In 2019, Binance launched the Binance Chain, and in 2020 launched the Binance Smart Check. Later, BNB became the native cryptocurrency coin of both blockchains. Until recently, BNB’s official name was Binance Coin, but in February this year, it rebranded to BNB, which stands for build and build. The Binance Chain and Binance Smart Chain …
Tether CTO Paolo Ardoino has responded to reports of hedge funds shorting its USDT stablecoin. A “short” is a bet against the value of an asset. In contrast, a “long” position is a bet that an asset will appreciate in value. On Monday, the Wall Street Journal reported that various traditional hedge funds had open... Read more » The post Tether CTO responds to reports of hedge funds shorting USDT appeared first on The Block.
Veteran trader Peter Brandt is highlighting one metric which might reveal whether Bitcoin (BTC) has...
The world’s largest crypto exchange Binance and its executives have strongly supported Bitcoin amid its price fall under intense market pressure. Brian Shroder, CEO of Binance said buying Bitcoin and continue accumulating Bitcoin at dips, just like he did when Bitcoin was at $29,000 and $19,000. CEO Of Binance Buying Bitcoin at Dips Brian Shroder, The post Top Binance Exec To Keep Buying Bitcoin, But There’s A Catch appeared first on CoinGape.
Celsius’ management looks to avoid bankruptcy filing regardless of advisers and lawyers recommending filing for Chapter 11 bankruptcy. The company has asked users to show support by activating “HODL Mode” on their account which temporarily disables outgoing transactions. Meanwhile, Celsius has again withdrawn its Ethereum (ETH) positions in Bancor’s liquidity pool to pay loans and The post Celsius Seen Withdrawing ETH, Can It Avoid Bankruptcy? appeared first on CoinGape.
Cardano (ADA) appears to be more dented by a bear market than some of its other major peers, recent data shows. The token is down 2.2% in the past week at $0.4845, compared to steady gains across most other top-10 cryptocurrencies. While hype over the blockchain’s upcoming Vasil Hard Fork had driven some price gains The post Cardano (ADA) Sees Big Drop In Interest, But Is Likely Primed For A Rally appeared first on CoinGape.
Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price.