Cryptocurrency Exchange Binance Registered 66% Profit Increase in Q1 2019
Major reported $78 million in profits in Q1 2019, up 66% compared to the previous quarter, outlet The Block on April 16.
The claims have been extrapolated by The Block from ’s seventh quarterly coin () burn . Per the report, the 830,000 BNB burned represent 20% of the exchange’s net profits in the first quarter of this year.
The Block notes that this allows for easy deduction of the company’s profits, even though does not release financial reports. The report also notes that in Q4 of last year, the company received about $47 million in net profit.
Coin is currently the seventh-biggest by market cap, according to CoinMarketCap , and reported a loss of nearly one and a half of a percent on the day to press time. According to a on ’s blog, the company has burned 5.82% of the total BNB supply so far.
Recently, a researcher that () and prices could have already hit their lowest point.
As Cointelegraph last week, the annual losses of South Korean crypto exchange Bithumb for 2018 totalled almost $180 million.
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A brand new technical conference is hitting the bitcoin space this week.
Loosely inspired by the well-known workshops, the French bitcoin community will host the conference in Paris, on September 9 and 10. The conference has an explicit focus on security and is targeted at an audience with an understanding of the technical aspects of bitcoin.
“All of the talks and panels will have different angles that all tie in to this theme,” co-organizer Elizabeth Stark told bitcoin Magazine.
The Breaking bitcoin conference was born out of discussions on the, a discussion platform for the growing developer community in France. A group of volunteers, including French bitcoin community member Pierre Lorcery, managing director Kevin Loaec CTO Nicolas Bacca, as well as California-based CEO Elizabeth Stark, decided to organize the technical event.
“The idea was simple,” said Stark, who has previously been involved with organizing Scaling bitcoin workshops. “We made a weekend out of the types of talks we see at developer meetups around the world and invited some of our favorite speakers to Paris.”
Breaking bitcoin’s focus on bitcoin’s security is unique in the space. Where Scaling bitcoin mostly focuses on how to improve the technology in a number of ways, including scalability, fungibility, privacy, and more, Breaking bitcoin instead highlights all the different ways in which bitcoin can be attacked and how these attacks can be defended against.
“Talks will range from social and political attack vectors, to spam attacks, to layer 2 security, to hardware attacks, to secure and usable applications,” Stark said. “This is, as far as I know, the first ever technical conference focused solely on bitcoin security. The goal of the event is to have a true community-driven, cypherpunk conference, and our hope is that we’ve delivered on this.”
Speakers and panelists in Paris include contributors Eric Lombrozo and Peter Todd, developers Amir Taaki and Eric Voskuil, developers Dr. Christian Decker and Laolu Osuntokun, engineer Jameson Lopp, developer Thomas Voegtlin, Venture Capitalist, and many more.
Tickets start at €100 (~$120), with room for up to 300 attendees.
