Crypto Market Leaders Share Their Worst Banking Experiences

Many of the people working in the cryptocurrency industry had a negative banking experience. Some were prevented from accessing their funds while others lost their accounts. It’s no surprise that many people are working hard to disrupt the banking industry. Many of today’s leaders in the cryptocurrency space were victims of poor banking. To some, […] The post Crypto Market Leaders Share Their Worst Banking Experiences appeared first on CCN Markets

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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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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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Binance Will Survive Any Bitcoin Bear Market: Crypto Billionaire Changpeng Zhao

Billionaire Changpeng Zhao says bitcoin is the future, and that his cryptocurrency exchange Binance can survive any bear market ― no matter how brutal. Zhao also says he “definitely” wants to partner with Ripple’s xRapid cross-border payment platform, but nothing has been decided. Zhao made the revelations during a wide-ranging Periscope Ask Me Anything session on February 7 (see below). ‘We Definitely Want to Add’ Ripple as a Partner “We are working with a number of other partners,” Zhao said. “ xRapid, there’s nothing going on right now. But in the future,…

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