Price Analysis
Bitcoin faced strong resistance at the $74,500 level, but the shallow price pullback could set the stage for a stronger breakout in BTC and altcoins.
1490
Binance News
Founded in 2017 by Changpeng “CZ” Zhao, Binance has become one of the largest crypto asset exchanges in the market, providing a wide variety of software products and services for buying and selling cryptocurrencies.
The Binance ecosystem encompasses diverse offerings, including the Binance exchange for cryptocurrency trading, the BNB Smart Chain enabling decentralized applications, the Binance Academy for educational content and Trust Wallet for secure asset storage and management.
BNB (BNB) serves as the driving force behind the BNB Chain ecosystem, functioning as its native cryptocurrency token. BNB originated from Binance’s initial coin offering and served as a means for users on the Binance exchange to reduce trading fees upon its launch. In 2019, Binance launched a mainnet blockchain, Binance Chain, with BNB as its coin. In 2020, Binance Smart Chain (BSC) was launched as a separate compatible blockchain alongside Binance Chain. In 2022, Binance merged the Binance Chain and Binance Smart Chain ecosystems under a single label: BNB Chain. Both chains still run parallel and serve distinct roles but are housed under a single name.
Despite its success, Binance is under constant regulatory review as authorities examine whether it complies with global financial laws. This highlights the industry’s unstable regulatory environment and has led Binance to bolster its adherence to laws and regulations in various jurisdictions. Nonetheless, its technological prowess, worldwide reach, and forward-thinking leadership solidify its position as a formidable crypto behemoth.
- News
Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to ensure that the Justice Department “conducts a serious investigation into Binance.”
969 - News
While a judge granted a motion by Changpeng Zhao, he also ordered the plaintiffs in the case against Binance to file a second complaint or face ”total or partial dismissal.”
1105 - Market Analysis
Bitcoin showed early signs of overtaking gold in the market as new data outlined an opportunity based on historical returns around the US midterm elections.
2228 - News
Stephen Gregory, a former compliance executive at CEX.IO and Gemini, has taken over as CEO of Binance.US, a crypto exchange that was once a target of a long-running SEC lawsuit.
1235 - News
The program connects crypto companies, banks and payment providers to explore blockchain-based payment and settlement infrastructure.
2264 - Market Analysis
Binance data points to shifting liquidity flows and evolving trader positioning that may support Bitcoin’s next price move.
2160 - News
Binance filed a lawsuit after the Wall Street Journal reported a Justice Department probe into Iran’s alleged use of the exchange to avoid sanctions.
1526 - News
A US federal judge dismissed a lawsuit accusing Binance, Changpeng Zhao and Binance.US of helping terrorist groups move crypto funds.
2892 - News
The crypto exchange responded to a Senate inquiry over sanctions by claiming that “no Binance account transacted directly with an Iran-based entity.“
1941 - Altcoin Watch
Ether reserves held on exchanges fell to a new multi-year low as ETH price struggled to trade above $2,000. Will the supply crunch benefit bulls or bears?
2867 - Market Update
Bitcoin short-term holder losses were minimal over the weekend, and the Monday rally to $70,000 suggests the heaviest selling is done. Will Bitcoin finally break the monthly resistance?
2790 - Altcoin Watch
XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges.
2642 - News
Lawmakers urge US regulators to review Binance’s AML and sanctions controls after reports of Iran-linked transactions and potential evasion risks.
3897 - Market Analysis
Investors’ risk appetite for Bitcoin and crypto fragmented as AI, tech stocks and gold took center stage. Will increasing global money supply put wind in BTC’s sails?
3662