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Solana (SOL) Flips BNB But These Altcoins Are Outperforming 

Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021. Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from...
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Binance is Saved: CZ Jokes About Rumors of Jim Cramer Endorsement

Changpeng Zhao – CEO of Binance – dismissed the speculation that the popular TV personality Jim Cramer declared his approval of the largest cryptocurrency exchange.  Some crypto proponents joked that this is actually good news for the trading venue, considering Cramer’s controversial statements and predictions in the past. The host of CNBC’s “Mad Money” has...
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Here’s a List of Some of the Tokens the SEC Has Called a Security so Far

The cryptocurrency data aggregator CoinGecko added a new section on its website showing the top 48 crypto assets deemed securities by the US SEC.  The combined market capitalization of those digital currencies is currently over $91 billion, representing 7.5% of the whole $1.21 billion cap.  CoinGecko introduced a new index that tracks the performance of some...
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Binance Burns Over $480 Million Worth of BNB in 24th Quarterly Burn

The world’s largest cryptocurrency exchange – Binance – completed its 24th quarterly burn of its native token, burning 1,991,854 BNB.  The development, carried out every three months, should help the company reduce the overall supply of the coin to 100 million.  Binance informed that its most recent BNB burn equaled approximately $484 million.  The process also...
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Binance Lawyers Claim Gensler Offered to be Company Advisor

On June 7, attorneys from Gibson Dunn and Latham & Watkins, two of Binance’s law firms, made a court filing in response to the latest SEC crackdown. In it, they claim that SEC Chair Gary Gensler offered to serve as an advisor to Binance’s parent company in 2019. According to the filing, Gensler met with...
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Alt Season is Here According to Arthur Hayes

Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively...
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Binance Will Convert $1B Into BTC, BNB, ETH, Bitcoin Price Skyrockets to $22.6K

The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US – Silicon Valley Bank – experienced what was essentially a bank run and was forced to shut down by authorities to prevent further panic. The government, in the face of the Federal Reserve and the...
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Arab World Crypto Adoption: Leading Bahrainian Hotel Accepts BTC Payments (Report)

Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment.  Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent...
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Here’s When Paxos Will Stop Minting Binance USD (BUSD)

The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21.  Despite this, the firm said it has a “strong corporate balance sheet” and vowed to continue servicing new and existing clients. Ending the Relationship With Binance As directed by the New York State...
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Binance to Distribute $5M Worth of BNB to Earthquake-Affected Turkish Users

The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake.  It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute. Binance vowed to airdrop $100 in...
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Binance Burns $620 Million Worth of BNB

The world’s largest cryptocurrency exchange continues with its goal to reduce the overall BNB in circulation to 100 million. To do so, the company announced completing the 22nd burn of its native token. Binance’s statement informed that it has removed 2.064 million BNB from circulation, worth almost $620 million at today’s prices. The 22nd burn...
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Binance Shouldn’t be Responsible to Every User’s Loss in the Industry: CZ

Binance’s CEO, CZ, had an ask-me-anything (AMA) session on Twitter and answered community questions, mostly related to the FTX fallout and how he thinks the industry will move forward. In essence, CZ believes that this is a cleansing event that will eventually turn out to be a good thing. However, he still believes there will...
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Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash

Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose is to grant customers maximum protection in case of another possible negative event. Changpeng Zhao (CZ) tweeted that his trading venue topped...
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BNB Chain Lays out its Future Plan Focusing on Decentralization and Interoperability

To address the criticism of centralization over its Binance Smart Chain (BSC), Binance in February announced the merge of BSC and BNB Beacon Chain (previously known as Binance Chain) to form the Build N’ Build (BNB) Chain – which was branded as more decentralized and with higher scaling capabilities. BNB Chain put out its technical...
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Avalanche, BNB Chain, and Polygon Growth Stable Despite Q1 2022 Market Hiccups (Report)

Leading blockchain data analytics platform Nansen recently released its quarterly analysis report, which revealed that the crypto market had witnessed a decline in 2022 compared to its 2021 activity volume. The report, however, pointed out that the performance of leading blockchain networks, Polygon, BNB Chain, and Avalanche, remained fairly stable, with Avalanche standing out as...
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SBF Calls the New BNB Burn Formula “Interesting”

FTX’s CEO Sam Bankman-Fried (SBF) posted a thread of tweets where he examined the BNB burning mechanism – shortly after Binance’s cryptocurrency went through its 19th scheduled burn. The 30-year-old CEO concluded that the “burn doesn’t drive price,” but “price drives burn.” CryptoPotato reported earlier this week the latest burning of BNB, in which more than $740...
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Binance Burns Another $740M Worth of BNB, CZ Says It Proves Deflationary Mechanism

The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the trading venue – argued that the process proves the deflationary nature of the asset. BNB Chain (BNB) – the native token of the world’s largest...
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Thailand’s Leading Power Company Gulf Energy Invests in Binance US and BNB

Thailand’s Gulf Energy Development Public Company Ltd. recently announced that it had made a significant investment in the US affiliate of the leading cryptocurrency exchange, Binance. Gulf Invests in Binance US and BNB According to a regulatory filing with the Thailand Stock Exchange today, the Thailand-based energy company revealed that it had invested in “Series...
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Binance Smart Chain and BNB Beacon Chain Unite Under a New Brand

The new brand, meaning Build and Build (BNB), will consist of BNB Beacon Chain (previously known as Binance Chain) and BNB Smart Chain (previously BSC), explained the exchange. Upon launching Binance Smart Chain during the DeFi boom in 2020, the world’s leading crypto exchange faced criticism over developing a decentralized ecosystem that was actually too...
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BSC-Based DeFi Project Qubit Finance Exploited for $80 Million in BNB

The Binance Smart Chain-based protocol Qubit Finance reported being hacked for $80 million worth of BNB. The attackers managed to create the illusion that they had deposited large amounts of xETH collateral. The blockchain security resource PeckShield reported last night that the DeFi project could have become a victim of a security breach. Later on,...
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Over 1.6M BNB Removed In Binance’s First Quarterly Auto-Burn

Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network than ever before. According to a blog post from Binance, the burn removed 1,684,387.11 BNB. At the time of writing, that’s $798,887,962 worth of tokens. 6296 of...
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Binance CEO Changpeng Zhao is the World’s 11th Richest Person, Net Worth at $96B According to Bloomberg

Bloomberg Billionaires Index has estimated the net worth of the Binance chief CZ to be at a whopping $96 billion. He is now the world’s richest crypto billionaire after surpassing some of the most popular names in the tech industry. From Flipping Burgers to Becoming a “Fixture” in the UAE It all started when Bobby...
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Binance Smart Chain Activates Real Time BNB Burning Mechanism

Binance Smart Chain (BSC) recently activated BEP-95, which integrates a real-time burning mechanism into its tokenomic structure. From now on, a fixed ratio of gas fees collected by BSC validators will be burned in each block. The Real-Time Burn Begins BSC announced the new mechanism’s launch over Twitter earlier this week. Its burn ratio –...
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Binance CEO Changpeng Zhao Owns Only Bitcoin (BTC) and Binance Coin (BNB)

Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio. CZ Bought Bitcoin in 2014 Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of...
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Binance Burns Almost $640 Million Worth of BNB Tokens

Binance recently completed its 17th token burn. Over 1 million BNB were removed from circulation, comparable to previous burns. However, due to increased token value, this is the highest value burn of BNB to date. Binance announced the recent burn on their site earlier today – the 17th burn since the first in October 2017....
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Binance Announces $1 Billion Fund to Propel Binance Smart Chain Ecosystem

The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem. Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain. According to the official release, the program...
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MetaMask Celebrates 10 Million Monthly Active Users: 1800% Yearly Growth

Metamask wallet recently broke another personal record for growth and now has over ten million monthly active users of their wallet. In celebration, they will be hosting a party on Decentraland, coupled with a live stream of the event for those who can’t join. Another Milestone for Metamask After announcing their achievement on Tuesday, the...
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Binance Restricts Derivatives Products in Hong Kong

The world’s leading cryptocurrency exchange continues to tailor its product suite in a way that caters to customer protection regulations. In a recent announcement, the exchange revealed that users from Hong Kong “will not be able to open new derivatives products accounts,” with immediate effect. Moreover, “with effect from a date to be announced in...
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Bitcoin Spikes to a 2-Month High Above $42K: Up 25% in July (Market Watch)

Bitcoin has initiated another leg up, resulting in charting a new two-month high of just over $42,000. Apart from Chainlink, most alternative coins trail behind, and BTC’s market dominance has increased to well above 48%. Bitcoin Taps a 2-Month High As reported earlier this week, bitcoin went on a tear after dabbling with the $33,000...
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Crypto Price Analysis & Overview July 30th: Bitcoin, Ethereum, Ripple, Binance Coin, and Solana

Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level...
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Bitcoin (BTC) $ 70,038.77 1.14%
Ethereum (ETH) $ 3,545.55 1.31%
Tether (USDT) $ 1.00 0.20%
BNB (BNB) $ 612.96 4.18%
Solana (SOL) $ 185.38 0.66%
Lido Staked Ether (STETH) $ 3,536.64 1.23%
XRP (XRP) $ 0.62286 0.00%
USDC (USDC) $ 1.00 0.21%
Dogecoin (DOGE) $ 0.215188 0.18%
Cardano (ADA) $ 0.646487 0.87%