Coin98 gains 1,200% after Binance listing, Ampleforth soars on Aave integration

Few things in the cryptocurrency space generate more hype than a new token listing because the prospect of finding a rare 1000x coin continues to be a top goal of many crypto investors.  Coin98 (C98) is the most recent example of this phenomenon after the Binance Smart Chain-based decentralized finance (DeFi) solution rallied 1,200% from its initial coin offering price at $0.075 to $0.928 on its first day being listed on exchanges. Coin98 Binance Launchpad subscription has been completed. Please wait for @binance to send C98 and BNB to your…

FXT token taps into Binance Smart Chain following ERC-20 success

Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1500% growth since its launch back in January 2021.  The new token, which is built on the Binance Smart Chain (BSC), is designed to reduce transaction costs and settlement times compared to its Ethereum-based predecessor. In addition to increasing the altcoin’s overall performance in efficiency and utility, FXT intends to list its token across several crypto exchanges to make it globally available. Given FXT’s lower price threshold and a history of massive return…

Binance U.S. May Go Public, CEO Says

Key Takeaways Changpeng “CZ” Zhao has said Binance’s U.S.-based division is considering an IPO. The update from the exchange’s CEO comes amid a wave of regulatory warnings over the exchange’s practices. Zhao has said that the exchange will ensure it complies with regulators. Share this article Speaking at an online event Friday, Binance CEO Changpeng Zhao said Binance U.S. was “looking at the IPO route.”  Binance U.S. Considering IPO  Binance U.S. may list shares on a U.S. exchange through an initial public offering in the near future.  Changpeng “CZ” Zhao,…

Binance US ‘looking at IPO route,’ CZ says

Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance. Changpeng Zhao, founder and CEO of the global exchange Binance, talked about its ongoing regulatory issues and future plans at the blockchain virtual summit REDeFiNE Tomorrow 2021 on Friday. The CEO expressed confidence that Binance is set to face heavy regulations in the future, noting that the company “is in the mindset of shifting from a tech startup to a financial service.” Zhao reiterated that Binance had…

NatWest cuts payment channels to Binance, citing regulatory uncertainty

NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, the bank confirmed to Cointelegraph on Thursday. “All credit and debit card transactions to Binance have been blocked. We have been limiting payments to Binance for a number of weeks,” a spokesperson for NatWest said, adding that resuming Binance support will be continually under review. The representative said that the bank has seen a high level of cryptocurrency investment scams targeting its customers across retail and business…

Binance Australia partners with Koinly for tax reports as ATO ramps up compliance

The Australian branch of leading cryptocurrency exchange Binance has increased the ability for users to accurately report tax liabilities amidst increased pressure from local tax authorities. Binance has partnered with cryptocurrency tax startup Koinly to assist users grappling with ever-increasing tax obligations down under. Binance users in Australia have been offered access to Koinly’s tax reporting solution through the integration. Koinly was founded in 2018 and supports over 600 exchanges and wallets, enabling users to sync their full crypto trading history with one central ATO-compliant platform. The move comes as…

Bitcoin erases 2021 gains as BTC price falls to ‘biggest bid ever’ on Binance

Bitcoin (BTC) breaking below $30,000 has cost it almost all of its 2021 bull run gains — but a historic silver lining is ready to rescue bulls. Data from crypto exchange Binance’s order book confirms that BTC/USD has almost dipped to the strongest support zone ever seen. BTC price arrives at “biggest bid ever”  It has been a rough 24 hours for Bitcoin hodlers, and the rout doesn’t seem to be over yet. After losing 6% overnight, BTC/USD hit lows of $29,300 — $300 below where it opened at the…

Binance Burns $390M in BNB, Implying $2B Q2 Profits

Key Takeaways Binance has completed its 16th quarterly Binance Coin (BNB) burn, a regular practice that keeps the coin’s value strong. Over 1.2 million BNB tokens have been destroyed, equivalent to $390 million at the time of the burn. The amount burned implies Binance made close to $2 billion in profit since April. Share this article The world’s largest crypto exchange, Binance, has conducted its quarterly token burn, destroying $390 million worth of Binance Coins (BNB).  Binance Burns BNB tokens Binance has completed its 16th quarterly BNB token burn. The…

Binance burns $390M worth of BNB tokens

Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just under $400 million at the time. The exchange noted an additional 5,163 BNB that were destroyed through its Pioneer Burn Program — an incentive that aims to help users who have lost tokens through honestly mistaken transactions to smart contracts. Binance covers the losses, returning the tokens to users under specific circumstances. These token numbers are then…

SEC delays another ETF decision, Binance news, and more sideways BTC price action: Hodler’s Digest, July 11–17

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   New data hints why Bitcoin price action has spent two months at $30K Bitcoin (BTC) posted another week of range-bound price action. Bitcoin has traded in a fairly tight range over the past several days, acting more like a volatile stablecoin than the bullishly…