Binance Research: Facebook’s Libra Could Spark Additional Cryptocurrency Volume

Binance Research, the research arm of major cryptocurrency exchange Binance, claims that Facebook’s Libra stablecoin could spark additional cryptocurrency volume in a post published on its blog on June 18. In the announcement concerning the release of the full report, Binance Research claims: “Libra could spark additional cryptocurrency volume due to increased accessibility from both…

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Binance to Block All U.S. Users, Launch Regulation-Compliant Spinoff Site

Binance has announced that it will deny all cryptocurrency exchange services to users in the United States in the near future. On June 14, 2019, Binance’s official website posted an announcement claiming that “some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use.” Furthermore, after…

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Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher. Binance US Launch Could Trigger Brutal Altcoin…

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Benchmark Rankings Launched to Combat Faked Cryptocurrency Exchange Data

CryptoCompare, an English cryptocurrency data analysis firm, has launched a unique exchange benchmark product which would help provide safeguards against false exchange volume reports. On June 12, 2019, the firm revealed that its new product was developed as a means of stemming widespread concerns that numerous crypto exchanges around the world have been inflating their…

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Vast Majority of DApps for Finance Built on Ethereum Blockchain

Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6. Number of DApps per blockchain, courtesy of Binance Research According to the report, DeFi can be thought of as the following: “An ecosystem comprised of applications built on decentralized networks, permissionless blockchains,…

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