Binance cryptocurrency exchange’s native Binance Coin’s (BNB) 17th (quarterly) burn has just concluded. Following the event, 1,335,888 BNB (or US$639,462,868) are now removed from circulation. Further, as for the BNB Pioneer Burn Program, in the current burn phase, 17,839 BNB coins are now burned. Burn events essentially make cryptocurrencies taken out of circulation on a permanent basis, to decrease supply[Read more…]
Category Archives: BSC Updates
21
Oct
Oct
Binance, the biggest cryptocurrency exchange in terms of volume traded and the most contentious in recent months, is enacting new limitations in mainland China to comply with the country’s crackdown on cryptocurrencies. Binance also stated that it has denied access to its platform to users in China. Accounts connected to the crypto exchange will be[Read more…]
21
Oct
Oct
Another feat for the Binance Smart Chan (BSC) as the network hit 100 million unique addresses. Although, the network’s gaze is set on over 1 billion unique addresses. Coincidentally, the BSC network achieved this feat after the meet-up at Dubai and a further investment of $1 billion for the development of projects on the network. The Binance[Read more…]
21
Oct
Oct
The speed at which the NFTs sold out is a promising sign for a project seeking to become an industry leader in GameFi. All Eggs Sell Out On October 15th, Dragon Mainland’s Fire Dragon Non-Fungible Token (NFT) 1,000 global limited-edition eggs were sold out in 3 seconds. The rapid sellout came after the NFT of[Read more…]
21
Oct
Oct
Kaiko’s recent analysis points towards some key data on Binance that suggests the recent Bitcoin price rally was in the crypto exchange’s order books Binance’s Role Market data provider, Kaiko, points towards Bitcoin whales’ flurry of activities on Binance on the BTC/USDT pairing as one of the major contributors to the recent Bitcoin rally. Kaiko’s recent research has[Read more…]
17
Oct
Oct
“The Portal is Open.” Solana’s interoperability protocol Wormhole (communication bridge) now supports Binance Smart Chain (BSC). It’s worth noting that APYSwap earlier introduced the “first-ever” BSC-to-Solana bridge in May 2021. Wormhole already supports ETH-to-SOL token and NFT bridge. As of this writing, Wormhole accounts for over US$251 million in Total Value Locked (TVL). Now, Wormhole V2 is entering the acclaimed network of the omnipresent Binance Smart Chain. Ethereum[Read more…]
17
Oct
Oct
Binance’s peer-to-peer trading platform will delist the Chinese yuan (CNY) by the end of the year Suspension of the Chinese Yuan Binance took a decisive step to terminate any yuan trading pairs on its platform commencing from December 31. Last Wednesday, Oct, 13, the crypto exchange platform announced that it will terminate yuan trading from its peer-to-peer platform[Read more…]
15
Oct
Oct
Binance keeps up momentum on regulatory alignment as they hire for an important role. Fresh Faces at Binance Not even a week from another important hire, Binance has kept moving in the direction of regulatory stability. The cryptocurrency giant has appointed the former Head of International Relations at the Dubai Financial Services Authority (DFSA), Mark McGinness,[Read more…]
15
Oct
Oct
BSCs Most Valuable Builder III has revealed its monthly stars as projects receive substantial gas fee rebates. Stars Shine Bright for BSCs MVB III An array of projects on Binance’s Most Valuable Builder (MVB) III have distinguished themselves, exemplifying their ability to remain relevant and effective and follow in the footsteps of previous winners. In[Read more…]
13
Oct
Oct
Binance has allotted a US$1 billion fund to “push the adoption” of the entire blockchain industry and specifically of the Binance Smart Chain (BSC). The said fund is dubbed to be “the biggest funding program of its kind in the whole cryptocurrency industry.” Binance’s official announcement states: Binance announces the biggest funding program of its kind in the[Read more…]
