Altcoin News Binance binance coin Changpeng Zhao Cryptocurrency News 

Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

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Binance bitcoin Bitcoin Analysis Bitcoin Price News Craig Wright Donald Trump Opinion 

Trump Triggered the Latest Bitcoin Price Spike

Binance Research made the specious claim that the that latest bitcoin price spike was caused by President Donald Trump’s tariff rhetoric. | Source: NICHOLAS KAMM / AFP (i), Shutterstock (ii). Image Edited by CCN. Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven assets, after Trump’s latest tariff storm. Will the trade war continue to be a catalyst for…

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Binance Cryptocurrency News dogecoin Guest Contributor Op-ed 

Binance’s Listing of Dogecoin Makes Waves

Dogecoin (DOGE) first gained attention in crypto when Jackson Palmer, a computer programmer, posted the now infamous Shiba Inu dog with the comment, “Pretty sure it’s the next big thing.” The post went viral and caught the eye of programmer Billy Markus who had been working on his own cryptocurrency. Thinking dogecoin could be more than a joke, he teamed up with Palmer to develop the dogecoin cryptocurrency. It bears a similar structure to Bitcoin with a limited coin supply and POW block validation. Despite the original sarcasm behind its…

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Altcoin News Binance BNB Changpeng Zhao Cryptocurrency News 

Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?

Binance yesterday completed its eighth quarterly “burn” of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng “CZ” Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth of the ecosystem. He said: “Today, on behalf of the Binance team, I am announcing that we will give up all of our BNB allocations and contribute towards our commitment to burning a total of…

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Binance Cryptocurrency News Ethereum Op-ed 

The Ethereum Killer Is Already Here – And Its Name Is Binance

Quietly, subtly, and without contest, Ethereum is currently under a sustained attack that has been ongoing for months. Long considered the king of the dApps, Ethereum is the one that other blockchain platforms seek to dethrone in their own attempts at ascension. Hence the well-known term – Ethereum Killer – which is often self-applied by ambitious crypto projects looking to punch above their weight. While those punches have thus far failed to land, it looks like Ethereum is now being assaulted on a completely different front by an unexpected foe:…

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Altcoin Price Analysis Binance Bitcoin Exchange Crypto IEO Op-ed 

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. IEOs are gaining popularity among investors. |…

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Binance Bitcoin & Blockchain Investments Bitcoin Exchange Bitcoin Funding Crypto IEO 

IEOs Raise Half a Billion, Keep Fundraising Alive for Blockchain Startups

By CCN: There’s a new fundraising sheriff in town in the maturing cryptocurrency space. While initial coin offerings (ICOs) were all the rage during the last bitcoin bull run, initial exchange offerings, or IEOs, have muscled them out of the way. If it weren’t IEOs, the market would have likely found another mechanism, but these appear to be the deal of choice for now. Funds that previously flowed to ICOs in 2017 are now being redirected into wiser IEOs, as evidenced by the rising trends. IEOs have attracted $518 million…

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Binance Bitcoin Exchange Changpeng Zhao Crypto Sequoia 

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. Zhao Seeks an Accounting of Damages Zhao did not respond to repeated requests for comment from CCN about his…

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Binance Bitcoin Crime Bitcoin Exchange bitcoin hack Changpeng Zhao Crypto 

Binance Suffers a Security Breach, CZ Calls It ‘Not the Best of Days’

By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding. As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings. Binance issued the following statement:…

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Binance Bitcoin Exchange Crypto kraken ViewBase 

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” Notice the difference between “reported” and “adjusted” volume on CoinMarketCap.com ViewBase, a “market insights and community” platform centered around cryptocurrency, recently published a report which details other ways we might rank exchanges. Rankings could…

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