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“# Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto ” The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com…
“# Not so safe? SafeMoon’s parabolic rally isn’t sustainable, traders warn ” SafeMoon, the token on Binance Smart Chain widely recognized as the Tiktok meme coin, is seeing massive volatility after its massive gains in the past week. According to the data from Dex.Guru, which tracks alternative cryptocurrencies on various blockchains, the price of SafeMoon…
“# EU regulators reportedly scrutinize Binance over securities law compliance ” Cryptocurrency exchange Binance’s latest product — digital stock tokens representing fractions of equity shares like Tesla and Coinbase — is reportedly being studied by European and British regulators over its possible non-compliance with securities laws. A new report from the Financial Times claims that…
“# PancakeSwap eclipses Ethereum network in 24-hour transactions ” Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap over a 24-hour period compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of the occurring over the same 24-hour period. The top…
“# Binance has appointed new head of ‘Greater China’ ” Following the high-profile appointment of Brian Brooks to CEO of Binance.US, it has come to light that the Malta-based parent company has reshuffled its executive leadership by appointing Terence Zeng as head of Greater China. Zeng reportedly graduated from John Hopkins University and possesses a…
“# Former currency comptroller to become CEO of Binance.US crypto exchange ” Brian Brooks, the former acting comptroller of the currency of the United States Office of the Comptroller of the Currency, is set to become the new CEO of major cryptocurrency exchange Binance.US. According to a Tuesday announcement, Brooks will replace current Binance.US CEO…
“# NFTb launches NFT marketplace focused on environmental sustainability ” NFTb, a nonfungible token platform built on the Binance Smart Chain, is launching a new version of its marketplace focused on supporting social causes and providing artists with more affordable listing options. The new marketplace connects artists and leading charities, allowing anyone to auction their…
“# Binance Coin regains 20% in a day: Why is BNB seeing such a strong recovery? ” The price of Binance Coin (BNB), the native cryptocurrency of Binance and Binance Smart Chain, rallied by more than 20% in the last 24 hours. BNB/USDT 15-minute price chart (Binance). Source: Tradingview.com The swift recovery comes after a…
“# Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users ” Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield…
“# Record $600M BNB burn suggests Binance made $750M in profit in Q1 ” Binance Coin (BNB) saw its 15th burn to date on Friday. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned…