Binance founder Changpeng “CZ” Zhao’s request to travel from the US to the United Arab Emirates (UAE) for personal reasons has been denied by a US federal judge, a recent court filing has revealed. The request, filed on January 23 and related to the “hospitalization and surgery” of an individual in Zhao’s life, was accompanied…
Read more
In the volatile world of cryptocurrencies, Binance Coin (BNB) has emerged as a strong contender, decoupling from the market’s recent downturn. While other digital assets fell, BNB showcased resilience, demonstrating a price surge towards a critical level that could dictate its future trajectory in the days to come. At the time of writing, BNB was…
Read more
In a recent announcement by Binance, the BNB Foundation declared the successful completion of the 26th quarterly Binance Coin token burn through the BNB Chain. The burn, which included Auto-Burn and the Pioneer Burn Program, eliminated a significant amount of the exchange’s native token from circulation. BEP95 Initiative Results In 210K BNB Permanently Burned During…
Read more
Market insights reveal that on Jan. 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD Faces Unsteady Ground, Drops Under $1 Recently, TUSD experienced fluctuations, slipping…
Read more
In 2023, the top ten Web3 projects collectively raised $1.78 billion in funding, a figure which is 70% lower than the $5.87 billion raised in the previous year, the findings of a new study have shown. The findings also show that Web3 projects were able to attract $9 billion in capital with infrastructure projects accounting…
Read more
Recent reports from members of the Zcash community indicate that Binance, the largest cryptocurrency exchange, would be preparing to review all privacy coins listed on its platform and possibly delist some. The exchange has been in talks with project representatives since November 2023, when it expressed its worries about not having the possibility of determining…
Read more
A transaction involving a whopping 25.6 billion XRP (valued at nearly $15 billion), nearly half of the total circulating supply of approximately 54.26 billion, raised alarm within the crypto sector in the late evening of January 14. The transfer was reported to have originated from an unknown wallet to the cryptocurrency exchange Bitfinex. Were 25.6…
Read more
The captivating Binance Smart Chain (BSC) Network has morphed into a powerful force within the blockchain ecosystem, offering various benefits and opportunities for users and developers alike. Introduced by Binance, a top player in the global cryptocurrency exchange realm, BSC provides a robust and efficient infrastructure for decentralized applications (dApps) and digital asset transactions. The…
Read more
Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $1.68 trillion digital currency economy. In addition, these prominent trading platforms control 7.83% of the total bitcoin supply, underscoring their significant market influence. Binance and Coinbase’s Market Grip Binance and Coinbase rank as the world’s leading…
Read more
India blocked access to websites of several offshore crypto exchanges, including Binance, Kucoin, OKX , Gate.io and many others on January 12 . This action followed the removal of these platforms from the Apple App Store in the country just a few days earlier. The move is a consequence of the finance ministry issuing…
Read more
