Binance

Established in 2017, Japan. No. of pairs - 360. Fiat - no. Centralized exchange. KYC & Restrictions - yes.

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Binance, Bitfinex only exchanges in top-25 list not faking trading volume, says research

There have been many scandalous revelations with respect to the exchanges over the past, and now a report from Blockchain Transparency reveals that most cryptocurrency exchanges are faking the cryptocurrency trading volumes. The report infers that 87% of all trading volumes on the top-25 exchanges are fake. Source: Blockchaintransparency.org The widely used CoinMarketCap too is not a reliable source, marks the report. It suggests that out of 25 exchanges on CoinMarketCap, 11 had their volumes faked for up to 99%. Twelve of the major exchanges likes Huobi and OKEx are faking more than 75% of the trading volumes, said the report. Source: Blockchaintransparency.org Many of these exchanges are situated in places like the Cayman Islands and Gibraltar, which do not have many regulations to keep the manipulation in check. Malta-based Binance and British Virgin Island-based Bitfinex are the only two exempted from charges of manipulation in the report. However, Bifinex has been charged with pumping up the Bitcoin in 2017. It was alleged that Bitfinex issued Tether, but when it comes to the trading volumes, the data of Bitfinex seems reliable, noted the report. Source: Blockchaintransparency.org Under the leadership of Changpeng Zhao aka CZ, Binance seems to be a reliable option as it has always proved itself, according to the report. The exchange recently pledged to donate all of their listing fees to charity. It is also actively participating in developing the ecosystem by taking up initiatives to impart education and generating funds. The exchanges were also involved in manipulating the volumes usually let the investors buy and sell to themselves, giving an illusion of trading activity on exchanges. This is illegal in many jurisdictions and thus, the exchanges in the are with less to no regulations, are seem to be involved in what is known as Wash Trading. Exchanges like Coinbase and Kraken, which are major US exchanges, were not a part of the top-25 list. These exchanges are mostly fiat and do not participate in wash trading like other on the list. This is a shocking revelation and is exptected to impact many crypto holders and others planning to take an informed decision. The entry of institutional players like Nasdaq and NYSE may bring in more regulations and might reduce the chances of data manipulations. The post Binance, Bitfinex only exchanges in top-25 list not faking trading volume, says research appeared first on AMBCrypto.
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Top 5 Crypto Performers Overview: EOS, Binance Coin, TRON, Litecoin, Bitcoin

Top 5 Crypto Performers Overview: EOS, Binance Coin, TRON, Litecoin, Bitcoin In December 2017, the market participants were eagerly waiting for the total crypto market capitalization to touch $1 trillion. Fast forward to December 2018, and the total market capitalization is struggling to hold on to the $100 billion mark. This shows the complete change […] Cet article Top 5 Crypto Performers Overview: EOS, Binance Coin, TRON, Litecoin, Bitcoin est apparu en premier sur Bitcoin Central.
Bitcoin Central

How Binance Is Spearheading Gender Equality in Technology

The fields of Science Technology Engineering and Mathematics (STEM) have for decades been considered as male professions. But over the years, women have proven that they too can tackle STEM careers in a manner similar to or greater than their male counterparts. The same can be said about the crypto and blockchain industry. One needs to just explore the crypto communities on Telegram, Twitter and Reddit to experience first hand that women are as active as ever in the discussions about investing and trading. Binance Is Setting the Pace for Gender Equality in Technology Unbeknownst to many crypto enthusiasts and traders is that several of the biggest decisions and moves in the Binance ecosystem are handled by women. The team at the exchange acknowledges that they owe much of their success to their female colleagues who take on many critical roles in the Binance ecosystem. The team at Binance has given us exclusive access as to how women have taken up crucial roles in the company through a recent blog post that states the following. Amid the gender equality struggle of many companies in the tech industry, Binance has put importance in entrusting women with several crucial roles within the organization. This has resulted in about 50% of employee positions in Binance, including more than 40% of the leadership positions, being held by women. In almost every division in Binance, you’ll see women either leading strategy or executing at top performance, oftentimes both at the same time. Notable Women at Binance The exchange has had the pleasure of having the following women in their organization who have continually pushed to see Binance succeed. He Yi, Co-founder and Chief Marketing Officer of Binance (pictured below, left) Ella Zhang, head of Binance Labs (center) Helen Hai, head of Binance Charity (right) He Yi, Co-founder and Chief Marketing Officer of Binance, further explains how the exchange has managed to recruit a lot of excellent women. At present, our proportion of female employees is very high, accounting for about half of our team. We see more and more women joining the industry, and many outstanding women have emerged in the space. I think this is the best proof, as Binance does not consider gender or marital status during the recruitment process. We have naturally recruited a lot of excellent women, and we speak through our strength at Binance. More on how Binance has helped bridge the gender divide can be found through their most recent blog post here. What are your thoughts on Binance setting the pace for gender equality in technology? Please let us know in the comment section below.  The post How Binance Is Spearheading Gender Equality in Technology appeared first on Ethereum World News.
Ethereum World News

Binance Labs Releases 8 Blockchain Projects From Its Incubator Program.

Binance Labs, the branch of the famous Exchange Binance focused on promoting initiatives related to the use of blockchain technologies, has recently announced the release of the first batch of projects that became a reality thanks to its incubation program. Part of the team working at Binance Labs According to a Press Release shared with Cointelegraph, the Binance Labs team promoted a group of 8 projects destined to solve essential challenges faced today by industries that are oriented to the use of crypto or that rely on Distributed Ledger Technologies to offer their services. Speaking to Forbes, Ella Zhang expressed that with this program, Binance not only focuses on the use of current technologies but also is working to build a better future by investing in projects that do not have the necessary resources to begin but have great potential to help the ecosystem in the future. Binance Labs Incubation Program is a 10-week on-site program designed to provide the necessary resources to top blockchain developers around the world. Through the program, we support entrepreneurs who are solving critical problems for the blockchain industry. In particular, we help participants focus on “BUIDLing” products from an early stage. The term BUIDL is a glossary term from the Binance Academy, originally derived from HODL, a term referring to keeping your heads down and focusing on building your product,” Binance Labs Incubation Program: Picking Only The Best of The Best Over 500 projects applied for the first round of the Incubation program, however only 8 got approval from the Binance Labs team. These projects received direct funding of $500,000 and access to a series of human and technological resources that will allow their rapid and successful development. The incubation program has a duration of 10 weeks. In the first season, initiatives such as SafePal (a project focused on the development of a hardware wallet), Torus (focused on the development of logins for DApps), Nym (a project focused on computer security systems), Deaux (a prediction market platform) benefited, Akio Labs (focused on the development of techniques aimed at obtaining insights from blockchain data), Injective Protocol (a DEx), Path (a Project described as Plaid for crypto) and Injective Protocol (Gusto for crypto native companies) The post Binance Labs Releases 8 Blockchain Projects From Its Incubator Program. appeared first on Ethereum World News.
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Binance news by Finrazor

DIGEST

This week twitter-community is waiting for the BCH fork, reading Vitalik Buterin and expressing opinions... — nothing uncommon, but quite lively

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DIGEST

eToro supports universal basic income ideas, Axoni raises additional $36M, Binance welcomes institutional investors when Bloomberg proves their interest in investing in crypto is low, hopes as for BTC ETFs, ConsenSys, Japan’s Shinsei Bank, Nippon Wealth, and Tribay Capital become partners, Alprockz and Geneva Swiss Bank collaborate to create a stablecoin

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DIGEST

Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges

DIGEST

Tether destroyed 500 million USDT, Swissquote allows ICO participation, Coinbase added its first stablecoin, IDEX to block NY users, Vertex Ventures invests in Binance, the biggest crypto theft in Australia, Sony creates contactless hardware wallet, Japanese crypto exchanges got a self-regulatory status, Bitcoin Futures still lack volume — in this weekly news

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DIGEST

Boost VC to invest in 100 crypto startups, People.ai receives $30M, Medici Ventures invests in Minds Inc, Elixxir receives seed investments, Vertex Ventures invests in Binance, Checkmate Capital invests in Bcause, Global Brian supports Omise, Cobo Crypto Wallet raises $13M, $15M for BitGo, TEMCO partners Foundation X, Animoca Brands teams up startups, Silver Cost Basis partners Voyager Digital, 3 strategies for crypto investors, ideas on where to invest, blockchain and crypto investments will grow

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DIGEST

Bitfinex introduces a new system, BTCC launches in South Korea, the Bitcoin Unlimited upgrades features, the Maldives denies giving permits, IAMAI attracts big players, Huobi lists stablecoins, Binance opens in Uganda

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Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings

Every day, the crypto market is on the verge of entering darker territory, and as prices continue to plunge, many cryptocurrencies have become the victims of sudden sell-offs. An initial coin offering (ICO) called Substratum has even taken to day trading its present ether holdings to make up for potential losses. In a YouTube video, a figure named Justin from the Substratum network announces that the company is opening the doors to a token swap set to begin on Monday, December 17. The smart contracts for the company will begin then and batch transactions will start happening over the Ethereum network. Old Crypto Becomes New Crypto Prior to this date, executives will be moving any remaining Ethereum tokens in their crowdsale wallet over to a new wallet. If a person’s tokens are on Binance, the switch will be occurring natively through the exchange. Thus, customers will not need to worry. If a customer’s tokens are locked up in a wallet for an airdrop, they too will not need to take any steps. The move from the present wallet to the new wallet will occur on its own time. All older tokens will become frozen and unusable while the new tokens will be transferred into customers’ wallets. The company is also moving from two decimal places to 18 decimal places, which representatives claim will make transactions faster and more efficient. The smart contract has been fully audited by Quantstamp; furthermore, 120 million old tokens have been burned thus far. They will not be coming over through the transfer but will rather disappear into what Justin calls “the ether.” These tokens are set to disappear completely. The transfer will not be done within a set timeframe. The transfer is indefinite and will last until all customers’ wallets have received their new tokens. Predicting What the Future Holds Substratum now has a full-time trader on staff, who has suggested that Ethereum is going to be continually tested over the coming months. The bear market is not letting up and he has stated that Ethereum could fall to as low as $60. Executives are not necessarily looking to cash out. Instead, they will be trading only a portion of the Ethereum they possess, which they claim will give them the chance to “trade up” and potentially earn a little revenue before the crypto market falls any further. Once the market becomes bullish again, Justin claims in the video that Substratum will be in a better place and will be able to create newer (and better) products. Do you foresee the market getting even worse before it gets better? Post your comments below. Image courtesy of Shuttershock The post Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings appeared first on Live Bitcoin News.
Live Bitcoin News

States Take Cryptocurrency Regulation Into Their Own Hands As US Federal Government Focuses On Blockchain

States Take Regulation Of Cryptocurrency In Their Own Hands, As US Federal Government Focuses On Blockchain Technology The regulation of cryptocurrency has been an ongoing problem for the United States (US). They have managed to outline particular processes involved with blockchain technology and have many trials that examine the way that it works in their industries. However, the fact that even government authorities have different classifications for the same token groups makes it hard to know how to handle them. As a result of the confusion, any states are working to become the friendliest places for cryptocurrency. Ohio even made an announcement recently that they would allow their residents to cover taxes with the use of crypto payments. In the meantime, the authorities are still in a state of confusion with defining and regulating the assets that clearly are in demand for residents. The ones making the most noise about the lack of organization of the federal policies aren’t stakeholders or even enthusiasts; these concerns also involve academics. Carol Goforth, a professor at the University of Arkansas, recently noted that there are presently four different regulators within the federal government that oversee how digital assets are dealt with, from their categorization to their issuance, and further. These four entities are the: Commodity Futures Trading Commission (CFTC) Securities and Exchange Commission (SEC) Financial Crimes Enforcement Network (FinCEN) Internal Revenue Service (IRS) The CFTC sees crypto assets as commodities, though the IRS shares a similar view in calling them property. The FinCen, which is run by the Treasury Department, regulates them with the same rules as fiat currency, but the SEC sees them much differently as securities. Professor Goforth expressed her skepticism that the regulatory entities would work together anytime soon, leading her to encourage the coordination between them for a more nuanced approach. As she puts it, her version of the rules would force the federal government to deal with each cryptocurrency as it is introduced, specifically identifying them by their functionality and the motivations of users. This is a path that at least one instance shows is happening within the federal regulators. The CFTC publicly requested details on the functionality of Ether and the Ethereum Network on December 11th. The document has 25 different questions that deal with the platforms purpose, functionality, scalability, and more. However, the effort to address a single asset by the CFTC isn’t necessarily a sign that the industry is turning towards the idea that the professor had in mind. None of the other regulators have taking this move and are holding on to the regulatory measures that they already have in line. Still, there’s always a chance that congressional legislators will make some changes in their framework. Darren Soto and Ted Budd, who are both US Representatives, brought in two bills on December 6th that will help with the improvement of regulatory framework and reduce the risk of price manipulation. These bills are called the Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018, respectively. These two bills offer specific regulatory changes that could be made for the process to be smoother for exchanges, users, and everyone else involved. The first bill discusses that many situations that can arise in the market for price manipulation. The other requests an in-depth study that aims to improve the “burdensome regulations that may inhibit innovation.” Warren Davidson, the representative of Ohio, spoke at a conference in Cleveland where he noted his intent to bring in a new bill that would create a new asset class for tokens. As such, the regulation of initial coin offerings (ICOs) would become significantly less difficult. A week later, Davidson suggested a crowdfunding event to help with the creation of the US-Mexico border wall, which would include the use of blockchain and “wall coins.” Even though there appears to be a significant lack of clear regulations regarding cryptocurrency, blockchain technology is already being applied to daily operations. The use of this ledger with supply chain logistics is easily its biggest application, and federal authorities are looking to use it for food safety as well, especially considering the recent E. coli outbreak. The Department of Homeland Security announced their intention to use the technology as a way to protect their own activities. Their three subsidiaries are working together for a clear record of documentation that will help with fraud, counterfeiting, and forgery. The defense authorities for the federal government recently established an app that would help the members of the armed forced to learn how to use blockchain technology for the supply chain as well.
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Bitcoin Supporter Says Crypto is Unconfiscatable as Long as It’s Not in Regulated Exchanges

Bitcoin has many different features, but one of the most important is the fact that users are the real owners of their funds as long as they keep their private keys. However, when users have their funds stored in exchanges, Bitcoin can be confiscated. During a Q&A session during a Tampa Meetup, he said that Bitcoin being non confiscatable applies to exchanges that are not regulated. In general, centralized virtual currency exchanges are not a safe place where to store funds. The company behind the exchange is able to manage the funds as it considers, block some accounts and even experience security issues. If Bitcoin wants to remain non confiscatable, the best what a person can do is to store them in cold storage wallets. No one is able to move the funds from there unless they have the private keys. At the same time, he said that Bitcoin does not have just a single price because there are different markets listing it. He compared the price of Bitcoin (BTC) with Apple stock explaining that Apple’s stock price is determined by supply and demand in just one place. He has also talked about Bitcoin ETF and the fact that to have a stable price of Bitcoin everything needs to sit in one place. He went on saying that having all the BTC in one place is a risk even when it creates a more stable market. For example, he emphasized the fact that if all the BTC are located in just one exchange, hackers might focus only on it. Furthermore, the US government would also have the possibility to confiscate the BTC that users own or trade them. There are several crypto platforms that are regulated, including exchanges such as Coinbase or Gemini. Governments would be able to confiscate the funds that users have on these exchanges, thus deleting one of Bitcoin’s main characteristics. Moreover, he said that Bitcoin being under the control of governments is not positive for the space. A lot of people would completely lose the faith in the popular virtual currency. This is exactly what Satoshi Nakamoto was trying to avoid when it created Bitcoin.
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Hong Kong Businessmen Targeted by Bitcoin Bomb Threats After Recent USA and Canada Attempts

There have been many different ways to steal funds from individuals in the cryptocurrency market. However, a new methodology has been applied in Hong Kong and other countries such as the United States. According to a recent report released by the South China Morning Post, businessmen in Hong Kong are being targeted by criminals that want to steal Bitcoin from them. These scammers try to steal Bitcoins from victims by threatening them that they will receive a bomb if they don’t send Bitcoins in the time span the scammers provide. One of the affected individuals is Michael Gazeley, the CEO of Network Box. He received a message in his business email with this Bitcoin bomb threat. Furthermore, he said that he had to pay $20,000 if he wanted to avoid receiving a bomb in his office. Gazeley said to the news outlet: “This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.” Nevertheless, he was 99.99% sure that the message was not worth. Indeed, he mentioned that the email had some typo mistakes and the grammar used was not exactly good. That shows that the main intention is to take a few bucks from some individuals rather than really bombing an office. Hong Kong authorities did not provide further information about this issue, thus it is not possible to know the exact number of companies affected by these threats. This is not the first time that there are Bitcoin bomb threats around the world. A few days ago, as reported by NBC New York. Hoax bomb threats spread asking users to pay in Bitcoin. The New York Police Department (NYPD) informed on Twitter that there was an email circulating that contained a threat asking for a Bitcoin payment. However, they say that they did not find any devices in some of the places where the threat arrived. Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found. pic.twitter.com/7omOs13Z7Q — NYPD NEWS (@NYPDnews) December 13, 2018 The NYPD went on explaining that the threats are meant to cause disruption and/or obtain money in a fast way. Although the police will be responding to the calls made by the community, they believe that the threats are likely ‘not credible.’ This is not the first time that there are scammers trying to steal Bitcoin and other virtual currencies from users. Earlier this year, scammers on Twitter were asking for Bitcoin and ETH deposits using fake accounts that stole famous people’s identities.
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