BNB’s price has not dropped below its prior low and appears to be trending upward. The native token of the Binance Smart Chain is trying to go upward and return to its previous high after a period of declining movement. Technical Data Suggests a Continued Uptrend for BNB 4-Hour MACD: When examining the MACD indicator … Read more
The criminal trial involving two of Binance’s principal workers and the cryptocurrency exchange will not begin until May 17. This deferral was ordered by the Nigerian court as Binance had not received official charges. However, the Federal Inland Revenue Service (FIRS) accused the defendant of engaging in tax evasion, and this led to the trial. … Read more
Based on data from Artemis, user activity on BNB Chain [BNB] has decreased to a 30-day low. The Layer 1 (L1) blockchain’s daily count of addresses that completed at least one transaction was merely 1.1 million as of 17 April, according to the on-chain data source. This represents a 21% decline from the 1-month high … Read more
The Indian government originally outlawed Binance, but now it is poised to return after agreeing to pay a hefty fine of about $2 million. The largest cryptocurrency exchange in the world is reportedly getting ready to reenter the Indian market, with the Financial Intelligence Unit (FIU) of the finance ministry serving as its watchdog. This … Read more
Binance has transferred $1 billion from its Secure Asset Fund for Users (SAFU) to USD Coin (USDC), the stablecoin created by Circle. This means that the fund now accounts for about 3% of the stablecoin’s total supply that is in circulation. The SAFU was created in 2018 to reimburse users of Binance for unanticipated losses … Read more
Bitcoin exchange Binance is thinking about coming back into the Indian market after being prohibited there in late 2023. The possible re-entry would come with a $2 million fine. Reopening of the platform would require registration with the Financial Intelligence Unit (FIU) of the finance ministry. The FIU is in charge of overseeing the trading … Read more
Following its recent announcement of an excellent Quarter-on-Quarter (QoQ) boost, BNB Chain’s income experienced a decline. For those who are unaware, BNB Chain is the blockchain network that facilitates decentralized applications (dApps) and smart contracts. It is not the same as Binance Coin [BNB], Binance’s exchange cryptocurrency. As per Artemis, the total revenue recorded on … Read more
Due to the firm’s previous work for rival exchange FTX, the Department of Justice (DOJ) is apparently rethinking its decision to award a significant assignment pertaining to Binance to a well-known New York legal firm. The Financial Crimes Enforcement Network (FinCEN) of the Treasury Department and the Department of Justice (DOJ) required court-ordered supervision for … Read more
Following four days of farming, Omni Network’s native token, OMNI, will be launched on Binance on April 17. Omni Network (OMNI) has been announced as the 52nd Launchpool project by Binance, the largest cryptocurrency exchange in the world based on trade volume. The native coin of the network is OMNI. Omni Network (Omni), founded by … Read more
The first Layer 2 solution for BSC without using a roll up of any other layer 2 solution. Matrix Reserve is bringing a revolution to DeFi with the launch of Matrix Pulse Network, a Layer2 solution built for the Binance Smart Chain (BSC). This new technology promises to address the challenges of slow transactions and high fees that plague … Read more