![]() ![]() The current price of Bitcoin is 26,725, with a trading volume exceeding 10 billion (12.7 billion, to be precise) in the past 24 hours. ![]() Bitcoin Trading Volume Surge Above 10 Billion. Here again, you can interpret this either as a company in distress-or one that is highly tuned to operate in bull and bear markets alike. 2 days ago &0183 &32 The news of the lawsuit had a significant impact on the cryptocurrency market, with Bitcoin and Binances BNB token experiencing notable price drops. ![]() Zhao added that Binance has long had a “bottom out” program to nudge out poor performers and that such shake-ups were part of a larger commitment to efficiency that has helped the firm stay profitable even during two Crypto Winters. The coins were sold in the first week of the ICO in July 2017 at a price of 2,700 BNB for 1. The rosier view is that the company is developing relationships with the traditional sector that will increase customer confidence in Binance and attract more big clients over time.įinally, on Wednesday, came reports that Binance was laying off 20% of its 8,000-person workforce-a claim the company denied, insisting that any departures simply represented a shuffling of talent. Binance originally created the tokens in order to raise capital through an initial coin offering (ICO). Those bearish on Binance can point to this development as a signal that institutions don’t trust the company to hold their money. Then there is the report this week that Binance may soon allow institutional clients to post collateral with banks rather than on the exchange itself-a move that would increase the company’s expenses and undercut its margins. ![]()
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