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

Binance Coin Price Hits New All-Time High After Stream of Announcements

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Binance Coin Price Hits New All-Time High After Stream of Announcements
After Binance launched its native blockchain network and decentralized exchange, investors rushed to buy a massive amount of Binance Coin (BNB) tokens.
Binance Coin Price Hits New All-Time High After Stream of Announcements

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Source: CoinSpeaker

Could Binance (BNB) Coin Possibly Reach 100$ Valuation This Year?

Binance (BNB) Coin has shown remarkable rise this week. Binance seems to be performing a plethora of activities around the Binance (BNB) Coin.
Binance (BNB) has gained over 23% over the weekend. The price of Binance (BNB) coin at 15: 00 Hours on 19th April is 23.91. It is trading 10.58% higher on a daily scale. Moreover, it is trading over 23% higher on a weekly scale.
The Binance Chain registered its first genesis block to launch its blockchain and move from the ERC20 protocol. The balance of the binance token will be the same as when the BNB tokens on the new chain will be claimed an equivalent amount will be burnt from the Ethereum platform.
Binance also announced Enjin Wallet integration and Red Pulse token addition to the Binance DEX. Binance official account tweeted about the Red Pulse addition:
…adding our token to Binance DEX, and driving greater real-world applications of blockchain, specific to the knowledge and information space.
BNB/USD 1-Day Chart on Binance (TradingView)
Available Only on Some Exchanges
 
Binance (BNB) coin is probably the only cryptocurrency in the top ten cryptocurrencies by market capitalization which is available only on a few significant exchanges. Among the top Exchanges, Binance (BNB) coin is currently listed only Binance, Hit-BTC, Bit-Z, Lbank, and Gate.io. Hence, if the popularity of Binance (BNB) coin keeps increasing, an influx in volume can be expected from listing on other Exchanges. However, while listing on other competitive exchanges is unlikely, even interoperability enabled between IEOs would benefit Binance (BNB) coin, as it came first in the business.
Currently, Bit-Z and Binance Exchange hold the maximum trading volume for the Binance (BNB) Coin. Binance Exchange is the largest Exchange in the world in terms of market capitalization. Moreover, the Binance Decentralized Exchange (DEX) is expected to increase the user base of Binance Coin further.
Also Read: Binance Exchange Quietly Alters BNB’s Original Whitepaper With New Clause
Binance Decentralized Exchange
Earlier this month, CZ, the CEO of Binance had indicated that Binance DEX will be launched in April 2019. The much anticipated Binance Decentralized Exchange will one of the first popular decentralized exchange to be released.
CZ tweeted today by announcing the arrival of the Exchange:
The Binance DEX members gave me the honor to do the first transaction on Binance Chain. It’s FAST and SLEEK! Love it.
Moreover, to access the Binance DEX, Binance Chain wallet must be activated to register for the Exchange. Hence, the number of users of the Binance (BNB) Chain is expected to increase many folds with the launch of the Binance DEX. 
Do you think that the upside will continue or we will see resistance from the All-Time High? Please share your views with us.
The post Could Binance (BNB) Coin Possibly Reach 100$ Valuation This Year? appeared first on Coingape.
Source: CoinGape

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Source: TradingView
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
Please see the below link for further details on the actions that will occur along with the planned timings for them to do so. https://t.co/32hjBwkUcX pic.twitter.com/X9qAoXxYmc
— Binance DEX (@Binance_DEX) April 18, 2019

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. ”
The post Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern appeared first on AMBCrypto.
Source: AMB Crypto

Binance’s Mainnet Swap to Execute on April 23 via Binance Chain’s Native Token

Binance’s long-awaited Binance chain has finally hit the headline today on April 18, 2019. Following Mainnet launch, its Swap is planned to execute on April 23.
Earlier this month, Changpeng Zhao or popularly known CZ, CEO of Binance cryptocurrency exchange has said in a Deconomy conference that the platform is launching its DEX later this month. However, today’s mainnet launch is what CZ had proposed during the conference.
The exchange said that the Mainnet Swap is proposed to happen on April 23, 2019, which might change depending on ‘how things progress’.
Binance has shared a couple of actions that has planned to be performed including the BNB creation in the genesis block. The explorer and web wallet of Binance chain will be available only for selected members which will undergo for testing mode – prior the public access on April 23, 2019. Accordingly, the migration of BNB from ETH network to Binance Chain will occur within April 19-April 23. As such, old BNB address (based on ETH address ) will be destroyed and consequently new BNB tokens will be built on top of Binance Chain network.

Moreover, the exchange has said BEP2, a Binance Chain BNB tokens will be used on April 23 when Binance users will be able to use Binance Chain address to process BNB withdrawal request. Means that old ERC-20 BNB tokens will then be migrated to BEP2 BNB tokens. It reads it as follows;
Binance.com 3 will assist with the BNB mainnet swap on April 23rd, 2019 at the earliest. If everything works as intended, then users will be able to provide a Binance Chain address for BNB withdrawal requests. The withdrawal will then act as a mechanism to convert ERC20 BNB tokens into BEP2 BNB tokens native to Binance Chain.
Moreover, who wish to still keep BNB on its ERC20 based BNB address (for any reason during the conversion period) then such users are expected to withdraw their BNB from Binance.com account before 2 AM (UTC) on April 23rd and moved into Ethereum Wallet, the exchange said.

However, this announcement is followed by exciting hints and secrets by Binance official and CZ’s Twitter timeline. As coingape reported, the exchange and CZ, early in the morning shared tweets about the upcoming launch which certainly excited the whole Binance community.
Image source- Twitter 
The post Binance’s Mainnet Swap to Execute on April 23 via Binance Chain’s Native Token appeared first on Coingape.
Source: CoinGape

Binance Is All Set for Singapore Expansion and DEX Launch This Month

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Binance Is All Set for Singapore Expansion and DEX Launch This Month
April is going to be a big month for Binance as the company plans to set up an office in Singapore along with the mainnet launch of its decentralized exchange (DEX).
Binance Is All Set for Singapore Expansion and DEX Launch This Month

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Source: CoinSpeaker

OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange
OKEx plans to catch up with Binance by scheduling the launch of its in-house decentralized exchange, DEX, for this June. The DEX will run entirely on OKEx’s own blockchain.
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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Source: CoinSpeaker

Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Is XRP a Security? It Seems There Will be No Answer Any Time Soon
According to the investigation lawyer from global law firm Kober & Kim, Jake Chervinsky, it will take more than a year to understand whether Ripple’s XRP is a security or not. Here’s why.
Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Source: CoinSpeaker

Insider Insights: Binance Set to Become the World’s First Decentralized Corporation

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Insider Insights: Binance Set to Become the World’s First Decentralized Corporation
It is said that Binance will transfer all the company’s value to its native BNB coin to become the first decentralized corporation in the world.
Insider Insights: Binance Set to Become the World’s First Decentralized Corporation

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Source: CoinSpeaker

Binance’s Only Decentralized Wallet Adds Support for XRP and Credit Card Payments

Binance’s drive towards building trust and adoption of cryptocurrency is unshaken. The third largest cryptocurrency exchange in the world by volume has made a couple of introductions to its Decentralized Wallet: Trust Wallet.
Addition of XRP to Its Trust Wallet
The Trust Wallet has added support for trading and transaction of XRP. Trust Wallet, initially had extended support only for Ethereum. Furthermore, after acquisition by Binance, the decentralized wallet has added support for 17 cryptocurrencies.
Credit Card Support for Trust Wallet
Binance’s Trust Wallet also has extended support for credit card payments. Hence, the decentralized wallet can function efficiently as a Decentralized exchange as well.
“We want to increase access to crypto and decentralized applications for all users,” said Viktor Radchenko, Founder of Binance’s Trust Wallet. “Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and features to Trust.”

#Binance's @TrustWalletApp Adds Support for $XRP, Credit Card Paymentshttps://t.co/6LWsJaMAgl
— Binance (@binance) March 12, 2019

Binance DEX and integration of Trust Wallet
The Trust Wallet is the official decentralized mobile wallet of Binance. It can be used to buy, sell, store, send and receive cryptocurrencies. It has also added a Dapps Browser: web3, it that can be used to access and interact with Dapps (Decentralized Applications).
Trust Wallet will also be integrated with the Binance Decentralized Exchange to avoid ambiguity and increase the security and efficiency of the exchange.
The post Binance’s Only Decentralized Wallet Adds Support for XRP and Credit Card Payments appeared first on Coingape.
Source: CoinGape

BNB Peaked 16% To Rush Eighth Spot, Surpassing Stellar (XLM) Again

A native token of the largest cryptocurrency exchange, Binance is touching the peak at every step. At press time, BNB overtook Stellar again and risen up with 16.35 percent over the past 24hours.
On the Rise – Surged More than 16 Percent
Binance backed BNB token is on the bull run today on March 05, 2019, counting the average trading volume $1,854,907,611. The gain of 16.35 percent turned BNB as the best performer token on the graph of Coinmarketcap while the 7th largest cryptocurrency, Tether (USDT) is declining a brief of 0.09 percent over the past 24hours.

To note, the present trading value of BNB token is $13.14 against the US Dollar. It’s worth to note that BNB token seems the most specific currency that runs with a green figure while other cryptocurrencies were roaming around red figures.

The reason behind the surging value isn’t specifically determined – however, the peak value comes in a row of ongoing bounty campaign of Binance’s DEX. To remind, the bounty campaign encouraging users to find a bug in Binance DEX and win the reward of $100,000 USD in BNB.

#Binance DEX (@Binance_DEX) Simulated Trading Competition – Test Your Strategies to Win 10,000 $BNB!https://t.co/ENsiNiqc9L pic.twitter.com/UXD2p1ZjoX
— Binance (@binance) March 1, 2019

Thus many enthusiasts think that the launch of Binance’s DEX test net has quickly pumped the price of BNB token.
Additionally, in a recent Twitter AMA, CZ talks about the procedure Binance exchange is following while delisting any project, Significance of Binance Chain and use cases of BNB token. During the talk, CZ says that he believes the Binance platform has a huge active user database – moreover, the use cases of BNB are more than other coins available in the market. As per the CEO, Binance seeks to expand the BNB ecosystem – and eventually began adding BNB token as a native token on its new Binance Chain.
CZ conclusively revealed that the OCO (One-Cancels-the-Other) option which is used to place a conditional stop limit, will be implemented in March-April timeframe this year.
What’s your view on BNB price reaching the peak? share your thoughts. 
The post BNB Peaked 16% To Rush Eighth Spot, Surpassing Stellar (XLM) Again appeared first on Coingape.
Source: CoinGape

Binance Offers USD 100k Worth Of BNB To Users To Test Its DEX

Effective policies and great marketing strategies are what makes Binance one of the best crypto exchanges in the world. And the exchange has played yet another masterstroke – To test its DEX, Binance decided to offer users USD 100 K worth of BNB.
BNB spikes over 5% after the DEX tweet
According to tweets released by Binance and CZ, Binance has thrown out a surprising treat for its users as the exchange has decided to pay its DEX users for testing its newly released DEX in form of a stimulated trading competition

To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition.
You have nothing to lose!
Come and join the fun, and help us launch the mainnet faster! https://t.co/2NK8LVVAGY
— CZ Binance (@cz_binance) March 1, 2019

The Malta-based startup announced Friday that it is going to distribute $100,000 worth of rewards in its “testnet trading competition.” The round will allow participants to create a wallet and exchange tokens on the Binance decentralized exchange (DEX) testnet.
According to the official announcement, the exchange is taking this step to increase awareness of Binance DEX within the Binance Chain community. The eligibility for the competition is that all users who hold at least 1 real BNB on their Binance account will be eligible to participate in this Binance DEX Simulated Trading Competition. Each Binance.com account will be able to register a maximum of 20 Binance Chain addresses and will receive 200 virtual testnet BNB tokens to each address to use as their starting funds before the Binance DEX trading competition begins.
The notification also states that All data on the Binance Chain testnet will reset right before 08:00 AM (UTC) on March 7, with all existing asset balances being cleared. After the reset occurs, the competition will begin
The Competition comprises of 2 sets, first being Token Competition for Healthy Price Volatility and second being Absolute Return Competition. The reward structure for the first competition is laid out as
1st Place: Wins 3,000 BNB
2nd Place: Wins 2,000 BNB
3rd Place: Wins 1,000 BNB
While the reward structure for second competition is put forward as
1st Place: Win 1,000 BNB
2nd Place: Win 700 BNB
3rd Place: Win 300 BNB
4th-10th Place: Split 1,000 BNB
11th-20th Place: Split 1,000 BNB
According to an interview pertaining to this announcement CZ mentioned
“We try hard to disrupt ourselves, improve ourselves, and push the industry forward,”  where he also added that Binance DEX is their one of many attempts in introducing blockchain technology to the world. He also mentioned “We will leverage any and all of our resources to push the Binance DEX forward. In this instance, Binance.com is sponsoring a trading competition and bounty programs to help the development of Binance DEX. We hope this competition will help us iron out any remaining issues, and speed up the launch of the Binance Chain mainnet. Please join the competition, there is no cost. You trade with testnet tokens, to win real BNB!”
The news of DEX giveaway competition led BNB to a positive territory. The coin jumped 5 percent where the majority of the market was still underperforming.

Binance’s DEX and Binance Chain hold the key toward the exchange’s future. Their success will indirectly bring success to BNB coins. This is one of the reasons a lot of people are trusting BNB to achieve success in years to come
Will BNB be one of the top coins in 2019? DO let us know your views on the same.
The post Binance Offers USD 100k Worth Of BNB To Users To Test Its DEX appeared first on Coingape.
Source: CoinGape

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

CoinSpeaker

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

Binance launched its much expected decentralized exchange (DEX) to increase security and efficiency of its services and the markets love it with the BNB coin appreciating by over 75% within days.

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

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Source: CoinSpeaker

Binance DEX Testnet Launched, BNB Breaks into a New ATH in BTC Market

“Fast and secure decentralized digital asset exchange. The new cryptocurrency trading standard is here,” states the website of the brand new launched Binance DEX.
The much anticipated Decentralized exchange (DEX) of the world’s largest cryptocurrency exchange Binance has finally launched its testnet for public testing. Binance DEX aims to bring the best of its centralized exchange’s features in a decentralized setting.

As Binance CEO, Changpeng Zhao better known as CZ has pointed out previously, the focus of the DEX would be on security, user-friendliness, and speed. Recently, in an interview, he had shared,
“The user interface on Binance DEX is similar to the interface of Binance.com. Fast, secure and user-friendly. We envision the Binance Chain to help grow the community and further crypto adoption and accessibility.”
Recently, in a blog post, Binance had shared that the common problem that exiting DEXs face is in the form of difficulty in attracting the users which is due to less intuitive user experience, speed, and liquidity issues.
But Binance is all set to tackle this issue of reaching a wider user base head-on as they are in a “unique position” to run a secure exchange platform that processes billions of attractions with speed as it’s all about “replicating” the success of its market-leading centralized exchange into the decentralized realm.
No doubt, Binance is best suited for this challenge. Even despite the demand from the users, existing DEXs haven’t been able to live up to their expectations, however, Binance DEX is hitting just the ‘pain point’ of the users by offering this community initiative with low trading fees, user-friendly, and a safe and secure platform. Apart from near-instant transactions finality with an order matching engine, it allows its users to hold their own keys.
Binance DEX Hit the Right Chords for BNB Price
“BNB, currently an Ethereum ERC20 token, will be migrated to Binance Chain to become the native asset of the new blockchain,” mentions the official BInance DEX website.
In the past 24-hours, BNB has taken a hike of more than 15 percent at $$11.16. In the BTC and ETH market as well, it is up by 14 and 17 percent respectively, according to the data provided by Coinmarketcap.

        BNB Price Chart, Source: Coinmarketcap
Since mid-December, Binance’s native currency BNB has been on an upward movement and now the launch of Binance DEX has given the 10th largest cryptocurrency another boost. As a result, BNB has made a new all-time high (ATH) in the BTC market.
The post Binance DEX Testnet Launched, BNB Breaks into a New ATH in BTC Market appeared first on Coingape.
Source: CoinGape

Binance Set to Release Its Decentralized Exchange for Public Testing Next Week

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Binance Set to Release Its Decentralized Exchange for Public Testing Next Week

CEO of Binance has announced the date when their new decentralized platform called Binance DEX will be launched for public testing.

Binance Set to Release Its Decentralized Exchange for Public Testing Next Week

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Source: CoinSpeaker