Morocco Earthquake Relief: Binance's $3 Million BNB Aid Effort To The Rescue

In a compassionate response to the recent earthquake disaster in Morocco, Binance Charity, the charitable arm of cryptocurrency exchange Binance, has announced a substantial aid effort aimed at providing relief to the affected populace.

Timeline of Bnb

It took one year for Binance's crypto-to-fiat processing unit Bifinity, a Lithuanian-headquartered company, to jump into the top five country taxpayers. Bifinity UAB paid over $45 million in taxes excluding VAT in 2022.

In the last two months, the Binance Coin price has displayed a correction trend. The coin price trajectory has evolved into a falling wedge pattern, characterized by its declining peaks and troughs confined within two converging trend lines.

BNB Chain has announced the winners of its Ecosystem Catalyst Awards, recognizing key blockchain contributors in four categories: PancakeSwap, MAV Protocol, Izumi Finance, Helio Money, and Alpaca Finance, with the aim of driving innovation and collaboration.

A widely followed crypto trader is warning that Binance Coin (BNB) is on the verge of collapsing against Bitcoin (BTC). Bluntz tells his 224,500 followers on the social media platform X that the BNB/BTC trading pair has formed a bearish swing failure pattern (SFP).

As Binance Coin (BNB) grapples with a turbulent market, its recent struggles have highlighted a decline in network activity, fueling a lack of buying pressure. The latest roadblock at the formidable $225 resistance level has compounded the altcoin's long-term bearish bias, casting a shadow over its prospects in the crypto landscape.

BNB surged this afternoon, as markets reacted to the news a court in the United States was siding with Grayscale in its case with the Securities and Exchange Commission (SEC). The court said the SEC was wrong to deny Grayscale permission to migrate its bitcoin product into an ETF.

On August 29, it was revealed that Backed will be expanding its native token issuance to include the BNB Smart Chain (BSC) in order to reach more consumers and give them additional alternatives for the blockchain that best meets their requirements.

In response to mounting speculation and accusations circulating within the crypto community, Binance CEO Changpeng Zhao (CZ) has addressed allegations of a significant sell-off of Bitcoin (BTC) by Binance. These allegations have been linked to a 7% BTC price drop.

Binance is in the news again and this time Mastercard decided to move away from the exchange. This news came in as BNB tried to stay away from the bears considering its price action that could be moving towards a bearish zone.

In an X post, Santiment has shared how the two topics: Binance and BNB are the most trending in the market. Members of the cryptocurrency community suspect that the Binance CEO, Changpeng Zhao has been selling the Binance Bitcoin to help the BNB stay afloat.