Tag: Binance

Kingdom of Bhutan deposits $66m in Bitcoin on Binance 

boss

The Kingdom of Bhutan has moved Bitcoin to a centralized crypto exchange for the first time since July 1. Arkham data confirmed that Bhutan’s government sent 929 Bitcoin (BTC), worth over $66 million, on Oct. 29 to a Binance deposit address, slightly reducing its substantial crypto holdings. Officials initially moved 100 BTC, or $7.3 million, to the exchange in what appeared to be a test transaction. Bhutan subsequently transferred 839 BTC, valued at around $59 million, in a follow-up transaction. Arkham began tracking Bhutan’s crypto holdings in September, revealing that…

Another Former Binance Exec Joins Bitget Crypto Exchange

boss

Cryptocurrency exchange Bitget has appointed Min Lin, former Binance regional vice president for Latin America, as its Chief Business Officer (CBO) as the platform seeks to accelerate its global expansion. Bitget Names Ex-Binance Executive Lin as Chief Business Officer Lin joined Bitget after leading Binance’s Latin American operations, where he played a key role in regulatory compliance and strategic growth. Prior to entering the crypto sector, he served as an executive director in Goldman Sachs’ Global Markets Division for over five years. “We are thrilled to welcome Min to our…

Binance launches MOODENG on USDT Perpetual Contract

Users can now trade the MOODENG meme token on Binance in the form of the MOODENGUSDT Perpetual Contract with up to 75x leverage. On Oct. 25 10:00 UTC, Binance Futures announced it has expanded its listing to include the Solana-based meme coin MOODENG(MOODENG) through the MOODENGUSDT Perpetual Contract. According to the company notice, the Moo Deng-inspired meme coin remains as the underlying asset, while Tether becomes the settlement asset. Moreover, the capped funding rate set by the exchange at the time of the launch is 2.00%/-2.00%. Funding fees will be…

Binance Connect Relaunches, Powering Fiat Currencies and 300 Crypto Options

Binance relaunches Binance Connect as a fiat-to-crypto gateway, streamlining Web3 transactions and driving global digital asset adoption. Binance Connect Relaunches as a Fiat-Crypto Gateway for Web3 Adoption Crypto exchange Binance announced the relaunch of Binance Connect on Friday, unveiling a significantly expanded fiat-to-crypto service formerly known as Bifinity. Initially introduced in 2022 as a standalone […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto Exchange Binance Adds Newly Launched Ethereum (ETH) Layer-2 Altcoin to Trading Roster

boss

Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum,…

Binance Executive Tigran Gambaryan Has Left Nigeria Following Detention

“The government has reviewed the case and, taken into consideration that the second defendant (Mr. Gambaryan) is an employee of the first defendant (Binance Holdings Limited), whose status in the matter has more impact than the second defendant’s, and also taking into consideration some critical international and diplomatic reasons, the state seeks to discontinue the case against the second defendant,” the EFCC prosecutor stated in court. Source

53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?

boss

Este artículo también está disponible en español. After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.  Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, creating a divisive environment for price action. Related Reading The futures market often serves as a barometer for momentum and liquidity, signaling potential shifts in Bitcoin’s price movement.…

Binance Expands Mobile Money Across Africa — 6 More Countries Gain Access

Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access […] Source CryptoX Portal

Binance Labs invests in Bitcoin liquid staking project Lombard

boss

Binance’s venture capital and incubation arm has invested in Lombard, the crypto project behind the Bitcoin liquid staking token LBTC. The investment will help Lombard expand LBTC onto new chains. Jacob Phillips, Lombard’s co-founder and head of strategy, said in an announcement that the goal is to grow the decentralized finance landscape on Bitcoin (BTC) by unlocking new opportunities for BTC holders. Lombard launched its liquid staked token in August and is one of the projects looking to bring the benefits of decentralized finance to Bitcoin holders. The platform’s DeFi…