Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?

Binance yesterday completed its eighth quarterly “burn” of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng “CZ” Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth […]

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Binance’s BNB Token Hits All-Time High in Bitcoin Value

Binance Coin (BNB), the token issued by the world’s largest cryptocurrency exchange by trade volume Binance, has extended its recent gains to set a new all-time high in bitcoin-denominated value. At press time, BNB is trading at 0.002619 BTC ($9.60) but previously reached 0.002688 at 10:00 UTC Monday – the cryptocurrency’s highest price in its […]

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