Binance Coin (BNB) Surges 11% Despite 'FUD' Hack Rumors

On a relatively muted Thursday for the cryptocurrency market, one coin is a clear outlier: binance coin (BNB). While bitcoin ekes out a small 2 percent rise, binance coin is up almost 11 percent in the last 24 hours. The move comes despite hackers claiming to have obtained personal data from the Binance exchange. Binance […] The post Binance Coin (BNB) Surges 11% Despite 'FUD' Hack Rumors appeared first on CCN Markets

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With the Rise of IEOs, Investing in Altcoins Can Be Brilliant

By CCN: It’s unpopular to say this in some sectors, but it can be brilliant to invest in altcoins. If you’d bought up a ton of Binance Coin when it was first offered, for example, you’d have made your investment back plus many hundreds of percent by now. This can be the same for upcoming IEOs as it was during the ICO boom. Functionally, the only difference is the backing of the exchanges themselves, which implicates them as much as it credits them. IEO: ICO With Perks? The initial exchange…

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Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

By CCN: Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, Zhao claims Sequoia Capital China prevented him from raising capital between Dec. 27, 2017 and March 1, 2018 at the height of the bitcoin bull market. Moreover, Zhao claims Sequoia damaged his reputation. Zhao Seeks an Accounting of Damages Zhao did not respond to repeated…

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Binance Graciously Decides Not to Nuke the Bitcoin Blockchain

By CCN: Binance CEO Changpeng Zhao discussed the idea of potentially reorganizing the Bitcoin blockchain. In this vision, the 7,000 BTC recently stolen from the cryptocurrency exchange would be redistributed to miners in the form of fees. A coordinated effort with miners, within a specific time frame, could theoretically make it possible to empty the balances of the Binance hackers. Binance CEO: “It Wasn’t My Idea.” The idea didn’t originate with Binance or Changpeng Zhao, and CZ wants to be clear on that. It started with Bitcoin Core contributor Jeremy…

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Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time. Ranking Exchanges Beyond Their “Volume” ViewBase, a “market insights and community” platform centered around cryptocurrency, recently published a report which details other ways we might rank exchanges. Rankings could be based on real facts, like how much crypto they…

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CZ’s Kumbaya Moment with Ethereum Proves Crypto Has Turned a Corner

By CCN: These are heady times for Binance Coin (BNB), the in-house cryptocurrency launched by the world’s largest crypto exchange, Binance. BNB hit a new all-time high a few days ago and the exchange successfully launched Binance chain, which features BNB and marks the coin’s independence from Ethereum. The cryptosphere has been filled with noises about BNB possibly being the new “Ethereum killer.” Weiss Ratings took the conversation a step further, suggesting that BNB might even be the new bitcoin. It seems #BNB is leading the market now – when…

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Binance’s Biggest Rival: Crypto Giant Coinbase is Trading in 53 Countries

By CCN.com: Coinbase, one of the biggest crypto exchanges in the global market reportedly valued at $8 billion, has launched crypto-to-crypto trading in 53 countries including India, South Korea, Hong Kong, and Australia, stepping into the territory of Binance. Excited to continue expanding crypto-to-crypto trading around the globe 🌏 https://t.co/EeUh8lbbs4 — Brian Armstrong (@brian_armstrong) April 18, 2019 The announcement comes after Coinbase’s continuous listing of new digital assets throughout the past several months amidst a 16-month bear market that resulted in an 80 percent drop in the valuation of the…

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