Binance Goes on Temporary System Maintenance With No Trading Activities

There was a sudden shock, confusion, and fear in the Crypto Twitter community as Binance website became inactive with no trades for over 20 minutes. Some members of the community report that there are no trades shown on the UI when users log in.
Unscheduled maintenance
The Binance team after about half an hour of silence has made an announcement that it is on temporary system maintenance that could last for three hours or more. According to the team, the system automatically shut down after detecting a disk failure to avoid any data loss or corruption. Users funds are completely safe according to the update
However, all deposits, withdrawals, and trading are suspending during this time and uncompleted deposits will be completed when the maintenance is complete. The maintenance started by 20:00 UTC and the team promises to keep the community updated on progress.
Source: Twitter
Everything is back to normal
Binance suffered a hack in May that led to the loss of over $40 million of users’ money. An investigation is still ongoing as to how the hack happened and ways to improve security to avoid such loss in the future. Some Twitter users who are likely Binance customers expressed fears of a possible hack. Some of the responses are as follows:
“It’s to late. We’ve lost it all” – @JaminXBT
“we’re at 27 minutes now And im getting scared” – @kamese0331
A follow-up announcement, however, confirms that the system is back on and no data was lost. Also as promised, no funds lost so the panic can be over finally.

The post Binance Goes on Temporary System Maintenance With No Trading Activities appeared first on Coingape.
Source: CoinGape

Trust Wallet Now Fully Supports Binance DEX

Trust Wallet Now Fully Supports Binance DEX
Initially being Ethereum-only wallet, and then making the transition over to a multi-currency wallet, there appears to be nothing that stops the team at Trust Wallet. Now the platform proudly announces long-awaited integration of Binance DEX.
Trust Wallet Now Fully Supports Binance DEX

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Source: CoinSpeaker

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

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 Trust Wallet Adds Elon Musk’s Favorite Cryptocurrency

Binance’s official blockchain wallet ‘Trust Wallet’ has recently listed Dogecoin (DOGE) cryptocurrency. DOGE is presently the 26th largest cryptocurrency on Coinmarketcap.
Trust Wallet Adds DogeCoin
Announced on April 17, 2019, via Trust wallet’s official blog, DOGE cryptocurrency is now available with other leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin, and more. Trust Wallet’s founder Viktor Radchenko sees DOGEcoin as the ‘decentralized, peer-to-peer digital currency’. Concerning DOGE’s support, Radchenko says that;
“Adding Dogecoin boiled down to these 3 major points: Very Science. Many Community. So Amaze !!”
Source: Coinmarketcap
Since past few days, DOGE was on breaking headlines with the famous public figure ‘Elon Musk’ CEO of Tesla’. As coingape reported, Elon Musk, for a short span, appeared to be DOGE Coin’s CEO which soon after pushed the price of DOGE to an increasing graph. However, Trust Wallet’s latest DOGE listing is the result of an earlier poll which showed DOGEcoin as the second highest ranked coin with an increasing demand among trust wallet users.
Per the Twitter handles of TrustWallet on April 10, 2019, DOGEcoin bagged the second rank with 28% – wherein Cardano ranked first with 35%, NEO with 19% and EOS with 17% respectively.
Source: Coinmarketcap
The blog further reads that they have reached out Elon Musk to discuss this matter but left out without any response – as he said, ‘he left the company’.
DOGE at press time sits at 26th spot with an average trading volume $336,268,650. The coin is declining with 0.19 % over the past 24 hours which affects its trading value against USD. Consequently, the coin is presently trading at a value of $0.002823.
Nevertheless to note that Huobi exchange also made an announcement of listing DOGEcoin on April 03, 2019. Huobi’s announcement indeed comes in a wake of Musk’s comment towards DOGE as favorite crypto. In addition, Frank Fu, the CEO of Huobi Global also embraced DOGE and calls it as ‘darling of the cryptocurrency community’. He said;
“Dogecoin has become the darling of the cryptocurrency community with an impressive market cap that currently exceeds USD 350 million,”
So readers, what do you think about Binance’s Trust wallet listing Dogecoin? Share your thoughts with us.
The post Binance’s Trust Wallet Adds Elon Musk’s Favorite Cryptocurrency appeared first on Coingape.
Source: CoinGape

Binance’s Trust Wallet Follows Coinbase Custody for Implementing Tezos [XTZ]

Binance Exchange has announced the addition of Tezos (XTZ) to its staking feature on the Trust Wallet. Recently, Coinbase Custody, a subsidiary of Coinbase also enabled staking for institutional investors. The first crypto of choice for Coinbase Custody was Tezos.
The other cryptocurrencies which can be staked on the Binance’s Trust Wallet are VeChain, Callisto and TomoChain.
Binance sent a tweet on 3rd April, 2019.
#Binance‘s official crypto wallet @TrustWalletApp announced support for @tezos $XTZ with staking set to launch in Q2.
A Multi-Purpose Wallet
The Trust Wallet is one of the most advanced cryptocurrency wallets with a plethora of features. Trust Wallet will be the core Wallet of the Binance DEX. It also has a built-in Dapps (Decentralized Applications) Web3 browser can be used to access Dapps.
Staking or forging is essentially purchasing voting or validating rights on the network. The cryptocurrencies are stored as custody for authentically authenticating the transactions on the system. In return, the forgers or nodes on the network are rewarded with the newly generated currencies after the confirmation or formation of a block.
Tezos (XTZ) Price to get another Push?
Tezos (XTZ) was trading 50% higher since the beginning of the year after Coinbase Custody announced the addition of Tezos along with the staking of the dPoS (Delegated Proof of System) token as well.
According to the update,
In addition, the crypto wallet app is preparing for the addition of native support for staking in the Tezos on-chain governance mechanism.
However, Tezos (XTZ) had maintained stability in terms of USD in the past two days when the majority of the cryptocurrencies showed a massive rise. The price of Tezos at 16: 00 hours UTC on 3rd March 2019 was trading at $1.01. Tezos is currently ranked 20th on Coinmarketcap w.r.t total market capitalization of cryptocurrencies.
Moreover, increased staking without the adequate volume of transactions on the network would hurt the price of the cryptocurrency as well. Nevertheless, the cryptocurrency markets seem to have turned towards the bullish side. Hence, staking the coins might yield the easiest and the most profitable long term investment on an asset.
The post Binance’s Trust Wallet Follows Coinbase Custody for Implementing Tezos [XTZ] appeared first on Coingape.
Source: CoinGape

Is Coinbase New Wallet’s DApp Support a Direct Threat to Existing DApp Wallets?

DApp industry is on a massive run these days. TRON DApps are leading the other DApps that are based on Ethereum, EOS and other built on other blockchain networks As such, these DApps are friendlier on their respective wallet for mass users – but an entry of Coinbase with its new wallet feature will pose a direct threat to existing DApp wallets.
Coinbase Focusing DApp Industry With its New Wallet App
The San Francisco-based crypto exchange, Coinbase has recently rolled a new wallet feature which will be directly linked with It lets users directly link their accounts’ crypto holdings with the new wallet – in the next few days. The blog post reads that;
“Once your Coinbase account is linked, you can easily transfer crypto to your Wallet app with just a couple of clicks, anytime you need it,”
Consequent to the announcement, Coinbase’s users with their account can buy digital assets and the platform itself store the keys centrally whereas the wallet app (new feature) will enable users to safeguard their own private keys.
At one point these feature sense new aspects for Coinbase users – on the other hand, it poses a direct threat to exiting DApp wallets such as TRONlink, Metamask, Infinito EOS wallet, POA, Steem, so on and so forth. This is due to the fact that Coinbase rolled yet another announcement for DApp users. The exchange explains that the Coinbase’s will let its users use the new wallet feature for DApp beside crypto assets. As such, DApp user can fund to Coinbase’s wallet to buy digital collectible tokens, play games or can also use open finance apps.
Whether you use Coinbase Wallet to store your own crypto or to use decentralized apps (i.e., “ DApps”), managing your funds across Coinbase products just got a lot easier.
Addressing the mass DApp users, Coinbase further explains that;
One of the major roadblocks to the user experience of DApps, has been funding your wallet in order to buy digital collectibles, play games, or use open finance apps such as Compound or Maker. Now, with this feature, funding your Coinbase Wallet from your account is just one click away. This gives all Coinbase customers an easy onramp to access the exciting world of DApps.
2019, The year of DApp – Exchanges Supporting DApp
However, it is still unclear that whether Coinbase can serve to DApp users that use TRON and other Wallet for betting decentralized applications (DApp) which usually not associated with KYC – because one who wishes to use Coinbase exchange or access its wallet has to undergo its Know your Customer (KYC) policy.
As the year 2017 witnessed the year of ICO, 2019 will likely witness the year for DApp. Existing players like TRON, ETH, EOS blockchains are continuously striving to capture increasing interest of developers and users. Given that, exchanges like Huobi and Coinbase is already eyeing to be the early platforms to enjoy the vast majority of DApp users.
Beside Coinbase’s announcement, Huobi exchange is reportedly supporting TRON DApp whereas TRON itself currently supports over 187 DApps and beyond 464 smart Contracts.
Users Comparing Coinbase Wallet with Binance’s Trust Wallet
It’s worth to note that the Coinbase’s new wallet feature wasn’t a positive move for many users – subsequently, one such user commented on a blog post of Coinbase, criticizing its feature and comparing it with Binance’s Trust Wallet.
In his comment, he mentioned;
OK, no mention of the obvious. You could previously do this by sending via the Ethereum network and paying the network fee. Does this new revelation still incur a network fee?
Secondly — the non-custodial wallet is horrible. You should take a look at Trust Wallet for inspiration. The QR scanner actually works and you can adjust the network fee to speed up transactions times.
Nevertheless to add that a user on social media also reported that his experience with Coinbase exchange was quite poor, noting that he had already shifted to Binance exchange. By tagging CZ, CEO of Binance Exchange, he says;

After yesterday mornings shock of @coinbase closing my account, I’m now fully converted customer to @BinanceJE Quick customer response & competitive rates, better than Coinbase rates. All systems working again. Thank you @binance @cz_binance
— Hillsey (@Hillsey_London) March 13, 2019

So readers, do you love Coinbase? Do you think Coinbase’s new wallet feature will be a direct threat to existing wallets? share your thoughts with us.
The post Is Coinbase New Wallet’s DApp Support a Direct Threat to Existing DApp Wallets? appeared first on Coingape.
Source: CoinGape

XRP receives support from Binance’s Trust wallet

Binance, the largest cryptocurrency exchange in the world, was down due to a scheduled update, during which people started speculating the possible addition of XRP to Binance. However, it is now official that Binance’s Trust wallet has added support for XRP.
The total number of cryptocurrencies supported by Binance is 17, giving tough competition to Coinbase Wallet. In order to stay in the league of such competitors, Trust Wallet features a DApp browser, which is compatible with ERC-20 token.
Apart from extending support to the third largest cryptocurrency, Binance also integrated credit card support to allow convenient purchase of cryptocurrencies. The exchange took this step after it partnered with Simplex, a payment processor, making Trust wallet among the very few wallets to have credit card support. The announcement from the exchange did not mention the fees or any specific card that can be used. As reported by Coindesk, Viktor Radchenko, founder of Trust Wallet, said:
“We want to increase access to crypto and decentralized applications for all users. 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 wallet aims to integrate with its upcoming decentralized exchange. This decentralized exchange is scheduled to go fully live in Q2, 2019. Trust wallet will be Binance’s native wallet and will enable users to make trades while holding the cryptocurrencies.
The wallet has numerous plans for 2019, including the addition of support for more cryptocurrencies, as well as adding integration for hardware wallets, which could be a better way of securing cryptocurrencies.
The post XRP receives support from Binance’s Trust wallet appeared first on AMBCrypto.
Source: AMB Crypto

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 Payments
— 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

Trust Wallet Launches New Trust Wallet core, Supporting TRON And Other Blockchain

A new open source cross-platform cross blockchain wallet library has been launched by Trust Wallet with the support of various Blockchains. The announcement hit the market on Feb 28, 2019, wherein the open sourcing Wallet Core will help anyone, especially developers to build their dApps and wallets using its interface.
Per the announcement, Trust Wallet Core presently supports demanding blockchains including, Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Dash, Zcoin, Zcash, BNB Coin, Ripple, Wanchain, Vechain, Tron, Icon, and TomoChain. The same has been announced by Justin Sun, the founder of TRON platform, stating that;

#TRON blockchain is now available on Trust Wallet Core. Thanks for the support to #TRON. #TRX $TRX
— Justin Sun (@justinsuntron) March 1, 2019

What is a Trust Wallet Core?
Trust Wallet Core is a wallet library that facilitates developers with the implementation process of developing dApps and wallets. Furthermore, it aims to make new coin and wallet integration easier with its open sourcing Wallet core platform. A note from the official announcement goes as follows;
We are happy to announce the open-sourcing of Trust Wallet Core—an open-source cross-platform cross-blockchain wallet library. The library supports all common hashing functions, elliptic curve cryptography, key derivation, address encoding/decoding, and transaction signing for all supported blockchains.
Nevertheless, the announcement reads that ‘Trust Core Wallet’ provides the ‘idiomatic interface’ that a user can select based on the language and platform they’re using for dApps and wallet.

Are you a #Developer and want to integrate your blockchain with Trust Wallet? Introducing: Trust Wallet Core- the first open-source cross-platform cross-blockchain wallet library
— Trust – Crypto Wallet (@TrustWalletApp) February 28, 2019

It reads JNI code for the Android interface and Swift code for the iOS interface is presently available at the platform. Developers with their preferred platform and language can opt the interface. Moreover, the firm says that it is also working on a JavaScript interface.
The library itself is written in C++ with a C interface. This allows us to write code that is small and fast. While being usable from any platform and language.
Users who wish to explore ore can hit this page ( ) or can chat with the Telegram group of Trust wallet Core here ( )
On top of all, many crypto enthusiasts believe it a good move in crypto space – consequently, one such member on Twitter says;

We choose by a set of criteria: most popular, easy to add.Some days ago we have launched our open sources cross-blockchain wallet library ( Now anyone can contribute to WalletCore implementing any blockchain and it'll be available in the Trust Wallet.
— ArtemGoryunov (@ArtemGoryunov) February 26, 2019

What’s your view on Trust Wallet launching Trust Wallet Core for everyone? Share your opinion with us.
The post Trust Wallet Launches New Trust Wallet core, Supporting TRON And Other Blockchain appeared first on Coingape.
Source: CoinGape

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It


BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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Source: CoinSpeaker

Binance CEO backs VeChain after being added to the platform’s Trust Wallet

On 27th September, Trust Wallet, a mobile Ethereum Cryptocurrency announced on Twitter that it has released support for VeChain [VET] and VeChain Thor [VTHO]. The wallet has also disclosed the integration of Wanchain [WAN] to its platform.
Trust Wallet’s official announcement | Source: Twitter
Trust Wallet was recently acquired by cryptocurrency exchange, Binance with an aim to provide better services and enhanced safety and security to users. Trust wallet has retained its anonymity post the acquisition and therefore users will have access to both the VeChain and Wanchain currencies via Trust’s multi-coin wallet on iOS and Android devices.
The wallet is a decentralized application [dApp] that is open source and anonymous with support for ERC20, ERC223, and ERC721 tokens including digital assets such as Ethereum [ETH], Ethereum Classic [ETC], and GoChain [GO]. Changpeng Zhao aka CZ, the CEO of Binance stated:
“One of the best mobile wallet for your crypto just got better!  BUIDL!”
Trust Wallet has also announced that they plan to add support for Bitcoin [BTC], Tron [TRX] and NEO in the following year.
At the time of writing, VeChain [VET] was sitting at the 19th position in terms of market capitalization. At press time, VET was trading at $0.012 with a market capitalization of $706 million.
A Redditor named Bossanovawitcha commented:
 “Goes out of his way to note Vechain is first staking coin supported. It is quite noteworthy in and of itself.”
Another Redditor named Marmot1991 stated:
“But for now that wallet support just ETH and ETH tokens. Binance buys this wallet and now the first coin on its own network is VeChain. I think this is one of a kind of support.”
A Twitter user named Tommyp408 said:
“It is a free world. Each person can choose where they want to live or conduct their business at Binance should operate in a country that has regulations that support crypto. I guess this is why so many other blockchain companies are moving to Malta.”
The post Binance CEO backs VeChain after being added to the platform’s Trust Wallet appeared first on AMBCrypto.
Source: AMB Crypto

Binance Acquires Cryptocurrency Wallet Provider, Vows to Make More Deals

Mergers and acquisitions (M&A) are a common theme within the capital markets industry and as the cryptocurrency ecosystem matures, M&A announcements are expected to follow the same trend.
The news today is that Binance, one of the world’s largest virtual currency operators, has acquired cryptocurrency wallet provider Trust Wallet in an effort to give control back to its customers.
Binance Acquires Cryptocurrency Wallet Provider Trust Wallet
Binance has entered the M&A space for the first time, choosing to buy the cryptocurrency wallet provider and decentralized-application browser.
Trust Wallet was launched in November 2017 and enjoys a reputation for security by never requesting user data or private information, as Binance CEO, Zhao Changpeng told Bloomberg.
“The users control 100 percent of their funds. Now we have both a decentralized and centralized solution for custody.”
With this deal, Binance will add an on-chain mobile wallet to the list of the operator’s services possibilities. The acquired company will maintain an autonomous brand, which is free to develop the core product and explore the exchange’s broad user base and the upcoming decentralized exchange.
This open source, decentralized and anonymous Ethereum, ERC20, ERC223, and ERC721 mobile wallet gives customers the ability to store over 20,000 different Ethereum-based tokens. Its guiding principles state they will never access user wallets, hold private keys, or ask for personal information from users. Binance now has the best of both worlds, according to Changpeng.
“Wallets are the most fundamental interface to the crypto economy, and a secure and easy-to-use wallet is key to proliferate the adoption of cryptocurrencies,” he said. “Trust Wallet is simply the best in this category in my opinion. Trust Wallet is an on-chain wallet, where user private keys are decentralized, ie, stored on user devices. This compliments the centralized architecture of Binance nicely. Now we have the best of both worlds, and users have their choice.”
Binance Probes Cryptocurrency Ecosystem for More M&A Deals
Zhao told Bloomberg that the acquisition of Trust Wallet was not highly priced and that the cryptocurrency wallet provider does not have a lot of users, which indicates that Binance values its core technology. The virtual currency operator is said to be probing the market for more deals and it is in early-stage talks with other companies.
Binance, who celebrated its first year of operations on July 14th, rose to prominence in the first six months live and has been disputing the first place in the cryptocurrency exchange ranking since then.
Featured image from Shutterstock.
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Source: New