Search Results for: BNB

bnb, binance

Binance burned $400 million worth of BNB in its token burn event

Binance, the world’s largest cryptocurrency exchange, has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million in BNB. Binance announced on July 18 that it had destroyed 1,296,728 BNB tokens worth just under $400 million. A total of 5,163 BNB were destroyed through the exchange’s Pioneer Burn Program, which is designed to […]

bitcoin, ethereum, btc

Bitcoin and Ethereum are recouping their losses, but the upsides are limited

Bitcoin’s price failed to break into the positive territory, and it continued to fall below USD 35,000. BTC made a low near USD 31,150 after testing the USD 31,000 zone. It is currently correcting higher (04:40 UTC), but bears may remain active near USD 38,000. Similarly, the majority of major altcoins continued to fall. ETH […]

Researcher: Exchanges Could Fight Hackers By Renting Mining Power

Exchanges Can Battle Hackers By Renting Mining Power: Researcher

Coin Metrics researcher Lucas Nuzzi, speaking at the virtual event Unitize. Suggested that one way for exchanges to fight against hackers is by leasing online markets mining power. 6 Ticking countdown confirmations Nuzzi conjectured that a hacked exchange could rent enough hashpower through an online marketplace to oblige the network to reorganize favorably: “So it […]

Crypto Exchange KuCoin establishes KuGroup to expand services

IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services

Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure the business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. KuCoin announces two new appointments alongside […]

DeFi giant MakerDAO

DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH – for Now

As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown – though that possibility remains unlikely at this point. Markets clobber DeFi Per a March 12 call in response to “Black Thursday” losses, developers and MakerDAO Foundation members weighed the […]