IEOs performance up by 550% in Quarter 2 of 2019; will exchange offerings continue to rise?

Will IEOs be dealt the same fate as ICOs? Or will it chart its own path? Exchange offerings seem to be the new “in-thing” within the cryptocurrency space. In the span of six months, several exchanges have set-up their own ‘launchpads’ and are inviting companies to launch their tokens, with incredible success. Although the exchange […]
The post IEOs performance up by 550% in Quarter 2 of 2019; will exchange offerings continue to rise? appeared first on AMBCrypto.
Source: AMB Crypto

Binance Updates IEO Rules on Its Launchpad

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Binance Updates IEO Rules on Its Launchpad
Binance Launchpad lottery rules have been updated. As it has been revealed by the company, it extends Binance Coin holding period implementing a number of others minor changes.
Binance Updates IEO Rules on Its Launchpad

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Source: CoinSpeaker

Ethereum whale linked to flash crash on Bitstamp resurfaces with a massive buy order

An Ethereum whale is speculated to have caused a market crash on July 14, with a sell order of approximately 15,000 ETH pulling the price of Ethereum down from $290 to $190. This crash is understood to have bled over to Bitcoin, contributing to the king coin’s price slumping from $10,800 to $9,100, a massive […]
The post Ethereum whale linked to flash crash on Bitstamp resurfaces with a massive buy order appeared first on AMBCrypto.
Source: AMB Crypto

Binance Announces Support for Stellar[XLM] Staking – Price Shoots Up Over 14%

On July 18, 2019, one of the largest crypto exchanges, Binance has shared a blog post, entitling “Supporting and sharing stellar staking”. In a detailed blog post, Binance mentioned that they have recently discovered the figures of reward that it had unknowingly generated from staking Stellar/XLM tokens.
According to the reports, Binance exchange has unintentionally earned reward from staking the stellar tokens and now the company has discovered the amount accumulating 9,500,000 XLM being credited to Binance.com. The blog mentioned that Binance had already earned 9,500,000 XLM which is approximately equivalent to USD 775000 at press time. It had also given a link to see the reward that was being credited to Binance.com. You can see it —> here
When we discovered this, we made two decisions: to immediately add staking support for XLM and to share the XLM rewards we gained to the entire community, the blog reads
Following the update, Binance CEO, CZ states that;

Move your coins to @Binance from anywhere and enjoy hassle-free staking rewards.
And if you do it this month, you get almost a years worth of rewards. Are you moving those $XLM now? https://t.co/PAuOYLvvte
— CZ Binance (@cz_binance) July 18, 2019

Binance Announces XLM staking and 9.5 Million Stellar Giveaway
As per the Binance crypto exchange, this reward figure counts from Aug 31, 2018, and the exchange had said that it will share this reward between all XLM holders in the Binance community as of July 20. Counting from today, XLM holders in the Binance community will receive the reward on staking XLM on their Binance account – accordingly, the exchange will keep a daily record of XLM balances on your Binance account. Following the process, On Sept 1, the exchange will verify the amount of reward of all binancians who staked XLM tokens for 40 days besides that they will also receive a bundled bonus payment of XLM staking rewards.
This means that on September 1, Binancians who staked XLM tokens will get a bundled bonus payment of XLM staking rewards, including the regular monthly staking reward from the 40-day period and the one-time distribution of 9,500,000 XLM shared proportionately among Binance users, which is estimated to be worth 10 to 12 months of typical monthly rewards.
Stellar (XLM) Scoring Higher
This might be one of the big deal for all XLM holders and for XLM token itself – this is because XLM coin at press time began surging its trading volume. At the time of writing, the value of XLM shoots up by 14.09 percent over the past 24 hours. Nevertheless, the token is currently trading at $0.088 against US Dollar and market cap at $1,732,801,168 by standing on the 10th largest spot on the Coinmarketcap.
Stellar Chart | Coinmarketcap
The post Binance Announces Support for Stellar[XLM] Staking – Price Shoots Up Over 14% appeared first on Coingape.
Source: CoinGape

Binance Singapore lists Litecoin as the CZ-led exchange works towards strengthening its global dominance

Keeping its users and the general cryptocurrency community informed has been Binance’s strong suit and has contributed to people associating the exchange with transparency. Binance is in the news yet again after Binance Singapore listed Litecoin [LTC], the fourth largest cryptocurrency in the world. LTC, popularly known as the silver to the Bitcoin’s gold, was […]
The post Binance Singapore lists Litecoin as the CZ-led exchange works towards strengthening its global dominance appeared first on AMBCrypto.
Source: AMB Crypto

Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job

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Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job
After keeping silence for more than a year after kidnapping, former EXMO analyst Pavel Lerner has given his first interview to the media.
Former EXMO Analyst Pavel Lerner About His Kidnapping, Security, and New Job

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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

Binance Coin [BNB] Slips Down at #8 Rank on CMC – Here’s How CZ Responds

The native token of Binance crypto exchange has slipped down to an 8th spot on the graph of Coinmarketcap (CMC). While other cryptocurrencies are running upward, Binance Coin (BNB) followed the backward path.
Binance Coin Slips From 6th Spot to 8th Spot on CMC
One of the largest crypto exchange, Binance has recently celebrated its two years anniversary and had finally launched the long-awaited feature, Margin Trading for eligible traders. However, on July 11, 2019, the exchange has announced that it completed the eighth Binance Coin (BNB) token burn event.
In addition, it had also stated that the exchange is intending to burn team allocated BNB tokens, counting 808,888 BNB. This comes in a wake of the company’s commitment of burning 100 million BNB tokens wherein team’s allocation counts at 40% of the total supply.
On the day of Binance’s anniversary (July 14, 2019), BNB was valuing the market capitalization of $4.1 billion, resting as a sixth-biggest crypto asset on Coinmarketcap.
Comparatively, BNB sided down to the eighth spot, losing its major value and counting with the market cap of $3,076,609,022. At the time of writing, BNB is trading at the value $28.18 against US Dollar and showing the decline of 0.27 percent over the past 24 hours.
Crypto Market | Coinmarketcap
CZ’s Responds to Declining Volume
The effect of BNB’s declining value can be quickly captured at the Twitter handle of Binance’s CEO CZ who posted a tweet, observing, “CMC just gave an 80M BNB haircut. He apparently adds that CMC’s calculation of circulating supply works well for mining coins and not projects with burn (BNB).

CMC just gave an 80M BNB haircut. They way CMC calculate Circulating Supply works only for mining coins, it does not work for projects with burn, unlocked team allocations, etc.
Oh well, more room for $BNB to grow. 🙂 pic.twitter.com/ogSCCCvDEb
— CZ Binance (@cz_binance) July 16, 2019

It’s worth to note that, Tether dethrone BNB at sixth spot and EOS at the 7th spot. At the current time, Bitcoin and other leading altcoins are experiencing a positive movement their volumes whereas BNB is the only asset with a negative remark of 0.27 percent over the past 24 hours (under the top 10 cryptocurrencies on CMC)
BNB Marketcap | Coinmarketcap
Featured Image – Shutterstock
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Source: CoinGape

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

Time to Sell Your BNB? Price Drops 7% Following Token Burn

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Time to Sell Your BNB? Price Drops 7% Following Token Burn
Since the token burn, BNB price has dropped from around $32 per token, to close to $28.3 per token at press time, according to CoinMarketCap. This is a drop of around 7%.
Time to Sell Your BNB? Price Drops 7% Following Token Burn

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Source: CoinSpeaker

CZ Binance: Retail Investors are Steering The Crypto Price Rally

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CZ Binance: Retail Investors are Steering The Crypto Price Rally
Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, thinks Binance CEO ChangPeng Zhao. He states that this growth is partly due to increased margin trading availability.
CZ Binance: Retail Investors are Steering The Crypto Price Rally

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Source: CoinSpeaker

Binance Coin tipping made available on Binance’s 2nd anniversary by CoinKit

Binance is officially two years old and is one of the most successful crypto exchange in the world with over 40 million visits every month. In lieu of Binance’s 2nd anniversary, CoinKit announced that it has integrated Binance Coin for tipping on their platform. To celebrate the 2 year anniversary of Binance, we have decided […]
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Source: AMB Crypto

This Week in Cryptos: Fed Chair Speaks of BTC and Gold While Binance Launches Margin Trading

Key highlights

Fed Chair compares BTC & Gold
SEC Approves First Two RegA+ Tokens
Miami Dolphins accepts LTC
Chinese Police Seize 4,000 Cryptocurrency Miners
Binance launches margin trading

Fed Chair compares BTC & Gold
In an interesting turn of events this week, Federal Reserve Chairman Jerome Powell said that he can foresee a return to an era where multiple currencies are in use in the United States. During Powell’s testimony before the Senate Banking Committee on Facebook’s planned Libra cryptocurrency, he said “Almost no one uses bitcoin for payments, they use it more as an alternative to gold,” he said Thursday afternoon. “It’s a speculative store of value.
SEC Approves First Two RegA+ Tokens
Slowly but steadily, this week, SEC should sign of moving positively towards cryptos. This week, SEC approved First Two RegA+ Tokens, Blockstack, and Props. This green light from the regulator meant the companies could now raise funds through token sales. Props, a spin-off of influencer live-streaming app YouNow, already raised $21 million in a pre-sale with the likes of Union Square Ventures, Comcast, Venrock, and Casey Neistat and will not be raising any money with the RegA+. Blockstack, on the other hand, is seeking to issue a limited amount of “stacks,” which will allow users to purchase domain names, personal identities, and network traffic on the Blockstack network.
Miami Dolphins accepts LTC
This week, another sports team associated itself with cryptos. And its NFL’s Miami Dolphins. Announced by the Litecoin Foundation this week, the partnership between the NFL team and Litecoin will kick off on Sept. 5 – the start of the 2019 NFL season where the Dolphins will accept Litecoin as their “official cryptocurrency.” With this partnership in place, Dolphins fans, at home games at the Hard Rock Stadium, will be able to pay with Litecoin and bitcoin when buying tickets for the Dolphin’s 50/50 raffle, which gives half of the proceeds to the Miami Dolphins Foundation and its charitable causes.
Chinese Police Seize 4,000 Cryptocurrency Miners
Moving across the Eastern countries, this week saw some bad news coming from China. Police in Jiangsu, an eastern-central coastal province in China, seized 4,000 miners that were being used to illegally mine cryptocurrency at nine different factories. The police launched an investigation after a local power firm reported an abnormal electricity consumption spike that led to an energy loss of about $3 million.
Binance launches margin trading
Another service addition but Binance to enhance its offerings and its margin trading. In a company announcement, Binance CEO Changpeng “CZ” Zhao said that the new platform will serve to amplify “trading results of successful trades.” Using the new Margin Trading platform, users can leverage their digital assets in order to borrow funds from Binance. They can then trade the borrowed money — a practice that comes with high risk but also allows for amplified profit potential.
The post This Week in Cryptos: Fed Chair Speaks of BTC and Gold While Binance Launches Margin Trading appeared first on Coingape.
Source: CoinGape

Binance coin leads the up/down capture chart among major coins; Ethereum brings up the rear

As crypto-users wait for a bull run followed by an alt-season, Jeff Dorman, Chief Investment Officer [CIO] of Arca, a full-service investment management firm, has suggested another way to look at the performance aspect of individual cryptos. Dorman’s company Arca owns Ethereum [ETH] and LEO but according to Dorman, Ethereum may be one of the […]
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Source: AMB Crypto