BNB Price Hits New All-Time High as Binance Posts Mysterious Tweet

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BNB Price Hits New All-Time High as Binance Posts Mysterious Tweet
Binance Coin is gaining in its value while the community is trying to guess what a mysterious tweet made by Binance could mean.
BNB Price Hits New All-Time High as Binance Posts Mysterious Tweet

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Source: CoinSpeaker

Binance’s Trust Wallet Now Integrated with Binance DEX Through New WalletConnect Feature

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Binance’s Trust Wallet Now Integrated with Binance DEX Through New WalletConnect Feature
Trust Wallet adds WalletConnect to their application. This technology connects desktop DApps and mobile wallets that provides users with easy and fast access to their mobile wallet.
Binance’s Trust Wallet Now Integrated with Binance DEX Through New WalletConnect Feature

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Source: CoinSpeaker

Binance Coin (BNB) Likely To Hit $40 than Drop to $15

BNB prices stable but can expand to $41
Binance fundamentals supportive for BNB

With the launch of Binance chain and Binance DEX, Binance Coin (BNB) could benefit from increasing demand as Binance is one of the few trusted exchanges according to OpenMarketCap. Thus far, it is ranging with support at $20.
Binance Coin Price Analysis
Fundamentals
Simply put, Binance Coin (BNB) is a loyalty coin. Operating from the world’s largest exchange by adjusted volume, Binance, which is less than three years, the coin is a top performer increasing by triple digits in the last five months.
From a fundamental and technical point of view, the coin would likely add more in the coming months if not years. Much has been said about the launch of their DEX and how successful it is. But before succeeding where others are struggling in, Binance must prove that there is sufficient liquidity and is fast enough. That would avert algorithmic trading exploitation while a complementing UX would attract new users confident on security and control of their asset.
Because BNB is the native currency whereby use confers advantages, operation from Binance, Binance DEX and demand from all listed projects willing to raise funds from their Launchpad is overly bullish for the coin. Investor demand is perhaps one of the reasons why Binance Coin is now available in three exchanges including Livecoin. Combine that with quarterly coin burns and FOMO; it’s easy to be confident on the coin.
Candlestick Arrangement

Back to price and after a parabolic rise, Binance coin (BNB) is cooling off. Ranging within a $6 zone with supports at $20—the middle BB and $26, bears seem to be back. Of note is the doubling of price, the inevitable overpricing of Apr-20 and then current correction.
Even so, bulls are in control, and as every dip is another loading opportunity printing out in a clear uptrend, any drop below $20 would temporarily allow sellers to dominate. In that case, it is likely that BNB will hit $16.
On the flip side, any high volume gain blasting above $26 would trigger another wave of higher high that would see BNB test $41 or the 161.8 percent Fibonacci extension level of the coin’s high low.
Technical Indicator
Down 2.8 percent in the last day, guiding Binance Coin price action is Apr-19, a wide-ranging bar, confirming gains of the week ending Apr-6. Since buyers are in charge, effort versus reward analysis indicates that any surge above $26 should preferably be with transaction volumes exceeding averages of 2.5 million and most importantly, 3.7 million of Apr-19.
Chart courtesy of Trading View
The post Binance Coin (BNB) Likely To Hit $40 than Drop to $15 appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance’s Fiat-to-Crypto Singapore Crypto Exchange Goes Live

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Binance’s Fiat-to-Crypto Singapore Crypto Exchange Goes Live
Binance has just announced the launch of its crypto exchange in Singapore which comes six month after the exchange got the investments.
Binance’s Fiat-to-Crypto Singapore Crypto Exchange Goes Live

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Source: CoinSpeaker

Binance Invites New Tokens to Issue on Binance Chain – Is it a Threat to Ethereum Network?

One of the largest cryptocurrency exchange, Binance has recently launched its own decentralized exchange (DEX) which now runs on Binance’s native blockchain, Binance Chain. The exchange is now inviting other community development to issue their new tokens on Binance chain.
Is Binance Chain a Direct threat to Ethereum Network?
After launching Binance chain, BNB was reportedly migrated from Ethereum network to Binance native chain on April 23. As Binance Coin (BNB) which is currently the seventh largest cryptocurrency moved from Ethereum, it is likely to create a sense of migration among upcoming and existing tokens as well. The fact is that Binance as crypto exchange, within a very short period of time, began ruling other reputed trading platforms. Meantime, Binance Coin also outperformed over other long-existed crypto coins in terms of market capitalization.
The exchange has released a new announcement on the same day of Mainnet swap completion (i.e today – April 23) and offers other community development to issue their new tokens on Binance chain. Very soon after Binance chain launch, Mithril (MITH), a crypto project becomes the first project to migrate into Binance Chain. Nevertheless, reports also reveal other projects like Red Pulse Phoenix (PHX) and Atomic Wallet Coin (AWC) to follow suit. However, PHX token was built on NEO platform and very soon major token ecosystem would be migrated to Binance native chain.
Binance DEX experienced its successful launch on Binance chain after completing the testnet period of two months. As per Binance report, nearly 8.5 million transactions were made to determine errors if any – as such these two months testnet period carried trading competition, coding competition and bug bounty program which enhances the trust among large crypto community towards the final launch of Binance chain and DEX on top of it.
Binance and its CEO, CZ may not necessarily in direct competition of Ethereum but the product similar to what Ehtereum offers – will definitely pose a question.
Nevertheless, Coingape recently reported CZ’s sentiment towards Ethereum Crypto and Binance Coin – wherein he reveals ETH is better than BNB coin when it comes to feature whereas the former lacks focus and latter kept eyeing on one specific aspect.
Concerning Binance DEX launch, CZ adds that;
“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”
The post Binance Invites New Tokens to Issue on Binance Chain – Is it a Threat to Ethereum Network? appeared first on Coingape.
Source: CoinGape

Binance Successfully Completes BNB Mainnet Swap

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Binance Successfully Completes BNB Mainnet Swap
Today, on April 23, Binance has announced that it has completed the Binance Coin (BNB) mainnet swap. Now deposits and withdrawals are open.
Binance Successfully Completes BNB Mainnet Swap

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Source: CoinSpeaker

Ethereum Killer? More Projects Choose to Migrate to Binance Chain

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Ethereum Killer? More Projects Choose to Migrate to Binance Chain
More and more projects are taking a decision to migrate to Binance Chain. Such popularity positively influences the price of BNB.
Ethereum Killer? More Projects Choose to Migrate to Binance Chain

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Source: CoinSpeaker

Binance Coin Price Hits New All-Time High After Stream of Announcements

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Binance Coin Price Hits New All-Time High After Stream of Announcements
After Binance launched its native blockchain network and decentralized exchange, investors rushed to buy a massive amount of Binance Coin (BNB) tokens.
Binance Coin Price Hits New All-Time High After Stream of Announcements

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Source: CoinSpeaker

Could Binance (BNB) Coin Possibly Reach 100$ Valuation This Year?

Binance (BNB) Coin has shown remarkable rise this week. Binance seems to be performing a plethora of activities around the Binance (BNB) Coin.
Binance (BNB) has gained over 23% over the weekend. The price of Binance (BNB) coin at 15: 00 Hours on 19th April is 23.91. It is trading 10.58% higher on a daily scale. Moreover, it is trading over 23% higher on a weekly scale.
The Binance Chain registered its first genesis block to launch its blockchain and move from the ERC20 protocol. The balance of the binance token will be the same as when the BNB tokens on the new chain will be claimed an equivalent amount will be burnt from the Ethereum platform.
Binance also announced Enjin Wallet integration and Red Pulse token addition to the Binance DEX. Binance official account tweeted about the Red Pulse addition:
…adding our token to Binance DEX, and driving greater real-world applications of blockchain, specific to the knowledge and information space.
BNB/USD 1-Day Chart on Binance (TradingView)
Available Only on Some Exchanges
 
Binance (BNB) coin is probably the only cryptocurrency in the top ten cryptocurrencies by market capitalization which is available only on a few significant exchanges. Among the top Exchanges, Binance (BNB) coin is currently listed only Binance, Hit-BTC, Bit-Z, Lbank, and Gate.io. Hence, if the popularity of Binance (BNB) coin keeps increasing, an influx in volume can be expected from listing on other Exchanges. However, while listing on other competitive exchanges is unlikely, even interoperability enabled between IEOs would benefit Binance (BNB) coin, as it came first in the business.
Currently, Bit-Z and Binance Exchange hold the maximum trading volume for the Binance (BNB) Coin. Binance Exchange is the largest Exchange in the world in terms of market capitalization. Moreover, the Binance Decentralized Exchange (DEX) is expected to increase the user base of Binance Coin further.
Also Read: Binance Exchange Quietly Alters BNB’s Original Whitepaper With New Clause
Binance Decentralized Exchange
Earlier this month, CZ, the CEO of Binance had indicated that Binance DEX will be launched in April 2019. The much anticipated Binance Decentralized Exchange will one of the first popular decentralized exchange to be released.
CZ tweeted today by announcing the arrival of the Exchange:
The Binance DEX members gave me the honor to do the first transaction on Binance Chain. It’s FAST and SLEEK! Love it.
Moreover, to access the Binance DEX, Binance Chain wallet must be activated to register for the Exchange. Hence, the number of users of the Binance (BNB) Chain is expected to increase many folds with the launch of the Binance DEX. 
Do you think that the upside will continue or we will see resistance from the All-Time High? Please share your views with us.
The post Could Binance (BNB) Coin Possibly Reach 100$ Valuation This Year? appeared first on Coingape.
Source: CoinGape

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Source: TradingView
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
Please see the below link for further details on the actions that will occur along with the planned timings for them to do so. https://t.co/32hjBwkUcX pic.twitter.com/X9qAoXxYmc
— Binance DEX (@Binance_DEX) April 18, 2019

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. ”
The post Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern appeared first on AMBCrypto.
Source: AMB Crypto

Binance’s Mainnet Swap to Execute on April 23 via Binance Chain’s Native Token

Binance’s long-awaited Binance chain has finally hit the headline today on April 18, 2019. Following Mainnet launch, its Swap is planned to execute on April 23.
Earlier this month, Changpeng Zhao or popularly known CZ, CEO of Binance cryptocurrency exchange has said in a Deconomy conference that the platform is launching its DEX later this month. However, today’s mainnet launch is what CZ had proposed during the conference.
The exchange said that the Mainnet Swap is proposed to happen on April 23, 2019, which might change depending on ‘how things progress’.
Binance has shared a couple of actions that has planned to be performed including the BNB creation in the genesis block. The explorer and web wallet of Binance chain will be available only for selected members which will undergo for testing mode – prior the public access on April 23, 2019. Accordingly, the migration of BNB from ETH network to Binance Chain will occur within April 19-April 23. As such, old BNB address (based on ETH address ) will be destroyed and consequently new BNB tokens will be built on top of Binance Chain network.

Moreover, the exchange has said BEP2, a Binance Chain BNB tokens will be used on April 23 when Binance users will be able to use Binance Chain address to process BNB withdrawal request. Means that old ERC-20 BNB tokens will then be migrated to BEP2 BNB tokens. It reads it as follows;
Binance.com 3 will assist with the BNB mainnet swap on April 23rd, 2019 at the earliest. If everything works as intended, then users will be able to provide a Binance Chain address for BNB withdrawal requests. The withdrawal will then act as a mechanism to convert ERC20 BNB tokens into BEP2 BNB tokens native to Binance Chain.
Moreover, who wish to still keep BNB on its ERC20 based BNB address (for any reason during the conversion period) then such users are expected to withdraw their BNB from Binance.com account before 2 AM (UTC) on April 23rd and moved into Ethereum Wallet, the exchange said.

However, this announcement is followed by exciting hints and secrets by Binance official and CZ’s Twitter timeline. As coingape reported, the exchange and CZ, early in the morning shared tweets about the upcoming launch which certainly excited the whole Binance community.
Image source- Twitter 
The post Binance’s Mainnet Swap to Execute on April 23 via Binance Chain’s Native Token appeared first on Coingape.
Source: CoinGape

Binance Is All Set for Singapore Expansion and DEX Launch This Month

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Binance Is All Set for Singapore Expansion and DEX Launch This Month
April is going to be a big month for Binance as the company plans to set up an office in Singapore along with the mainnet launch of its decentralized exchange (DEX).
Binance Is All Set for Singapore Expansion and DEX Launch This Month

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Source: CoinSpeaker

OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange
OKEx plans to catch up with Binance by scheduling the launch of its in-house decentralized exchange, DEX, for this June. The DEX will run entirely on OKEx’s own blockchain.
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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Source: CoinSpeaker

Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Is XRP a Security? It Seems There Will be No Answer Any Time Soon
According to the investigation lawyer from global law firm Kober & Kim, Jake Chervinsky, it will take more than a year to understand whether Ripple’s XRP is a security or not. Here’s why.
Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Source: CoinSpeaker

Insider Insights: Binance Set to Become the World’s First Decentralized Corporation

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Insider Insights: Binance Set to Become the World’s First Decentralized Corporation
It is said that Binance will transfer all the company’s value to its native BNB coin to become the first decentralized corporation in the world.
Insider Insights: Binance Set to Become the World’s First Decentralized Corporation

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Source: CoinSpeaker