FOMO Moments The weekend has been very sideways for crypto markets which are already down again. Since last Monday they have fallen 16% shedding $65 billion in the process. There has been no positive momentum to indicate a rebound and bearish sentiment is still present. Bitcoin’s failure to make any...
Interesting times are ahead for specificaltcoin holders. Anyone who has invested in either Tron or EOS will need to prepare a course of action. Both currencies are in the process of launching their main net, and tokens need to be swapped. It seems Binance will be the go-to exchange...
Binance, the world’s largest digital-asset exchange by traded value, has announced the listing of ZenCash (ZEN) today, only to see the currency’s network overload due to a price pump, which led the operator to postpone the listing until their blockchain is stable. ZEN is currently trading at the $40 area...
Binance postpones planned listing of TrueUSD soon after the stable currency price spiked to $1.30 USD, begging the question, what does stable mean?TrueUSD Listing PostponedTrueUSD launched by San Francisco based TrustToken in March is a so-called stable coin which is purportedly pegged to the US dollar similar to Tether. According to...
Co-founder of Binance crypto exchange He Yi has dismissed the sci-fi-esque claims of a Chinese fintech media platform that his company has hatched a so-called “Genesis Plan.” The plan was to build Binance’s own blockchain-powered country on a private island, QQ News reports Wednesday, May 16. The fintech media outlet,...
Malta-based cryptocurrency exchange OKEx sparked criticism May 14 as its CEO resigned.  The move comes the same week the exchange’s trade volumes reportedly overtook those of market leader Binance. As Bloomberg reports today, quoting two statements from the exchange, OKEx CEO Chris Lee left his position in order to “start...
FOMO MomentsThe weekend witnessed more bearish pressure as the selloff continued. Total market capitalization has dipped below $400 billion but has recovered a little during Asian trade this Monday morning. There has been a very slight rebound but Bitcoin is currently trading level on the day at $8,450. This...
FOMO MomentsFollowing two days of selling pressure the markets have stabilized a little and even started to gain marginally during the morning’s Asian trading session. Total market capitalization is climbing back towards $450 billion and Bitcoin did not drop below $9k. It is currently trading up 1% on the...
Changpeng Zhao, the CEO of digital currency trading platform Binance, said in a blog post May 7 that initial coin offerings (ICO) perform far better than venture capital funds (VCs), even with a high risk of failure. In a blog post titled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” Zhao expressed his...
It has been a tumultuous week for San Francisco based Ripple Labs which now finds itself embroiled in another law suit. This time a disgruntled investor has taken up legal action claiming the blockchain firm has violated federal securities laws.Digital Coins Created ‘Out of Thin Air’According to Thursday’s class...