Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé. On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the exchange in April, finding that Binance had “not discharged its onus of demonstrating the Respondent does not have rights or a legitimate interest in the disputed domain name.” WIPO concluded that “no good purpose would be served by addressing” the exchange’s request at this time, ruling in favor of the florist’s claim to the domain name. But we trademarked it first Binance’s complaint …
An eventful week for Bitcoin this week. It ended down nearly 5 percent but at one point, things were looking much worse. A collapse to $8,900 sparked talk of a three-month correction—which could be exacerbated by the expiration of more than 100,000 Bitcoin options next Friday. So far at least, the correction appears to have largely corrected itself but that might be because of the turmoil in the stock markets. Yoni Assia, CEO of eToro, predicts a market crash in three weeks. Bitcoin is currently outperforming the market and acting as a safe haven. The week has been eventful away …
This week’s headlines from Japan included research company Xangle releasing a report on Japanese crypto regulation, Binance supporting Japan's language but not its residents, SBI Holdings turning gift certificates digital with blockchain, and Nomura Holdings opening a crypto custody service with Ledger and Coinshares. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Research outfit details Japanese crypto regulation A new report surfaced last week from research outfit Xangle regarding Japanese digital asset regulation. Citing multiple examples of already-approved assets listed on exchanges, the report "analyzes the conditions necessary for listing a new virtual …
Leading cryptocurrency trading platform Binance has joined the Internet and Mobile Association of India’s (IAMAI) digital asset exchange committee. The association is the top trade body representing digital firms in India and was a key voice petitioning lawmakers about the Reserve Bank of India’s (RBI) ban on financial institutions providing banking services to companies operating with crypto. The ban was overturned by the Supreme Court earlier this year. Binance’s membership comes at an opportune time, with India’s Ministry of Finance moving forward with a proposal for a blanket ban on cryptocurrencies roughly one week ago. Binance expands influence in India …
Known for his social media-involved leadership of crypto exchange giant Binance, CEO Changpeng Zhao, or CZ, said he disabled Twitter comments on his posts to weed out the scammers. "To better respond and engage," CZ told Cointelegraph he partially disabled the ability for the public to comment on his tweets. "This is a new feature from Twitter," CZ said on June 11. "It seems it’s only rolled out to a small percentage of people." Social media holds crucial in crypto As an industry based primarily on digital technologies, much of the crypto and blockchain community interacts daily on various social …
Leading cryptocurrency exchange Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors. With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments in this sphere. Binance is reportedly reviewing 65 digital assets that it plans to list on the exchange at launch. Investors will be able to trade these assets directly against pounds and euros, Reuters reported. Being a regulated exchange, Binance’s trading platform will function under the supervision of the U.K. Financial Conduct Authority. The platform will allow …
A year after removing Bitcoin SV from its exchange in April 2019 and the mining pool operated by leading crypto exchange Binance now produces more blocks than anyone else. According to crypto statistics and services platform Coin Dance, Binance Pool is the largest miner of Bitcoin Satoshi’s Vision (BSV) blocks as of June 16. Binance Pool is responsible for 26.39% of all BSV blocks mined, with Huobi’s mining arm ranking second with 13.19%. Source: Coin Dance BSV ‘didn’t meet standards’ Binance delisted and ceased trading of all trading pairs for BSV in April 2019. The crypto exchange explained that it …
A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification. Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto asset with the most adoption and XMR offers the strongest privacy protections. Website tracks KYC-free crypto exchanges The website currently lists 14 KYC-free trading platforms, many of which offer a peer-to-peer marketplace for crypto assets. However, the site has listed warnings concerning more than half of the exchanges …
Active Twitter user Changpeng Zhao, or CZ, CEO of crypto exchange giant Binance, explained his use of social media, which has played a key role in his exchange's community engagement. CZ said his Twitter activity is not part of any overarching goal. "It’s really just a way for me to interact with our community, which I budget roughly 20% of my time to," CZ told Cointelegraph. CZ's Twitter game has been strong since Binance's inception CZ said he has given social media this type of attention since the exchange's early days. Binance kicked off its initial coin offering, or ICO, …
Cryptocurrency exchanges have an important role in driving adoption around the world, but even the biggest operations face significant challenges when trying to expand their services. The advent of Bitcoin (BTC) and the subsequent development and launch of numerous other cryptocurrencies have changed the way people look at transacting across the world. Dependency on traditional banking systems is no longer the only option available to people. Blockchain networks and cryptocurrencies are able to bypass conventional financial systems and allow people to transact directly, without having to go through a centralized institution. In an ideal, cryptographically secure world, users would transact …
Despite yesterday’s 8% crash in the price of Bitcoin (BTC) driving many BTC bulls from the markets, altcoin longs have only seen slight declines, with Ether (ETH) longs defying the trend with a slight rally test of recent all-time highs on Bitfinex. However, altcoin bears are quickly emerging from the woods, with shorts against many top altcoins piling up quickly amid Bitcoin’s recent drop. With many altcoin bulls holding on despite the increase in shorts, numerous leading crypto assets could see a surge in liquidations regardless of what direction the markets ultimately take. Bitcoin longs retrace heavily The BTC shake-out …
Seychelles-based exchanges led the world in cross-border Bitcoin (BTC) transactions in 2019. What Switzerland is to the world of watchmaking, Seychelles is to the world of crypto exchanges. The small island nation with a total population of less than 100,000, presents a perfect playground for the enterprises that are looking for a place that allows them to optimize their tax liabilities with regulators who operate with a light touch. U.S. comes in second The report by Crystal Blockchain examined flows of Bitcoin between exchanges around the world. Seychelles exchanges led in terms of both funds sent and received. International Flow …