Binance ditches the “Binance” in Binance Smart Chain
In a move that suggests that Binance no longer wants to be directly associated with the BSC blockchain, Binance is removing the “Binance” from the BSC acronym, renaming the blockchain BNB chain.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Forbes magazine announced a $200 million strategic investment from the world’s largest cryptocurrency exchange.
This day 11 years ago, bitcoin reached parity with the U.S. dollar. Those who were fortunate, or clever, enough to buy bitcoin at $1, and managed to HODL on to it, have made a handsome profit since.
An investigation by Glassnode shows that merely 6 out of 18 crypto exchanges have fully adopted the SegWit Bitcoin update activated back in 2017. As exchanges are the biggest consumers of Bitcoin blockspace, SegWit adoption by exchanges is important.
Last month, crypto spot trading volumes fell to the lowest levels since December 2020.
DESO’s value briefly spiked to new highs after it listed on Coinbase, the value of the asset has now plummeted to less than 65% of its ATH.
Since all-time-high in November 2021, things has been looking gloomy in the cryptocurrency market with bitcoin falling almost 50%. But there are clear trends suggesting a shift is on the horizon.