Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?

Binance yesterday completed its eighth quarterly “burn” of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng “CZ” Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth …

Bitcoin is Absolutely Clobbering Your Favorite Altcoin This Season

Many crypto enthusiasts love to hype the ever elusive altcoin season (“altseason“), which has long been hailed as one of the most profitable bitcoin market cycles for active cryptocurrency traders. When the season is in full swing, larger altcoins like Ethereum, Ripple, and even small-cap assets like Pundi X exponentially rise in value against bitcoin. …

Binance CSO Confirms ‘Preliminary’ Talks to List Facebook’s Crypto ‘Libra’| CCN Markets

Speaking with Finance Magnates, Binance strategy officer Gin Chao said the world’s largest cryptocurrency exchange “would probably want to list” Facebook’s Libra coin on its marketplace. Chao said that Binance has been in talks with Facebook about the potential listing. Though he said discussion is, “very much at a preliminary stage.” The revelation is some …

Bitcoin SV (BSV) Pumps 21% After Surprise Mention on Joe Rogan

The value of Bitcoin SV (BSV) rebounded 21% on Friday morning, fresh off the back of a surprise mention on the Joe Rogan Experience. BSV’s gains outpaced the broader market, which rebounded 10% just hours after $83 billion exited the cryptocurrency market in a flash. Bitcoin SV… Maybe? During episode #1318 of the JRE podcast …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Weiss Crypto Ratings Drops EOS Over Centralization Concerns but Who Cares

By CCN Markets: Weiss Crypto Ratings on Friday announced that it is downgrading the technology score of EOS, a blockchain protocol developed and distributed by Block.one. EOS Downgraded by Weiss Rating Over Centralization Issues | Source: Weiss Crypto Ratings The US-based economic research agency said EOS has “serious problems with centralization,” three months after it …

Bitcoin SV (BSV) Price Gains $1 Billion From a $55 Copyright Application

By CCN: The holders of Bitcoin SV tokens looked like they were going to have a difficult time after correcting as much as 56-percent to the downside last week. But the price rallied and produced up to 34.76-percent gains in a pump that began on Sunday at 1300 UTC. The asset’s recovery brought its net …

‘Facebook Coin’ Users Will Trip on ‘Gateway Drug’ Bitcoin: Venture Capitalist

By CCN.com: The cryptocurrency space is concerned about whether or not the upcoming Facebook Coin will hurt the Bitcoin market. But according to Spencer Bogart, the social media giant’s entry into the crypto space could be the best thing that ever happened to bitcoin. The Blockchain Capital executive told Bloomberg that Facebook was a significant …

IOTA Inks Game-Changing Crypto-Powered Deal with Jaguar Land Rover

By CCN: Jaguar Land Rover has caught crypto fever. The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight. Jaguar Land Rover is testing smart wallet technology that will incentive drivers to earn crypto while driving. It sounds like a commuter’s dream come true. Drivers …

Cosmos Soars 27% Upon Binance Listing, Earns Crypto Community Praise

By CCN.com: ATOM, the native crypto asset of the highly anticipated Cosmos blockchain network, has been listed by Binance, the world’s largest crypto exchange. ATOM rises by more than 27 percent in the past 24 hours (source: coinmarketcap.com) Changpeng Zhao, the CEO of Binance, said that the development team behind Cosmos refused to communicate with …