By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company's native token. Many of Zhao's followers expressed skepticism when he recounted an "interesting interaction" he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars...
In the last few days, bitcoin bulls have been working really hard to put together a significant rally. Unfortunately, every attempt to bounce back has been met by a selling wall. Consequently, the king of cryptocurrencies is now close to breaking support of $9,000. What’s positive about a weakening bitcoin is that it gives badly beaten altcoins the opportunity to recoup losses. On top of that...
It’s no secret that the Bitcoin price is gaining and gaining, but other coins up near the top have seen corrections as a result. Some coins automatically increase in value if they’re mostly traded against BTC. Crypto Markets Auto-Correcting? If traders feel uncomfortable with these new values, they can trade these downwards, which is precisely what’s happened in at least the following five top...
By CCN: Gaining an eye-popping 135%, bitcoin has smoked even the most impressive U.S. stocks this year. Even if you take the top performers from the Dow Jones Industrial Average, S&P 500, and Nasdaq – which are Cisco Systems (CSCO), Xerox (XRX), and Beyond Meat (BYND), respectively – they can’t touch BTC/USD for returns. Here are the charts to prove it. Dow’s Best Stock Can’t Touch Bitcoin in...
By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless...
By CCN: Just when you thought the crypto market had no room for another stablecoin, the head of the largest crypto exchange hinted that he might be making room. Binance CEO Changpeng "CZ" Zhao didn't flat out promise a Binance stablecoin, but he was close. A follower on Twitter suggested that if Binance were to issue a stablecoin, it would bolster the use case for BNB, using other projects as a...
By CCN.com: Binance Coin (BNB) is the best performing crypto asset in the global market with the exception of cryptocurrencies that launched in 2019. According to OnChainFX, BNB was the only crypto asset to achieve an all-time high this year since 2017 and it is down about 9 percent from its record high. In contrast, bitcoin, which has performed relatively well throughout the past year, is down...