Tag: Binance

Book of Meme skyrockets 345% in 24hrs, Binance responds

Meme coin sensation Book of Meme (BOME) enjoyed a 345% increase in value over the past 24 hours, bringing its price to $0.02703.  The coin’s trading volume has soared by 262% to reach $3.8 billion, placing it at ninth on the list of the most-traded cryptocurrencies in the market today.  Since its market debut on March 14, BOME has experienced a meteoric rise from its all-time low of $0.00005848, jumping more than 39,000% within just 48 hours.  BOME 24-hr price chart | Source: CoinGecko This surge has catapulted BOME’s market…

Binance Says Nigeria Is Not Yet One of Its Top Markets

Nigeria is not yet among Binance’s top markets despite being a leading global crypto market. However, the crypto exchange said it recognizes the West African country’s “extraordinary potential,” which is one reason why it is eager to invest there. ‘Extraordinary Potential’ The cryptocurrency exchange Binance has clarified that Nigeria, despite being one of the world’s […] Source CryptoX Portal

World’s Leading Crypto Exchange Binance Distances Itself From Its Investment Arm, Binance Labs: Report

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The world’s largest crypto exchange by volume is reportedly severing ties with its multi-billion-dollar investment branch. According to a new report by Bloomberg, since taking the helm from disgraced Binance co-founder Changpeng Zhao, Binance CEO Richard Teng has pushed Binance Labs – the crypto exchange’s investment arm – into a separate company. Disclaimer text found on Binance Lab’s official website states that the $10 billion investment firm is not a part of Binance. “Binance Labs is an independent venture and not part of the Binance Group nor is it involved…

Binance Labs Has Become Independent of Crypto Exchange Binance: Bloomberg

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BNB Price Soars As Binance Smart Chain Implements “BEP 336” Upgrade, Inspired By Ethereum’s Dencun

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Binance Smart Chain (BSC), commonly known as BNB Chain, has announced the “BEP 336 upgrade”, inspired by Ethereum’s Dencun upgrade (EIP 4844), which aims to optimize data storage and processing on the blockchain. The upgrade is expected to significantly reduce transaction costs, improve network performance, and drive the price of Binance Coin (BNB) towards its previous all-time high (ATH) of $686, reached in May 2021. BNB Smart Chain Cost-Effective Data Solution According to the protocol’s announcement, BEP 336 introduces an innovative concept called “Blob-Carrying Transactions” (BlobTx) that will change how…

Nigeria’s Binance Impasse: Senior Executives Detained at Government ‘Guesthouse’ for 14 Days

Tigran Gambaryan, a former U.S. federal agent, is one of two Binance executives being held without charge by Nigerian authorities. A local court approved the executives’ 14-day detention. Recent media reports suggest that Nigerian officials have requested Binance to disclose the identities and transaction histories of its top 100 users. Detained Executives’ Families Demand Their […] Source CryptoX Portal

Binance delists multiple TUSD trading pairs; TUSD devaluation to blame?

Binance has announced the upcoming cessation of trading for several stablecoin spot trading pairs associated with Justin Sun-linked stablecoin TrueUSD (TUSD). The paris include COMP/TUSD, EDU/TUSD, and PENDLE/TUSD. This decision follows the platform’s routine assessment of trading pairs, aimed at maintaining market quality by considering factors such as liquidity and volume.  The changes are scheduled for March 15, 2024, at 03:00 UTC, affecting not only these pairs but also others like ARPA/BNB and EDU/BNB. Despite the delisting, Binance added that the base and quote assets of these pairs will remain…