Tag: Binance

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…

Whale Deposits $21M In DeFi Tokens To Binance, Is It Justin Sun?

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In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market. Related Reading Whale Deposits $21 Million In DeFi Tokens To Binance On Monday, on-chain analytic firm Spotonchain reported a dormant whale had deposited around $13 million in crypto to Binance. After a year of holding, The whale sent 3,800 Maker (MKR) and 20,000 Aave (AAVE) to…

Top Crypto Exchange Binance Reaches 200,000,000 User Milestone

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The world’s largest crypto exchange has reached a new milestone despite facing legal and regulatory battles. In a post on social media platform X, Binance thanks members of its community for helping the crypto exchange achieve a global user base of over 200 million.  “Today, we celebrate 200 million – and it’s all because of YOU! Your support is the heartbeat of our journey to one billion users.” Aside from growing its users to more than twice the population of Germany, Binance is also the leading crypto exchange in terms…

Binance Leading Coinbase and All Other Crypto Exchanges in This Metric, According to Kaiko Analytics

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Crypto exchange Binance is still leading the pack in more than one way, according to digital asset analytics firm Kaiko. In a new report, Kaiko ranks the top ten crypto exchanges in terms of liquidity, putting Binance at the top of the list, followed by Bybit and Coinbase. “Liquid exchanges offer superior trading conditions, such as reduced slippage and lower execution risk. While liquidity can be calculated in various ways, we’ve opted to develop a liquidity score for this quarter’s exchange ranking, using five metrics, including volume and market depth.…

Binance Coin Breaks New Ground, Hits ATH At Nearly $720

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Binance Coin (BNB), the native token of the world’s largest cryptocurrency exchange Binance, has been on a tear in recent weeks. After breaking free from a period of consolidation, BNB skyrocketed to a new all-time high of $717 on Friday. Despite a minor correction, the coin remains firmly in bullish territory, with analysts predicting further potential for growth. Related Reading Surge In Demand Fuels Rally Before its recent climb, BNB had been trading within a sideways range, a pattern commonly observed before a major price shift. This consolidation phase allowed…

Jailed Binance Executive: 108 Former US Government Workers Echo Calls for Biden Administration’s Intervention

Over 100 former federal prosecutors and federal agents have asked the U.S. State Department to intensify its efforts to secure the release of Tigran Gambaryan, a U.S. citizen and Binance employee, from custody in Nigeria. In a letter addressed to Anthony Blinken, the 108 ex-government employees expressed concern that the U.S. efforts to date have […] Source CryptoX Portal

Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

Despite a court order to move him to a hospital from Kuje prison – known to hold violent criminals and terrorists, including members of the Islamist jihadist group Boko Haram – Nigerian officials have reportedly refused to transfer him. In their letter to Sec. Blinken, Haun and the other signers call Gambaryan’s captivity “not only unjust but inhumane,” adding that, in addition to not receiving adequate medical care, he has not been allowed to speak with his lawyers or family. Source

Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued

Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy […] Source CryptoX Portal