Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit. Binance Coin (BNB) saw its 15th burn to date on April 16. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits.…
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Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320. The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life. Crypto analytics platform Messari published…
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Bitcoin is facing selling at the $14,000 mark and this has resulted in several cryptocurrencies dropping below their support levels. China’s central bank governor Yi Gang has said that the nation’s digital yuan pilot projects have processed transactions worth over $299 million without any major problems. This suggests that China is much ahead of its…
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Bitcoin looks strong and the indicators point to a possible break above $14,000 while altcoins could underperform in the short-term. Bitcoin (BTC) has rallied about 90% year-to-date and has risen close to 191% from its March lows. The rise has been gradual without much fanfare, which suggests that crypto believers are the ones who have…
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In yet another expansion initiative, Binance adds support for deposits and withdrawals in South African rand. Binance, one of the world’s largest cryptocurrency exchanges, now supports direct transactions in South African rand. Users will now be able to deposit rand into their trading accounts in less than 30 minutes if their bank accounts support “Faster…
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Here’s a list of the best performing crypto assets — excluding Bitcoin — for 2019. Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July,…
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Binance DEX adds option to trade ETH, with BNB/ETH trading pair. Cryptocurrency exchange Binance has added the Binance Coin/Ether (BNB/ETH) trading pair to its decentralized exchange (DEX), according to a company announcement on Dec. 24. Last week’s proposal is this week’s launch The listing follows an initial proposal posted on the Binance community website a…
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