Search Results for: Binance Coin

Bitcoin price didn't crash 60% due to coronavirus says binance ceo

Bitcoin Price didn’t Fall 60% Less due to Coronavirus, Says Binance CEO

The Coronavirus pandemic was all around the world like fire. And this is what that ignited the current global economic meltdown, not its cause, the Binance’s CEO says. As per the blog post published on March 20, Changpeng Zhao, famous as “CZ” in crypto-verse, argued that coronavirus shows the world how weak our economy is. […]

British Pound Stablecoin

Binance Working On The New British Pound Stablecoin

The global crypto exchange platform, Binance has come up with a British Pound Stablecoin. The British Pound stablecoin is in the pilot stage on its own blockchain, Binance chain. The information comes from a twitterati CryptoBatsman’s post. The twitterati observed the “$BGBP” listing on the Binance platform. Changpeng Zhao, the CEO of Binance later replied […]

Binance Faces Security Breach

Binance Faces Security Breach: Hackers Stole 7,000 Bitcoins

Popular crypto exchange Binance faces security breach and in the event, hackers managed to steal 7,000 bitcoins. The anonymous group of hackers withdrew 7,000 bitcoins which has an estimated value of $40,705,000. The exchange says that the crackers used phishing techniques and viruses to gain access to 2FA codes and API keys. Also, they may […]

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 […]

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Binance CEO Wishes More Defi-Based Ethereum Projects to Join His Platform

Changpeng Zhao, CEO of Binance, welcomed more DeFi projects based at Ethereum to join the Binance Smart Chain (BSC) platform. In a tweet discussion with another user, Zhao explained that this step would lower the load on the Ethereum network, which in turn will lead to a reduction in the gas fees for Ethereum. Zhao […]