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Tag Archives: Binance

Binance to Burn $2.4 bln Worth of BNB, Reduce Token Supply

Jul 13, 2019

Olusegun Ogundeji

Top cryptocurrency exchange, Binance, has initiated the process of giving up 40% allocation of the total supply of its native token Binance Coin (BNB). The earmarked 80 mln BNB (currently worth about US$2.4bln) was originally meant to reward the Binance team for their effort at build...

Is China’s Importance in Crypto Space Likely to Creep Back?

Jun 16, 2019

Olusegun Ogundeji

From mining to trading cryptocurrencies like Bitcoin and the use of blockchain technology, China is known to play a crucial role in the global crypto space. The role and its influence on the crypto market seemingly reduced in the last two years due to stringent measures put in place by the Chin...

June Promising for Altcoins as Interest From Non-Crypto Public Grows

Jun 2, 2019

Olusegun Ogundeji

May was a good month for crypto and June could be better, a Binance research has suggested. Bitcoin moved higher from $5000 to $9000 and the top cryptocurrency exchange says the fifth month recorded much larger volumes on altcoins compared to March and April. Meanwhile, the report sees June ...

Binance CEO CZ Sues Sequoia Capital for Damages

May 24, 2019

lylian Teng

Binance CEO Changpeng Zhao is suing VC giant Sequoia Capital for damages, claiming the latter hurt his reputation and stopped him from raising funds for Binance at the end of 2017 “which was a critical time in the market and when there was huge interest in Binance from other VCs and i...

Binance Hack Brings Back Talks of Decentralized Exchanges

May 10, 2019

Olusegun Ogundeji

Topical talks about decentralized exchanges (DEXs) have resurfaced yet again following the recent hack on the world’s top crypto exchange. Malta-based Binance was hacked on Tuesday May 7 with about $40mln worth of Bitcoin stolen from its vault. Everything has since been back to b...

Crypto Market Tends to Be Rational Over Binance 7000 BTC Hack

May 8, 2019

lylian Teng

The world’s leading crypto exchange Binance has just announced that it has been hacked in a large scale security breach. The platform reports a loss of 7,074 BTC (roughly $41 million at the current values) in its hot wallet, which contains 2% of Binance’s total bitcoin holdings. Earlier...