Binance Coin Soars 12% After KYC Leak ‘FUD’ Fails to Shake Investors

The native token of crypto exchange Binance has soared ~11% despite fresh rumors of a possible Know-Your-Customer (KYC) data leak affecting exchange users. According to data from CoinMarketCap as of press time, Binance Coin (BNB) is up 10.7% on the day to trade at $30.59. “@kycisimportant” Telegram group apparently deleted As reported yesterday, Binance has this week been at the center of a social media furor surrounding an alleged KYC data leak involving the personal documents of Binance users. A dedicated Telegram group — now apparently deleted as of press…

Binance’s CZ: Like It or Not, Facebook’s Libra Coin Is Poised for Mass Adoption

The takeaway: Binance CEO Changpeng Zhao (“CZ”) hopes to open a London office “very soon” as the crypto exchange turns its focus to Europe. Brexit won’t hurt and if anything will be good for crypto, he predicts. On Facebook’s Libra project, CZ anticipates practical benefits from potentially listing the coin, and also hinted at further collaboration. The forthcoming Binance.US is working with the usual suspects among crypto’s reliable banking partners. CZ calls crypto insurance a “flawed concept.” Binance instead dedicates 10 percent of its $100 million in quarterly revenues to…

‘Halal Coin’ a Matter of Time and Awareness

The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to Malaysia’s Islamic finance expert. Skepticism of crypto stems from uncertainty Suhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skepticism to crypto in Islamic countries is not a pure rejection, but rather a consequence of uncertainty, Islamic economy-focused publication Salaam Gateway reports Aug. 2. Mahpot, an advisory veteran at Amanie with 11 years of expertise in sharia-compliant financing, compared the existing situation with cryptocurrencies with Malaysia’s controversial types…

Binance Coin (BNB) Uptrend Is Solid, Prices May Rally Ahead of WINk IEO

Binance Coin is down 2.1 percent in 24 hours WINk, previous TRONbet, will be crowdfunding from the Binance Launchpad The integration of the Kyber Network liquidity protocol with the Trust wallet is a bullish signal for investors. Furthermore, the crowdfunding of WINk from the Binance Launchpad will draw demand for BNB. At the time of writing, the coin is stable but down 2.1 percent in 24 hours Binance Coin Price Analysis Fundamentals Months after acquiring the non-custodial Trust Wallet, Binance, the world’s largest exchange by adjusted trading volumes, is now…

Privacy-Focused Coin Zcash Forks Into New Blockchain Network Ycash

Privacy-focused digital currency Zcash (ZEC) has forked into a new blockchain network dubbed Ycash, whose total supply amounts to 21 million coins. According to a tweet by the Ycash Foundation, the first block of Ycash was mined today, July 19, at 7:36:51 PM PDT. Ycash forked off Zcash blockchain at block height 570,000 and is independent from both the Electric Coin Company, the firm behind Zcash, and the Zcash Foundation. The Ycash project was initially announced in April, when the Ycash team member Howard Loo revealed in a forum post…

‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung

On July 10, Kim Nam-jin applied for a Trademark 5 (TM5) on the name “Samsung Coin” with the Korean Intellectual Property Office (KIPO). As per the filing, it appears that Nam-jin is seeking to trademark the name in both its Korean spelling in Hangul as well as in English. However, per a July 19 report, a Samsung representative told CoinDesk that Kim Nam-jin is not affiliated with the Korean tech giant Samsung. “We don’t work this way,” the representative apparently said. Additionally, the report says that the trademark was listed…

Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark. According to filings with the Korean Intellectual Property Office (KIPO), an application to register the trademark in both English and Korean was submitted on July 10 by an individual called Kim Nam-jin. The filing was made under categories related to computer programs, such as “downloadable electronic money computer program,” “electronic money card,” “electronic encryption device,” and “IC card with electronic money function.” However, when contacted, a Samsung representative told CoinDesk…

‘Google Coin’ Within 2 Years as FANGs Will Go Crypto, Say Winklevoss

Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9. Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, said it was only a matter of time before other tech giants followed suit.  FANG refers to the unofficial ‘Big Four’ of the internet: Facebook, Amazon, Netflix and Google. “Our prediction is every FANG company will have some sort of cryptocurrency project within the next two years,” Tyler told the network.  Libra…

Binance Coin (BNB) Prices Are Flat, Is Changpeng “Killing” ETH?

Binance Coin (BNB) flat-lining, down 3.1 percent Ethereum being sidelined, Binance delisting and shunning ETH trading pairs By rebranding and delisting PHX/ETH trading pairs, observers say Binance is deliberately sidelining Ethereum projects. Understandably, Binance following their mainnet launch is a competitor. At the time of writing, BNB is down 3.1 percent. Binance Coin Price Analysis Fundamentals Competition forces innovation. Following governments and regulator involvement, ICOs as a fundraising model was slowed down. With stringent requirements and outright bans in several countries, including in China and South Korea, project managers were…

Facebook’s Digital Coin Libra Faces Extreme Criticism

Libra, Facebook’s cryptocurrency to be launched as a payment service provider, requires close examination. According to a senior official at Britain’s financial watchdog, this new coin project requires deep scrutiny as it raises questions both on social and legal grounds. Facebook unveiled its Libra digital coin last month as a platform that will let one buy things or send money to people with nearly zero fees. Regulators Have Doubts About Libra One would pseudonymously buy or cash out their Libra online or at local exchange points like grocery stores. However, soon…