Binance | Digital Money Times

Binance Rolls Out Mining Pool For ETHW With Zero Fee

October 3, 2022 By Mark Lyford Leave a Comment

Binance has introduced mining pools for ETHW users, offering zero fees for a limited time. ETHW is a forked version of Ethereum that retains the Proof-of-Work components of the blockchain before the merge. The popular crypto exchange made the announcement on Thursday, September 28, through a blog post on its website.

Mining pools are created when a group of crypto miners wishes to share resources with other miners. They do this to increase their probability of executing a transaction collectively.

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This Ukrainian Supermarket Decided To Accept Crypto Through Binance Pay

September 18, 2022 By Mark Lyford Leave a Comment

Binance has recently announced that VARUS, a Ukrainian supermarket chain, will now accept crypto. It announced that it had recently partnered with the supermarket chain, and now that will facilitate crypto payments for customers buying groceries.

This transaction would take place through Binance Pay Wallet. VARUS happens to be one of the largest grocery store companies in Ukraine.

There are a total of 111 stories in 28 different cities within the country.

VARUS believes that this partnership will now let the customers gain access to crypto payments, which could make delivery seamless and quicker. Read more...

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Binance CZ Favors Biden’s Regulatory Policy Unlike Other Industry Leaders

September 18, 2022 By Mark Lyford Leave a Comment

U.S. President Joe Biden ordered federal agencies in March to analyze the crypto industry in order to design better regulations protecting users. After six months of Biden’s order, the government authorities issued reports covering recommendations for the crypto regulatory framework needed to drive transparency and prevent illicit activities.

The cryptocurrency reports published on Thursday faced criticism from a few crypto companies that it lacks clarity through some corners of the crypto ecosystem. Contrary to these claims, the CEO of the world’s leading blockchain crypto exchange, Changpeng Zhao, also known as C.Z., praised the first ever government papers on crypto regulation and intended to work with legislators. Read more...

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Indian Crypto Traders Move To Binance And FTX, Here’s Why!

September 15, 2022 By Mark Lyford Leave a Comment

Changpeng Zhao, crypto platform Binance’s CEO, is serious about securing its position in the Indian market for crypto trading owing to a shift in the tax structure in India.

Binance currently has an edge over its competitors in the Indian market because it doesn’t include the high taxes or difficulty in moving money in and out of the trading platforms.

The number of downloads of the Binance app in India has increased to 429,000 in the month of August.

It has been the highest this year and is close to triple that of the second-ranked CoinDCX, according to data from market intelligence firm Sensor Tower. Read more...

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Zero Bitcoin Fees & USDC Delisting: How Binance Is Pushing For Larger Marketshare

September 7, 2022 By Mark Lyford Leave a Comment

The crypto exchange Binance has recently continued to push for growth in its share of the Bitcoin volume, as well as the stablecoin market.

Binance Zero Fees Leads To Big Surge In Bitcoin Trading Volume, Exchange Drops USDC Support

As per the latest weekly report from Arcane Research, the volume on Binance has remained substantially more than the rest of the market.

The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted in spot markets on any given day. Read more...

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Binance CEO Hits Back At Accusers Crypto Exchange Is A Chinese Company

September 3, 2022 By Mark Lyford Leave a Comment

Binance CEO Changpeng Zhao can only clap back at his accusers that his company is a Chinese “criminal entity.”

With approximately 28.6 million members on its platform, the firm is one of the world’s largest crypto exchanges.

Since its launch in 2017, it has been a key player in the cryptocurrency industry. In 2020, Binance reported a revenue of $ 1 billion.

Additionally, the company has its own tokens, notably BNB and Binance USD. BNB was initially created on the Ethereum blockchain in 2017 and migrated to its own custom-built chain in 2019. Read more...

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Bitcoin Bearish Signal: Miners Move 4.4k BTC to Binance

September 2, 2022 By Mark Lyford Leave a Comment

On-chain data shows Bitcoin miners have moved around 4.4k BTC to Binance, something that may prove to be bearish for the price of the crypto.

Bitcoin Miner To Exchange Flow Has Spiked Up Over The Past Day

As pointed out by an analyst in a CryptoQuant post, the recent transaction seems to have come from the Poolin mining pool.

The relevant indicator here is the “miner to exchange flow,” which measures the total amount of coins moving from wallets of all miners to all exchanges. Read more...

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Bitcoin Trading Volume Excluding Binance Remains At Yearly Lows

August 31, 2022 By Mark Lyford Leave a Comment

Data shows the Bitcoin trading volume on exchanges other than Binance has recently been near the yearly lows reached in April.

Bitcoin Spot Trading Volume Is Much Lesser When Excluding Binance

According to the latest weekly report from Arcane Research, while the daily total spot volume averaged to $ 8 billion during the last week, this value is inflated because of Binance.

The “daily trading volume” is an indicator that measures the total amount of Bitcoin that was transacted on the spot markets on any given day. Read more...

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Binance Partners With Virtuzone To Enable Digital Payments For Startups In UAE

August 30, 2022 By Mark Lyford Leave a Comment

Virtuzone, the UAE’s leading firm providing corporate and business formation services, secured a strategic partnership with Binance to enable digital payments via Binance Pay, according to a PR published on August 29.

Interestingly, the partnership plans to support web 3 developments in Dubai and open the way for startup companies in the UAE to expand their reach globally via implementing cryptocurrency payments and blockchain solutions.

Virtuzone has joined the list of Majid Al Futtaim, while JA Resorts and Hotels have already partnered with Binance Pay. Still, it has become the first corporate service provider in the UAE to offer digital payment setups for business companies. Read more...

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Binance CEO Clarifies Involvement In WazirX As India Raids Director

August 5, 2022 By Mark Lyford Leave a Comment

Per a press release from India’s Enforcement Directorate (ED), crypto exchange Binance is allegedly involved in a money laundering scheme created with WazirX. This entity operates as a crypto exchange platform in this country; one of its offices was raided on August 3rd, as a result of an ongoing investigation.

Binance’s CEO Changpeng Zhao has denied the allegations, stating that the company has no financial ties with WazirX and that it neither owns any equity in Zanmai Labs. According to the release from the Indian authorities, the latter is WazirX’s parent company and one of the main alleged actors in the money laundering scheme. Read more...

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Binance And Mastercard To Launch Bitcoin Rewards Card In Argentina

August 5, 2022 By Mark Lyford Leave a Comment

Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.

Binance is launching a bitcoin rewards card in Argentina.
The company is partnering with Mastercard and Credential Payments to provide market access and issue the card.
Users will enjoy 8% cashback on purchases and zero-fee ATM withdrawals.

Binance, one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card powered by bitcoin and other cryptocurrencies in Argentina, according to a press release. Read more...

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Binance Bitcoin Holdings Flips Coinbase Amid Insolvency Rumors

July 20, 2022 By Mark Lyford Leave a Comment

The battle for supremacy among crypto exchanges has often come down to the amount of bitcoin that they hold. This is due to the prestige that comes with the pioneer cryptocurrency and, of course, the value that it commands. For the longest time, Coinbase has maintained its lead in the market when it comes to bitcoin holdings. However, it looks like there is a new king in town as Coinbase’s bitcoin holdings have fallen. Read more...

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Dutch Central Bank Fines Binance Over Unauthorised Services

July 19, 2022 By Mark Lyford Leave a Comment

The Dutch Central Bank has imposed a 3.3 million euros ($ 3.4 million) fine on Binance for extending unauthorised services to Dutch citizens.

The crypto exchange did not have proper registration but still continued to provide services. This comes as a setback to the exchange’s campaign to win over the European regulators.

The Central Bank stated that the crypto exchange had violated the rules which was needed by the digital asset company to be able to have a registration that would facilitate the exchange to offer services in Netherlands. Read more...

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Binance Launches New Platform for VIP and Institutional Investors

June 24, 2022 By Mark Lyford Leave a Comment

The exchange’s release of Binance Institutional aligns with CEO Changpeng Zhao’s commitment to hire and expand during the bear market.
CoinDesk

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US Probes Binance

June 13, 2022 By Mark Lyford Leave a Comment

The post US Probes Binance appeared first on 99 Bitcoins.

PayPal finally allows external crypto withdrawals, regulators investigate Binance over BNB issuance and what do …

US Probes Binance Read More »

99 Bitcoins

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Binance Lists Privacy-Oriented Dapp Platform Dusk Network (DUSK)

July 23, 2019 By Mark Lyford Leave a Comment

Binance, the world’s largest crypto exchange, has officially listed Dusk Network (DUSK), a privacy-oriented blockchain protocol that anyone can use to create zero-knowledge dapps, on its main exchange. New Binance listing! Read our in-depth @Binance Research report on @DuskFoundation $ DUSK here:https://t.co/BWguRf9AVG — Binance Research (@BinanceResearch) July 22, 2019 According to the announcement, Binance added the […]
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eToro CEO, Binance Exec Join Justin Sun’s $4.5 Million Buffett Lunch

July 22, 2019 By Mark Lyford Leave a Comment

The highly anticipated crypto power lunch between Warren Buffett and Justin Sun is growing and will now include two new members who promise to enrich the conversation between the two businessmen. eToro CEO Yoni Assia is one of them. Assia has been straightforward and actually pushed for an invitation instead of waiting for it. Would […]

The post eToro CEO, Binance Exec Join Justin Sun's $ 4.5 Million Buffett Lunch appeared first on CCN Markets

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Binance Launches Stellar (XLM) Staking With Monthly Payouts

July 21, 2019 By Mark Lyford Leave a Comment

Binance, the world’s largest crypto exchange, announced this week that it now supports passive staking for Stellar (XLM). #Binance Will Support @StellarOrg ( $ XLM) Staking & Launch a 9,500,000 XLM Initial Staking Reward Airdrop. Users holding XLM on Binance may expect to receive a 1st staking reward amount equivalent to roughly 10-12 months worth of […]
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BiKi.com Compares Favorably Against Top Exchanges Binance, OKEx and Huobi

July 15, 2019 By Mark Lyford Leave a Comment

15th July, Singapore, Singapore – The numbers are in and fast-growing exchange BiKi.com is proving it is no flash in the pan. According to official reports, BiKi.com’s revenue figures in the second quarter exceeded USD 15 million, which is a 500% increase when compared to figures from the first quarter. This works out to one-eighth […]

The post BiKi.com Compares Favorably Against Top Exchanges Binance, OKEx and Huobi appeared first on CCN Markets