This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat

Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world. This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elrond CEO, Beniamin Mincu, told Cointelegraph that Binance’s IEO process was very tough. He explained though that through perseverance, the project was able to raise the necessary funds, and receive significant exposure. Ethereum 2.0 — ahead of schedule Elrond’s technological stack reads very similar to what has been anticipated for Ethereum (ETH) 2.0 — sharding,…

Binance Security Report Sheds Light On Crypto Scams

A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of fraudulent investment schemes promising quick or exponential returns on cryptocurrency investments. The frauds do not just concern crypto but also forex, binary options and contracts for difference (CFDs). Binance published the report after a Bitcoin (BTC) scam targeted the residents of Winnipeg, Canada, in late June. Scams are often well-organized, big operations…

Brave Comes Under Fire for Binance Affiliate Link Autofill

Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the situation gained traction on crypto Twitter. “Brave default autocompletes verbatim Binance.us in the address bar to add an affiliate code. We are…

Poloniex Lists Binance Coin Following Tensions Over Steem

Poloniex, a veteran exchange that was recently purchased by a consortium including Tron founder Justin Sun, has launched Binance Coin (BNB) and Binance USD (BUSD) pairings. As of June 6, BNB and BUSD wallets are now live on the exchange, with markets for the corresponding pairings slated to launch in post-only mode to ensure stability before full trading functionality rolls out. Binance tokens listed on Poloniex The listings bring support for six new pairings, with Binance Coin now tradeable against Bitcoin (BTC), Tether (USDT), and Tron (TRX) in addition to…

CoinMarketCap Introduces Another Algorithm Update, Binance Remains in Top Spot

Top crypto data aggregator CoinMarketCap (CMC) has introduced yet another algorithm update following its acquisition deal with Binance, according to a CMC blog post published yesterday.  The data provider, which was purchased for an unspecified sum by Binance in early April, has started adjusting its ranking system soon after the deal took place. As a result, Binance has come on top of its exchange ranking, drawing criticism from the community and other trading platforms.  Latest update brings more metrics to exchange rankings In its latest update, CMC implemented a new…

Binance Korea to Integrate Coinfirm Real-Time AML Monitoring

Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on Monday, will help Binance’s Korea branch remain compliant with Anti-Money Laundering egulations resulting from the Financial Action Task Force’s Travel Rule. Coinfirm provides a blockchain-agnostic AML platform offered to various institutions dealing with cryptocurrencies. Their previous clients include European banks, blockchain projects such as XRP and RSK, custodians such as Xapo and the government of Gibraltar. As Cointelegraph previously reported, Binance already integrated Coinfirm’s solution on its main…

Binance Futures Traders Long BTC and Altcoins, Even as Bitcoin Price Falls

The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the price of BTC. According to Binance, the current futures positions over the past 24-hours are: Binance Futures. Source: Twitter The data indicates the majority of traders on Binance Futures are still convinced Bitcoin could see a resumption of uptrend in the short to medium-term. Reason why traders are bullish on Bitcoin’s short-term price…

Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot

For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue. One of the most remarkable crypto companies operating today is Binance. In only three short years, Binance has enjoyed a meteoric rise to the top. Criticism of Binance, philosophical or otherwise, can’t fail to take into account the impressive stream of innovation the firm seems to channel. Headed…

Binance and Eosfinex Join Equilibrium’s Decentralized Governance

Binance and eosfinex are participating in Equilibrium’s efforts to help bring enhanced decentralization to the DeFi project’s governance processes. Equilibrium is the interoperable DeFi hub best known for its USD-pegged EOSDT stablecoin, built on EOSIO. EOSDT enters into circulation when users pledge digital assets like EOS and Bitcoin as collateral, making EOSDT a decentralized stablecoin. The governance framework that drives the updates to this underlying technology is now also decentralized, depending on multiple entities working together. Binance is the newest, biggest name on this list, joining an EOS-based decentralized exchange…

Binance and Eosfinex Join EOS DeFi Protocol to Handle Smart Contract Upgrades

Equilibrium, an EOS-based decentralized finance, or DeFi, project similar to MakerDAO (MKR), is adding four block producers to its governance system, most notably Binance. Other members include Eosfinex, an EOS decentralized exchange affiliated with Bitfinex, as well as stand alone block producers EOS Nation and EOS Cannon. The group of four will act as “governance supervisors” for the system. Their primary purpose is to sign off on smart contract upgrades for Equilibrium. As Alex Melikhov, the CEO of Equilibrium, told Cointelegraph, this leverages a distinctive EOS feature: “One of the…