BNB

The post Binance India Fine Casts Doubt on BNB Future, Investors Opt for DTX Exchange and Near Protocol Instead  appeared first on Coinpedia Fintech News A few days ago,  India’s Financial Intelligence Unit (FIU-IND) imposed a fine of $2.25 million on Binance for failing to comply with anti-money laundering regulations in India. After the news came out, BNB price dropped more than 5%, and investors are already booking their positions in Binance and looking for new opportunities. A huge inflow…

The Bitcoin (BTC) price had briefly climbed back above $61,000 before sellers managed to drag the asset down. The cryptocurrency has been down by over 2% in the past 24 hours and is currently trading under $60,950. Bitcoin has been consolidating between a large price band between the $56,000 mark and the $73,500 mark. This indicates strong buying pressure near its support level and strong selling pressure near its resistance level. Bears Trying To Sink Price The past month has…

The Bitcoin (BTC) price had rebounded above the $62,000 mark. However, traders are unsure if the cryptocurrency’s downturn is over. BTC is currently trading at $61,773. BTC hit a six-week low on Monday, dropping as low as $58,474 before buyers propped the price to $60.330. Analysts Predict Drop To $50,000 Some Bitcoin analysts have predicted the cryptocurrency could drop to $50,000. According to Markus Thielen, founder of 10x Research, Bitcoin appears to be following a double-top pattern and is currently…

BNB price started a recovery wave from the $550 support. The price is now consolidating and facing hurdles near the $585 and $592 levels. BNB price started a decent upward move from the $550 support zone. The price is now trading above $575 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $578 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if there…

Dubai, UAE, June 25th, 2024, Chainwire BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced “Meme Heroes”, a continued commitment to the growth of the meme coin landscape. Building on the momentum of its Meme Innovation Campaign, BNB Chain will allocate $900,000 for liquidity pool (LP) support to foster the development and growth of high-potential meme projects within its ecosystem. This LP support is an extension of the committed $1 million, aimed at accelerating…

The Bitcoin (BTC) price fell as low as $58,474 on Monday as it shuttled between its support and resistance levels. BTC has been gradually falling towards its support level after failing to break past resistance. Whether sellers can push BTC below its support level and completely take control of the market remains to be seen. BTC Whales Cautious Bitcoin whales have become a cautious lot since the asset slipped below its support level on Friday (June 21). Data from Santiment…

BNB Chain completes integration with The Graph, enhancing data access for developers. Recent upgrades to BNB Chain reduce transaction fees by up to 90%, improving user experience. The Graph is now fully supporting BNB Chain after it successfully finished the Chain Integration Process. With the implementation of indexing rewards at this crucial turning point, The Graph’s global network of indexers is able to provide developers with timely and accurate data. By enabling developers to easily use improved data services, this…

BNB Chain has implemented a major upgrade that reduces transaction fees by 90%. This fee reduction may impact BNB Chain’s revenue and BNB’s price, which has already fallen from its recent high. BNB Chain, the blockchain network renowned for its high performance and low transaction fees, announced on June 20 the successful activation of its Haber hard fork. This significant update, driven by BNB Evolution Proposal (BEP)-336, promises to optimize data storage and processing on the network, leading to a…

The Binance team has unveiled several initiatives in the recent past geared towards revitalizing the BSC ecosystem and fueling the mainstream adoption of BNB ahead. BNB price is well positioned for midterm recovery as Binance reenters the Indian market among other global markets. Following the recent extreme negativity and fear toward Bitcoin (BTC) holding that has resulted in notable crypto liquidations, Binance native coin (BNB) price has dropped to the last three-month consolidation phase.  The large-cap altcoin, with a fully…