Binance Births its Own Decentralized Blockchain to Challenge Ethereum

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Binance, the world’s largest crypto exchange with over 10 million users, has launched its own blockchain – the Binance Chain mainnet today, a highly anticipated blockchain protocol aimed…

Binance Responds to Notre Dame Tragedy by Launching Crypto Donation Channel

Major global crypto exchange Binance has launched a crypto donation program to support the reconstruction of the Notre Dame cathedral, the firm tweeted on April 16. Binance has initiated a donation program “Rebuild Notre-Dame,” calling the crypto community to support their campaign to restore the medieval cathedral that suffered “colossal damages” from a major fire that nearly destroyed the landmark on April 15. In the post accompanying the new crypto-fundraising channel, Binance stated that the recent event was a “great moment of loss for culture, arts, and history shared by…

Cryptocurrency Exchange Binance Registered 66% Profit Increase in Q1 2019

Major cryptocurrency exchange Binance reported $78 million in profits in Q1 2019, up 66% compared to the previous quarter, cryptocurrency news outlet The Block reports on April 16. The claims have been extrapolated by The Block from Binance’s seventh quarterly binance coin (BNB) burn data. Per the report, the 830,000 BNB burned represent 20% of the exchange’s net profits in the first quarter of this year. The Block notes that this allows for easy deduction of the company’s profits, even though Binance does not release financial reports. The report also…

Binance Coin (BNB) is Only $6 Short From Retesting Historical High

Binance is turning into the most profitable crypto venture for otherwise bearish ICO investors. The Chinese-turned-Maltese cryptocurrency firm recently noted its native token BNB’s market capitalization reaching $2.7 billion. At the same time, the BNB’s per token value touched $19.66, which was circa $6 less than its historical high from January 12, 2018. Binance Coin YTD Price Chart | Source: CMC Coin Burn on April 15 The BNB’s latest buying wave came ahead of its quarterly token burning event. In retrospective, Binance uses 20 percent of its fiscal quarter profits…

Binance to Delist Bitcoin SV as It ‘No Longer Meets’ the Exchange’s Standards

Major cryptocurrency exchange Binace has officially announced that it will delist Bitcoin SV (BSV) starting next week. The news was revealed in an official announcement from the firm today, April 15. The exchange stated that as of April 22, it will delist and cease trading on all trading pairs for BSV — on the exchange under the ticker BCHSV. In the post, Binance explained that it regularly reviews assets listed on its platform “to ensure that it [an asset] continues to meet the high level of standard we expect.” The…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 15

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The research arm of Binance believes that cryptocurrency markets have bottomed out, after studying data from 2014–2019. They also found that the total institutional holding in the crypto market was about 7% of total supply. Endowments are making the most of the bear market…

Binance Delists Bitcoin SV | Bitcoin Magazine

The cryptocurrency exchange Binance is officially removing Bitcoin SV (BSV) from its trading options, according to a company blog post. The delisting comes after Binance CEO Changpeng Zhao (aka CZ) threatened to delist the Bitcoin Cash fork coin in response to Craig S. Wright, the coin’s creator, threatening Lightning Torch prometheus Hodlonaut with a lawsuit. Per the blog post, “All trade orders will be automatically removed after trading ceases in each respective trading pair” but withdrawals will be open until July 22, 2019. Officially, the blog post cited a failure…

Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research

Bitcoin (BTC) prices and altcoin prices could have already hit their lowest point, new analysis from cryptocurrency exchange Binance concluded on April 11. In the latest edition of its research bulletins, the exchange’s dedicated analytics arm, Binance Research, investigated various current phenomena and trends within cryptocurrency markets. Among them was correlation between Bitcoin and altcoin prices, data from 2014-2019 confirming that the 90 days to mid-March represented the longest period of high correlation in market history. According to historical behavior, such periods tend to trigger trend reversals. The 90 days…

Binance Labs Grants $45,000 to 3 Open-Source Blockchain Startups

Binance Labs, the investment arm of cryptocurrency exchange Binance, has awarded grants of $15,000 each to three startups developing open-source blockchain technologies. Receiving the grants are Ironbelly, a mobile wallet for the Grin/Mimblewimble blockchain; HOPR, privacy-preserving messaging protocol; and Kitsune Wallet, an upgradeable on-chain wallet. The three startups are now the first “fellows” of Binance Labs’s Fellowship program, which funds and supports early-stage open-source development projects, according to a blog announcement Friday. According to Binance Labs director Flora Sun, innovation requires “an engaged community of developers and entrepreneurs who imagine ideas and create…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 12

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The launch of the eagerly awaited platform Bakkt has been postponed a few times, but the firm has continued to focus on building its team. It recently hired a former engineering executive at PayPal and Google as its chief product officer. These appointments show…