Monthly Archives: November 2023

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…]

Introduction to BNB Smart Chain (BSC) BNB Smart Chain (BSC), formerly known as Binance Smart Chain, has experienced significant growth since its inception in September 2020. It has emerged as a prominent decentralized finance (DeFi) ecosystem, ranking third among platforms like Ethereum (ETH), Solana (SOL), and Cardano (ADA). Thriving Projects on BNB Smart Chain Over[Read more…]

Cryptocurrency Technical Analysis: BNB and MATIC In the cryptocurrency market, technical analysis is an indicator that investors, especially those trading in the futures market, need to follow continuously. As of the time of writing, BNB is trading at $225.1 and MATIC at $0.7350, but what clues does technical analysis provide for us? We examine the[Read more…]

Cardano (ADA) Price Analysis The price of Cardano (ADA) has experienced a decline of 2.35% over the last day. Currently, the ADA rate is approaching a critical level and is about to test the interim support at $0.3760. If the daily bar closes near this level without a significant long wick, there is a potential[Read more…]

The Crypto Showdown Hey there, crypto crusaders! Brace yourselves for the ultimate crypto showdown, where we pit the heavyweights Binance Coin (BNB) and Ripple (XRP) against the wildcard of the hour – GameStop Memes (GSM). It’s not just about numbers and predictions; it’s about the epic clash of the crypto titans and a newcomer with[Read more…]

Binance Coin Demonstrates Resilience Binance Coin (BNB) exhibits resilience in the face of CEO Changpeng Zhao’s resignation, maintaining investor confidence. Technical Analysis Indicates Bullish Recovery Technical analysis of BNB suggests a potential shift towards bullish recovery. According to a financial analyst, “BNB’s stability in turbulent times hints at underlying market optimism.” Leadership Changes and Market[Read more…]

Binance Witnesses Over $100M USDT Outflow Amid FUD Binance, one of the leading cryptocurrency exchanges, experienced a significant outflow of over $100 million in Tether (USDT) as Fear, Uncertainty, and Doubt (FUD) spread across the market. This sizable withdrawal, the highest in the past three months, has raised concerns and added to the recent challenges[Read more…]

US Prosecutors Seek to Restrict Binance Founder’s Travel Using the phrase “unacceptable risk of flight,” prosecutors from the United States government are requesting that the court restrict Changpeng “CZ” Zhao, the former CEO of Binance, from leaving the country. Zhao, the individual responsible for establishing Binance, the largest cryptocurrency exchange globally, and his lawyers submitted[Read more…]

Binance CEO’s $4.3 Billion Settlement Binance CEO Changpeng Zhao has agreed to pay $4.3 billion to settle money laundering allegations with U.S. authorities. This significant settlement will impact Binance’s net worth and likely affect the price of its native token, BNB. Investors are already reacting to the news, with BNB declining by over 17%. InQubeta[Read more…]