Tag: Binance

Binance Announces Blockchain Week Dubai 2024 with Discounted Early Bird Tickets

Binance has officially announced the dates for its highly anticipated Binance Blockchain Week Dubai 2024, set to take place from October 30 to October 31 at Dubai’s Coca-Cola Arena. This major event aims to bring together industry leaders, innovators, and enthusiasts to discuss the future of blockchain technology and cryptocurrency. Event Theme and Highlights The theme for this year’s conference is “Momentum.” According to Binance, the theme focuses on how momentum drives the industry forward, overcoming challenges and leading to significant achievements. The discussions will…

Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance

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This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold announced it will delist a selection of stablecoins on July 1, and Binance has recently removed stablecoin funding […] Source

ZkSync (ZK) Drops 20% Amid Binance Listing

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ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program to address users’ concerns. Since its launch, ZK has dropped over 20%. ZkSync’s Airdrop Drama On June 11, ZK Nation announced the upcoming launch and airdrop of zkSync’s token. Over 3.6 billion ZK tokens could…

Binance lists Zksync (ZK) with token giveaway amid airdrop controversy

Crypto exchange Binance announced the listing of Zksync (ZK) trading pairs and a token distribution program aimed to alleviate community concerns about the token airdrop. Starting at 10:00 (UTC) on Jun. 17, the ZK token will be available for spot trading on Binance in pairs against Bitcoin (BTC), Tether (USDT), First Digital USD (FDUSD), and the Turkish Lira (TRY). The exchange encouraged users to deposit ZK for trading, with withdrawals becoming available the following day. Additionally, Binance revealed plans for a token giveaway program, intending to allocate 10.5 million tokens…

Nigeria Drops Tax Charges Against Binance Execs Tigran Gambaryan and Nadeem Anjarwalla: Family Spokesperson

A money laundering trial is still scheduled with Gambaryan and Nadeem Anjarwalla remaining on that case. The next hearing in this case is scheduled for June 19th “where the application for an order for the enforcement of fundamental rights will be heard,” the statement said. The trial is due to resume on June 20th. Gambaryan is still detained at Kuje prison. Source

Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto

Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other […] Source CryptoX Portal

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs have announced the launch of the BNB Incubation Alliance (BIA), a strategic initiative aimed at accelerating the growth of early-stage blockchain projects. The alliance will collaborate with leading venture capitalists, incubators, and developer communities to foster innovation in the blockchain space, according to the BNB Chain Blog. How the BNB Incubation Alliance Works The BNB Incubation Alliance will organize global events to support promising early-stage projects. These events will be primarily offline and will feature a selection process managed by…

Solana-Based AI Altcoin Explodes After Earning Support From Crypto Exchange Binance

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A Solana (SOL)-based altcoin project with an artificial intelligence (AI) focus is soaring after gaining support from Binance, the world’s largest crypto exchange. In a new announcement, Binance says it’s listing decentralized AI computing network io.net (IO) for trading on its platform. “Binance is excited to announce that io.net (IO) has been added to Binance Simple Earn, ‘Buy Crypto’ and Binance Convert. In addition, Binance will add IO on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-06-11 14:00 (UTC), 2024-06-11 14:00 (UTC) and 2024-06-13 10:00 (UTC) respectively.” IO is…

Binance Coin (BNB) price outlook as futures open interest slips

Binance Coin (BNB) price has suffered a harsh reversal this week as sentiment in the crypto and stock industries worsened. The BNB token dipped to a low of $600 on Tuesday, down from an all-time high of $724. Binance Coin token sold off this week as investors embraced a risk-off sentiment following last week’s strong nonfarm payrolls (NFP) data.  The downturn coincides with Bitcoin gravitating towards the $65,000 level while Ethereum dipped below $3,500. The total market cap of all digital coins crashed by over 3% in the past 24…