Tag: Binance

Binance to convert Monero, Bitcoin Gold to USDC, delist Loom Network

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Binance is set to convert over a dozen tokens into the USDC stablecoin while also delisting six additional tokens as part of its latest platform adjustments. Cryptocurrency exchange Binance is set to convert multiple tokens on its platform to USDC based on users’ holdings in their wallets as the exchange continues aiming to simplify trading pairs. In an Aug. 12 blog notice, the exchange said it will convert 15 tokens, including privacy-oriented Monero (XMR) and Bitcoin Gold (BTG) into Circle’s stablecoin USD Coin (USDC). Binance did not reveal the reason…

Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands

CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as […] Source CryptoX Portal

Toncoin Soars 14% After Binance Listing, TON Breakout Ahead?

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Toncoin (TON), the native token of The Open Network, has been one of the best performers this cycle. The token registered a 200% surge in the last six months, flipping Dogecoin (DOGE) by market capitalization. As a result, the crypto exchange Binance announced the listing of TON on August 8, which propelled the price by over 10%. Related Reading Toncoin Soars 14% After Binance Listing On Thursday, Binance, the largest crypto exchange by trading volume, announced it would list TON on the trading platform. The exchange stated that the seed…

TON Climbs 10% Ahead of Binance Listing

The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Binance Recovers $73 Million in Stolen Cryptocurrency, Up 33%

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As of July 31 this year, Binance had recovered $73 million in stolen cryptocurrencies. This represents a notable 33% increase from the approximately $55 million secured in 2023. Recovering and Freezing Illegal Crypto Assets According to the crypto exchange giant, the platform’s security team has been at the forefront of recovering misplaced and lost funds and freezing ill-gotten gains that find their way onto the exchange. Binance has also reportedly collaborated with both industry peers and the public sector to ensure that affected users receive the necessary support. Approximately 80%…

Binance logged $1.2b inflows as crypto markets bounces back

Binance, crypto’s largest centralized exchange, saw $1.2 billion in net inflows as digital asset investors capitalized on a massive market drop caused by an unwinding yen carry trade. Bitcoin’s (BTC) rebound and a bounce in the broader cryptocurrency market spiked trading activity on CEX platforms like Binance in the last 24 hours. Binance CEO Richard Teng, citing DefiLlama data, said the crypto exchange recorded its highest single-day trading volume since the beginning of the year. Amid the macroeconomic climate and yesterday’s market downturn, #Binance recorded a net inflow of US$1.2…

Whale Transfers $4.2 Million PEPE To Binance

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Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Related Reading Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, a key threshold that has lately increased the downward pressure on PEPE’s price. A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour. The whale withdrew 795.92B $PEPE($2.55M at…

Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve

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Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the […] Original