Tag: Binance

Binance ‘Working Collaboratively’ With Nigerian Government to Free Detained Executive, Compliance Chief Says

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Detained Binance Executive Pleads Not Guilty; Nigerian Judge Sends Him to Prison

The Binance executive detained by Nigerian authorities for nearly six weeks has pleaded not guilty to charges of money laundering. Binance expressed deep disappointment that Tigran Gambaryan, who holds no decision-making power within the company, remains in detention. Judge Dismisses Tigran Gambaryan’s Arguments Tigran Gambaryan, a detained executive from Binance, pleaded not guilty to money […] Source CryptoX Portal

Robinhood’s Bitcoin holdings surpass $9.5b, third only to Bitfinex and Binance

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Robinhood’s cold storage address has emerged as the third-largest single Bitcoin wallet, boasting ownership of 0.69% of the total BTC supply. Public fintech broker Robinhood turned out to be the owner of the third largest single Bitcoin wallet, holding over $9.5 billion worth of the crypto, Coinbase director Conor Grogan said in an X post, citing data from Arkham Intelligence. According to the data, Robinhood controls nearly 0.7% of Bitcoin’s (BTC) total supply, third only to Bitfinex ($12.6 billion), and Binance ($17.4 billion). The Coinbase executive noted that over the…

Dogecoin Whale Takes $52.3 Million In DOGE Off Binance, Sign Of Buying?

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On-chain data shows a Dogecoin whale made a large withdrawal from Binance today, which may be bullish for the memecoin’s price. A Large Amount Of Dogecoin Has Left The Binance Platform In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, a large transfer has been spotted on the Dogecoin blockchain during the past day. In this move, the network has processed the movement of 304,588,737 DOGE, worth around $52.3 million when the transaction was executed. Given the large scale of the transfer, it’s likely…

Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

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Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem.  The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According to the Bitcoin ETF issuer’s report, activity in the Bitcoin…

Binance to delist Bitcoin NFT collections

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Binance’s NFT marketplace will end all support for Bitcoin NFTs from this month amid declining market trends.  Starting April 18, Binance NFT will not accept trades or deposits for Bitcoin-based NFT collections. The platform has issued guidance for its users, urging them to transfer their Bitcoin NFTs out of the marketplace using the Bitcoin network by May 18.  Binance will also automatically cancel all orders for listings affected on the mentioned date. The marketplace also stated that after April 10, it will halt support for additional airdrops, perks, or features…

Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles

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In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024. Binance NFT Marketplace to End Ordinal […] Original

Binance Ceases Support for Bitcoin (BTC) NFTs in ‘Streamlining’ Process

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Binance Coin Under Pressure With Negative Funding Rates

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The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals. Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders. A negative funding rate suggests that more traders are holding short positions, anticipating a decline in the price of the asset. This sentiment was confirmed on April 1st, when BNB’s funding rate dipped into negative territory at -0.012%. Binance Coin Funding Rate And Open…