Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000. According to new data from blockchain tracking platform Coinglass, during the last 24 hours, the top crypto asset by market cap has seen just over $131 million worth of short […]
The post Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $37,000 appeared first on The Daily Hodl.
Hundreds of millions of dollars worth of crypto assets have been liquidated during the last day as the king crypto dips below the $26,000 level. New data from market intelligence firm Coinglass reveals the extent of the liquidations, the majority of them coming from crypto exchange platforms such as OKX, Binance, and ByBit, which saw […]
The post Over $127,000,000 in Crypto Assets Liquidated in the Past 24 Hours As Bitcoin Plummets Below $26,000 appeared first on The Daily Hodl.
Short sellers are getting slammed by hundreds of millions of dollars worth of liquidations as the crypto markets rally due to XRP receiving a favorable ruling for crypto traders. New data from market intelligence firm Coinglass reveals that during the last 24 hours, $218 million worth of digital assets were liquidated from prominent crypto exchange […]
The post $218,000,000 in Liquidations Hits Short Sellers in 24 Hours As Crypto Market Rallies After Favorable XRP Ruling appeared first on The Daily Hodl.
Hundreds of millions of dollars worth of crypto assets have been liquidated in the last 24 hours as Bitcoin (BTC) suddenly dips from its 2023 high. New data from market intelligence firm Coinglass reveals that during the last day, just under $140,000,000 worth of digital assets were liquidated from prominent crypto exchange platforms as the […]
The post Over $140,000,000 in Crypto Liquidated As Bitcoin Abruptly Retraces New 2023 High appeared first on The Daily Hodl.
Over $1.5 billion worth of Bitcoin (BTC) has flowed into the world’s largest crypto exchange platform by volume in the last 30 days. New on-chain data from market intelligence platform Coinglass reveals that Binance currently holds 588,129 Bitcoin at time of writing, 51,386 of which came in just this month. Coinglass further finds that 22,590 […]
The post $1,505,416,204 in Bitcoin (BTC) Flows Into Binance Crypto Exchange in Just 30 Days: On-Chain Data appeared first on The Daily Hodl.
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the […]
Hundreds of millions of dollars in Bitcoin (BTC) and other cryptocurrencies were liquidated from the markets after the Federal Reserve raised interest rates. According to data from market intelligence firm Coinglass, in the past 24 hours, $359 million in crypto was sold off. The liquidation was likely caused by the Federal Reserve raising interest rates […]
The post $359,000,000 in Bitcoin and Crypto Liquidated in Just 24 Hours As BTC Reclaims $28,000 appeared first on The Daily Hodl.
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on […]
Hundreds of millions of dollars worth of digital assets are being liquidated from the global markets after a prominent auditing firm announced the halting of all work for crypto clients. According to a new report, Mazars, a French auditing firm that was hired by the world’s largest crypto exchange Binance last month, is pausing its […]
The post Over $135,000,000 in Crypto Liquidated Amid Global Market Fears and Auditor’s Crypto Exit appeared first on The Daily Hodl.
Binance’s US arm has rolled out a feature for US customers called "Pay" which was launched by its global parent to users outside the US in 2021.
United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021.
The service, which had a beta version rolled out globally in Feb. 2021 for peer-to-peer payments which was expanded to include merchant transactions on Mar. 12, allows mobile users of the Binance app to instantly transact nearly 150 supported cryptocurrencies without fees.
A Dec.13 blog post from Binance US clarifies that Pay transactions will feature zero gas or transaction fees, and notes that the app is currently only available on mobile as it prepares to introduce a web version “which will arrive in the near future.”
Meanwhile, amid the recent FUD against Binance global, Binance CEO Changpeng Zhao (CZ) applauded the Binance American unit, saying to “Keep building!”
Keep building!
— CZ Binance (@cz_binance) December 13, 2022
To access the new features, Binance.US users would need to update to the latest version of the app, and go through identity verification as well as loading their Pay wallet.
However, the service only facilitates transactions between users on the Binance US mobile app. Users can receive up to $1 million in crypto every 24 hours.
Related: Crypto community members discuss bank run on Binance
The latest announcement has come amid a turbulent period for the global crypto exchange.
At the time of writing Binance’s Bitcoin (BTC) balance has fallen by over 42,000 in the last 24 hours, equating to over $754 million, but despite the withdrawals the exchange still has a Bitcoin balance in excess of 527,304 BTC according to on-chain monitoring resource Coinglass.
The withdrawals are understood to have followed a Dec. 13 Reuters report which suggested the United States Department of Justice is nearing the end of an investigation into Binance which commenced in 2018, with U.S. prosecutors reportedly split over whether there is enough evidence to press criminal charges against the exchange and its executives.
Additionally, there have also been fresh concerns within the crypto community relating to Binance’s finances, with accounting and financial specialists consulted by the Wall Street Journal in a Dec. 10 report suggesting Binance’s proof of reserves raise a number of red flags while community members fear the worst.
In a Dec. 14 update on Twitter, CZ noted that “Things seem to have stabilized,” adding that the withdrawals yesterday weren't even within the top five withdrawals they’ve processed in its history.
Things seem to have stabilized. Yesterday was not the highest withdrawals we processed, not even top 5. We processed more during LUNA or FTX crashes. Now deposits are coming back in. ♂️ https://t.co/WLK2KyCym0
— CZ Binance (@cz_binance) December 14, 2022
