Category: Binance
-
Stablecoins Fetch a Premium as BTC Hits Year Low
Officially, Wednesday, Nov. 14 will go down as the worst trading day of the year, as BTC sunk to record lows. Unofficially, there were still green shoots to be found if you knew where to look — mostly to the stablecoin sector. These dollar-pegged assets, normally so resistant to volatility, have been trading at a…
-
Binance Volumes Down 90% from January, CZ Still Bullish
Despite having watched Binance trade volumes shrink a cool 90 percent since January, CEO Changpeng ‘CZ’ Zhao says his market-leading exchange is firing on all cylinders. Speaking to Ran Neuner on CNBC’s Crypto Trader Nov. 8, the Binance chief whip assured that the world’s largest crypto exchange by trading volume was still “a very healthy…
-
Binance CFO Interview: 2 Main Things Will Drive Mainstream Crypto Adoption
Wei Zhou, the chief financial officer of Binance, believes two main factors will drive the mainstream adoption of crypto in the long-term. Solid cryptocurrency exchange infrastructure that increases the ease of purchasing cryptocurrency and an increase in the number of high-quality projects in the ecosystem will fuel the growth of the cryptocurrency sector, Zhou said…
-
Exchanges Roundup: Revolut CEO Discusses Investment, Etoro Starts Rollout of Wallets
In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the gradual rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO…
-
Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork
Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on…
-
Exchanges Roundup: Binance ‘Very Healthy’ Despite Volume Drop, Gate.io Breached
In cryptocurrency exchange news, Binance’s CEO has described the exchange as “very healthy” despite the dramatic reduction in trade volume compared with early 2018, and Gate.io was recently breached via a malicious script added to web analytics provider Statcounter. Also, a South Korean ICO raising money for a crypto exchange desk appears to have pulled…
-
Bitmain Files ‘John Doe’ Lawsuit in the State of Washington
According to court documents filed in Seattle, Washington, the mining rig manufacturer Bitmain has filed a lawsuit against an unidentified suspect who hacked the company’s Binance account. Bitmain hopes to identify the defendant “John Doe” and recover the stolen BTC siphoned from the organization’s cryptocurrency holdings held on the exchange. Also Read: Fork Watch: List of…
-
The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins
In this edition of The Daily, we cover the launch of Binance Research, a new analysis division that will produce in-depth reports for customers of the leading cryptocurrency trading platform. We also look at Cobinhood’s decision to add several stablecoins to its platform and the reasoning behind the move. In addition, we focus on SWIFT’s…
-
Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions
A number of cryptocurrency exchanges have reportedly cut ties with Iran after the U.S. imposed tougher economic sanctions against the Islamic Republic. Sepehr Mohammadi, head of Iran’s Blockchain Community, told local media that Binance and Bittrex are some of the platforms to have unofficially dropped Iran from the list of supported countries to receive services.…