm from disgraced Binance co-founder Changpeng Zhao, Binance CEO Richard Teng has pushed Binance Labs – the crypto exchange’s investment arm – into a separate company. Disclaimer text found on Binance Lab’s official website states that the $10 billion investment firm is not a part of Binance. “Binance Labs is an independent venture and not part of the Binance Group nor is it involved…

Binance Labs Has Become Independent of Crypto Exchange Binance: Bloomberg

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BNB Price Soars As Binance Smart Chain Implements “BEP 336” Upgrade, Inspired By Ethereum’s Dencun

Binance Smart Chain (BSC), commonly known as BNB Chain, has announced the “BEP 336 upgrade”, inspired by Ethereum’s Dencun upgrade (EIP 4844), which aims to optimize data storage and processing on the blockchain. The upgrade is expected to significantly reduce transaction costs, improve network performance, and drive the price of Binance Coin (BNB) towards its previous all-time high (ATH) of $686, reached in May 2021. BNB Smart Chain Cost-Effective Data Solution According to the protocol’s announcement, BEP 336 introduces an innovative concept called “Blob-Carrying Transactions” (BlobTx) that will change how…