Crypto Details: Binance Coin (BNB)

Binance Coin current price is $300.78 -0.43% (24hrs)

Binance Coin (BNB) is an exchange-based token created and issued by the cryptocurrency exchange Binance, founded by Changpeng Zhao and He Yi in July 2017.

Initially created on the Ethereum blockchain as an ERC-20 token, BNB was migrated over to Binance Chain in February 2019 and became the native coin of the Binance Chain.

Binance Coin has seen massive growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization.

The price of Binance Coin right now is 300.78. Its price is ↓ -0.43% down in the last 24 hours.

Current PriceAll Time HighMarket Cap

Binance Coin Price Changes :

Last 24 HoursLast 7 DaysLast 30 DaysLast 1 Year
↓ -0.43%↓ -3.85%↓ -25.97%↓ -8.98%

  • News - 29 May 2022, 5:12 am

    Regulations are coming, and DEXs need to step it up to survive, requiring KYC to weather the upcoming regulatory storm. Regulators from Europe, the United States and elsewhere are busily hammering out details on how to designate decentralized exchanges (DEXs) as “brokers,” transaction agents or similar entities that affect a transfer and cooperate with each other. The U.S. called for multinational cooperation in its executive order on responsible digital asset development, as did the European Union with its recent Financial Stability and Integration Review. And that is just what’s publicly accessible. Behind the scenes, the whisper of regulation is getting louder. Did anyone notice that all the Know Your Customer (KYC) requirements have been laid on smaller centralized exchanges in exotic locations over the past two months? That was the canary in the coal mine. With the aforementioned designation and cooperation, DEXs will start to feel regulator heat soon. Yes, regulations are coming, and the main reason why DEXs will hardly survive the coming storm is their proclaimed lack of ability to identify the users using and contributing to liquidity pools. In conventional financial circles, rendering services without proper KYC procedures is a big no-no. Not tracking identity allowed Russian oligarchs to use the Hawala payment service to anonymously move millions of dollars leading up to the war in Ukraine, so regulators are justifiably concerned about DEXs. For most DEX enthusiasts, KYC sounds like an insult, or at least, something that…Read More

  • News - 29 May 2022, 5:02 am

    If things work out just as planned by the world’s richest man, Musk might eventually start allowing DOGE payments for Starlink subscriptions. Just four months after EV manufacturer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his plan to extend the payment option for his space exploration company, SpaceX. Musk, the CEO of SpaceX and Tesla, has been a staunch supporter of the DOGE ecosystem since 2019 and has since publicly revealed interest in accepting meme coin payments across his multibillion-dollar enterprises.Tesla merch can be bought with Doge, soon SpaceX merch too— Elon Musk (@elonmusk) May 27, 2022 Historically, Musk’s pro-Dogecoin tweets have had an immediate and positive impact on DOGE’s market prices as investors try to cash in on the hype. However, the recent revelation about SpaceX’s plan to accept DOGE payments for merchandise had no significant effect on the price amid a bearish crypto market.Moreover, data from Cointelegraph Markets Pro and TradingView show that DOGE lost over 55% in value between the 8th and 12th of May and trades at $0.08077 at the time of writing.Dogecoin price 1-day chart. Source: TradingViewIn December 2021, DOGE gained 25% after Musk confirmed that Tesla will accept DOGE for merchandise. Along similar timelines, the entrepreneur revealed his belief about DOGE being a better everyday payment option as compared to Bitcoin (BTC).Maybe one day— Elon Musk (@elonmusk) May 27, 2022 If things work out just as planned by the world’s richest…Read More

  • Bitcoin News - 29 May 2022, 4:00 am

    The new installment of Ni No Kuni, an RPG franchise brought by independent gaming studio Level 5 and animated by Studio Ghibli, has launched with blockchain elements present. The game, which has been designed for mobile and PC platforms, introduces a token system that lets players use their earnings outside of the game, and will […]Read More

  • News - 29 May 2022, 2:17 am

    For all the flak they have been getting recently, cross-chain bridges bring too much value to the blockchain space to ditch them. The plane touches down and comes to a halt. Heading to passport control, one of the passengers stops at a vending machine to buy a bottle of soda — but the device is absolutely indifferent to all of their credit cards, cash, coins and everything else. All of that is part of a foreign economy as far as the machine is concerned, and as such, they can’t buy even a droplet of Coke.In the real world, the machine would have been quite happy with a Mastercard or a Visa. And the cash exchange desk at the airport would have been just as happy to come to the rescue (with a hefty markup, of course). In the blockchain world, though, the above scenario hits the spot with some commentators, as long as we swap traveling abroad for moving assets from one chain to another.While blockchains as decentralized ledgers are pretty good at tracking transfers of value, each layer-1 network is an entity in itself, unaware of any non-intrinsic events. Since such chains are, by extension, separate entities vis-à-vis one another, they aren’t inherently interoperable. This means you cannot use your Bitcoin (BTC) to access a decentralized finance (DeFi) protocol from the Ethereum ecosystem unless the two blockchains can communicate.Powering this communication is a so-called bridge — a protocol enabling…Read More

  • Bitcoin News - 29 May 2022, 2:00 am

    India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the pros and cons of introducing a digital rupee in India. RBI on the Upcoming Digital Rupee Launch The Reserve Bank of India […]Read More

  • Bitcoin News - 29 May 2022, 12:00 am

    Tesla CEO Elon Musk believes the U.S. economy is approaching a recession but he explained why it is “actually a good thing.” Musk has estimated that the upcoming recession will last 12 to 18 months. Elon Musk Discusses U.S. Recession Tesla and Spacex CEO Elon Musk shared his thoughts on the U.S. economy and the […]Read More

  • Bitcoin News - 28 May 2022, 10:00 pm

    Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential […]Read More

  • News - 28 May 2022, 8:30 pm

    Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekAndreessen Horowitz closes $4.5 billion crypto fund amid market turmoilVenture capital player Andreessen Horowitz, or a16z, has unveiled a new $4.5 billion cryptocurrency fund. The a16z fund is the fourth of its kind and more than double the amount of its third crypto investment fund. With $3 billion earmarked for venture investments and $1.5 billion for early-seed projects, the fund will look to invest in companies at various stages in their life cycle. Andreessens new fund provides a strong indicator that venture capital interest in the crypto market remains high despite evidence of a brutal bear market.   JPMorgan places BTC fair price at $38K, declares crypto a preferred alternative assetA client-focused note from JPMorgan this week detailed the banking giants thoughts on Bitcoin, claiming $38,000 as the assets fair value. The seemingly bullish outlook came on the heels of depressed price action for Bitcoin, which has been rangebound below $30,000. But even in February, when BTC was valued at $43,000, JPMorgan strategists said that $38,000 was fair market value. This weeks client note from JPMorgan also pointed to the possibility of positive price action for the entire crypto space provided venture capital investment doesnt waver.  WEF 2022: PayPal looks…Read More

  • Bitcoin News - 28 May 2022, 8:00 pm

    The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more […]Read More

  • News - 28 May 2022, 7:00 pm

    Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%.May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’ aversion to risky assets. For example, Invesco QQQ Trust, a $160 billion tech company-based U.S. exchange-traded fund, is down 23% year-to-date. Meanwhile the iShares MSCI China ETF, a $6.1 billion tracker of the Chinese shares, has declined 20% in 2022. To get a clearer picture of how crypto traders are positioned, traders should analyze Bitcoin derivatives metrics.Margin traders are becoming more bullishMargin trading allows investors to borrow cryptocurrency and leverage their trading position to potentially increase returns. For example, one can buy cryptocurrencies by borrowing Tether (USDT) to enlarge exposure.Bitcoin borrowers can only short the cryptocurrency if they bet on its price decline and unlike futures contracts, the balance between margin longs and shorts isn‘t always matched.USDT/BTC margin lending ratio at OKX exchange. Source: OKXThe above chart shows that traders have been borrowing more USD Tether recently, because the ratio increased from…Read More