Defiant Binance CEO Insists ‘We Aren’t Short on Funds’ after $40 Million Hack

By CCN.com: Binance CEO Changpeng Zhao says that the exchange is not hurting at all after the $40 million hack that reportedly took place earlier today, in which hackers managed to withdraw around 7000 BTC. He encouraged anyone that wanted to make donations to make them instead to Binance Charity, during a live stream on …

WeChat Bans Bitcoin, Binance CEO Explains Why It’s Bullish for Crypto

By CCN: Always the optimist, Binance CEO Changpeng “CZ” Zhao sees a silver lining in the wake of WeChat’s recent ban on crypto trading activities. According to a tweet today by Dovey Wan, founding partner of Primitive Ventures, the Chinese social media company released an updated payment policy which states that it will terminate merchant …

Ex-Minnesota Vikings Owner Ensnared in Massive Bitcoin Scandal

By CCN: One of bitcoin’s biggest scandals just keeps growing more bizarre, as reports now indicate that former Minnesota Vikings co-owner Reginald “Reggie” Fowler finds himself ensnared by the scheme. The U.S. Justice Department charged Fowler – who also helped bootstrap the now-defunct Alliance of American Football – over his role in concocting a shadow …

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time. Ranking Exchanges Beyond Their …

Tim Draper-Backed Email Paywall BitBounce Attracts 4 Million Users

By CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on crypto mainstream adoption given its immediate real-world use case. He …

Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something …

Blockchain-Challenged Authorities Take Down Crypto’s Largest Dark Web

By CCN: It appears safety standards for criminals on the dark web are shrinking quickly. Following a series of raids in both Germany and the United States, American and European officials have succeeded in taking down what they call one of the world’s “largest online criminal trafficking operations.” The problem is it took authorities two …