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Binance has launched the BounceBit (BB) Megadrop, inviting cryptocurrency enthusiasts to participate by subscribing to BNB Locked Products or completing Web3 Quests. The BB token will be listed on Binance on May 13, 2024, offering various trading pairs and maximizing rewards.
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip.
In the dynamic world of cryptocurrencies, where innovation and evolution are the norms, Binance, one of the leading exchanges, has once again made headlines with its latest token burning event. In its 27th quarterly burn, Binance has successfully removed a staggering amount of its native token, BNB, from circulation, signaling its commitment to tokenomics and supply reduction strategies.
The BNB Foundation has successfully completed its 27th quarterly token burn, removing approximately 1.944 million BNB tokens from circulation, valued at nearly $1.17 billion.
Binance burned 1.94 million Binance Coin tokens, removing them from circulation.
The Binance Foundation on 24th April completed its 27th quarterly BNB token burn by the BNB Chain. During this process, a total of 1,944,452.51 BNB tokens were burned which were valued at approximately $1.17 Billion at the time of burn.
Binance, one of the leading cryptocurrency exchanges, has announced its plan to gradually cease support for deposits on the BNB Beacon Chain (BEP2). The sunset of the BNB Beacon Chain is expected to be completed by June 2024.
The cryptocurrency market is slightly rising, according to CoinMarketCap.
BNB's recent ascent follows a pattern of resurgence, with the coin breaking through key resistance levels and demonstrating resilience in the face of market fluctuations. As of the latest data, BNB is trading above $580, supported by the 100 simple moving average on the 4-hour chart, signaling a bullish trajectory.
BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630.
Bitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?
BNB's upswing may become weak if the OI drops, but analysis shows it is unlikely.
Following a noteworthy recovery after its recent halving, Bitcoin has sparked anticipation among investors, suggesting a potential upward trend for altcoins such as BNB, NEAR, MNT, and RNDR. The cryptocurrencys resilience could signal a broader bullish movement in the digital asset sector.
The crypto industry has recorded increased buying pressure within the market over the past weekend, highlighting an increase in the price action. Moreover, the market leader, Bitcoin price, has surpassed the $66,000 mark post Bitcoin-Halving, suggesting a positive outlook for the crypto space.
Weekly crypto price analysis for major tokens such as Bitcoin( BTC), Ethereum (ETH), Binance(BNB), Solana(SOL), XRP, Cardano(ADA), and Dogecoin(DOGE) shows a promising outlook for the market. Most digital assets display sideways trend momentum and challenging resistance levels, with slight correction over the past 24-hours.
Bitcoin surprised traders with a strong rebound after the halving, possibly setting a bullish path for BNB, NEAR, MNT and RNDR to follow.
The price of Binance Coin (BNB) is in a sideways trend after the end of the uptrend on March 13, 2024.
BNB Chain has started the process of transferring the Beacon Chain's functionalities over to the BSC.
The price of BNB hasn't fallen below its previous low, and it's showing some strong signs of heading up. After a spell of moving downward, the Binance Smart Chain's native token is aiming for an upward bounce back towards its earlier high.
Welcome to the first episode of GoCrypto with Mike Ermolaev, an interview series brought to you by GoMining. This interview with the BNB Chain Core Development Team laid out their visions for both immediate and distant horizons of blockchain
In this article we will explore how the distinctive features of BNB can be used to build a trading strategy.
Binance has converted all of the crypto in its $1 billion emergency insurance fund into the stablecoin USDC. The top global crypto exchange established the “Secure Asset Fund for Users” (SAFU) in 2018 to protect Binance users from “extreme situations.
Bitcoin remains stuck inside a range after traders aggressively purchased the dip, indicating solid demand at lower levels.
The decline in user activity on BNB Chain has resulted in a drop in network fees and revenue.
