Binance CEO Changpeng Zhao shared his secrets of success and identified four factors for the effective expansion of cryptocurrency exchanges around the world.
In an interview, Changpeng Zhao emphasized the need for "global thinking." There are many cryptocurrency platforms claiming to be international platforms. However, if we study their activities in more detail, it turns out that they are focused on one specific region, where most of the team is located.
According to the director of cryptocurrency exchange Binance, Changpeng Zhao, the platform plans to add support for all 180 fiat currencies of the World.
According to Zhao, Binance intends to provide customers with "direct access to the great liquidity" available on the exchange. This statement discloses the exchange's plans for cooperation with third-party services to add as many trading pairs with fiat currencies as possible.
Binance cryptocurrency exchange CEO Changpeng Zhao said a recent $ 1 billion cryptocurrency transaction shows bank failure.
Researchers at LongHash found that the highest volatility in cryptocurrency markets is at 1 am UTC. To conduct the study, analysts used data from the Coinbase exchange, calculating the number of daily peaks and lows in each hour and comparing with the indicators for the rest of the hours of the day.
A study of Binance, one of the largest cryptocurrency exchanges, showed that new institutional investors are coming into the industry, which may affect the rise in Bitcoin prices.
According to analysts, a significant number of new investors are entering the market, which have a large amount of funds.
Changpeng Zhao, the head of one of the largest cryptocurrency exchanges BINANCE, expressed the opinion that cryptocurrencies will become a shared future and urged everyone to accept digital assets.
"If you don't want to be left out in the future, you will have to embrace it," Zhao said at the 10th Asian Leadership Conference 2019 in South Korea.
After hacking of the Binance cryptocurrency exchange, which resulted in 7,000 BTC stolen, founder of Tron Justin San announced his intention to make a deposit on Binance in the amount of USD 40 million.
"To support Binance, I will personally deposit 7000 BTC worth USDT (40 million USDT) into Binance to buy BNB, BTC, TRX, & BTT if CZ agrees. No need to FUD! Funds are #SAFU," he wrote on Twitter.
One of the largest cryptocurrency exchanges, Binance, reported a burglary, as a result of which hackers were able to obtain some user data and withdraw 7,000 BTC from the hot wallet of the exchange.
The official report says that the attackers managed to get hold of a significant number of API-keys of users, as well as codes of two-factor authentication. Perhaps they were able to obtain other user data.
According to a study conducted by the Value Walk news website, 46.7% of users prefer to invest in Bitcoin, rather than other cryptocurrencies.
As part of the survey, respondents were asked a few questions. When answering the question "What is your favorite coin?" 46.7% chose Bitcoin, 31.4% - Ethereum, and 21% - Ripple.
Binance Exchange announced the possibility of buying multiple cryptocurrencies with credit cards through a mobile application on Android. The function is available after updating the application to version 1.5.8.0.
The possibility of buying cryptocurrency using plastic cards in a mobile application has become a continuation of the cryptocurrency exchange's cooperation with the payment startup Simplex. According to company representatives, currently BTC, ETH, XRP, LTC and BCHABC are available for purchase.
The founder of Ethereum, Vitalik Buterin, supported Bitcoin SV delisting occurring on several exchanges.
Vitalik replied to a Twitter user post with the nickname @Nic__Carter, who wrote:
"If fraud from the chief promoters is sufficient reason for a delisting from Binance... almost everything should be delisted"
The head of one of the largest cryptocurrency exchanges, Binance, Changpeng Zhao, expressed confidence that the largest online retailer Amazon eventually release its own cryptocurrency, which will be used to buy and sell goods.
In his tweet, Zhao noted that companies doing business on the Internet need to integrate cryptocurrency as a means of payment for their clients. He stressed that using cryptocurrency for payments is simpler and cheaper than traditional fiat money.
Yesterday, a BitTorrent Crowdsale (BTT) took place on the Binance Launchpad platform, which caused an unprecedented stir and ended in just 18 minutes. It was also the first large-scale ICO on the TRON platform.
The campaign was carried out in two stages: the first one lasted 13 minutes and 25 seconds, during which time 23.76 billion BTT were sold at a price of 0.00001824 BNB per unit; in the second stage, 35.64 billion BTT were sold at a price of 0.00447261 in 14 minutes 41 seconds. In just two of these sessions, 962 cryptoinvestors (340 in the BNB session and 622 in the TRON session) invested more than $ 7 million in the project.
Binance, one of the largest cryptocurrency exchanges, announced the launch of its own over-the-counter trading platform (OTC), intended for trading large volumes of cryptocurrencies.
Binance representatives stressed that the new platform will not support trade in fiat funds - transactions can only be made in cryptocurrencies.
One of the advantages of the site is the ability to use Binance accounts for calculations. At the same time, a list of more than 80 cryptocurrencies will be available for users to trade.
The popular cryptocurrency exchange Binance is trying to enable every inhabitant of the planet to buy new rapidly developing assets. The first such initiative — the launch of a crypto-fiat unit in Uganda last October — was not particularly successful and raised a number of questions, but the second was much more convincing.
This week, Binance introduced a new trading platform on the island of Jersey, through which residents of the European island will be able to buy Bitcoins for euros and pounds. The new site based on the infrastructure of Binance, but framed as a separate company.
Binance, the world's largest cryptocurrency exchange in terms of trading volume, launched a new exchange on the island of Jersey, a British self-governing dependency. On Wednesday, the company announced that thanks to the new exchange, users will be able to trade Bitcoin and Ethereum against the British pound and euro in Europe and the UK.
"Binance selected Jersey for its highly developed digital infrastructure, robust regulatory framework, and world-class financial services sector," said Wei Zhou, chief financial officer of the exchange.
Coinbase and Kraken, the largest cryptocurrency exchanges in the United States, have joined the ranks of platforms that have confirmed the support of hardwood for Ethereum Constantinople, which will be implemented this week.
Two major exchanges joined Binance, Huobi and OKEx, which previously expressed their support for the upcoming update, and promise to monitor the hardforks, which will be carried out at block 7,080,000. This will probably happen on the night of January 16-17.
Co-founder and managing partner of the Multicoin Capital cryptocurrency fund, Kyle Samani, shared his opinion on important trends in the field of cryptoassets for the coming year.
Samani noted that he is closely watching the popular Binance Cryptocurrency Exchange and its development of a new decentralized platform, the launch of which can change the digital industry. He expects that the status of this exchange will allow it to attract a large number of users to an alternative solution, while Binance competitors, who are also developing such platforms, are unlikely to succeed.