Binance, one of the world’s largest cryptocurrency exchanges which is said to be the fastest growing startup in history, has been offline for several hours. The Binance development team along with its CEO Changpeng Zhao–who was recently included in the Forbes list of cryptocurrency’s richest people–announced that a server issue led the trading platform to be taken offline temporarily for maintenance. “Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC),” the Binance team stated, noting that trading will remain disabled during thisPowered by WPeMatico
Bitcoin prices and cryptocurrency markets, in general, have been declining in price for the past six weeks straight with a few bounces here and there. Currently, BTC/USD markets have reached the lowest price in weeks touching $6,600 on February 5, 2018, erasing the past three months worth of gains. Also Read: China Censors Cryptocurrency Ads on […]
Cryptocurrency markets are suffering from new lows on the first of February as nearly every digital asset is down 3-20 percent. Since the last week of December 2017, bitcoin core (BTC/USD) markets are seeing a continuous downward spiral not seen since 2014. At the moment BTC is desperately trying to climb above the $9K region […]
Altcoin exchanges have been a hot topic recently. Top exchanges earned tens or even hundreds of millions of dollars in 2017, despite users of virtually all exchanges running into frequent and significant problems. Such a huge market, combined with the lackluster nature of top providers, creates a prime opportunity for new exchanges to enter the market and potentially grow on the scale of magnitudes. For individuals looking for a slice of the pie, KuCoin Shares (KCS) provides an interesting opportunity. KCS is the fuel behind the KuCoin exchange, a new and quickly growing altcoin exchange striving to rival major players such as Binance. The
Whenever cryptocurrency exchanges issue their own coins, some people will be wary. After all, such currencies can only be traded on the main exchange, which makes them seem prone to market manipulation. In the case of Binance Coin, things appear to be looking pretty good. It is an interesting cryptocurrency in its own right, especially because it has surged in value by so much. Why Does Binance Need its own Coin? That is always the main question to ask when exchanges decide to make moves like this. Native exchange-traded currencies which can’t be exchanged anywhere else also make for an interesting
Cryptocurrency exchanges have been overrun for months, as record demand has caused throttling or restriction of service altogether. With exchanges buckling under the strain, a number of platforms have been forced to temporarily shut their books. On Thursday, Bitstamp announced plans to recruit 100 new call center staff as it struggles to feed the crypto […]
After gaining 2,300% in six months and launching a string of eagerly anticipated ICOs, Neo is quite the success story. It’s that rare thing in the crypto space: a blockchain that’s actually seeing use. A bitcoin price equivalence of $580 per token (if Neo had a 21m supply) suggests there’s still plenty of room to […]
Bittrex’ coin listing and delisting policy has long been a mystery to outsiders, who have struggled to make sense of it. That mystery deepened this week after the exchange announced that it was removing Mysterium, a coin it only added last year and which still had respectable trade volume. Upon news of the delisting, Mysterium […]
Exchanges are regarded by many in the cryptocurrency world as a necessary evil. They provide liquidity and an on-ramp from fiat currency, but many other aspects of their service leaves a lot to desired. From onerous KYC requests to sudden withdrawal of service, nary a week goes by without major exchanges leaving customers seething. This […]
Cryptocurrency enthusiasts will all agree that the year 2017 was rather spectacular. Not only did we see all prices increase in a significant manner, we also saw exchanges struggle to keep up with demand. And just last week, Binance was forced to halt user registrations due to overwhelming success. The company has released some interesting details as to why this decision was made. It certainly makes a lot of sense for the site to upgrade its infrastructure well in advance. Binance’s User Growth is Mind-Blowing During the last six months of 2017, we saw a lot of exchanges suffer from an influx of new user registrations.