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Tag: Binance

Binance Set To Launch Regulated Bank in Cryptocurrency-Friendly Malta

Category: Adoption, Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News, Regulation

Binance Set To Launch Regulated Bank in Cryptocurrency-Friendly Malta

Binance, the world’s largest cryptocurrency exchange by volume, is set to launch a regulated bank that will be owned by crypto investors. According to a statement released on July 12, 2018, the new bank will be named ‘Founders Bank’, and Binance has said that its stake in the venture is five percent. Crypto Friendly Malta Long renowned for being a…

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Waning Popularity of Coinbase Indicates Falling Interest in Cryptocurrencies

Category: Adoption, Business, Exchange, News

Waning Popularity of Coinbase Indicates Falling Interest in Cryptocurrencies

Data collated from Google Trends and PlayStore indicates the waning popularity of several cryptocurrency services including wallets and exchanges. In this regard, San Francisco-based Coinbase has seemingly taken the biggest hit according to reports on July 10, 2018. Falling Bitcoin Prices = Falling App Downloads As reported by Quartz, Coinbase, the self-proclaimed “Google of cryptocurrencies,” has seen its download rankings…

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Binance Donates $1 Million to Flood Victims in Japan

Category: Adoption, Altcoins, Bitcoin, Ethereum, News

Binance Donates $1 Million to Flood Victims in Japan

Because of the destruction caused by the bad weather, Binance, the world’s largest cryptocurrency exchange by traded volume started a campaign on Twitter to raise money to help the people affected by the floods. Crypto-Philanthropy This weekend Japan was struck by an intense flood of rain. The lousy weather hit with an immense force and millions and millions of gallons of…

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Binance Labs Leads Investment in Zhidian and Ccloud to Receive HK$50m From China Parenting Network

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Binance Labs Leads Investment in Zhidian and Ccloud to Receive HK$50m From China Parenting Network

The blockchain startup scene is China continues to experience a period of steady growth and investment with the news that two blockchain-based startups Zhidian and Ccloud have received funding from local and international investors including Binance Labs and China Parenting Network. Binance Investment in Zhidian Leading a seed round for an undisclosed sum alongside LD Capital and INBlockchain, Binance Labs…

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House Always Wins: Binance to Earn up to $1 Billion in 2018

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, News, Regulation, Tech

House Always Wins: Binance to Earn up to $1 Billion in 2018

The CEO of Binance, one of the world’s largest and fastest-growing crypto exchanges, stated he expects net revenue of $500 million to $1 billion in 2018. CEO’s Overwhelming Optimism Despite the recent not-so-favorable situation in the crypto industry that has recorded billions of dollars in losses, crypto exchanges are still raking in billions, Binance being one of the leaders. Binance…

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Binance Leads Fundraising Round in Tokenized Security Startup Republic

Category: Altcoins, Bitcoin, Business, Finance, News

Binance Leads Fundraising Round in Tokenized Security Startup Republic

The world’s largest cryptocurrency exchange by traded volume, Binance, led a funding round for AngelList-backed investment platform Republic on July 1, 2018. The platform intends to develop and introduce a native security token. Building a Global Market As per a press release, Republic aims to attract institutional investors for its tokenized security platform that hopes to build an ecosystem “where…

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Binance Suffers Massive API Attack Causing Hackers to Sell One Syscoin for Over 96 Bitcoins

Category: Altcoins, Blockchain, Crime, Exchange, News

Binance Suffers Massive API Attack Causing Hackers to Sell One Syscoin for Over 96 Bitcoins

The world’s largest cryptocurrency exchange by trading volume, Binance, faced an embarrassing situation on July 3, 2018, as attackers took advantage of an API hack to sell a single Syscoin (SYS) for 96 bitcoins (BTC). Binance API Attacked Over a billion SYS were moved from a wallet, rumoured to be owned by Binance, after enterprising attackers took advantage of the…

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Taiwan wants to Lead the Way for Blockchain and Cryptocurrency Industries

Category: Altcoins, Bitcoin, Blockchain, Business, Development, News, Regulation

Taiwan wants to Lead the Way for Blockchain and Cryptocurrency Industries

Unlike its neighbors, Taiwan wants to jump on the blockchain and crypto bandwagon. To achieve this, it must first establish policies that would support the implementation of blockchain technology. The second area that Taiwan has to focus on is the refinement of its regulatory framework, followed by the assurance that Taiwan’s policies are in accord with the global standards for…

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Binance Launches First Ever Crypto-Fiat Trading Platform in Uganda

Category: Altcoins, Bitcoin, Blockchain, Business, News

Binance Launches First Ever Crypto-Fiat Trading Platform in Uganda

Even with the crashing prices of cryptocurrencies, Binance appears unperturbed. Now, the Changpeng Zhao owned exchange has ventured into Africa, in a bid to launch what will be one of the continent’s largest fiat-to-crypto exchanges ever. Binance Enters Uganda In what appears like a huge triumph for the entire cryptosphere, Binance exchange has announced the launch of Binance Uganda, its…

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Death of Coinbase? Binance to Introduce Euro Trading Pairs This Year

Category: Altcoins, Bitcoin, Finance, News, Regulation

Death of Coinbase? Binance to Introduce Euro Trading Pairs This Year

Crypto exchange giant Binance might take cryptocurrencies to a whole new level this year, bringing them a bit closer to the mainstream financial market. Changpeng Zhao, the Chief Executive Officer of the world’s largest cryptocurrency exchange, said in an interview with Bloomberg on June 8, 2018, that the exchange would soon offer Euro-crypto trading pairs. Binance and Malta Binance plans…

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