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CZ Responds to Binance Hack

It’s been an eventful 24 hours for the crypto space, with Bitcoin holding steady at just under the $6,000 mark and, of course, the Binance hack. Yes, it seems that one of the biggest crypto exchanges has suffered a large scale cyber attack which resulted in the theft of 7000 Bitcoins worth almost $41 million from the popular platform. The exchange officially announced that they had been the victim of a brutal attack due to a security breach on Tuesday and explained that the hackers had somehow obtained “a large number of user API keys, 2FA codes, and potentially other...

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Binance’s ‘Lunch For Children’ Program is Saving Ugandan Schools

The Binance Charity Foundation intends to expands the number of schools it works with in Uganda, providing their pupils with free lunches. Binance Charity Foundation is a blockchain-powered branch of the Binance crypto exchange that deals with non-profit organisation. Yesterday, April 4th, the exchange published a blog post in announcing that ten new schools in Uganda have been added to the Lunch for Children program. This program started late last year with the first educational organisation the foundation began to support being the Jolly Molly Centre in the Ugandan capital of Kampala. Binance are now going to be adding ten...

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New Format On The Way For Binance Launchpad

In the next Binance Launchpad project, participation will be conducted through a lottery format. This move comes after there were numerous complaints within the community in regards to the technical issues during the past three token sales. Now, lottery tickets will be allocated based on the amount of Binance Coin a user is holding. Earlier this week, it was reported that Changpeng Zhao, the CEO of Binance hinted for a new model for conducting Binance Launchpad sales which would give a reason for Binance Coin users to become holders. A few days later, CZ’s plan seems to have become reality...

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Binance Coin Triples Its Value In Outstanding Performance

Something has happened with the crypto space over the past few weeks. Bitcoin surged over $4,000 but has since sunk back to its current price of $3,929. However, when it comes to Binance, the cryptocurrency boom seems to be well and truly alive. Binance is the biggest exchange for crypto and digital assets by trading volume and their cryptocurrency, Binance Coin is one of the hottest coins in the space right now. Over the past three months, the digital asset has more than tripled in value around the $15 mark which is a big improvement in comparison to the other...

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CZ Discusses BNB, Binance Chain & XRP In New AMA Session

Earlier this week, the CEO and co-founder of Binance, Changpeng Zhao held his second AMA (ask me anything) session on Periscope. We’re going to look through some of the main highlights and discuss some of the most interesting comments on Binance’s delisting policy and procedures as well as Binance Coin, Binance Launchpad, the chain and even Ripple’s native token, XRP. Delisting Process Starting out the AMA session, the Binance co-founder, commonly known as just CZ, pointed out that delisting is something that “has to be done”. The CEO explained that Binance has got specific criteria for projects which they must...

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