Page 9«..891011..»

Archive for the ‘Binance’ Category

Satoshi Protocol: First CDP on Bitcoin Layer2, 500k OSHI Airdrop with Binance wallet and BEVM – Cointelegraph

Posted: April 13, 2024 at 2:39 am


without comments

Singapore, Singapore, April 10, Chainwire On April 4th, Binance Web3 Wallet joined forces with BEVM, a leading Bitcoin Layer2, and its ecosystem project, Satoshi Protocol, to launch an airdrop campaign worth millions. Users who bridge BTC to the BEVM via Binance Web3 Wallet and borrow at least $10 SAT (USD-stablecoin) will be eligible to share a pool of 500k OSHI and 10.5 million BEVM tokens. The campaign has attracted over 30,000 participants in just 3 days since its launch.

Satoshi Protocol is the first CDP protocol built on BEVM, live on BEVM mainnet on March 28th. In addition to the Binance campaign, there's a referral program that allows early participants to accumulate points by borrowing the SAT and inviting friends.

BEVM is an EVM-compatible Bitcoin Layer 2 solution that stands out in the crowded market. By leveraging Taproot consensus, Schnorr signatures, MAST, and Bitcoin SPV, BEVM achieves the highest level of decentralization and security among all BTC Layer 2 solutions.

Satoshi Protocol is the first Collateralized Debt Position (CDP) protocol built on BEVM, aiming at providing liquidity for BTC through the SAT dollar stablecoin, expanding the scenarios of BTCFi. This move unlocks trillion-dollar liquidity within the Bitcoin ecosystem, offering users a way to maintain Bitcoin holdings while gaining liquidity.

The Bitcoin ecosystem is experiencing a renaissance. Recent advancements like inscriptions and scaling solutions have revitalized the ecosystem. Satoshi Protocol's team views the upcoming halving and the launch of the Runes protocol as poised to attract a wave of new users.

However, a critical challenge persists the lack of a reliable, fiat-pegged crypto for seamless trading and efficient market pricing. This is where Satoshi Protocol steps in. By enabling users to borrow SAT with their Bitcoin as collateral, Satoshi Protocol offers a reliable liquidity solution within the Bitcoin ecosystem.

In the past month, Satoshi Protocol has built a strong community, with 60,000+ followers onTwitter and 70,000+ members acrossTelegram andDiscord.

Lets see what they have achieved:

The Satoshi Protocol utilizes a sophisticated system to maintain a stable peg of $1 for SAT. This system combines several mechanisms: over-collateralization, permissionless liquidation, stability pools, and arbitrage. Additionally, it features OSHI, a utility token granting holders 97.5% of the protocol's revenue.

For more details about OSHI and sOSHI, refer to the official documentation: OSHI & sOSHI.

Collateralized Borrowing

When borrowing SAT, users must maintain a minimum collateral ratio (MCR) of 110%. This means the borrowed amount cannot exceed 90.9% of the deposited BTC value.

Liquidation

A liquidation is triggered if a user's collateral value dips below 110% (MCR) due to price fluctuations. The user's BTC collateral is sold at a discount to Stability Pool providers to repay the SAT loan. This mechanism protects the protocol and prevents borrowers from taking on excessive debt.

BEVM and Satoshi Protocol recently joined forces with Binance Web3 Wallet to offer a total of 10.5M $BEVM and 500k OSHI Token Airdrop.

By using Binance Wallet to complete tasks like bridge to BEVM, and create positions on Satoshi Protocol, you'll be eligible to share the rewards.

Duration: 2024/04/04-2024/05/04

Rewards: 10,500,000 BEVM and 500,000 OHSI

Tasks:

Join Binance Wallet Airdrop Campaign

STEP 1: Users should go to Campaign Landing Page, and connect Binance Wallet

STEP 2: Withdraw BTC and bridge to BEVM

STEP 3: Users should go to Satoshi Protocol, and create Position

Users should go to Satoshi Protocol, and Connect Wallet

Binance Wallet Mobile tutorial: Create Position Using Binance Web3 Wallet

Upon completing all those steps, the user becomes qualified for the BEVM and OSHI airdrop!

Satoshi Protocol represents a glimpse into the future of Bitcoin finance. By leveraging the BEVM and a robust CDP model, it allows users to borrow BTC-backed stablecoin SAT and expand the possibility for Bitcoin Ecosystem.

Binance Wallet launched an airdrop campaign with a total of 10.5M $BEVM, 500K OSHI for those who bridge BTC to BEVM and create positions on Satoshi Protocol, which is also Binance Wallet's first integration with a Bitcoin Layer 2 solution. BTCFi is heading west.

Built on BEVM, it's the first CDP protocol to unlock the true potential of Bitcoin. Unleash unprecedented liquidity through SAT, a stablecoin designed to supercharge the booming BTCFi market.

To learn about Satoshi Protocol, users can follow:

Website | Web APP | Twitter | Telegram | Discord | Docs | Blog

Marketing

Hugo

Satoshi Protocol

marketing@satoshiprotocol.org

This publication is provided by the client. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Read the original here:

Satoshi Protocol: First CDP on Bitcoin Layer2, 500k OSHI Airdrop with Binance wallet and BEVM - Cointelegraph

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

Exclusive: Binance app downloads hit 6.3 million in Q1 – Investing.com

Posted: at 2:39 am


without comments

It seems that Binance has managed to sail smoothly through the storm of legal actions taken by the United States Department of Justice against the exchange and its co-founder Changpeng Zhao.

Binance's mobile application was downloaded more than 6.3 million times in the first quarter of 2024, placing it at the top of the crypto app scene by a considerable margin. The solid performance outstrips that of other major cryptocurrency and fintech platforms, according to the latest data seen by Investing.com.

The lead in app downloads reflects the global consumer confidence in Binance, which serves over 183 million users worldwide. It also highlights the app's quality and range of Web3 functionalities it offers. With deep liquidity, it lets users swap between about 1,800 trading pairs and more than 400 digital assets.

This surge in downloads also comes amid an overall positive momentum in the cryptocurrency market. Binance is riding it with a flood of funds bumping the value of user assets on the platform past the $100 billion mark.

Binance users' assets under custody have more than doubled, jumping from $40 billion at the start of the year. Moreover, the gap between Binance and its closest competitor expanded to more than 21%, with the download figures for platforms ranking third and below trailing significantly behind.

Sensor Tower's data argue that the increase in Binance app downloads can be attributed to the app's user-friendly design and the trust associated with the Binance brand. The app serves as an all-encompassing gateway for users to engage with various Web3 functionalities, including spot and peer-to-peer (P2P) trading, marketplace, and Earn products, contributing to Binance's leadership in Web3 adoption.

This spike in downloads is also happening at a time when the crypto markets are buoyed by the approval of spot bitcoin exchange-traded funds (ETFs) in the United States and the anticipation of the upcoming halving.

See more here:

Exclusive: Binance app downloads hit 6.3 million in Q1 - Investing.com

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

SEC to Sue Uniswap, Binance to Delist Six Large Trading Pairs, Shiba Inu Hits Major Milestone of Four Million Total Addresses: Crypto News Digest by…

Posted: at 2:39 am


without comments

Valeria Blokhina

Take a closer look at whats happening in the world of crypto with U.Todays news digest!

Here are the top three news stories presented to you by U.Today.

On Wednesday, April 10, the SECnotified top decentralized exchange Uniswap of an impending enforcement action, Fortune reports. Hayden Adams, CEO of Uniswap, has already confirmed the newson his X handle, saying that he is "annoyed" and "disappointed," but he is ready to fight. Uniswap CLO Marvin Ammori has also commented on the case, harshly criticizing the SEC's move as "another abuse of power," adding that the regulator has no authority over securities. Moreover, Ammori stated that "most tokens" are not securities, slamming the agency for failing to provide regulatory clarity. Uniswap found itself under the SEC's scrutiny at least a few years ago. In September 2021, the Wall Street Journal reported that the leading DEX was under an SEC probe, with the agency's attorneys focusing on the exchange's marketing.

As reported by @WuBlockchain X handle, which cited Binance Announcements Telegram channel, Binance is going todelist six trading pairs. Among the pairs that fall under removal are BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD and UNI/BNB. However, there is no reason to be alarmed, as such delistings are usually explained by a lack of trading activity for these BNB pairs rather than some serious issues with the assets themselves. By making such moves, Binance ensures the best experience for its users and keeps its trading environment healthy. It is important to note that the individual cryptocurrencies will not be removed from Binance; the exchange still allows users to trade these assets in other pairings, such as USDT, USD, BUSD and others.

Data provided by IntoTheBlock shows Shiba Inu meme token has reacheda remarkable milestone by hitting four million total addresses. This achievement highlights the increasing adoption and interest in SHIB and represents a turning point in its development within the cryptocurrency space. As a reminder, total addresses stand for all addresses ever created that, at one point, held SHIB, including those that still do. With that said, the total number of SHIB addresses with a balance has surged to 1.3 million. Typically, an increase in the number of addresses with a balance is a sign of a stronger and expanding user base. Looking ahead, the achievement of four million addresses could pave the way for the Shiba Inu ecosystem to continue growing and innovating.

About the author

Valeria Blokhina

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.

See the article here:

SEC to Sue Uniswap, Binance to Delist Six Large Trading Pairs, Shiba Inu Hits Major Milestone of Four Million Total Addresses: Crypto News Digest by...

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

New Binance chief stresses importance of compliance | National | themountaineer.com – The Mountaineer

Posted: at 2:39 am


without comments

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, Canada

Zip Code

Country United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

Go here to read the rest:

New Binance chief stresses importance of compliance | National | themountaineer.com - The Mountaineer

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

Binance Labs New Investment: What is BounceBit? – BSC NEWS

Posted: at 2:39 am


without comments

Discover how BlockDAG Coin's trailblazing $2 million giveaway outperforms Ethereum news and Arbitrum (ARB) price in the crypto space.

Recently, on Ethereum news, a surge was forecasted, and the Arbitrum price momentum is capturing the crypto community's attention. Amidst this, BlockDAG emerges as a game-changer, with its presale already generating $16.4 million and a $2 million mega giveaway, signalling a rapid sell-out. The 30,000x ROI potential makes BlockDAG the highest ROI crypto, paving a new path for investors looking for a clear front-runner in the digital finance revolution.

Arbitrum (ARB) has been going through ups and downs in the cryptocurrency market. Recently, its price dropped by 31% over two weeks. But now, there are signs that buyers might be returning, which could lead to a turnaround for ARB. Some indicators show that ARB might be on the rise again. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) show positive signs, suggesting buyers are getting interested again.

However, there are still challenges ahead. To recover fully, ARB needs to surpass certain price levels. If it fails to do so, it might drop further before bouncing back again. For investors, monitoring the market and making informed decisions is essential. While there are promising signs for ARB's comeback, there are also risks. By staying informed and cautious, investors can take advantage of opportunities while navigating the cryptocurrency market's volatility.

Ethereum's price increased by 8% recently, higher than that of other cryptocurrencies like Bitcoin. It is now close to its highest point this year but still lower than its highest ever. Traders are optimistic about Ethereum's future and target higher prices by the end of April.

There's a lot of interest in Ethereum options, where traders bet on its price movements. This suggests that many believe Ethereum's price will increase in the coming weeks. However, only some are so positive. Some experts think that the recent excitement around Ethereum might not last if certain events, like the approval of Ethereum investment funds, don't happen.

BlockDAG's audacious $2 million mega giveaway is becoming a hot talk in crypto community engagement. By requiring participants to hold a minimum of $100 in BDAG and encouraging involvement through a series of tasks, BlockDAG ingeniously boosts brand visibility while deepening its relationship with the community. This increases the coin's user base and elevates its status to potentially the highest ROI crypto, positioning BlockDAG as an attractive investment.

Unlike traditional strategies seen in Ethereum news or the Arbitrum (ARB) price fluctuations, BlockDAGs approach directly rewards community involvement, setting a new benchmark in how crypto projects foster loyalty and excitement. With a promising potential ROI of 30,000x, BlockDAG has captured the attention of investors worldwide.

Its presale, initially slated to last three months, has already soared to $16.4 million in record time. Such overwhelming demand underscores investors' confidence in BlockDAG's prospects. With projections indicating a price of $10 by 2025, BlockDAG offers a glimpse and a tangible pathway toward significant growth and returns in the coming years.

BlockDAG's $2 million mega giveaway stands out as a bold move in the cryptocurrency space, directly engaging with its community in a way that's both impactful and reflective of its innovative spirit.

This approach not only marks a departure from the traditional methods of giants like Ethereum and Arbitrum but also underscores the evolving nature of community engagement strategies within the crypto industry. With an impressive presale that quickly amassed $16.4 million and a vision that promises up to 30,000x ROI, BlockDAG is carving a path for those seeking more than just investment but a revolution in digital finance.

Join BlockDAG Presale Now:

Website | Presale | Telegram | Discord

Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Visit link:

Binance Labs New Investment: What is BounceBit? - BSC NEWS

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

Binance Coin Where does BNBs volume surge leave traders like you? – AMBCrypto News

Posted: at 2:39 am


without comments

Binance Coins (BNB) trading volume registered a significant hike towards the beginning of the month, reaching levels not seen since 2022. How has BNB performed since then, and are there indications suggesting a potential for significant price movement shortly?

Analysis of Binance Coins volume on Santiment revealed a spike to over $11 billion on 1 April. However, this surge was short-lived, as subsequent analysis indicated a return to its previous volume range. An examination of the chart illustrated that the volume has remained within the $2 billion threshold since the spike.

At the time of writing, the volume stood at around $1.9 billion. Furthermore, there has been no notable change in price since this spike occurred.

An analysis of the daily timeframe chart revealed that Binance BNBs price exhibited no significant reaction on the day its volume spiked. In fact, the chart indicated a price drop of over 5%, causing the price to decline from over $600 to around $570.

Subsequently, there was an attempt at price consolidation around $580. At press time, BNB was trading at around $583, with a decline of less than 1%. Furthermore, an analysis of its Relative Strength Index (RSI) suggested that it remained in a stable bull trend. Additionally, examination of the Bollinger bands indicated minimal volatility, implying a reduced likelihood of sudden price fluctuations.

An examination of the funding rate chart on Coinglass revealed a gradual ascent back to the positive zone, suggesting that BNB buyers had regained control of the market. At the time of writing, the funding rate stood at around 0.02%. However, this also indicated a relatively weak sentiment despite the bet on a price hike.

Is your portfolio green? Check out the Binance Profit Calculator

Finally, an analysis of its price movement showed no significant activity at the moment. Concurrently, the open interest hovered around $600 million, signifying a moderate cash inflow.

These metrics collectively indicated that traders have not been fully committed to BNB. Hence, major price movement did not seem imminent for BNB, consistent with the trends seen on the price chart.

Read this article:

Binance Coin Where does BNBs volume surge leave traders like you? - AMBCrypto News

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

AI Plans for New Business Venture Shared by Former Binance Boss CZ – U.Today

Posted: at 2:39 am


without comments

Yuri Molchan

Former chief of Binance says he will be using artificial intelligence to kickstart his new business

Former boss of cryptocurrency trading giant Binance, Changpeng Zhao (widely known as CZ), has published another update on how his new business venture is advancing toward launch.

Among other things, CZ shared that he will need to implement AI tools to allow his company to produce its product online lessons.

In his tweet, Zhao wrote that his Giggle Academy is making progress, although not all linear. The team is currently busy brainstorming the best way to launch the first online lesson. Earlier, CZ wrote on X/Twitter that his education start-up plans to give free education classes, and English lessons in particular.

Now, according to CZ, the team is debating what it should look like, what game engine should be involved, particular features and animation, etc. CZ admitted that this is start up mode all over again, but he seems to be happy about this.

CZ first announced his new business project on March 19. He tweeted that it would be Free basic (grade 1-12 ish) education, for all. No revenue. Gamified. Adaptive. He also then said the company was hiring, and the team would be small. Anyone hired would work directly with CZ.

In the above-mentioned tweet, he shared that they have already hired enough talented teachers who can create digital content. But they still need more developers for Giggle Academy.

As reported by U.Today, CZ was forced to step down from his Binance CEO position due to charges by the U.S. Department of Justice against Binance, and him personally. The charges were about violating money laundering laws (the Bank Secrecy Act in particular).

Binance agreed to pay a staggering fine of $4.3 billion, and CZ leaving his CEO post was part of the deal. However, later, CZ pleaded guilty and first faced a likelihood of 10 years in prison. Later, this term was extended to 18 years.

Immediately after announcing his resignation, CZ wrote on X/Twitter that he did not have any plans to start a new business. CZ said he would get into passive investing and would possibly become a minority token/shareholder in start-ups that focus on blockchain, AI, biotech or DeFi.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Read more:

AI Plans for New Business Venture Shared by Former Binance Boss CZ - U.Today

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

Binance App’s Exceptional Surge: Achieving Over 6.3 Million Downloads in the Early Stages of 2024 and Setting a … – FinanceFeeds

Posted: at 2:39 am


without comments

Embark on the Future: Binance App Surges with 6.3M Downloads in 2024s Dawn, Redefining Crypto Accessibility. Dive into the World of Web3 with Binances Intuitive Interface and Join Over 183M Users in the Financial Revolution. Trust, Security, and Limitless Possibilities Await.

Embark on the Future: Binance App Surges with 6.3M Downloads in 2024s Dawn, Redefining Crypto Accessibility. Dive into the World of Web3 with Binances Intuitive Interface and Join Over 183M Users in the Financial Revolution. Trust, Security, and Limitless Possibilities Await.

Detailed Insights

Binance, a figure in the crypto and fintech realms, has marked a significant achievement by garnering over 6.3 million downloads of its mobile application within the initial quarter of 2024. This milestone not only underscores Binances supremacy among other major crypto platforms but also reflects a burgeoning interest in cryptocurrency applications on a global scale. The notable surge in downloads owes its success to two key factors: the exceptional user experience offered by the Binance app and the widespread trust in the Binance brand, which boasts a vast community exceeding 183 million users worldwide. Binances all-encompassing app provides an array of Web3 services, such as spot and P2P trading, seamless payments, a diverse marketplace, Earn products, and more, positioning it as a frontrunner in driving global Web3 adoption.

As the crypto industry progresses into the second quarter of 2024, it continues to exhibit strong momentum with key indicators signaling robust adoption and consistent use. Among these indicators, Binances remarkable growth in user inflows, which has propelled the value of user funds on the platform to exceed the $100 billion threshold, stands out as a testament to the platforms security, transparency, and reliability.

In a rapidly expanding digital asset landscape, users are presented with a myriad array of service providers. However, Binances unparalleled growth in app downloads in 2024 highlights its unmatched position in the fintech and cryptocurrency sectors. What underlies this trend, and what implications does it hold for Binance and the broader state of the cryptocurrency industry in 2024?

Binances Unrivaled Position

Recent data unveiled by Sensor Tower has put into perspective the massive appeal of the Binance app. Throughout the first three months of 2024, the app has been embraced by iOS and Android users around the globe, amassing more than 6.3 million downloads. This figure not only eclipses that of the nearest competitor by over 21% but also significantly distances Binance from other major crypto service providers, cementing its status as the industry leader.

The resurgence in the crypto markets, fueled by regulatory milestones such as the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States and the anticipation surrounding the Bitcoin halving, has played a pivotal role in the Binance apps success. Its comprehensive features, ease of navigation, and the widespread trust in the Binance brand are primary drivers of its standout performance.

Building Trust and Simplifying Crypto

At the heart of Binances strategy is a user-focused ethos that aims to demystify the crypto space for everyone, regardless of their prior knowledge or experience with cryptocurrencies and financial markets. The Binance app is crafted to provide a seamless entry into the world of Web3, offering a wide array of functionalities including spot and P2P trading, payments, access to a vibrant marketplace, Earn products, Binance Squares social feeds, and a dedicated Web3 wallet.

More than just a technological marvel, the Binance app is your passport to the worlds leading blockchain ecosystem, cherished by over 183 million individuals across the globe. It boasts unmatched liquidity, facilitating trades across approximately 1,800 trading pairs and over 400 digital assets.

Daily, tens of thousands of individuals choose to download the Binance app, seeking to immerse themselves in the digital asset universe. What they receive in return transcends a mere platform for engaging with Web3it represents an invitation to join the largest community of financial freedom advocates, founded upon the tenets of security, responsible growth, and unwavering trust.

Reflecting on these impressive statistics and adoption trends, the dominance of the Binance app in early 2024 lays down a solid groundwork for the expansion of a vibrant, empowered community. This trajectory is not only promising for Binance but is also indicative of the broader shift towards embracing the first billion Web3 users.

Read the rest here:

Binance App's Exceptional Surge: Achieving Over 6.3 Million Downloads in the Early Stages of 2024 and Setting a ... - FinanceFeeds

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

Binance: All the factors that helped BNB find its footing in 2024 – AMBCrypto News

Posted: at 2:39 am


without comments

Recent reports indicated that Binance [BNB] has made significant strides in recovering from its recent challenges.

According to data by CCData, Binance has attracted the highest spot and derivative volume in the last three years. Additionally, its native token, BNB, has managed to maintain its position among the top five assets.

Per the report, combined spot and derivatives trading volume on centralized exchanges surged by 92.9% to reach a new all-time high of $9.12 trillion in March.

Specifically, trading volumes for derivatives reached unprecedented levels, soaring by 86.5% to $6.18 trillion.

The report highlights that Binances spot trading volume surged by 121% to $1.12 trillion in March, marking the highest spot volumes on the exchange since May 2021.

Similarly, derivatives trading volumes experienced a significant increase, rising by 89.7% to $2.91 trillion, achieving its highest levels since May 2021.

This recent data represented a positive development for Binance, which faced challenges to its dominance following regulatory scrutiny from the U.S. Department of Justice.

AMBCryptos analysis of BNBsprice trend showed an eventful month. On the daily timeframe chart, BNB surged to the $500 price region in March and even traded above $600 at certain points during the month.

At the time of this writing, it was trading at around $586, which marked one of its highest points in history, despite its recent decline.

BNB maintained its bullish trend, which began in February, with the Relative Strength Index (RSI) hovering close to 60 at the time of writing.

Additionally, its Moving Average Convergence Divergence (MACD) analysis suggested that the BNB trend is moderately strong.

Realistic or not, heres BNBs market cap in BTCs terms

According to data from CoinMarketCap, Binance retained its position as the fourth-largest cryptocurrency asset.

At the time of this writing, its market capitalization was over $87 billion, despite experiencing a price decline.

Read more:

Binance: All the factors that helped BNB find its footing in 2024 - AMBCrypto News

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with

Binance Coin (BNB) Surges 5%, Eyeing $620 Mark in Bullish Trend – West Island Blog

Posted: at 2:39 am


without comments

In the buzzing world of cryptocurrency, Binance Coin (BNB) is presently chartering an upward trajectory from the $575 threshold. With a promising start, the price has ascended over 5%, pointing towards a bullish intent projected at the $620 mark.

The initial thrust came when BNB found its footing around the $575 zone. That crucial bolstering led to a renewed spur, contrasting noticeably with Bitcoin and Ethereums recent trajectories. Currently, BNB is trading comfortably above $600, and has surpassed the 100-point simple moving average over a 4-hour span. Notably, a primary optimistic trend is unveiled with backing pegged at $587, based on a 4-hour sketch of the BNB/USD pairing taken from Binance.

This upward momentum could gain further traction should it cross the $620 resistance boundary. Indeed, should that be the case, the price of BNB could shoot up by an astonishing 15%.

Tracing its recent journey, after a brief dip below $600, the BNB price discovered a firm base around the $575 zone. It scribbled a low at $572.8 before kickstarting an upswing. The price leaped over the resistances set at $595 and $600. The bulls subsequently heaved the price beyond the $605 turning point.

These positive signs emerged continued growth to over a 5% rise, hovering impressively above the 23.6% Fibonacci retracement level. This increase mapped the latest shift from a swing low at $572.8 to a momentous high at $618.0.

At the moment, on the immediate front, a resistance is spotted near the $618 level. A secondary resistance then lurks around the $620 mark. A firm climb over this hurdle could spiral the price even further. In such an event, BNB could find itself testing the waters at $632. If it manages to close above the $632 resistance, this might establish momentum for a more sweeping climb towards the $650 mark. Any gains accumulated beyond this might necessitate a trial at the formidable $700 level in the approaching days.

On the flipside, should BNB falter at breaching the $620 resistance, it might instigate a downward rectification. The first rung of support, then, falls near the $600 level. The following significant support is stationed around the $590 mark, neighboring the trend line, or at the 61.8% Fibonacci retracement level read from the recent thrust, from a trough at $572.8 to the high at $618.0. The main support, then, is shelved at $575. Should there surface a downward plunge below the $575 support, it may trigger a potential slide towards the $550 mark.

Reflecting the markets bullish temperament, technical indicators such as the 4-hour MACD for BNB/USD are picking up momentum. Likewise, the 4-hour RSI for BNB/USD currently rests above the critical 50 level.

Investments in cryptocurrencies always come with inherent risks, so its essential for potential investors to conduct individual research before making any investment decisions. Its equally integral to understand the information discussed here is for educational purposes only, provided under the condition that its used entirely at ones own risk.

Read this article:

Binance Coin (BNB) Surges 5%, Eyeing $620 Mark in Bullish Trend - West Island Blog

Written by admin

April 13th, 2024 at 2:39 am

Posted in Binance

Tagged with


Page 9«..891011..»



matomo tracker