Tag: $BNB

Crypto Market – November 14, 2022

Last week was the worst in five months. Bitcoin (BTC) lost 22% of its value in seven days. This happened during a terrible year for the blockchain industry, which was recently hurt by the FTX scandal. The decline in BTC and stablecoin exchange reserves over the last several days indicates a lack of market confidence and the predominance of fear. Expect price volatility throughout the crypto ecosystem as asset holders alter their portfolios...

$AVAX, $BNB, $SHIB, $SOL, Bitcoin, Crypto market, Cryptocurrencies, Ethereum, Tron

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Crypto Market – November 1, 2022

The cryptocurrency market recovered its gains on Tuesday. Dogecoin’s volatility and oscillations persisted after Elon Musk bought up Twitter. Falling money supply growth is a positive sign for Fed development. Tuesday’s trading was unchanged for the top two cryptocurrencies by market size, but they were still trading far above their most recent support levels. Bitcoin$17,262.842.61% Over the last 24 hours, the price of...

$AVAX, $BNB, $DOGE, $SHIB, Bitcoin, Crypto market, Cryptocurrencies, Ethereum

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Binance burns the BNB tokens the recent hacking minted

Last week, someone broke into the BNB Chain Bridge and used fake withdrawal proofs to get exactly 2,000,000 BNB. At the time, the net value of the stolen BNB was around $566 million. Now that Binance has finished its twenty-first quarterly burn of BNB tokens, the losses from last week’s bridge attack have been made up for.  When BSC chain validators stopped the network because of the attack, the hacker lost most of these coins....

$BNB, Altcoins, Cryptocurrencies, Front page

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BNB Cross-Chain Bridge Hacked

After a short downtime Thursday night due to reports of an exploit, which proved out to be genuine, Binance’s BNB Smart Chain (BSC) went back up early Friday morning. Binance said that on Thursday, additional BNB were created on the exchange’s cross-chain bridge, BSC Token Hub, leading to a theft of at least $70 million (Cointelegraph). With a market worth of almost $46 billion, BNB is the fourth biggest digital asset. The price...

$BNB, Binance, Front page, Hacks

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Crypto Market – October 7, 2022

Friday saw a decline in cryptocurrency prices as data showed that the rate of job growth in the United States was lower than expected. The riskier asset class is a clear reflection of macroeconomic worries. Bitcoin$17,262.842.61% Over the previous day, Bitcoin (BTC) has fluctuated in price between $19,323 and $20,075. Bitcoin has dropped -2.75% today, to a price of $19,460 (as of 18:00 UTC). At the same time that cryptocurrencies were...

$BNB, $DOGE, $SHIB, $SOL, Bitcoin, Crypto market, Ethereum, Uniswap

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BNB Chain announces zero-knowledge scaling technology

Binance’s main BNB chain has announced the release of its zero-knowledge-proof scaling technology, zkBNB.  As a precautionary measure to ensure scalability, zkBNB was released on the BNB Chain testnet on September 2nd, far ahead of its official launch in November. According to BNB Chain, zkBNB will improve both the user experience and scalability metrics like transactions per second. Vitalik Buterin, Ethereum’s creator,...

$BNB, Binance, Cryptocurrencies, Exchanges, Front page

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Crypto Market – Aug 29, 2022

Bitcoin dropped below $20,000 on Sunday as part of a larger cryptocurrency market fall prompted by concerns about the Federal Reserve’s rate-hike plan. In the preceding twenty-four hours, Bitcoin (BTC) has traded between $19,518 and $20,384. As of 14:00 UTC today, BTC is trading at $20,264, an increase of 1.11%. Bitcoin$17,262.842.61% The majority of the largest cryptocurrencies by market capitalization are trading mixed. The...

$ADA, $AVAX, $BNB, $XRP, Cardano, Crypto market, Polygon

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Crypto Market – Aug 25, 2022

Bitcoin and Ether have been trading sideways after their late-week drops. Cryptocurrency investors are eagerly awaiting “The Merge” in Ethereum as well as signals from the US Federal Reserve. Over the previous 24 hours, the price of a single Bitcoin (BTC) has fluctuated between $21,305 and $21,818. Bitcoin (BTC) is trading at $21,608, down by -0.51% as of 08:00 PM (UTC) today. Bitcoin$17,262.842.61% The worldwide cryptocurrency...

$BNB, $SOL, Bitcoin, Cryptocurrencies, Ethereum, Polygon, Tron

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Crypto Market – Aug 22, 2022

The worldwide cryptocurrency market capitalization is now $1.05 Trillion, representing a change of -1.59% over the last 24 hours and a change of -51.4% over the past year. The current market capitalization of Bitcoin (BTC) is $407 billion, representing a 38.69% market share. The market capitalization of Stablecoins is now $153 billion, or 14.56 percent of the overall crypto market capitalization. Bitcoin$17,262.842.61% Bitcoin was able...

$BNB, $DOGE, $SHIB, $SOL, Bitcoin, Cryptocurrencies

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