The world's largest crypto exchange by volume, Binance continues its push into the embattled crypto mining industry with a plan to begin offering a crypto cloud mining product next month. crypto miners have had a tough year, with the price of bitcoin having hung around $20,000 for months, a far cry from its peak above $68,000 in November 2021. Other cryptos have faced similar or even worse declines. One of the largest mining-related firms in the U.S. filed for Chapter 11 bankruptcy in late September. Other companies, however, are seeing opportunity from this crisis, with CleanSpark going on a buying spree of mining rigs and data centers, and DeFi platform Maple Finance starting a $300 million lending pool
Binance Pool announced its own $500 million lending fund for bitcoin miners last week and said it would enter cloud mining, a service that allows investors – who otherwise might not be able to buy and operate their own equipment – to rent crypto mining machines. The official launch of the cloud mining service will come in November.
BNB can back to 300 in a short time but 195 is a good price for entry and long term investment
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National Bank of Kazakhstan will integrate their CBDC on BNB Chain
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Binance Coin jumps to new BTC all time high
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355,360 and 369 are next targets
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Since the start of November, Binance has gained 7% in market share of FTX BTC perpetual volumes, rising from 56% to 63%, winning the vast majority of volume left behind by FTX. Bybit has won the other 3% of volume left behind by FTX
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Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the Binance. The investigation began in 2018 and is focused on Binance's compliance with U.S. anti-money laundering laws and sanctions. The charges are unlicensed money transmission, money laundering conspiracy and criminal sanctions violations. No final decisions have been made, the DOJ could bring indictments against Binance and its executives, negotiate a settlement, or close the case without taking any action
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short time
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Tether has coordinated with Binance to convert 3 billion USDT from TRC20 to ERC20 in response to increased withdrawal. After Binance reported by Reuters yesterday, there was an increasing demand for withdrawals. Official said that there is no problem with USDT BUSD withdrawals
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OKX will list BNB (BNB) for spot trading Spot trading open at 3:00 UTC on Dec. 21
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The 22nd quarterly BNB token burn of 2,064,494.32 BNB has been completed, about $617 million. The latest quarterly burn includes 7,181.03 BNB that was effectively burned via the Pioneer Burn Program.
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Binance mistakenly stored some of its Binance-peg Token in the same wallet “Binance 8” as customer funds. Binance said that it is aware of this mistake and is in the process of transferring these assets to collateral wallets! funds are safu!! -cz
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bnb 1h tf, breaking 315 was great moment for scalp. I closed my long at 320 but degen bulls hit even 322
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4h tf holds the uptrend
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more than half a billion dollar BNB burnt
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Trade active
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you know how long we wait to get here so sometimes you need to be patient
I think we need to closer to begin accumulation again. bnb still seems to be in distribution phase waiting for a lower point as all we do is go sideways disregarding the last pump that was btw also rejected at the last point of supply and general weak buying pressure. when number go up is good but need to see lower. also calling for a long when weekly stoch rsi is falling is questionable. the scampump got rejected, time for lower
when number go up is good but need to see lower. also calling for a long when weekly stoch rsi is falling is questionable. the scampump got rejected, time for lower