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Binance Coin price, market cap on Coin360 heatmap

Binance Coin(BNB)

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$288.42
(-2.39%)
0.01698500 BTC
Market Cap (Rank#4)
$46,138,404,274
2,717,081 BTC
Vol 24h
$278,467,611
16,399 BTC
Circulating Supply
159,969,445.36
Max Supply
200,000,000
13h agocointelegraph
Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.
1 day agocryptodaily
Crypto Weekly Roundup: BlockFi Goes Bankrupt And More
President Vladimir Putin and the Russian central bank are discovering the many benefits of cryptocurrency and blockchain-based payment systems in light of the many sanctions weighing down the country’s economy. Let’s find out more. Bitcoin The European Central Bank (ECB) published a report criticizing Bitcoin and stating that it was n the road to irrelevance. Binance transferred $2 billion worth of BTC as a part of its proof-of-reserve audit, causing panic that it was the next exchange to go the FTX route. Ethereum Russian banking giant Sber, formerly Sberbank, has announced that it is integrating MetaMask and Ethereum on its proprietary blockchain. The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance and refused to acknowledge Ethereum as a commodity. DeFi BNB-based DeFi protocol, Ankr has confirmed that hackers exploited an unlimited minting bug, resulting in losses worth millions of dollars. MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. Altcoins Apecoin staking website Apestake.io has added the United States to its list of geoblocked locations. Users from the U.S. will not be able to access the platform directly. Technology Messaging app Telegram has announced plans to build a decentralized exchange and non-custodial wallets in the wake of the FTX collapse. Russia’s President Vladimir Putin has criticized the number of sanctions imposed upon the country by the west and has called for a global payment system independent from external interference. Business Ex-CEO Sam Bankman-Fried has given the odd interview post the FTX crash, in which he has always maintained that he didn’t set out to commit fraud. The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30% of its staff, which is approximately 1100 employees. California-based cryptocurrency exchange Bitfront has announced that it will close for business and will focus instead on the LINE blockchain ecosystem. Binance has again opened up the Japanese market to its services by acquiring Sakura Exchange BitCoin (SEBC). Billionaire crypto entrepreneur Tiantian Kullander died in his sleep Sunday at the age of 30. The company he co-founded was reportedly raising around US$100 million. Beleaguered cryptocurrency exchange FTX and affiliated companies have announced the resumption of employee salary payments and benefits after weeks of uncertainty. Crypto lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. Regulation A leaked EU proposal to restrict privacy-enhancing coins could be a serious worry for this crypto niche. Brazil’s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. The Texas Securities Board has summoned Sam Bankman-Fried to a hearing to investigate whether FTX and Sam Bankman-Fried violated any Texas securities laws. NFT Uniswap finally launched its NFT aggregator platform, where users will be able to conduct NFT trading from across multiple marketplaces. Coinbase pointed fingers at Apple, claiming its app store policies forced the crypto firm to remove NFT transfers from the Wallet app on iOS. Web3 Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Cybersecurity company Kaspersky recently published a report which indicated that cyberattacks could increase on the metaverse in 2023. 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 agocryptodaily
Flasko (FLSK) To Be A Strong Competitor To Huobi Token (HT) And The Sandbox (SAND
Investors are searching for profitable investment opportunities due to the unfavorable economic climate that caused the FTX and BlockFi collapse. Nearly all coins have been impacted by this downward trend, with some falling and losing 90% of their value. It's hard to locate a currency that the industry's total downswing hasn't influenced. The Huobi Token (HT) and The Sandbox (SAND), two well-known coins, are not immune to this sudden price drop. Despite the unfavorable market, coins with solid foundations, like Flasko, are ready to outperform other currencies. Huobi Token (HT) Not A Viable Long-Term Investment The Huobi Token (HT) offers a few particular advantages to Huobi users, but its primary purpose is to maintain the efficiency of Huobi's exchange. The Huobi Token (HT) is used as a tool to take on Binance and its native BNB cryptocurrency. In the last seven days, Huobi Token (HT) saw a rise of 31% because Huobi partnered with Dominica to help launch its national token, DMC. Nevertheless, an investment in Huobi Token (HT) is not a good idea since it went down 5% on the last day alone. Investing in projects with more room for growth is the way to go. The Sandbox (SAND) With More Price Drops To Come Last year, the Metaverse coin The Sandbox (SAND) came on the scene with a bang. The hype surrounding The Sandbox (SAND) helped it reach its peak of $8.44, but it has all been downhill since then. It is currently down 93% from that point while trading at $0.5881. And with the recent 35% drop in just one month, we can see that The Sandbox (SAND) bearish trend continues. Experts predict that this price will continue to sink, and The Sandbox (SAND) holders are migrating to better projects with upside. Flasko (FLSK) Has Actual Use Cases Compared To HT And SAND As seasoned investors know, finding projects with unique ideas and real-world applications is the fastest method to progress in cryptocurrencies. And that is why Flasko is a better investment than Huobi Token (HT) and The Sandbox (SAND). Flasko will introduce the first and best alternative-investment platform that will combine the cryptocurrency sector and the trillion-dollar appreciating wine, whiskey, and champagne industry. This rising industry provides investors with 28% yearly returns; thus, tapping into it is bound to yield profits! On the Flasko platform, fractionalized NFTs backed by real-world asset will be made available for buying and selling. Flasko will partner with up-and-coming premium beverage start-ups to give them a platform to market their products and reach a new audience. For users who invest a tremendous amount, Flasko will provide three VIP tiers or Clubs, as they call them: Wine, Whiskey, and Champagne. These come with many perks and benefits! There has never been a better time to invest in Flasko and benefit from its distinctive value offer than now when tokens are available for only $0.085 each. And with the price predicted to surge 4,000% in 2023, we recommend checking Flasko out! Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io 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.
3 days agocointelegraph
Ankr says no one should trade aBNBc, only LPs 'caught off guard' will be compensated
The company stated it would be discontinuing aBNBc and aBNBb tokens "effective immediately," and that "new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users."
3 days agocointelegraph
Price analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain.
3 days agocryptosrus
BNB and its staking derivatives suffer huge dump following the Ankr exploit
Ankr suffered an exploit that led to the minting of a huge number of aBNBc tokens This exploit led traders to significantly distribute aBNBc and other staking derivatives of BNB coin In the early trading hours of 2 December, DeFi protocol Ankr suffered an exploit that led to an excessive minting of the aBNBc […] The post BNB and its staking derivatives suffer huge dump following the Ankr exploit appeared first on CryptosRus.
3 days agocryptodaily
10x Possible In A Bear Market? Check Out Hedera (HBAR) and Plona (PLON)
A bear market is an uncertain time for everyone in the crypto space. Nobody can accurately predict when a red market will end or how long major coins will take to bounce back. However, some coins rack up solid gains in a bear market, giving investors some compensation for their heavy losses. Two such coins are Hedera (HBAR) and Plona (PLON). Hedera is a decentralised network that claims to be 10x faster than other blockchain alternatives. It saves the planet with a negative carbon footprint and has affordable gas fees. Hedera’s (HBAR) price action was over 10% gains in 7 days at the time of writing, while Bitcoin(BTC) is still at a loss. In fact, Hedera (HBAR) could be considered bullish at this point after being relatively stable throughout most of September. Considering this coin’s influential governing council and distinct utility, it can go much higher even in a bear market. But Plona (PLON) seems like a token with a greater potential to outdo strong coins like Hedera (HBAR). Plona (PLON) is one coin that could explode and supersede current market conditions. An ERC-20 token on the Ethereum blockchain changes how people will own luxury cars starting now. Why wait to save up for years when you can hold part of a luxury car as an NFT? Plona(PLON) makes this possible through its native token, PLON. When more people realise this coin's utility, they will want to get a piece of the action, which could lead to a price surge as it appreciates in value. Another reason a token like Plona (PLON) is poised to do well in a bear market is its deflationary model. A deflationary model means the token’s supply is reduced through burning, which helps the price increase. Here, the token will be burnt with every order on it. Binance Coin (BNB) is another deflationary coin. Its price has grown since its launch, partially due to this model. The final and probably the best reason Plona (PLON) could do 10x or even 20x in this market is that it is currently on presale. Any solid crypto investor knows presale coins are usually the juiciest because they are just launching. You can join the Plona (PLON) presale party today and buy into this token before its price shoots up astronomically. Today, it is not even up to a dollar. Who knows what its price will be in a few months? You want to be on the winning team when the coin finally starts to pay off. Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken 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.
3 days agocoindesk
How Attackers Made $15M From Staking Platform Helio After Ankr Exploit
A delay in updating price data on BNB-related derivative tokens allowed some exploiters to piggyback off a previous attack.
3 days agocointelegraph
Trader allegedly saw over 5000x gains after Ankr protocol hack
Ankr protocol announced that it will be reissuing aBNBc tokens, promising that it will assess the situation and compensate affected users.
4 days agocryptodaily
DeFi Protocol Ankr Hit By Multi-Million Dollar Exploit
With the crypto industry’s focus on the FTX fiasco, DeFi hackers have been making merry, hitting Ankr, and as per information available, stealing $5 million. Hackers were able to exploit an unlimited minting bug. The DeFi protocol stated it is working with exchanges to mitigate the hack’s impact. Ankr Falls Victim To Exploit Ankr, a BNB Chain-based decentralized finance (DeFi) protocol, has confirmed that it has fallen victim to a multi-million dollar exploit. The attack occurred on the 1st of December and was discovered by on-chain security analyst PeckShield on the 2nd of December. Ankr confirmed the developments shortly after, stating on Twitter that hackers had managed to exploit the aBNB token. They also announced that they were working with exchanges to halt trading of the token in question. “Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.” Details Of The Hack According to the available details, the hacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc) thanks to a vulnerability in the smart contract for the token. “Our analysis shows the $aBNBc token contract has an unlimited mint bug. Specifically, while mint() is protected with onlyMinter modifier, there is another function (w/ 0x3b3a5522 func. signature) that completely bypasses the caller verification to have arbitrary mint !!!” PeckShield reported that the hacker had transferred around 900 BNB, worth around $253,000 into Tornado Cash. Additionally, the exploiter also bridged USDC and ETH to the Ethereum blockchain. According to PeckShield, the hacker holds 3000 ETH and around 500,000 USDC. The 20 trillion aBNBc tokens held by the attacker make them the 13th largest holder of the token. The aBNBc token is the reward-bearing token for BNB tokens staked on the Ankr platform. Vulnerabilities In The Smart Contract Code Blockchain security firm Beosin confirmed the source of the exploit, stating that it was likely due to vulnerabilities in the smart contract code, along with compromised private keys. According to Beosin, these vulnerabilities could have emerged from a technical upgrade carried out by Ankr. “@ankr has been exploited. $aBNBc has dropped -99.5%. The hacker minted tons of $aBNBc and made a profit of 5,500 BNB (~$1.6 million). The deployer changed the implementation contract to the vulnerable contract address before the attack (possibly due to private key compromise).” A spokesperson for the security firm stated, “It is possible that the deployer’s private key was exposed in this upgrade, leading to an attacker using deployer privileges to modify the contract.” Binance Investigating The Exploit Binance, in a post on the 2nd of December, confirmed that its team was engaged with Ankr and other related parties and was investigating the matter further. It also added that no Binance user funds were at risk. “We are aware of the attack targeting @ankr’s aBNBc token. Our team is engaged with the relevant parties and @BNBCHAIN to investigate further. This is not an attack against #Binance, and your funds are SAFU on our exchange. This thread will be updated should there be any updates.” ANKR And BNB Price Drops As a result of the developments, both ANKR and BNB saw a considerable drop in price. At the time the news of the exploit broke, the ANKR token dropped around 6.6%, falling to $0.0211. However, it has since recovered and is currently trading at $0.0216. The token is already over 90% down from its all-time high of $0.213. The BNB token also dropped, falling by 3.1%. However, this decline was attributed to a wider decline in the crypto markets. DeFi hacks had shot up drastically over the past couple of months, with October becoming the worst month in DeFi history. Several DeFi protocols, such as the Ethereum Alarm Clock Service, Polygon’s QuickSwap, Mango Markets, and others, fell victim to exploits. 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.
4 days agocoindesk
DeFi Protocol Ankr Exploited for Over $5M
The attacker was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC
4 days agocointelegraph
Ankr confirms exploit, asks for immediate trading halt
The decentralized-finance protocol said it is already working with exchanges to immediately halt trading of aBNBc.
4 days agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
5 days agocointelegraph
Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?
6 days agocryptopotato
BNB Chain NFT Support Added to OpenSea
OpenSea is bringing NFT support to BNB Chain, which has historically had little volume in the sector versus other chains.
6 days agocoindesk
OpenSea Adds Support for BNB Chain NFTs
BNB Chain, one of the world's most actively used blockchains by daily active users, will allow sales of its NFTs on OpenSea beginning in Q4 2022.
6 days agocointelegraph
OpenSea Seaport Protocol onboards creators and NFT holders on BNB Chain
BNB Chain’s integration into the Seaport Protocol aims to provide BNB Chain creators with multiple creator payouts, real-time payouts and collection management.
6 days agocryptodaily
Binance’s $2B BTC Outflow Triggers Alarm Bells
The $2 billion of Bitcoin funds moved by Binance was a part of a proof-of-reserve audit conducted by the crypto exchange. FUD Spikes With BTC Outflow A significant outflow of crypto funds from the Binance exchange was reported on Twitter on Monday. The account called Whale Alerts reported that 127,351 BTCs were pulled out of the exchange in a single transaction and deposited in an anonymous wallet address. The value of the funds moved amounts to just over $2 billion. Understandably, this triggered community-wide fear and panic as everybody jumped to the conclusion that Binance was either hacked or was on the verge of shutting down. As a result, the market catapulted, with a sharp drop of 5% of the BNB token. CZ Explains Funds Transfer However, Binance CEO Changpeng Zhao (CZ) tweeted out a clarification that the funds moved were part of Binance’s proof-of-reserve audit. He claimed that the auditor needed to receive a certain amount of BTC to demonstrate how the Binance wallets were controlled. CZ tweeted, “This is part of the Proof-of-Reserve Audit. The auditor require us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a Change Address, which is a new address. In this case, the Input tx is big, and so is the Change. Ignore FUD!” FUD refers to Fear, Uncertainty, and Doubt, a phenomenon that has increased, especially in the 2022 crypto market, due to the many hits taken by the industry. CZ’s comments cleared up the confusion faced by the community and put a pause on the steeply dropping value of the Binance Coin. CZ Under Fire? However, CZ’s explanation of a PoR audit shines a spotlight on another rather contrasting comment he made on the subject just a few weeks ago.On November 13, he tweeted, “If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away.” He has claimed that the audit required funds to be transferred to demonstrate that it did not affect the operability of the exchange and has appealed to the masses to not buy into the FUD. However, his previous tweet contradicts his statement. Naturally, even VC-level investors are not convinced by the explanation and are seeking further details. One such example is VC investor and billion-dollar equities fund manager, Mira Christanto, who claimed that the methodology used by most auditors does not include making any kind of transaction on the network. CZ has also been criticized by former Kraken CEO Jesse Powell, who said that the exchange had failed to implement proper external audits and include liabilities in its Proof-of-Reserve reports. 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.
7 days agonulltx
Bitcoin Price Analysis & Prediction (Nov 29th) – BTC Remains Calm, Trading Flat for Next Shockwave
While Litecoin, Binance coin, Dogecoin, and other top coins have jumped to a new weekly high, Bitcoin has remained calm as the price continues to trade flat. The continuous drop in its dominance has transitional enhanced volatility flow into altcoins. This week, Bitcoin quickly recovered from the low of $15476 following a 7% price cut. […] The post Bitcoin Price Analysis & Prediction (Nov 29th) – BTC Remains Calm, Trading Flat for Next Shockwave appeared first on NullTX.
7 days agocryptodaily
KNG token IEO, historic campaign by Kanga Exchange
Kanga Exchange is a multifunctional cryptocurrency platform. The core product of the exchange is the spot market, where you can find some of the most popular cryptocurrencies, features and a launchpad. Now, Kanga is going a step further by organizing a spectacular IEO. Exchange plans to raise at least $1 million and conduct a historic buy back of KNG exchange tokens. Kanga Exchange - future of the European market (H2) Polish cryptocurrency exchange stands out on the European market by offering innovative solutions for the blockchain industry. It is a quickly expanding system of FinTech products and services with the objective of enabling the adoption of cryptocurrencies in day-to-day life. Kanga Exchange founders have a long list of accomplishments in the FinTech sector. Cryptocurrency exchange and KNG token are their newest inventions. KNG creators have scheduled a number of significant events for their token in the near future. Maximum quantity of the KNG token is 21 million units, which coincides with the supply limit of Bitcoin. KNG, like many of the well-known exchange tokens including BNB, CRO and KCS, is also a utility token, bringing many functionalities to the community. Most valuable features (H2) Without a doubt, exchange points are Kanga's most significant product. Kanga is the market leader with over 350 locations throughout Europe and beyond. Founders like to emphasize that Poland, Czech Republic, and the United Arab Emirates are just the beginning of their expansion. Kanga has also prepared Kanga Local as an additional cryptocurrency exchange option. With Kanga's peer-to-peer system, which features over 300 real people - Locals, anyone wishing to purchase cryptocurrencies may do so with ease. There are various nations where Kanga Locals can be found, including Poland, Germany, Bulgaria, Norway, Sweden, and more. Visiting this page is the simplest way to contact the nearest Locals. On Kanga Exchange you will find many functionalities. The most important of all is the Launchpad, where users can find the latest public sales, private sales and Initial NFT Offerings (INO). It is worth mentioning that KNG has a unique staking system, as it has a special autotransfer, so that the daily rewards for staking are increased by a bonus that grows every day. The second of the functionalities is staking where the community will find the opportunity to earn passive income on tokens and stablecoins. In addition to the aforementioned, Kanga also includes features such as Dust Sweep and SWAP, which make users' lives much easier. KNG token IEO (H2) Founders of Kanga have planned a lot for the end of November. These events will be monumental for the European cryptocurrency exchange sector. Special KNG token IEO will take place on November 29. Community of the project will be given a unique opportunity to purchase tokens. Developers also created the mechanism to prevent price of the token from being dumped. Important aspect of this IEO is that the funds collected will not be used by the exchange for its own goals or technological development. The amount raised will fully benefit the community that rallies around the exchange and the KNG token. What will happen to the minimum of $1 million raised? The result of this IEO will be a historic for the European cryptocurrency scene BUY BACK. KNG tokens Buy Back (H2) Kanga is the first in Europe to plan a historic buy back of its tokens worth at least $1 million. The entire buy back will be conducted openly and everyone will have the opportunity to watch it live. On the exchange's website you will find a counter of bought back tokens and ten recent transactions. Creators are very committed to carrying out the action in full transparency. Start: 01.12.2022 Duration: 100 days Staking Rewards (H2) As a thank you to the exchange's supporters, the developers of Kanga Exchange plan to distribute half of the tokens collected during the buy back as staking rewards. Holders of KNG tokens will classically receive KNG staking rewards (which are generated from all revenues of the exchange) but for a period of at least a hundred days, rewards will be higher by the daily amount of tokens bought back from the market. It is worth noting that tokens will be bought back daily and half of the purchased tokens will immediately go into the pool for staking rewards. KNG token burn (H2) Exchange wanted its token to be deflationary for a long time. They decided that the ideal option would be to burn half of the bought back tokens. In this way, the project will reduce the number of tokens in circulation, which will directly affect the value of the tokens. The amount of tokens that will be allocated for burning will depend on the market price of the KNG token at the time of the buy back. Creators plan to allocate a minimum of half a million dollars for this purpose. As in the case of staking rewards, half of the tokens collected each day will immediately be burned. KNG Priority Pass (H2) Developers have prepared one more bonus for those staking KNG. Holders have the opportunity to take part in auctions before the IEO to guarantee the purchase of tokens at favorable conditions. With this arrangement, KNG holders who are staking their tokens are rewarded for their loyalty to the project. Auctions started on 26th of November with 6 available packages and will end an hour before actual IEO. IEO details (H2) IEO date: 29.11.2022 at 12:00 p.m. UTC Max investment: 2000 KNG KNG price: 50% of the market price from 26.11. Cliff: Tokens will begin to be released after 365 days. Vesting: Tokens will be released for 100 days, transferred directly to staking accounts of the buyers. Token type: ERC20 Mainnet: Ethereum https://trade.kanga.exchange https://kanga.exchange 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
7 days agocointelegraph
Price analysis 11/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week.
7 days agocryptodaily
Is crypto about to take the next stair down?
After a fairly long period of sideways movement is Bitcoin readying itself for the next leg down to $14k or perhaps even $10k? Bitcoin Beginning in March of this year, Bitcoin saw its biggest price drop, down around 63%, from $48k to just under $18k, in a period of less than 3 months. This was a fairly cataclysmic drop to follow on from the fall of 52% from Bitcoin’s all-time-high back in November of 2021. It could be said that in this bear market so far, there have just been these two longer periods of sideways price action up to now. The longest period is the most recent. From mid-June until early November Bitcoin traded in the $18k to $24k range, a period of nearly five months, and currently, the king of the cryptocurrencies has taken another small drop to around $16k. It would seem that gravity might well take it down to possibly the strongest support at $13,700, and then even down to around the $10k area last seen around two years ago. Much below this could be Armageddon for Bitcoin. Ethereum Ethereum, the number two ranked cryptocurrency by market cap, is also currently on shaky ground. $ETH has dipped back down between the $1,200 to $1,000 range. Going below $1,000 could leave it open to retesting the local low set back in June of this year of $900. Solana If the big two cryptos are having their bad times, then it could be said that Solana is suffering badly, and then some. With the fall out from the FTX/SBF debacle Solana has had a dreadful month. The price dropped like a stone from the beginning of the month, and went down as far as $11 at one point. The price is currently sat on the support at $13, but a potential drop from here could take it all the way down to $4. Binance Coin $BNB, the exchange token for Binance, could also be facing quite some peril should the bear market continue to extend well into next year. The price is currently sat on an upwards trend line that goes all the way back to its beginnings in November of 2017. Should it go below the trend line and take out the support at $210, it could go off a cliff and potentially free fall all the way down to $32. 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.
8 days agocryptopotato
Bitcoin Drops Toward $16K, SOL, BNB, LTC Dump by 6% (Market Watch)
Litecoin recently charted a six-month high but is down now by about 7%.
10 days agocryptopotato
Weekend Watch: Dogecoin Skyrockets 13%, BNB Breaks $300
Bitcoin's dominance continues to suffer as DOGE and BNB have outperformed BTC.

About Binance Coin

The live price of Binance Coin (BNB) today is 288.42 USD, and with the current circulating supply of Binance Coin at 159,969,445.36 BNB, its market capitalization stands at 46,138,404,274 USD. In the last 24 hours BNB price has moved -3.4552 USD or -0.01% while 285,559,940 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 Price288.42 USD
Market Rank#4
Market Cap46,138,404,274 USD
24h Volume278,467,611 USD
Circulating Supply159,969,445.36 BNB
Max Supply200,000,000 BNB
Yesterday's Market Cap46,145,630,000 USD
Yesterday's Open / Close291.92 USD / 288.465 USD
Yesterday's High / Low296.972 USD / 286.334 USD
Yesterday's Change
-0.01% ( 3.4552 USD )
Yesterday's Volume285,559,940 USD
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