Bitcoin Price Jumps Above $8,700 following Binance US Closure

Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market. The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of the cryptocurrency market indicated a capital flight. Traders suggestively exchanged a bulk of altcoins for bitcoin as a safety measure against the latest Binance announcement. The Malta-based cryptocurrency exchange, which accounted for the highest global cryptocurrency…

Binance Says It’s Launching a US Exchange With FinCEN-Registered Partner

Binance, the world’s largest cryptocurrency exchange by volume, is launching a U.S. division. The Malta-based company said Thursday it is setting up Binance US, a new trading platform specifically targeting U.S. customers, in partnership with a firm called BAM Trading Services. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies. The exchange did not provide a firm timeline for the launch. The move would represent the first formal entry into the U.S. market by Binance, although residents have already been able to access its trading…

Binance Drive For Crypto Dominance Is Massive For BNB, Adds 1.8%

BNB up 1.8 percent Changpeng Zhao and the team to launch a Stablecoin Ambitious, Binance wants to conquer the crypto world. There is a Launch Pad for crowdfunding, is active and now plans of launching a Stablecoin are in progress. While at it, BNB is rebuffing sellers, adding 1.8 percent in 24 hours. Binance Coin Price Analysis Fundamentals Vitalik Buterin is concerned. It’s not about Ethereum or what regulators think of ICOs. The muzzle is on Binance and their role in the crypto ecosystem. In two short years, Binance has…

Binance Confirms Stablecoin Offering Coming Soon: Report

Binance, the top crypto exchange by adjusted trading volume, has confirmed it will soon issue its own stablecoins. In a phone interview with Bloomberg, Binance’s chief financial officer, Wei Zhou, said the first stablecoin will be launched on the platform “in a matter of weeks to a month or two.” According to Zhou, the token will be called Binance GBP, which will be fully backed by reserves of British pounds. More coins tied to other fiat currencies will follow, he said, while Binance will also work with partners wanting to…

Binance Coin (BNB) Slide 6.1% but Margin Trading Could Spur Demand

Binance Coin (BNB) falls 6.1 percent If the rumor is true, Binance is close to activating Margin Trading After six months of stellar performance, Binance coin (BNB) is correcting. Even so, if Binance enables margin trading, the demand for BNB will increase, buoying bulls aiming at $43. Binance Price Analysis Fundamentals They may be centralized and prone to hacks, but exchanges play a crucial role in the crypto ecosystem. Not only do create a market place for even the most illiquid digital assets, but these ramps bridge fiat and cryptocurrencies.…

Binance Partners With Crypto Lending and Borrowing Firm Cred

Binance exchange is teaming up with Cred to offer cryptocurrency lending and borrowing services across its ecosystem. As part of the arrangement, California-based Cred will migrate a portion of its native “LBA” token to Binance’s blockchain network, Binance Chain, according to an announcement Wednesday. Binance chief growth officer Ted Lin said that as Binance Chain has a “one-second block time,” it will help Cred scale its operations to more markets and users, and ensure transactions are “fast, efficient and effortless.” Cred offers two services: “Borrow” and “Earn,” according to information from…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 27

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin is back at doing what it does best, break out and rally on weekends. It again made a decisive move during the weekend and is pulling the crypto markets higher. The total market capitalization of cryptocurrencies has topped $278 billion and is on…

Crypto Exchange Binance Confirms Margin Trading Coming ‘Soon’: Report

Binance has confirmed it will be launching a margin trading service, after the cryptocurrency exchange accidentally tweeted images suggesting the service was in development. First noticed by Twitter users earlier on Friday, Binance posted screenshots of its platform in dark and light modes, asking users which one they preferred. The screenshots contained a dedicated tab titled “Margin,” with a message saying that margin trading carries a “higher potential profit,” but also “greater risks.” Margin trading refers to using borrowed funds from a broker or exchange to trade an asset. Image via…

Crypto Exchange Binance Restarting Services After Post-Hack Upgrade

Cryptocurrency exchange Binance has announced that it is back online after completing a security upgrade prompted by a recent hack. Kicking off at 03:00 UTC Wednesday, the upgrade meant that all services were suspended during this period, according to a Binance support message. A two-hour extension to the upgrade was announced this morning as some tasks took “longer than expected.” Following the upgrade, Binance published an update saying that trading will recommence at 13:00 UTC.  Users can now cancel open orders and process deposits, while withdrawals “will be available shortly after…

If eBay Rumor is True, Binance Coin (BNB) could double to $40

Binance Coin (BNB) up 5.8 percent Binance and eBay could link up There is no official confirmation, but rumor has it that eBay could announce their support of Binance Coin (BNB). The platform is one of the largest in the world, and that resulting demand could thrust BNB towards $42. Binance Coin Price Analysis Fundamentals At spot rates, Binance Coin is trading above $20, up 5.8 percent from last week’s close. Well, if anything this is bullish and an indicator of how Binance Coin (BNB) bulls are resilient even after…