According to Vitalik Buterin, the Ethereum foundation could sell 70,000 ETH in the last two years when its value peaked, thereby resulting in a $100 million liquidity. Buterin negated all these claims and told that this action was about policy decision and not due to lack of funds. Litecoin’s founder …Read More »
Binance Coin (BNB)
Binance Coin is the coin used to facilitate operations on the Binance platform, a cryptocurrency exchange that is capable of processing 1.4 million orders per second. The name “Binance” is derived from the combination of the terms “binary” and “finance”, referring to the integration of digital technology and finance.
The BNB coin is used to pay exchange fees, withdrawal fees, listing fees, and all other possible transaction expenses on the Binance platform. In order to incentivize new users to do their cryptocurrency trading on Binance, the team is offering discounts when BNB is used to pay fees. The discount will be 50% in the first year, 25% in the second, 12.5% in the third, and 6.25% in the fourth year before the discount ends.
Binance was primarily marketed to Chinese cryptocurrency investors at first, but they also have English, Korean, Japanese, French, Spanish, and Russian versions of the platform.
Participation of Bitso, a Mexican exchange, has stimulated the success of Ripple and Moneygram’s project. XRP was mentioned by the US governmental agency, the Consumer Financial Protection Bureau(CFPB). Ripple is getting the highest critiques when it releases 1 billion XRP from its escrow account every month. According to the recent …Read More »
Bottle pay has decided to shut down their activities due to constraint Anti-money laundering regulations. Funds for withdrawal would be kept available until 13.00 GMT on Dec 31, 2019. Due to constraint Anti-money laundering regulations (AML), Bottle pay service has decided to shut down their activities according to the announcements …Read More »
The Riksbank is investigating whether Swedish kronor should be made available in electronic form. Accenture would build up the consumer-facing features of the e-krona. The initial contract will last for one year, but they were willing to conduct at least seven years of testing. The use of banknotes and coins …Read More »
Buterin pointed out that there are participants in the crypto community who are assured that Bitcoin (BTC) will destroy fiat currencies. Buterin believes that cryptocurrencies can and will coexist with fiat money. He intended to use the Bitcoin Cash (BCH) blockchain as a temporary Ethereum network scalability solution. Vitalik Buterin, …Read More »
Sendfriend integrated with RippleNet’s on-demand Liquidity transaction procedure to increase the speed and affordability of this process. Lighton stated that these transaction costs could reduce to 75%. In today’s modern world, remitters send money to access reliable and fast services. Last year alone, a huge amount of more than $45 …Read More »
BitFinex to be investigated by New York Attorney General for possible securities and derivatives fraud. The Attorney General of New York (NYAG) argues that Bitfinex is wrong to believe they have the right to stop the investigation. There is no litigation yet — only an investigation that could lead to …Read More »
The latest blog released by ethereum indicates, ethereum 2.0 would take a long period substantially to release. The incremental developments to ETH 1.x will put a halt to the full rollout of ETH 2.0 for the coming years. Per the recent official blog post by Ethereum developers, Ethereum 2.0 would …Read More »
Gerald Cotten, founder of QuadrigaCX suspiciously died last year due to Crohn’s disease. Cotten was the sole person having access to the passwords to QuadrigaCX digital wallets. Users of Exchange are asking for Exhumation of the founder’s body. Gerald Cotten, the 30-year old founder of QuadrigaCX, had an untimely death …Read More »
They seek to use a distributed exchange to turn their investments into an EOS-like token. The hackers are trying to cycle the ETH through multiple wallets. A small part of the stolen ether sent to Tokenlon. The infamous Upbit hackers are testing out a new tactic. They seek to use …Read More »