Category Archives: BSC News

BNB Burn Announcement According to the BNB burn portal, Binance will burn 1.99 million BNB tokens as part of its 24th quarterly burn mechanism. This initiative aims to reduce the total number of BNB tokens in circulation and maintain a balanced token supply. BNB Auto-Burn System Binance has implemented a process called BNB Auto-Burn to[Read more…]

The Collapse of Silvergate, Signature, and Silicon Valley Banks The collapse of Silvergate, Signature, and Silicon Valley Banks left the crypto industry reeling with countless Twitter Spaces framing the event as a deliberate “Operation Chokepoint 2.0.” Binance’s Tight Situation For Binance, the world’s biggest crypto exchange, it turned out to be a particularly tight situation,[Read more…]

Binance Announces Quarterly Burn of Binance Coin (BNB) Binance exchange has announced that the 24th quarterly burn of Binance Coin (BNB) has been automatically executed. The latest burn involved the destruction of 1.99 million BNB tokens with a value of $619.4 million. Total of 183.13 Million BNB Tokens Burned So Far Binance, the world’s largest[Read more…]

In a period of uncertainty in the cryptocurrency market, Binance Coin (BNB) futures have seen a surge in open interest. According to sources, the total open interest has reached a five-month high of 1.57 million BNB ($360 million) as of June 12th, marking an increase of over 8% in the past few weeks. The significance[Read more…]

It’s Getting Worse for Binance Coin (BNB): Watch Out For This! 18:36 July 17, 2023 COINTURK NEWS Author: COINTURK NEWS Despite being the largest cryptocurrency exchange in terms of trading volume, Binance continues to face troubles. These ongoing issues are also causing problems for Binance Coin (BNB). BNB has been unable to recover in this[Read more…]

Introduction On July 17, Binance, the world’s largest crypto exchange, made an exciting announcement regarding the launch of the arkham (ARKM) token sale on its launchpad. This project marks the 35th addition to the platform’s growing portfolio. Unique Launch Mechanics Unlike previous token launches, the ARKM launch will incorporate special measures to safeguard investors from[Read more…]

Binance Announces Integration of Bitcoin Lightning Network Binance, one of the leading cryptocurrency exchanges, has successfully integrated the Bitcoin Lightning Network into its platform. This integration brings a layer-2 scaling solution to Binance users, enabling seamless BTC withdrawals and deposits. In a recent blog post on July 17, 2023, Binance shared the exciting news with[Read more…]

Binance Integrates Bitcoin (BTC) on Lightning Network Binance, one of the world’s largest cryptocurrency exchanges, announced on July 17th the integration of Bitcoin (BTC) on the Lightning Network. This integration allows users to deposit and withdraw BTC on Binance using the Lightning Network. The Lightning Network is a Layer-two scaling solution for Bitcoin, enabling faster,[Read more…]

Ripple’s Victory and Altcoin Listings After Ripple’s victory in the SEC case, expectations for other altcoins have risen, leading crypto exchanges to resume listing XRP. Significance of Ripple’s Victory Ripple’s victory has significant implications as it directly relates to the SEC’s lawsuits against Coinbase and Binance. The SEC accuses Coinbase and Binance of selling unregistered[Read more…]

Binance Embraces the Bitcoin Lightning Network Binance, a cryptocurrency trading platform, has successfully integrated the Bitcoin Lightning Network. Users can now make bitcoin deposits and withdrawals. The announcement comes a little under a month after the exchange revealed its intentions to incorporate the Bit Lightning Network. Utilizing Layer-2 Scaling Solution Binance customers can utilize the[Read more…]