Monthly Archives: October 2023

What Went Wrong in the Binance-FTX Acquisition? On October 27, Sam Bankman-Fried, the CEO of crypto exchange FTX, had quite a day in court. His exchange FTX could have been a part of crypto giant Binance. But the deal broke down. But what went wrong? Let us dive into the details. The Vision Behind FTX[Read more…]

Changpeng Zhao: A Cryptocurrency Journey In a surprising turn of events highlighting the unpredictable nature of the cryptocurrency market, Changpeng Zhao, the CEO of Binance, has experienced a significant decline in his net worth. Starting from an astonishing peak of nearly $97 billion in January 2022, Zhao’s fortune has plummeted to $17.3 billion, marking a[Read more…]

BNB Price Trend and Open Positions According to data from Santiment, the price of Binance Coin (BNB) experienced a decline after reaching $234 on October 24th. This downward trend coincided with a significant decrease in open positions, indicating investors closing their trading positions. Coinglass BNB Report The current trading price of BNB stands at $225.61,[Read more…]

BNB Price Amidst Market Volatility Even after a significant price surge in the cryptocurrency market, Binance Coin (BNB) has shown limited growth, gaining only 5% in value despite being among the top five cryptocurrencies. This suggests a growing disinterest among investors in BNB. Consolidated Trading Range BNB has been trading within a narrow range of[Read more…]

Binance Coin (BNB) Price Prediction In the ever-changing crypto market, Binance Coin (BNB) has experienced a period of consolidation spanning several months. Current trends in the market have prompted crypto analysts to offer their insights on the future of BNB. During this time, rumors about a potential Initial Public Offering (IPO) for Ripple (XRP) have[Read more…]

Exploring the Top Cryptocurrencies for 2023 Are you looking for the best tokens to add to your portfolio in 2023? Experts have singled out three promising options: BNB, Litecoin, and Everlodge. These tokens are predicted to offer substantial gains to investors this year. Let’s delve into their recent price movements and potential for growth. BNB[Read more…]

Quick Take The blockchain interoperability protocol LayerZero is set to bridge Lido’s wrapped stETH token (wstETH) across four major networks: Ethereum, Avalanche, BNB Chain, and Scroll. This move integrates wstETH into LayerZero’s omnichain fungible token (OFT) standard, enabling seamless cross-chain portability. Interoperability Across Multiple Networks LayerZero’s interoperability protocol now allows the movement of wstETH from[Read more…]

Binance Coin (BNB) Price Analysis The Binance Coin (BNB) price is currently hovering around the 100-day Exponential Moving Average (EMA) after a correction from its October high of $232. The price surged from support slightly above $200 to reach highs at $232, fueled by positive sentiment in the market due to growing optimism about the[Read more…]

In Brief BNB chain users can now utilize Lido’s wrapped staked Ether (wstETH) across the network’s DeFi protocols through LayerZero integration. Lido’s wstETH tokens will be compatible with the BNB chain, enabling community members to use the token on native DeFi protocols. Lido Brings wstETH to BNB Chain Liquid staking has gained prominence, and the[Read more…]

Establishment and Purpose HKVAEX, the cryptocurrency derivatives exchange, was reported to be established by Binance. According to sources close to HKVAEX, the company was created by Binance in December 2022 with the purpose of obtaining a crypto license in Hong Kong. While HKVAEX operates as a separate company under BX Services Limited, it shares resources[Read more…]