Other prominent crypto players, including Aptos Labs and Jump Crypto, have also joined Binance’s initiative. Author: Parikshit Mishra Source link
Binance Allocates Another $1B for Its Crypto Recovery Fund
Tag: Binance
Crypto Exchange Binance Dumping All FTX Tokens on Its Books — CEO Cites ‘Recent Revelations’ – Altcoins Bitcoin News
Binance is dumping all of its FTX token (FTT) holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao has confirmed. “Regarding any speculation as to whether this is a move against a competitor, it is not,” he added. “Our industry is in its nascency and every time a project publicly fails it hurts every user and every platform.” Binance Liquidating All FTX Tokens on Its Books The CEO of global cryptocurrency exchange Binance, Changpeng Zhao (CZ), announced via Twitter Sunday that his exchange is liquidating all…
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months – Altcoins Bitcoin News
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin have shed some excess weight. While Tether and Usd Coin Have Shed Billions, BUSD Climbs 22% Higher in Just Over 2 Months Before the Terra stablecoin implosion, in mid-April 2022, the dollar-pegged economy looked a whole lot different than it does today. For…
Binance CoinMarketCap Index Series kicks off by tracking top 10 crypto
Crypto exchange Binance announced it will launch its first index product, the Top 10 Equal-Weighted Index, to kick off its Binance CoinMarketCap (CMC) Index Series. The Top 10 Equal-Weighted Index will monitor the performance of the industry’s top 10 cryptocurrencies by market capitalization, such as Bitcoin (BTC) and Ethereum (ETH). Binance indices will utilize pricing information from crypto price tracker CMC, of which the crypto exchange is the owner. According to the announcement, the Equal-Weighted Index will be rebalanced monthly and is designed to help investors evaluate price and performance. The index…
Binance exchange burns $547M worth of BNB tokens
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady. Author: Ezra Reguerra Source link
Binance CEO Estimates that the Firm May Spend Over $1B on Deals by the End of 2022
Changpeng Zhao, the CEO of global leading digital-asset platform Binance has announced that the firm may spend more than $1 billion on investment by the end of 2022. Zhao, also known as ‘CZ’ made this revelation in an interview with Blomberg and claimed that Binance could spend more than $1 billion on investments and asset purchases, despite what appears to be a volatile crypto market. Recall that Binance has also invested $325 million in 67 additional projects in recent times. Meanwhile, the VC division of Binance has made several…
Decentralized Exchange Token GMX Surges Amid Binance, FTX Listings
GMX jumped to as high as $60 from around $40, data on crypto price tracker CoinGecko shows, the highest since January, when the price hit $62. The token has since pared some of its gains, changing hands at $48 at press time. Trading volume exploded, reaching $150 million in the last 24 hours, almost 20 times larger than the previous day, CoinGecko data shows. Author: Krisztian Sandor Source link
Binance opens two new offices in Brazil as team doubles since March
Changpeng “CZ” Zhao-led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto users there. According to an Oct. 3 announcement, Binance has now opened offices in São Paulo and Rio de Janeiro, with more than 150 employees to be spread across the firm’s operations in Brazil. “The exchange operates in full compliance with the Brazilian regulatory landscape and believes that regulation is the only way for the digital asset industry to…
Binance Coin (BNB) Bulls Defends Key Zone, Will The Give Up?
BNB price creates mixed feelings on the high timeframe as price forms a descending triangle on the daily chart while an ascending triangle forms on the weekly chart. BNB looks more stable as the price aims to flip the $340 resistance to set up a bullish sentiment. The price action of the Binance Coin (BNB) continues to look strong despite the price forming a bilateral chart pattern on the daily and weekly timeframe. Surprisingly Bitcoin (BTC) movement in a range has had little effect on the price of Binance Coin…
Binance founder Changpeng ‘CZ’ Zhao shares his vision of web3 opportunities at TC Sessions: Crypto • TechCrunch
When it comes to the decentralized world of crypto, few single entities loom larger or carry more weight in the industry than exchange behemoth Binance. The blockchain giant processed $34 trillion in trading volume in 2021, it says, and the exchange shows few signs of resting on its laurels as it pursues bold new bets to diversify its business. At the forefront of these changes is Binance founder and CEO Changpeng Zhao. The leader, commonly known as “CZ,” has managed to cultivate a celebrity status in the crypto space rivaled…