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Binance Allows Traders To Short Binance Coin (BNB) With 50X Leverage

The world’s leading cryptocurrency exchange has just announced its intentions to launch the BNB/USDT perpetual contract. This will essentially enable users to short BNB. Up until now, they only had the option to trade BNB on the regular spot exchange.Short BNB With 50X LeverageIn what seems to be a very interesting move, Binance has just announced that it will launch another perpetual contract to its futures platform. This time, however, the cryptocurrency exchange is launching its native...

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XRP Price Is Stable as BitMEX Launches XRPUSD Perpetual Swap

BitMEX is the largest exchange offering cryptocurrency derivatives, according to some outlets. Users will get one more trading opportunity on 5 February 2020, 04:00 OTC. The XRP swaps will be available, with the coins traded against USD with up to 50x leverage. It is said in the BitMEX announcement from 4 February 2020. Per the announce:“Symbol: XRPUSDExpiry Date: PerpetualBitcoin Multiplier: 0.0002 XBT (20,000 Satoshis)XBT Contract Value: XRPUSD Price * Bitcoin Multiplier (20,000...

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Ethereum Price Analysis: ETH Approaching Key Uptrend Support

Ethereum price climbed higher nicely and traded to a new 2020 high at $195 against the US Dollar.ETH price is currently correcting lower and it broke the $190 support level.There is a major bullish trend line forming with support near $185 on the 4-hours chart (data feed from Coinbase).The price is likely to bounce back after testing the $185 support area and the trend line.Ethereum price is trading in a nice uptrend above $185 and $178 against the US Dollar. ETH/USD is likely to resume its...

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Next Generation: Bitfinex Launches Lightning Network Bitcoin Deposits On Its Mobile App

The Hong Kong-founded popular cryptocurrency exchange, Bitfinex, has recently launched the newest version of its mobile app, which comes with Bitcoin deposits utilizing the Lightning Network.The update for the mobile app comes less than two months since the exchange added support for the Lightning network to its web platform.The Lightning Network Comes On MobileInvented back in 2015, the Lightning Network intends to serve as Bitcoin’s off-chain scaling solution. Essentially, it allows people...

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The IOTA Week: The Positive News That Can Explain IOTA’s 40% Surge Over The Past 7 Days

On a day when the rest of the cryptocurrency market is trading in red, IOTA investors are bagging profits as the 18th largest coin recorded an incredible daily 10% increase in the last 24 hours, which completes almost 40% price gain in the past seven days.And if you were wondering, IOTA had seen more than 100% increase since the new decade. At the time of writing, IOTA has slightly retracted and is trading at $0.338 with a market cap of approximately $941.5 million.IOTA-USDT (Binance) 30-days...

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XRP Price Surges Beyond $0.25 after Ripple Unlocks 500 Million Tokens from Escrow

The XRP token had a great start to the week following a 2.82 percent surge in price after Ripple, the company that is using the cryptocurrency in its solutions, released 500 million tokens from an escrow account on Feb. 1, at least according to data provided by resource monitoring website Whale Alert.In the last 24 hours, XRP price has spiked from $0.2460 to its current price of $0.2522, CoinMarketCap data shows. XRP’s gains extended across the board to other altcoins particularly those in...

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Top 5 Cryptocurrencies to Follow in 2020

The total number of cryptocurrencies crawling all over the crypto space is now no less than a thousand. And more cryptocurrencies are rising by the minute.A little more than a decade since the first digital currency and we’ve had cryptocurrencies that failed their hyped potential and other ones that surprised us. In this article, we will be listing the top five cryptocurrencies you are better off paying attention to at the start of a new decade.We will touch on the past history, performance,...

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Block.one Issues SEC Presentation and Reveals Voice Platform Updates

According to the post by Block.one, company representatives attended the government buildings to discuss the future of Voice. Per the announcement:“In December of 2019, we sat down with the U.S. Securities and Exchange Commission in Washington D.C. to discuss our vision and plans for Voice: what it is, what we are trying to achieve, and how the tokens will work.”The company states that it has no right to publish all the related information. However, they will take all the necessary steps...

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Bitcoin Price Could Reach $27,000 in 180 Days as Halving Is Just 100 Days Away

Tom Lee is a person who always gives positive price predictions when it comes to Bitcoin. But now, there’s a bunch of other people claiming that Bitcoin halving might be not good for the Bitcoin price dynamics.He thinks that the technical analysis, as well as the core principles of Bitcoin, show that the price should go up. His agency Fundstrat gains up to 193% of easy profits out of Bitcoin. Per Tom Lee:“Yes, 2020 should be great for Bitcoin. Because you got, number one the Halving happening...

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Tether Gold Stablecoin Gets Margin Trading Option with Leverage on Bitfinex

Traders of Bitfinex got the ability to trade the stablecoin XAUT with a maximum of 5x leverage. Bitfinex also pumps up BTC/USD margin trading pair to the same maximum.Last week Bitfinex presented a new stablecoin Tether Gold. It is backed by the gold bars hidden in the unknown Swiss vault. Tether claimed that they have ‘direct access’ to the vault. The margin trading option as announced on Tuesday, against the U.S. dollar, Tether and BTC. The initial equity can be 20%.Margin trading will...

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