Latest news with #Binance
Gulf Insider
2 hours ago
- Business
- Gulf Insider
How to Set Up a Crypto Inheritance Plan
A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether and NFTs unrecoverable. A strong inheritance plan includes asset inventories, secure access instructions and a trusted executor, ensuring heirs can safely and legally access holdings. Privacy must be protected using encrypted files, sealed documents or decentralized identity tools rather than exposing sensitive details in public wills. Balancing custodial and non-custodial solutions helps secure assets while simplifying transfers, avoiding mistakes like storing everything on exchanges or sharing keys insecurely. If you hold digital currencies like Bitcoin BTC$118,426 and Ether ETH$3,692, it is essential that you create a clear and well-thought-out inheritance plan to prevent your crypto from going down the drain once you are not around. Unlike traditional bank accounts, cryptocurrencies are controlled entirely by private keys and seed phrases (regardless of whether they're stored in hot or cold wallets), and losing these keys means the assets become permanently unrecoverable. Each year, cryptocurrency worth millions of dollars is lost due to forgotten passwords, misplaced wallets or heirs unsure how to proceed with crypto assets. Traditional wills often fail to adequately address digital assets, resulting in possible legal complications or permanent loss. A carefully designed crypto inheritance plan addresses these challenges, ensuring your assets remain secure and accessible to your beneficiaries as you intend. This article discusses what makes it imperative for you to have a crypto inheritance plan, components of such a plan, ways to protect privacy while planning, crypto death protocols and a lot more. If you own cryptocurrency, creating a crypto inheritance plan is essential. Unlike traditional bank accounts, cryptocurrencies are often self-custodied, meaning only you hold the private keys or seed phrases. If you pass away without sharing this information, your assets could be lost forever. A digital asset will ensure proper sharing of altcoins and Bitcoin private keys after death. Around 1.57 million Bitcoin are likely lost, which is approximately 7.5% of the total supply of Bitcoin (it has a fixed upper limit of 21 million BTC). Traditional wills often fail to address cryptocurrency-related requirements, and heirs may lack the technical skills to access or manage digital wallets. Also read: Binance Launches World's First Sharia-compliant Multi-token Cryptocurrency Staking Platform
Yahoo
7 hours ago
- Business
- Yahoo
BONK Climbs 4% After Binance Reclassification. Then Dips on Profit-Taking
BONK delivered a strong intraday performance on July 21, rising 4% to a high of $0.000037 before late profit-taking pulled the price back to $0.00003492, ending the 24-hour window with a +1.3% gain. The Solana-based meme token benefited from renewed investor confidence following Binance's removal of BONK's 'Seed Tag,' a label typically applied to higher-risk projects. The upgrade, announced on July 21, aligns BONK with more established tokens, reducing perceived regulatory risk and opening the door to greater institutional participation. The news helped drive BONK's explosive advance between 06:00 and 13:00 UTC, with volume soaring to 3.19 trillion tokens and price breaking upward from $0.000034 to test the $0.000037 resistance zone, according to CoinDesk's technical analysis data. Technically, BONK traded in a $0.000045 intraday range, reflecting 14% volatility from trough to peak. The advance was marked by persistently higher lows and strong accumulation below $0.000035, but a clear ceiling formed at $0.000037, where distribution began to outpace demand, according to the model. BONK thereafter fell 2% from $0.000036 to $0.000035. The 15:32 UTC candle alone saw 73 billion tokens traded, indicating profit taking near session highs. Despite the pullback, BONK's structural resilience and the positive reclassification signal by Binance suggest strong underlying sentiment. Traders now look to see if the $0.000035 support zone holds, which could lay the groundwork for another breakout attempt should volume return, the model showed. Technical Analysis Highlights BONK traded in a wide $0.000045 range with peak volatility of 14%. Price rallied from $0.000034 to $0.000037 between 06:00–13:00 UTC. Session high at $0.000037 faced resistance with volume peaking at 3.19T tokens. Binance removed BONK's Seed Tag, improving institutional perception. Price dropped 2% in final hour from $0.000036 to $0.000035 on elevated sell volume. 73B tokens traded at 15:32 UTC marked the session's heaviest profit-taking. Support now seen at $0.0000345–$0.000035 ahead of next directional move. Current price: $0.00003492, up 1.3% over the 24-hour period. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Business
- Yahoo
BONK Holds Key Support as Volatility Grips Market
BONK traded in a wide 8% range from $0.0000328 to $0.0000358 between July 21 and July 22, ultimately falling 4% lower at $0.00003494. Despite the decline, the Solana-based meme token demonstrated resilience by defending key support at the $0.000033 level, where heavy trading volume signaled strong buyer interest. A sharp rally saw BONK briefly spike to its daily high before retreating on profit-taking, as more than 100 billion tokens changed hands. Investor sentiment was shaped by several developments, including a $11.4 million BONK transfer to Binance by Galaxy Digital after building a $30 million position, and Binance's removal of its 'Seed Tag' risk label on BONK - an indicator of increasing institutional confidence. The BonkFun platform also continued to lead the memecoin launchpad sector, generating $19.3 million in fees for the second consecutive week. While short-term volatility remains elevated, the ability to maintain key technical support levels suggests underlying strength in BONK's market structure as it navigates renewed interest from both retail and institutional participants. Technical Analysis Trading range: $0.000029 representing 8 per cent spread between high and low prices. Robust support level established at $0.000033 with elevated buying interest. Volume spikes exceeding 100 billion tokens during key support tests. Recovery momentum from $0.000034 to $0.000036 peak. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
9 hours ago
- Business
- Yahoo
Kraken to Support Biotech Firm Windtree's $200M BNB Treasury Play
Nasdaq-listed biotech firm Windtree Therapeutics has entered into a strategic partnership with crypto exchange Kraken to manage its BNB-focused crypto treasury program, the companies announced Tuesday. The deal will see Kraken handle custody, trading and over-the-counter (OTC) execution of BNB assets for Windtree. So far $60 million has been raised, and another $140 million could be on the cards for the BNB treasury strategy, so potentially a $200 million deal, a Kraken representative said via email. Crypto treasury plays are all rage right now. Windtree says this is the first treasury strategy focused on BNB, the native asset of the Binance Smart Chain. BNB currently ranks among the top five cryptocurrencies by market cap and sees over $2 billion in daily trading volume. Kraken, which serves both institutional and retail clients, will offer Windtree access to secure wallets, deep liquidity, and large-scale execution services. 'We're enabling them to navigate the Binance ecosystem with confidence,' said David Olsson, Kraken's global head of institutional client solutions. BNB is used to pay fees and interact with applications on Binance Smart Chain, which hosts thousands of decentralized apps. By using Kraken's infrastructure, Windtree aims to create a pipeline between traditional shareholders and a DeFi ecosystem that's typically out of reach for U.S. investors. The final agreement will be signed following shareholder and regulatory approval. Sign in to access your portfolio
Techday NZ
9 hours ago
- Business
- Techday NZ
Binance names Matt Poblocki General Manager for Australia & NZ
Binance has appointed Matt Poblocki as General Manager for its operations in Australia and New Zealand. Poblocki brings nearly 20 years of experience in fintech, regulatory, and commercial business strategy to the role, having previously held senior executive positions at well-known digital businesses including PayPal, Afterpay, and eBay, as well as working with start-ups and scale-ups in various international markets. With over one million users in Australia and recent figures suggesting nearly one in three Australians have at some point owned cryptocurrency, the country has established itself as one of the most developed and regulation-forward digital asset markets worldwide. The decision to appoint Poblocki is seen as a step to further Binance's growth ambitions in the region. Few markets are as digitally capable and commercially dynamic as Australia. With a strong ecosystem, a progressive policy environment, and millions of Australians already engaging with crypto, we have a real opportunity to lead responsibly on the global stage," said Mr Poblocki. Poblocki said that both Australia and New Zealand are globally recognised for their rapid adoption of technological innovation. "Australia and New Zealand are renowned globally as early and fast adopters of innovative technology. This next wave of Web3 and blockchain is well and truly upon us. I'm excited to help shape the next chapter of growth and innovation for digital assets in Australia and New Zealand, and energised by the opportunity to pair Binance's global expertise with local momentum to build a trusted future for crypto in our region," he said. Poblocki previously held an executive leadership role with eBay and was influential in PayPal's early development and expansion. At PayPal, he oversaw legal affairs in Australia and New Zealand, later progressing to international regulatory and legal responsibilities across 170 markets from the Singapore headquarters. Poblocki then joined Afterpay, working on expansion plans across Asia, and has since co-founded start-ups and advised on the international growth of Australian and overseas scale-ups. Throughout his career, Poblocki has worked closely with government and regulatory bodies, including APRA, RBA, AUSTRAC, and ACCC, providing him with both commercial and regulatory expertise. Addressing Binance's future direction in Australia and New Zealand, Poblocki said: Our next chapter will be about showing what responsible growth really looks like. That means combining commercial strategy and innovative product offerings with proactive engagement with regulators, robust compliance, and supporting everyday Australians with safe access to the digital asset economy. Regulation and innovation don't have to be at odds. In fact, they must go hand in hand if we want to build a future that all Australians want to be part of. Richard Teng, Chief Executive Officer of Binance, welcomed Poblocki's appointment. "Matt brings an exceptional track record of scaling some of the most recognisable fintech brands across complex, highly regulated markets," Teng said. "He brings a unique ability to connect governance leadership with commercial strategy. His appointment reinforces our commitment to the Australian and New Zealand markets and to building a sustainable digital asset ecosystem for the long term." Poblocki's combination of legal, regulatory, and commercial acumen is expected to play a role as the digital asset market in Australia and New Zealand continues to evolve and as regulatory standards mature further in the coming years. Follow us on: Share on:
