The world’s largest cryptocurrency exchange, Binance, has faced a series of distributed denial of service, or DDoS, attacks on its Chinese domains earlier today. Binance CEO and founder, Changpeng Zhao, or CZ, tweeted about the attacks on April 29. He explained that the DDoS attacks caused “some lag and interruption of network access.” Binance CEO reassured that there is no need to be concerned, noting that systems are stable and user funds are safe. Binance co-founder Yi He reportedly alerted the issue earlier today In the tweet, CZ also suggested that the new DDoS attacks on Binance were triggered by …

Leading cryptocurrency exchange Binance launched its mining pool "Binance Pool" on April 27. The pool will operate with zero fees until May 31, after which the rate will be set at 2.5%. The press release for the pool states that large miners can contact Binance to negotiate an extension of the fee-free period. Approximately 15 of Binance’s more than 1,000 employees work full-time towards the pool’s operation. Cross-platform integration Binance Pool supports both Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining mechanisms. The pool is integrated with the rest of Binance’s platform — allowing miners to easily transfer funds between Binance Pool …

It’s been a good week for Bitcoin. After languishing at around $6,700, the cryptocoin is up more than 6 percent over the last week to take it above $7,000. And the next halving is now less than three weeks away. Changpeng Zhao is looking further ahead. He predicts that in a few months, as governments implement quantitative easing measures to stabilize coronavirus-hit economies, Bitcoin will rise. “Mathematics works, he told BlockDown 2020, a two-day virtual conference. “If you increase supply of the fiat currency and Bitcoin is a limited asset, mathematics will eventually work.” For crypto-ATM services like DigitalMint and …

Following Binance’s recent acquisition of CoinMarketCap, the exchange’s CEO and founder, Changpeng Zhao (CZ), has asked the crypto community what changes they would like to see made to the popular and controversial crypto market data aggregator. The community polling comes amid a skeptical reaction to the rumored $400 million acquisition from the crypto-sphere at large, with many expressing concerns regarding Binance’s growing power and presence within the digital currency industry. Zhao requests community feedback on CMC changes On April 22, CZ took to Twitter to ask the crypto community what changes it would like to see made to CoinMarketCap: “Listen-to-community …

Binance founder and chief executive, Changpeng Zhao, took aim at initial public offerings, or IPOs, and venture capital fundraising while speaking at the recent BlockDown 2020 conference. Despite the recent decline in crypto investment, Changpeng Zhao, or CZ, expressed confidence that the blockchain fundraising markets will produce exponential growth in the coming years, emphasizing the boom and bust cycles of investment into other tech industries. IPOs leave the public ‘holding the bag’ Speaking at BlockDown 2020 on April 16, CZ described distributed ledger technologies, or DLT, as driving creative destruction in global fundraising practices, arguing blockchain fundraising has allowed individuals …

Speaking at the BlockDown 2020 conference, the chief executive and founder of leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), shared his outlook for crypto assets amid the current global climate of economic uncertainty. BlockDown 2020 is a two-day conference being held from April 16 to 17. The event is being held virtually in response to the coronavirus pandemic. Crypto exchanges going strong despite price volatility While CZ acknowledged that 2020 has “been rocky in terms of the whole global environment,” he contended that the crypto exchange business “is actually doing quite well.” “Even though the bitcoin price dropped, we are …

While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees. Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn. In an April 3 tweet, Binance invited people around the world to build a career in the Blockchain space, offering a crucial opportunity to “work from home” as global jurisdictions continue strengthening quarantine measures. Binance CEO and founder, …

While global markets are experiencing tough times amid the coronavirus pandemic, the crypto industry is getting stronger as its core players have tapped one of the biggest crypto mergers in history. Binance, the world’s biggest cryptocurrency exchange, has reached an agreement to acquire CoinMarketCap, one of the most-referenced crypto data websites, in an undisclosed deal. The companies officially announced the acquisition to Cointelegraph on April 2. Changpeng Zhao, founder and CEO of Binance, said that Binance and CMC are very similar, as they are both providers of “access-to-crypto” and share a vision of making crypto assets more accessible and useful …

While much of the mainstream media decided against running pranks this year due to the seriousness of the coronavirus crisis — the crypto community decided to have some fun anyway. One of the earliest, and funniest, was CoinMarketCap listing ‘Toilet Paper Token’ as the number one cryptocurrency above Bitcoin — the circulating supply, naturally, was ‘out of stock’. Satoshi predicted the COVID-19 outbreak CryptoPotato broke the news that Satoshi Nakamoto predicted the coronavirus outbreak in the original Bitcoin whitepaper. It was a pretty convincing story too, thanks to a cleverly fabricated image of the ‘introduction’ to the whitepaper where Satoshi …

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, known as “CZ” in cryptocurrency circles, argued that coronavirus had shown that the world’s economy is far too weak. CZ: The economy “should be stronger” Asked whether he felt conditions this year were different from the global financial crisis (GFC) of 2008, he summarized: “In 2008, there wasn’t a pandemic pausing global economy. But I believe the Coronavirus is just a trigger, not the root cause. Our economy should …

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 to date — or, 16%–17% of all Bitcoin in circulation, considering lost Bitcoin (as of March 19). Exchanges are also some of the largest holders of altcoins, which recently led to a controversy when some of the biggest crypto exchanges used large stockpiles of Steem tokens to take over Steemit. Just like Steem, Tron’s consensus is also delegated proof-of-stake, and its biggest representative is …

Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the Blockchain Africa conference being held in Johannesburg this week. CZ confirmed that South African traders would soon be able to make Rand deposits on the platform through the Binance website. This is part of an ongoing push into Africa that started in Uganda in 2018: “Africa illustrates one of the largest demands and instrumental use cases for cryptocurrency, notably for financial access. According to the World Bank, …