The burn removed 3,477,388 BNB—worth $60.5 million—from circulation. Binance destroys BNB every quarter to boost the price of its native cryptocurrency. But the burn did not boost the price of the token. Cryptocurrency exchange Binance on Friday announced its biggest ever coin burn—removing $60.5 million worth of BNB from circulation. The coin Read more…
With Bitcoin’s current volatility at record low levels, altcoins have gotten the most gains in June 2020. According to Binance’s new monthly report, cryptocurrencies overall delivered mixed performance, but altcoins like LINK and ADA delivered good returns. Binance recently published its June Monthly Trading Report and revealed the top cryptocurrencies with the Read more…
Crypto exchange Binance has announced the launch of its crypto debit card in Europe and the UK. Dubbed Binance Card, it’s powered by multi-asset wallet and Visa debit card platform Swipe. The card users will be able to pay with Bitcoin, Binance Coin, Swipe’s native SXP token and Binance USD Read more…
Binance-backed booking platform Travala.com has partnered with online travel agency Expedia. The partnership will enable Travala customers to book with crypto at Expedia’s 700,000 hotels and accommodations. Travala’s AVA token has surged by 30% following the news. Travala.com, a Binance-backed booking platform that allows its customers to pay for hotels with cryptocurrencies, Read more…
When cryptocurrencies first appeared in 2009 with the release of Bitcoin, the ideals of this new generation of digital currencies were clear: empower individuals to manage their own finances without reliance on a centralized force. Despite these ideals, Binance has risen up to become the de facto emperor of the Read more…
Binance Coin (BNB) is now the third cryptocurrency with a branded emoji on Twitter. The Bitcoin (BTC) emoji was added back in February and Crypto.com Coin (CRO) got its emoji last month. Binance likely paid between $50,000 and $1 million for the emoji. Binance, the world’s largest cryptocurrency spot exchange, Read more…
An hour ago, the head of the largest exchange, Binance, CZ, tweeted that trading operations on Binance had resumed. An hour before that Binance reported the completion of upgrading the spot trading system. CZ has called it the largest upgrade to date. The entrepreneur stated that in the course of working on upgrading Read more…
Binance, the leading crypto exchange globally, announced on Thursday that it had joined India’s digital asset exchange committee under the Internet and Mobile Association (IAMAI). This comes a few months after the country’s Supreme court overturned an earlier decision by the Reserve Bank of India (RBI) to ban crypto operations. Since this development, Read more…
A year after removing Bitcoin SV from its exchange in April 2019 and the mining pool operated by leading crypto exchange Binance now produces more blocks than anyone else. According to crypto statistics and services platform Coin Dance, Binance Pool is the largest miner of Bitcoin Satoshi’s Vision (BSV) blocks as Read more…
Bitcoin is likely to soar 100X or 1,000X in the long term’ ‘Macro changes to become visible by the end of 2020’ Binance CZ made an ultra-bullish bet that in the long term Bitcoin may skyrocket to $100,000 or $1,000,000 or maybe even more. However, CZ found it hard to Read more…