Binance has updated its white paper recently. The crypto exchange reportedly updated the section of its white paper dedicated to quarterly manipulations with its native token binance coin (BNB). Binance Changed the “Repurchasing plan” Section to “The Burn” Section In the older version, the section of the white paper labelled “Repurchasing plan” stated that “Binance […]

Binance has quietly updated its white paper, rewording the description of quarterly manipulations with BNB from “repurchasing” to “burn”

Bitcoin hit the headlines in Russia again this week after it emerged the country’s law enforcement had tried to extract a bitcoin bribe worth $1 million. FSB Illegally Sought $1.02 Million As local cryptocurrency news media outlet Coinspot.io reported April 17, a scandal involving Russia’s secret police and the ex-head of one of the country’s biggest newspapers has boiled over, with both parties now finding themselves under arrest. According to an ongoing court case, up

Mithril has become the purported first independent company to shift to the Binance Chain, with MITH token migrating from ERC-20 to BEP2

American crypto exchange Poloniex supports Tether’s stablecoin USDT on the Tron network

After losing its major upwards momentum roughly ten days ago when Bitcoin failed to break above $5,400, BTC has been able to hold steady above $5,000 and has tepidly clawed its way upwards towards $5,300. Now, one analyst believes that Bitcoin will incur just enough buying pressure to propel its price up towards $5,800, at...

By CCN: John McAfee continues to trumpet a bitcoin price that will hit $1 million by the end of the decade. He isn’t even afraid of betting his manhood on the same. Nonetheless, crypto bears keep coming back to spoil the party. One such doubter is UBS analyst Kevin Dennean. UBS Analyst: Bitcoin Price Faces a Long Road to Recovery According to Forbes, Dennean recently wrote: “We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to

FPT Corporation and SBI Holdings Inc invest $3 million in blockchain startup Utop designed for loyalty point programs

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23 million. 90 Percent Value Plunged Probably Due to 2018 Bear Market According to Chinese crypto media outlet 8BTC, Huatie HengAn, a subsidiary of Huatie has been sold for $2 million. Reports indicate that the company’s value plunged by about 90 percent from an initial valuation of

By CCN: Russian operatives did play a role in the 2016 U.S elections. The thing is it had nothing to do with the Donald Trump White House, according to the Mueller report, Rather, the report details the extent to which Russian spies infiltrated the American social media landscape — Facebook and Twitter in particular. Before Facebook identified and removed the propaganda accounts in 2017, the damage was already done. The pages had garnered close to 1 million followers and posts were viewed by anywhere between 29 million and 126 million Americans. Mueller Report: Russians Play Both Sides of Political Spectrum

Bitcoin [BTC], the largest cryptocurrency by market cap, has been on a roller coaster ride since December 2017. The cryptocurrency space witnessed the coin hit a valuation of around $20,000 and also saw it fall from that point to the $3000 level, crushing the sentiment of several investors in the space. Nevertheless, the coin has […]

By CCN: Bitcoin Unlimited’s Chief Scientist Peter Rizun finally made it onto the What Bitcoin Did podcast, after initially having his interview canceled amid pressure from Bitcoin Maximalists who don’t want to hear his opinions on Lightning Network. Bitcoin Unlimited Dev: Ignore Craig Wright and He’ll Go Away Rizun discussed a range of issues, primarily Lightning. He also spoke to the problem of Craig Wright, who is currently suing podcast host Peter McCormack. Rizun says the best way to deal with Craig Wright is to ignore him and he’ll go away. Continuing to discuss Wright’s exploits by publishing articles such

Adamant Capital’s recent research has revealed that the crypto bear market its final stage, the accumulation phase

It’s no secret that over the past several decades politics in the United States have become increasingly about appealing to voter blocks, and regardless of whether or not this is good or bad, this trend may ultimately prove to be beneficial for the crypto industry. Because the number of cryptocurrency investors in the United States...

By CCN: Sears is in a downward spiral and it’s trying to take down as many others as possible, too, including a top advisor to President Trump. The retailer, which is currently in bankruptcy protection, has filed a lawsuit against its former CEO Eddie Lampert, his hedge fund ESL Investments, Treasury Secretary Steven Mnuchin, and others. Sears filed for Chapter 11 bankruptcy protection six months ago. Mnuchin was on the Sears board of directors for more than a decade but resigned when he became Treasury Secretary. He has reportedly poured $26 million into Lampert’s hedge fund. The complaint alleges that

By CCN: The Zoom IPO was a resounding success, as the videoconferencing giant’s stock soared 72% after its stock market debut. But investors in a different company called ZOOM Technologies raked in much more moolah in what seems like a classic case of mistaken identity. You Wish You’d Invested in the Wrong Zoom Stock A month ago, shares of  ZOOM Technologies (whose ticker is “ZOOM”) were trading at $0.005 – far less than even their “penny stock” designation. They closed at $2.70 a share on April 18, a massive jump of 53,900% as the euphoria from the Zoom IPO spilled

Bitcoin SV network is struggling with its large block size following a series of block re-organizations

The San Francisco-based arm of leading cryptocurrency exchange Huobi Global has added three XRP trading pairs to its platform, allowing US users to trade XRP against the US dollar, Tether and Bitcoin. The event coincidences with its XRP giveaway as it celebrates $100 billion in trading volume. According to Huobi’s announcement on Wednesday, “Starting now, […]

By CCN: The bitcoin bear market might be over, but it hasn’t finished claiming victims. Coinnest — South Korea’s fifth-largest crypto exchange — shut down this week. Users have until April 30 to withdraw any remaining funds. The closure comes months after a series of scandals roiled the crypto platform. In a notice to users on its website, Coinnest did not explain why it was shuttering, but thanked customers for their encouragement and patronage. Bribery and $5 Million Accidental Bitcoin Airdrop As CCN reported, Coinnest has suffered a series of embarrassing, self-destructive scandals over the past year. In April 2018,

Bitcoin is moving up at a snail’s pace. Where are major coins heading in the short term? Let’s find out

The story of what Binance CEO Changpeng Zhao has been able to accomplish a little under two years has been nothing short of incredible. Having launched in July of 2017 amidst stiff competition from well-established rivals and a feverishly bullish market driven by Bitcoin hype, rather than pose a challenge for Zhao, the combination was...

By CCN: The Dow Jones Industrial Average is on the verge of setting a new all-time high, and soaring fund inflows could push the stock market bellwether over the finish line. Dow Poised to Jump Above All-Time High at 26,828.39 At present, the Dow sits at 26,559.54, less than 300 points below the record 26,828.39 mark it closed at on October 3, 2018. The U.S. economy is in an ideal position to grow with the unemployment rate at a 50-year low and the financial sector recovering from last year’s struggle. According to reports, equities-focused funds are showing an appetite for

The number of illegal activities in the world of digital assets has always kept law enforcement agencies on their toes. New reports revealed that the Financial Crime Enforcement Network [FinCEN] of the United States has penalized Eric Powers, a peer to peer Bitcoin [BTC] trader for violating the Bank Secrecy Act and its sub-clauses, including, […]

About 3% of American retirees claimed to own some bitcoin, while about 33% said they did not even know about it, according to a new survey by Gold IRA Guide

By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile. Stablecoin Tether (USDT) has been an exception to this rule after it lost parity with the U.S. dollar last year amid questions about its reserves. Make no mistake, however, stablecoins, most of which are pegged 1:1 to fiat currencies such as the U.S. dollar, are a vital part of the crypto ecosystem, one that will help to unlock the institutional capital that has been trapped on the sidelines

By CCN: Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever seen. Facebook & Telegram Could Fuel Rabid Crypto Expansion With the on-boarding of two of the largest networks in the world – Facebook and Telegram – the crypto economy is likely to grow a great deal in the coming few years. Regardless of whether these platforms are integrating Bitcoin directly, all cryptos will be in higher demand as a

The latest analysis from Adamant Capital says a new Bitcoin bull run will bring BTC’s market cap into the trillions. According to the analysis, whales are accumulating BTC, and the leading crypto asset’s price history shows unique parallels to the 2014-2015 bear market, which preceded Bitcoin’s eventual rise to nearly $20,000. “We pride ourselves in […]

The cryptocurrency market has been pitching Ethereum [ETH] against XRP constantly, as the two rest at the second and the third positions on CoinMarketCap list, respectively. Vitalik Buterin, Ethereum’s co-founder on a Twitter thread spoke about his plan of interning at Ripple way back in 2013. Vitalik’s tweet was a response to Brian Armstrong’s, CEO […]