By any standards, Binance has had an extraordinary year. From a standing start it now regularly tops the exchange rankings for highest trade volumes and may be the best known and most influential crypto-exchange of them all, at least as far as traders in Europe and the US are concerned. With domination achieved, Binance is applying a new fee structure, adhering to plans laid out in its original white-paper. And it is not good news for traders. Users of the exchange receive large discounts on trading fees if they pay…

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A decentralised, regulated bank is being set up in Malta. The Founders Bank, which is being backed by Binance, will be funded through the issue of legally binding equity tokens, in what it describes as an ETO, or Equity Token Offering. The fundraising will be run by Neufund, a Berlin-based private equity fundraising platform, which is also a partner in the project. Founders Bank is applying for a banking licence from Malta’s regulator, which would require approval from the European Central Bank. If this is granted it would give the…

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This week Bitcoin.com reached a milestone of a whopping 2.5 million Bitcoin.com Wallets created in less than a year. Since we started our web portal we’ve focused on providing people with world-class resources that fit every bitcoiner’s needs and our simple-to-use wallet is no different. The Bitcoin.com Wallet was launched on August 25, 2017, just a few weeks after the Bitcoin blockchain split that took place on August 1. Since then our light client that supports both Bitcoin Cash (BCH) and Bitcoin Core (BTC) has become very popular and the…

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Leading hardware crypto wallet manufacturer and developer Ledger sold more than 1 million hardware wallets in 2017, recording a profit of $29 million. In an interview with Forbes, Ledger president Pascal Gauthier stated that the lack of secure platforms which users can utilize to sign transactions on the immutable public blockchain led the demand for Ledger and hardware wallets in general, to rise. “Blockchain itself is secure, but signing on the blockchain is a flaw. If you lose the [private key], there’s no bank looking after your assets or any…

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Singapore-based startup Cryptology is aiming to make crypto transactions simpler and cheaper by building a “next generation” cryptocurrency exchange, which would be among the few that combine crypto and fiat transactions on a user-friendly platform, and offers the additional option of a mobile app. The company also expects to have an edge over rivals by partnering with a payment system that will help seamlessly integrate fiat and crypto transactions and lower fees for users. Web version and mobile app The company says that the web version of the platform is…

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Digital currency sales jumped to US$13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017, Reuters says, citing a report released by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association. This year’s virtual currency sales from 537 coin offerings topped last year’s total of US$7.0 billion, and included mammoth offerings from Telegram, a messaging service founded by Russia-born entrepreneurs Pavel and Nikolai Durov in 2013, and Block.one’s EOS currency, the report said. Telegram raised US$1.7 billion without…

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Jonathan Johnson, a member of the board of directors of Overstock, the $1 billion online retailer based in the US, has stated that cryptocurrency is a much better payment method than credit cards for merchants. Due to buyer protection and the centralized aspect of credit card networks, it is possible for buyers to request refunds and cancellation of payments through third party service providers. Unforeseen payment errors can create legal problems and complicated issues that need to be addressed by both the company and the credit card network operator. Consequently,…

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