Bitcoin Breakout Hopes, Telegram Trial, Binance Donation: Hodler’s Digest, Jan. 6–12

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin on the verge of breaking seven-month downtrend It’s been another tumultuous week for the world’s biggest cryptocurrency, which is on the verge of breaking out of a long-running downtrend. Although BTC rallied to $8,400 a few days ago — which is the next resistance…

Binance Coin (BNB) Price Bound To Surge Unless This Support Gives Way

Binance coin price started a downside correction from well above $15.00 against the USDT. BNB price is now approaching a strong buy zone, which is likely to stage another rally. Binance coin price is trading below the $15.00 and $14.80 pivot levels against the USDT. Bitcoin started a major downside correction and declined below $8,000. There is an ascending channel forming with support near $14.00 on the 4-hours chart of the BNB/USDT pair (data source from Binance). The price is likely to start another rally unless there is a close…

Changpeng Zhao Makes Super Bullish Case for Binance Coin

Those who missed the 2019’s Binance Coin (BNB) price rally can still stage profits off the cryptocurrency in 2020, hints its supreme backer Changpeng Zhao. The Binance exchange CEO theorized a potential positive correlation between BNB and its top rival Bitcoin. He noted that the current upside sentiment in the bitcoin market could increase the number of trades on Binance. And traders use BNB to pay for trading fees, it would overall boost the coin’s demand. What happens when $btc goes up? More trading volume. What happens when there is…

Binance Charity Launches Relief Effort for Australian Bushfires

To address the after-effects of the bushfires in Australia, the Binance Charity Foundation (BCF) is donating $1 million worth of BNB tokens to the Australia Bushfire Donations project. In a Jan. 7 blog post, BCF — the philanthropic arm of major cryptocurrency exchange Binance — announced the launch of a new charity project dubbed Australia Bushfire Donations, to which BCF is donating $1 million worth of Binance’s native Binance Coins (BNB). The funds raised within the project will be used to help relieve the devastating impact of fires across the…

Kraken Lists USDC the Day After Binance Drops It

Kraken has listed the USD Coin, which it described as the “world’s fastest-growing stablecoin,” the day after rival Binance removed it from its platform because of low trading volume. Kraken said deposits and trading would go live Wednesday for USDC trading pairs with bitcoin, ether and tether, as well as the U.S. dollar and euro. The exchange added the stablecoin enjoyed “unparalleled” support from more than 100 companies and 60 exchanges in the crypto industry. “In December, USDC became the second stablecoin to ever have its market cap cross $500…

Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht

Major cryptocurrency exchange Binance added support for Australian dollars (AUD) and Thai baht. Binance announced support for the national currencies in separate releases on Jan. 7. Thai digital asset exchange Satang Corporation will process Thai baht transfers, while Australian dollar transfers will be facilitated by Banxa, a company specialized in internationally compliant fiat-to-crypto gateways.  Satang’s fiat processing service is integrated into Binance’s trading platform by means of a recently launched application programming interface that allows users to deposit and withdraw baht directly to their accounts. Satang CEO and co-founder Poramin…

Binance Adds Near-Instant UK Pound Payments in Latest Fiat Expansion

Malta-based cryptocurrency exchange Binance has added a flurry of new fiat funding options since New Year, including Faster Payments for U.K. pounds-bearing customers. The company announced Wednesday that the addition comes via a new partnership with fiat-to-crypto payments provider Banxa, which also allows the firm to offer Australian dollar and euro purchases directly from Binance’s website. The firm notes that the euro option is available in “selected European countries” initially. The announcement comes just a day after the exchange said it was supporting deposits in Thai baht via a partnership…

Cost to Develop Bitcoin Exchange like Binance

Binance is among one of the best cryptocurrency exchange platforms, it is introduced by the Chinese based company in 2017. According to the sources, it has been launched by the experts. Presently, It is run by the CEO Changpeng Zhao. Mr. Zhao. He had worked with loomberg, as well as with Blockchain.info in the technological department and that’s the reason he has made the strong team of product development. They had pitched their own ICO and introduced their own exchange trading system. At the moment, the ICO has almost finished…

Binance Debuts Euro Pairs as CZ Says 180 Fiat Currencies Set for 2020

Cryptocurrency exchange Binance has confirmed it will offer euro (EUR) trading against six cryptocurrencies in the platform’s latest fiat expansion. In a blog post on Jan. 3, Binance confirmed trading for EUR pairs would begin at 8am the same day. Users will be able to trade EUR against Bitcoin (BTC), Ether (ETH), XRP and Binance Coin (BNB). Binance will also support trading against two stablecoins: Tether (USDT) and its own U.S. dollar-backed token, Binance USD (BUSD). Euro not just for Binance Jersey The move follows on from the addition of…

Binance to Support Upgraded Ethereum Network Muir Glacier

When it comes to the crypto space, it should be noted that much of the progress that has been seen is primarily due to the existence of crypto exchanges, and perhaps the most influential among those is Binance. In a new development, the exchange has announced that Ethereum withdrawals and deposits are going to be suspended in order to complete an upgrade on the ETH network. Key Details The Ethereum network recently announced that there is going to be a Muir Glacier upgrade, and owing to that, Binance will update…