Author Archives: Bitcoinist

Binance Burns $620 Million Worth Of BNB, Massive Rally To Follow?

Binance completed its 22nd burn round, removing 2.064 million BNB tokens from circulation. The massive token burn amounts to $620 million, according to the price at the time of the burn. Through these programmed burning transactions, Binance aims to reduce BNB’s circulating supply to 100 million via its Auto Burn System.  The 22nd Token Burn Round[Read more…]

Voyager Gets Initial Green Light For $1 Billion Asset Sale To Binance.US

Binance.US got one step closer to fully acquiring Voyager Digital, a crypto company that went belly up recently.  According to to a report by Reuters, Voyager Digital won preliminary court clearance for a potential $1 billion sale of its assets to Binance.US, and indicated that it will seek to hasten a US national security evaluation of the proposed agreement.[Read more…]

Binance Joins a Sanction Specialist Association to Further Established Guidelines In Crypto

Despite the bear market, Binance is one of the firms that has continued to build and make meaningful partnerships with firms and organizations. In its latest headline on partnerships, Binance joined the Association of Certified Sanctions Specialists (ACSS), which provides sanctions training for multinational corporations and financial institutions.  Founded in 2018, the ACSS provides its[Read more…]

Metaverse: The Biggest Loser Of 2022 In Crypto Sector

Report shows Metaverse, the killer narrative of 2021, turned out to be the biggest loser in the crypto sector this year. Metaverse Observes Drawdown Of 89% Over The Year 2022 As per the year-end report by Arcane Research, both the alternative layer 1s craze and the Metaverse hype of last year came crashing hard in 2022.[Read more…]

Top 5 Crypto To Keep An Eye On In 2023

The crypto market has had an eventful 2022. With the numerous collapses and bankruptcies that were witnessed this year alone, it comes as no surprise that the market is marking the end on a low note. However, as another year is ushered in, there are numerous cryptocurrencies in the space that offer opportunities in the[Read more…]

Binance Dominates Bitcoin And Crypto Market Like Mt. Gox Once Did: Research

Since the collapse of FTX, once the second-largest exchange by trading volume, the crypto landscape has fundamentally changed, and it should come as no surprise to many that Binance has emerged as the big winner from the situation. Vetle Lunde, senior analyst at Arcane Research has published a detailed analysis of this. “No matter how you look[Read more…]

Palau Stablecoin: Island Nation Goes Digital With Help From Ripple Labs

There has been a sudden surge in cryptocurrency’s popularity around the world. Countries, whether large or small, are attempting to integrate blockchain and cryptocurrencies into their economy by going digital. Several central banks are seeking to introduce their own central bank digital currencies (CBDCs), while others are focusing on stablecoins. With a population of approximately 18,000,[Read more…]

Crypto Wallet BitKeep Hacked, Loses More Than $1 Million

The crypto wallet, BitKeep, has recently been attacked by hackers. Asia’s most popular cryptocurrency wallet is BitKeep Wallet. According to a tweet from PeckShield, a blockchain security and data analytics company, the amount disclosed exceeded $1 million. BitKeep has, however, quickly informed all its users about the unfortunate hack. It also mentioned that the development team[Read more…]

Bumper Year: Crypto Hackers Step Up With Record $3 Billion Theft This Year

Crypto hackers surpassed the level of performance they did last year that enabled them to get away with $2.1 billion worth of cryptocurrencies, setting their own “all-time high” this 2022. With still over two months left before the year ends, these cybercriminals have already carted off with $3 billion worth of cryptocurrencies, CBS News reported Friday. What’s[Read more…]

Transit Swap Managed To Recover 70% Of Stolen Funds After Exploit

On Sunday, the multichain decentralized exchange aggregator Transit Swap suffered an exploit resulting in $23 million losses. But fortunately, the project’s team managed to recover 70% of the stolen funds on the same day with the help of several blockchain security firms, which facilitated the platform immediately after the incident.  The blockchain security firms which assisted the Transit Finance[Read more…]