Binance Burns More Than 1.6 Million BNB Coins But Price Drops

The world’s largest cryptocurrency exchange by volume Binance had completed its 5th scheduled token burn. The price has reacted negatively so far, however, despite the reduction in BNB supply. 1,643,986 Binance Coins (BNB) Destroyed In an official release dated October 17, Binance announced that it has successfully completed its 5th quarter token burn, as per […]

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Binance Donates Alleged Multimillion Dollar Listing Fees To Charity In New Shake-Up

Cryptocurrency exchange Binance has appeared to end its controversial listing fee policy for new altcoins and plans to donate all funds received to charity.  Developers To ‘Propose’ New Fees In a blog post on October 8, Binance said the change would take effect “immediately” and would also see developer teams themselves select how much to “pay” […]

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The Zaif Hack Story Isn’t Over Yet: Further Investigations Lead to More Questions

The hack of Japan-licensed cryptocurrency exchange Zaif took the crypto community by surprise last week. It’s recently emerged that the perpetrators of the crime are trading the stolen wealth on Binance and other exchanges. Japan’s Financial Watchdog Slams Three Business Improvement Orders The event couldn’t pass unnoticed, especially because the exchange had reportedly warned about […]

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Nailed It? Cryptocurrency Chart Exactly Follows ‘Bottom’ Call By Mike Novogratz

Serial investor and Bitcoin bull Mike Novogratz perfectly called the “bottom” in cryptocurrency, data reveals as markets trend upwards September 14. Novogratz: September 12 Was ‘Low’ As Bitcoinist reported Thursday, cryptocurrency market indices hit 80 percent versus all-time highs this week, outperforming the dotcom boom implosion of the early 2000s for the first time. At […]

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Crypto Exchanges Turn to Dubious Tactics to Offset 80% Volume Plunge

With trading volumes a whopping 80% lower than their January peak, some of the biggest trading exchanges are implementing controversial practices to stay profitable.  Exchange Listing Fees:  Pay to Play From the ‘stick’ of listing fees to encouraging ‘carrots’, the crypto exchanges are finding ways to get their money. Exchanges such as Binance (the world’s largest […]

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Binance Profits Rival Nasdaq But With Only 4% of the Staff

Cryptocurrency exchange Binance continued to wow cryptocurrency commentators as data shows the platform made almost as much profit as Nasdaq in Q1 2018. 8 Months, $200 Million A comparison uploaded to Twitter by Danhua Capital managing Director Dovey Wan August 30 shows that for that period, Binance pulled in $200 million against Nasdaq’s $209 million. […]

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Nevermind Bitcoin Price Drop – Binance on Track to See $1 Billion Profit

Despite the declining cryptocurrency market, Binance is on track to profit up to $1 billion this year. Binance Coin (BNB) is seeing heartening gains as well. It goes without saying that 2018 has been a rough year for the cryptocurrency market thus far. Its most popular cryptocurrency, Bitcoin (BTC) has lost around 70 percent of its […]

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Binance Creates ‘SAFU’ Fund After Outage Becomes Marketing Gold

Cryptocurrency exchange Binance has reopened after what officials described as “irregular trades” led the platform to suspend activity July 3. Binance To Create ‘SAFU’ Fund In a summary of the events, Binance said the unusual trading came from “a number of API users,” triggering its internal risk management system. Seemingly more of a precaution than […]

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Skycoin Freezes Funds After Staff ‘Take CEO Hostage’ And Steal 18 BTC

Wilma Woo · June 19, 2018 · 10:00 am Allegations of criminal activity continue at Skycoin as executives freeze funds to contain fallout from a theft by the coin’s own marketing team. 18 BTC, Skycoins Stolen In ‘Burglarization’ Skycoin, which describes itself as “the most advanced blockchain platform in the world,” saw massive sell-offs this […]

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Binance Launches $1 Billion Fund to Support Startups

Osato Avan-Nomayo · June 2, 2018 · 5:00 pm Binance, a cryptocurrency exchange behemoth, is set to launch a $1 billion fund for cryptocurrency and blockchain technology startups. Ella Zhang, Head of Binance Labs, announced the establishment of the fund during an online meetup session on May 31, 2018.  The Binance Social Impact Fund The world’s […]

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