Tag: Binance

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

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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

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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…

Jailed Binance Employee’s Bail Application Denied Despite Medical Needs

The judge in Abuja denied bail to Tigran Gambaryan, the jailed Binance employee and a U.S. citizen unlawfully detained in Nigeria. Despite meeting all the medical requirements for bail, the judge’s decision contradicts established Nigerian legal precedents. Gambaryan’s health has deteriorated significantly in prison, and he requires medical treatment that the prison cannot provide. His […] Source CryptoX Portal

Binance Executive Tigran Gambaryan Was Denied Bail in Nigeria

During his time in prison Gambaryan has developed malaria, pneumonia and tonsillitis and suffers from complications tied to a herniated disc in his back, which left him in need of a wheelchair – though in a video from his last court appearance, Gambaryan did not have a wheelchair, and instead had to struggle on a single crutch. Source

BNB Chain to Feature at Binance Blockchain Week Dubai 2024

Timothy Morano Oct 11, 2024 02:29 BNB Chain will be a highlight at Binance Blockchain Week Dubai 2024, focusing on accelerating early-stage blockchain projects through the BNB Incubation Alliance. The upcoming Binance Blockchain Week Dubai 2024 is set to feature the BNB Chain, with the BNB Incubation Alliance (BIA) taking center stage. According to the BNB Chain Blog, this event presents a significant opportunity for the Web3 community to collaborate and drive growth in early-stage blockchain projects. Event Details Scheduled for October…

Binance CEO responds to launchpool accusations, discusses crypto scams

During a recent AMA, Binance CEO Richard Teng addressed accusations of misusing Launchpool funds, discussed the HBO documentary on Bitcoin’s creator, and outlined the company’s efforts against crypto scams. During a question-and-answer session on X, Teng addressed allegations of using the company’s balance sheet capital to farm its launchpool, a process meant to benefit the community. He firmly denied these claims, stating that Binance prioritizes user protection and fairness in trading practices. Teng emphasized Binance’s strict internal policies, including firing employees involved in unethical behavior, and reassured users that these…

Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch

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Binance, the largest digital asset exchange in the world, is about to list its first pre-market altcoin for trading. In a blog post, the exchange says it is listing the new Ethereum (ETH) layer-2 Scroll (SCR) on the Binance Pre-Market platform, a service announced last month that allows users to acquire tokens in advance of their official spot listing. Says Binance, “Binance will be the first platform to list the token mentioned herein, with Pre-Market trading starting at 2024-10-11 10:00 (UTC). Any claims to offer this token for sale before…

Discounted Early Bird Tickets for Binance Blockchain Week Dubai 2024 Now Available

Zach Anderson Oct 08, 2024 08:27 Early bird tickets for Binance Blockchain Week Dubai 2024 are available at a discounted price of 300 USD, offering a 50% reduction from the full price. The event will be held at Dubai’s Coca-Cola Arena. Binance has announced that early bird tickets for the upcoming Binance Blockchain Week Dubai 2024 are now available at a discounted rate of 300 USD, excluding a 5% VAT. This price reflects a 50% discount compared to the standard ticket price…