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Binance Coin (BNB) Pops as Exchange Doubles Referral Bonus

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Seemingly out of nowhere, Binance Coin (BNB) has exploded over the past 24 hours while the rest of the market stagnates in a growing sea of red. After a series of negative headlines wreaked havoc on the market for the last week(s), Binance Coin (BNB) has been chosen as the favorite currency to lead investors from the darkened corners of the altcoin market, and into the light of positive returns.

The market FUD leading to the current lows across the market came in with a tidal wave of bad news recently. The news cycle began hammering the crypto-universe with stories of Warren Buffet and Charlie Munger repeating their uneducated views on the state of our favorite crypto-company. Calling out Bitcoin (BTC) as a bad investment, old Buffett stirred the alternative currency pot once again expressing more than just general unease about investing in the most famous cryptocurrency. His unease was taken to another level, however, by Berkshire Hathaway’s Vice Chairman, as this ancient curmudgeon likened investing in the market to “trading freshly harvested baby brains.”

Like clockwork, in a seemingly scripted repeat of the market crash from earlier this year, within a week of negative publicity espoused from these shameful fiat cheerleaders, the South Korean government hammered the market with a raid on UPbit, an increasingly popular market responsible for a hefty portion of investments on their side of the world. While UPbit has been found to have done no wrong since the incident, clearing the exchange of the government’s accusations of deceit through an extensive audit, the damage nevertheless was done, and markets sank lower. Finally, if these stories weren’t enough, in an effort to affect market value in an overreach of epic proportions, the Securities and Exchange Commission (SEC) targeted the likes of Ripple (XRP) threatening to weigh in on whether their currency should be considered a security.

With true elegance and grace, however, Binance (the world’s most popular altcoin exchange) has looked straight into the face of market FUD, facing the negativity head-on and lighting a candle for the hodling masses. With a show of strength, Binance has doubled their referral rewards, exciting investors and shining a light on the path to market recovery. With the news, Binance Coin (BNB) has shot up nearly twenty percent, raising the value of the currency alongside the hearts of the crypto community.

With a staggering list of popular currencies to choose from, Binance became known as the fastest-growing startup in history, reaching a billion dollar valuation with record speed earlier this year. The cryptocurrency associated with the exchange, Binance Coin (BNB), is used by participants to cut their fees in half when trading in and out of altcoins on the platform. And with regular coin burns, increasing platform stability and the constant additions of popular currencies, Binance and Binance Coin (BNB) are seen as must-have’s for investors clamoring to trade on our favorite exchange.

Binance Coin (BNB) is now sitting at $US 14.97 and may continue to gain value over the coming day(s). In February, the currency had fallen under US $6.00, crashing along with the entire coin market. The trend however now seems clear, and the current rise of this exchange-based cryptocurrency is bolstering the wallets of a brand new investor class. It would not be too far of a stretch to perceive a near-term future where this popular currency reaches a new all-time high. That reality may come sooner than anyone expects as we enter the next bull run. Get ready.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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