Monthly Archives: April 2023

The Binance Ecosystem Sees Growth Despite Challenges The Binance ecosystem has faced numerous challenges in 2023, including regulatory crackdowns and an increasing number of hacks. Despite these difficulties, there are signs that the crypto behemoth’s situation is improving. Increased Network Traffic and Reduced Transaction Costs According to Token Terminal, BNB Chain [BNB] has seen a[Read more…]

Binance Labs Ventures Despite Regulatory Pressure Despite being sued by the Commodity Futures Trading Commission over unregistered trading activity in the US, Binance Labs, the venture arm of Binance, the world’s largest crypto exchange, continues to invest in the US. Its assets under management rose from $7.5bn in August 2022 to $9bn in Q1 2023.[Read more…]

PancakeSwap Approves Tokenomics v2.5 Decision Proposal to Make CAKE Scarcer PancakeSwap, a leading decentralized exchange (DEX) on the BNB Smart Chain (BSC), has passed the CAKE Tokenomics v2.5 Decision Proposal that makes their native token scarcer. Transforming the Tokenomics Model The proposal aimed to transform the tokenomics model of CAKE, the DEX’s utility token. The[Read more…]

Belgian Cryptocurrency Trading Platform Bit4You Suspends Operations Due to CoinLoan’s Insolvency Bit4You, a cryptocurrency trading platform based in Belgium, has suspended operations after one of its service providers, CoinLoan, was declared insolvent by an Estonian court. According to a blog post published by CoinLoan, the platform no longer had the necessary registration to qualify as[Read more…]

Exploring Binance Coin Price: Limited Dips Expected Despite Facing Resistance Binance coin price (BNB) recently faced significant resistance near $345 against the US Dollar. Currently, it is testing key support at $325, and a dip to $315 might follow if it drops below this level. Let’s explore the recent price movement of Binance coin and[Read more…]

BNB’s Beacon Chain Experiences a Temporary Halt, and This is How BNB Reacted BNB’s Beacon Chain recently experienced a temporary halt lasting around 30 minutes. This caused negative sentiments around BNB to dominate the market, and indicators looked bearish. However, the issue was quickly fixed by developers. Let’s take a closer look at the situation.[Read more…]

<h2>Crypto Futures Traders Suffer Losses as Prices Rise</h2> <p>Crypto futures traders who went short on Wednesday experienced heavy losses as prices rose, with over $60 million in short positions liquidated in just four hours. According to Binance data via TradingView, Bitcoin was trading near $29,700 before 11 a.m. EDT, representing a 4.8% increase since midnight.[Read more…]

Could Solana (SOL) Price Drop 8% Despite Grayscale Solana Trust? Solana (SOL) has been on a downward spiral with a 10.61% decrease in the last week, despite the recent announcement of the Grayscale® Solana Trust (the ‘Trust’) beginning to trade on OTC Markets. While some investors are selling Solana (SOL), others are buying Collateral Network[Read more…]

Binance Coin price analysis: BNB struggles to leave $340.00 The Binance Coin price analysis shows that the BNB price action has broken above the $340.00 mark as the bulls show strong momentum. However, the price action still faces strong bearish resistance at this level. The broader cryptocurrency market observed a bullish market sentiment over the[Read more…]

Binance.US and Unstoppable Domains Collaborate to Offer Branded Web3 Domains Binance.US, the U.S. arm of the world’s largest crypto exchange, has partnered with Unstoppable Domains to offer branded Web3 domains to its U.S. customers. This partnership allows Binance.US customers to create digital identities on the Polygon network using “.BinanceUS” domain names, simplifying the process of[Read more…]