Binance Coin News (BNB) - Page 4

Measuring the Binance bump (and dump) - The Block
In a little over a year, Binance grew from an unknown startup to the largest cryptocurrency exchange in the world. The exchange has 10 million registered users and is on track to generate between $500M-$1B in profit in 2018. While a listing on Coinbase comes with the prestige and support of a well-regulated exchange, Binance is the proverbial golden goose for the majority of crypto projects. With its $1B+ in trading volume, global reach, and relatively lax listing requirements, Binance is the exchange of choice for projects that want to get their cryptoassets listed for trading. In the crypto ecosystem, exchange listings come with the same flair and style of traditional IPOs. The news coverage, the investor enthusiasm, and ? most importantly ? the price boost. Whenever an exchange announces the listing of a cryptoasset, media outlets plaster their headlines with ?Asset A rallying/pumping/rising/surging B percentages after listing on exchange B.?
October 18, 2018 8:35 PM

Chainalysis Partners with Binance to Tackle Global Cryptocurrency Money Laundering
NEW YORK, Oct. 17, 2018 /PRNewswire/ ? Chainalysis, the leading provider of cryptocurrency compliance and investigation solutions, has completed a global roll-out of its compliance solution with Binance, the world?s largest cryptocurrency exchange by trade volume, to help address the challenges at the intersection of cryptocurrencies, regulators and traditional financial institutions. ?Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users,? said Jonathan Levin, Co-Founder and COO of Chainalysis. ?We expect many to follow Binance?s lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.?
October 18, 2018 4:50 PM

Binance Burns More Than 1.6 Million BNB Coins But Price Drops
Reading: Binance Burns More Than 1.6 Million BNB Coins But Price Drops Georgi Georgiev | Oct 17, 2018 | 19:00 Georgi Georgiev | Oct 17, 2018 | 19:00 The world?s largest cryptocurrency exchange by volume Binance had completed its 5th scheduled token burn. The price has reacted negatively so far, however, despite the reduction in BNB supply. In an official release dated October 17, Binance announced that it has successfully completed its 5th quarter token burn, as per its whitepaper. Exactly 1,643,986 BNB were destroyed, which is the rough equivalent of $17 million. The move caught the attention of Twitter user BambouClub ? a cryptocurrency trader and analyst, who outlined that BNB trading volumes ?have been flat or falling.?
October 18, 2018 10:13 AM

Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance
On Oct. 17, the world?s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus According to a press release published on Oct. 17, Binance and Chainalysis have joined forces to create a compliance solution for trading operations. The collaboration will further ensure that Binance exchanges comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) laws. The co-founder of Chainalysis, Jonathan Levin, explained during the announcement that all cryptocurrency businesses face the challenge of ?earning the trust of regulators, financial institutions and users.?
October 17, 2018 11:34 PM

Binance Launches Fiat To Crypto Exchange In Uganda And IOHK Gets Involved Massive Announcement Coming Soon, Says Charles Hoskinson
Binance, the world?s leading crypto exchange announced that it?s officially launched its fiat to crypto exchange in Uganda. At the moment, users can only sign up for their accounts. The official announcement says that the exchange will accept deposits for Ugandan Shillings (UGX), ETH and BTC starting today at 10:00 AM local Uganda time. The official announcement also reveals that the exchange will be first making trades available with the pairs BTC/UGX and ETH/EGX and the official start time for them has to be released. Binance already announced its expansion to Uganda back in June. When Binance exchange appeared on the market, it was just another crypto exchange out there. It was promising users exposure to the most important cryptos.
October 17, 2018 7:22 PM

Binance Increases Anti-Fraud Measures With Chainalysis Partnership
Binance is using Chainalysis? AML/KYC product to grapple with multiple international jurisdictions? regulations. Binance?s international AML/KYC compliance obligations have led it to partner with crypto industry company Chainalysis Crypto compliance provider and research firm Chainalysis announced it had partnered with exchange Binance in a press release Wednesday, Oct. 17, in order to improve its detection of suspicious transactions. Binance, currently the world?s largest cryptocurrency exchange by volume, continues to expand into various international markets, being required to comply with each jurisdiction?s anti-money laundering (AML) and know-your-customer (KYC) rules.
October 17, 2018 6:53 PM

Crypto Exchange Binance Adds Compliance Tools from Chainalysis
Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its ?Know Your Transaction? compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according to a press release. In particular, the tool will look for potentially criminal or otherwise illicit activity. Binance?s chief financial officer, Wei Zhou, told CoinDesk that he hopes the move will ?inspire? the crypto industry to take anti-money laundering and anti-terrorism financing measures seriously.
October 17, 2018 5:29 PM

3 Things About Binance Uganda You Might Not Know
Now that Binance has launched its new venture in Uganda, there are a lot of expectations regarding this new trading platform. Exploring the African markets is something that is often overlooked in the cryptocurrency industry. Here are aspects of Binance Uganda which you might find interesting. Although many people own Binance Coin in the hopes of reducing their trading fees, that same aspect will not apply to Binance Uganda, at least for the time being. There is no indication this token will make its way to this particular venture as of yet, which means there is no specific reason for users looking to rely on this trading platform to own BNB.
October 17, 2018 5:17 PM

Binance Denies USDT Delisting Rumors amidst Trading Suspension
The world?s largest cryptocurrency exchange, Binance, added to the widespread industry concerns surrounding Tether (USDT) when they suspended withdraws of the stable coin on Monday morning during what they claimed was a period of heightened trading activity. Binance?s move to suspend USDT trading came amidst unprecedented trading activity on the controversial and widely utilized stable coin, in which the token, which is intended to match the value of the US Dollar, dipped to a low of $0.92, before rising to its current price of $0.98. Many analysts attributed the major rise in Bitcoin?s price to the Tether dump, which may have been caused by investors, or a single investor, selling massive amounts of the stable coin for Bitcoin in fear of it imploding in the near future due to unsubstantiated insolvency concerns circulating in the cryptocurrency community.
October 17, 2018 4:58 AM

Binance Opens Fiat-To-Crypto Exchange in Uganda
On Oct. 15, Binance announced the launch of its fiat-to-cryptocurrency exchange in Uganda. The world?s biggest digital currency exchange said users in the East African country are now able to complete full account verification starting immediately. Deposits and withdrawals of the local fiat currency, the Ugandan shilling, start on Wednesday. Also read: Bitcoin After Death: The Perils of Sharing One?s Fortune ?We are extremely proud to officially launch our first fiat-crypto exchange in Uganda,? said Wei Zhou, chief financial officer at Binance, in a press statement. ?We have been diligently preparing for this exchange with our local partners since our team first visited Uganda in April 2018.?
October 16, 2018 11:04 AM

Binance Opens Its First Fiat To Crypto Exchange In Uganda
fyfifi - Crypto News - Bitcoin news & Cryptocurrency News, opinions, and reviews covering Blockchain, Bitcoin, Altcoins, Mining, Technology, Internet, Apps, Business, ICO, Startups and anything else worth reading about. Taiwanese Police Arrest Miner Accused of Stealing? Bitcoin, Ether, and XRP Weekly Market Update:? Ex Mt. Gox CEO Says He?s Not Guilty of? Former Mt. Gox CEO Says is Sorry but Maintains His? On Oct. 15, Binance announced the launch of its fiat-to-cryptocurrency exchange in Uganda. The world?s biggest digital currency exchange said users in the East African country are now able to complete full account verification starting immediately. Deposits and withdrawals of the local fiat currency, the Ugandan shilling, start on Wednesday.
October 16, 2018 10:56 AM

Binance Pauses Tether Withdrawals After Denying Delist Rumor
Crypto exchange Binance, the world?s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance?s website, which previously stated ?wallet maintenance, withdrawal suspended? on the page for USDT. A customer service administrator on the platform?s English-language Telegram channel had previously said that the suspension was due to ?USDT network congestion.? In another message, an administrator in the channel said earlier Monday that the ?maintenance due to network congestion. Expected date/time cannot be provided. We are fixing it as soon as possible.?
October 15, 2018 6:31 PM

Binance Launches Its First Fiat-Crypto Exchange in Uganda
Binance will officially launch its fiat-to-crypto branch in Uganda this week, where the national currency will be traded with Bitcoin and Ethereum pairs. Major international crypto exchange Binance has announced that its fiat-to-crypto exchange will open in Uganda this week, the company reveals Monday, Oct. 15. CEO and founder of Binance, Changpeng Zhao (CZ), had told Cointelegraph in an exclusive interview in June of plans to open the Ugandan crypto-fiat exchange. As per Binance Uganda?s press release, the new branch will officially start accepting deposits and withdrawals of Ugandan shillings (UGX) Wednesday, Oct. 17. Binance Uganda notes that exchange has already begun its know-your-customer (KYC) procedures.
October 15, 2018 3:57 PM

Binance will launch its first cryptocurrency-to-fiat trading pairs in Uganda
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. KYC procedures can now be completed, finally After a registration process lasting some four months, Binance will finally offer fiat-to-cryptocurrency trading pairs through its new Uganda exchange, with deposits opening on Wednesday. Announced via press release, Ugandans are now able to fully submit identity documents and begin depositing fiat ahead of live trade, something expected to start in two weeks.
October 15, 2018 3:00 PM

Binance Uganda Officially Launched, Pairs the Ugandan Shilling with BTC and ETH
Back in late June, the team at Binance had announced their intentions of open operations in Uganda. The main goal of opening an exchange in the African country, was that Binance wished to expand its reach not only in the developed countries, but to those less developed and with the potential to grow into thriving markets. When the announcement was made back in June, registrations were open immediately with the first 20,000 users to register on, being rewarded with 0.5 BNB. The team at Binance also promised zero trading fees as soon as the platform was live and running. It is with this background, that the Binance team wishes to let the crypto trading community, that full sign-ups and deposits are now live on the platform. The announcement goes on to state that full trading will open on the 17th of October with Bitcoin (BTC) and Ethereum (ETH) being paired with the Ugandan Shilling. The announcement stated the following.
October 15, 2018 2:59 PM

USDT Price Volatility Continues Despite Binance Debunking Delisting Rumors
No one will deny Tether?s USDT stablecoin is a bit controversial. That image has only been reinforced today, as the currency proves to be anything but stable in value. A current market dip pushes the below per USDT below the $0.96 mark. A very odd situation for a currency allegedly pegged to the value of 1 US Dollar. It is uncommon for stablecoins pegged to the US Dollar to lose value when the market turns extremely volatile. In the case of Tether?s USDT, its value has plummeted significantly, and it is currently valued at $0.96. That is not a positive sign, although there is a precedent. A while ago, one could buy USDT on Kraken for $0.93 due to some liquidity issues. That situation was resolved fairly quickly, though.
October 15, 2018 2:55 PM

Binance Coin Price Analysis: BNB Falls Back Below $10 as BTC Takes a Nosedive But Strong Support is in Sight
Binance Coin has fallen back below $10 after seeing a decline of up to 7.3% in the previous 24 hour trading session. The BNB cryptocurrency which allows users to receive discounts on trading fees is presently swapping hands at a price of $9.57 on exchanges. The 15-month old cryptocurrency is ranked 14th in terms of overall market cap with a total market cap value of $1.12 billion. After suffering a slight 22% price fall over the last 90 trading days, BNB/USD is trading at a value that is only 60% lower than its all-time high price. For more information on how to trade on the world?s leading exchange by volume, we recommend ?How To Use Binance Exchange: A Beginner?s Guide?.

Aion Price Gains 17% as Binance Confirms Token Swap Support
Things are looking relatively boring where the top 20 cryptocurrencies ranked by market cap are concerned. In the case of Aion, an altcoin which has not been making too many headlines, things are progressing nicely. It is one of the strongest gainers in the top 100 altogether, as its value is on the verge of surpassing $0.46. Most cryptocurrency users won?t be familiar with Aion, the cryptocurrency. That is not abnormal, as this project seems to get lost in the sea of altcoins and tokens coming to market in the past year. In the case of this project, its developers are designing a multi-tier system to address scalability and enhance blockchain interoperability. A worthwhile venture, which seems to be getting a lot of attention as of right now.
October 14, 2018 2:55 PM

A great read from a member of the Digibyte community on dealing with Binance
This follows the twitter posts by DigiByte founder Jared Tate, along with some additional information sprinkled in. I?m pleased to also confirm that neither myself, anybody on behalf of the DigiByte Foundation, nor the DigiByte Awareness Team has any desire to ever pursue Binance, nor are we interested in aiding other community members in their submissions. In addition, all of the 80-odd exchanges that you can purchase DigiByte on, have never extracted a listing-fee from DigiByte. I myself have applied 3x for Binance, after much badgering from the ?community?. I use that word loosely, as I?m moderately confident it?s new buyers who are simply after P&D?s. It resurfaces every couple of months, a new crowd of ?When Binance?? people. Two listing submissions for ?Community coin? votes, and another one for a regular listing.
October 14, 2018 2:09 AM

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