Matic drops 70% in an hour after weeks of positive gains. The cryptocurrency was up nearly 200% in two weeks before the plunge. Was it an inside job? Matic — one of the first tokens to originate upon Binance Launchpad has witnessed one of the harshest dumps in crypto history, falling a massive 66% in...Read More
The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry. Crypto Exchanges: Banks in Disguise True financial decentralization should consist of direct...Read More
The Matic Network (MATIC) token went through a crisis, erasing more than 50% of its price in the past day, to drop to $0.02. The price crash, however, follows a period of wild appreciation on a parabolic trend, as MATIC more than tripled its price and moved to a record above $0.04. Fears of Team...Read More
The reason the majority of the cryptocurrency market has under-performed this year is lack of liquidity. Add margin trading to that and the potential of massive cascades in price arises as holders of the altcoin MATIC have just found out.Cryptocurrency Collapse: MATIC Dumps 70%A few hours ago MATIC dumped a whopping 70% in a matter...Read More
Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it as the central bank and regulators procrastinated with the new technology and stifled further innovation. Indian Crypto Industry Stunted Increasing hostility from central banks is to be expected. Decentralized...Read More
The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care. Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria,...Read More
Cryptocurrency investors in the United States have two notable exchanges to choose from — namely, Coinbase Pro and Binance.US. Though there are several other options as well, these exchanges are operated by two of the most recognizable crypto companies in the world, both of which have a major U.S. presence. In this review, we’ll break...Read More
The Malta-based crypto exchange has been in the limelight often as it brings out new updates for the flexibility of its users. Let us wrap Binance updates of last week in a nutshell – Binance Launches Leveraged ETH/USDT Futures Trading Binance platform enabled ETH futures contract with 50x leverage. In initial phases, trade ETH futures...Read More
The Block reported that Binance’s Shanghai office was raided by the police. Changpeng Zhao (CZ) quickly responded and went into the offensive to refute The Block’s claims. CZ knows that he can file a lawsuit against the crypto news site but says that that’s “too much trouble for now.” On Thursday, The Block published an...Read More
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, announced on October 10 the issuance of the second digital asset ever on Binance Chain, the exchange’s non-custodial trading platform. The new asset is an XRP variant and it’s listed as XRP-BF2. According to Binance, XRP-BF2 is pegged one-to-one to XRP on Binance’s main trading...Read More
Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and...Read More
The hype of ICOs in 2017 was downright crazy. Bitcoin was in a state of peak performance and hitting new highs every day, and the trend of ICOs evolved with it. Investors were making enormous returns on their investments and the huge interest ended up giving rise to scam ICOs which had zero credibility in...Read More
Leading Cryptocurrency Exchange, Binance announced the next project on Binance Launchpad – Band Protocol (BAND). As per the blog post, the Band token sale will follow a lottery & airdrop format, with the recording of the user. BNB balances already having started on 2019/08/17 00:00 AM (UTC). The Band Protocol is a layer-2 protocol for...Read More
Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here’s why BNB is leading the pack. | Source: REUTERS / Darrin Zammit Lupi 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...Read More
The leading cryptocurrency exchange has revealed new details about its upcoming move to the United States. In a blog post published today, Binance announced that the new Binance.US marketplace will open to North American customers “in the coming weeks.” In the post, Binance promised a “fast, compliant, and secure digital asset marketplace” for traders in...Read More
Binance, one of the planet’s largest cryptocurrency exchanges has just launched a fundraiser to help those impacted by the destruction wrought by Hurricane Dorian. The last couple of days have seen Caribbean islands and now the south east coast of the US battered by winds, leaving hundreds of thousands of individuals in need of aid.Binance...Read More
The charity arm of Malta-based crypto exchange heavyweight Binance is launching a fundraising campaign for Hurricane Dorian victims. Donations will be accepted in Bitcoin, Binance Coin, and XRP. The Fury of The Dorian As per latest reports coming in from the Washington Post, Hurricane Dorian has already made headway into the American states of North...Read More
BUSD will be available for direct purchase and redemption 1:1 for U.S. dollars on the Paxos platform and for trading against Bitcoin (BTC), Binance Coin (BNB) and Ripple’s XRP on Binance.com. Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets, and global cryptocurrency exchange and blockchain ecosystem, Binance, announced their partnership regarding...Read More
Binance USD (BUSD) – a stablecoin from the world’s largest crypto exchange – has been approved by the New York State Department of Financial Services (NYDFS), which has historically taken a hard line against cryptocurrency companies. The new stablecoin has been developed by the team behind Paxos and will be used within the Binance ecosystem...Read More
After a massive demand for its Bitcoin Futures Contract this year, the CME Group is planning to introduce Bitcoin options contracts as per the internal source. Back in December 2017 when Bitcoin was trading at its all-time high of $20,000, the Chicago Mercantile Exchange (CME) was the first to launch Bitcoin Futures contracts in the...Read More
Binance, the world’s largest cryptocurrency exchange by volume, has now listed Chiliz (CHZ) trading. The trading will start from 2019/09/06 4:00 AM (UTC). New trading pairs are added – CHZ/BNB, CHZ/BTC and CHZ/USDT. CHZ tokens can be deposited in the Binance wallet. Users can trade BEP2 version of CHZ token directly through their Binance account....Read More
Freewallet has once again expanded its list of available cryptocurrencies, this time adding one of the most high profile coins on the market in Binance Coin. Binance Coin was launched in the summer of 2017 as a native means for users to pay transaction fees on the Binance exchange. As of press time, Binance Coin...Read More
BitMEX accuses Binance of plagiarism, but it’s not long before the two bitcoin exchange giants kiss and make up on Crypto Twitter. | Source: Reuters (i), Distributed/YouTube (ii). Image Edited by CCN. Binance and BitMEX shared a social media bro hug after the latter publicly accused its fellow cryptocurrency exchange of plagiarizing documentation featured in...Read More
Let’s kick off a slow Wednesday with technical analysis for the three big Bs: BTC, BCH and BNB. Even though crypto markets may look like they are snoozing, the indicators are very much alive. Bitcoin Price Analysis (BTC/USD) BTC/USD has corrected gains to trade above resistance level $10501.68. An attempt to break above $10718.57 (R)...Read More
Altcoins will return to prominence as Bitcoin market cap share is bound to decrease, cryptocurrency exchange Binance has stated. Binance: Bitcoin Dominance ‘Sticking Around’ In its latest bulletin which went live on September 4, Binance Research, the exchange’s analytics arm, repeated claims made in July that Bitcoin’s current market dominance would not last indefinitely. Officials...Read More
BitMEX has released pretty damning evidence on Twitter today that Binance has plagiarised a vast majority of its bitcoin futures documentation. Binance Caught Red Handed BitMEX highlighted the similarity between the documentation for Binance’s Bitcoin Futures platform (currently in testing), and its own, on Twitter. “Congrats on the Testnet Futures launches Binance,” read the tongue-in-cheek message....Read More
Tron (TRX) appears to be fading fast as the project’s Twitter engagement slumps to near all-time lows and TRX price struggles to find bullish support. Tron Fans Depart The vast community of an otherwise well-hyped Tron is depleting at an increasingly faster rate, as brought to notice by The Tie. The crypto data analysis firm...Read More
Bitcoin has bounced back above the $10,000 level, gaining over $700 since Sunday. Here are three of the main drivers for why the dominant cryptocurrency is rallying right now. Binance & Bitfinex Announce Bitcoin Derivatives While Bitcoin started as a decentralized digital currency meant for peer-to-peer transactions, crypto exchanges reshaped the coin’s flow by handling...Read More
Even though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor. A few months ago, Facebook revealed plans for its own cryptocurrency called the Libra, and also announced the Libra Association....Read More
Binance enters into the cryptocurrency derivatives market with the acquisition of an exchange based in Seychelles, JEX, which will rebrand to Binance JEX offering options, futures, and perpetual contracts. The crypto industry is growing constantly with new deals and investments dominating the scene over the years. Binance, the world’s largest exchange by trading volume, has...Read More
