Category Archives: Binance
Crypto apps get bull treatment in Q1: Binance tops the list – Cointelegraph
In the first quarter of 2024, Binances mobile app emerged as a leading platform in the fintech space, recording over 6.3 million downloads, driven by the crypto markets resurgence and events like the approval of spot Bitcoin ETFs.
In the wake of the first quarter of 2024, the crypto landscape continues to surge, punctuated by the price of Bitcoin (BTC) reaching a record high of over $73,600 on March 14.
Mobile applications have emerged as the primary gateway for the majority of crypto users, serving as vital tools for engagement, trading and access to the crypto ecosystem. The prevalence of mobile apps underscores a significant shift toward mobile-centric interactions, setting the stage for a deeper, more intuitive connection with the digital finance ecosystem.
Through the convenience of their mobile phones, users can pick from a myriad of different digital asset trading platforms and applications. Data from the first quarter of 2024 shows that global crypto exchange Binance has emerged as a frontrunner in digital asset-focused apps.
Binances mobile app was downloaded over 6 million times in the first quarter of 2024. Source: Binance
Data from digital analytics firm Sensor Tower reveals that the Binance mobile app was downloaded more than 6.3 million times in the first three months of 2024, surpassing its closest competitor by over 21%. Additionally, increasing inflows into Binance pushed the value of user funds on the platform past the $100 billion mark in March.
The significant number of downloads is attributed to several factors, including the overall resurgence of the crypto market, driven by events such as the approval of spot Bitcoin ETFs in the United States and the anticipation surrounding Bitcoins upcoming halving event.
The Binance apps user-friendly design and comprehensive suite of features contribute to its popularity. The app offers a range of services designed to cater to both newcomers and experienced users.
Built on the foundation of Binances user-focused culture, our app is designed to make navigating the crypto world a breeze, even for newcomers, a blog post on Binance reads. Everyone, anywhere, no matter how much they know about cryptocurrencies and financial markets, can open a Binance account using our mobile application in a matter of minutes.
The value of funds Binance holds on behalf of its users exceeded $100 billion as of March 18. Source: Binance
Upon completing the account setup and identity verification process, users gain access to a range of Web3 services offered by Binance. These services encompass spot and peer-to-peer (P2P) trading, digital payments, a marketplace, investment products, Binance Squares social media feeds and a Web3 wallet.
At the end of last year, Binance also released a Web3 wallet that is directly accessible on the Binance app. Emphasizing the companys attention to user accessibility, Binance shared how its priority is to ensure users can explore Web3 in a user-friendly and protected environment.
The platform boasts a global user base of over 186 million, offering 1,800 trading pairs and over 400 digital assets. The level of engagement Binance receives suggests user confidence in the platforms security measures and overall reliability.
The substantial download figures for the Binance app in early 2024 underscore the growing interest in digital assets and the increasing crypto adoption. The platforms performance indicates broader trends within the industry, reflecting both the expanding user base and the potential benefits of this growing demand.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
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Crypto apps get bull treatment in Q1: Binance tops the list - Cointelegraph
Analyzing Investment Opportunities: Bitcoin Halving and Its Influence on Binance Coin (BNB), Dogecoin (DOGE), and … – Analytics Insight
As the cryptocurrency market continues to captivate investors with its volatility and potential for substantial gains, attention is drawn to three notable assets: Binance Coin (BNB), Dogecoin (DOGE), and Furrever Token (FURR). While Binance Coin showcases resilience amid market fluctuations, Dogecoin maintains its status as a beloved meme coin, and Furrever Token emerges with promises of a remarkable 15X increase post-presale. With each asset boasting unique features and market dynamics, investors eagerly anticipate how these coins will fare in the evolving crypto landscape.
With Binance Coin (BNB) currently priced at $555.30, experiencing a marginal 1% increase since yesterday, investors eagerly anticipate its next move. Despite this modest uptick, BNB remains down by 5% from the previous week. Over the last 24 hours, BNB has seen a 4% rise, indicative of potential market shifts. However, the prevailing low volume suggests a lack of clear direction, leaving both bullish and bearish sentiments in balance. As BNB treads cautiously, trading sideways, it accumulates momentum for a decisive movement. Presently, the price action suggests a pattern of consolidation within the $540-$600 range, signaling a period of uncertainty in the short term. Amidst this backdrop, investors closely monitor BNBs trajectory, which is poised for potential breakthroughs or further stabilization in the days ahead.
Dogecoin (DOGE) has retraced to around $0.1523, experiencing a slight decline of 2.5% since yesterday. However, recent market dynamics have brought renewed optimism as DOGE returns to the $0.16 range following Bitcoins resurgence, which has propelled altcoins to gain over 5%. The crypto markets rebound from recent lows has provided short-term profit opportunities for coins recovering from the bottom.
According to IntoTheBlock data, approximately 85% of Dogecoin addresses are currently in profit. However, recent fluctuations have pushed around 12% of holders into a loss. Amidst this scenario, patient investors await signs of a potential uptrend, hoping for weakened selling pressure to pave the way for new highs.
Encouragingly, despite the high percentage of profitable investors, there has been an increase in DOGE withdrawals from exchanges. This uptick suggests reduced selling pressure as investors opt to accumulate rather than sell. The recent surge in withdrawals indicates that investors may be aligning their strategies with medium and long-term goals. In the past seven days alone, over 110 million DOGE more than usual has been withdrawn from exchanges to wallets, reflecting a shift towards accumulation and potential optimism for the future.
Furrever Token (FURR) emerges as a promising cryptocurrency project, blending innovation with the universal appeal of adorable feline imagery. Positioned to revolutionize the crypto space, Furrever Token transcends conventional use cases by infusing the ecosystem with a delightful dose of cuteness. With its mission to foster a warm and engaging community centered around the lighter side of crypto, Furrever Token introduces a user-friendly platform adorned with cute cat-themed stickers, emojis, and visuals.
As the project nears the completion of its presale stages, investors are drawn to the potential for significant returns, with projections indicating up to 15X growth post-presale. Currently priced at $0.00048, Furrever Tokens expected surge after the presale presents an enticing investment opportunity. Already garnering substantial interest, Furrever Token has raised nearly $800,000, signaling robust investor confidence. Moreover, with meticulous attention to security and compliance, including smart contract audits and team token lock-ups, Furrever Token assures its community of a safe and enduring investment environment.
Supported by an active and engaged community of over 4,000 organic members on Telegram, Furrever Token epitomizes community-driven growth and legitimacy. With transparent communication channels and dedicated moderators ensuring swift issue resolution, investors are reassured of Furrever Tokens commitment to transparency and integrity. With the presale swiftly progressing toward its conclusion, savvy investors are encouraged to seize the opportunity to partake in Furrever Tokens journey toward fostering joy and profitability in the crypto landscape.
Furrever Token Official Website | Visit Furrever Token Presale Join Official Telegram Group | Follow Official X Account
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Binance announces blockchain courses at European universities – FinanceFeeds
Education plays a pivotal role in advancing adoption and fostering opportunities as these technologies redefine our future and global economic landscape.
In partnership with leading European educational institutions, Binance Academy has launched university-accredited courses that delve into key topics and disciplines within the dynamic landscape of Web3.
Offering learners a deeper understanding of blockchain technology and digital assets, the crypto learning hub of Binance is hoping to further expand the reach of its educational efforts by partnering with renowned and respected Business schools and professors in Europe.
According to the announcement, all of the courses have been designed and recorded in partnership with esteemed professors teaching crypto and blockchain-related courses on campus. The courses are priced at 10 USDT for enrollment, with a promotional price of 4 USDT at launch.
Upon completion of their courses, participants will receive a co-branded certificate from the university and Binance Academy, with the hope that this certification will help to unlock new career opportunities within the blockchain industry, the entity stated.
The university partners and their courses include:
Yi He, Co-Founder at Binance, said: Were thrilled to join hands with prestigious European universities in delivering university-accredited Web3 courses. Education plays a pivotal role in advancing adoption and fostering opportunities as these technologies redefine our future and global economic landscape. Our commitment to accessibility aligns with our user-centric principles, driving financial inclusivity and sustainable innovation as we champion growth within the broader ecosystem.
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Binance announces blockchain courses at European universities - FinanceFeeds
Ethereum Price Up 7% As Whale Scoops $50 Million Worth of ETH from Binance – CoinGape
Ernst & Young Adopts Polygon PoS for Contract Management Service
Ernst & Young (EY), one of the leading global accounting firms, has announced a major step forward in enterprise contract management by leveraging blockchain technology. The company has introduced OpsChain
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Ethereum Price Up 7% As Whale Scoops $50 Million Worth of ETH from Binance - CoinGape
Binance Executive Tracked to Kenya, Facing Extradition to Nigeria – Crypto Times
Based on a report from Punch, the Nigerian government has tracked down Binance executive Nadeem Arjarwalla, who fled the country after being detained on charges of money laundering. Arjarwalla is now the focus of a joint effort by Nigerian authorities, Interpol, and the Kenyan police to extradite him to Nigeria to face trial.
According to reports, Arjarwalla escaped custody in Nigeria on March 22 and managed to board a flight out of the capital, Abuja. However, his trail has now been picked up in Kenya, where he went into hiding. Nigerian officials have disclosed that they are collaborating with international agencies to bring the fugitive executive back to the country.
The charges against Arjarwalla stem from allegations that Binance, the cryptocurrency exchange he represents, manipulated Nigerias fiat currency, the naira. He was detained alongside another Binance executive, but only Arjarwalla managed to flee the country.
Also Read: Novogratz Bullish on Bitcoins Recovery After Major Plunge
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Binance Executive Tracked to Kenya, Facing Extradition to Nigeria - Crypto Times
Binance to cease support for Bitcoin Ordinals by April 18 – Crypto Briefing
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In an effort to streamline its product offerings, Binance has announced that it will cease support for trading and depositing Bitcoin (BTC) nonfungible tokens (NFTs), also known as Bitcoin Ordinals, on its NFT marketplace starting April 18, 2024.
In a blog post dated April 4, Binance stated that the decision to wind down support for Bitcoin NFTs is part of its ongoing efforts to streamline its product strategy for offerings on the Binance NFT marketplace. Users are advised to withdraw their Bitcoin NFTs from the marketplace via the Bitcoin network before May 18, 2024, at 00:00 (UTC).
Starting from April 18, 2024, at 06:00 (UTC), users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network. All impacted listing orders will be automatically canceled at the specified time.
Please note that Binance NFT Marketplace will not support any further airdrops, benefits, or utilities associated with Bitcoin NFTs after 2024-04-10, the blog post stated.
The announcement also addressed Runestone NFT users who meet the conditions for the Runestone airdrop. Binance NFT had distributed these NFTs to eligible users accounts before April 4, 2024, at 10:00 (UTC). Users are advised to withdraw these NFTs by April 10, 2024, at 10:00 (UTC) to ensure they still have the opportunity to receive any associated tokens, utilities, and benefits after that date. Binance will not be responsible for any losses incurred if users fail to withdraw their NFTs before the stated time frame, the exchange said.
Bitcoin Ordinals, which allow for the inscription of digital content like art, text, music, or video directly onto the Bitcoin blockchain, have gained popularity since their introduction in late 2022. The protocol, created by Casey Rodarmor, enables unique digital arts to be directly embedded into Bitcoin transactions, similar to Ethereums NFTs.
Binances decision to discontinue support for Bitcoin NFTs comes as a surprise to the community, as the exchange had only added support for these tokens in May 2023, promising more opportunities for collectors.
The high volume of NFT transactions has occasionally clogged the Bitcoin network, increasing fees and slowing processing times as more transactions are validated on-chain. Recent data from Dune Analytics, the network has over 64 million inscriptions to date and has generated over $423 million in transaction fees.
As Binance phases out support for Bitcoin NFTs, users are encouraged to take the necessary steps to withdraw their assets from the marketplace within the specified timeframes to avoid any potential losses.
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Binance to cease support for Bitcoin Ordinals by April 18 - Crypto Briefing
Binance Executive Held in Nigeria Makes First Court Appearance – PYMNTS.com
Binances head of financial crime compliance,Tigran Gambaryan, appeared in court in Nigeria for the first time Thursday (April 4).
Gambaryan, who is a U.S. citizen, was served with charges and did not take a plea, ReutersreportedThursday.
Gambaryan, another Binance executive and the cryptocurrency exchange itself have been charged with four counts of tax evasion, as well as money laundering, according to the report.
The other executive Nadeem Anjarwalla, a British-Kenyan who is a Binance regional manager for Africa escaped custody and fled Nigeria in March after being detained along with Gambaryan on Feb. 26, the report said.
Following his court appearance Thursday, Gambaryan will be formally arraigned for the money laundering charges Monday (April 8) and for the tax evasion charges April 19, per the report.
NigeriasEconomic and Financial Crimes Commission(EFCC) has argued that Gambaryan can face the charges on Binances behalf, the report said.
His lawyer, Chukwuka Ikuazom, has argued that Gambaryan was not a director, partner or company secretary at Binance; had no written instructions from the company to face the charges on its behalf; and cannot take a plea until the company itself has been served, according to the report.
Binance said Wednesday (April 3) that Gambaryan was not responsible, as he had no decision-making power in the company, per the report.
The two Binance executives weredetainedby Nigeria in February as the country increased pressure on the cryptocurrency sector. They were picked up by national security officers after arriving in Nigeria, with authorities saying that the company was operating illegally in the African nation.
It was reported March 11 that Nigeria blames Binance for driving down the value of itscurrency. Before their detention, Gambaryan and Anjarwalla headed to Nigeria to help solve the problem.
Following their detention, Anjarwallafled the countryin March.
On March 29, it was reported that the two executives sued the Nigerian government. They filed their suit against the countrys national security advisor, Nuhu Ribadu, and the EFCC for violating their fundamentalhuman rights.
In their court filings, Gambaryan and Anjarwalla pleaded with the Federal High Court to order the agencies to release them, return their passports and apologize publicly.
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Binance Executive Held in Nigeria Makes First Court Appearance - PYMNTS.com
What Is Saga Crypto? Top Exchange Binance Reveal 51st Launchpool Project – Over $2Bn Staked – 99Bitcoins
In the latest Binance Launchpool listing, a new token called Saga (SAGA) has listed marking the 51st Binance Launchpool project. In this article, deep-dive and find out What is SAGA crypto? and explore SAGA coin possibilities.
Binance, undoubtedly the largest exchange by client count and trading volume, has revealed the listing of Saga as the 51st Launchpool project.
In an announcement on April 4, the exchange saidusers could begin staking BNB and FDUSD stablecoin via dedicated pools. By staking, they farm SAGA tokens from April 5 to 9.
So far, the launchpool has been a tremendous success with over $2Bn in assets staked in dedicated SAGA pools.
SAGA coin serves as a governance token for the Saga ecosystem, through a novel governance staking mechanism, holders are able to stake and receive rewards.
In the ongoing Launchpool, 45 million SAGA has been allocated for farming. Of note, 36 million SAGA will be distributed from the BNB pool.
At the same time, 9 million will be released to users from the FUSD pool.
(Launchpool)
An individual can receive a maximum of 37,500 SAGA in the BNB pool and 9,375 SAGA in the FDUSD pool so far, roughly 300,000 users are actively staking their BNB and FUSD tokens.
In total, there will be a total supply of 1 billion SAGA and Binance plans to list SAGA on April 9, at approximately 14:00 UTC in a major event.
The token will launch with five trading pairs: SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY.
The initial supply will be 90 million SAGA, or 9% of the total supply on listing.
As the name suggests, a launch pool is a token launch pad in Binances case. However, this is explicitly designed so that projects benefit from the exchanges immense retail investor base.
Indeed, many projects have benefited from supercharged listings via Binance Launchpool including SUI, SEI, PENDLE, BEAMX, and ENA.
There are multiple benefits to this:
Saga is a mainnet platform created explicitly for developers similar to Ethereum or Solana.
The goal is to empower these crucial contributors, allowing them to build infinitely scalable applications using Chainlets. SAGA will serve as a medium of exchange. Developers compensate Validators who maintain Chainlets using SAGA.
Of note, Saga coin plans to remove the high upfront costs and complexities of blockchains like Ethereum, making it easier for developers to focus on creating innovative applications.
Ahead of the official exchange listing, Saga has partnered with key players such as Polygon, Avalanche, Celestia, Marble, and Com2uS.
While Saga coin initially targets the gaming and entertainment industries, it plans to serve decentralized finance (DeFi) by enabling entirely new classes of applications.
EXPLORE: Liquid Bootstrapping Pools: Heres Why LBPs Are Best Way to WAGMI Via Presales
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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