Binance Launches Mining Pool, Focusing First on Bitcoin (BTC) 15
In brief: Binance has launched a new Mining Pool service.  The mining pool will support Proof of Work and Proof of Stake blockchain protocols. However, its first focus will be Bitcoin (BTC).  The crypto exchange of Binance continues on its mission of building and providing its loyal users with superior...
Binance Smart Chain is Designed to be Compatible with Ethereum 18
In summary: Binance has launched the Testnet version of its Smart contract blockchain.  Dubbed Binance Smart Chain, it will run parallel to the Binance Chain. Additionally, it will be compatible with the Ethereum Virtual Machine (EVM).  The founder and CEO of Binance, Changpeng Zhao, has informed the crypto community via...
Bitcoin Derivatives Exchanges to Have a Separate Page on Coinmarketcap 20
In brief:  Early this month, Coinmarketcap changed the algorithm used to rank crypto exchanges.  The changes saw Bitmex, ByBit, and Deribit ranked 175th, 177th, and 179th respectively.  The team at Coinmarketcap has explained that a separate page for derivative platforms will be added soon. There is no doubt that the...
Binance to Support Staking of Zilliqa (ZIL) Later this Month 21
Quick take: Binance has been confirmed as the second major crypto exchange to support the staking of ZIL.  The exchange will support the feature later this month.  Staking on KuCoin will commence on the 18th of June.  Zilliqa is now available on the Bitbns exchange.  Staking on the Zilliqa mainnet...
Binance Delists StableUSD, USDS Balances to be Swapped with BUSD 23
In brief: Crypto traders on Binance received a quick announcement of the delisting of Stable USD (USDS). The delisting was to be effective June 24th at 7 am (UTC). Deposits and withdrawals of USDS are now suspended. Users’ balances of USDS on the exchange will be converted to Binance USD...
Binance Spot Market is Now 10x Faster After Largest Upgrade 24
In summary: Earlier today, the engineering team at Binance successfully completed an upgrade of the trading platform.  Binance CEO, CZ, explained that this was the largest upgrade to date.  The team switched the matching engine to a new programming language that would make the platform 10x faster. The changes were...
Huobi, Binance & Bitmex Top the BTC Derivatives Market Rankings on CMC 25
In summary: Coinmarketcap has followed through on its promise to rank Bitcoin derivatives markets on a separate page. Huobi, Binance and Bitmex are in the top 3 positions respectively. ByBit and OKEx come in fourth and fifth. The 24-hour volume of the Bitcoin derivatives markets indicate that leveraged trading is...
Binance CEO: We Build What Users Tell Us to Build 28
Quick take: At only 3 years old, the achievements of Binance are second to none in the crypto-verse. The exchange will be celebrating its 3 year anniversary by hosting a 10-hour long live conference on the 14th of July. Binance CEO, Changepeng Zhao, has explained that their success is hinged...