BNB/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((v)).

Direction next higher degrees:Wave 3.

Wave cancel invalid level: 287.5.

Details: Wave ((V)) is equal to wave ((1) at 734.4.

Binance is still in an uptrend in the formof an Impulse Wave and the price has a chance to test the734.4 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge 4Hr Chart,

Binance/U.S. dollar(BNBUSD).

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((v)).

Direction next higher degrees: Wave 3.

Wave cancel invalid level: 287.5.

Details: Wave ((V)) is equal to wave ((1) at734.4.

Binance is still in an uptrend in the form ofan Impulse Wave and the price has a chance to test the 734.4 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

Binance/U.S. dollar(BNBUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

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Originally posted here:

Binance Elliott Wave technical analysis [Video] - FXStreet

TL;DR

The leading cryptocurrency exchange, Binance, continues implementing amendments to its platform to respond to current market trends and enhance users experiences.

Most recently, itadded 18 new loanable assets to Binance Loan. Some of the involved cryptocurrencies include the trending meme coins dogwifhat (WIF) and Pepe (PEPE), as well as popular altcoins such as Hedera (HBAR), IOTA (IOTA), Celestia (TIA), and more.

It also announced the addition of Saga (SAGA) and Tensor (TNSR) to its VIP Loan section. Both tokens saw the light of day earlier this week, with their market caps rising above the $200 million mark.

Binance Loans (Flexible Rate) is a service that allows users to borrow funds using their digital assets as collateral.

Users may enjoy greater flexibility without committing to a specific loan term when borrowing cryptocurrencies on Binance Loans (Flexible Rate) and earn Real-Time APR rewards via Simple Earn Flexible Products at the same time. Loan rates are refreshed every minute, and users may place a loan order with a minimum of 1 USDT equivalent, the company explained.

The company has unveiled many similar efforts since the beginning of the year. Last month, itaddedthe trading pairs PEPE/FDUSD, UNI/FDUSD, OM/TRY, PIXEL/USDC, STRK/USDC, and THETA/TRY on Binance Spot, while Floki Inu (FLOKI) and 16 other altcoins wereintroducedas new loanable assets on Binance Loans.

Most recently, the firm opened trading and enabled Spot Algo Orders Trading Bots services for the USDT/MXN pair. MXN is the symbol of the Mexican peso (the national currency of the Latin American country).

Allowing such an option can simplify dealing with crypto for locals. For example, they can access the ecosystem of the stablecoin without having to convert their funds into USD.

Binance also regularly adds trading pairs focused on the Turkish lira, enabling locals to jump on the cryptocurrency bandwagon. Turks are quite intrigued in the digital asset sector, maybe because they are seeking financial alternatives to the economic challenges their homeland struggles with.

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Important Binance Announcement Affecting WIF and PEPE Traders - CryptoPotato

The new CEO of Binance, Richard Teng delivered a resounding message at the Paris Blockchain Week: compliance is not just a checkbox but a cornerstone of the exchanges ethos. With regulatory scrutiny intensifying, Tengs words underscore the imperative for crypto platforms to navigate the evolving landscape with integrity and accountability.

Tengs pledge to uphold rigorous regulatory standards reflects Binances proactive stance in engaging with authorities worldwide. His assertion, Our commitment extends beyond mere compliance, signals a strategic shift towards fostering trust and confidence among users.

While Binance mulls over its headquarters location, Teng remains tight-lipped, sparking speculation about potential domiciles. As Binance is facing multiple legal challenges, pressure is building to establish a physical base to mitigate investor risks.

Tengs remarks come amid the detention of Binance executive Tigran Gambaryan in Nigeria. The exchanges proactive engagement with Nigerian authorities underscores its commitment to resolving regulatory issues expediently.

Despite all these challenges, Teng remains optimistic about Binances trajectory, asserting that the exchange has overcome cultural challenges post-Justice Department settlement. Binance CEO Richard Teng has set the tone for transparency and compliance, emphasizing the exchanges commitment to regulatory standards.

Continued here:

Binance CEO Reveals Crucial Information on Exchange Headquarters - Coinpedia Fintech News

Shiba Inus (SHIB) alternative cryptocurrency, Bone ShibaSwap (BONE), is still a few steps away from the much-anticipated Binance listing. However, the crusade to list Shibariums official gas fee token on the globes largest cryptocurrency exchange by trading volume is starting to bear fruit on Binances Futures NEXT.

Bone ShibaSwaps voting campaign has materialized in Binances nominated tokens pool, where BONE is placed in the 9th position. Since its inception over a month ago, Binance Futures NEXT has given SHIB Army members the opportunity to vote for BONEs inclusion in Binances Futures markets.

Users can nominate their preferred tokens for the Binance listing by depositing a new token in the NEXT pool. If one of the cryptocurrencies on Binances Futures NEXT leaderboard makes the listing, the voters are eligible to secure multiplied voucher rewards.

Currently, Bone ShibaSwap takes the 9th spot with 17,974 Picks. To acquire voting power, users have to deposit BONE onto the platform, while the rewards multiplier of 1.2x is implemented after the nominated token gets the listing. As of press time, 703 people have signed up for BONEs listing on Futures.

While BONE is now officially the gas fee token of Shibarium L2, the initial developer team renounced BONEs smart contract last year. This was said to increase BONEs chances of landing a Binance listing. With a capped max supply of 250,000,000, this raises the question of how Shibarium Layer-2 would handle the rising demand for millions of transactions per day, as BONE is required for Shibariums on-chain transfers.

Meanwhile, on March 26, 2024, Shibarium Layer-2s public blockchain soared to fresh heights in total value locked (TVL). Promising new projects like WoofSwap were onboarded in a coordinated crusade to boost Shiba Inus chain liquidity.

While the $3.9M TVL milestone is impressive, the vast majority of Shiba Inu custodians are putting their hopes in the ground-breaking K9 Finance decentralized application (dApp), which is due to launch in Q3 of 2024.

The K9 Finance program is crucial, as it employs BONE to provide simultaneous staking opportunities via the Liquid Staking Derivatives (LSD) technology. As seen on Lido Protocol and Rocket Pool on Ethereum (ETH), this type of staking model can dynamically diversify digital assets across different platforms to maximize potential revenue.

Bone ShibaSwap facilitates on-chain liquidity on Shibarium; therefore, its acceptance by major exchanges would contribute to a broader adoption of Shiba Inus own Layer-2 network.

Read DailyCoins latest crypto stories: Bitcoin Hits Record 65 Million Ordinals Inscriptions to Date How MetaMask Now Allows Users to Check Airdrop Eligibility

Read more here:

Is Shiba Inu's BONE About to Be Listed on Binance Futures? - DailyCoin

Binance, the largest crypto exchange in the world by trade volume has introduced the Omni Network (OMNI) into its Launchpool marking a major shift in the project milestone. The latest addition has triggered conversations among the crypto community with many wondering about the potential impact of the move on the crypto community.

The crypto exchange giant made this announcement earlier today on its official website. According to the statement, Binance has introduced Omni Network (OMNI) as its 52nd addition to its Launchpool. For context, Omni Network is a layer 1 blockchain solution that is designed to incorporate Ethereums rollup ecosystem into a single system. It is a low-latency interoperability network that integrates Ethereum rollups through restaking.

Binance further disclosed that the webpage will be available about 5 hours before the start of the Launchpool. Once live, users will be able to farm OMNI tokens by staking theirBNB and FDUSD into separate pools. Additionally, users will be able to stake for over four days as the farming will start from 2024-04-13 00:00 (UTC).

Binance Launchpool is a platform that enables users to store their tokens in a liquidity pool. The platform allows members to stake their crypto assets to earn new tokens from new projects. So far, it has introduced 52 projects to this platform.

Meanwhile, Binance has said that it will list the OMNI token as a tradable asset on April 17 at 12:00 (UTC). The exchange warned users to disregard any claims to offer the token before the stated time. Upon listing, investors will be able to trade OMNI against other assets like BTC, USDT, BNB, FDUSD, and TRY.

According to tokenomics, OMNI has a maximum supply of one hundred million tokens with 3.5% or 3.5 million tokens allocated to Binance Launchpool rewards. The initial circulating supply is set at 10.39% or 10,391,492 OMNI tokens.

As Binance gears up to list OMNI on its platform, investors keenly keep an eye on the price movement of the token as several projects have exhibited exponential movements following listing on major exchanges.

More here:

Binance Introduces Omni Network (OMNI) to its Launchpool Platform - Coinfomania

Binances modus operandi of operating in the legal gray area and eschewing traditional corporate practices appears to be ending.

On April 1, it was reported that the exchange had named its first board of directors. Now, Binance CEO Richard Teng has suggested that the firm is closing in on deciding on a global headquarters.

The mystery surrounding Binances base of operations has long been a persistent point of contention as the exchanges leaders have previously expressed abhorrence to committing to or disclosing a home base. This tactic, regulators believe, has allowed it to skirt regulations.

In a statement signaling that Binances days of playing it fast and loose with regulations are behind it, however, Teng has disclosed that the exchange is actively seeking a place to call home. Speaking on stage at Paris Blockchain Week on Tuesday, April 9, he noted that the exchanges checklist was down to a few jurisdictions.

Considerations highlighted by Teng included how regulations would impact Binances products and services, as well as taxation.

The Binance CEOs statements come as the exchange finds itself in regulators cross-hairs worldwide, from the U.S. to the Philippines and, most recently, Nigeria. During the Tuesday interview, Teng offered comments on the latter.

Over the past two months, tensions between the Nigerian government and Binance have quickly escalated. Following claims that the exchange facilitated the manipulation of the naira through its p2p platform, it has also been slapped with lawsuits bordering on tax evasion and money laundering.

Amid this back and forth, authorities have also detained two of the exchanges executives, Nadeem Anjarwalla and Tigran Gambaryan, who were named co-defendants in the lawsuits against Binance.

While Anjarwalla managed to escape detention on March 22, Gambaryan remains in Nigerian detention and has recently been transferred to an infamous federal prison pending his trial. Speaking on the matter, Binances Richard Teng outlined that the exchange focused on negotiating the release of the financial crime compliance expert.

Teng, however, refused to go into detail, asserting that Binance was working closely with authorities to resolve the issue.

Binance, the worlds largest crypto exchange, has built a reputation of hopping jurisdictions and playing fast and loose with regulations. The firms recent plans to choose a global headquarters signal a significant shift in its operations towards greater transparency and accountability.

Read this for more on Binance:Binance Execs Nigerian Ordeal Worsens, Sent to Infamous Prison

Stay up-to-date with the latest in MakerDAO USDe saga:MakerDAO Set to Back $1B DAI With USDe Despite Backlash

Visit link:

Binance Hunts for Global HQ in Symbolic Operational Shift - DailyCoin

Credit: Shutterstock/Emre Akkoyun

A Nigerian court will soon hear the money laundering case against crypto exchange Binance brought by the countrys financial crime enforcement agency.

Get news, unique commentary, expert analysis and essential resources from the Global Investigations Review experts.

Excerpt from:

Binance money laundering trial in Nigeria to begin in May - Global Investigations Review

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.

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

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...

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