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Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to Tether

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Binance is set to open trading for select TrueUSD (TUSD) trading pairs on Friday, May 18th, at 4:00 am (UTC). The USD-pegged stablecoin will only be tradable against Bitcoin (BTC), Ethereum (ETH), and the exchange’s own Binance Coin (BNB).

Like Tether, Only Regulatory Compliant

TUSD is a stablecoin designed to match the US dollar at a one-to-one ratio, meaning one TUSD roughly equates to one USD, in terms of valuation.

Unlike Tether (USDT), a sometimes controversial USD-pegged stablecoin, TrueUSD is reportedly much more regulatory compliant. Explains Binance:  Read more...

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“Stablecoin” Trueusd Pumps After Binance Listing

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“Stablecoin” Trueusd Pumps After Binance Listing

It’s customary for cryptocurrencies to pump after securing a Binance listing. Every week a handful of tokens enjoy the “Binance bounce”, gaining as much as 50% in a matter of hours. Trueusd (TUSD) was meant to be different though. It’s a stablecoin whose job is to stay as close to the US dollar as possible. And yet, when Binance announced that it was adding TUSD, the unthinkable happened.

Also read: Circle Raises $ 110Mn With Plans to Launch USD-Backed Coin  Read more...

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Binance to Invest $15 Million in Bermuda as Crypto Regulations Advance

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Binance to Invest $ 15 Million in Bermuda as Crypto Regulations Advance

While some governments say they see the potential future benefits of a local cryptocurrency hub, more proactive jurisdictions are already reaping the rewards. The latest example comes from Bermuda, which is rapidly advancing its receptive crypto regulations and strengthening the local economy.  

Also Read: Hong Kong Alcohol Company Buys 51% of Bitcoin Miner for $ 60 Million

Binance Brings Jobs, Education and Investment

Binance to Invest $ 15 Million in Bermuda as Crypto Regulations AdvanceThe Premier of Bermuda, Edward David Burt, announced on Friday his government’s new partnership with cryptocurrency exchange Binance. Under the signed agreement, the company is to establish a Global Compliance Centre in the country creating forty jobs. Binance will also invest $ 10 million in education for local residents, and $ 5 million in Bermuda-based blockchain companies.  Read more...

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Blast From The Past: CloakCoin Jumps 35% After Binance Confirms Trading

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Privacy-focused altcoin CloakCoin (CLOAK) hit $ 16 April 18 after the world’s largest cryptocurrency exchange Binance confirmed it had listed the asset.

The Long Road From Rags To Riches

In a move also confirmed by CloakCoin developers, Binance appeared to reverse the fortune of the stagnant altcoin, which had seen little activity for most of its four years on the market.

Issued in June 2014 at $ 0.18 per token, CLOAK then traded below that rate from September 2014 until February 2017.

cloakcoin  Read more...

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Binance Burns $30 Million in BNB Tokens, Price Drops

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Last night, Bitcoinist reported that Binance, one of the most popular cryptocurrency exchanges in the world, would likely be executing its unspecified quarterly coin burn sometime today — which is exactly what happened.

Burn Victims

Earlier today, the Binance team announced the results of its Q2 2018 coin burn in an official post on the exchange’s support page, writing:

Fellow Binancians,

In accordance with our whitepaper, we have now completed the burn of 2,220,314 BNB (roughly $ 30MM USD equivalent) for the our [sic] 3rd quarter.

Thanks for your support!  Read more...

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Japan’s FSA Warns Binance to Comply with Licensing Requirements

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Japan’s FSA Warns Binance to Comply with Licensing Requirements

Japan’s top securities regulator has issued a formal warning to cryptocurrency exchange Binance that it needs to comply with licensing requirements in order to continue operations.


The news, which the Financial Services Agency (FSA) published in a statement on Friday, March 23, 2018, confirms earlier rumors reported by news outlet Nikkei that an FSA warning was forthcoming, given the exchange was already operating in the country without a license.  Read more...

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Binance Seeks New Home in Malta’s Fintech-Friendly Environment

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Binance in Malta

After facing crackdowns in China and being issued a warning by regulators in Japan, cryptocurrency exchange Binance is now seeking a home on the crypto-friendly island nation of Malta, the company’s CEO Zhao Changpeng told Bloomberg.  

Malta is known for extending open arms to fintech and blockchain technology. Malta Prime Minister Joseph Muscat underscored that policy when he shared the Bloomberg piece on Twitter, stating, “We aim to be the global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies.”  Read more...

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Malta Prime Minister Welcomes Binance to Its “Blockchain Island”

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Malta Prime Minister Welcomes Binance to Its “Blockchain Island”

The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies”. Colleagues joined him in welcoming Binance and spoke of a desire for Malta to become known as “the blockchain island”.

Also read: Zhao Dong Recounts How He Lost 9,000 BTC  Read more...

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Bitcoin Price Falls As Markets React To (False) Japan Binance Threat [UPDATED]

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Bitcoin fell $ 500 in hours to hit two-day lows March 22 after news broke Japanese regulators may ban the world’s largest cryptocurrency exchange, Binance.

Co-Founder Ye Not Concerned

UPDATE: Binance CEO Changpeng Zhao has responded to the news on Twitter stating that the source showed “irresponsible journalism” as the crypto exchange is currently in “constructive talks” with the FSA and did not receive any mandates so far.

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Decentralized Exchanges on the Rise With Kyber and Binance Developments

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Decentralized Exchanges on the Rise With Kyber and Binance Developments

Decentralized exchanges promise a world in which cryptocurrency can be traded without a centralized middlemen. Nevertheless, the majority of cryptocurrency currently trades on centralized exchanges that have amassed large network effects, offer large amounts of liquidity and have an easy-to-follow user experience. Recently, exchanges Binance and Kyber Network released news of progress toward the future of decentralized exchanges: Binance announced the launch of a decentralized exchange, and Kyber Network made their decentralized exchange beta available to the general public.  Read more...

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