Binance’s Crypto Trading Dominance Wanes, Market Share Drops to 55%
Binance has experienced a significant decline in its market share, dropping from 81% to 55% of global crypto trading volumes within a year, as reported by Kaiko.
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BNB Price Analysis: Bears Gain Control, Key Support Levels to Watch
The recent price analysis of BNB (BNB) indicates that bears have taken control as the cryptocurrency slipped below the 50-day simple moving average, signaling potential further downside towards crucial support levels.
EU Watchdog Warns of Crypto Exchange Concentration Risks
The European Securities and Markets Authority (ESMA) has raised concerns about the high concentration of crypto trading on a handful of exchanges, with Binance alone accounting for about half the market. This raises questions about the potential impact of a failure on the wider crypto ecosystem.
Binance Faces Ban in Philippines Amid Regulatory Crackdown
The Philippine Securities and Exchange Commission (SEC) has obtained approval from the National Telecommunications Commission (NTC) to block access to Binance’s website and associated services nationwide, citing the exchange’s unlicensed operations in the country.
CommEX Closure Highlights Crypto Regulatory Hurdles in Russia
Binance, the world’s largest cryptocurrency exchange, has exited the Russian market, selling its Russian branch to CommEX. Now, CommEX has announced the gradual suspension of its trading platform operations, culminating in a complete shutdown by May 10, 2024, citing challenges in navigating Russia’s compliance environment.
WEEX Joins Binance in Supporting LUNC Burn Campaign
Crypto exchange WEEX has announced its commitment to burn 30% of LUNC trading fees, joining Binance in supporting the Terra Luna Classic community’s efforts to reduce the LUNC circulating supply. This move aims to contribute to the LUNC burn campaign and promote the revival of the Terra Luna Classic ecosystem.
Binance Rewards Users for Accurate Listing Predictions with Futures NEXT
Binance has introduced the Futures NEXT platform, allowing users to predict which tokens will be listed on the futures market and earn rewards for correct forecasts.
Sideways Trading Likely for BNB
BNB faces potential price correction after failing to break $250 resistance, with sideways trading expected before revisiting $240 support.
New Crypto Hack Targets BNB Smart Chain
Hackers are exploiting vulnerabilities in BNB Smart Chain smart contracts to conceal malware distribution by compromising WordPress sites and using blockchain transactions to frequently modify attacks and evade detection.
SEC Lawsuit Dampens BNB Rebound Prospects
BNB has struggled to rebound amid an ongoing lawsuit from the SEC alleging Binance sold unregistered securities. The legal fight has weighed on investor sentiment.