Binance – Chains.ph

Binance Labs spurs Web3 startup funding; will BNB see the benefits?

Binance Labs was the lead investor in more than 80% of the deals executed. Binance Labs also did follow-on funding for established DeFi protocols. The ongoing crypto winter has frozen investments into cryptocurrency and blockchain startups. According to a recent report by Crunchbase, venture capital (VC) funding into the Web3 ecosystem fell 76% in Q2 …

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Binance Coin: Will the downtrend continue after a retest of $220

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binance Coin has a bullish short-term market structure. The recent bounce could stall at the resistance levels overhead as market sentiment remained bearish. Binance Coin [BNB] prices fell below a month-long range during the …

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Is Binance losing its hold over the crypto market?

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Binance’s dominance waned after the SEC lawsuit. Legal battles and market shifts cast shadows on Binance’s future. In the realm of cryptocurrency, Binance [BNB] once reigned supreme as the leading centralized exchange. Yet, the tides turned when an SEC lawsuit triggered a drastic decline in the exchange’s activity, casting a shadow of doubt over the …

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Binance market share erodes, but Korean exchange restores balance

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Binance’s market share dipped for the fifth month in a row. Korean-based exchange Upbit witnessed the largest increase in market share. Top cryptocurrencies continued to dampen the spirit of bulls and bears, ironically so, given their popular narrative as extremely volatile assets. The two largest cryptos by market cap – Bitcoin [BTC] and Ethereum [ETH], have held …

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Dubai grants operational license to Binance — a first for a crypto exchange

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Binance would initially provide services to institutional and qualified retail investors in Dubai. CEO Changpeng Zhao considers Dubai to be a “crypto hub.” Dubai granted an operational license to the world’s leading crypto exchange Binance [BNB], the platform announced on 31 July. It was the only exchange to secure this license from authorities in Dubai. …

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How Binance edged out rivals to establish dominance in spot trading

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Binance ate into the share of its nearest rivals and consolidated its position in the market. Binance’s market share witnessed a considerable decline in 2023, weighed down by regulatory scrutiny in the U.S. The buzzword thrown very frequently around in the ever-expanding world of cryptos and blockchains is “decentralization”. The idea is that no single …

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