Blockchain 

Binance Makes Investment in Chinese Crypto Media Firm Mars Finance

Binance, the world’s largest crypto exchange, has made an undisclosed investment in Chinese crypto news outlet Mars Finance. Binance participated in a funding round for the blockchain media firm, which brought its valuation to $200 million USD in what was the third such financing since Mars Finance was founded last year. Specifically, Mars Finance provides information and news updates on blockchain, crypto markets, and asset management services. According to a press release issued by the company, it is now China’s most popular crypto news outlet in terms of traffic. Mars…

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Blockchain 

Binance Coin (BNB) Tumbles Amidst Growing Competition

Binance Coin (BNB) is one of the notable losers in the crypto space over the past three months. The tremendous growth experienced by the cryptocurrency space over the past five years has seen the development of several new tokens related to a wide range of projects. The sheer interest and buzz about the sector led to the development of plenty of new tokens. While many failed, a large percentage of them succeeded and survived. One of the more interesting projects was the one started by Binance, the giant crypto exchange.…

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Blockchain 

Binance to Introduce Own USD Stablecoin with Paxos

Binance is the world’s biggest crypto exchange, and it made a massive announcement yesterday. The world of cryptocurrencies has come a long way since the days when there used to be a handful of tokens and investors generally switched from one token to another. However, over the past few years, a wide range of tokens have come into existence, and perhaps the most interesting ones have been the stablecoins. Key Development These coins are backed by the United States dollar and are hence far more stable than traditional crypto tokens.…

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Blockchain 

Binance Acquires Crypto Derivatives Platform JEX

Even a couple of years ago, the crypto derivatives market was regarded as some form of novelty by most people across the world, except those who were actually involved in it. However, things have changed dramatically since that time as Bitcoin went on its remarkable run back in 2017 and many other developments made it abundantly clear that the crypto space was here to stay. Key Acquisition for Binance In a new development, crypto exchange giant Binance has announced that it has decided to acquire crypto derivatives platform JEX. Since…

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Blockchain 

Binance Introduces Crypto Lending Service

When cryptocurrencies came along around a decade ago and even when the industry went on its astonishing bull run back in 2017, the sector was still regarded as a novelty of sorts. The rise of an actual ecosystem with Bitcoin and other cryptocurrencies at the center remained a pipe dream for most. However, things have changed over the past few years, and now there is a real possibility of cryptocurrencies finding mainstream acceptance. In a new development, which should count as another landmark stride for the crypto sphere, Binance has…

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Blockchain 

Binance Launching Venus Blockchain Project: Challenging Facebook’s Libra?

One of the largest cryptocurrency exchanges in the world is taking on social media behemoth Facebook (NASDAQ:FB). Well, sort of. On Monday, August 19, Binance announced it will be launching the Venus blockchain project. Here’s what we know and why Binance is challenging Mark Zuckerberg’s billion-dollar company by doing so. Binance Launching Venus Blockchain Project This morning, news broke that Binance is launching the Venus blockchain project; the initiative is an attempt to create localized stablecoins as well as digital assets. According to the announcement, the Venus blockchain project will…

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Blockchain 

Binance Expected to Resume US Operations in the Next 2 Months

When it comes to trading in cryptocurrencies, it is always far more effective if one can trade on a large exchange. Large exchanges offer a lot of options with regards to the range of cryptocurrencies, liquidity, and other services. Over the course of the crypto boom that started a few years ago, some exchanges have become the leaders of the industry and Binance is certainly one of those. It went on to become one of the biggest crypto exchanges and was also the preferred choice of many traders in the…

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Blockchain 

Chipmixer Used to Launder BTC from Recent Binance Hack

On May 8, major crypto exchange Binance was the victim of its second major hacking. On this occasion, the thief/thieves made off with 7,000 Bitcoin, which valued at approximately $40 million USD at the time. (That same amount of BTC is worth almost double that at current rates.) Now, several months on, it has been discovered that at least 4,836 Bitcoin of that stolen loot was laundered through crypto mixing service Chipmixer. Stolen BTC Laundered through Chipmixer After Binance was hacked, the stolen coins were moved to seven addresses. Then, according…

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Blockchain 

Dogecoin Surges 37% on Binance Listing, Major Moves for Altcoins

Dogecoin is surging today, up 37% in earlier trade, on the news that Binance—the world’s leading cryptocurrency exchange—has listed it. Dogecoin is one of the most popular digital currencies out there and currently trades at $0.003769 USD per coin. Now, some are speculating if this momentum will help to drive an oncoming altcoin season. Dogecoin is Now on Binance Also dubbed the “memecoin,” Dogecoin was initially created by Billy Markus and Adobe’s Jackson Palmer as a joke alternative cryptocurrency to Bitcoin. The pair had never expected how big it would grow and…

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Blockchain 

Binance in Discussions with Facebook Over Libra Coin

According to CoinTelegraph, one of the world’s largest crypto exchanges, Binance, is in “official” talks with Facebook regarding the latter’s new Libra coin. The exchange’s strategy officer, Gin Chao, told BlockTV yesterday that the company is “very excited” about the Libra project. What we know so far, according to Chao, is that the talks “have largely focused on dealing with infrastructure.” Binance and Libra Coin While the pair’s discussions are in the early stages, it seems Binance is not holding back its desire to work with Libra “as much as…

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