Binance Coin (BNB) hits a new all-time high one day before its token burn

Over the past 6 months, Binance Coin (BNB) has been quietly rallying higher, gaining 189% during this period and notching a new all-time high at $46.90 on Jan. 18. This price peak happened just one day before its quarterly token burn, leading investors to question whether or not BNB price will move higher once the event concludes.  A token burn is a permanent removal of coins from circulation and this deflationary technique is a common practice used by many projects in the crypto sector. As Cointelegraph reported, the process does…

Read More

Binance Visa cards are now shipping to European customers

Binance, the world’s largest cryptocurrency exchange, has started shipping its physical Binance Visa cards in the European Economic Area. According to a Dec. 14 announcement, users in the EEA region will soon receive their physical Binance Visa cards. Customers that already ordered the card can now complete the delivery process in their card wallet. In conjunction with debuting its physical cards in the EEA region, Binance also added Ether (ETH) support to its crypto debit card so customers can now pay with the altcoin. “Simply transfer Ethereum to your Card…

Read More

Binance introduces farming of Chiliz PSG and JUV tokens on Launchpool

Cryptocurrency exchange Binance has announced a strategic partnership with sports and entertainment fan-token issuer Chiliz. In a Dec. 14 post, the exchange announced that, as the first milestone of this partnership, Chiliz fan-tokens for Paris Saint Germain (PSG) and Juventus (JUV) football clubs would be the latest featured on its Launchpool platform. As Cointelegraph reported, the Launchpool platform allows users to stake tokens for up to 30 days in order to farm certain reward assets, just before those assets are listed in Binance’s innovation zone. This provides an instant marketplace…

Read More

Following Binance Uganda closure, Binance P2P makes strong inroads in Africa

Following the announcement of a disappointing closure of a Ugandan subsidiary in October, Binance — the world’s largest cryptocurrency exchange — released a blog post yesterday indicating that another initiative, Binance P2P, is making strong inroads across the world’s second-most populous continent.  Titled “P2P Merchants: Facilitating Freedom of Money in Africa,” the post highlighted the peer-to-peer trading program’s growth in the region throughout the year — most notably stating that Binance P2P has processed a total of $280 million equivalent local African currencies since March, when the program introduced coverage…

Read More

Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

Libel laws and new faces at the U.S. securities regulator lead the week’s news. Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play.  Meanwhile, the technology advances at a mind-boggling rate, and there are still enough outrageous scams, absurd tomfoolery and indeed general skulduggery to keep everything from getting dull. Speaking of skulduggery, I will begin this…

Read More

Binance briefly pauses Ethereum withdrawals as network suffers ‘minor hard-fork’

The Ethereum (ETH) network has suffered what looks like a hard fork today as reports emerged of outages and irregularities on infrastructure providers Infura and Blockchair. While initially it was believed to be an internal issue in Infura, a hosting service used by some exchanges and service providers to interact with the Ethereum network, independent node operators have reported issues as well. During the incident, Binance paused withdrawals, and its CEO Chanpheng Zhao referred to a “possible chain split” as the culprit. The exchange has since resumed withdrawals as of 10:20 am…

Read More

Binance launches Ethereum Mining Pool with 0.5% fees

After launching its Bitcoin (BTC) mining pool in April, crypto exchange Binance has now launched an in-house mining pool for the market’s largest altcoin by market cap, Ether (ETH). For the first month, between Nov. 12 and Dec. 12, Binance is trying to attract miners by offering a zero-fee regime. After that, those contributing their hashin power to the pool will be charged a competitive 0.5% commission on their earnings. Binance’s instructions for setting up a mining pool account note that participants will need to use a Windows or Linux operating system,…

Read More

Record $816M in Bitcoin leaves Binance — Are whales preparing for a rally?

Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million. The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds. Bitcoin outflows on Binance. Source: CryptoQuant.com On-chain activity surges highlight Bitcoin whale movements In addition to the unprecedented increase in…

Read More

Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency

Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it was included on the list of prohibited domains because its website includes information about the purchase and sale of crypto assets like bitcoin (BTC). According to Roskomnadzor, Russia’s Federal Service for Supervision of Communications, Information…

Read More

Russia’s telecom regulator blacklists Binance website

Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced on its Russian Telegram channel that Russian telecom regulator Roskomnadzor has added the website to the register of platforms disseminating prohibited information. According to the announcement, Binance has been placed in the list due to distribution of data related to the acquisition of digital currencies like Bitcoin (BTC). Gleb Kostarev, Binance’s head of operations for…

Read More