Binance.US has announced that it will begin processing account registration applications and accepting cryptocurrency deposits from Sep. 18 at 8 am EDT. After users have signed up and selected their desired tier of verification, they will be able to deposit bitcoin (BTC), ethereum, (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), and tether (USDT) to their wallets. The exchange also...
Binance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency exchange giant Binance a total of $40 million. Four months later, it appears that everyone has forgotten about the security breach. Binance is just as popular as ever, and its proprietary crypto token rallied to its 2019 high of $39.59 only one month after...
Binance and BitMEX shared a social media bro hug after the latter publicly accused its fellow cryptocurrency exchange of plagiarizing documentation featured in its recently-launched crypto derivatives testnet. On Wednesday, the BitMEX Twitter account ribbed Binance over its testnet launch, highlighting apparent plagiarism in the two platforms’ documentation. Congrats on the Testnet Futures...
The peanut gallery went wild, taking every opportunity to eat projects alive as their market caps slid into the red throughout 2018. This consistent downtrend in sentiment led to even greater bleeding. Now IEOs from Binance Launchpad seem to be experiencing a similar downtrend. The graphs seem to mirror charts from numerous ICOs from the last two years. Some examples include Everex (EVX), Salt...
By CCN Markets: Binance has announced today its Venus stablecoin project that many deem as a competitor to Facebook’s upcoming Libra crypto. But Binance CEO Changpeng “CZ” Zhao thinks otherwise. Venus, the regional Libra While Facebook seeks to conquer the global financial world with Libra, Binance wants Venus to stay in the regional waters instead, the company said in a blog...
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...
On a relatively muted Thursday for the cryptocurrency market, one coin is a clear outlier: binance coin (BNB). While bitcoin ekes out a small 2 percent rise, binance coin is up almost 11 percent in the last 24 hours. The move comes despite hackers claiming to have obtained personal data from the Binance exchange. Binance Coin up 11% BNB is the biggest mover on the cryptocurrency market today...
Binance is currently running interference against what it views as a “fear, uncertainty, and doubt” campaign against the Bitcoin exchange giant. The objective of its perceived attackers seems to be making Binance users believe that their know-your-customer or private information is not private at all. The Alleged Leak That Won’t Go Away Rumors of a Binance KYC leak began circulating in...
While Coinbase is still the place many Americans go for their first cryptocurrency purchase, another crypto exchange has them backpedalling. As the Malta-based exchange Binance continues its rise to the top, Coinbase is making moves to ensure they don’t become “Yahoo!” to Binance’s “Google.” The San Francisco-based platform just announced that they’re looking to add eight new coins to their...
Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven assets, after Trump’s latest tariff storm. Will the trade war continue to be a catalyst for Bitcoin price...
Binance has published a report today, in which the crypto exchange revealed the market insights of its largest institutional and VIP clients. As a result, the participants of the research believe regulation is both a big risk and a key growth driver for the crypto industry. Regulation and ETFs > Libra and JPM Coin In its Q2 2019 report named “Institutional Market Insights”, Binance...
Dogecoin (DOGE) first gained attention in crypto when Jackson Palmer, a computer programmer, posted the now infamous Shiba Inu dog with the comment, “Pretty sure it’s the next big thing.” The post went viral and caught the eye of programmer Billy Markus who had been working on his own cryptocurrency. Thinking dogecoin could be more than a joke, he teamed up with Palmer to develop the dogecoin...
Binance yesterday completed its eighth quarterly “burn” of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng “CZ” Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth of the ecosystem...
Binance, the world’s largest cryptocurrency exchange by trading volume, has officially launched a margin trading platform. After strong demand from traders, the Binance 2.0 platform will allow users to leverage their trades across six digital assets: Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). #Binance Launches Margin Trading service for Evolving...
You learn ten-times more about a market when it goes down than when it goes up. And during yesterday’s 10 percent bitcoin crash, we learnt something important. We learnt which altcoins stay strong in a crypto selloff. A very small group of altcoins outperformed bitcoin during yesterday’s selloff: BNB, Chainlink, and Leo. It’s the first sign that some alts are decoupling from bitcoin in a...
Users of long-time Coinbase competitor CEX.io will have gotten an e-mail today informing them of the exchange’s decision to open a U.S. entity. It’s official! has received a Money Transmitter License in 9 more states: Iowa, Kansas, New Mexico, Oklahoma, South Dakota, West Virginia, Maryland, Alaska, and New Hampshire.Welcome to secure and regulated #crypto trading! pic.twitter.com/xqxe0vq3mP...
Binance.you-name-it is currently a domain with a purpose. There’s Binance.com, as well as Binance Jersey- and soon there will be Binance US. Then there are the Bitcoin exchange’s many projects, including Binance Research and Binance Charity. Binance.charity launched a new effort this week with an initial goal of tackling “period poverty.” The project is simple enough. In...
After two years as head of XRP institutional liquidity at Ripple, Catherine Coley is moving to greener pastures. Coley was named CEO at BAM Trading Service at Binance U.S., according to her LinkedIn profile. Her experience with both one of the largest cryptocurrencies, XRP, and institutional investors should serve her well in this high-profile role in which she will seemingly oversee the trading...
Binance will add leveraged futures trading to its cryptocurrency exchange platform within weeks. That’s according to a keynote speech delivered by CEO Changpeng Zhao at the Asia Blockchain Summit on Tuesday. The new feature will allow users to open long and short positions on bitcoin’s price movements with up to 20x leverage. The market for bitcoin derivatives and leveraged trading is clearly...
Speaking with Finance Magnates, Binance strategy officer Gin Chao said the world’s largest cryptocurrency exchange “would probably want to list” Facebook’s Libra coin on its marketplace. Chao said that Binance has been in talks with Facebook about the potential listing. Though he said discussion is, “very much at a preliminary stage.” The revelation is some...
By CCN Markets: A vulnerability allowing for remote code execution (unauthorized use) in Firefox was exploited against Coinbase employees this past week. The vulnerability enabled an attacker to crash the browser and execute code, including installing a trojan horse backdoor. It’s unknown how long this bug operated in the wild, but accurate estimates would give it at least two weeks. No Coinbase...
By CCN Markets: Ah, Binance. Many of us remember the original idea. Plenty of us decided to pass on the ICO, which has provided some of the highest returns of any investment in recent times. ICO To King of Crypto There were plenty of good reasons to pass on the ICO. The only stated purpose of the token at the time was that it would give you a discount on trading. There was no reason to believe...
By CCN: It’s unpopular to say this in some sectors, but it can be brilliant to invest in altcoins. If you’d bought up a ton of Binance Coin when it was first offered, for example, you’d have made your investment back plus many hundreds of percent by now. This can be the same for upcoming IEOs as it was during the ICO boom. Functionally, the only difference is the backing of the exchanges...
By CCN: There’s a new fundraising sheriff in town in the maturing cryptocurrency space. While initial coin offerings (ICOs) were all the rage during the last bitcoin bull run, initial exchange offerings, or IEOs, have muscled them out of the way. If it weren’t IEOs, the market would have likely found another mechanism, but these appear to be the deal of choice for now. Funds that...
By CCN: According to Wei Zhou, the chief financial officer at Binance, the most widely utilized crypto asset trading platform in the global market, the exchange is planning to issue a stablecoin in the upcoming months, possibly to compete against Tether. Speaking to CCN, Zhou stated: “Our business decisions are made with our users in mind. The goal for issuing a GBP stablecoin is to provide users...
By CCN: Ethereum wunderkind Vitalik Buterin maintained his hardline stance on Bitcoin SV in a recent interview, calling Craig Wright’s cryptocurrency a “complete scam.” Speaking with YouTuber Hardcore Crypto, Buterin left little room for interpretation regarding his thoughts on BSV. The Ethereum co-founder also gave his thoughts on decentralized exchanges and the worryingly centralized...
By CCN: Binance CEO Changpeng Zhao let the cat out of the bag on Twitter late last night: Binance is launching its own stablecoin. Binance’s Last Mile: Its Own Liquidity Market? A user hoped to see a true stablecoin, pointing out that all of the existing options were down at least 2%. CZ responded that the exchange is currently in “testing” phases for its stablecoin product. Fact is, when...
By CCN: It appears that Justin Sun’s Crypto Avengers are going to be short one hero. Binance CEO Changpeng Zhao (CZ) has turned down the enthusiastic Tron creator’s offer of attending his $4.5 million lunch with Bitcoin hating Warren Buffett. Bitcoin Evangelist Is Keen to Meet Warren Buffett It is undeniably a blow for Justin Sun that the CEO of the world’s largest...
By CCN: Monero recently hard-forked once again to stave off ASIC miners, who take over the network after a time and are disliked by the Monero community. Monero would prefer to be a CPU and at-most GPU coin, which is mined by the people who use it. Binance discusses Monero’s moves in a new report released over the weekend. Binance noted that there were some negative consequences associated with...
By CCN: A rumor that crypto exchange giant Binance had barred users from the United States and 28 other countries from accessing its decentralized exchange (DEX) has had Crypto Twitter in a tizzy. As is often the case with rumors, the truth is a bit more complicated – and a lot less tantalizing. Speaking to CCN, Binance CEO Changpeng Zhao debunked the hysteria. He explained that the...
By CCN: Bitcoin SV (BSV) gained 67% in value in just a few hours on Wednesday, coinciding with the spread of fake news regarding its imminent re-listing on Binance. Chinese investors may have been hit hard after a doctored WeChat screenshot was circulated around the country’s “crypto media.” That’s according to VC and analyst, Dovey Wan, who spotted the fake post and offered a...
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: Cryptocurrency exchange Binance has given followers a peek into its margin trading screen, and its native cryptocurrency BNB surged as much as 10% in response. Speculation about Binance’s expansion into margin trading has been swirling for a while. True to the company’s style, they took to Twitter to reveal a screenshot of the upcoming margin trading user interface, posing the...
By CCN: Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, Zhao claims Sequoia Capital China prevented him from raising capital between Dec. 27, 2017 and March 1, 2018 at the height of the bitcoin bull...
By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it. Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended...
By CCN: The cryptocurrency market has been awash in bearish sentiment on Monday, with Bitcoin failing to maintain the $8,000 mark and most of the other top 20 coins moving in a sideways or downward trend. Nonetheless, one lesser-known crypto token isn’t intimidated by the market gloom, and it took advantage of one concrete announcement and one wild rumor to surge more than 75% in a single day...
By CCN: Binance CEO Changpeng “CZ” Zhao in a tweet on Sunday congratulated Binance Launchpad projects for their spectacular returns. Projects that went through @binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ — CZ Binance (@cz_binance) May 19, 2019 Meanwhile, Binance Coin (BNB) has been climbing higher, rising approximately 40% since the hack in which 7,000 bitcoins were...
By CCN: The recent Binance hack was a rude wake-up call to the entire crypto community. Some 7,000 bitcoins worth more than $40 million were taken from the centralized exchange. While crypto exchange hacks are nothing new, the Binance security breach was particularly shocking because the platform managed to attain a high level of confidence from the community. The saying “not your keys, not your...
By CCN: Blockstream CEO Adam Back told the What Bitcoin Did podcast that the block reshuffling proposed by Binance CEO Changpeng Zhao would raise “geopolitical issues” had it been attempted. Accept That Bitcoin Is Final Back explained why the idea of a chain reorganization as a means to punish hackers or rescue lost bitcoins is a terrible idea. “You just have to accept that Bitcoin is final...
By CCN: The world’s largest crypto exchange Binance, which temporarily paused deposits and withdrawals following its high profile hack that resulted in the loss of around $49 million worth of bitcoin, is set to fully resume deposits and withdrawals on Tuesday. On May 10, Changpeng Zhao, the CEO of Binance, stated in an official update that the exchange is planning to resume deposits and...