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 […]
The post Binance burns BNB tokens worth $24 million in its quarterly burn program appeared first on AMBCrypto.
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 […]
The post Binance displays prices in INR, even as Indian exchange bites the dust appeared first on AMBCrypto.
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 […]
The post Is Binance 2.0 and margin trading really accessible for ‘everyone?’ appeared first on AMBCrypto.
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 […]
The post Libra greeted with mixed reactions as Facebook takes a giant leap into the cryptocurrency space appeared first on AMBCrypto.
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

Binance CEO Gives ‘Fitting Reply’ To Craig Wright Over Appalling Allegations

Craig Wright, who is persistent with his claims of being Satoshi Nakamoto, the creator of Bitcoin [BTC] has accused Binance of being involved in human trafficking and prostitution. He accused Tether and Bitfinex of the same crimes. In a recent Bitcoin Satoshi Vision [BSV] Conference he said,
“Right now Illegal operations pumping money in Tether and Binance. Illegal use of people smuggling. Right now 30% of Binance money funds women in prostitution.”
It was brought to the notice of the CEO of Binance by Peter McCormack and Max Keizer. Nevertheless, Changpang Zhao was calm and probably gave a fitting reply to the allegations.
attention is probably what he wants… We ignore stupid stuff, and focus on things that matter. #BUIDL
Peter McCormack vs Craig Wright
Craig Wright has sued Peter McCormack for defamation and asked for an apology in open court while accepting the fact the, he is in fact, Satoshi Nakamoto. Peter McCormack, tweeted to this,
One thing I refuse to do is accept or say in court that Craig Wright is Satoshi and that BSV is the real Bitcoin.
Moreover, the many members from the crypto-Twitter community have extended their support by offering to participate in crowdfunding for the legal expenses of the case. However, McCormack has insisted that,
Please stop harassing people telling them they have to financially support my defence. If I choose to crowdfund then I’ll post an address which will be optional and [Jake Chervinsky] will audit the use of funds. I have options before I go down this path.
He has also decided to defend the case and expressed the fact with new-found vigor.
An Australian registered as a citizen from Antigua and Barbuda, financed by a Canadian is looking to use the libels laws of “my home country” to sell a lie, I look forward to defending this.
He has also continued to make satirical comments on Craig Wright and Calvin Ayre unabashedly. The price of Bitcoin SV [BSV] also broke below $190 a roller-coaster ride due to the spread of the ambiguous and then, possibly fake news rumor in China.
Moreover, with a certain amount of controversy and extreme price fluctuation, it is clear that the identity of Satoshi would create more problems for cryptocurrency markets than it would solve. Hence, he claims must be put to a stop as he hasn’t been able to prove them either. The real Satoshi acted anonymously for a reason which must be respected.
Also Read: How To Prove the Real Identity of Satoshi Nakamoto, the Creator of Bitcoin? CZ Suggests
Do you think that the ‘playing dirty’ tactics would work for Craig now that everything else seems to be failing? Please share your views with us. 
The post Binance CEO Gives ‘Fitting Reply’ To Craig Wright Over Appalling Allegations appeared first on Coingape.
Source: CoinGape

Binance margin trading will reportedly not be open for USA, North Korea, Iran, Cuba and Crimea accounts

Binance, one of the leading cryptocurrency exchanges, would reportedly not be providing its margin trading services to customers in the United States of America, according to a Reddit post. A user, Lifofifo who had previously pointed out that the exchange’s API had enabled the margin trading flag for nine cryptocurrency trading pairs posted an updated.
The Redditor stated,

“Today, I found the actual UI for it all. Take a look at it yourself – https://beta.binance.com/en/trade/BNB_BTC It seems the margin trading is very imminent. Margin trading WILL NOT be available to US accounts.”

Notably, the service will be unavailable for accounts not only in the United States of America but also in Iran, Cuba, Crimea, and North Korea.
Source: Reddit
Source: Binance Margin Trade Beta Phase
The exchange had recently confirmed the rumors of launching a margin trading platform by unveiling its new interface on its social media platform. However, the exchange is yet to make an official announcement on the cryptocurrencies that would be available on its margin trading platform. So far, based on the initial Reddit post, the exchange’s API has enabled margin trading flag for BTC/ USDT, BNB/ BTC, BNB/ USDT, ETH/ BTC, ETH/ USDT, TRX/ BTC, TRX/ USDT, XRP/ BTC, and XRP/ USDT.
DTDstarcraft, another Reddit user said,

“Binance will just be a straight up casino, scary scary stuff”

Recently, a well-known trader, Jacob Canfield made a “future prediction” about Binance launching a margin trading platform. The trader stated that this service would allow the exchange “to capture a majority share of the margin trading market” from BitMEX and Bitfinex, exchanges that are currently placed on the top in terms of margin trading. He also stated that this would pave the path for Binance Coin [BNB] to become one of the top three tokens in the “near future”. He stated,
“Congrats to @cz_binance for the new platform upgrade and listening to the community.”
The post Binance margin trading will reportedly not be open for USA, North Korea, Iran, Cuba and Crimea accounts appeared first on AMBCrypto.
Source: AMB Crypto