Monthly Archives: September 2023

Binance Coin (BNB) Takes A Tumble Nicholas Merten’s analysis suggests that Binance Coin (BNB) could face a significant decline, potentially exceeding a 38% drop from its current value. This projection is based on BNB’s recent dip below two critical long-term support levels. Over the past few months, BNB has struggled to breach the $350 mark[Read more…]

Overview of Nine Chronicles Notably, the Nine Chronicles allows users to interact in a 100 percent decentralized platform through the internet. Additionally, the Nine Chronicles is a massively multiplayer online role-playing game (MMORPG) with developers having decades of years in total experience. Impact of The BNB Chronicles’ Launch on Crypto Adopters A recent report by[Read more…]

BNB Bulls Fuelled by 25% Trading Discount Announcement BNB’s bullish recovery gained momentum with Changpeng Zhao, Binance’s CEO, announcing a 25% trading discount on CommEX. This move comes after Binance’s complete withdrawal from Russia. Widening Bollinger Bands Signal Potential Market Volatility The Bollinger bands on the BNBUSD price chart are widening, with the upper and[Read more…]

Binance’s Declining Market Share Binance, the world’s largest cryptocurrency exchange, has witnessed a significant decline in its market share among non-dollar cryptocurrency exchanges. According to data from The Block, Binance’s market share among a group of exchanges, including major Asian players like Upbit, Huobi, Bybit, and OKX, dropped to 54% in August and is projected[Read more…]

Binance’s History of Regulatory Challenges This is not the first instance where Binance has faced regulatory pressures and subsequently shifted its operations to seemingly independent entities. In August, Dutch users were informed that they could no longer use Binance, but they were strongly encouraged to switch to a relatively unknown exchange called Coinmerce. These patterns[Read more…]

Introduction With over 100 million users, Binance easily claims the title of the world’s largest cryptocurrency exchange. If CZ’s exchange were to fall victim to the initiatives of U.S. regulators, others (Kraken, Coinbase, and the like) would melt away like snow in the sun. And apparently, the U.S. Department of Justice is preparing to launch[Read more…]

Binance Coin (BNB) According to Merten, BNB could decline by more than 38% from its current value after dipping below two long-term support levels. BNB is trading for $211.25 at the time of writing, up 1.4% in the past 24 hours. XRP (Ripple) Next, the trader says that XRP, the token associated with Ripple Lab’s[Read more…]

Binance Exits Russia with CommEX Deal On Wednesday, the global leading crypto exchange Binance announced that it will sell its Russia business to the newly-launched crypto exchange CommEX, becoming the latest company to pull out of Moscow since Russia’s invasion of Ukraine. The largest crypto exchange in the world did not disclose the financial details[Read more…]

Binance’s Regulatory Woes 2023 has been a challenging year for Binance and its U.S. branch, with trading activities suffering due to increased regulatory pressure. Regulators, such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), have filed lawsuits against Binance, accusing the exchange of listing unregistered securities and market manipulation. $LINK[Read more…]

Binance Challenges the SEC Binance is currently contesting the jurisdiction of the Securities and Exchange Commission (SEC) in a legal showdown that has significant implications for the market. BNB Struggles Amid Legal Dispute Amidst this legal battle, the price of Binance Coin (BNB) has been struggling. For two consecutive days, BNB’s value dipped, hovering around[Read more…]