Tag: Binance

Bitcoin Price All Set to Move up After two Quiet Weeks, Breaks Binance Whale Sell Wall at $36.5K

Bitcoin price is currently trying to regain its position above $40,000 having spent the past two weeks in the $35k – $40k price range, after experiencing a near 23% drop last Monday. The Bitcoin whales are currently dominating the price behavior of the top cryptocurrency as most of them are currently on a selling spree […]

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DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

The decentralized finance sector continues to grow with an impressive all-time high of over $24 billion locked. Additionally, the Binance DeFi Composite Index, measuring the performance of numerous DeFi coins, also marked a new ATH today. Binance DeFi Index To New Highs Launched in August 2020, the DeFi Composite Index tracks and measures the performance […]

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Binance Coin Approaches ATH as 14th BNB Burn to Happen in 48 Hours

Binance Coin Approaches ATH as 14th BNB Burn to Happen in 48 Hours

The world’s leading cryptocurrency exchange token by means of market capitalization, Binance Coin, is approaching its ATH. This happens hours before the company goes on with its 14th scheduled BNB token burn. BNB Price Eyes ATH Binance Coin is the world’s leading cryptocurrency exchange token. Over the past 12 hours, BNB saw an impressive increase […]

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This month’s crypto exchange volume has already broken December’s record

This month’s crypto exchange volume has already broken December’s record

Trade volume on the world’s major crypto exchanges this month has already exceeded last month’s total, according to data compiled by The Block.  January’s high is $468.7 billion as of publication — up $89.4 billion (23.6%) compared to the previous month. Binance currently holds 54.7% of January’s trade share, with Coinbase (14.1%) and Kraken (6.4%) in […]

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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation […]

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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in […]

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Monday was a record-breaking day for Coinbase and Binance

Monday was a record-breaking day for Coinbase and Binance

Cryptocurrency exchanges Coinbase and Binance broke their all-time highs for volume on Monday, according to data compiled by The Block.  Coinbase reached $9.56 billion in daily exchange volume — about a 57.9% increase from its $6.05 billion previous peak in January 7, 2021. On the same day, Binance reached $30.66 billion. That’s roughly 38% greater […]

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Traders Complain About Exchange Issues and Downtime During Bitcoin’s Volatile Price Swings

Traders Complain About Exchange Issues and Downtime During Bitcoin’s Volatile Price Swings

As bitcoin and a number of digital assets saw deep losses on Monday, a few crypto-asset exchanges had difficulties. Traders have been complaining about issues with exchanges like Coinbase, Kraken, and other trading platforms during the volatile price swings. Bitcoin (BTC) and many other cryptocurrencies have suffered a dip in value during the course of […]

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Binance Partners With Orbs Blockchain to Launch a DeFi Accelerator

The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field. Binance And Orbs Sponsor DeFi Accelerator The Malta-based digital asset exchange announced […]

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When Binance IPO? CZ explains how his firm’s ‘path’ forward is different from that of rival Coinbase

When Binance IPO? CZ explains how his firm’s ‘path’ forward is different from that of rival Coinbase

Quick Take The world’s largest crypto exchange Binance doesn’t have IPO plans like rival Coinbase, CEO Changpeng “CZ” Zhao told The Block. Binance wants to take a more crypto-native “path” forward, said Zhao, i.e., expanding the utility of its “utility token” BNB.  Zhao said he’s spending most of his time growing the BNB ecosystem.  This […]

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