Binance Coin Financial News

Binance.US removed trading services for several crypto tokens on June 7. The move follows a lawsuit filed earlier this week by the United States Securities and Exchange Commission against Binance entities and thei leadership. 

The announcement of the United States Securities and Exchange Commission (SEC) suit against Binance, Binance.US and Binance CEO Changpeng Zhao (CZ) may have surprised the crypto community, but the SEC’s focus on the exchange was well known. The suit’s contents were met with a variety of reactions.

The United States Securities and Exchange Commission (SEC) has filed charges against Binance, its U.S.-based exchange entity and its CEO, Changpeng Zhao, for violating securities laws. 

Cryptocurrencies slumped across the board after the US Securities and Exchange Commission accused Binance Holdings Ltd. of mishandling funds and lying to regulators. In the lawsuit, the SEC also alleged that certain tokens — including Solana, Cardano, Polygon, Filecoin, Cosmos, Sandbox, Decentraland, Algorand, Axie Infinity, and COTI — that traded on Binance.com and Binance. US were offered and sold as securities, a move that could have wide implications for other exchanges that offer these tokens. Solana fell as much as 13%, while Cardano dropped 8%, Polygon slipped 6% and Filecoin slumped 10%.Bitcoin fell as much as 6.5% to $25,491, the least since April, as of 12:50 p.m. in New York. Binance Coin, the native token of the ecosystem of the world’s biggest digital asset exchange, slumped as much as 13%.

Bitcoin (BTC) is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600 to $25,000 zone where buying interest may pick up.

BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi.

BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world's leading crypto exchange by volume.

Yesterday, the cryptocurrency market saw a decline as the price of Bitcoin dropped 0.87% to $27,806. This came after the leading digital asset reached its highest point since June of the previous year.

JOMO stands for the joy of missing out — particularly when a cryptocurrency trader refuses to follow the crowd. This is the opposite of FOMO, or fear of missing out, and it's the counterbalance to price rallies driven by hype and frenzy.

Binance CEO Changpeng Zhao announced on 13 March that the exchange would stop keeping the rest of the $1 billion recovery fund in stablecoin.

On Feb. 13, Binance's native token, BNB, recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB price has since recovered to over $298, but its possibility of facing another selloff remains high. Let's take a look at a few reasons why. 

Cryptocurrency exchange Binance plans to continue supporting its Binance USD (BUSD) stablecoin despite its issuer Paxos facing a stop order from American regulators.

The Binance-native blockchain BNB Chain has continued to show steady activity growth in the fourth quarter of 2022 despite the broader crypto bear market according to recent research.

BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper.

After Monday’s more than 3.0% dip, the second largest so far this month, Binance Coin (BNB) is back on the front foot. BNB/USD was last changing hands about 1.5% higher on the day on Tuesday, having recovered back to the north of the $310 level after finding support at its 21-Day Simple Moving Average (SMA) just above the $300 level.

A group calling itself “Victims of Ankr Exploit” have claimed that its members lost over 13,000 BNB liquid staking coins (over $4 million worth at the time of writing) as a result of the Dec. 2 Ankr exploit, but have not been adequately reimbursed by the Ankr company. According to a Jan. 19 statement from the group received by Cointelegraph, affected members alleged that they have only received half of the amount they lost. The group has called on Binance’s Chanpeng Zhao (also known as “CZ”) to put pressure on Ankr to get the funds released.

Cryptocurrency has faced more than its fair share of catastrophes, nearly all of which seemed as though they might end or at least seriously impede the continued growth of the sector. Yet despite the many “teachable moments,” the social layer of crypto refuses to learn its lesson and continues to place its trust in the hands of individuals rather than fully utilize the technologies it claims to support.

Traders were disappointed this Christmas when markets did not experience the long-awaited Santa Claus rally that sometimes accompanies the Christmas season. Bitcoin's volatility index showed record lows on December 25, setting a subdued tone for holiday trading. 

Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer.

BNB (BNB), the native token of the Binance crypto exchange, is under threat of undergoing a significant price correction in the coming weeks, based on a mix of technical and fundamental indicators.

Last week, the Federal Reserve made headlines when they announced a 50 basis point rate hike after four consecutive 75 bps hikes. This led the market to act like rate increases had reached their peak. But during the press conference that followed, Fed Chair Jerome Powell made it clear that rates would remain higher through 2023.