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

Binance Successfully Concluded Its Mainnet ’Galileo’ Upgrade

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Binance Successfully Concluded Its Mainnet ’Galileo’ Upgrade
Binance has reported the successful completion of scheduled Binance Chain Mainnet ‘Galileo’ hardfork upgrade that took place at block height 20,300,000.
Binance Successfully Concluded Its Mainnet ’Galileo’ Upgrade

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Source: CoinSpeaker

AMA with CZ Binance: Plans for Binance Futures, Smart Contracts and Visa Card

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AMA with CZ Binance: Plans for Binance Futures, Smart Contracts and Visa Card
At Binance’s 2nd anniversary’s AMA, Changpeng Zhao spoke about the extension of their 25% trading fee discount and the team’s commitment of BNB allocations to the token burn. Also, he announced testing of Binance Futures and providing Binance Visa card.
AMA with CZ Binance: Plans for Binance Futures, Smart Contracts and Visa Card

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Source: CoinSpeaker

Binance Chain Hardfork: Binance Announces Testnet Ugrade. Here’s why!

Binance chain testnet is expected to have a hardfork upgrade at block height 24,020,000. The fork is scheduled around 7:00am UTC on the 26th June 2019. The mainnet will also undergo an upgrade a few weeks from now as officially announced by the management.
What is Galileo?
This upgrade is called “Galileo”, named after Galileo Galilei, and all future upgrades will be named after the famous scientists in order to honor their memories and works.
The Hardfork Upgrade
A hardfork is an upgrade that is not compatible with the previous release because of the introduction of some breaking changes that come with the latest release… A hardfork in Binance Chain requires +⅔ validators to successfully upgrade to keep making blocks. If the existing full nodes in the network eventually get upgraded, they will be able to receive and execute further blocks normally after the hardfork block height.
At a specific block number, the changes made to the application logic are activated. After the activation of the upgrade, the blockchain will be able to handle new transaction types.
As A BNB Holder
Holders using any exchanges which are compatible with BNB (such as Binance.com, BitMax or Gate.io), will not need any further action unless stated otherwise.
As a Binance DEX user
According to the official announcement, Binance Dex users will have to follow a set of instructions outlined below:
Introduction of the definition of Maker and Taker:
Among all the orders to be allocated, between buy and sell sides, there will be at least one side that only has new incoming orders, while the other side has orders left from the previous blocks, or new incoming orders, or both. Here the side with leftover orders is called “Maker side”, while the leftover orders are called “Maker orders”.
The upgrade will feature an offline transaction. This will allow Binance client support to generate and signs transactions offline. Users will also generate and sign their transactions using an offline machine, and then broadcast it to the network using another machine.
The post Binance Chain Hardfork: Binance Announces Testnet Ugrade. Here’s why! appeared first on Coingape.
Source: CoinGape

Binance Upgrades User Interface Ahead of Margin Trading Launch

The world’s largest cryptocurrency exchange by adjusted volume has launched a beta version of its new user interface. The new interface was announced on Binance Twitter page on Thursday 30 May 2019. A major change on the page is a new “options” button that if clicked displays a number of options including Exchange, Academy, BCF, Research etc for easier navigation.
One of the major changes
Binance has been out to make some changes recently, and the user interface change is just one of them. In April, Binance launched its decentralized exchange (DEX). It also launched its own blockchain, Binance Chain earlier. This marked the beginning of independence for the company as its Binance Coin (BNB) which was initially created on Ethereum blockchain ERC-20 was migrated to the DEX as the native token. BNB was also officially converted from an ERC-20 token to a BEP2 token for the new blockchain.
The company has also declared its intention to launch margin trading for its customers. The news which has gotten many traders on the edge of their seats is likely to be one of the biggest for Binance this year. Several potential customers have expressed their enthusiasm for the margin trading launch, including Kroush AK who said:
“Margin on Binance… Guess soon I won’t need any other exchange.” 
What’s next for Binance?
Binance has grown to become a popular brand in the cryptocurrency industry and its exchange currently the top one. Many development plans have been unveiled in 2019 already that will potentially change the face of trading on the exchange. What can TG Binance Dex community look forward to the rest of the year?
Author Name: RRichie
The post Binance Upgrades User Interface Ahead of Margin Trading Launch appeared first on Coingape.
Source: CoinGape

Verifying Academic Degrees Through Blockchain, TrustED Set for TGE on Binance Chain

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Verifying Academic Degrees Through Blockchain, TrustED Set for TGE on Binance Chain
TrustED, an Australian platform designed for storing academic certificates, will run its ecosystem on Binance blockchain mainnet Binance Chain.
Verifying Academic Degrees Through Blockchain, TrustED Set for TGE on Binance Chain

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Source: CoinSpeaker

Binance Chain Welcomes Video Economy Thanks to Verasity

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Binance Chain Welcomes Video Economy Thanks to Verasity
Verasity, the company offering a reward based video sharing ecosystem, joins forces with the Binance Chain. The strategic alliance calls attention to the importance of providing a transparent, fair and thriving video sharing environment.
Binance Chain Welcomes Video Economy Thanks to Verasity

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Source: CoinSpeaker

Chiliz Partners Binance Chain to Bring Global Brands into the Crypto Space

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Chiliz Partners Binance Chain to Bring Global Brands into the Crypto Space
Chiliz and Binance Chain have joined forces to facilitate the crypto journey of such prominent clubs in the football space as Juventus and Paris Saint-Germain.
Chiliz Partners Binance Chain to Bring Global Brands into the Crypto Space

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Source: CoinSpeaker

Binance’s Trust Wallet Now Integrated with Binance DEX Through New WalletConnect Feature

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Binance’s Trust Wallet Now Integrated with Binance DEX Through New WalletConnect Feature
Trust Wallet adds WalletConnect to their application. This technology connects desktop DApps and mobile wallets that provides users with easy and fast access to their mobile wallet.
Binance’s Trust Wallet Now Integrated with Binance DEX Through New WalletConnect Feature

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Source: CoinSpeaker

Binance’s Fiat-to-Crypto Singapore Crypto Exchange Goes Live

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Binance’s Fiat-to-Crypto Singapore Crypto Exchange Goes Live
Binance has just announced the launch of its crypto exchange in Singapore which comes six month after the exchange got the investments.
Binance’s Fiat-to-Crypto Singapore Crypto Exchange Goes Live

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Source: CoinSpeaker

Binance Invites New Tokens to Issue on Binance Chain – Is it a Threat to Ethereum Network?

One of the largest cryptocurrency exchange, Binance has recently launched its own decentralized exchange (DEX) which now runs on Binance’s native blockchain, Binance Chain. The exchange is now inviting other community development to issue their new tokens on Binance chain.
Is Binance Chain a Direct threat to Ethereum Network?
After launching Binance chain, BNB was reportedly migrated from Ethereum network to Binance native chain on April 23. As Binance Coin (BNB) which is currently the seventh largest cryptocurrency moved from Ethereum, it is likely to create a sense of migration among upcoming and existing tokens as well. The fact is that Binance as crypto exchange, within a very short period of time, began ruling other reputed trading platforms. Meantime, Binance Coin also outperformed over other long-existed crypto coins in terms of market capitalization.
The exchange has released a new announcement on the same day of Mainnet swap completion (i.e today – April 23) and offers other community development to issue their new tokens on Binance chain. Very soon after Binance chain launch, Mithril (MITH), a crypto project becomes the first project to migrate into Binance Chain. Nevertheless, reports also reveal other projects like Red Pulse Phoenix (PHX) and Atomic Wallet Coin (AWC) to follow suit. However, PHX token was built on NEO platform and very soon major token ecosystem would be migrated to Binance native chain.
Binance DEX experienced its successful launch on Binance chain after completing the testnet period of two months. As per Binance report, nearly 8.5 million transactions were made to determine errors if any – as such these two months testnet period carried trading competition, coding competition and bug bounty program which enhances the trust among large crypto community towards the final launch of Binance chain and DEX on top of it.
Binance and its CEO, CZ may not necessarily in direct competition of Ethereum but the product similar to what Ehtereum offers – will definitely pose a question.
Nevertheless, Coingape recently reported CZ’s sentiment towards Ethereum Crypto and Binance Coin – wherein he reveals ETH is better than BNB coin when it comes to feature whereas the former lacks focus and latter kept eyeing on one specific aspect.
Concerning Binance DEX launch, CZ adds that;
“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”
The post Binance Invites New Tokens to Issue on Binance Chain – Is it a Threat to Ethereum Network? appeared first on Coingape.
Source: CoinGape

Binance Successfully Completes BNB Mainnet Swap

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Binance Successfully Completes BNB Mainnet Swap
Today, on April 23, Binance has announced that it has completed the Binance Coin (BNB) mainnet swap. Now deposits and withdrawals are open.
Binance Successfully Completes BNB Mainnet Swap

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Source: CoinSpeaker

Ethereum Killer? More Projects Choose to Migrate to Binance Chain

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Ethereum Killer? More Projects Choose to Migrate to Binance Chain
More and more projects are taking a decision to migrate to Binance Chain. Such popularity positively influences the price of BNB.
Ethereum Killer? More Projects Choose to Migrate to Binance Chain

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Source: CoinSpeaker