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Tag: Binance

  • Top ICOs and Airdrops of the Week

    Top ICOs and Airdrops of the Week

    Active ICOs

    ICO

    ChainPort

    The ChainPort (PORTX) ICO continues in full swing and has successfully pulled in its full fundraising goal of $12.55 million, by offering 45% of its 1 billion total tokens. ChainPort is essentially a next-generation blockchain service that acts as a full-security custodian blockchain bridge. It allows its users to hop across different chains upon a single click, hence efficiently smoothening and streamlining blockchain functions. The token sale will close later today.

    Moverse

    Another active token sale to keep watch of is that of Moverse (MOVE), which offers an innovative blockchain-based fitness and finance service (FitnessFi), whilst incorporating AI-based tools. The app, which is set to launch both in the App Store and Google Play, will reward users through exercise and healthy fitness moves. With two days of the token sale remaining, MOVE has reeled in $600,000 of its $1 million target, while its target was initially set at $400,000.

    Capsule Social

    Capsule Social is project that had been dominating discourse amongst blockchain enthusiasts for a number of months. Its ICO has been a large success, with more than double of its initial $1.07 million target being raised. Reeling in a staggering $2.7 million, the token sale has a further 3 days to go. Capsule Social is a platform for content writers across the world, that runs on the Web3 publishing format, also referred to as “blogchain”.

    Upcoming ICOs

    Re:water

    Re:water (WTR) is a hyped-up approaching ICO that many in the market have been discussing. It is essentially a multi-staking platform, which is truly universal in nature. It further aims to cater to every kind of decentralized asset, and hence brands itself as being the star within the metaverse of liquidity, from which it gets its name. This token sale is set to start tomorrow.

    SLEEP

    Yet another upcoming ICO, we here at Stocks Telegraph bring to you is that of the Web3 lifestyle app, SLEEP, which offers users the opportunity to earn rewards as they sleep. The SLEEP platform combines both social and gaming blockchain elements to deliver an innovative blockchain tool. Even though the token sale is scheduled to initiate tomorrow, $1.15 million of its $2.05 million fundraising target has already been achieved.

    Neptune Mutual

    Neptune Mutual (NPM) is another exciting ICO scheduled to take place sometime during this month. Even prior to official initiation, a staggering $10.05 million has already been raised against its modest $300,000 fundraising target. NPM is essentially a cover protocol that is fully decentralized by the blockchain and allows users to limit their risk exposure to the volatility of the crypto-markets.

    Ended ICOs

    BNext

    The Spanish financial platform, BNext (B3X) has finally seen its token sale come to a successful close, after raising a staggering $50 million sum, compared to its $150,000 fundraising goal. 40% of its total 3.5 billion tokens were offered up for sale. BNext is modeled upon a successful Web 3.0 strategy, which offers a booming opportunity to the growing DeFi enthusiasts within the Spanish world.

    Ookeenga

    The Ookeenga (OKG) ICO was another that came to a pleasant close, reeling in its full $2.84 million target in the process. Although the target was initially $800,000, the early wave of interest surrounding Ookeenga led to a push up. Ookeenga is a mobile 3D NFT gaming experience, allowing users to play, as well as earn and own rewards collected from within the immersive world of OKG.

    Hottest Airdrops

    DeFi Chain

    1. Create an account at Cake Defi.
    2. Verify your email address and then log in.
    3. Ensure the KYC verification is complete, by following the steps on the screen.
    4. Make a deposit of $50 into lending, staking freezer, or liquidity mining freezer.
    5. The funds would freeze for a minimum 28-day period before redemption.
    6. You will receive DFI coins worth $30.
    7. You will also reel in DFI worth $10 upon every new referral.
    8. In the Confectionery Program, rewards will be locked for 180 days. During this time you will be earning interest on these earnings at a rate of 34.5%.

    Smart Aliens

    1. Visit the Smart Aliens NFT giveaway page.
    2. Input your details on the information form and create an account.
    3. Fulfill the simple tasks and listen to earn multiple entries.
    4. Referrals allow you to earn even more entries.
    5. Up to 250 participants will get Miss Bob NFTs and another 250 participants will get Mr. Bob NFTs.
    6. The rewards distribution will take place after the opening of their marketplace.

    Binance

    1. Create an account on Binance to be eligible for this airdrop.
    2. Deposit more than $50 equivalent via cash deposit, buy with credit/debit card, P2P trading, or cryptocurrency deposit within 14 days after registration.
    3. You will get a 100 USDT cashback voucher.
    4. Users can refer more friends to join Binance through the Lite Referral Mode to win additional Gift Card rewards that are worth up to 200 BUSD each.
  • Crypto Exchange Binance won a battle in Court

    Crypto Exchange Binance won a battle in Court

    Major crypto exchange Binance won a fight in court on Thursday.

    A government judge in the USA excused a claim blaming the trade giant for disregarding US protections regulations by offering unregistered tokens and neglecting to enroll as a trade or merchant seller, Reuters detailed.

    The appointed authority said that the financial backers sued the trade past the point of no return, considering that they stood by over one year after their buys to record, it added.

    Besides, Binance is certainly not a homegrown trade, and even it is utilizing the innovation situated in the US and Amazon PC administration – homegrown protections regulations don’t have any significant bearing, as per the adjudicator.

    Established in 2017, Binance is supposed to be enlisted in the Cayman Islands.

    Crypto financial backers associated with the claim had brought this claim against the world’s biggest crypto trade by exchanging volume, guaranteeing that Binance “improperly occupied with a huge number of exchanges” and that it neglected to caution them about the “critical dangers” of purchasing the nine tokens being referred to. They tried to get back what they paid, said the report, refering to a 327-page-long record.

    These financial backers case to have purchased EOS, QSP, kyber network (KNC), tron (TRX), FUN, symbol (ICX), OMG, LEND, and ELF on Binance beginning in 2017, yet these coins before long lost quite a bit of their worth, prompting the collective choice’s to record the claim.

    In the interim, as detailed prior, Binance got a permit from the Central Bank of Bahrain to work as a cryptoasset specialist organization in Bahrain, extending to the Arab Gulf States. Likewise in March, Binance said it was conceded a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority, which will permit it to work inside Dubai’s “test-adjust scale” virtual resource market model as a base for venture into the area.

    At the hour of wiritng the fourth cryptoasset by market capitalization BNB was exchanging at USD 427. It was down practically 5% in a day, managing its week after week gains to practically 3.28%.

  • Coinbase Pay and Binance Pay

    Coinbase Pay and Binance Pay

    A significant digital money trade situated in the United States With the creation of Coinbase Pay, Coinbase is focusing on both conventional payment methods and ways and crypto-local contenders. The new arrangement, notwithstanding, contrasts from existing installment arrangements from contenders, for example, Binance in that the previous is a way for clients to subsidize accounts with fiat and send crypto to others free of charge, while the last option is a way for clients to support accounts with fiat and send crypto to others free of charge.

    As indicated by a declaration made recently by Coinbase, its new payment administration is a Chrome internet browser extension intended to make it “simple and natural for anybody” to partake in decentralized finance (DeFi) or exchange non-fungible tokens (NFTs).

    Taking part in both of those areas normally requires clients subsidizing and utilizing non-custodial program-based wallets, for example, MetaMask, which Coinbase portrayed as “a lumbering cycle that includes various strides” with a high potential for client mistake.

    To resolve this issue, Coinbase gave its own installment arrangement, guaranteeing that it makes it conceivable to assist with financing its laid out program wallet, the Coinbase Wallet, with one or the other fiat or crypto from different wallets.

    Different wallets, like MetaMask, can’t be altogether subsidized with government-issued money from a charge or Visa. The joining of the installment framework into Coinbase’s wallet kills the need to switch between various applications and sites to financing the wallet, making it “quicker, more straightforward, and safer than any time in recent memory,” as per the trade.

    In the interim, Binance Pay, an installments framework sent off last year by rival crypto trade Binance, depends on the trade’s versatile application instead of any program augmentation and is fundamentally expected to work with installments between Binance clients.

    Remarkably, Binance Pay just works between clients who have a Binance account and have finished personality confirmation; it isn’t, accordingly, a conventional crypto installments framework that can move assets to anybody.

    Binance’s move comes one month after Bitfinex, a contending exchanging stage, took a comparative action.

    Preceding the authority send-off last year, Binance declared that Travala, a movement booking site claimed by the trade, had turned into the main vendor to incorporate the new installments arrangement. Different vendors, like CryptoRefills and Coinsbee, have since been added to the Binance Marketplace entrance.

    To send an installment to somebody utilizing Binance Pay, a client should either check the beneficiary’s QR code or enter their “Pay ID” as a username. This is as opposed to Coinbase Wallet, which actually expects clients to realize the beneficiary’s full wallet address to make an installment.

  • Binance (BNB) looking to Secure banks, gets License in Dubai

    Binance (BNB) looking to Secure banks, gets License in Dubai

    Binance, the world’s greatest crypto trade by exchange volume (trading volume), is viewing securing banks as well as installment processors in Brazil, as per Binance CEO Changpeng “CZ” Zhao.

    Zhao likewise expressed that the organization is hoping to fortify its 100-man group in Brazil while talking at EthereumRio, an Ethereum people group occasion held in Rio de Janeiro.

    Zhao’s remarks follow Binance’s marking of a Memorandum of Understanding (MoU) on Monday to procure Brazilian protections business Sim; paul Investimentos.

    As indicated by Zhao, the trade expects to team up intimately with controllers and government offices to track down ways of cultivating the improvement of the digital money industry “in a solid and cooperative way.”

    On Monday, Zhao met with controllers and lawmakers in Brazil, including the legislative leader of the Brazilian province of So Paulo, Joo Dória.

    In Brazil, forthcoming regulation would require crypto trades to be appropriately authorized, which would require the foundation of a neighborhood office or the securing of a current administrator.

    Last week, Zhao expressed that Binance means to gain more organizations in non-crypto businesses to widen the allure of advanced resources.

    Binance Granted a License in Dubai

    Binance declared on Wednesday that it has been allowed a permit to direct its operation in Dubai, from which it plans to lead the operation and business.

    The granting of the Virtual Asset License by Dubai’s recently framed Virtual Asset Regulatory Authority (VARA) comes after Binance was allowed a crypto-resource specialist co-op permit by Gulf neighbor Bahrain on Tuesday, the organization’s first such permit from a Gulf Cooperation Council (GCC) country.

    As per the declaration, the digital money organization will likewise layout a blockchain innovation center in the Dubai World Trade Center (DWTC).

    Monetary controllers all over the planet have designated Binance, with some disallowing the stage from taking part in specific exercises and others illuminating clients that it isn’t authorized to work in their purviews.

    As local monetary rivalry warms up, the United Arab Emirates (UAE), the Gulf region’s monetary capital, has been squeezing to foster the virtual resource area and guideline to draw in new types of business.

    Dubai, one of the UAE’s seven emirates, passed its first virtual resource regulation last week and laid out VARA as a controller to manage the area.

    Binance declared in December that it was teaming up with DWTC to lay out a global virtual cash environment in Dubai and to assist with creating virtual resource guidelines.

  • Binance Coin (BNB) – Bulls to push towards $350

    Binance Coin (BNB) – Bulls to push towards $350

    Binance Coin (BNB) appears to be the only cryptocurrency out of the large market cap ones to be moving upwards. The bulls have begun dominating the bears for Binance Coin as it started off on an upward trajectory. At the time of writing, BNB coin stands at a price level of $320. The price has increased by more than 5% in the past twenty-four hours while the trading volume has gone up by nearly 60%.

    Binance Coin (BNB) technical analysis

    The market outlook for the cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out an indication of buy while eight are standing at a neutral position and seven are bearish at a sell indication. The oscillators are bearish while the moving averages are bullish.

    Binance Coin (BNB) technical analysis
    Binance Coin (BNB) technical analysis

    Binance Coin can be observed to be operating inside a triangle formation. The price of the cryptocurrency has been oscillating up and down inside the formation while testing the boundaries as resistance and support levels. Up till now, the upper and lower boundary have been established as strong resistance and support, respectively. The recent bullish trend can be seen helping BNB coin reach towards the upper boundary of the formation – towards a likely break out. The price target for the cryptocurrency has been set at $347.

    Is Binance Coin (BNB) a good investment?

    The market has been flooded with cryptocurrencies; however, investors regard more than 90% of the cryptos as junk with just a handful of them worthy of attention. With so many cryptocurrencies in the market, how can one decide which one is a good investment? Simple, its technology.

    Binance Coin can be considered a good investment because of the underlying technology which is the Binance crypto exchange. Binance is the largest exchange by trading volume. The behemoth of an exchange also has a decentralized asset exchange – Binance Smart Chain – and an ecosystem of its own. Now, are there more chances of failure of a new cryptocurrency or of a large exchange like Binance? Hence, BNB coin possess locked potential.

    Moreover, the future projections for the cryptocurrency are more than bullish. According to the estimates of Wallet Investor, BNB coin was be trading at $664 in a year’s time while the five-year projection places the coin at $2000.

  • Binance Coin (BNB) to go upwards to fall downwards?

    Binance Coin (BNB) to go upwards to fall downwards?

    Binance Coin (BNB) has fallen from its golden days of nearly $700 to a price level of $269, at the time of writing. BNB coin has fallen nearly 60% in the one-month timeframe. The market crash had been brutal to all cryptocurrencies with gains seen in the bull run nearly reversed. Binance Coin is on a steep downtrend with the price decreasing by 10% in the past twenty-four hours. However, the daily trading volume of the cryptocurrency has been rising as investors follow the “buy the dip” mantra. The question is, how much more will Binance Coin actually fall?

    Binance Coin (BNB) Technical Analysis 

    In line with the overall crypto market, the sentiment for BNB crypto is bearish. Out of the total twenty-six technical indicators, fourteen are giving out a signal of sell with seven standing at a position of neutral and only five indications at buy. The oscillators are neutral while the moving averages are strongly bullish.

    Binance Coin (BNB) Technical Analysis
    Binance Coin (BNB) Technical Analysis

    A trader has identified two possible trajectories for Binance Coin in their BNB crypto price analysis. At the crucial movement that BNB coin is operating at, it can either establish support and go upwards or fall too much lower price levels. Binance Coin has failed to establish a support level at the price level of $275 – which was a strong supporting level. The next support lies at the price level of $225 followed by $140. If the coin is on an upside move than the resistance level at $476 can be a possible price target.

    Is Binance Coin a good long-term investment?

    If observing the current market scenario then this question may be hard to answer as the market is in a dip and not many cryptocurrencies can show a good short to mid-term potential. Cryptocurrencies are considered good or bad based on their underlying technology – the difference they are making.

    Binance Coin may be considered an integral part of the Binance ecosystem – which is not something to be. Taken lightly. Binance is, after all, one of the largest cryptocurrency exchanges with accounting for the highest Bitcoin futures volume. The Binance coin is also the native token of the Binance Smart Chain – making it have a good stake in various good projects. So, given the technology Binance Coin is expected to climb upwards.

  • Cryptocurrency exchanges not ready for the market?

    Cryptocurrency exchanges not ready for the market?

    The cryptocurrency market had crashed amidst environmental concerns. The market crash has bought a lot of Hodlers as well as panic sellers. The market capitalization of cryptocurrencies fell from above $2 trillion to $1.78 trillion. The past week had seen unparallel volatility with the market flooded by buyers and sellers.

    Binance, the world’s largest crypto exchange, had temporarily suspended Ethereum (ETH) withdrawals from the exchange as the orders kept piling up. Coinbase, another major crypto exchange, had also been suffering from downtimes. Binance had also been cited to freeze users’ accounts for prolonged periods of time and without citing any solid reason.

    Two of the major cryptocurrency exchanges have not been able to handle the large traffic in the crypto market – with others struggling as well. Both exchanges have commented on working towards resolving the issues but is the market not ready for cryptocurrency adoption yet?

    Bitcoin’s Proof of Work (PoW) mechanism had been under a lot of debate. Various researches have pointed out towards the exorbitantly high energy consumption of cryptocurrencies operating with the PoW staking mechanism. However, it was not until Elon Musk that the cryptocurrency sphere took the matter seriously.

    Elon Musk’s Tesla had earlier announced to accept Bitcoin as a mode of payment but the billionaire CEO announced that Tesla is ceasing the acceptance of Bitcoin as a payment method. The announcement caused an uproar in the market which led to a brutal market crash. At the time of writing, the king of cryptocurrencies is down by nearly 20% in the weekly window. As the market shows some reversal, whether or not the leading exchanges are ready for the behemoth cryptocurrency industry is set to become is under debate.

  • Binance Adding Three New Stock Tokens to its Offering

    Binance Adding Three New Stock Tokens to its Offering

    Binance has announced to launch the stock tokens of Microstrategy (MSTR), Apple (AAPL), and Microsoft (MSTF). The launch of the three additional stock tokens would make the total tokenized stock offering of Binance equal to five. The first stock token to go live on the exchange is MSTR today, followed by Apple on April 28 and Microsoft on April 30. The first stock to be traded on the cryptocurrency exchange was Tesla (TSLA) on April 12 followed by Coinbase (COIN) on April 15.

    As the stock tokens were created in partnership with the investment group CM-Equity, the tokens are not available in areas restricted to CM-Equity like the US, mainland China, and Turkey. CM-Equity is also responsible for backing the stock tokens by portfolios of the underlying securities.

    Binance’s new product, tradable stock tokens, offers traders the opportunity to trade tokenized fractions of stocks. Users can trade fractionalized units of stocks as low as one-hundredth of a stock. The stock tokens are used to track the performance of the underlying security. The stock tokens are traded against Binancestabelcoin (BUSD) and not against US Dollars.

    The tokenized stocks have been under scrutiny of European regulators as the true nature of the product is argued. Germany’s Federal Financial Supervisory Authority, BaFin, is worried that the tokenized stock may not be able to provide the required transparency. European Union regulators have also voiced their concerned over the new product. However, Binance has not let it affect its new product as it adds three new stock tokens to its offerings.

    The launch of the new stock tokens and Binance’s expansion is because of its strong competition with the crypto derivatives platform, FTX, which had earlier launched its own stock tokens.

  • Binance’s New Product Under Scrutiny

    Binance’s New Product Under Scrutiny

    The leading cryptocurrency exchange Binance had recently launched a new product – tradable stock tokens. The tradable stock tokens are aimed to enable users to benefit from returns on equities without having to purchase full shares. The first stock token to be publically traded is Tesla. Through the stock, token users can purchase as little has one-hundredth of Tesla’s stock which will be represented by a digital token. The stock price will be settled in a stablecoin, Binance USD (BUSD), and will not be tradeable for shares.

    Regulation in the cryptocurrency sphere has been a widely debated topic and with the rise of the crypto market governments are realizing regulation needs to be taken seriously while preserving an environment that harbors innovation and cooperation as well.

    The new tradeable stock token of Binance has not gone unnoticed by regulators. European and British regulators are debating over the tradeable stock token’s compliance with securities laws. Germany’s Federal Financial Supervisory Authority, BaFin, is worried that the tokenized stock may not be able to provide the required transparency. There is ambiguity regarding the nature of the stock tokens and it is unclear whether they are securities or not.

    The tradeable stock was designed in partnership with the regulated investment group CM-Equity AG. Binance has argued that the tokens are official products of CM-Equity AG which makes them fully compliant with European as well as German regulations. The cryptocurrency exchange further argues that since the stocks are settled in Binance USD and not fiat currency, they do not give the same rights as traditional stocks.

  • Record high open interest of $10 billion observed by Binance Futures

    Record high open interest of $10 billion observed by Binance Futures

    The rise of crypto derivatives is closely linked with the rise of the cryptocurrency market. The bull run since December of 2021 appears to still be sustaining with minor market retracements and the cryptocurrency market is not losing its appeal any time soon.

    Binance Futures, Binance’s cryptocurrency derivatives platform, has recently hit a record high open interest of $10 billion on Saturday with a yearly growth of a staggering 3,900%. The sharp increase in the value of derivatives that are not yet settled is indicative of the high capital inflows in the market.

    The derivatives platform has now over 180 pairs being offered. The record high open interest is attributed majorly to increased retail interest as Binance is regarded as the platform for retail investors. Increasing retail interest in the cryptocurrency sphere points towards the mass adoption of cryptocurrencies being sooner than expected.

    After establishing the record high 24-hour open interest, the exchange open interest moved lower than the $10 billion mark. However, the open interest stayed close to the $10 billion level – touching it several times.