A major cryptocurrency exchange Binance has categorically denied claims that hackers gained access to private user information, but rumours are spreading that a know-your-customer (KYC) data leak have happened & hackers are demanding in millions. Binance security team stated, “no evidence has been supplied that indicates any KYC images have been obtained from Binance, as these images do not contain the digital watermark imprinted by our system.”
Binance Labs reported has introduced its first blockchain gaming event, Game Oasis Hackathon which is co-hosted by Cocos-BCX, Celer Network, Matic Network, and Contentos. The hackathon will be having multiple rounds, including the preliminary online hackathon and subsequent onsite hackathon to be organized in four different cities: Shanghai, Seoul, San Francisco, and Bengaluru.
Binance Charity Foundation which will be hosting the Binance Charity Lunch For Children (BCLC) with aim raise around 500 BTC ($5.4 million) in transparent donations to help social areas to help children in Uganda to fulfill one of the most basic physiological needs receives donation from TomoChain (a scalable public blockchain platform).
Binance CEO Changpeng Zhao “CZ” shared his opinion that banning of cryptocurrency by government will only make people want more. He said in response to Trump’s rhetoric tweet, “Trump so far has not done anything positive or negative, he’s just said he’s not a fan. The fact that he tweeted about it, and the president of the United States is talking about cryptocurrency, it’s a good thing.”
Binance has announced that it will act as the launchpad to launch an IEO for a TRON-based blockchain gaming project ‘WINk’ & has shared this is its first gaming platform & seventh project of the year. The CEO of Binance, Changpeng Zhao commented, “The gaming industry has been at the forefront of emerging technologies and has demonstrated a strong interest and demand of utilizing cryptocurrency and decentralized platforms.”
Binance said that it unknowingly earned staking rewards of 9,500,000 XLM ($775,000 at press time) in extra XLM tokens in the wake of specific parameter changes on cold and hot wallets made a year ago. In the post it share, “…After that, on September 1, we will tally average user XLM balances based on these snapshots and complete the distribution of your XLM staking rewards.”
Binance Singapore has announced to the public that they have listed Litecoin (LTC, a fast payment coin). A Twitter user shared, “Is the market becoming more rational & demanding regarding transparent monetary policies? XRP & XLM have the lowest ratio from the top 10 and are the worst performing assets YTD. Could also be the potential competition from Libra.”
Binance (a major cryptocurrency exchange) has made public it idea to launch a branch in South Korea and also revealed that they’re working with with local partners, but details were not made public. The exchange CEO Changpeng Zhao said, “We are seeking a Compliance Officer to support our expansion into all global frontiers, including KYC, Client Onboarding and AML/CFT. The role is based in Seoul, South Korea.”
One of the major cryptocurrency exchange Binance has announced that it has has completed an upgrade to its blockchain Binance Chain called Galileo v.0.6.0. In its announcement: “Some business plans decide to lock certain amount tokens for pre-defined periods of time, and only vest in the future according to the schedules. For example, some projects may lock some allocation of the issued tokens as a commitment by the founding team; some business scenarios also need to lock some tokens as collateral for value.”
Changpeng Zhao, CEO of Malta based Binance, the world’s largest cryptocurrency exchange by volume, has warned that institutional demand for bitcoin may not be driving the latest rally and the already extreme volatility could get even worse. In his statement, “I would say the majority of people by the end of the year will be using margin in some capacity…There will be more trading volume and potentially higher volatility.”