In brief: The Coronavirus crash of mid-March has resulted in a lot of crypto traders being cautious. The dominance of stablecoins is proof that they are waiting for favorable crypto conditions to get back to trading. Staking crypto on the various exchanges has provided an alternative to trading and/or storing value in stablecoins. The Bitcoin...Read More
In brief: The team at Binance has completed one of the largest coin burns of BNB to date. The Binance Chain community recently released a whitepaper outlining plans to enable smart contracts. Binance Coin has its eyes set on erasing all losses experienced in March. In December of 2018, Ethereum World News hinted that Binance...Read More
Binance, the world’s leading cryptocurrency exchange, published a new white paper for a solution called Binance Smart Chain. It’s a new blockchain that will run in parallel to Binance Chain and will also support smart contract functionalities. Binance Announces Smart Chain Blockchain In a recently published whitepaper, Binance announced the development of Binance Smart Chain...Read More
In brief: Some traders thrive during crypto market volatility and can make profits regardless of the trend. A variety of savings options are available for holders who prefer to play the long game. One method is to save using popular exchanges such as Binance. A second is through MyCred which has a liking to Litecoin...Read More
In brief: Binance Launchpad will conduct its second crowdfunding campaign of 2020 with the Cartesi Project. In an earlier analysis, $15.50 had proved a difficult ceiling to break for Binance Coin (BNB). BNB has since broken this resistance and looks set to attempt erasing all losses of March. Opening the twitter page belonging to the...Read More
Traders of SOL, the native cryptocurrency of the Solana blockchain platform, must be in a great mood as the price of the coin has surged by more than 300% in the last 24 hours. The reason for this is the recent listing on the Binance exchange. Solana (SOL) Listed on Binance Being listed for trading...Read More
Key takeaways: In a previous BNB/USDT analysis, Ethereum World News had postulated that the coin would retest $14. Traders and investors had been advised to keep an eye out for any bullish news that might propel BNB further. Coincidentally, the exchange acquired Coinmarketcap soon after. The coin has a short term resistance at $15.50. Will...Read More
Quick take: Poloniex recently launched LaunchBase, its homegrown IEO platform. Tron (TRX) is the sole digital asset approved for investment on LaunchBase. Could TRX experience a run in the markets similar to BNB’s in 2019 when Binance Launchpad was launched? On the 5th of April, the crypto exchange of Poloniex announced that it had a...Read More
In brief: Mid last week, Binance confirmed rumors that it had acquired the popular crypto tracking platform of Coinmarketcap.com. The acquisition elicited mixed reactions from crypto enthusiasts. Some approved the deal while others saw it as a possible hostile takeover compromising Coinmarketcap. However, with this major move, Binance has now normalized the process of acquisitions...Read More
Bitcoin had a relatively good week of trading as it recorded its highest price since the coronavirus crisis began in March. Yesterday, BTC peaked at above $7,200, marking an impressive daily run that sent the entire cryptocurrency market well in the green. The majority of altcoins were also charting double-digit increases. Since then, Bitcoin’s price...Read More
Yesterday Cryptopotato reported on one of the most impressive acquisitions within the cryptocurrency field. Binance struck a deal for an undisclosed amount of money to acquire the most popular data monitoring resource – CoinMarketCap. Naturally, given CMC’s massive userbase, a lot of members of the crypto community began to wonder how this will impact the future...Read More
Binance CEO, Chanpeng Zhao, is taking rounds of criticism coming from the crypto community at large, owing to his crypto exchange’s acquisition of popular coin rating platform, Coinmarketcap (CMC). Amid the various critics that have voiced disappointment for such a move by Binance, is Jay Hao, CEO of Binance’s rival cryptocurrency exchange, OKEx. The controversy...Read More
In brief: The team at Binance has made 3 major announcements in less than 24 hours. Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). Secondly, the team launched a new OTC trading portal. Thirdly, flexible deposits are now available for Litecoin (LTC) and Tron (TRX). The last 24 hours have...Read More
Over $1 billion worth of stablecoins is currently stored on certain cryptocurrency exchanges. Such an extensive amount sitting on the sidelines begs the question if traders are simply waiting for a definitive bullish sign to reenter the market. Over $1B Worth Of USDT and USDC On Exchanges As Cryptopotato reported earlier this month, most stablecoins’...Read More
The coronavirus crisis is still taking the world by storm, with little to no improvement in sight. Binance is trying to do its part by launching a new charity venture and aims to raise $5 million in the process. It is good to see the cryptocurrency community come together during this time of crisis. Binance Launches...Read More
In brief: Binance has announced the launch of the Binance Card that allows users to shop and pay with crypto anywhere VISA is accepted. Binance Card will initially be a virtual card in a Beta version of the new service. Users can only top up using Bitcoin (BTC) and Binance Coin (BNB). The team at...Read More
In brief: Binance has announced that it will be supporting the upcoming DigixDAO (DGD) dissolution. The exchange will distribute ETH to qualified DGD holders at a rate of 1 DGD = 0.193054178 ETH. Earlier this year, the DigixDAO community voted on dissolving the project and burning the DGD in circulation. The popular crypto exchange of...Read More
A significant number of Bitcoin investors transferred extensive quantities of their holdings to exchanges during the most notable price slumps in mid-March. Ultimately, most of their panic sales were at a loss, according to the Spent Output Profit Ratio (SOPR) indicator. Bitcoin Investors Rush To Sell In Panic The popular cryptocurrency monitoring resource, TokenAnalyst, studied...Read More
The leading cryptocurrency exchange by volume, Binance, enters a new partnership with Brave Software. As a result, the users of the Brave browser will be able to seamlessly operate with cryptocurrency assets directly through a new on-browser feature called Binance widget. Binance Partners With Brave The two companies announced the collaboration in a press release...Read More
If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number of people doing so globally has been steadily growing, including in the crypto industry which...Read More
Recent Updates The CryptoBridge DEX exchange has ceased its operations since Nov 15, 2019. The exchange posted an announcement on its website intimating the users. The company claims market conditions, increasingly strict regulation and lack of funds as reasons for its decision to close and not pursue further development. Cryptocurrencys have evolved a lot over...Read More
Until a few hours ago, Chainlink, the decentralized-oracle, had a market cap of over $1 billion as the 11th biggest cryptocurrency by market cap. Today the LINK token is among the worst-performing digital assets, following a massive price slump. Its situation got even worse on Binance, where it flash-crashed to a low of $0.01 (!)...Read More
Almost half of today’s active traders made their first-ever cryptocurrency trade back in 2017, according to a recent poll by Binance. At the same time, the number of pre-2017 traders is less than 30%. When Crypto Traders Entered The Market The world’s leading cryptocurrency exchange by volume, Binance, recently initiated a compelling survey. The question...Read More
Binance, the leading global cryptocurrency exchange by both trading volume and active users in the world. It has announced the first bank channel integration at Binance Global with one of the most forward-thinking banks in Turkey, Akbank. Accordingly, users are now able to instantly deposit and withdraw Turkish Lira (TRY) on Binance via desktop and...Read More
In a public statement published earlier today, Malta Financial Service Authority (MFSA) announced that Binance is not authorized to operate in the country. The agency states that popular cryptocurrency, Binance is not subject to regulatory oversight due to a lack of authority to operate the crypto sphere. The report has gotten the attention of Binance...Read More
Leading cryptocurrency exchange, Binance has suspended almost all of its services, including trading, withdrawal, and deposits, to conduct unscheduled system maintenance, according to an official announcement from the exchange. The message on Binance, as of writing these lines Binance Futures Not Affected As per the notice, the services that have been paused are “deposits, withdrawals,...Read More
Changpeng Zhao, the CEO of Binance, has confirmed that his company applied for an operating license in Singapore. This comes less than a month since the Asian country introduced a comprehensive regulation for businesses dealing with digital assets. Binance Applies For License in Singapore The largest cryptocurrency exchange by trading volume has applied for an...Read More
Binance, the world’s leading cryptocurrency exchange, adds peer-to-peer trading for the Russian Ruble (RUB). From today, traders will be able to transact with zero fees on the exchange’s P2P platform. Binance Adds P2P Support For The Russian Ruble In a press release shared with Cryptopotato, Binance, the world’s leading cryptocurrency exchange, announced that it will...Read More
Coin staking is becoming very popular among cryptocurrency investors. One of the reasons for that is because it allows holders to earn passively. Amid stacking pools and wallets, more and more exchanges are jumping on the staking bandwagon as well. The increased interest was recently exemplified in a recent Binance Research report, showing that the...Read More
The world’s leading cryptocurrency exchange has just announced its intentions to launch the BNB/USDT perpetual contract. This will essentially enable users to short BNB. Up until now, they only had the option to trade BNB on the regular spot exchange. Short BNB With 50X Leverage In what seems to be a very interesting move, Binance...Read More
