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‘We Don’t Want to Compete with Coinbase’ – Says Binance CEO

Changpeng “CZ” Zhao, shared some of his big ideas on the future of blockchain and cryptocurrency with Fortune magazine this week. And it’s probably worth listening to the man running the biggest crypto-exchange in the world. The future is not now, but is decentralised Binance acquired Trust…

In Its First Public Acquisition, Binance Buys Decentralized Trust Wallet

Leading crypto exchange Binance makes its first public acquisition, buying Ethereum and ERC20 mobile wallet Trust Wallet. Major crypto exchange Binance has made its first public acquisition, having bought Trust Wallet, according to an announcement July 31. Launched in 2017, U.S.-based Trust Wallet is an…

Powerful Cryptocurrency Firms on the Road Towards Becoming Banks

When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into…

Binance CEO Confirms Fourth Quarterly Binance Coin Burn

The CEO of the world’s foremost cryptocurrency exchange, Binance, has just confirmed that it will be going forward with an upcoming BNB token burn. Binance’s Fourth Token Burn Binance has become well-known for offering so-called ‘token/coin burns’, buying back and destroying its native cryptocurrency (BNB)…

Binance and KuCoin Commence Quarterly Burns of BNB and KCS Tokens

International, multi-language cryptocurrency exchange behemoth Binance has officially announced the fourth quarterly coin burn of its in-house Binance Coin token (BNB).  The announcement comes via Binance’s founder and CEO, Changpeng Zhao, on Twitter — where the business executive wrote: @binance is doing a final tally on…

Are Cryptocurrency Exchanges Hurting the Industry?

Cryptocurrency Exchanges–Crypto-based trading platforms have found their way into headlines with increasing frequency throughout the past several weeks. It began with The Daily Mail reporting on Ben Delo, co-founder of cryptocurrency exchange BitMex, as Britain’s youngest self-made billionaire and the United Kingdom’s first “bitcoin billionaire.”…

Binance to Record $1 Billion Profit in 2018, Surpassing Major Banks

The cryptocurrency market has dropped by over 70% since the start of the year, but the world’s largest crypto exchange is still expected to rake in a hefty profit. Changpeng Zhao: Binance Has Ten Million Users The first half of 2018 hasn’t been kind to…

Top Exchange Binance Eyeing $1 Billion in Profits for 2018

CRYPTOCURRENCY EXCHANGES–Leading cryptocurrency exchange Binance is thriving despite 2018 seeing a massive downturn in pricing for cryptocurrency. As alluded to last month by Arthur Hayes, co-founder of exchange BitMex, the falling price of cryptocurrency has yet to dampen the growth most exchanges are seeing throughout…

Binance Creates ‘SAFU’ Fund After Outage Becomes Marketing Gold

Cryptocurrency exchange Binance has reopened after what officials described as “irregular trades” led the platform to suspend activity July 3. Binance To Create ‘SAFU’ Fund In a summary of the events, Binance said the unusual trading came from “a number of API users,” triggering its…