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Binance Archives | Rateweb
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Binance

Binance

Binance Drops USDC on Tron, Echoing Circle’s Recent Move

  • Binance announces the end of deposit and withdrawal services for USDC tokens on the Tron blockchain, following Circle’s decision to cease support for the stablecoin on this network.
  •  Circle aims to maintain USDC’s status as a trusted, transparent, and secure currency, stopping minting on Tron without providing a detailed reason but citing ongoing blockchain suitability assessments.
  •  Tron explores a layer-2 solution with Bitcoin, aiming to facilitate the movement of stablecoins and tokens between Tron and Bitcoin, potentially enhancing Bitcoin’s financial ecosystem.

Binance Drops USDC on Tron, Echoing Circle’s Recent Move Read More »

Binance

BNB Climbs 10% Despite Binance’s Global Regulatory Challenges

  • Despite facing regulatory issues in Nigeria and the US, Binance Coin (BNB) experienced a 10% price increase, showing strong market resilience and investor confidence even amid global regulatory challenges.
  • South Africa is proactively establishing a regulatory framework for cryptocurrencies through the IFWG’s CAR WG, proposing the FSCA as the regulatory authority for Crypto Asset Service Providers (CASPs), aiming to protect consumers and ensure market integrity.
  • The South African approach to crypto regulation is designed to prevent issues like those seen in Nigeria, emphasizing transparency, licensing, and supervision to safeguard investors and maintain a stable and secure crypto market environment.

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Binance

Binance Coin Soars; Thai Expansion Fuels Optimism in Crypto

  • Binance Coin’s Technical Formation and Price Surge: Binance Coin (BNB) has exhibited a unique technical pattern, occurring twice in less than a month, indicating a high probability of a bullish trend. If the bullish flag pattern is confirmed, BNB’s price could significantly increase, potentially reaching up to ZAR 7866.50.
  • Binance Expansion into Thailand: Binance Exchange, through Gulf Binance, has expanded its services to Thailand, offering digital asset exchange and brokerage services to the Thai public. This follows the Thai Ministry of Finance’s approval, allowing Binance to operate as a licensed digital asset exchange and broker in the country.
  • Potential Price Movements and Technical Indicators: Technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest a bullish scenario for BNB. However, there’s a risk of price decline if profit-taking occurs, which could lead to a significant drop in BNB’s value, possibly down to ZAR 4266.00.

Binance Coin Soars; Thai Expansion Fuels Optimism in Crypto Read More »