Crypto Details: Binance Coin (BNB)
Binance Coin current price is $310.30 -0.53% (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 310.30. Its price is ↓ -0.53% down in the last 24 hours.
|Current Price||All Time High||Market Cap|
Binance Coin Price Changes :
|Last 24 Hours||Last 7 Days||Last 30 Days||Last 1 Year|
|↓ -0.53%||↑ 3.24%||↑ 27.14%||↓ -17.58%|
- Cointelegraph.com News - 1 February 2023, 9:47 am
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022. Cryptocurrency and blockchain technology found no mention in India’s union budget for the year 2023, bringing down the hopes of millions of crypto holders in the country. Many in the Indian crypto community were hoping for some reduction to the high crypto tax, implemented in March 2022.Indian finance minister Nirmala Sitharaman presented the union budget on Feb. 1, announcing key changes to the income tax slabs, but didn’t mention crypto or central bank digital currency or blockchain tech during the session. Last year, India levied a 30% tax on crypto profits and a 1% tax deducted at source (TDS) on all crypto transactions, derailing a thriving industry almost immediately.The primary motive for introducing a TDS on all crypto transactions was to determine the total number of Indian citizens actively using cryptocurrencies. This data will be made available to the government as Indians file income tax returns (ITR) starting in May 2023.Trading volume on major cryptocurrency exchanges across India dropped by 70% within 10 days of the new tax policy, and almost 90% in the next three months. The rigid tax policy not only deterred crypto traders to move to offshore exchanges but also forced budding crypto projects to move outside India.Related: Tax man: India’s new tax policies…Read More
- Bitcoin News - 1 February 2023, 9:30 am
Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants. Brazil Receives Binance Prepaid Card Binance, […]Read More
- Cointelegraph.com News - 1 February 2023, 8:07 am
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data. Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022.Celsius released an official update on upcoming withdrawals on Jan. 31, providing the list of users eligible to withdraw approximately 94% of qualified custody assets.The firm laid out the process in a 1,411-page court filing with the United States Bankruptcy Court for the Southern District of New York, listing the full names of all the eligible users alongside the type and amount of debted crypto assets.Celsius stressed that eligible users would be asked to update their Celsius account with certain required information before any withdrawals are processed. The requested information includes customer data related to Anti-Money Laundering and Know Your Customer policies, as well as details about the destination address of the withdrawal, Celsius said, adding:“Unless and until an eligible user updates his or her account with the required account updates, such eligible user will be unable to withdraw his or her distributable custody assets from the debtors’ platform.”The filing also notes that it’s not yet known whether eligible users will be able to withdraw the remaining 6% of the assets as the court will make a decision regarding this question at a later date.Eligible users will also receive specific details related to…Read More
- Bitcoin News - 1 February 2023, 7:30 am
After initially ignoring pleas to extend the period for returning old naira banknotes, the Nigerian central bank recently said it has shifted the deadline for returning old banknotes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super agents have been deployed nationwide to help with the cash-swapping process. CBN Governor Says […]Read More
- Cointelegraph.com News - 1 February 2023, 6:27 am
The automotive giant is exploring DAO tools and blockchain integration to improve company operations. Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers.On Feb. 1, multichain smart contract and decentralized application (DApp) network Astar announced its inaugural Web3 hackathon. The news of note, however, was that it’s being supported by the Toyota Motor Corporation.Astar Network founder Sota Watanabe commented on the significance of Toyota’s involvement in the initiative:“During the event, we aim to develop the first PoC (Proof of Concept) DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with products on Astar Network.”It’s Toyota’s first Web3 event as the multinational vehicle company looks to emerging technology to “support its vision of improving the company’s operations,” the announcement noted.The Astar Foundation is pledging $100,000 in funding for the event, which will go toward rewards for winning projects selected by Toyota.Finally!We’re incredibly excited to announce…The !Learn how the world’s largest car company is building on Astar:https://t.co/xDLE6XPwsx— Astar, Future of Smart Contracts for Multichain (@AstarNetwork) February 1, 2023 Event participants will develop all of their products on the Astar Network, a Japan-based layer-1 blockchain. The hackathon will be hosted in Astar’s Polkadot-based metaverse, COZMISE.Related: BMW taps Coinweb and BNB chain for blockchain loyalty programIt is not the first time Toyota has dabbled in crypto and the blockchain. In 2020, the IT…Read More
- Cointelegraph.com News - 1 February 2023, 6:14 am
The Damus app is powered by Nostr, which uses decentralized relays to distribute end-to-end encrypted messages, and has a powerful backer in Jack Dorsey. Damus, a so-called “Twitter killer” built on a decentralized network, has been approved on the Apple App Store.The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims were at least three rejections from the Big Tech player.Shortly after, Twitter co-founder and Nostr contributor Jack Dorsey shared the news with his 6.5 million followers, with the entrepreneur labeling it as a “milestone” moment for open-source protocols:a milestone for open protocols…#nostr is now officially on the Apple App Store with @damusapp:https://t.co/GQmvPE5nfX— jack (@jack) January 31, 2023 The app dubs itself the “social network you control” and is a messaging service built on Nostr — a decentralized network enabling encrypted end-to-end private messaging, among other things. It plans to become a social media platform with uncensored content. It also has built-in payments through the Bitcoin (BTC) layer-2 Lightning Network, according to a Jan. 27 post from Protos.No servers run the network. Instead, Nostr utilizes decentralized relays to distribute messages. Nostr developers are also focused on using Bitcoin and the Lightning Network to prevent distributed denial-of-service spam attacks on the Damus app.The Damus user interface displayed on an iPhone. Source: GitHubThere have been 44 different software developers who have contributed to the code for the Damus web app, according to the team’s GitHub…Read More
- Cointelegraph.com News - 1 February 2023, 6:01 am
After a bullish 2021, crypto miners sought loans to expand, which backfired following difficult market conditions in 2022. The holding company for the crypto-friendly bank, BankProv, has revealed it is no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022.According to a Jan. 31 filing with the United States Securities and Exchange Commission (SEC), BankProv has nearly halved the proportion of its digital asset portfolio consisting of rig-collateralized debt since Sep. 30, 2022.The bank held $41.2 million in digital asset-related loans as of Dec. 30 last year, consisting of $26.7 million worth of loans collateralized by crypto mining rigs, which “will continue to decline as the Bank is no longer originating this type of loan.” The crypto mining industry has taken on huge amounts of debt during the 2021 bull market, often offering up mining rigs they own as collateral in order to lower their interest rates.Liabilities of the top ten publicly listed crypto mining firms according to recent financial statements. Source: Luxor TechnologiesThe subsequent bear market starting in 2022 resulted in tough conditions for miners, and many were forced to sell the Bitcoin (BTC) mining rigs they owned to cover operating costs, causing mining hardware prices to plummet.Related: Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17MDespite the falling prices, some banks that had issued mining rig-collateralized debt were forced to repossess some of the miners…Read More
- Bitcoin News - 1 February 2023, 5:30 am
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s […]Read More
- Bitcoin News - 1 February 2023, 3:30 am
Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment losses resulting from changes in the prices of bitcoin. Tesla’s Digital Assets […]Read More
- Bitcoin News - 1 February 2023, 1:30 am
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said. […]Read More