The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
The cumulative volume delta (CVD) indicator show traders from Binance have led the so-called “sell-the-fact” pullback in bitcoin. Source
“With the full operation of Binance TH by our Thai joint venture to the general public in Thailand, we will uphold our unwavering commitment to security, transparency, and service quality. Blockchain technology and digital assets carry the power to bring about financial inclusion,” Richard Teng, CEO of Binance, added in a release. “This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.” Source
Binance Research highlights potential 2024 crypto trends, including Bitcoin halving, AI integration, and institutional adoption. In their 2024 analysis, Binance Research outlines several trends that may influence Bitcoin (BTC) and the broader cryptocurrency market. One key focus is the upcoming Bitcoin halving event, historically associated with significant market movements, although it’s emphasized that this is not a guaranteed cause-and-effect scenario. #Binance Research is delighted to announce the release of our comprehensive industry year-in-review report. We uncover the top crypto industry dynamics of 2023 and discuss key trends as we head…
The Binance report revealed that on-chain metrics indicated a remarkable resurgence in gaming activity in 2023. Binance, the world’s largest cryptocurrency exchange by trading volume, has released its yearly report on the digital assets industry for 2023 and a possible outlook for the new year. In a blog post published on January 15, 2024, the company revealed that the industry witnessed a significant comeback with a 109% increase in total market capitalization after the year-long turbulence in 2022. Market Resilience amidst Turbulence The report, authored by the Binance research team, JieXuan…
Binance customers may have received an SMS last week encouraging them to participate in a new lottery to win up to 100 EUR in cryptocurrencies. Although these texts appeared in threads with official announcements from the exchange, they turned out to be scams. The platform is aware of such phishing attempts but admits it is powerless to stop them. At the end of last week, Binance customers received SMS messages about winning in the “Binance Mystery Box.” The texts informed that up to €100 in tokens were available for claiming…
Apple has reportedly booted out several crypto exchanges from its app store in India amid allegations that most of these platforms are illegally operating in the country. TechCrunch reports that Binance, Kraken, Huobi, Gate.io, Bittrex, Bitfinex and OKX’s apps are no longer accessible on Apple’s India app store, though customers who have already installed them on their devices can still use them. The development comes after the nation’s Financial Intelligence Unit (FIU) accused Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXCGlobal and Bitfinex of violating the Prevention of Money Laundering…
OKX, another prominent offshore cryptocurrency exchange, has also been removed from the Apple India app store even though it wasn’t sent a show cause notice. Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges that were sent notices. Source
XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment, and the remaining are neutral. The attention towards XAI is likely caused by today’s Binance announcement that the token would be listed on the platform. Still, the positive sentiment surrounding…
Top global crypto exchange Binance plans to list an upcoming gaming altcoin via its Launchpool platform. Binance Launchpool allows users to stake coins to farm new assets, the platform’s 43rd project will be the gaming blockchain Xai (XAI), which the exchange plans to list on January 9th. Between January 5th and the 9th, Binance users can stake BNB as well as the stablecoins First Digital USD (FDUSD) and TrueUSD (TUSD) into separate pools to farm XAI tokens. Binance says it will attach a seed tag to XAI, which the exchange…