Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens

Coinspeaker
Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens
Even though Binance currently gets approximately 15% of traffic from U.S. customers, they announced that they will stop serving US individual and corporate customers on Binance.com in September.
Will Binance’s ‘Short Term Pains’ Prove Worthy of ‘Long Term Gains’ for US Citizens

Continue reading at Coinspeaker
Source: CoinSpeaker

Founder of Tron and Litecoin along with Binance CEO to Play Poker for Charity

A poker tournament has been organized by Binance Charity Foundation to be held on 16th June 2019. The tournament will be hosted on TRONbet, which is an online Blockchain gaming platform.
The 1st Annual Binance Charity Poken tournament will include major league players, as well as leading cryptocurrency developers Charlie Lee of Litecoin [LTC], Justin Sun of Tron [TRX] and CEO of Binance Changpeng Zhao. The participants of the final table are listed on the website as well.

Are you ready for Binance Charity Poker Cup?Starting in 52 hours! Don't miss it! https://t.co/ES2oSQGhPF#TRON #TRX #Ante #charity #Binance #litecoin #ltc #poker #tournament pic.twitter.com/z4ReAOCOZ2
— Ben_TRX (@Ben_TRX) June 12, 2019

Also Read: Binance CEO Turns Down Justin Sun’s Invite to a Lunch with Warren Buffet
An auction for a seat at the table is won with a bet 888,888 TRX tokens worth about $30,000 to play against these people. Justin Sun announced the winner this morning through a tweet,
[Tron Address of the Winner] You have won the seat to the final table + ALL-inclusive trip to tour TRON w/ @justinsuntron !
The goal of the Charity Poker game is to raise funds for children in Africa. Blockchain social gaming platform, TRONbet will be used to fundraise for the process.
“By utilizing the concept of wealth redistribution made possible with the ANTE token, we hope to extend this concept globally through the Binance Charity Foundation.”
The Charity event also includes a lucky draw under the raffle scheme of raising money. It is a method of the distribution of tickets to a lucky draw based on the donation amount. Donation is open till June 14th 10:00 PDT. The donation can be made in Binance Coin [BNB], Litecoin [LTC], and Tron [TRX].
How much money do you think will they raise at the event? Please share your views with us. 
The post Founder of Tron and Litecoin along with Binance CEO to Play Poker for Charity appeared first on Coingape.
Source: CoinGape

Binance Coin-pegged investment funds launched by investment firm, EXANTE

2019 has been a good year for the cryptocurrency space, with several digital assets posting significant gains after the troubles of the crypto-winter towards late-2018. Parallelly, crypto-exchanges have been making waves in the industry as well, with Binance launching Binance DEX and the GBP-backed stablecoin in the works. Binance’s native token, Binance Coin, surged by more than 450 percent in 2019, at press time.
According to a recent report, EXANTE, a financial investment company, has announced the launch of a new investment fund that will be directly pegged with Binance Coin [BNB]. Speculators believe that the announcement may have a positive impact on BNB’s price valuation, as the decision serves as a new gateway into the crypto-ecosystem for new investors. EXANTE customers already have the option to trade with over 20 other investment funds, pegged to other virtual assets.
EXANTE also shares headquarters with Binance in Malta, and was one of the first investment companies to start a Bitcoin fund back in 2013, when the concept of Bitcoin was not widely understood.
Additionally, the BNB coin has surprisingly gathered tremendous attention in terms of mass adoption, with the latest development allowing it to be traded using Visa and MasterCard. This association is thus considered a major landmark in terms of mainstream adoption and involvement of non-crypto players.
The future seems bright for Binance as it currently stands as the largest cryptocurrency exchange in the world, while BNB maintains an upward growth trajectory in terms of value and popularity. Given BNB’s stellar performance in 2019, industry expert speculate the company will soon peg Binance next to their investment funds.
HeadLine: Binance token to power fiat investment funds
Tag: Cz, Binance community
#crypto #BNB #Binance #altcoin #cryptocurrency
The post Binance Coin-pegged investment funds launched by investment firm, EXANTE appeared first on AMBCrypto.
Source: AMB Crypto

Vitalik Buterin: Bitcoin SV is a Scam but Binance May Be Centralizing Its Power

Coinspeaker
Vitalik Buterin: Bitcoin SV is a Scam but Binance May Be Centralizing Its Power
Ethereum co-founder Vitalik Buterin has publicly questioned both Binance and Bitcoin SV in an interview he gave to YouTuber Hardcore Crypto. He called Craig S Wright’s Bitcoin SV a “complete scam”.
Vitalik Buterin: Bitcoin SV is a Scam but Binance May Be Centralizing Its Power

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance CEO Turns Down Justin Sun’s Offer to Join $4.5M Lunch with Warren Buffett

Coinspeaker
Binance CEO Turns Down Justin Sun’s Offer to Join $4.5M Lunch with Warren Buffett
Changpeng Zhao of Binance declined an offer to attend Justin Sun’s $4.5 million lunch date with Warren Buffet before taking a jibe on the legendary billionaire for his vehement criticism of cryptos.
Binance CEO Turns Down Justin Sun’s Offer to Join $4.5M Lunch with Warren Buffett

Continue reading at Coinspeaker
Source: CoinSpeaker

Peter McCormack Might Pay Craig Wright More Than £700,000

Coinspeaker
Peter McCormack Might Pay Craig Wright More Than £700,000
Peter McCormack shared the details of how Wright’s libel case against him has been developing. He now has to decide on how to act regarding the libel accusation and choose one of the options he has.
Peter McCormack Might Pay Craig Wright More Than £700,000

Continue reading at Coinspeaker
Source: CoinSpeaker

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

New Tweet ‘Binance 2.0 is Ready at 90%’ Pushes Binance Coin (BNB) Price Above $33

Coinspeaker
New Tweet ‘Binance 2.0 is Ready at 90%’ Pushes Binance Coin (BNB) Price Above $33
Binance, one of the world’s crypto exchanges, is testing the patience of its followers with the 2nd mysterious tweet about Binance 2.0.
New Tweet ‘Binance 2.0 is Ready at 90%’ Pushes Binance Coin (BNB) Price Above $33

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance Chain Welcomes Video Economy Thanks to Verasity

Coinspeaker
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

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance Reports Higher Order Volume than in December 2017 Peak; Is another Bull Run here?

The year 2017 is an important one in the history of cryptocurrency and Bitcoin in particular. It was the year when Bitcoin reached its all-time high price and several peaks were recorded then including order volume on Binance. However, the exchange through the CEO Changpeng Zhao has just announced that they are seeing higher order volume than they did at the end of 2017 which was the highest until now.
Another bull run in sight?
It is quite obvious that the higher order volume recorded on Binance at the end of December in 2017 was an indication that a bull market was coming, hence the correlation. Now that the order volume even exceeds that of 2017, could it be a suggestion that a nigger bull run may be around the corner? Only the order volume exceeds that of the December 2017/January 2018 peak though.
The exchange also reported that the trade volume is only 1/3 of the peak while Bitcoin and Ethereum prices are at 1/3 and 1/5 of the peak prices respectively. The remaining altcoins are at lower fractions of their peaks during the 2017 bull run. Some Twitter users who reacted to the announcement say the increased volume suggests that the ecosystem is maturing and Binance has to brace up to handle the pressure of an impending massive bull run.
Also Read: Binance Coin [BNB] Trades at $31 After Binance’s Release of 2.0 Treasure Tweet
Many other 2017 trends repeating
Binance has just announced its own repetition and surpassing of 2017/2018 peak for order volume. Several other such patterns have also been reported such as increased transaction fees for Bitcoin to $4 which was last observed in December 2017 and was found to characterize bull markets. The number of confirmed Bitcoin transactions also reportedly reached 2017 high at the end of April this year. All these repeated patterns raise several questions among cryptocurrency enthusiasts, but the most important may be whether the market is gearing up for another massive bull run that may exceed that of 2017.
The post Binance Reports Higher Order Volume than in December 2017 Peak; Is another Bull Run here? appeared first on Coingape.
Source: CoinGape

Bitcoin Mass Adoption is ‘Inevitable’ as Square Moves Closer to Its Crypto Project Launch

Coinspeaker
Bitcoin Mass Adoption is ‘Inevitable’ as Square Moves Closer to Its Crypto Project Launch
Square said they plan to “improve money” through their Bitcoin and crypto development, while Square Crypto is poised to hire its first dedicated employee, with many cryptocurrency investors hoping Square will lead a wave of fresh bitcoin adoption.
Bitcoin Mass Adoption is ‘Inevitable’ as Square Moves Closer to Its Crypto Project Launch

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance’s CZ asks people to embrace crypto; warns non-users against being left out in the future

Consensus 2019 and Blockchain Week NYC witnessed a flurry of developments in the crypto-sector. Many in the community speculated the rise in institutional adoption to be the cause of the massive surge in Bitcoin prices and the collective cryptocurrency market’s value. The long sought after market recovery propelled the digital coins to break several resistance points, despite cooling down shortly after.
The most recent development making headlines was the Gemini and Flexa partnership. In a bid to enable users to purchase from prominent retailers across the US, like Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, and Crate & Barrel, among others, the leading digital currency exchange collaborated with the payment solution provider channel.
While speaking at the 10th Asian Leadership Conference 2019 in South Korea, Binance CEO Changpeng Zhao aka CZ, commented,
“If you don’t want to be left out in the future, you will have to embrace it.”
CZ  added that cryptocurrencies “could not be ignored” and added that the ones who are doing so would end up making themselves “poorer”.
According to the CEO of one of the world’s leading crypto-exchange platforms, Bitcoin [BTC] or cryptocurrencies, do not fall under the category of traditional assets. He said that digital coins are neither securities nor commodities, adding that they are not even “currencies”, but something very different and unique.
In his presentation, CZ also mentioned that if someone was trying to “nib Bitcoin in the bud”, then it would imply that they simply “don’t understand” it. He added,
“If you want to ban Bitcoin, which many people have tried, then all you’re doing is just excluding yourself from the future of finance. “
The post Binance’s CZ asks people to embrace crypto; warns non-users against being left out in the future appeared first on AMBCrypto.
Source: AMB Crypto

Binance Restarts Services Pushing BNB Price to 2019 All-Time High

Coinspeaker
Binance Restarts Services Pushing BNB Price to 2019 All-Time High
Binance resumes its activities after a forced suspension due to the security reasons. Binance Coin (BNB) price climbs high in reaction to the news.
Binance Restarts Services Pushing BNB Price to 2019 All-Time High

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin [BTC]: Any reorg can potentially undo the foundational features of Bitcoin, claims Adam Back

Binance CEO Changpeng Zhao’s consideration of an ‘urgent reorg’ as a measure for damage control divided the Twitter community. With most supporters despising CZ’s decision, Peter McCormack discussed the probable outcome on the crypto-ecosystem with Adam Back (Blockstream) and Bryan Bishop (Bitcoin Core Developer), if such a block reorg were to happen in the future.
The interview questioned CZ’s intent behind the block re-org for returning the stolen funds, with Back explaining the technical complications that can compromise exchanges. He further clarified that any type of “reorg can potentially undo the foundational features of Bitcoin like censorship resistance and unfreezability.”
Back added,
“It’s a mockery to electronic cash systems. It loses interesting properties that are baked into the way people use it [BTC] in exchanges.”
Supporting Back’s statement, Bishop shared that few exchanges cannot undergo a reorg as it will require a wholesale replacement of expensive mining equipment. He also explained how this ‘limitation’ helps business leaders like CZ to avoid such decisions during ‘panic mode.’ He backed his explanation by saying,
“If you want to reassemble 51% of the network, you have to coordinate with more people and all these power users are far less likely to follow the expediency of the day.”
Back also highlighted Greg Maxwell’s idea of introducing smart contracts and immutable hardware configurations as a way to prevent GPU-based miners to change/bend the rules. When McCormack stressed on miner’s capability to perform a reorg, Bishop stated that “it will kill the network.” He clarified,
“The existence of alternative blockchains that use the same proof of work function is actually a bad thing because that actually splits up the hash rate onto multiple networks and it lowers the cost of forging an alternate history.”
While CZ was quick to put out the reorg fire with a followup tweet, the crypto ecosystem is yet to find closure after the 7000 BTC hack.
The post Bitcoin [BTC]: Any reorg can potentially undo the foundational features of Bitcoin, claims Adam Back appeared first on AMBCrypto.
Source: AMB Crypto

If eBay Rumor is True, Binance Coin (BNB) could double to $40

Binance Coin (BNB) up 5.8 percent
Binance and eBay could link up

There is no official confirmation, but rumor has it that eBay could announce their support of Binance Coin (BNB). The platform is one of the largest in the world, and that resulting demand could thrust BNB towards $42.
Binance Coin Price Analysis
Fundamentals
At spot rates, Binance Coin is trading above $20, up 5.8 percent from last week’s close. Well, if anything this is bullish and an indicator of how Binance Coin (BNB) bulls are resilient even after a reputation-damaging hack.
As the native coin of the Binance Chain and facilitator of Binance, it was natural for BNB to retrace in light of the $40-million heist. However, the recovery is impressive, and as the Changpeng Zhao updates the community on progress or system overhauls, BNB is printing higher.  Withdrawals and deposits resume today:
“Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later.”
Even so, what could further lift BNB is if eBay offers support for the asset. With 179 million users across the globe, the platform is one of the largest marketplaces in the world. Therefore, its support would no doubt aid in driving adoption, increasing demand for the coin as BNB surge higher.
Candlestick Arrangements

Currently, Binance Coin (BNB) is stable in the last 24 hours but trading within a bullish breakout pattern. Despite the retracement in the first week of the month, bulls are back correcting the under-valuation of May-10 in a bull trend resumption phase. Because of this, every dip is another loading opportunity for traders aiming at BNB’s all-time-highs at $26.
Furthermore, note that prices are reacting from the 61.8 percent Fibonacci retracement level of the coin’s recent leg up. From this supportive price action and bullish fundamentals, it is likely that BNB will edge higher in days ahead.
However, it is after prices edge past May-13 highs of $26 that risk-averse traders can load up with targets at $40 or the 161.8 percent Fibonacci extension level anchored on BNB’s all-time high-lows.
Technical Indicator
Our reference bar is Mar-5 bull bar. It is wide-ranging and breaks above the main resistance line at around $12. For upswings toward $42, then any break above $26 must be with high transaction volumes exceeding 4.88 million of Mar-5.
Chart courtesy of Trading View
The post If eBay Rumor is True, Binance Coin (BNB) could double to $40 appeared first on NewsBTC.
Source: New feedNewsBTC.com