Binance Coin (BNB) Price Jumps Sharply After Testnet Release

Binance Coin (BNB) increased significantly on Wednesday and is making it sixth attempt at breaking out from a bullish short-term pattern. The post Binance Coin (BNB) Price Jumps Sharply After Testnet Release appeared first on BeInCrypto.

Timeline of Bnb

Binance's layer one BNB Chain has announced the launch of its zero-knowledge proof scaling technology zkBNB. The post BNB Chain announces zero-knowledge proof scaling technology appeared first on The Block.

Binance Coin (CRYPTO: BNB) was rebounding almost 3% during Wednesday's 24-hour trading session, more in tandem with the S&P 500 than Bitcoin (CRYPTO: BTC). Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) were also enjoying a strong recovery, with the former spiking up over 5% and the latter trading over 2% higher.

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Shiba Inu (SHIB) and Binance Coin (BNB) have their respective systems for burning tokens. These systems are designed to keep the supply of tokens under the desired threshold to help maintain the value of their respective tokens.

Binance Coin is looking to retest and push its limits to surpass the $300 mark to tap on liquidity. Binance Coin sets eyes on $316 BNB price currently trades at $278.40 Resistance spotted at $287 to $295 range Bitcoin has encountered intense selling pressure that triggered its dip to $19.5k and retesting the $20.4k zone for liquidity.

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Binance, the world's largest cryptocurrency exchange by volume, has announced the launch of perpetual contracts for its fan token index. The post Binance to Launch Football Fan Token Futures Index, Just in Time for World Cup appeared first on BeInCrypto.

If you thought Binance's BNB smart chain was fast, then you are in for a pleasant surprise. The network just received an important upgrade that will boost its speed and efficiency.

With the current bear market, cryptocurrency projects have significantly declined their token prices. For example, Bitcoin (BTC) and Ethereum (ETH) lost around 60-70% of their market cap, while the other tokens in the cryptocurrency market have shared similar fates.