Author Archives: BSCN NEWS REPORTS

Binance Coin (BNB) Outlook Binance Coin (BNB) has gained significant attention from investors after the removal of liquidity pools like XRP, Fantom, and others on October 10. As a result, BNB’s price experienced a notable surge. During the past week, BNB traded between $204.49 and $214.38. With a market cap of $31,918,064,673 and a trading[Read more…]

Introduction According to on-chain analytics firm Spot On Chain, large BNB Chain whales seem to be executing a strategy involving longing Bitcoin while shorting native token BNB. Whales’ Strategic Maneuvers In the first maneuver, three whales accumulated around 144 Bitcoin BEP2 worth $3.92 million from Binance at $27,389. They then lent the bitcoin to Venus[Read more…]

Key Points: BNB Chain Airdrop Marathon Will Be Launched to Incentivize Engagement On October 9, BNB Chain made a significant announcement as it unveiled plans for a two-month airdrop marathon aimed at fostering increased activity within its ecosystem. This initiative seeks to engage users with innovative Web 3 projects while providing lucrative rewards. The BNB[Read more…]

Binance Announces Removal of Liquidity Pools The world’s largest cryptocurrency exchange, Binance, recently made a significant announcement regarding its Binance Liquid Swap. As part of this decision, specific liquidity pools will be removed, including XRP, Fantom, Optimism, and Decentraland. Binance to Remove XRP, FTM, and MANA Liquidity Pools Binance, renowned for its trading volume, operates[Read more…]

BNB Market: A Prudent Approach for Traders BNB coin has managed to maintain a resilient stance. However, seasoned traders are being urged to exercise caution as they navigate their positions in this dynamic landscape. Recent Developments in the BNB Ecosystem Recent developments surrounding a long-standing BNB holder have brought the coin into the spotlight once[Read more…]

Introduction: Binance Introduces Copy Trading for Futures Markets Binance, the world’s largest cryptocurrency exchange by trading volume, has recently rolled out an innovative copy trading feature specifically designed for futures markets. This new addition aims to simplify the trading experience by enabling users to replicate the strategies and portfolios of experienced traders, known as “lead”[Read more…]

The Blockchain Revolution The blockchain and cryptocurrency space have emerged as strong drivers of innovation and transformation, especially in the financial sector. According to industry watchers, Bitcoin Spark (BTCS), Tether (USDT), and Binance Coin (BNB) stand at the forefront of this revolution. Understanding Tether (USDT) Tether (USDT) is a stablecoin, designed to maintain a stable[Read more…]

Introduction Lucky Star Currency (LSC), a Binance Smart Chain-based altcoin token, recently became the victim of a rug pull, as reported by blockchain security firm PeckShield. This incident has cast a harsh spotlight on the growing number of malicious scams prevalent in the cryptocurrency and DeFi industry. The Rug Pull The developer of LSC, a[Read more…]

Recent BNB Transactions Recently, one of the initial adopters of Binance Coin (BNB) has re-entered the crypto trading scene, making significant moves on the Binance platform. The whale in question deposited a substantial amount of 7,005 BNB, valued at $1.48 million, into their Binance account. This individual has already amassed impressive profits, having earned over[Read more…]

Understanding the Binance Token Investigation A recent investigation by Forbes, assisted by Gray Wolf Analytics and Inca Digital, has shed light on discrepancies between Binance’s ICO in 2017 and their original whitepaper. Current State of BNB Tokens As of now, there are 154 million BNB tokens in circulation. Binance has burned 48 million tokens in[Read more…]