The crypto ecosystem surpassed 3 trillion dollars in terms of market capitalization and blockchain-based applications such as DeFi, garnering interest from retail and institutional investors. This was...
Tag: Binance
Do Kwon Pledges to Rebuild UST (This Time With Collateral Backing)
Following a failed attempt to defend the peg for the TerraUSD (UST) stablecoin, TerraForm Labs CEO Do Kwon has finally admitted that it is now embarking on a plan to “rebuild UST.” Recall that a sleut...
Binance to leverage Mobilum payment infrastructure
Mobilum Technologies Inc., a technology-driven company making crypto and digital assets accessible through conventional finance and payment infrastructure, and leading exchange Binance signed a strate...
U.S. Treasury Secretary Janet Yellen Calls for Stablecoin Regulation Amid UST Drama
Janet Yellen, the secretary of the United States Treasury, said on Tuesday that there is a need for stablecoin legislation, while noting that TerraUST (UST) is risky. Secretary Yellen Speaks On Stable...
Binance CEO Stirs Hope As Market Crashes, Here’s His Advise For Investors
Changpeng Zhao (CZ) encourages crypto traders and investors to put their emotions on check, as fear grips the market. Today, the price of Bitcoin slipped way below $30, 000 for the first time since Ju...
Blockchain Startup Flow Launches $725M Ecosystem Funds
Flow, the Web3 blockchain company powering NBA Top Shot NFT maker Dapper Labs, revealed Tuesday that it has raised $725 million in funding for its ecosystem expansion. The funding saw participation f...
Bitcoin, Binance Coin, XRP, and Dogecoin Daily Price Analyses – 10 May Roundup
The global crypto market hasn’t seen any significant changes as the losses for Bitcoin, and some other major coins persist. Though the market was continuing towards bullishness, the past 24 hours didn...
Down Bad! Institutional Bitcoin Holdings Drop by $12B Amid Bloodbath
Following a recent announcement of rate hikes by the US Fed and the ongoing bloodbath in the crypto market, the total amount of bitcoin held by large corporations has dropped by $12 billion. Instituti...
Binance suspends LUNA and UST withdrawals amid market turbulence
Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a b...
Binance Coin (BNB) Breaks Down From 348-Day Support Line
Binance Coin (BNB) is approaching a long-term support level close to $280 but has yet to show any clear bullish reversal signs. BNB has been falling since reaching an all-time high price of $691.80 on...
Binance Labs Invests in pSTAKE Finance
Binance Labs, the venture capital and innovation arm of digital asset trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respec...
Binance temporarily suspends LUNA, UST withdrawals citing network congestion
As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the...
Primex Launches Alpha Version of Decentralized Prime Brokerage Protocol on Testnet
Primex Finance, a DeFi platform connecting passive allocators with traders, is launching its first Alpha version on the upcoming testnet. The Alpha offers the vast majority of the features intended fo...
Is Binance Eyeing Italian Approval? CZ Meets Former PM Conte
After winning regulatory approval in France, crypto exchange Binance may be setting its sights on Italy next. CEO Changpeng “CZ” Zhao recently met several notable Italian politicians, including former...
Binance Suspends Withdrawals of LUNA and UST
Binance has temporarily suspended withdrawals of the two major Terra blockchain tokens including LUNA, the native token of Terra, and Terra USD (UST), Terra’s flagship algorithmic stablecoin. The exc...
LUNA Nosedives A Staggering 60% As Binance Disables Terra Withdrawals — What’s Next For UST? ⋆ ZyCrypto
Advertisement     Global cryptocurrency exchange Binance announced Tuesday it had suspended withdrawals for Terra’s LUNA and its sister token UST. The firm’s actions c...
Crypto Exchange Binance Temporarily Halts Withdrawal of $LUNA and $UST on the Terra Network ⋆ ZyCrypto
Advertisement     Leading cryptocurrency exchange, Binance has announced a temporary halting of $LUNA and $UST withdrawals. The two digital tokens run on the Terra net...
Binance Unveils New Credit Card for Displaced Ukrainians
Binance – the largest and most popular digital currency platform by daily trading volume – says that it is unveiling a new cryptocurrency-based credit card to be used by Ukrainians that have been disp...
El Salvador Acquires 500 Bitcoins ($15.5M) Amid Market Sell-Off
The Central American nation of El Salvador has bought the dip yet again, adding another 500 bitcoins ($15.5M) to its portfolio amid the recent massive market sell-off. Buying the Dip El Salvador’s pre...
BTC Must Drop to $3562 Before We Get Margin Call
MicroStrategy CEO Michael Saylor has confirmed that the company is under no immediate pressure to liquidate its Bitcoin (BTC) holdings despite prevailing market conditions. In fact, the price of bitco...
Binance Halts LUNA Withdrawals as Terra Token Plummets 50%
Binance announced that withdrawals for Terra’s LUNA and UST tokens had been “temporarily suspended” today. The firm halted withdrawals “due to a high volume of pending withdrawal transactions,” addin...
Instagram to Start Rolling Out NFTs
Adam Mosseri, head of Instagram, disclosed via Twitter that the social platform will start testing NFTs with selected creators and collectors from the United States before spreading to other users gr...
Binance Temporarily Suspends LUNA Withdrawals
Top cryptocurrency trading platform Binance has halted LUNA and UST withdrawals due to network congestion and slowness. Due to a significant volume of outstanding withdrawals, LUNA and UST withdrawals...
Luna Foundation Guard Empties $2.2B Bitcoin Wallet to Save UST
The Luna Foundation Guard (LFG), a non-profit organization aimed at bolstering the Terra blockchain, has recently emptied $2.2 billion worth of bitcoin from its Bitcoin reserve to save the Terra stabl...
Binance CEO Remains Bullish on Crypto After Massive Crash
Alex Dovbnya Binance CEO Changpeng Zhao has urged traders and investors to control their emotions as extreme fear grips the market Binance CEO Changpeng Zhao remains unfazed by the most recent cryptoc...
Binance halts UST and LUNA token withdrawals
The price of the Terra (LUNA) cryptocurrency fell 60%, under $25 for the first time since September 2021, as of press time. Following these developments, crypto exchange Binance announced that it was ...
Binance Halts Terra Withdrawals Amid UST Meltdown
Key Takeaways Binance has halted LUNA and UST withdrawals, citing “high volume of pending withdrawal transactions.” UST spiralled as low as $0.62 on Binance early Tuesday, while LUNA crash...
Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins
The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has re...
LUNA Sinks As Binance Suspends Withdrawals Of Tokens Amid Market Turmoil
LUNA is bearing the brunt of a major turbulence taking shape in the broader crypto market. The de-pegging of the UST stablecoin from the U.S. dollar has caused chaos on Satoshi Street. Tuesday morning...
Binance Coin price analysis: Bulls find support as BNB recovers $325
TL;DR Breakdown Binance Coin price analysis suggests an upwards movement to $350 The closest support level lies at $300 BNB faces resistance at the $349 mark The Binance Coin price analysis shows that...
Binance, Huobi And OKX May Face Fresh Sanctions Against Russia
Binance, the leading cryptocurrency exchange by marketcap, might trigger regulatory officials to issue yet another sanction. Seychelles based exchange OKX, and Singapore based Huobi, might also on a g...