Monthly Archives: November 2023

BNB Coin Commentary We have witnessed the collapse of many large projects in the famous crypto money markets with high volatility. The collapse of FTX, which is only a year old, was a big lesson for investors. BNB Coin, which is among the biggest cryptocurrencies, did not collapse but entered a shaken period. So, what[Read more…]

Binance Faces Access Block In The Philippines According to a Reuters report, the Philippines Securities and Exchange Commission (SEC) has taken steps to restrict access to Binance, the world’s largest cryptocurrency exchange in terms of trading volume. The SEC has announced its decision to block access to Binance within the Philippines. Per the report, the[Read more…]

Upbit Lists SPACE ID (ID) The cryptocurrency exchange Upbit has officially listed Binance’s launchpad project SPACE ID’s native asset ID in BTC pairing. Notably, the announcement specifies that only deposits made through the Ethereum network will be accepted for ID. Other networks, such as BNB Smart Chain (BSC), will not be supported for deposits. Following[Read more…]

Overview Leading cryptocurrencies like Bitcoin and Ether traded flat over the past week, even after crypto exchange giant Binance agreed to a record $4.3 billion settlement with U.S. authorities, according to analysis by research firm K33. Analyst Insights Analysts from K33 highlighted that the landmark agreement unveiled on November 21st showed sanctions violations and illegal[Read more…]

Introduction Top cryptocurrency exchange Binance has recently made a significant announcement that directly impacts holders of Shiba Inu (SHIB), XRP, and Cardano (ADA). The exchange has decided to cease support for BUSD products, affecting several trading pairs, including SHIB, ADA, and XRP. Binance Ceases Support for BUSD Binance has officially declared that it will stop[Read more…]

The Roadmap for Enhanced Performance The roadmap paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain. OpBNB’s Transaction Milestone The roadmap for opBNB paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain. OpBNB’s transaction count crossed the 20 million mark last week. Transaction Speed and[Read more…]

In Brief The BNB price increase culminated with a high of nearly $275 last week, but the price failed to sustain its upward movement and fell sharply as a result. While the weekly timeframe price action and RSI give a mostly bearish outlook, the daily timeframe suggests that the price could bounce and recover. Despite[Read more…]

Superstar Soccer Player Faces Lawsuit Over Binance Endorsement Renowned soccer player Cristiano Ronaldo is at the center of a class-action lawsuit alleging investor damages linked to his endorsement of the cryptocurrency exchange Binance. Ronaldo’s Deal with Binance Ronaldo entered into a multi-year agreement with Binance to promote his non-fungible token (NFT) collections. This collection, featuring[Read more…]

Introduction There’s a wave of uncertainty at Binance as Changpeng Zhao resigns as CEO, pleading guilty to money laundering violations. The exchange faces a $4.3 billion settlement fee for its involvement. The key question: Will this turmoil affect BNB’s price? Bearish Pressure on BNB Bearish pressure looms over BNB, and investors are closely watching for[Read more…]

Changpeng Zhao Hands Over Binance CEO Position to Richard Teng In a significant leadership shift on 21 November 2023, Changpeng Zhao (CZ), co-founder of Binance, stepped down as CEO, passing the reins to Richard Teng. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know[Read more…]