CZ: Binance will Resume US Operations within a Month or Two

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CZ: Binance will Resume US Operations within a Month or Two
In a recent interview Changpeng Zhao, also known as CZ, commented that he believes that Binance should resume operations in the US within “a month or two”.
CZ: Binance will Resume US Operations within a Month or Two

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Source: CoinSpeaker

New Harmony Mainnet Network Upgrade Is on Its Way

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New Harmony Mainnet Network Upgrade Is on Its Way
The Harmony network has just carried a network upgrade increasing, the number of nodes from 600 to 800. Moreover, it is possible that Harmony will be officially listed on Coinbase in the future.
New Harmony Mainnet Network Upgrade Is on Its Way

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Source: CoinSpeaker

Binance Coin Breaking News: Falling Market Cap and Price

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Binance Coin Breaking News: Falling Market Cap and Price
Unusual as it may seem, Binance Coin (BNB) lost $1.5 billion market cap in just 24h. No, there is no witchcraft involved – rather, it all comes down to Binance’s decision on chopping the number of tokens in circulation.
Binance Coin Breaking News: Falling Market Cap and Price

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Source: CoinSpeaker

Binance Crypto Exchange Eyes Coming to South Korea

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Binance Crypto Exchange Eyes Coming to South Korea
It is expected that quite soon Binance will launch its crypto exchange in South Korea. The company is already looking for a Compliance Officer to work in Seoul.
Binance Crypto Exchange Eyes Coming to South Korea

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Source: CoinSpeaker

Futures launch by end of July; Smart contracts on Binance chain to follow, says CEO Changpeng Zhao

The world’s largest cryptocurrency exchange in terms of volume, Binance, successfully launched Margin Trading on its platform on July 12. Since its release, 10,000 users have signed up for margin trading accounts. In an AMA carried out by Changpeng Zhao aka CZ, the Binance CEO informed viewers about the performance of Margin Trading and people’s […]
The post Futures launch by end of July; Smart contracts on Binance chain to follow, says CEO Changpeng Zhao appeared first on AMBCrypto.
Source: AMB Crypto

Binance burns BNB tokens worth $24 million in its quarterly burn program

Binance is the world’s leading cryptocurrency exchange by trading volume, well-known for its transparency and its focus on keeping consumers happy. Binance’s native token, BNB, has recorded tremendous growth throughout 2019, breaching its all-time high on a couple of occasions. Binance recently completed its 8th quarterly BNB token burn program, wherein 808,888 BNB tokens worth […]
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Source: AMB Crypto

First mover better prepared for world domination, says Binance’s CZ as he hints at Facebook-Tencent rat race

Just like any other disruptive technology, cryptocurrency required a decade to be viewed as not just a speculative and risky asset, but as the future of the world’s financial services. Today, with the entry of several financial and non-financial institutions into the crypto-space, many around the world are speculating what its role will be in […]
The post First mover better prepared for world domination, says Binance’s CZ as he hints at Facebook-Tencent rat race appeared first on AMBCrypto.
Source: AMB Crypto

Binance displays prices in INR, even as Indian exchange bites the dust

Indian regulatory agencies have remained hostile towards the cryptocurrency ecosystem. The Indian government has, so far, failed to pursue a definitive stance on the same. Under these doubtful circumstances, another Indian cryptocurrency exchange, Koinex ceased operations following the suit of its predecessors. On a more positive note for the Indian crypto traders and enthusiasts, the […]
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Source: AMB Crypto

Binance Joins Forces with Paxos for a New Deposit Gateway

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Binance Joins Forces with Paxos for a New Deposit Gateway
Binance and Paxos have entered a collaboration to integrate a new deposit gateway on Binance.com. It will significantly facilitate fiat-to-PAX exchanging procedures.
Binance Joins Forces with Paxos for a New Deposit Gateway

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Source: CoinSpeaker

Whale Alert: Massive $300 million transfer takes place on Binance Chain; funds SAFU, says CZ

Binance, one of the world’s largest cryptocurrency exchanges, has been having a wonderful year in terms of new developments, such as their new Binance DEX and the massive growth of Binance Coin [BNB]. Binance’s native token has grown by approximately 500 percent in 2019 alone. The exchange also recently announced the launch of BTCB, with […]
The post Whale Alert: Massive $300 million transfer takes place on Binance Chain; funds SAFU, says CZ appeared first on AMBCrypto.
Source: AMB Crypto

Is Binance 2.0 and margin trading really accessible for ‘everyone?’

Binance, one of the world’s largest exchanges, announced recently that Binance’s upgraded version, Binance 2.0, was available to everyone. CZ tweeted, “While #bitcoin is on a tear on price, @Binance have rolled out Binance 2.0, with margin access to everyone. In bear and bull markets, we #BUIDL!” The margin trading feature which was previously available […]
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Source: AMB Crypto

Binance Cuts Ties With Its US Customers, Does CZ Fear Being Arrested?

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Binance Cuts Ties With Its US Customers, Does CZ Fear Being Arrested?
Towards the end of last week, Binance, a leading cryptocurrency exchange in the world, announced that it would be blocking its US users. The move was manifested by a change in the exchange’s terms of service.
Binance Cuts Ties With Its US Customers, Does CZ Fear Being Arrested?

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Source: CoinSpeaker

Libra greeted with mixed reactions as Facebook takes a giant leap into the cryptocurrency space

Facebook, the social media giant, is the newest member of the crypto world after it officially launched its whitepaper on its website today. Facebook introduced its cryptocurrency, Libra, which will be built on the Libra blockchain. CEO of Facebook, Mark Zuckerberg, shared on Facebook Libra’s mission and vision. In perhaps a response to privacy concerns that […]
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Source: AMB Crypto

Binance takes the high road as network validators vote for fee restructure on the main chain

Binance, one of the largest cryptocurrency exchanges in the world, has been rapidly improving its stock as a prominent organization handling various virtual assets. The company has also been launching several new projects such as the launch of the new Binance DEX. The launch of Binance Launchpad laid down the way for other crypto-projects, most recently the harmonyprotocol project, which was received positively after its introduction.
Changpeng Zhao, CEO of Binance, recently announced that Binance DEX had re-adjusted its fees and lowered them.
According to a Binance community blog, after the recent surge recorded by BNB, validators of the network proposed and collectively voted that the fee structure should be lowered and at press time, most of the fees were slashed by almost 50%.
The changes were implemented on the first block that would be active after 13th June 00:00 [UTC].
One of the major benefits of the current development is the fact that the company will attain a higher user-friendly customer base since lowered fees will incentivize more people to join crypto and spur faster crypto-adoption.
According to the report, the transfer fee was reduced to 0.000375 BNB from 0.000625 BNB. The burn asset fee was around 1 BNB and after the restructure, it was at 0.5 BNB. The listing fee also drastically dropped to 1000 BNB, which was at 2000 tokens before.
Other transaction fees such as IOC fee, Multi-send fee and Freeze/unfreeze fee also plummeted by 50% on the Binance Chain.
The current development should attract customers doing their business on other exchanges, where the fees are relatively higher. A lot of flak was recently directed at Hitbtc exchange after many in the Twitter community highlighted its high fees.
Twitter user, @cryptocoinsclub, had commented,
“HitBTC fees are insanely ridiculous. Also… HitBTC is a SCAM!”
Another user, @friendsRcrappy, said,
“Yup. hitbtc your fees are asinine. I no longer trade there. Another Cryptopia waiting to happen.”
The post Binance takes the high road as network validators vote for fee restructure on the main chain appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin: Binance’s CZ remains bullish on crypto-ecosystem despite recent developments

Changpeng Zhao opined on the recent parabolic rise of Bitcoin and the effects it had on the crypto space with CNBC’s Ran NeuNer. CZ said that he was unaware of the reason for the rise, however, he mentioned that the extended surge was due to FOMO and that it showed the money was lined up to buy Bitcoin.
Bitcoin’s rally started on April 01 and has risen by 110% at press time. The price of Bitcoin briefly breached the $9,000 market but eventually fell down. Bitcoin, at press time, was currently trading a few dollars below $8,000 with a market cap of $141 billion.
He further added:
“I think we saw more stablecoin deposits in the last few days and not only that, the trading volume per transaction, the number of order, that are being submitted has reached an all-time high.”
Additionally, CZ confirmed that they had seen more orders than 2017 although the trading volume in terms of U.S. Dollars was less, they had surpassed all-time trading volume transactions, which was also accompanied by the number new of users signing up on the exchange.
The number of users signing up on Binance exchange had seen a gradual increase in the months leading up to the surge in Bitcoin’s price said CZ. However, the users registering did massively increase after the spike.
Speaking about the interest in crypto, CZ said that he was always bullish. He outlined his plan about margin trading for Binance and said that they had conducted a trading competition and even released a test net for security testing and finding bugs for the same.
Binance’s margin trading was also teased by CZ in a recent Twitter post.

Dark mode or Light mode ? #Binance pic.twitter.com/pGSb1np4yp
— Binance (@binance) May 24, 2019

Binance is already the world’s largest cryptocurrency exchange, and margin trading feature could further solidify Binance’s grounds and compete against margin trading exchanges like BitMEX, Bittrex, etc.
The post Bitcoin: Binance’s CZ remains bullish on crypto-ecosystem despite recent developments appeared first on AMBCrypto.
Source: AMB Crypto