Binance Burns Almost $400 Million Worth of BNB

Crypto exchange Binance has burnt a considerable amount of its native token BNB under its 16th quarterly burn event. The world’s largest crypto exchange by trading volume burnt about 1. 3 million  BNB tokens worth around $393 million.

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After Binance’s $600 Million Burn, All Eyes On Ethereum’s EIP-1559 Implementation

Binance, the world’s largest cryptocurrency exchange by client count, destroyed approximately $600 million of BNB, an announcement on Apr 16 reveals. The $600 Million BNB Burn Burning coins takes them out of circulation, increasing the demand for other coins in circulation.

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Crypto exchange Binance burns nearly $600 million worth of BNB

Crypto exchange Binance ‘burned’ over $594 million worth of its own BNB token today, in a move that marked the largest ever burn that the exchange did. The post Crypto exchange Binance burns nearly $600 million worth of BNB appeared first on CryptoSlate.

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BNB Reaches New All-Time High in Anticipation of Quarterly Token Burn

BNB seems to be in the fifth wave of an ongoing bullish impulse. BNB Token Burn During its launch, Binance committed to burn 100 million BNB. The burning program involves the buyback and subsequent destroying of BNB tokens each year to reduce the total supply.

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Record $600M BNB burn suggests Binance made $750M in profit in Q1

Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit.

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Binance Burns Record $595.3 Million Worth of BNB, Reaching New Milestone

Leading crypto exchange Binance has reported another scheduled quarterly burn of BNB – this time destroying a record worth of BNB is USD

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Binance-Based DeFi Project TurtleDex Rugpulls, Converts 9,000 Stolen BNB In ETH

According to insider crypto journalist Colun Wu, recently launched DeFi project TurtleDex has performed a rugpull, stealing $2.4 million in BNB raised the pre-sale round

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DeFi Project Meerkat Suspected of $31 Million Rug-Pull

Compare The Meerkat In the DeFi markets, Meerkat Finance is known as the Yearn Finance (YFI) copy. Meerkat Finance’s token MKAT is down after a supposed exploit, leading to a loss worth $31 million, comprising just under $14 million worth of BUSD and 74,000 BNB.

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Rug Pulled on Users as DeFi Project Meerkat Finance Disappears Along with $31 Million

Just a day after the launch of the project on Binance Smart Chain, the DeFi project reported a hack, suspected to be a rug pulling, resulting in the loss of 13.96 BUSD and 73,653 BNB. The post Rug Pulled on Users as DeFi Project Meerkat Finance Disappears Along with Million first appeared on BitcoinExchangeGuide.

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Largest Binance Smart Chain Fraud: Meerkat Finance (MKAT) Rug Pulled with $32 Million Losses

Another day, another "rug pull" in DeFi corner. The team at Meerkat Finance (MKAT), BSC-based "yield farming" protocol, left with whopping $32 million in BUSD and BNB

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Adult Entertainment Site, PornHub, Adds Support for XRP, BNB, USDC & DOGE

Giant adult entertainment platform, Pornhub, is expanding its payment options for its customers after adding support for four other cryptos: USDC, BNB, XRP, and DOGE. The popular adult content website with approximately 120 million visitors per day will accept premium subscriptions using the four virtual coins.

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Binance Undergoes Largest BNB Token Burn to Date, $165 Million

Every quarter, Binance buys back a portion of BNB depending on the number of fees generated. It essentially redistributes those fees back to token holders and takes BNB off the market forever. With bitcoin breaking all-time highs and ethereum just touching it’s all time high, interest in the cryptocurrency space is growing.

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Binance Burns $165 Million Worth of BNB Tokens

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Binance Pours $5 Million Worth of BNB Into Smart Chain BUIDL Program

Binance has launched the BUIDL Reward Program in an attempt to attract greater dApp development on the Binance Smart Chain. Binance has invested $5 million worth of BNB into the project. This is part of Binance’s bigger venture — a $100 million injection into a DeFi accelerator fund that aims to connect DeFi with centralized […] The post Binance Pours $5 Million Worth of BNB Into Smart Chain BUIDL Program appeared first on BeInCrypto.

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Swerve Gets Listed on Binance; Sees Total Value Locked (TVL) Surge to $856 Million

Swerve continues to grow and gain a wider presence.  Just today, the DeFi token has been listed to the leading spot cryptocurrency exchange Binance. The exchange announced the listing of SWRV against its native token BNB and its stablecoin BUSD.

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C.R.E.A.M Finance Goes Live on Binance Smart Chain; Deposits Jump Past $300 Million

Earlier this month, Binance announced the launch of Binance Smart Chain to enable the creation of smart contracts and the staking mechanism for BNB. At that time, it announced Ethereum-based Cream as its DeFi collaborator, and today the DeFi project has gone live on Binance Smart Chain.

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Binance’s BNB Hits 5-Month High on $3M IEO Announcement; What’s Next?

BNB, the native token of Binance crypto exchange, extended its rally on Wednesday to hit its five-month high. The latest upside move came after Binance Launchpad announced its support for a $3 million IEO by the Sandbox Game.

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Binance conducts 12th quarterly Coin Burn

The Binance exchange recently burned 3,477,388 Binance Coins (BNB), equivalent to US$60.5 million.

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Binance Records Largest BNB Burn; CZ Says, “More Certain About The Future Of Crypto Than Ever”

Today, Binance announced the twelfth quarterly burn of its native token Binance Coin (BNB) which was the largest ever yet, reducing about 3. 4 billion BNB from the circulation. Not only was this the largest ever burn in terms of BNB supply but also in USD value at $60.

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Binance Card readies to launch in Europe offering crypto-based debit payments

Binance, the global blockchain and crypto exchange company, today announced the official rollout of its Binance Card in Europe and the United Kingdom (UK), enabling users to convert and spend their BTC, BNB, SXP, and BUSD to fiat at over 60 million merchants across 200 regions and territories worldwide.

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Crypto Price Analysis April 16: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

In the early hours of April 16, the BTC price reached a low of $6,461. However, it immediately reversed its trend and has reached a high of $7,147 within the same day. This increase could have been caused by the printing of $120 million Tether (USDT), which occurred slightly prior to the price beginning its […] The post Crypto Price Analysis April 16: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto.

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Binance To Launch A Crypto VISA Debit Card Using Bitcoin or BNB; Beta Out Now

It’s a race to market as Binance exchange becomes the latest crypto company to introduce their own debit cards, according to a release on March 26. The card is set to provide a fiat gateway to consumers to spend “their favorite crypto” across over 46 million VISA merchants and retailers worldwide. However, the project is […]

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IBMR gets fresh $3.48M for ARCC cryptocurrency basket fund; to list on BiKi

IBMR, an economic development reserve and advisory, announced it has raised $3. 48 million as an investment seed into the ARCC Currency Reserve, a basket of cryptocurrencies that include ALGO, BTC, and BNB as well as 700,000 USD in seed investments for US-based tech start-up companies.

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CZ Says BNB Burns Not Priced In after 2.2 Million Binance Coin Taken Out of Circulation Forever

Today, the world's leading cryptocurrency exchange Binance conducted its 10th BNB burn which has been the second biggest burn in USD terms, at $38. 8 million, and the 3rd highest burn in terms of BNB, at 2.

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Binance Coins (BNB) Worth $38.8 Million Now ‘Out of Circulation’

Binance carried out its 10th token burn, removing ~$38. 8 million worth of BNB from circulation, forever. Binance Performs its 10th Quarterly Token Burn The malta-based crypto exchange, Binance, has just carried out its 10th quarterly token burn, removing $38.

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Binance Lends a Helping Hand to Australian Bushfire Victims with $1 Million BNB

Binance Charity, the blockchain-based charity arm of the world’s number one cryptocurrency exchange by trading volume, has announced that it has initiated the Australia Bushfire Donations project to help raise funds for the restoration of the region which has been devastated by wildfires.

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Binance Charity Launches Relief Effort for Australian Bushfires

Binance Charity Foundation is donating $1 million in BNB tokens to help relieve the devastating impact of the fires in Australia

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Binance Partners With Baxna To Introduce EUR, GBP And AUD Fiat-To-Crypto Gateway

Binance exchange announced a partnership with Australian firm, Banxa, a fiat gateway service, to offer fiat-to-crypto buying services to select countries. The news comes in light of Binance’s recent $1 million USD donation in BNB to help in fighting the bush fires.

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TRON's TRX to Join XRP, BNB on Binance-Backed SafePal Wallet as Tron Gets Four Million Active Accounts

Binance Labs-backed SafePal wallet is going to add TRX after the recently added support for XRP and Litecoin

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TRX to Join XRP, BNB on Binance-Backed SafePal Wallet as Tron Gets Four Million Active Accounts

Binance Labs-backed SafePal wallet is going to add TRX after the recently added support for XRP and Litecoin

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Crypto Exchange OKEx’s CEO Questions Binance’s Q3 BNB Buyback

On Oct. 17, leading cryptocurrency exchange Binance announced the 9th quarterly BNB burn of 2,061,888 BNB, equivalent of $36. 7 million. The removal of over 2 million BNB has only 187,536,713 left in the total supply, as per Coinmarketcap.

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BNB Price Drop Baffles Binance CEO, Cites Optimal Q3 with an Estimated $185 Million Profit

The Binance Coin, or BNB, has dropped 50% from its all-time high in June. This makes little sense for Chanpeng Zhao, Chief Executive officer and founder of the major cryptocurrency exchange. He cited new services, things like margin trading, increased fiat on-ramps, and peer-to-peer to trading.

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Binance DEX Adds BNB/BUSD Trading Pair, Burns $36.7 million worth of Binance Coin

The decentralized exchange rolled on by crypto exchange giant Binance earlier this year is now offering it's clients a new service to purchase and sell Binance’s new USD-pegged stablecoin with BNB. On Oct 17, on its official Twitter platform, Binance DEX announced a new listing on its platform, BNB/BUSD Trading Pair. the pairing means that […]

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Binance CEO: BNB no longer reliant on reducing supply to increase value

Today, Binance exchange announced that they had completed their 9th quarterly BNB token burn in accordance with the token’s whitepaper. Over 2 million BNB worth around $36. 7 million was burnt during this process.

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Binance Completes 9th Coin Burn After Successful Q3

Binance performed the second-biggest coin burn in history, taking out 2 million Binance Coin (BNB) from circulation.

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Binance Burns More Crypto Tokens as Quarterly Profits Surge

There has been little to get excited about this week on crypto markets. The bears have ramped up the pressure and the selloff has continued resulting in $14 billion leaving the space since late last week.

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eToro Senior Analyst Moves BNB Profits to EOS Following SEC ‘Godsend’

On Monday, September 30th, the United States Securities and Exchange Commission issued a $24 million fine to the blockchain company block. one. This was done in order to punish them for carrying out an unregistered ICO for more than a year, which BeInCrypto reported on previously.

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BNB Use In Binance Futures Ecosystem Similar To Spot Market: Invite-Only Beta Launch Volume Clears $150M

Binance futures has been finally launched but are currently on an invite basis. The 24-hours trading volume of the leading cryptocurrency exchange's futures market surpassed $150 million denominated in USDT.

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Binance Coin did great in Q2 despite $40M exchange hack – here’s what happened

Binance Coin (BNB) is one of the newest cryptocurrencies on the block. It comes from one of the world’s largest virtual currency exchanges of the same name, Binance.   The token launched in July 2017 as an ERC20 token based on the Ethereum blockchain, raising over $15 million in an initial coin offering (ICO).

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Binance Coin (BNB), Bitcoin SV And ChainLink Nearest To Their All-Time Highs

Binance’s Binance Coin is now emerging as the best performing cryptocurrency of 2019, despite its recent $40 million BTC hack loss. As per market data, it is the closest altcoin to its all-time high value, followed by Chainlink and Bitcoin SV.

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Set To Reach New Highs, Binance Burns $25 Million Worth Of BNB Tokens

Binance, the current biggest cryptocurrency exchange announced their quarterly burn. This is the destruction of the exchange’s Binance coin (BNB) tokens. So this July 12, 808,888 BNB Tokens worth over $25 million were burned, Tokens that Binance says were allocated only for the Binance Team and not any tokens that belonged to private users.

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Binance pledges to burn its entire team allocation of BNB, over $2 billion to be burned

The world’s leading cryptocurrency exchange Binance pledged to burn its entire team allocation of BNB, a token representing pseudo-equity in the exchange, which provides ‘dividends’ through burn appreciation and additional value in the Binance ecosystem.

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Binance Destroys $26 Million Worth of Its Team’s BNB Tokens

Binance says it has completed the eight quarterly "burn" of Binance coin tokens – all from its team's allocation.

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Binance burns BNB tokens worth $24 million in its quarterly burn program

Binance is the world’s leading cryptocurrency exchange by trading volume, well-known for its transparency and its focus on keeping consumers happy. Binance’s native token, BNB, has recorded tremendous growth throughout 2019, breaching its all-time high on a couple of occasions.

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Whale Alert: Massive $300 million transfer takes place on Binance Chain; funds SAFU, says CZ

Binance, one of the world’s largest cryptocurrency exchanges, has been having a wonderful year in terms of new developments, such as their new Binance DEX and the massive growth of Binance Coin [BNB].

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Binance Employees Really Like Binance Coin

Believing in the long-term growth of Binance Coin (BNB), Binance CEO Changpeng Zhao revealed that employees hold a total of 32 million BNB, worth about $1.2 billion.

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This IEO Crypto Token is Up 800% After Binance DEX Launch

Crypto figures were urging caution June 1 after the first token to trade on both Binance and Binance DEX saw suspiciously high trade volume. Harmony Outperforms BNB Crypto Token Harmony (ONE), which constitutes Binance’s latest initial exchange offering (IEO), saw over $600 million in volume in the 24 hours to press time, according to data from CoinMarketCap.

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Insane 550% Gains Makes Binance Coin (BNB) 2019’s Most-Profitable Cryptocurrency

By CCN: Binance is one of the world’s largest cryptocurrency exchanges and also the scene of a $40 million bitcoin theft. But that has not deterred the firm’s native token, Binance Coin (BNB), from becoming the 2019’s best performing digital asset.

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Harmony (ONE) to Get Listed on Binance DEX; Announces 25 Million Token Airdrop

Cryptocurrency exchange Binance published a blog post on May 30, 2019, stating that it would airdrop 3,000 BNB coins to celebrate the successful completion of the Harmony (ONE) initial exchange offering (IEO) on Binance Launchpad.

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