Binance Burns More Than 1.6 Million BNB Coins But Price Drops

The world’s largest cryptocurrency exchange by volume Binance had completed its 5th scheduled token burn. The price has reacted negatively so far, however, despite the reduction in BNB supply. 1,643,986 Binance Coins (BNB) Destroyed In an official release dated October 17, Binance announced that it has successfully completed its 5th quarter token burn, as per […]

Continue Reading

Binance and KuCoin Commence Quarterly Burns of BNB and KCS Tokens

International, multi-language cryptocurrency exchange behemoth Binance has officially announced the fourth quarterly coin burn of its in-house Binance Coin token (BNB).  The announcement comes via Binance’s founder and CEO, Changpeng Zhao, on Twitter — where the business executive wrote: @binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in […]

Continue Reading

Binance Launches $1 Billion Fund to Support Startups

Osato Avan-Nomayo · June 2, 2018 · 5:00 pm Binance, a cryptocurrency exchange behemoth, is set to launch a $1 billion fund for cryptocurrency and blockchain technology startups. Ella Zhang, Head of Binance Labs, announced the establishment of the fund during an online meetup session on May 31, 2018.  The Binance Social Impact Fund The world’s […]

Continue Reading

Binance Burns $30 Million in BNB Tokens, Price Drops

Adam James · April 15, 2018 · 7:30 pm Last night, Bitcoinist reported that Binance, one of the most popular cryptocurrency exchanges in the world, would likely be executing its unspecified quarterly coin burn sometime today — which is exactly what happened. Burn Victims Earlier today, the Binance team announced the results of its Q2 […]

Continue Reading