Poloniex Lists Binance Coin Following Tensions Over Steem

Poloniex, a veteran exchange that was recently purchased by a consortium including Tron founder Justin Sun, has launched Binance Coin (BNB) and Binance USD (BUSD) pairings. As of June 6, BNB and BUSD wallets are now live on the exchange, with markets for the corresponding pairings slated to launch in post-only mode to ensure stability before full trading functionality rolls out. Binance tokens listed on Poloniex The listings bring support for six new pairings, with Binance Coin now tradeable against Bitcoin (BTC), Tether (USDT), and Tron (TRX) in addition to…

McAfee’s Privacy Coin Ghost Is Plagiarized, PIVX Developers Claim

John McAfee’s anonymity-oriented Ghost project has largely plagiarized its whitepaper, according to developers of privacy coin PIVX. “After a detailed investigation, it is obvious the GHOST whitepaper was plagiarized extensively from an outdated 2018 PIVX whitepaper,” PIVX tweeted on May 17. PIVX developers went on to conclude that “at least 20 of the 26 total pages” of the Ghost whitepaper “contain material directly plagiarized from the 2018 PIVX whitepaper,” attaching a number of screenshots to back their claims. “PIVX is a MIT licensed, open-source project,” a representative for the blockchain…

Coin Center’s Non-Profit Battle for Decentralization in DC With Peter Van Valkenburgh

Formed in 2014, Coin Center was the first non-profit to focus on defending the independence of decentralized blockchain networks and cryptocurrencies in front of regulators in the United States. Peter Van Valkenburgh was one of the first hires at the fledgling think tank, coming on as director of research in 2015. He recently spoke with Cointelegraph on why it’s important to have a non-profit sticking up for networks like Bitcoin’s. A shared public resource and non-profit defense Describing Coin Center’s mission and what makes it distinct from other crypto-focused lobbying…

Binance Coin (BNB) Monthly Gain Exceeds 151% as Cartesi IEO Approaches

Since dropping to a 2020 low at $6.34 on March 13, Binance Coin (BNB) has been on an absolute tear, gaining 151.48% to reach a 4-week high at $15.93. Unlike Chainlink (LINK), the recovery has been slow and steady as BNB flipped systematically flipped multiple resistance levels to support.  Aside from the strong oversold bounce that saw many cryptocurrencies snatch back the majority of their March 13 losses, news that Binance exchange will host an IEO for Cartesi starting April 21 could be partially responsible for the most recent leg…

Coin Mixer’s Record-Breaking Month Proves Bitcoin Users Want Anonymity

Volume for Samourai Wallet’s non-custodial Bitcoin mixer, Whirlpool, tripled last month, with the service processing more than $10 million worth of Bitcoin (BTC). According to data published to Twitter by Whirlpoolstats’ Matt Odell, March activity  comprised 40% of the then-total volume produced by Whirlpool since its launch in May 2019. Whirlpool mixer sees record activity Samourai Wallet’s Whirlpool has seen a notable increase in user activity during 2020 so far. While Whirlpool saw a retraction in user activity at the end of 2019 after posting a record of 303.55 BTC…

Exchange Coins Poised to Surge: Binance Coin, UNUS SED LEO, OKB

Like most cryptocurrencies, the top crypto exchange tokens—Binance Coin, UNUS SED LEO, and OKB—also suffered from the sell-off seen across the global financial markets. However, the bullish momentum behind these altcoins seems ready to resume. Binance Coin Prepares for High Volatility Over the last two weeks, Binance Coin has been contained within a parallel channel. Each time BNB rises to the top of the channel, it drops down to hit the bottom of the channel, and from this point, it bounces back again. These are the primary characteristics of a…

Binance Coin Engagement Skyrockets as Exchange Introduces New Product

Binance Coin community engagement metrics are going through the roof after the world’s largest exchange by trading volume announced the introduction of a new product leaving investors wondering whether BNB’s price will follow. Binance Coin’s Social Engagement Explodes In a recent blog post, Binance revealed the launch of Binance Card. The new payment card works like a traditional debit card allowing users to pay for goods and services using their BTC and BNB. Since it is issued by Visa, it provides access to more than 46 million merchants offline and…

Blockchain Analytics Firm Coin Metrics Raises $6 Million

Cryptocurrency analytics firm Coin Metrics has closed a Series A funding round worth $6 million. In a blog post on March 26, Coin Metrics said the round was led by Highland Capital Partners and the $6 million investment would be used to grow the firm’s team, expand their product offerings and “provide enhanced coverage of digital assets.” Other firms including Castle Island Ventures, Communitas Capital, Coinbase Ventures and Digital Currency Group also participated in the funding round. Coin Metrics was created in 2017 by Nic Carter and Aleksei Nokhrin as…

Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million

Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits.  Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, released their State of the Network report on March 23. The report focused on how the rest of the crypto market fared during the BTC crash two weeks ago. According to Coin Metrics data, stablecoins gained market share, spreads on spot and futures markets widened, and transfer fees spiked as people rushed to…

Circle’s USD Coin Sees Major Growth After Market Downturn

As Bitcoin (BTC) and the cryptocurrency market at large experience a major downturn, people turn to stablecoins in an attempt to preserve their capital. Some stablecoins have grown more than others, however. Stablecoin marketcaps are generally expected to increase after a major cryptocurrency market downturn. However, this is not what happened for most stablecoins during the past week. According to data from Coin360, Bitcoin has fallen from a height of nearly $8,000, down to under $4,000 between March 12 to March 13. Bitcoin 7-day price chart. Source: Coin360 USDC market…