Major Cryptocurrency exchange Binance has frozen tokens sent to its wallet by the entity who allegedly hacked New Zealand exchange Cryptopia, CEO Changpeng Zhao reported in a tweet Jan. 16. Cryptopia, which is currently shut down as police investigate the hack, lost at least $3.6 million in cryptocurrency, sources reported. While the total amount seized remains unconfirmed, social media users alerted Binance to suspicious transactions from addresses known to be related to the Cryptopia theft. Zhao subsequently said staff had been quarantining the tokens, which appeared to arrive in several batches: 31,320 Metal (MTL) worth $7,830 to press time, and …

Changpeng Zhao called 2018 a “correction year” for cryptocurrencies while expressing optimism for the future of the crypto industry during a Bloomberg interview published on Dec. 19. Zhao spoke in reference to the bear market plaguing traders this year, which took a turn for the worse in mid-November, when markets crashed even further. Zhao, the CEO and co-founder of major cryptocurrency exchange Binance, said that “it’s a correction year.” He noted that, while “price is a very strong attraction” for speculators, the industry will grow thanks to builders who make applications and “real use cases” that drive the further adoption …

The rise of blockchain technology and cryptocurrencies have made many people rich, but the world’s smartest entrepreneurs in the space are beginning to make waves among the world’s richest conventional business minds. The Hurun Research Institute released its annual China Rich List on October 10. Included in this list of 1,893 individuals are 14 people who have made their fortune from cryptocurrency and blockchain related business ventures. According to the Hurun list, the 14 new names on the list from the blockchain space make the industry the fastest growing in terms of representatives from one specific industry. Bitmain dominate It …

Binance, the largest global crypto exchange, will soon start private beta testing a crypto-fiat exchange in Singapore, as Binance co-founder and CEO Changpeng Zhao (CZ) tweeted on September 15. As Changpeng Zhao revealed, the testing will be launched on September 18: “I just slipped that we will begin #Binance Singapore fiat exchange live money closed beta testing on Sept 18th, in 3 days. Invitation only first. Exciting!” According to Finance Magnates, prior to posting the news on Twitter, CZ first revealed the plans to launch the fiat exchange while speaking at a recent blockchain event led by crypto assets-specializing firm …

Major crypto exchange Binance has made its first public acquisition, having bought Trust Wallet, according to an announcement July 31. Launched in 2017, U.S.-based Trust Wallet is an open source, anonymous, and decentralized wallet that supports Ethereum (ETH) and over 20,000 different Ethereum-based tokens (ERC20, ERC223, and ERC721). While the details of the deal are not disclosed, Binance told TechCrunch that it paid in a mixture of fiat money, Binance stocks, and its own BNB token. Trust Wallet will remain autonomous in most of its operations, while Binance will help with administration and work on marketing development. Binance CEO Changpeng …

Cryptocurrency exchange Binance “expects” profits to reach $1 bln in 2018, CEO Changpeng Zhao told Bloomberg in an interview today, July 6. Speaking as his platform recovers from a week of technical difficulties which saw trading temporarily suspended, Zhao revealed figures that defied the idea crypto exchanges’ success depends on market prices. Despite Bitcoin (BTC) trailing below $7,000 for almost the past month, Binance’s first-half revenue came out to be around $300 mln, Zhao told reporters. Binance, which regularly tops the leaderboard for the world’s largest daily crypto trading volumes, is currently in the number one spot with about $1.2 …

Top Stories This Week Fundstrat’s Tom Lee Points To Bitcoin Futures As Reason For Price Declines Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts. According to Lee, Bitcoin’s price usually drops around 10 days before the expiration of the futures contract, but then rises again about 6 days after it expires. German Government Doesn’t Think Bitcoin Threatens Financial Stability Officials from Germany’s federal government do not believe that Bitcoin poses a threat to the existing financial structure, as the volume …

In less than a year since its inception, cryptocurrency exchange Binance has become the biggest exchange by volume in the world. In an industry driven by the brightest minds, competition is fierce as the world begins to warm to the existence of cryptocurrencies. Newcomers to the industry face an uphill battle playing catch-up to established exchanges with loyal user bases. This is what makes Binance’s emphatic rise in popularity so astounding, given the short amount of time in which it has overtaken its competitors. At the helm of this exchange is a man who has gleaned knowledge from previous experiences …

Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta-based exchange, a Binance representative told Cointelegraph today, June 11. Binance is currently the second largest cryptocurrency exchange by 24-hour trading volume, seeing about $1.5 bln in trades on the day to press time. While Bloomberg reported today that Binance will “soon allow customers to convert digital tokens into fiat currencies”, a Binance representative clarified to Cointelegraph that “Binance.com is a pure crypto-to-crypto exchange.” They confirmed that crypto-fiat trading will only be offered through a separate local exchange the company is opening in Malta. Binance Malta …