Record $113M BUSD stablecoin inflow shows Binance is serious about DeFi

New data from CryptoQuant, an on-chain analytics firm, shows $113 million worth of Binance USD (BUSD) has flowed into Binance exchange over the past week. This means BUSD stablecoin now has the highest potential buying power over all other USD-based stablecoins except for Tether (USDT). BUSD inflow to Binance. Source: CryptoQuant Binance’s new USD-backed stablecoin is ERC-20-based and was launched in 2019 in partnership with Paxos. Since then, BUSD has steadily been gaining traction as its volume increased and recently surpassed that of USD Coin (USDC) on Sept. 4.   Main…

Binance US on track to launch in all 50 states by 2021

New legislation may make it possible for Binance US, the American branch of crypto exchange Binance, to open its doors to all traders in every state by next year. According to a Sept. 15 tweet from Binance U.S. CEO Catherine Coley, the digital asset marketplace has just launched in Georgia, allowing users to buy, trade, and earn digital assets. Thrilled @BinanceUS launches in Georgia today – our 40th state! Atlanta means so much to me, a 1996 @kerristrug96 fangirl obsessed with the Olympics. What can I say, we’ve come a…

Bullish Case For Bitcoin: Profit Taking Turns Into Buying The Blood

Bitcoin price recently saw a $2,000 correction after months straight of surging. At the start of the selloff, signs pointed to profit-taking as the primary reason for the pullback. However, after greed turned to fear, big-money investors have begun buying the blood right out from under investors who are panic-selling the cryptocurrency at a loss. Here’s why this is incredibly bullish for Bitcoin and what this could mean for a new uptrend taking hold. Bitcoin Whales Buy The Blood As Small Time Investors Panic Sell At a Loss The crypto…