Binance to Report On New BNB Coin Burn

2 220 314 BNB tokens ( approx. $30 000 000 ) were destroyed
16 April 2018   158

The Binance Exchange has reported on the successful third quarterly burning of its own Binance Coin tokens.

Binance
BNB Burn

2,220,314 BNBs were destroye for a total of about $ 30 million, representing 20% ​​of the company's revenue for the last quarter.

As noted by the CEO of Binance Changpeng Zhao, in dollar terms the amount was less significant than last quarter, in Binance Coin - more. He explained this: the volume of trading on the market of crypto-currency, including Binance, has recently declined, which is why the stock exchange collected fewer fees in Fiat. However, the price of Binance Coin also decreased.

At the same time, Zhao notes that Binance Coin's price has been quite good for the other crypto currency, which caused many market participants to view their own exchange token as a tool to protect assets in the period of high volatility.

Binance to Deny Dollar Trading Launch

These reports are "fake news," as company's spokeswoman said
20 April 2018   136

Binance Exchange has denied the information that it will allow its users to buy digital tokens for US dollars. This is reported by Bloomberg.

These reports are "fake news" the company's spokeswoman said in response to a request via e-mail.

Articles that Binance will launch dollar trading flew Twitter and several crypto-currency websites on Friday, along with the prices of altcoins, including EOS and Monero, went up.

Today, 20th April 2018, a number of reports have been published about the addition of dollar trades on Binance, but all of them, in fact, are a reference to an earlier article of the same Bloomberg, published on March 23, in which the CEO of the exchange, Zhao Changpeng, talked about the company's plans to move to Malta , the search for a banking partner and the possible launch of trading under the "fiat cryptocurrency" scheme. Zhao didn't name the fiat currency that can be used in this type of trading.