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Binance Crypto Exchange to Support EOS Airdrops: IQ, DAC & EON

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The world’s best cryptocurrency exchange for altcoins is at it again with the recent EOS Mainnet Launch, Binance has made an official announcement that they will honor and support #EOS airdrops for DAC, EON and IQ. The EOS coinholders have been eagerly awaiting free airdrops from the mainnet activation launch and it is finally here. But many have left to wonder who will support them and how do they actually receive the airdrops.

The crypto communities has a clearer picture after an announcement by: Binance cryptocurrency Exchange to support EOS Airdops.

The EOS Airdrops that Binance will support is: IQ, DAC and EON. The question on whether Binace would support future airdrops has been a lingering question among social media channels.

While Binance does say they will support the Airdrops, it is up to the companies themselves to get in contact with the team in order to plan out distributions.

“If Binance does not receive any correspondence and/or the project teams refuse to transfer the corresponding airdrop amounts to Binance (for distribution to our users), the airdrops will not be supported by default.”

You can see the official announcement here. Back on March 12, 2018 Binance did make a public statement regarding the fact they would support the EOS Mainnet token swap and that day has finally arrived. Now that the first three airdrop coins are here, we wonder when the rest of the EOS Airdrops will be announced and ready to roll.

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Binance CEO Says Crypto’s Killer App Has Arrived, Ripple Adds New Partnership, and BitPanda Dares Elon Musk to Accept Bitcoin

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Binance CEO Changpeng Zhao says crypto’s killer app is already here. In a new interview with YouTube’s Venture Coinist, Zhao pointed to the success of Tron’s BitTorrent Token (BTT) launch as a sign that ICOs will make a comeback and remain a powerful new way for companies to raise money.

“ICOs got a little bit of a bad name because it’s total freedom. So there’s quite a lot of chaos. It was too hot. You could write a five-page white paper and raise $10 million. And of course, the founders want to do nothing other than write the next white paper. So it was getting too hot and with the bear market in 2018. A lot of people lost money and it gave a bad name to ICOs.

But looking past that, I think raising money on blockchain, blockchain fundraising, is a killer app. And it has huge implications and huge advantages to entrepreneurs. So what we need to do is basically just find the best entrepreneurs, find the most proper projects, the legit projects, and make sure that the token economics make sense. So we need to make sure they don’t raise too much, keep the initial prices lower because the project is not out yet. So there’s a strong structure to raising properly, and that’s what we want Launchpad to do.

And I think that’s actually instrumental for our industry because I firmly believe entrepreneurs are the guys who are going to build this industry. And now we have this wonderful tool to help them raise money and to help them launch their project. And I fully believe that we won’t be the only ones doing it. So we will be one of those platforms. The projects we support go through very detailed due diligence, and we want to make sure those are all legit, proper projects. Not every project will be successful in the end because there are many other factors that can cause startups to fail.”

Ripple

Al Ahli Bank of Kuwait (ABK) says it’s partnering with Ripple to implement instant cross-border payments for its customers.

According to Arabian Business, the bank says the agreement will place ABK ahead of its competition, reducing cross-border transaction times from days to a matter of minutes.

ABK will integrate Ripple’s enterprise blockchain technology into its existing services to offer its customers immediate confirmations, on the back of a secure infrastructure. The bank said its customers will now be able to send vital funds to family, friends and loved ones faster and more efficiently.”

Bitcoin

The CEO of BitPanda is joining the push to get Elon Musk to accept the Bitcoin Lightning Torch. Eric Demuth says he’s ready and waiting to buy a Tesla Model 3 the moment Musk takes the torch.

The crypto community has been pushing to get Elon Musk to join the game of crypto hot potato, which has prominent figures passing a symbolic amount of Bitcoin to showcase the power and speed of the network and the new scaling solution Lightning.

Source.dailyhodl

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Binance Operating Profitably Despite Bear Market: CFO Wei Zhou

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When it comes to running a cryptocurrency business, the case of Binance is a great example for all startups putting their feet in this space. Currently world’s largest crypto exchange by daily trading volume, not only it manages to make headlines continuously but also it has been expanding aggressively to cover the entire space. It has created a completed ecosystem of various crypto and blockchain based products and services within a short span of its lifetime. But that’s not the best part of its story. The best part was revealed yesterday by company’s CFO Wei Zhou when he claimed that the company is profitable even in this bear market!

That’s right. Speaking to CNBC in an interview Mr. Zhou said that Binance has been able to operate profitably even during this crypto meltdown. This is impressive because if an exchange is able to expand aggressively while retaining its profitable position during a bear market it speaks volumes about the kind of efficiency in company’s operations. This is also a big achievement because the company has been experiencing some of the lowest trading volumes since 2017.

This statement is well in-line with the market estimates which are published every year by analysts to anticipate the kind of money that Binance may be making. Since Binance doesn’t publish its financial statements publicly, the analysts of market use publicly available data to predict how much profit it might have made in any particular year. For instance, a report published recently by The Block estimates that Big B of crypto space might have made $446 million in 2018. The analysis was based on how much company spent on buying back the units of its BNB token from the net profit. Binance CEO Changpeng Zhao had also told Bloomberg in 2018 that his team is targeting a profit between $500 million and $1 billion for 2018.

It’s worth noting that Binance has been in the space only since July 2017, but since then it has become a force to reckon with. It had raised as much as $15 million in its ICO itself, and since then it has never looked back. The company hired Zhou to head its financial department in September 2018, who has a background in launching IPOs of major companies. Prior to joining Binance he had spearheaded the IPOs of TV ad company Charm Communications and job site Zhaopin in China. When CNBC interviewer asked him whether Binance is also planning its IPO or not, given his background, he said that there’s no such plan in the short-term.

Zhou is also known for his expertise in closing big-ticket mergers and acquisitions. At Chinese tech conglomerate Beijing Kunlun Tech he had orchestrated the acquisition of Gay dating app Grindr in 2018. When he was asked if Binance is also planning some big acquisitions in the coming days, he said that the company always remains on the lookout for high quality products.

Source.crypto-news.in

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Binance Coin [BNB] pumps by over 6% as most other top-10 tokens face slump

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The cryptocurrency bear market is stronger this time as most of the major coins are undergoing major changes almost every day. However, Binance Coin has taken advantage of the bear’s lose grip and has jumped by over 6%.

Source: Trading view

Source: Trading view

At the press time, BNB, was valued at $9.47, with a market cap of $1.3 billion. The coin registered a 24-hour trading volume of $85 million while registering 6.80% growth over the past day. The coin, however, has fallen by 0.25% after surging due to market correction. The coin has registered a growth of 16.58% over the past seven days.

Binance Coin [BNB] registered a volume of $29 million with the BNB/USDT pair on Binance. The second position in terms of trade was on the BNB/BTC pair, with a trade volume of $21 million. The third place was taken by P2PB2B, with a volume of $6 million on the BNB/BTC pair.

Looking at the growth in the coin’s price, Binance’s CEO Changpeng Zhao, or popularly known as CZ, tweeted:“…18 months ago, 3 weeks after launch, $BNB at ATH, price is 1/50th of what it is now, 4 coins traded on @Binance. The tweet has 2 comments (as of this writing). Keep #buidling!”

Binance Coin was recently added on another medium, SpendApp, which will enable BNB holders to buy/sell the token with their account. Spend.com shared this news on Twitter by stating:“#Binance Coin is now available on the #SpendApp. Buy/Sell $BNB with your bank account. Exchange $BNB with all supported assets. Spend $BNB at 40+ million locations with the Spend Wallet™ by instantly converting to fiat with the #Spend Visa® [email protected]_binance @binance @Teddy_Lin”

Binance exchange is the largest exchange in terms of trading volume and recently, the CFO of the company, Wei Zhou, claimed that business is still profitable instead of the bear ravaging the market.

Source. ambcrypto

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