Jack Dorsey, CEO of Twitter and Square, is campaigning for government to use Cash App and other payment platforms to distribute U.S. stimulus package. The founder and CEO of Square Inc, Jack Dorsey, believes that his company’s crypto-friendly payments application Cash App can distribute America’s stimulus package more efficiently than the U.S. government. On March…
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The industry is seeing a renaissance following India’s Supreme Court revoking the RBI’s crypto ban, but there is still a long way to go. Among industry participants and investors, India is emerging as a market to watch for following the overturn of a crypto ban that was placed by the Reserve Bank of India back…
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The Monetary Authority of Singapore exempted a number of crypto payment services from holding a financial license under the Payment Services Act. While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from…
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Speaking to Cointelegraph, Binance’s VP of futures explains how the firm managed to become one of the top crypto futures trading platforms. Aaron Gong, vice president of futures at major cryptocurrency exchange Binance, explained to Cointelegraph how the firm managed to become one of the top crypto futures trading platforms. As Cointelegraph reported earlier this…
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Binance Charity launches global campaign to distribute medical supplies to the countries hardest hit by coronavirus. Binance Charity has launched an initiative that seeks to raise $5 million in cryptocurrencies to purchase medical supplies for the countries that have been the hardest hit by the COVID-19 pandemic. Binance will lead the #CryptoAgainstCOVID campaign with an…
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With trillions of dollars available for financial stimulus in the wake of the coronavirus outbreak, Binance’s CEO believes that could pump Bitcoin’s market cap to $2 trillion. After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at…
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Huobi sits in second place. Binance has more than $1 billion in ERC-20-based stablecoins as of March 24. This figure surpasses a milestone that quite far ahead of second-place Huobi. Binance holds $1,007,585,549 of these stablecoins as of press time, a balance that has grown some $105,583,132 over the past seven days, according to the…
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Systemic weakness and a lack of will to change any of its aspects are what led to traditional finance temporarily crashing Bitcoin, argues CZ. The coronavirus pandemic was just the spark that ignited the current global economic meltdown, not its cause, the CEO of Binance says. In a blog post on March 20, Changpeng Zhao,…
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In view of the recent Steem takeover fiasco, how do some of the most popular exchanges handle user deposits? Crypto exchanges have become the most powerful stakeholders in the crypto ecosystem. Currently, just 12 crypto exchanges hold around 2.5 million Bitcoin (BTC) in their wallets, worth around $15 billion. That’s 13.8% of all Bitcoin mined…
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Binance has rolled out peer-to-peer crypto trading with five new Latin American fiat currencies. Cryptocurrency exchange Binance has rolled out peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS), Colombian peso (COP),…
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