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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Binance Destroys $26 Million Worth of Its Team’s BNB Tokens

Binance, the world's top exchange by trading volume, says it has completed the eight quarterly "burn" of Binance coin (BNB) tokens. The exchange posted Friday that the burn – the industry term for destroying tokens – comes in accordance with its white paper and involved 808,888 BNB previously allocated to the Binance team. The amount was worth arou...
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181 Hits

#UseBNB as of May 2019, Now With Binance Chain

Here’s the latest expansive universe of the use cases for Binance Coin (BNB). Thanks to Binance Chain, this universe just got a whole lot bigger.
The last time Binance provided a list of use cases for Binance Coin (BNB) , around late March , we counted around 55 use cases for storing, using, and spending BNB. This time, we're counting at least 83. This means that since we last wrote about #UseBNB on this blog, we've increased the number of use cases for BNB by more than 50%. You can see the ...
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186 Hits

Binance and Cred Partner to Bring Decentralized Financial Services and LBA to Binance Chain

The largest cryptocurrency exchange and the leading platform for crypto lending and borrowing will offer Cred’s services to the Binance ecosystem
Binance, the world's largest cryptocurrency exchange by trading volume and developer of proprietary blockchain Binance Chain, and Cred , the leading platform for crypto lending and borrowing, today announced an agreement to work together to spur the decentralization of finance. As part of the agreement, Cred will migrate a portion of its ERC20 LBA ...
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219 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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760 Hits

Zhao: Binance Chain to Be Ready in “Months,” Enabling Projects to Issue Tokens

  Some of Asia's most wealthy people have gathered in Singapore today to learn about blockchain technology and crypto from the planet's most influential thought leaders in the space. Amongst those presenting at Forbes Asia's "Decrypting Blockchain for Business" event was Binance's Changpeng Zhao and BTCC's Bobby Lee. Interest in Blockchain Rem...
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342 Hits

Binance CEO Says 2019 Is When Cryptos Achieve Mass Adoption

  Although the cryptocurrency market is in a bear trend, there are some figures that believe the market will grow during the next year. During a conversation with The Street a few days ago, Changpeng Zhao, Binance CEO, said that in 2019 cryptocurrency adoption will increase. Changpeng Zhao Believes Adoption Will Increase in 2019 During 2018, t...
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248 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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294 Hits

Binance Partners With Blockchain-Based Startup Libra Credit for Loans Collateralized by BNB

Binance Labs recently partnered with Libra Credit to offer loans collateralized by BNB. The partnership aims to address the "growing global demand for liquidity of crypto assets based on the Ethereum blockchain." ​ Binance Labs, the investment arm of leading cryptocurrency exchange Binance , has recently partnered with Libra Credit to offers its us...
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314 Hits

Malta: Crypto Exchange Binance Backs Plans to Create First Decentralized, Tokenized Bank

  The world's second largest crypto exchange, Binance , is backing plans to create a blockchain -based bank with tokenized ownership, Bloomberg reports today, July 12. The future "Founders Bank" would be owned by digital token investors and be based in Malta , known for its robust and transparent crypto regulatory climate. According to Bloombe...
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276 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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329 Hits

Malta Approves Three Blockchain, Crypto Bills in Second Parliamentary Reading

Malta approved three distributed ledger technology and crypto-related bills in their second reading in Parliament yesterday, June 26, according to legislative records from the plenary session. The approved bills include the Innovative Technology Arrangements and Services Bill, the Virtual Financial Assets Bill, and the Malta Digital Innovation Auth...
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308 Hits

Crypto Exchange Binance to Offer Fiat-Crypto Trading via Malta-Based Platform

  Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta -based exchange, a Binance representative told Cointelegraph today, June 11. Binance is currently the second largest cryptocurrency exchange by 24-hour trading volume , seeing about $1.5 bln in trades on the day to press time. While Bloomb...
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Binance, NEO Lead $12 Million Investment In AngelList Crypto Spin-Off Republic

  Invented to democratize access to funding, it could be argued the crypto token hasn't quite lived up to its goal. Already gone are the days when any investor could get access to the next big offering (most early issuances, it seems, are now catering to the same stable of Silicon Valley VCs). But one new project is looking to right the narrat...
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328 Hits