eToro CEO, Binance Exec Join Justin Sun’s $4.5 Million Buffett Lunch

The highly anticipated crypto power lunch between Warren Buffett and Justin Sun is growing and will now include two new members who promise to enrich the conversation between the two businessmen. eToro CEO Yoni Assia is one of them. Assia has been straightforward and actually pushed for an invitation instead of waiting for it. Would love to join as well ! I believe there is huge potential for social impact that can be done via #Crypto and would love to have @WarrenBuffett engaged with us ! https://t.co/n8G6ecm9vb — Yoni Assia…

Binance Jersey Lists Exchange’s New UK Pound-Backed Stablecoin

The Jersey arm of Binance has listed the cryptocurrency exchange’s own British pound-backed stablecoin. Binance announced Friday that Binance GBP (BGBP) is being offered on the fiat-to-crypto platform due to trader demand for more stablecoin options. “There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin, and listing BGBP is in response to it,” said Binance CFO Wei Zhou. Binance Jersey launched back in January to offer trading in bitcoin and ethereum against the British pound and the euro. Jersey is a a British self-governing dependency.…

Binance Jersey Lists Exchange’s Own GBP-Backed Stablecoin

Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, according to a press release shared with Cointelegraph on July 19. ‘Overwhelming demand’ for stablecoin diversification Listing of the Binance GBP Stablecoin (BGBP) confirms earlier indications that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed by the British pound. Binance Chief Financial Officer Wei Zhou has given an official statement, in which he noted that: “There has been an overwhelming demand in the market and Binance community for…

Binance Unknowingly Earns Staking Rewards of Stellar, Adds Support

Major cryptocurrency exchange Binance has earned staking rewards on Stellar (XLM) following a change of some parameters on cold and hot wallets. In a blog post published on July 18, Binance said that it unknowingly earned staking rewards of 9,500,000 XLM ($775,000 at press time) in extra XLM tokens in the wake of specific parameter changes on cold and hot wallets made a year ago. The exchange subsequently decided both to immediately add staking support for XLM and to share the gained XLM rewards with the entire community. The post…

Binance Wants to Open a New Local Exchange in South Korea: Report

Binance, the world’s largest crypto exchange by daily trading volume to date, is reportedly planning to set up a branch in South Korea. Malta-based crypto exchange Binance is working with local partners in South Korea to launch a new exchange in the country, Binance CEO Changpeng Zhao (CZ) revealed, according to a report by crypto media outlet Block In Press on July 16. CZ reportedly said that the company does not know the details of the establishment of the new office in South Korea. However, a global representative of Binance…

Binance Eyes Launch of Crypto Exchange in South Korea

Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report by CoinDesk Korea, a business entity dubbed Binance LLC has been established in the country, with the director listed as Jiho Kang of BXB Inc., a firm offering a Korean won-backed stablecoin. A Binance representative reportedly told Block…

Binance Chain Announces Galileo, the Latest Version of Its Mainnet

The blockchain launched by cryptocurrency exchange Binance, Binance Chain, has completed an upgrade to its mainnet. The latest iteration is called Galileo — v.0.6.0 — as announced by Binance on July 15. According to the announcement, there are four major changes implemented in Galileo: the matching engine has been revised with “Taker” and “Maker” matching logic, trading pairs on Binances decentralized exchange, Binance DEX, can be delisted, Binance Chain token assets can now be time-locked and state sync options have been enhanced. For Binance DEX, validators can now reportedly make…

CZ Binance: Retail Investors are Steering The Crypto Price Rally

Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, thinks Binance CEO ChangPeng Zhao. He states that this growth is partly due to increased margin trading availability. This year’s crypto rally is most certainly proponed by the arrival of big institutions and tech companies as are Facebook, JPMorgan or Amazon. However, Changpeng Zhao, the CEO of Binance, the world’s largest online exchange thinks that individual investors are still playing a key role in driving the dramatic price booms. He said that institutions…

Binance Announces Burn of Team’s BNB Token Supply

Major cryptocurrency exchange Binance announced that it completed the eighth Binance Coin (BNB) token burn and that it intends to also burn the tokens allocated to its team in an announcement published on July 11. Per the announcement, 808,888 BNB (equivalent to over $23.7 million at press time) of the Binance’s team allocation have been burned in the event. The exchange notes that the burn is part of the firm’s commitment to burn a total of 100 million BNB tokens and that the team’s supply equates to 40% of the…

Trying the Hardware Wallet Backed by Binance Labs

SafePal S1 Review: Inside the Crypto Hardware Wallet Backed by Binance Labs July 14, 2019 by William Peaster Some in the cryptoeconomy have argued QR code functionality is the best way to undertake airgapping in a cryptocurrency hardware wallet. The Binance Labs-backed SafePal team has put that argument into action with their new S1 wallet. Let’s see how the device stacks up against the competition. Also read: Donald Trump Is ‘Not a Fan of Bitcoin’ … or Facebook’s Libra Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts…