BNB

Binance Burns Over 2 Million BNB Tokens Valued At $636 Million

January 18, 2024 1 min read

Binance crypto exchange announced the successful completion of the 26th quarterly Binance Coin (BNB) token burn via the BNB Chain. The burn event, which included the auto-burn process and the Pioneer Burn Program, resulted in a significant reduction in the native token’s circulating supply. During the most recent burn event, the Auto-Burn process, which is designed to run independently of Binance’s centralized exchange (CEX), removed a significant 2,141,487.27 BNB from

Solana’s price drops after the December rally; BNB regains market position

December 29, 2023 1 min read

Following an impressive December rally in which Solana’s price increased by 120%, the crypto experienced a cooling-off period in the days following Christmas. Solana briefly surpassed Binance’s BNB in market cap during the rally. During an impressive December rally, Solana’s market cap briefly surpassed that of BNB. However, Solana entered a correction phase after Christmas, retracing from its yearly high of $123 to below $100. Solana is currently trading at

Binance Coin (BNB) surges by over 12% with Sleepless AI launch on Binance

December 27, 2023 1 min read

Binance’s native token, BNB, saw a 12% increase in value following the announcement of Sleepless AI (AI), the 42nd project on Launchpool. The project introduces a one-of-a-kind gaming platform that combines artificial intelligence (AI) and blockchain technology to bring innovation to the gaming industry. Binance users can farm AI tokens for seven days starting December 28, 2023, by staking BNB, FDUSD, and TUSD. The launch of Sleepless AI on the

Binance’s market share falls amid U.S. legal issues but shows signs of recovery after paying a $4.3 billion fine

December 26, 2023 1 min read

Binance, the world’s largest crypto exchange, saw its market share decline this year due to legal issues in the United States. The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) stepped up their investigations into Binance, accusing the platform of a variety of violations, including transferring US customers to its global platform and engaging in wash trading. The legal issues, combined with the recent collapse

Former SEC Chairman Warns of Binance’s Growing Legal Problems in the Face of DOJ and SEC Probe

December 11, 2023 1 min read

Former SEC Internet Enforcement Chief John Reed Stark recently shared his thoughts on Binance, the global cryptocurrency exchange, and its mounting legal problems. His remarks shed light on the intense scrutiny directed at Binance and its former CEO, Changpeng Zhao (CZ) by both the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Stark emphasized Binance’s extraordinary level of scrutiny, citing DOJ documents that reveal the extent

Binance Labs & BNB Chain Open New Founder-focused Track to Incubate 100 Early-stage Projects

November 24, 2023 4 mins read

DUBAI, UAE, November 24th, 2023 Binance Labs, in partnership with BNB Chain and CMC Labs, has introduced a new Founder Track to the Most Valuable Builder (MVB) Accelerator Program. MVB, now in its 7th season, is an accelerator program jointly organized by Binance Labs and BNB Chain. The program was launched in 2021 with a focus on supporting builders and growing the BNB Chain ecosystem. This season, the organizers are welcoming CMC Labs to

BNB surges to $258 despite Binance facing $4 billion settlement as US justice department demands resolution

November 21, 2023 1 min read

Binance is presently facing a big obstacle as the US Justice Department allegedly wants to pay over $4 billion to end an extensive investigation. If granted, this demand might lead to one of the biggest crypto settlements ever. As per the reports from Bloomberg, the request from the Justice Department is a component of the resolution to the ongoing investigation into Binance’s operations. Furthermore, there are hints that the founder

BNB Chain Introduces Layer 2 Testnet Built on Optimism’s OP Stack

June 19, 2023 1 min read

BNB Chain, a leading decentralized ecosystem for the creation of decentralized applications (dApps), has introduced the opBNB testnet. The testnet is built on Optimism’s OP Stack, a layer-2 scaling solution for Ethereum, and is designed to address network congestion and high fees on BNB Chain. The opBNB testnet is expected to achieve speeds of 4,000 transactions per second (tps) at a cost of 0.005 U.S. cents per transaction. This is

Binance Coin Whale Awakens After 2 Years of Dormancy, Liquidates $2.3 Million in $BNB

June 14, 2023 2 mins read

A major holder of Binance’s native token, BNB, has emerged after a two-year dormancy, recently selling a portion of its holdings on the market. This strategic move has resulted in substantial profits and has caught the attention of the crypto community, indicating a noteworthy shift in the behavior of crypto whales. As Binance, the leading cryptocurrency exchange, faces a lawsuit from the Securities and Exchange Commission (SEC), this article explores

Crypto Prices Experienced Significant Drops of 25% or More Yesterday

June 11, 2023 1 min read

The cryptocurrency market experienced a significant crash yesterday morning, with many altcoins losing significant value. Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, also experienced losses, but to a lesser extent. The crash was likely triggered by a combination of factors, including the recent lawsuits filed by the Securities and Exchange Commission (SEC) against major crypto exchanges, Coinbase and Binance. The SEC has alleged that these exchanges violated

Binance US Forced to Stop USD Transfers Amid SEC Investigation

June 9, 2023 1 min read

The recent developments surrounding Binance US continue to bring bad news for the cryptocurrency exchange. Following the US Securities and Exchange Commission’s (SEC) lawsuit against Binance’s US arm, the exchange has now announced the immediate suspension of USD deposits. Additionally, Binance US customers have been notified that banking partners are preparing to suspend fiat (USD) withdrawal services as early as June 13. These measures are a direct result of the

Binance Accused by SEC of Redirecting $12B to Companies Owned by CEO Changpeng Zhao

June 8, 2023 2 mins read

Binance, one of the world’s largest cryptocurrency exchanges, and its CEO Changpeng ‘CZ’ Zhao, along with Guangying ‘Helina’ Chen, are facing serious allegations by the Securities and Exchange Commission (SEC). According to court documents, the SEC claims that billions of dollars of customer funds were received by Zhao and Chen through their holding company. The regulatory body has presented evidence suggesting that the funds were funneled through an intermediary holding