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Showing posts with the label bnb

Coinbase Executive Issues Alert Over Unclaimed $39,000,000 Pile of Crypto Asset BNB

Coinbase director Conor Grogan is calling attention to a million-dollar pile of Binance’s native token, BNB, that has sat unclaimed for years. In a new post on X, Grogan urges citizens of Malta to start asking their government for the BNB that was donated to those suffering from terminal cancer on the southern European island in the Mediterranean Sea. Says Grogan, “In 2018, Binance and crypto users donated $200,000 in BNB to Malta Terminal Cancer Patients. The funds were never withdrawn and remain untouched, now worth $39 million due to the appreciation of BNB! Any Malta citizens, please let your government know that these funds are accessible.” BNB is a digital asset created and backed by the crypto giant Binance, and the charity initiative was launched as a partnership between Binance’s Blockchain Charity Foundation (BCF) and the Malta Community Chest Fund (MCCF). However, the two partners became entangled in a legal dispute with MCCF a...

Jiuzi $1B Crypto Treasury Backed by BTC, ETH, BNB

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Jiuzi crypto treasury has been officially launched with a $1 billion allocation that was approved by the company’s board of directors. The Chinese firm’s new policy allows investment in Bitcoin, Ethereum, and BNB as part of its crypto reserves strategy. This move actually positions Jiuzi among major corporations that are embracing digital assets for treasury management right now. The Jiuzi Holdings $1 billion crypto asset investment policy announcement – Source: PR Newswire Jiuzi Crypto Treasury Strategy Secures Bitcoin, Ethereum, and BNB Jiuzi Crypto Treasury Strategy – Source: Crypto News Australia Board Endorses Major Crypto Investment Policy Following Dr. Doug Buerger‘s appointment as COO, Jiuzi’s board formally approved the crypto asset investment policy. The Jiuzi crypto treasury initiative authorizes allocation of cash reserves into select cryptocurrencies within what they described as a prudent risk management framework. This strategic move ca...

TRON Close To New Peak: Can It Follow Bitcoin, XRP, & BNB?

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TRON (TRX) is inching closer to its all-time high of $0.4313. The asset hit a peak in December 2024, but faced a quick correction soon after. TRX is currently down by 26.3% from its all-time high. The asset could reclaim its peak if it continues its upward trajectory. Bitcoin (BTC), XRP, and Binance’s BNB have all hit new peaks over the last few days. TRX could be the next crypto to achieve a new high. When Could TRON Hit A New All-Time High? Source: CryptoRank TRX is currently up 2.2% in the daily charts, as CoinGecko reveals, 5.7% in the weekly charts, 10.9% in the 14-day charts, 19.1% in the monthly charts, and 141.9% since July 2024. TRX’s rally follows the general market bullish wave we have seen over the last few weeks. Source: CoinGecko TRON’s rally is likely due to a market-wide resurgence. There is ample FOMO (Fear Of Missing Out) among investors. Retail players may be entering the market after a substantial period of hibernation. The market rally was initiall...

Ripple (XRP) Vs. Binance Coin (BNB): Which Will Recover First?

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The cryptocurrency market has made a slight recovery since its crash on Monday, Apr. 7. Bitcoin (BTC) is moving closer to reclaiming the $80,000 price point. The global crypto market cap has risen 2% in the last 24 hours to $2.6 trillion. Ripple’s XRP token and Binance’s BNB coin also follow the recovery trend. Also Read: GCC: 7 Gulf Nations Plans To Launch Unified Currency, Ditch US Dollar Ripple’s XRP and Binance’s BNB In The Green Source: Watcher Guru XRP has rallied by 8.1% in the last 24 hours and 215.8% since April 2024. Despite the rally, XRP’s price is down 10.9% in the weekly charts, 21.4% in the 14-day charts, and 14.8% over the previous month. Source: CoinGecko Also Read: JPMorgan’s 3 Key Signals for Buying Stocks Again: Market Recovery Conditions Binance’s BNB, on the other hand, has rallied 4.3% in the last 24 hours and is red across other time frames. BNB is down 8.1% in the weekly charts, 11.9% in the 14-day charts, and 2.7% over the pr...

Dogecoin Rival Mirroring BNB’s Early 2024 Parabolic Rally, According to Crypto Analyst – Here’s His Outlook

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A closely followed crypto analyst says that a Dogecoin (DOGE) rival is potentially copying the same parabolic structure that BNB printed earlier this year. Pseudonymous trader Inmortal tells his 214,000 followers on the social media platform X that memecoin FLOKI could be repeating BNB’s move in early 2024. The trader suggests that an over 160% move for FLOKI is potentially on the table. “Similar structures. BNB vs. FLOKI.” Source: Inmortal/X Looking at the trader’s chart, he seems to predict that FLOKI will rally to $0.0003. At time of writing, FLOKI is worth $0.000114 Inmortal says that FLOKI’s recent sponsorship deal with English soccer team Nottingham Forest Football Club is another bullish catalyst for the memecoin. The trader says that FLOKI is likely to lead the memecoin resurgence once crypto bounces back. “If you ask me this is a big one, and when markets go green again, FLOKI will still be the leader if we talk a...

Binance Coin Weekend Price Prediction: Can BNB Hit $600?

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Binance Coin ( BNB ) reignited its price surge last week after undergoing key technical tests. With Bitcoin’s stagnation above $66,000 contrasting with BNB ’s sudden spike above $600, the top exchange token looks poised to retest critical upper resistance levels soon. After retracing last year,  BNB  spent considerable time centering around $300 support. However, this lateral price action has given way to a renewed uptrend recently. Last week, BNB also surpassed the $600 level and hit $618 before falling to its current price. Binance Coin is currently trading at approximately $565, which represents a 35.4% increase over the past 30 days. Technical indicators suggest the asset is in an overbought state. However, current market sentiment appears to favor a continuation of the upward trend over potential short-term pullbacks. Also read: Can BOOK OF MEME (BOME) Hit $0.05 After Bitcoin Halving? How high can BNB go this weekend? BNB had broken the key $600 psychological ...

AAVE Sets Sights on BNB Chain, Starknet, and Polygon zkEVM Expansion

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The AAVE team has been trying to expand to different blockchains. The team recently launched the much-awaited GHO stablecoin on February 9, 2023. According to the recent details from a temperature check that was released, the team has laid down a proposal to begin phase 2 of AAVE integration on Starknet . The voting for the proposal will conclude on April 11. AAVE’s proposal defines a 2-stage integration The proposal outlines a two-phase integration plan between Aave and Starknet . The first stage, which involves setting up a cross-chain bridge between Ethereum and Starknet , has been granted community approval. The proposal also aims to complete the second stage by fully integrating the AAVE protocol into Starknet . Also read: Elon Musk’s Twitter Updates its Logo to Dogecoin, DOGE Price Spikes The team stated in the proposal: “Following the successful completion of phase 1, we are now ready to propose a temperature check for the implementation of phase 2: the full deployme...