Category: Binance
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Hackers continue laundering 7,000 Bitcoin from the Binance hack
The hackers who stole 7,000 BTC from Binance continue to layer funds in an attempt to launder and obfuscate the Bitcoin’s connection to the hack. Read the latest report on the movement of these coins from analytics firm Coinfirm. In May, the world’s largest cryptocurrency exchange experienced its first major security breach, with hackers making…
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Will Ethereum, XRP and Binance Coin follow Bitcoin’s uptrend?
Bitcoin is giving signs that its bull rally resumed after breaking above $12,000 again. Other cryptocurrencies are not following the momentum, allowing BTC to regain 70 percent dominance. Despite other altcoins losing in satoshis, this technical analysis will explore whether Ethereum, XRP and Binance Coin have the potential to follow Bitcoin’s uptrend. Ethereum After reaching…
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Binance now has personalized OTC services for wealthy crypto traders
Binance now offers wealthy traders a “personalized way” to conduct trades larger than 10 BTC off of the exchange’s order books via over-the-counter (OTC) trading. Binance trading introduces block trading services One of the world’s largest and most popular cryptocurrency exchanges, the Malta-headquartered Binance, introduced a new feature that allows its users to trade larger…
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Binance now has personalized OTC services for wealthy crypto traders
Binance will now offer wealthy traders a “personalized way” to conduct trades larger than 10 BTC off of the exchange’s order books via over-the-counter (OTC) trading. Binance trading introduces block trading services One of the world’s largest and most popular cryptocurrency exchanges, the Malta-headquartered Binance, introduced a new feature that allows its users to trade…
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Binance Coin, EOS and Stellar could resume their upward trend despite growing Bitcoin dominance
While altcoins continue dropping Bitcoin has increased its dominance over the market, reaching 68 percent for the first time since early 2017. Some prominent members of the industry even predict that BTC will capture 80 percent of the market. This technical analysis will evaluate whether Binance Coin, EOS and Stellar have the potential to rebound…
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Binance to distribute 9.5 million Stellar Lumens earned from staking, will add XLM staking support
Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that the platform had earned 9.5 million Stellar Lumens (XLM) from staking the cryptocurrency. $775,000 of XLM Will Be Distributed to Binance Users In August 2018, the Stellar team advised Binance’s management regarding how to earn staking rewards by changing various parameters on the…
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Binance Adds Margin as Exchange Competition Heats Up
This week, the world’s largest exchange by trading volume, Binance, launched margin trading. In doing so, it made the elite group of exchanges that offer crypto derivatives less exclusive than it once was. Binance, Kucoin, and Bitmax have all rolled out margin products this year, in a bid to give market leaders Bitmex and Deribit…
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Binance pledges to burn its entire team allocation of BNB, over $2 billion to be burned
The world’s leading cryptocurrency exchange Binance pledged to burn its entire team allocation of BNB, a token representing pseudo-equity in the exchange, which provides ‘dividends’ through burn appreciation and additional value in the Binance ecosystem. The move is unprecedented, with the exchange burning $2.5 billion in tokens at current prices. Binance will burn 80 million…
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Competing Stablecoins Can’t Topple Tether
Love, hate or fear it, there’s no avoiding tether (USDT). Its shadow looms over the cryptoconomy, supplying sanctuary in times of volatility, providing fiat capital inflow and acting as a lightning rod for crypto critics who believe it’s propping up the price of bitcoin. Over the past year, a flurry of new stablecoins have entered…
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Binance appoints former Ripple executive to lead US crypto exchange initiative
Binance appointed the former head of institutional liquidity at Ripple as the lead for the exchange’s upcoming U.S. crypto exchange operator, BAM trading services. According to a press release made by BAM Tuesday, the new CEO Catherine Coley will head up the launch of Binance’s recently announced outpost in North America, Binance.US, and subsequently BAM’s…