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Binance Coin price, market cap on Coin360 heatmap

Binance Coin(BNB)

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0.01119715 BTC
Market Cap (Rank#4)
1,745,155 BTC
Vol 24h
5,539 BTC
Circulating Supply
Max Supply
5h ago cryptodaily
Utility Tokens Revolution: Collateral Network (COLT), Quant (QNT), and Binance (BNB) Leading the Charge
The utility token revolution is in full swing, led by trailblazing projects like Collateral Network (COLT), Quant (QNT), and Binance (BNB). As Collateral Network (COLT) enters its presale phase, early investors have a unique opportunity to join this disruptive project, set to reach 3500% gains before the presale ends. Let's examine the innovative features and real-world applications of these tokens. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Binance (BNB) Set to Increase Further Binance Coin, the native cryptocurrency of the Binance ecosystem, has carved out a significant place in the digital currency world due to its multifaceted utility. As one of the world's most renowned cryptocurrency exchanges, Binance offers over 170 coins and tokens for trading, with Binance Coin playing a pivotal role within its ecosystem. Binance Coin offers tangible advantages to its holders, especially for those who frequently use the Binance platform. Primarily, Binance Coin is used to gain fee discounts when using it, but it also acts as fuel for the Binance Launchpad and the Binance Smart Chain (BSC). With so much utility, analysts foresee Binance (BNB) Coin continuing to move higher from the current price of $310 to $680 by the end of 2024 &mdash; not the largest of gains, but it still offers reliable value in the market. For more information on Collateral Network visit the website, join the presale or join the community for regular updates. Find out more about the Collateral Network presale here: Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
6h ago cryptodaily
Sparklo (SPRK) Leads the Race as BNB (BNB) and Tron (TRX) Also See Gains
The crypto market can be complicated especially with the constant swinging price actions. However, amid deep market volatility, Sparklo has maintained steady growth in the industry. This has seen experienced investors cue into the Sparklo project. Meanwhile, the latest price actions of both BNB (BNB) and Tron (TRX) suggest a favorable price action for token owners. unrelenting Sparklo (SPRK) gains more ground In what is now being described by crypto experts as an astronomical growth, Sparklo has continued to gain more ground in the crypto market as the second phase of the project's presale continues. It is not hard to see the reason for Sparklo's growth because the project is geared to become the first blockchain-based investment platform where users can buy, sell or trade timeless assets like Gold, Silver and Platinum. These assets can be traded using fractionalized NFTs as representatives of the assets in the blockchain network. Investors can also purchase and hold the SPRK token at just the price of $0.026 per token. The SPRK token represents a smart buy with potential growth of over 1,000% before the end of the year. Overall, the Sparklo project may very well end up becoming a blue-chip crypto with a significant trajectory for growth. The safety of investors' assets is secured as liquidity will be locked for 100 years. Similarly, Interfi Network has backed the Sparklo project by passing its audit at pre-launch. We believe that Sparklo is a very promising investment opportunity with a high growth potential. As such, we recommend that you check it out. >>>> PURCHASE HERE <<< BNB (BNB) sees a positive price action BNB (BNB) is a crypto token owned by Binance, one of the biggest crypto exchange platforms in the world. BNB (BNB) is experiencing a good run of price action at the moment after adding +2% in the last 24 hours. This leaves the price of BNB (BNB) at $313.51 as at the time of writing. This is coming amidst the upcoming NBX Warsaw submit that will be held in Multikino Zlote Tarasy, which will be discussing the Web3 space. BNB ( BNB) and other top web3 brands will be discussing the current challenges, trends and future opportunities in the Web3 space. Following the recent positive price action of BNB (BNB), analysts are predicting a sustained upward trajectory in the price value of the token. While the BNB (BNB) token is no doubt showing promise, we believe it would be better to look for opportunities with higher growth potential like the Sparklo project. bullish leap for Tron (TRX) in the crypto market Tron (TRX) is an operating system that has its own network and is charged with the aim of helping content creators by rewarding them for their work. Tron (TRX) has recently seen a sharp but positive price action of a +5.17% increase in value within the last 24 hours. This bullish run has lifted the price of Tron (TRX) to $0.078 as at press time. The trading volume of Tron (TRX) also saw a 11.02% increase within the last one day. Analysts are interpreting the current Tron (TRX) price trajectory as a fleeting occurrence that is unlikely to result in a sustained bullish run. In view of this, a more viable investment option like Sparklo is readily available. Find out more about the presale: Buy Presale: Website: Twitter: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
2 days ago cointelegraph
Price analysis 5/26: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins.
2 days ago cryptodaily
Binance Launches NFT Loan Feature
The Binance crypto exchange has started its NFT journey by launching a loan feature, which will allow users to use their NFTs as collateral to borrow cryptocurrency. Borrow Crypto Against NFT The move marks the entry of the world&rsquo;s largest cryptocurrency exchange into the NFT lending space. After launching its NFT marketplace in June 2021, the latest NFT lending feature will give users easy and quick access to funds without having to sell their NFTs, allowing them to borrow cryptocurrencies by just putting their digital assets as collateral. Head of Product at Binance, Mayur Kama, announced the news, saying, &ldquo;Binance NFT is building! We&rsquo;ve added many features that make it a one-stop shop for NFT trading and financial services for our community. We already have low fees and the Binance peace of mind; now NFT Loans will add a new form of liquidity for NFT holders, allowing them to participate in the market without letting go of their precious NFTs.&rdquo; DeFi Benefits For Users The feature will allow users to initially borrow only Ether (ETH) against NFTs that have been marked as &ldquo;blue-chip.&rdquo; These include popular digital asset collections like the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. Collectors with NFTs from any of these collections will be able to put their assets as collateral and borrow ETH. The announcement from the company has claimed that more NFT collections will be added to the &ldquo;blue-chip&rdquo; list, broadening the borrowing opportunities for its users. The feature also allows users to tap into the DeFi-related benefits in the Binance NFT community, as it operates on a &ldquo;Peer to Pool&rdquo; mechanism, where data is sourced from multiple providers, including the oracle service Chainlink and the OpenSea NFT marketplace. The Binance NFT marketplace acts like a loan pool, and the floor price of the collateralized NFTs decides the amount of ETH a user can borrow. No Gas fees One notable advantage of the Binance NFT loan feature is the absence of gas fees or Ethereum transaction fees, making it a cost-effective solution for users seeking liquidity. In addition, the interest rates on NFT loans currently stand at 7.91% per annum, with loan-to-value ratios ranging from 40% to 60%, as stated on the Binance NFT website. Binance's foray into NFT lending further expands its NFT offerings, complementing its NFT marketplace that was introduced in April 2021. Since its launch, Binance has continually added features to enhance user experience, including the recent integration of Ordinals, Bitcoin-based NFTs, alongside existing blockchain support for Ethereum, Polygon, and Binance's native BNB Chain. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago cryptodaily
Multichain Team’s Deafening Silence Sparks Concern Among Users
The silence emanating from Multichain&rsquo;s leadership has amplified rumors, leading to significant unease and uncertainty among protocol users. At present, several of Multichain&rsquo;s cross-chain pathways remain down, leading to a major pile-up of transactions on the protocol. Multichain&rsquo;s Radio Silence The radio silence from the Multichain team has left users searching for answers, with the protocol currently holding $1.5 billion in total value locked (TVL). Multichain face a fifth day of outages and transactions that are in limbo, primarily due to multiple cross-chain pathways that are still offline. These include Polygon zkEVM, Kava, and zkSync. Initially, the team stated that this was caused due to an upgrade that was being patched. However, this explanation was revised, with the cause outlined as an ambiguous explanation of &ldquo;force majeure.&rdquo; The uncertainty and radio silence comes against the backdrop of unverified rumors circulating on Twitter that the protocol&rsquo;s core leadership could possibly be under arrest in China. Co-founder of Multichain, DJ Qian, took to Twitter, stating he had asked Multichain CEO Zhaojun and its founding partner Xu Guochang if they could provide any help or explanation. &ldquo;From yesterday to today, I received a lot of greetings. Many people sent messages asking me if I was okay. Thank you for your concern. Of course, I&rsquo;m fine. At the same time, I also hope that there is nothing serious about multichain. Although I am not ashamed of what Zhaojun did before, after all, I brought Zhaojun and Guochang into the industry. I asked Guochang for some information to see if he could provide technical or other help. Well, the most important thing is the safety of user assets and the safety of people.&rdquo; Leadership Under Arrest? With rumors of the team&rsquo;s arrest circulating on Twitter, Multichain&rsquo;s VP of Strategic Partnerships stated in a Telegram group message that he was not aware if Chinese authorities had actually detained the protocol&rsquo;s leadership. Protocol CEO Zhaojun did not reply to any messages on the group in question nor to direct queries. The project&rsquo;s Discord server and other Telegram groups are dealing with similar uncertainty, with no updates about the project or its future. All community members have been told to wait for any further updates. MULTI Token Plummets With the uncertainty surrounding the project, the protocol&rsquo;s native MULTI token has continued its downward trajectory. With users complaining that their transactions had been stuck since Sunday, the team assured them that their funds were safe and they were working to resolve the issue. David Who, a community manager with Multichain, had given users an update, stating, &ldquo;At this stage, we can&rsquo;t be sure when it will be fully fixed. However, our user&rsquo;s funds are safe, and pending transactions would &ldquo;pass through automatically and instantly&rdquo; after resolution.&rdquo; However, with no resolution, the token&rsquo;s price has continued to drop. Currently, the MULTI token is down over 28% and is trading at $3.80. Other Projects React Several projects have responded to the situation unfolding at Multichain. Coinflux Network became the latest to respond, stating that it had suspended Multichain&rsquo;s co-mint privileges as a precautionary measure. This would prevent Multichain from minting new tokens on the project&rsquo;s blockchain. Furthermore, Coinflux also added that it would work with users to mitigate any losses that may arise. Crypto Investment firm HashKey Group also revealed that it had moved $250,000 from Multichain to Meanwhile, Tron founder Justin Sun also revealed that he had withdrawn 470,000 of the USDD stablecoin from the protocol. Cryptocurrency exchange Binance also swung into action, announcing that it was suspending deposits for 10 bridged tokens following days of transactions being stuck in limbo. This impacted several token pairs, including Polkastarter (POLS), Alpaca Finance (ALPACA), (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER), Harvest Finance (FARM) and DeXe (DEXE). Binance&rsquo;s announcement will impact users of bridged tokens on Ethereum, Avalanche, BNB Smart Chain, and Fantom. Fantom Foundation also moved to limit its exposure, withdrawing $2.4 million in liquidity of the MULTI token on the SushiSwap DEX. Andre Cronje, Fantom Foundation Director, explained that Fantom had to act due to the uncertainty surrounding Multichain and was withdrawing the funds out of caution. Cronje added, &ldquo;No point to LP at times of uncertainty. You can see in the wallet the funds haven&rsquo;t been sold. As soon as Multichain is able to release a statement around this and clear it up, we will LP again.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago nulltx
HedgeUp (HDUP) Presale Raised Over $1.8m, While Solana (SOL) & Binance Coin (BNB) Drop Off
In the constantly evolving world of cryptocurrencies, there is a continuous shift in power dynamics. Coins that were leading yesterday may be overshadowed today by newer, more innovative tokens. This is precisely what we’re witnessing now as the presale of HedgeUp (HDUP) successfully raised over $1.8 million, while established coins like Solana (SOL) and Binance […]
3 days ago cryptopotato
BNB Chain Luban Hardfork Incoming: What You Need to Know
The BNB Chain Luban upgrade is right around the corner. Here's what users can expect from it.
3 days ago coindesk
BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know
Three distinct enhancements aim to make the network faster and more secure.
4 days ago cointelegraph
Price analysis 5/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal.
4 days ago nulltx
Binance Coin Price Analysis & Prediction (May 24th) – BNB Slips Back After Rejection, Can This Support Hold?
Earlier last week, Binance (BNB) bears had a stopover above a crucial level following a consistent roller coaster since late April. It recovered a bit and now resumes selling towards that level. Despite the relative calmness across the crypto space for some days now, the bears are not letting go off the hook as they […]
4 days ago nulltx
LGBTQ Activist and HedgeUp (HDUP) Founder Expects to Overlap Binance Coin(BNB) and Shiba Inu (SHIB) Q4 2023 – Buy Presale Now
As the world of cryptocurrencies continues to evolve, it’s not just about financial markets anymore. The social impact, ideological motivations, and diverse personalities behind these projects are increasingly under the spotlight. One standout figure is the founder of HedgeUp (HDUP), a prominent LGBTQ activist who foresees HedgeUp (HDUP) surpassing Binance Coin (BNB) and Shiba Inu […]
5 days ago cointelegraph
NFT marketplace enables cross-chain purchases on multiple networks
Nonfungible token marketplace NFTrade now supports cross-chain purchases on Ethereum, Polygon, Avalanche and BNB Chain.
6 days ago cointelegraph
Price analysis 5/22: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
Bitcoin’s tight-range trading suggests that traders are content to wait for a catalyst to start the next trending move.
9 days ago cointelegraph
Price analysis 5/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels.
10 days ago cryptodaily
Receive 100% Rewards with DogeMiyagi, Binance Coin and Polkadot!
In the world of cryptocurrencies, staking has emerged as a compelling way to receive more tokens while securing the blockchain network. DogeMiyagi (MIYAGI), Binance Coin (BNB), and Polkadot (DOT) are among the tokens that offer staking programs with enticing benefits. By actively participating in these programs, users have the opportunity to earn commissions on token purchases in MIYAGI, enjoy a 3.5% APY with BNB, and delve into the dynamic Polkadot staking system. These opportunities provide a pathway for users to engage with the crypto ecosystem and capitalize on the potential rewards of staking. The New Presale Meme Coin Fostering Growth Through Referrals! The DogeMiyagi (MIYAGI) team has recently unveiled their plans for an upcoming Token Referral Program&mdash;a new initiative aimed at rewarding community members for their active involvement. This captivating program allows users to connect their wallets and generate unique referral codes, which they can then share with friends, family, and digital acquaintances. By using these codes, individuals can earn a generous 10% commission on every purchase of MIYAGI tokens, effectively acknowledging their contributions. This straightforward opportunity not only allows users to bolster their MIYAGI holdings but also plays a role in driving the overall success of the token's ecosystem. BNB Offers Stakers a 3.5% APY! Supporting the Binance blockchain network with their staked BNB, users not only play a crucial role in fortifying the Proof-of-Stake (PoS) network's security but also enjoy the benefits of a 3.5% APY. By loaning their tokens to the exchange, users enable the network to validate transactions tirelessly, fuel decentralized governance, and enhance overall robustness. In return for their trust, stakers are handsomely rewarded with tokens, serving as an enticing incentive to keep their tokens staked for the long haul. The beauty of staking BNB lies in the myriad variations and possibilities it offers, each presenting a unique twist to this clever game. Discovering the Dynamic Realm of Polkadot Polkadot (DOT), a sophisticated NPoS blockchain, relies on these validators to verify transactions and safeguard its network. With a more distributed and decentralized network, the chances of successful attacks by hackers are greatly reduced! DOT holders have a variety of ways to engage with the Polkadot staking system. Whether you join a nomination pool to share rewards and penalties, become a nominator to handpick reliable validators, or even run your own nomination pool with competent validators, the options are plenty. And if you simply want to stake your cryptocurrency and join in on the action, that's an option too. Staking in the world of cryptocurrencies offers a great opportunity to unlock rewards and enhance holdings. DogeMiyagi, Binance Coin, and Polkadot stand out as tokens that provide enticing staking programs with unique benefits. By actively participating in these programs, users can earn an incredible selection of high-value commissions. These avenues not only allow users to capitalize on the potential rewards but also contribute to the growth and success of the respective ecosystems. For More Information on DogeMiyagi, Click the Links Below! Website: Twitter: Telegram: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
10 days ago cryptodaily
Uniswap Eyes Deployment On Moonbeam Parachain
Premier decentralized exchange platform Uniswap is set to launch on Polkadot's Moonbeam parachain, with the integrations tabled through its decentralized governance platform. Uniswap's plans for a more diversified offering have gained traction with its proposed launch on Moonbeam, Polkadot's parachain. This move, unanimously approved on Uniswap's governance forum, is set to thrust the DEX into a promising decentralized environment that emulates Ethereum's functionality, fostering app portability. Smart contracts for the exchange are already on Moonbeam; only front-end integration and auto router updates are yet to to be implemented. 1/ @Uniswap - the most popular decentralized exchange by daily traded volume - is coming to Polkadot via the @MoonbeamNetwork parachain, increasing volume & liquidity across the ecosystem! &mdash; Polkadot (@Polkadot) May 17, 2023 Moonbeam, concentrating on a developer-friendly atmosphere similar to Ethereum, makes it seamless for developers to move their Ethereum applications over to the Polkadot network, an interconnected web of blockchains referred to as parachains. Polkadot's relay chain ensures that these parachains share security. Uniswap's current emphasis is on managing initial liquidity issues for the new platform. The proposal cautions about temporary liquidity bootstrapping absences due to market instability. As a solution, contributors to the proposed implementation are considering applying for a Moonbeam grant to expedite liquidity provision, implying the funds, if approved, would be governed by Uniswap's decentralized autonomous organization (DAO). Omar Elassar, business development executive at Polkadot developer Parity Technologies, echoed the positive sentiments in an accompanying announcement. Elassar claims that the new integration would enhance the speed and security for Uniswap users: &ldquo;Polkadot is a strong fit for Uniswap, whose users can discover everything the network&rsquo;s parachains offer, such as high performance, scalability, security, and interoperability." Polkadot is composed of intricate network of interconnected blockchain networks or "parachains", offers shared security through the Polkadot relay chain. The Moonbeam parachain, a component of this network, is strategically designed to emulate the Ethereum developer environment. This design seeks to simplify the process for developers looking to transition their Ethereum applications into the Polkadot ecosystem. Uniswap remains as the world's largest decentralized exchange by trading volume, averaging at roughly $550 million in daily movement, according to CoinMarketCap data. Born within the Ethereum network, Uniswap has been consistently extending its reach into other networks. A testament to this drive includes the launch of a BNB Chain version and its a deployment to Polygon zkEVm. Uniswap also has an iOS app version, which was met with some restriction by Apple. The news of this integration also coincides with a related proposal on Uniswap's governance forum, where contributors she256, Michigan Blockchain, and GFX Labs proposed a Uniswap V3 integration with Coinbase's Layer 2 blockchain infrastructure, Base. This is still subject to an on-chain governance vote, but will eventually be considered if it receives enough approval. If approved, GFX Labs manage the contracts' technical implementation on Base, following the proposal's approval. Base's potential benefits are already drawing interest from key players like Uniswap's founder Hayden Adams, who has expressed anticipation for deploying the DEX on the network via the native canonical bridge, supervised by Base's core developers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10 days ago cryptodaily
LayerZero and Immunefi Unveil $15m Bug Bounty
LayerZero Labs and Immunefi have announced their collaboration to launch an unprecedented $15 million bug bounty program. The initiative sets a new benchmark in the crypto industry, surpassing the previous record holder, MakerDAO&rsquo;s $10 million bug bounty. LayerZero Labs, renowned for its omnichain interoperability protocol LayerZero, and Immunefi, a leader in bug bounty and security services, have partnered to stimulate the work of smart contract information security researchers and white hat hackers in identifying potential vulnerabilities and attack vectors on blockchain protocols such as LayerZero. The sheer size of this bounty sets it apart from LayerZero&rsquo;s previous initiatives and underlines its prioritization of smart contract security. The reward fund is earmarked to come from the equity entity of LayerZero Labs. LayerZero's CEO, Bryan Pellegrino, emphasized the commitment to security over all other facets: &ldquo;The security of [a] protocol comes before anything else.&rdquo; Immunefi, on the other hand, is no stranger to the security challenges of the crypto sector. Providing security services for over $60 billion in user funds across a wide range of crypto-based projects and blockchain firms such as SushiSwap, Optimism, Polygon, Synthetix, and Chainlink, among others, Immunefi has paid out over $75 million in bug bounties to date. LayerZero's recent $120 million Series B funding round has catapulted its valuation to $3 billion. Its distinctive messaging protocol allows for various types of message exchanges between blockchains, eliminating the need for intermediaries. LayerZero currently connects over 30 mainnet blockchains, including two non-Ethereum Virtual Machines (EVMs) and Aptos. However, the crypto world hasn't been without its fair share of financial damages of late. According to Immunefi&rsquo;s Crypto Losses 2022 report, over $3.9 billion was "lost" last year. Notably, this represents a 51.2% reduction compared to 2021's loss figures. Specifically, $3.77 billion of the 2022 losses resulted from 134 hacking incidents, and fraud accounted for another $175 million lost over 34 incidents. LayerZero, launched in March 2022, has seen a transaction volume exceeding $15 billion within its first 14 months. Demonstrating its stringent adherence to security measures, LayerZero has not experienced a security exploit or hack since inception. Last year, the blockchain infrastructure firm invested around $5 million in auditing to ensure the security of its code before its release to the public. While the overall crypto market has seen fewer losses recently, the actual amounts involved are still substantial. For instance, in March, a massive $200 million was pilfered from the crypto lending platform, Euler Finance. This exploit, albeit substantial, only ranks among the top 20 in recent crypto history. Security stands as a paramount concern for anyone involved in the crypto space. As Pellegrino asserts: &ldquo;For anyone building in the space, security should be the priority above all else. If you don&rsquo;t have good security, eventually you will be hacked.&rdquo; The bug bounty program offers a substantial maximum reward of $15 million for the discovery of a high-severity vulnerability. The precise payout is determined based on the Immunefi Vulnerability Severity Classification System, which assesses the impact of the identified vulnerability. Bug reports submitted to the program need to include a viable proof-of-concept (PoC) that demonstrates a tangible impact on the scoped assets. The terms explicitly state that theoretical explanations or statements alone cannot be accepted as PoCs &ndash; concrete code is required. The program outlines that critical smart contract vulnerabilities found on major blockchains and Layer 2 protocols such as Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and Fantom may garner a reward of either $250,000 or 10% of the endangered asset's value at the time of reporting, whichever is higher. For all other chains, the payout for critical vulnerabilities starts at $25,000. Rewards for non-critical vulnerabilities are evaluated based on internal criteria. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11 days ago cointelegraph
Price analysis 5/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are selling-off on rallies, proof that investor sentiment remains negative in the short-term.
11 days ago nulltx
Binance Coin Price Analysis & Prediction (May 17th) – BNB Bounces Off a Triangle’s Boundary Again, Can It Hold Well This Time?
Binance (BNB) recently reached a rallying point after witnessing a lot of drawdowns this week. It recovered a bit above $300 and returned 1.4% profit in the past hours. After painting a lot of reds in the past few days, the last 24 hours of buying increased the price of Binance Coin which just found […]
12 days ago cryptodaily
Tenet and Ankr Partner to Bring Liquid Staking Derivatives (LSDs) to More Blockchains
Mahe, Seychelles, May 16th, 2023, ChainwireTenet, the first layer-1 blockchain to create a DeFi Ecosystem for Liquid Staking Derivatives (LSDs), has joined forces with Ankr, a leading blockchain infrastructure provider, to increase adoption of LSDs across all blockchains, including those where liquid staking derivatives are currently not available yet.As part of the partnership, Tenet will have discounted pricing on Ankr&rsquo;s LSD integration services, which allows Proof of Stake Blockchain&rsquo;s to easily set up liquid staking for their assets with Ankr. In addition, Tenet will help cover some of the integration costs for its partners in exchange for the new Blockchain&rsquo;s committing a certain amount of LSD assets to Tenet&rsquo;s network.Proof of Stake networks today dominate the blockchain landscape, with the vast majority of alternative layer-one chains and application specific blockchains (&ldquo;appchains&rdquo;) each having their own staking token. Staking is key in securing the network to protect from economic attacks, which means that DeFi use cases that generate alternate sources of yield will potentially reduce the security of the network. By adopting liquid staking derivatives, which allow using staked assets in DeFi, the conundrum is effectively solved &mdash; increasing the security of the network as it scales.Most LSD liquidity today comes from Lido, which means that smaller blockchains may need to wait some time before they see their chain integrated. Ankr, on the other hand, has created a white-label system that allows any project to quickly set up their own LSD.By working with Tenet, projects will benefit from both the cheaper LSD integration services, as well as the Tenet layer-1 LSD ecosystem, which allows users to earn maximum yield on their assets by supplying them to various DeFi protocols on its network. In exchange, Tenet partners will need to commit a certain amount of LSD total value locked to Tenet Validators, which boosts its security model.Tenet has a unique model called Diversified Proof of Stake (DiPoS), which supports staking with any LSD asset from other chains, such as ETH, BNB, ATOM, SOL and ADA. This allows Tenet to be partially secured by all its supported networks, dramatically improving security compared to standard single-token Proof of Stake."We're on a mission to bring LSDs to all the top Layer-1 blockchains and make Tenet the defacto place for them to safely earn yield and utility," said Greg Gopman, CEO of Tenet and former CMO of Ankr. &ldquo;During my time at Ankr, I was inspired by all the amazing LSD products the company launched, but disappointed by their ultimate lack of use. With Tenet, we aim to change this.&rdquo;As part of the deal, Tenet will commit to using Ankr for its RPC services, as well as other integrations that make sense for the network&rsquo;s infrastructure. The two companies will also put together a Liquid Staking Conference (side event) at EthCC in Paris, in July 2023.Tenet is currently live on testnet and will launch Mainnet and its token generation event on May 25.About TenetTenet is a DeFi-focused Layer-1 ecosystem, providing liquidity and yield opportunities for liquid staking derivatives (LSDs). Co-founded by Greg Gopman, former CMO of Ankr, and Dan Peterson, former head of revenue operations at Blockdaemon, Tenet aims to unlock the potential of the rapidly growing LSD market, which is currently valued at over $17 billion. Tenet takes a unique approach by sharing security through Diversified Proof of Stake, which allows LSDs to stake to its network and earn yield on their liquid staking assets and participate in the platform's governance.About AnkrAnkr is an all-in-one portal built to support the growth of Web3. They provide multi-chain API connections, dApp development tools, and crypto staking solutions with a global node infrastructure powering it all over 30+ blockchains. As the pioneer of liquid staking, Ankr creates next-generation solutions for supporting validation on several proof-of-stake chains with an industry-leading node delegation system and security. With a Total Value Locked of over $500M, Ankr is the 3rd largest Ethereum staker and go-to staking infrastructure provider for ecosystems like the BNB Smart Chain, Polygon, and [email protected]
13 days ago cryptodaily
The May Investment Trifecta: Big Eyes Coin, Binance Coin, and Litecoin are Crypto Picks for the Month
Meme coin, stablecoin, or altcoin, which one is the right pick? This is the question that every crypto enthusiast and investor has when it comes to cryptocurrency, and luckily for you, this article has the insight you are looking for. The three hot picks in terms of investment opportunities for today based on trending news are as follows. Your recommended picks for May include Big Eyes Coin (BIG), Binance Coin (BNB), and Chainlink (LINK). Big Eyes Coin: Presale Blowout! Big Eyes Coin will be ending its presale on June 3rd, and to end things in the best way possible, investors can apply code END300 during checkout, which will grant users an additional 300% of the meme coin. BIG is a cat-themed meme coin with the biggest eyes you ever saw. Don&rsquo;t worry, and it&rsquo;s not the big bad wolf from &ldquo;Little Red Riding Hood&rdquo;. Instead, the feline possesses BIG blue eyes similar to Tweety Bird but even cuter. BIG has secured over $35 million during the 13 stages of presale and has been certified and audited by CoinSniper. The Know Your Coin (KYC) certification from CoinSniper adds an extra layer of protection to safeguard against fraud and scams and is a welcomed certification. BIG has developed a large community following and will be contributing 5% towards ocean-based charities. The Large community also helps ensure the token&rsquo;s success and is now a requirement, as seen by Dogecoin&rsquo;s success. Doge is the current king of the meme coin. However, BIG is a worthy queen to overthrow the king and usher in a new era of profitability. Bitcoin and Ethereum Fall While Binance Coin Shines The headline from Yahoo Finance is that Bitcoin (BTC) dropped in value by 2.2% and Ethereum (ETH) by 2.83%. The biggest loser of the day was Solana (SOL), which fell by 4.72%, followed by Litecoin (LTC), which dropped by 3.42% in the last 24 hours. The only resilient stable coin was the Binance Coin which gained 3.71%, increasing its value to $333 and gaining 1.39% over the week. The reason behind the strength of the BNB is introducing the SUI blockchain token to its launch pool. Users can now stake their BNB and TrueUSD (TUSD) to farm SUI. BNB is currently trading at $324.26 and has seen a 3% drop in the last 24 hours; however, it has gained 2.8 in the previous 30 days. The decline witnessed in the crypto market concerns the unclear rules and regulations regarding crypto. Chainlink To Ride the Bull Chainlink has been favoured and is predicted to go on a bull run due to its recent ecosystem expansion. Chainlink shared the news of the ten integrations via Twitter, featuring three services across five unique blockchain protocols. The integration included Ethereum, Avalanche, Polygon, Solan, and BNB blockchains. Chainlink is a must-watch oracle power Web 2.0 ecosystem that has secured $7 million in Total Vale Enabled (TVW). Chainlink is known for its lower volatility and is trading at $6.93, with a 1.1% decline in the last 34 hours. Based on its stability and network growth, the token is at a 30-day low of -8.3% and is expected to take off for a bull run. Picking the right cryptocurrency to invest in can be daunting, but with the right information, investors can make informed decisions. Based on the trending news, the recommended picks for May are Big Eyes Coin (BIG), Binance Coin (BNB), and Chainlink (LINK). Use Promo Code &lsquo;END300&rsquo; during checking for 300% Bonus Presale: Website: Telegram: Opensea: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days ago coindesk
Weekly DEX Volume on BNB Chain Hits Highest in a Year
Lower fees and Binance’s popularity are among the reasons noted by market analysts.
13 days ago cointelegraph
Price analysis 5/15: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
The debt ceiling talks remain in focus and are likely to dictate the price action in the S&P 500, DXY and cryptocurrency markets in the near term.
14 days ago cryptodaily
Exciting Future For Big Eyes Coin As Its Presale Nears An Enthralling Finish
The big development in cryptocurrency in 2023 seems increasingly likely to be the trajectory of Big Eyes Coin (BIG). As it closes out an impressive presale with one final special offer for investors not wanting to miss out, it&rsquo;s outlined a six-month roadmap charting its course to the crypto stars as it looks to become the biggest meme coin of them all. In this article, we will look at all the reasons to be excited about Big Eyes Coin and also discuss how it compares to Floki Inu (FLOKI) and ApeCoin (APE). Big Eyes Coin&rsquo;s Six-Month Roadmap Gives a Lot to be Excited About Big Eyes Coin is making waves in the crypto world as it approaches the conclusion of its presale on June 3rd. The cat-themed meme coin has already generated an impressive $35 million in sales, leaving its rivals in awe. Offering a generous 300% bonus on all purchases with the code END300 until the end of its presale, Big Eyes Coin has utilised innovative methods to create and develop a strong community of investors. The coin's success is due in part to its savvy use of social media, which has helped foster an inclusive atmosphere and promote its presale. Big Eyes Coin has employed a variety of strategies to boost earnings, such as offering loot boxes and time-limited bonus deals with bonus codes. Looking ahead, Big Eyes Coin has already outlined its plans for the future with a six&ndash;month roadmap to becoming a major force in the meme coin market, allowing it to challenge bigger and more established coins. To kick things off, the coin will be listed on Uniswap's (UNI) DEX on June 15th, with a potential CEX launch on Binance BNB (BNB) also in the works. Over the next half-year, Big Eyes Coin has plans to list on several other exchanges including, Bitget, BKEX, LBank, Deepcoin, and more. These listings will provide greater accessibility and exposure to the coin, attracting new investors and bolstering its position in the market. By pursuing a multi-pronged approach to listing, Big Eyes Coin is positioning itself for long-term success in the meme coin market. The coin's development team is confident that these strategic moves will allow it to compete with other popular meme coins and capture a significant share of the market. As part of its roadmap, on August 29th, it will launch its Big Casino, a gaming platform where users can win using BIG tokens. This exciting development is expected to further fuel demand for the coin, which is already being touted as a potential market leader once it goes live. As a young project with impressive presale numbers, Big Eyes Coin is poised to make a big impact in the world of meme coins. Its unique approach to community building and innovative use of social media makes it a compelling choice for investors looking to capitalise on the latest fintech trends. How Will It Compare to ApeCoin? ApeCoin is a decentralised cryptocurrency that aims to provide a safe and secure platform for its users and has implemented several features whilst operating on the Ethereum network. Its community is known for being very active and supportive with its team providing regular updates and engaging with its users. ApeCoin&rsquo;s ecosystem is widely regarded; its NFTs have been very successful and it has a reward system that innovatively encourages users to hold their tokens which can fuel demand for the APE currency. Floki Inu is Powered by Its Incredible Community If there is a coin that BIG can learn from it&rsquo;s Floki Inu. As a fellow community-driven meme coin, it&rsquo;s grown in popularity recently. It operates on the Ethereum network and has a fascinating ecosystem that includes a diverse range of fascinating features. The ecosystem comprises its Valhalla Play 2 Earn metaverse, its hub for DeFi projects known as FlokiFi, an NFT and merchandise marketplace called Flokiplaces. In addition, it includes its University of Floki which offers a richly detailed crypto education platform. There is reportedly a total circulation of 8.9 trillion FLOKI tokens with a maximum supply of 20 trillion and a market capitalization of $335 million. At the forefront of Floki Inu&rsquo;s sharp ascent is its ardent community known as the Floki Vikings. For more information on Big Eyes Coin (BIG), please see below: Presale: Website: Telegram: OpenSea: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Binance Coin?

The live price of Binance Coin (BNB) today is 315.411 USD, and with the current circulating supply of Binance Coin at 155,857,114.04 BNB, its market capitalization stands at 49,159,071,767 USD. In the last 24 hours BNB price has moved 6.3037 USD or 0.02% while 148,556,578 USD worth of BNB has been traded on various exchanges. The current valuation of BNB puts it at #4 in cryptocurrency rankings based on market capitalization.

Learn more about the Binance Coin blockchain network and how it works or follow the price of its native cryptocurrency BNB and the broader market with our unique COIN360 cryptocurrency heatmap.

Short for ‘Build and Build’, BNB, formerly known as Binance Coin, is the native cryptocurrency of the Binance ecosystem. Launched in mid-2017 through an ICO (Initial Coin Offering) valuing each token at $0.15, BNB was used to raise funds for the marketing and development of the Binance cryptocurrency exchange. Today, Binance Coin (now BNB) facilitates discounted crypto trading on Binance alongside giving holders access to the exchange's launchpad and various other products and services. Whilst Binance Coins were initially released as ERC-20 tokens on the Ethereum blockchain, they were swapped in 2019 to BNB coins on the Binance Chain, which has since merged with the Binance Smart Chain (BSC) to form the BNB Chain.

Founded by Chanpeng Zhao — popularly known as CZ — and Ye Hi, Binance is one of the largest crypto exchanges in the world in terms of daily trading volume. Powering this exchange is an entire ecosystem of offerings such as margin trading, P2P trading, swap farming, crypto derivatives trading, Binance Launchpad, Binance DEX, staking services, liquidity farming, NFT marketplace, and crypto loans. The BNB coin is at the heart of this ecosystem and BNB price has followed the exchange's growth.

BNB price

With Binance’s rapid rise in the crypto industry, its native coin BNB has also witnessed significant value appreciation over the years. However, the increase in BNB USD price was slow in the start, where it remained well under $50 between 2017 and early 2021. Even during the market-wide crypto bull run of 2017-18, BNB's all-time high price was only $24.71 (in January 2018).

However, in the month of May 2021, the entire crypto market witnessed a major uptrend, with many cryptocurrencies registering new all-time highs. Consequently, BNB price rallied from under-$50 to an all-time high of $690.93 on May 10, 2021 (an increase of 460520% from the BNB ICO price). Moreover, BNB’s fully diluted valuation at the time stood at over $100 billion.

How BNB works

BNB can be freely sent between crypto wallets and used as a payment method. Besides powering the Binance ecosystem, BNB is also actively used for payments on various third-party platforms in the travel, entertainment, finance, and services sector. 

The Binance ecosystem comprises two blockchains – BNB Beacon Chain and BNB Smart Chain (BSC) – now recognized as one single entity, the BNB Chain. 

Whilst the BNB Beacon Chain uses the Tendermint Byzantine-Fault-Tolerant (BFT) consensus mechanism, the BNB Smart Chain employs the Delegated Proof of Staked Authority (PoSA) consensus mechanism. The former enables Binance to be 100% involved in the BNB Chain governance, and the latter opens up the network to other validators. 

According to Binance, its network processes over 1,400,000 transactions per second, with a transaction fee of less than 0.10%. That said, Binance continues to control the BSC blockchain by vetting the block validators that it brings on board. This has also attracted criticism with respect to the lack of decentralization.

BNB news, updates and highlights

BNB price is, to a large extent, directly co-related to positive developments in the Binance ecosystem. For example, the value of BNB goes up when news of Binance's expansion plans comes to the fore.

The BNB burn is also a major driver of Binance Coin's price. Recently, in January 2022, Binance completed its 18th token burn, removing 1.68 million BNB coins from the circulating supply — worth roughly $795 million. BNB follows a deflationary mechanism per which a certain number of coins are burnt every quarter to eventually destroy 100 million BNB over a period of time. 

In February 2022, Binance’s two main blockchains were grouped together and called the BNB Chain. With this step, Binance aims to implement the MetaFi concept and build infrastructure that will power the growing new niche of metaverse finance.

Frequently asked questions about BNB

  • Can you mine or stake BNB?

You cannot mine BNB as it is pre-mined, but you can stake your BNB holdings to earn staking rewards.

  • What are some of the best BNB wallets?

Some of the best BNB wallets include MetaMask, Ledger Nano S, Trust Wallet, Guarda Wallet, Coinomi Wallet and Atomic Wallet.

  • What can you do with BNB?

If you have BNB coins, you can use them in multiple ways, both within and outside the Binance ecosystem. You can use BNB within Binance to pay a reduced transaction fee on Binance Exchange, access exclusive token sales on Binance Launchpad, stake BNB and spend BNB worldwide through Binance Visa Card. 

Outside Binance, BNB can be used on multiple third-party platforms.

  • How to buy BNB?

You can buy BNB from any well-known exchange platforms like HitBTC, eToro, MEXC, and Nexo. Look out for commonly used trading pairs like BNB/USDT, BNB/BTC, BNB/ETH, BNB/EUR, BNB/USD, or BNB/GBP to execute the exchange.

Binance Coin Price315.411 USD
Market Rank#4
Market Cap49,159,071,767 USD
24h Volume156,028,705 USD
Circulating Supply155,857,114.04 BNB
Max Supply200,000,000 BNB
Yesterday's Market Cap49,019,299,051.09 USD
Yesterday's Open / Close308.211 USD / 314.514 USD
Yesterday's High / Low314.717 USD / 307.615 USD
Yesterday's Change
0.02% ( 6.3037 USD )
Yesterday's Volume148,556,577.55 USD
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