Major global crypto exchange Binance has silently launched Russian ruble trading on Oct. 30 allowing users to deposit and withdraw in RUB. Binance Ruble trading goes live according to the plan Less than two weeks after announcing Binance’s plans to launch fiat trading starting with Russian ruble, Binance CEO Changpeng Zhao (CZ) revealed that ruble trading is live in a tweet on Oct. 31. CZ noted that the launch of Russian ruble was released silently and in conjunction with his interview on Coindesk stating that Russia is one of the biggest markets of Binance exchange. CZ first announced the ruble …

Update: Changpeng Zhao’s comment was translated incorrectly in the article. It was since updated to reiterate the platform’s stance that individuals engaged in crime should not sign up with Binance. Changpeng Zhao, CEO of major cryptocurrency exchange Binance, named Russian President Vladimir Putin as the most influential person in the blockchain industry. Cooperation with the Russian gov’t On Oct. 22, in an article on RBC News, Zhao, also known as CZ within the crypto community, pointed to Russian President Vladimir Putin as the most influential person in the blockchain space. Zhao further said that he believes the bill on regulating …

Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble. Adding ruble support in “about two weeks” The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at a Russian government-led event, the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national cryptocurrency on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained. In a video posted on Twitter, CZ said: “In about two weeks or so, we should have support for Russian rubles trading directly. So you can …

Binance.US — the United States-focused wing of major cryptocurrency exchange Binance — announced that its customer's dollar deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage. FDIC insures deposits up to $250,000 In a blog post on Oct. 18, Binance.US announced that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the FDIC, which is a United States government agency designed to protect consumers and the U.S. financial system. Binance.US explained: “The pooled custodial accounts are maintained in a manner that provides access to pass-through FDIC insurance coverage up …

Changpeng Zhao, CEO and founder of major cryptocurrency exchange Binance, said that the reasons why Binance Coin (BNB) dropped over 50% from its all-time high in June do not make much sense. “Markets often confuse people” Zhao explained that new services such as margin trading, an increased number of fiat onramps, peer-to-peer (P2P) trading, and futures trading have made the last quarter “very productive” with many significant projects coming to fruition. Resultantly, the CEO isn’t sure why BNB price has slumped over the past few months, mentioning the drop in Bitcoin price among other possible reasons. Zhao noted: “There are …

"Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates. The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder of competing OKCoin — Star Xu. Lastly, Leon Li, founder of cryptocurrency exchange Huobi, is also on the list. Mining hardware producers and crypto exchanges’ CEOs Bitmain’s Zhan — with his net worth of 30 billion Chinese yuan (over $4.2 billion) — has secured for himself the 100th position on …

From the outside looking in, the United States seems to present a host of amazing financial opportunities. However, when it comes to launching cryptocurrency exchanges or altcoin trading platforms, these possibilities start to dwindle and fade quite rapidly. In this regard, over the past few years, the U.S. regulatory landscape has seemed so hostile toward the crypto industry that a number of prominent exchange operators have preferred not to serve U.S. citizens at all — a case in point being Bancor, a decentralized liquidity network, that recently decided to block American citizens from using its website to convert its tokens. …

Binance CEO hinted at staking Tezos (XTZ) as the major crypto exchange listed the cryptocurrency for trading on its platform. XTZ deposits are now live On Sept. 23, Binance officially announced the listing of Tezos, launching three new trading pairs featuring the major cryptocurrency Bitcoin (BTC), top stablecoin Tether (USDT) and Binance’s native token Binance Coin (BNB). Following the announcement, users can start depositing Tezos on their accounts, while the launch of trading is scheduled for launch on Sept. 24, the exchange announced. CZ hints at staking Binance CEO Changpeng Zhao, also known as CZ, subsequently retweeted the news, intriguing …

The CEO of cryptocurrency exchange Binance has dispelled fears a bad actor had attacked its newly-launched Bitcoin (BTC) futures platform. Technical error crashed Bitcoin price In a series of tweets on Sept. 16, Changpeng Zhao, also known as CZ, initially warned that the exchange’s futures were under attack from one of its own market makers. The perpetrator allegedly crashed the BTC/USD order book from $10,324 to $10,024, in what Zhao said was the second such attempt at an attack. Binance launched its futures platform in invite-only mode following a user testing period earlier this month. Two platforms were originally available, …

Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD available later this month In a press release shared with Cointelegraph on Sept. 5, Paxos co-founder and CEO Asia Rich Teo shared that the NYDFS’s approval of the stablecoin Binance USD (BUSD) is a vital step towards long term stability in global crypto markets. He continued by saying: “We are proud that our stablecoin as a service offering enables trusted companies like Binance …

Binance, the world’s largest exchange by trading volume, has acquired JEX, a crypto-asset trading platform that offers spot and derivatives trading services. The exchange announced the acquisition on Sept. 2, saying, “JEX will join the Binance ecosystem as Binance JEX and focus on further building the crypto-asset derivatives market.” According to the announcement, Binance will introduce more utility to the JEX token and further provide Binance users with professional services including futures contracts, options and other derivative products. Binance shows growing interest in the cryptocurrency derivatives market Binance’s acquisition of JEX comes amidst continued interest of the exchange in the …

Following integration with major cryptos, South Korean tech giant Samsung has expanded the coins supported by the Galaxy S10 device with three stablecoins. According to a U.today report on Aug. 30, Samsung’s new flagship smartphone now supports three stablecoins, including TrueUSD (TUSD), Maker (MKR) and USD Coin (USDC). 33 cryptos totally supported Additionally, Samsung Galaxy S10 now reportedly supports Basic Attention Token (BAT), a native token by blockchain-based internet browser Brave that is used to reward users for watching ads. The report notes that the digital wallet on Samsung's new phone now supports 33 digital currencies in total, including Bitcoin …