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 th...
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22 Hits

Binance Changes Launchpad Token Sale Format to Lottery

  Leading cryptocurrency exchange Binance announced major changes to the format of its Launchpad token sale in a post on its blog published on March 24. Per the announcement, the company "will use a new lottery format for the next project on Binance Launchpad." Previously, the system functioned on a first come, first served basis, which left m...
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640 Hits

Coinbase can become the Google of crypto, says Brian Armstrong

  Brian Armstrong, the CEO and Founder of Coinbase, one of the biggest cryptocurrency exchange platform in the world, spoke about the reason behind the inception of Coinbase and Satoshi Nakamoto, during an interview with Fortune. The CEO listed under Fortune's 40 under 40 stated that there were several reasons which led to the inception of Coi...
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210 Hits

Coinbase is Reportedly Exploring a Bitcoin ETF, Taps BlackRock for Expertise

San Francisco-based cryptocurrency exchange Coinbase is reportedly considering adding a Bitcoin exchange-traded fund (ETF) to its arsenal, and has been in talks with the world's largest global investment management firm, BlackRock Inc. Coinbase Aims to Launch a Crypto Exchange-Traded Fund Bitcoin ETFs are a hot button issue at the moment throughout...
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238 Hits

Coinbase CEO on How He Got Into Crypto, Bitcoin’s Price Action, U.S. SEC, ICOs, Cyber Security, and Real World Adoption of Crypto

At an interview with Bloomberg TV anchor Emily Chang at the second annual "Players Technology Summit" event in San Francisco on 14 August 2018, Brian Armstrong, co-founder and CEO of Coinbase, talked about how he got into Bitcoin, the evolution of Coinbase, Bitcoin's price action, his view of the U.S. SEC, his view of crypto skeptics such as Warren...
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517 Hits

Coinbase takes position of industry leader, establishes “Institutional Core Principles”

  Coinbase recently released a list of principles they aim to adhere to as an exchange platform. In a blog post named "Introducing our Institutional Core Principles", Adam White, the Vice President and General Manager at Coinbase, spoke about the rules for propagating the platform's visions. This comes after a general uptick of interest by ins...
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208 Hits

Coinbase Makes Its Index Fund More Attractive to Institutional Investors by Halving Its Fee

  On Monday (13 August 2018), Coinbase announced that it was reducing the annual management fee for its Index Fund from 2% to 1% for both existing and new investors. This is the reason Coinbase gave for reducing the management fee: "We're reducing our fee in order to attract investors who are familiar with lower-fee index funds in other asset ...
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237 Hits

Crypto Exchange KuCoin Launches Institutional Investor Program

  KuCoin , a Singapore-based cryptocurrency exchange, announced Wednesday that it has launched a new institutional investor program designed to provide qualifying investors with significant trading fee discounts. KuCoin qualifies institutional investors based on trading activity and any investor that actively conducts professional-level tradin...
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259 Hits

Crypto exchange Binance buys Trust Wallet in first acquisition deal

Binance , the world's largest crypto exchange based on volume, has made its first acquisition after it snapped up mobile wallet company Trust Wallet . The deal is undisclosed, but Binance confirmed to TechCrunch that the compensation is a mixture of cash, Binance stock and a portion of its BNB token. U.S.-based Trust Wallet will remain independent ...
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204 Hits

Crypto Exchange Coincheck’s Owner Monex Reveals Plans to Open US Trading Platform

  Online broker Monex Group, which bought out hacked Japanese cryptocurrency exchange Coincheck this spring, plans to launch a U.S .-based trading platform, Cointelegraph Japan reported today, July 27. A summary of data from a financial briefing held Friday confirms plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsid...
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223 Hits

Uber, E*Trade Vets to Launch No-Fee Crypto Exchange

  A new cryptocurrency exchange is set to launch with no-fee trading – and it's got some notable backers behind it. Voyager, according to a report from Fortune , is founded by the co-founder of Uber, Oscar Salazar, as well as one of the ride-hailing app's early investors, Philip Eytan. Voyager's CEO is Stephen Ehrlich, the former CEO and found...
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224 Hits

Coinbase Takes on Cryptocurrency Gift Cards With Limited Rollout

Major U.S. cryptocurrency wallet and exchange Coinbase has entered the crypto gift card market, allowing customers in certain countries to exchange coins for brand e-certificates, according to their July 25 blog post . In the post, Coinbase confirmed the new option was made possible through a partnership with UK -based startup WeGift, and will effe...
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Coinbase Now Has Its Own Political Action Committee

  San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. In the U.S. , PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political ...
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271 Hits

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

  Major U.S . crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched "Coinbase Custody," its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, ...
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263 Hits

Coinbase Retracts Announcement of Regulatory Approval to List Coins Considered Securities

Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission ( SEC ) to trade in securities, Bloomberg reports July 18. Last week, Coinbase reported that it could now operate as a broker dealer, offering digital tokens considered to be securities, after its acqui...
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226 Hits

Trading Opens on Huobi's New US-Based 'Strategic Partner' HBUS

Huobi crypto exchange has opened trading on its newly created U.S.-based "strategic partner" HBUS, according to a press release shared with Cointelegraph today, July 10. Huobi's new cryptocurrency marketplace comes via a San Francisco-based partner company called HBUS , whose creation was first announced in early June. As of 10 a.m. (Pacific Time) ...
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240 Hits

Crypto Exchange Gemini Hires Former NYSE Tech Chief

Cryptocurrency exchange Gemini has hired former New York Stock Exchange (NYSE) chief information officer Robert Cornish to serve as its first chief technology officer. The exchange, founded by investor-brothers Cameron and Tyler Winklevoss, announced Friday that Cornish would be in charge of Gemini's technology team and strategy, according to a pre...
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230 Hits

Central Bank of the Philippines Accredits Two New Crypto Exchanges

  The Philippine central bank , Bangko Sentral ng Pilipinas (BSP), has approved applications filed by two new cryptocurrency exchanges, news outlet Business World reported July 6. The Deputy Governor of the BSP Chuchi G. Fonacier reportedly said that Virtual Currency Philippines, Inc. and ETranss have been accredited as platforms, which allows...
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259 Hits

Bittrex and Invest.com Partner on New Crypto Trading Platform

  Bittrex, a U.S.-based cryptocurrency exchange platform, and invest.com, a fintech startup based in London, are set to launch a new EU-focused crypto trading platform. The collaboration, announced Thursday, aims to provide cryptocurrency investors with "the ultimate platform to trade cryptocurrency in a safe and secure environment," according...
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245 Hits

Binance Opens Its First Crypto-Fiat Exchange in Uganda

  The world's largest cryptocurrency exchange has just launched a fiat trading pair in Uganda. Binance, the largest exchange by volume according to CoinMarketCap, announced Thursday that it was starting a fiat-crypto trading pair with the Uganda shilling. Moreover, the company also announced its first fiat crypto exchange in the nation, called...
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254 Hits