Tag: Binance

Binance to list Celestia with unique risk mitigation measures

Binance announces the listing of Celestia (TIA) along with enhanced risk management features, including a mandatory quiz for traders interested in tokens marked with a “Seed Tag.” Celestia (TIA) has been pre-listed on decentralized exchanges, and it’s currently trading at $3.15 on Halix. Celestia aims to transform blockchain scalability by separating execution from consensus, thereby introducing a new model known as data availability sampling. The network allows for the creation of modular blockchains, offering secure scalability as the user base grows. Binance has announced the listing of Celestia (TIA), a…

19,197 BTC Makes Its Way Out Of Binance, Trigger For Bitcoin Recovery?

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A massive amount of 19,197 BTC worth $652 million recently made its way out of Binance all at once, triggering a curious reaction from Bitcoin investors. The timing of the transfer is interesting, as Bitcoin is currently trading in a range and is looking to break the $35,000 resistance level.  The big question is whether the whale behind the transfer plans to hold or sell, but recent price action points to the former. Massive Amount Of BTC Leaves Binance Recent data has shown Bitcoin trading volume on crypto exchanges recently…

CME becomes second-largest Bitcoin futures exchange, surpassing Binance

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CME’s notional open interest has surged to $3.57 billion, securing its position as the second-largest exchange in the trading of standard Bitcoin and perpetual futures. The Chicago Mercantile Exchange (CME), a regulated entity, is ascending the ranks among the largest exchanges for Bitcoin (BTC) futures and perpetual futures trading by open interest, evoking memories of the initial phases of the 2020-2021 bull market. According to Coinglass, CME has seen its notional open interest (OI) rise to $3.57 billion, elevating it to the second-largest Bitcoin futures exchange from its previous fourth-place…

Binance CEO reportedly lost $12b amid regulatory problems

The fortune of the founder and head of the largest crypto exchange, Binance, Changpeng Zhao, decreased by $12 billion amid problems with the trading platform. The Bloomberg Billionaires Index cut its earnings estimate for the Binance cryptocurrency exchange by 38% amid falling platform sales. As a result, Zhao’s wealth decreased by $11.9 billion to $17.3 billion. In addition to losing his fortune, Zhao reset the wealth of the founder of the FTX crypto exchange, Sam Bankman-Fried. In November 2022, the founder of Binance announced that he was liquidating the token…

Binance Welcomes Memecoin (MEME) as 39th Project on Launchpool

Following the farming period, Binance is all set to list MEME on November 3, 2023, at 08:00 (UTC). Binance, one of the world’s leading crypto exchanges, is excited to announce Memecoin (MEME) as its 39th project on Binance Launchpool. MEME is the native ecosystem token of Memeland, a Web3 venture studio created by 9GAG, the globally popular meme platform.  Memecoin on Binance Launchpool Starting today, Binance users will have the opportunity to stake their Binance Coin (BNB), TUSD (TrueUSD), and FDUSD into separate pools to farm MEME tokens. This farming…

Binance Founder CZ’s Fortunes Plummet By $12 Billion Amidst Downturn in Crypto Trading

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Changpeng Zhao, widely known as CZ and the founder of Binance, one of the largest cryptocurrency exchanges, has suffered a significant blow to his fortune. According to a recent Bloomberg report, CZ’s wealth plummeted by $12 billion due to the ongoing slump in crypto-trading activities.  Per the report, this decline was primarily attributed to a sharp drop in trading volumes at Binance throughout the year. CZ’s Financial Losses The Bloomberg Billionaires Index revised its revenue estimates for Binance, slashing it by 38% after data revealed a decline in trading volumes…

Binance founder CZ’s fortune gets slashed $12B, while SBF is still at $0

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Binance co-founder and CEO Changpeng “CZ” Zhao has seen his net worth slashed by $11.9 billion amid falling trading volumes at his exchange. On Oct. 26, the Bloomberg Billionaires Index cut Binance’s revenue estimates by 38% amid a slump in exchange volumes which knocked Zhao down to 95th place on the rich list. Zhao’s net worth is now a paltry $17.3 billion, registering an 82% drop from its $96.9 billion peak in January 2022, where he was ranked 11th among the world’s richest people. Zhao’s net worth peaked at $96.9…

Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin That’s Surged Over 50% in a Week

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The world’s largest crypto exchange platform by volume is launching futures trading for one Ethereum (ETH)-based altcoin that’s jumped over 50% in a week. In a new announcement, crypto exchange Binance says that it will be launching futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy market built on top of ETH that democratizes energy tokens. According to Powerledger’s official website, the crypto asset aims to aid the decentralization of the energy grid, help transition toward renewable energy, and help consumers keep track of their power…