How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?
Data shows traders have mixed emotions about BNB’s future given Binance’s regulatory troubles and new mandatory KYC policy. Binance Coin (BNB) rallied 30% in two weeks, but the fourth largest cryptocurrency by market capitalization seems to be struggling to break the $450 resistance. Coincidently, this is the same top from June 3, which was followed by a 48% correction down to $225.Given the similarity of the situation when compared to previous instances, investors have reasons to doubt the recent performance, especially as Solana (SOL), a competing smart contract platform, reached an....
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The FTX-Binance troubles have continued and there has been a profound impact on the crypto market during this time. While Binance looks to be holding up quite nicely through all of this, the same cannot be said for the FTX crypto exchange. Over the last 48 hours, the exchange’s woes have been climbing as users […]
Binance coin price is up over 50% and it is outperforming bitcoin against the USDT. BNB rallied above USD 100 and USD 125, and it is likely to continue higher. Binance coin price is gaining bullish momentum above the $120 level against the USDT. The price is up over 50% and it traded to a […]
Binance’s regulatory troubles continue with Lithuania being the latest country to issue a warning about the cryptocurrency exchange. Lithuania’s announcement came one day after Italy issued a similar warning. Lithuania Warns Binance Lithuania’s central bank announced Friday that it has issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania. The central bank also “ordered the company to ensure that its publicly available information is not misleading.” The central bank explained that it has assessed publicly available....