Bitcoin has made an attempt at recovering the losses it incurred late last week. On Sunday, the cryptocurrency rallied as high as $9,200 as buyers stepped in and shorts were squeezed.Yet order book data indicates that BTC may have a tough time rallying any further.Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins…
Binance Pool has become the 11th largest Bitcoin mining pool in the world, according to data from BTC.com. The exchange’s CEO Changpeng Zhao shared the news earlier today, using older data that showed Binance Pool ranked 8th with 4.23% of the total hashrate. Binance Pool Sees Slow and Steady Growth in HashrateBinance, one of the largest…
The CEO of crypto exchange Binance, Chagpeng Zhao (CZ) acknowledged that “a lot” of employees opt to be paid in BNB, rather than fiat.I’m REALLY curious to know what % of employees from Binance did choose to be paid via BNB (when they got option to be paid in BTC or their local fiat) 🧐🧐That’s…
Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that shut down all domestic cryptocurrency exchanges in September 2017.Since then, mixed messages have been coming from Beijing. While financial institutions are not permitted…
The Thursday before last were arguably some of Bitcoin’s worst days ever; the crypto asset saw a 40% loss, which was the second-largest percentage collapse in BTC value in a day, second only to the Mt. Gox meltdown. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 to…
Bitcoin did the unthinkable early this morning and lost support at $7,500, causing the cryptocurrency to plunge to $5,800 in a 30-minute long hell candle.The sell0ff driven by growing coronavirus and recession fears, has led to the highest level of Bitcoin trading volume on Binance ever recorded. This could indicate that the latest move may…
Despite the popular, apparent misconception, Binance has apparently never had offices in Malta. Changpeng Zhao, the platform’s CEO and founder, says the crypto exchange operates without a fixed headquarters.He adds that Binance is striving to become a “true decentralized autonomous organization.”Despite What You Might Have Heard, Binance is Not a “Malta-Based Crypto Exchange”According to a…
In recent weeks, the one factor that prevented analysts from considering a new bull run was starting across cryptocurrency assets like Bitcoin and Ethereum, was a lack of new money entering the market.However, a premium on Ethereum prices on Coinbase suggests that fiat inflow has begun pouring into the exchange, and could cause an explosive…
Over the past few weeks, a virus in the coronavirus family (same family as the common cold, SARS, MERS, etc.) has started to circulate the globe. This novel coronavirus (2019-nCoV) originated in China, specifically in the Chinese city of Wuhan and seemingly due to infected animals being sold at a local market.The virus has thus…
Binance released its report on decentralized finance applications (a trend most often affiliated with Ethereum) yesterday, highlighting the continued growth of the DeFi ecosystem; according to a Tweet by @CryptoWolf, as Ethereum locked in DeFi continues to rise, the price of the coin will rise in conjunction. Defi Built on Ethereum Malta-based crypto-exchange Binance published…