Tag: binance (bnb) news

Jul 27 2021

Binance Reduces Daily Withdrawals for Unverified Accounts to 0.06 BTC

Binance has reduced daily withdrawal limits for unverified accounts from 2 BTC to 0.06 BTC Binance has also reduced leverage on new futures accounts to 20x There is also a new tax reporting tool on Binance for users who are obligated to report their capital gains The exchange has implemented the new changes as it works towards complying with regulators globally The popular...

Jul 23 2021

Binance Smart Chain Daily Transaction Count Grows by 92% in One Month

The daily transaction count on the Binance Smart Chain has increased by 92% in one month Active daily addresses on the Binance Smart Chain have increased by 33% in the same time period Dapps on the Binance Smart Chain are growing with games and play-to-earn applications leading the rest in unique wallet interactions 4 of the top 5 games on the Binance Smart...

Jul 20 2021

Binance has Now Burned Approx. $1B Worth of BNB in 2021

Binance recently carried out its 16th BNB coin burn worth $393,673,653 This was the second coin burn of 2021 with the 15th coin burn (Q1) being worth $595,314,380 The two coin burns add up to a total of roughly $1 Billion of BNB destroyed The reduction in supply is bullish for the long term value of BNB However, short-term, Binance Coin faces a...

Jul 17 2021

Binance USD (BUSD) Becomes a Top 10 Crypto, Market Cap Exceeds $11B

Binance USD (BUSD) is now ranked 10th on Coinmarketcap Binance USD's market cap has exceeded $11 Billion There are now three stablecoins in the top 10 rankings according to market cap The use of Binance USD in DeFi is gaining popularity The Binance USD (BUSD) stablecoin is now a top 10 digital asset on Coinmarketcap. Binance USD now has a total market cap...

Jul 16 2021

Binance To Cease the Purchase of Stock Tokens Effective Immediately

Binance has announced that it will cease the purchase of stock tokens on its platform effective immediately Binance will no longer support stock tokens after October 14th, 2021 Holders of the stock tokens on Binance have until October 14th to sell them manually After which all token positions will be closed on October 15th Hodlers of the stock tokens residing in the European...

Jul 15 2021

Binance Smart Chain (BSC) Was the Most Used Blockchain in Q2, 2021

The Binance Smart Chain led the rest in unique active wallets in Q2, averaging 421k Dapps on the Binance Smart Chain continue to grow, hitting 1,464 by the end of Q2 PancakeSwap is the top protocol on the Binance Smart Chain driving 28% of BSC's total value locked PancakeSwap is also the most used Dapp across all blockchains Gaming and NFTs are slowly...

Jul 09 2021

Unique Addresses on the Binance Smart Chain Hit a New ATH of 83.152M

Unique addresses on the Binance Smart Chain have hit a new all-time high of 83.152 million However, the daily transaction count on the Binance Smart chain has dropped by 66.38% since its peak value in mid-May Total value locked on the Binance Smart Chain now stands at $25.933 Billion and has dropped by 51.4% since its peak value of $57.374 Billion in mid-May...

Jul 02 2021

Binance Celebrates 4th Anniversary of its 2017 ICO Which Raised $15M

Binance successfully completed its ICO 4 years ago to date The 2017 ICO raised roughly $15 million in crypto in 16 days CZ has revealed that Binance Coin (BNB) was initially meant to have a ticker of BNC A change from BNC to BNB was done to avoid conflict with another project CZ has confirmed that the 16th BNB coin burn will occur...

Jul 01 2021

BSC, Polygon Eclipse Ethereum in Daily Transactions Due to Lower Fees

Binance Smart Chain and Polygon networks are continually eclipsing Ethereum in daily transaction count In mid-May, BSC had a peak daily transaction count of 12 million, Polygon had 9 million whereas Ethereum had roughly 1.75 million The majority of the daily transactions on these networks are happening through Dapps Binance Smart Chain and Polygon have experienced a remarkable increment of new Dapps in...

Jun 29 2021

Binance Coin’s 200-day MA Holds, as 16th BNB Coin Burn Beckons

Binance Coin is consolidating at the 200-day moving average Binance Coin has a scheduled coin burn in the next few days that should provide some enthusiasm surrounding BNB The last quarterly coin burn was in April and resulted in the destruction of 1.099M BNB worth $595.3 million Binance has committed to an accelerated coin burn program and the 16th event could equal or...

Jun 18 2021

Binance Launches the Bitcoin Dominance Perpetual Contract, BTCDOM

Binance has launched its new Bitcoin Dominance perpetual contract, BTCDOM The BTCDOM contract will have a maximum leverage of 25x and use Tether (USDT) as collateral BTCDOM is a cryptocurrency index comparing Bitcoin to the top 20 digital assets on Binance by market cap, excluding stablecoins The BTCDOM index is uncapped which means it can trade beyond the 0 - 100% range of...

Jun 16 2021

Binance Smart Chain’s Daily Transaction Count Drops by 60% in 1 Month

The number of daily transactions on the Binance Smart Chain has dropped by 60% since May's high of 11.838 million Unique addresses on the Binance Smart Chain are still growing and have reached an all-time high of 78 million Binance Coin (BNB) whales have increased by roughly 7% since mid-May The accumulation could be due to the BNB quarterly coin burn The number...

Jun 05 2021

Binance CEO: You Won’t Be Rich Using a Rich Person’s Tweets to Trade

CZ has cautioned traders and investors against using tweets of rich people to trade He explained that most rich people do not become rich by doing things according to other rich people Elon Musk has updated his Twitter profile picture to one of an anime character with laser eyes and wearing the Bitcoin logo The CEO of Tesla had earlier tweeted a meme...

May 28 2021

Binance NFT Marketplace to Officially Launch on June 24th

Binance's NFT marketplace will be launched on the 24th of June The launce will feature exclusive content from Lewis Capaldi, Trevor Jones, Michael Owen, Alphonso Davies, and eStarPro The launch will also feature NFTs from individual creators from around the world Binance NFT aims at becoming the 'ultimate destination for NFTs and digital collectibles' The team at Binance has announced that the platform's...

May 15 2021

PancakeSwap Users Exceed Uniswap’s By a Factor of 5x in the Last Week

Active users on PancakeSwap have risen to 1.7 Million in the last week compared to Uniswap's 335k PancakeSwap users have exceeded Uniswap's by a factor of 5x in the stated time period The rise of PancakeSwap is attributed to the low fees on the Binance Smart Chain An average transaction on the Binance Smart Chain costs $0.50 Daily transaction count and unique addresses...

May 09 2021

Binance Smart Chain Daily Transaction Count hits New High of 9.168M

Daily transactions on the Binance Smart Chain reached a new peak value of 9.168 million on May 3rd Since late April, the Binance Smart Chain has been handling over 7 million daily transactions Unique addresses on the Binance Smart Chain have exceeded 70.3 million On-chain metrics point towards a bullish future for Binance Coin (BNB) The number of daily transactions on the Binance...

May 08 2021

DOGE Inches Closer to Flippening BNB Hours Before Elon Musk Hosts SNL

Earlier today, Dogecoin set a new all-time high of $0.7376 The move had Dogecoin's market cap at $94.7 Billion and approx. $3 Billion from flippening BNB Dogecoin's bullish momentum is hinged on Elon Musk hosting Saturday Night Live tonight Fans of DOGE are reportedly planning 'watch parties' of the episode and could result in more gains But sellers could be targeting the SNL...

May 06 2021

Dogecoin (DOGE) Becomes a Top 3 Crypto at $0.77, Flippening BNB

Dogecoin is now ranked 4th on Coinmarketcap DOGE has edged out heavyweights such as XRP, Tether (USDT), ADA and Polkadot Dogecoin (DOGE) could become a top 3 digital asset at a value of $0.77 This is based on the assumption that BNB's market cap stays at $100 Billion Dogecoin is once again be set for a pullback but Elon Musk's SNL appearance might...

May 03 2021

Binance Coin (BNB) Becomes the 3rd Crypto With a Market Cap Over $100B

Binance Coin has become the third digital asset with a market cap above $100 Billion BNB's market cap currently stands at $100.74 Billion Binance Coin is now worth more than Zoom, SnapChat, AirBus and GlaxoSmithKline Binance Coin printed a new all-time high of $666 - Binance rate - and could keep growing The digital asset of Binance Coin (BNB) has just hit a...

May 02 2021

PancakeSwap (CAKE) Daily Transaction Count Exceeds ETH’s, Hits 1.7M

The 24-hour transaction count on PancakeSwap (CAKE) has hit 1.733 million This amount has exceeded Ethereum's at 1.427 million in the same time period Total value locked on PancakeSwap continues to hover around $10 Billion CAKE is now valued at $40, increasing by 80x since October The DeFi platform of PancakeSwap (CAKE) has reached a new milestone in terms of daily transaction count....

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