Tag: Binance

Ethereum Sees Neutral Netflow On Binance: What Does This Signal?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Onchain Analyst: Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike

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According to the creator of timechainindex.com, Binance, one of the leading cryptocurrency exchanges, has recently experienced “significant outflows.” This activity has reportedly prompted the platform to tap into its cold wallet reserves to manage the situation. $334 Billion in Play: Centralized Exchanges Face Onchain Scrutiny Amid Bitcoin Highs The chatter on the onchain grapevine suggests […] Original

Binance Pool launches fractal BTC mining starting Nov. 18

Users can now participate in BTC mining on Binance Pool and earn rewards in the form of Fractal Bitcoin. Though, the exchange has no plans to list the FB token any time soon. In a recent announcement, Binance introduced a new feature on Binance Pool that supports merged mining for Fractal Bitcoin. Fractal Bitcoin is a layer 2 side-chain Bitcoin(BTC) scaling solution which uses the Bitcoin core code to “scale unlimited layers on top of the world’s most secure and most-held blockchain,” according to the official website. Binance Pool’s Fractal…

FTX Targets Binance and CZ With $1.8 Billion Clawback

Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly fraudulent transfers. The following opinion editorial was written by Alex Forehand and Michael […] Source CryptoX Portal

Holders Less Likely to Sell Low Cap Meme Coins Knowing Binance, Coinbase Listings Could Happen – Could PEPU, STARS List Next?

As Binance welcomes obscure, lower-market-cap meme coins, the opportunity for everyday retail traders to make life-changing money is growing. Peanut the Squirrel and ACT I: The AI Prophecy were listed this week, but traders are now looking for what’s next, and Pepe Unchained and Crypto All-Stars keep coming up in conversation. Binance Listing Spree Injects […] Source CryptoX Portal

Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally

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Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market. In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC/USDT pair. This increase has highlighted an intense period of market engagement, with leading exchanges, particularly Binance, at the forefront of this trading frenzy. Record Trading Volumes And Market Volatility Risks A CryptoQuant analyst known as Crazzyblockk shared insights into the trading frenzy phenomenon, noting that the futures…

80% of memecoins pumped after Binance listing in 2024

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The cryptocurrency exchange Binance saw significant price increases for several memecoins listed on its platform in 2024. On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw significant increases in value after going live on the exchange.  Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw prices appreciate over 200% after their Binance listing, with the Neiro (NEIRO) memecoin pumping by almost 7,600% after going live on the exchange. Memecoins listed on Binance in 2024. Source:…