Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was a transfer of just … Continued The post Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7 appeared first on CCN

Read More

Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, The post Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive appeared first on CCN

Read More

Crypto Market Steadies at $202 Billion. Low Bitcoin Volume Remains a Concern

Over the past 24 hours, the crypto market has consistently demonstrated stability in the $202 billion region, as Bitcoin and Ethereum remained above $6,400 and $220. Yesterday, on September 16, CCN reported that the volume of Bitcoin is a concern, as it recorded nearly 30 percent drop in volume in a period of three days. The post Crypto Market Steadies at $202 Billion. Low Bitcoin Volume Remains a Concern appeared first on CCN

Read More

Binance Leads $12 Million Funding Round in Tokenization Startup Republic

A retail investment platform called Republic recently completed $12 million in financing to tokenize its platform and introduce its own security token, led by Binance Labs and NGC ECO Fund. The financing round was also supported by ZK Capital, Oyster Ventures, FBG Capital, Hazoor Capital, East Chain, Zhen Fund and others. Republic — which last year The post Binance Leads $12 Million Funding Round in Tokenization Startup Republic appeared first on CCN

Read More

Binance Has Quadrupled Its User Base Since January, Will Launch EUR Pairs

The last six months have seen the cryptocurrency market endure a steep decline and many casual investors turn their attention elsewhere, but for exchange operator Binance it has been a period of unmitigated growth. The company, which operates one of the world’s largest cryptocurrency exchanges, reports that its user base has quadrupled since the beginning The post Binance Has Quadrupled Its User Base Since January, Will Launch EUR Pairs appeared first on CCN

Read More

Cryptocurrency Market Drops $9 Billion, Bitcoin and Major Currencies Remain Volatile

The cryptocurrency market has dropped $9 billion over the past 24 hours after demonstrating a $30 billion increase in valuation from $370 to $400 billion. Bitcoin Struggle at $8,500 The bitcoin price has struggled to surpass the $8,500 mark on throughout May 14, even after surpassing $8,700 on May 13. The market started to recover The post Cryptocurrency Market Drops $9 Billion, Bitcoin and Major Currencies Remain Volatile appeared first on CCN

Read More