Bitcoin kissed the $10K mark goodbye this week as the cryptocurrency dropped to as low as $8,800 on Thursday, reaching the trend-line that was forming since the massive drop in March. As expected, BTC received strong support in that area, and its price quickly recovered to around $9,200, where it’s currently trading.The dump started suddenly as Bitcoin’s price flash crashed on Bitstamp and reached $9,100 in less than a minute. Even though it recovered after that, it turned out to be an...
Read More »Two Major Binance Launchpad IEOs Launch Staking
The growing interest towards staking has pushed the blockchain-based project Harmony to begin implementing it as well. Interestingly, another popular project which had its IEO on Binance Launchpad, namely MATIC Network, also recently elaborated on its staking service developments.Harmony Will Support StakingHarmony utilized the Binance Launchpad to have its IEO nearly a year ago. Now, in a press release shared with CryptoPotato, the company announced the upgrade of its mainnet to support...
Read More »Binance Exchange Is Back To China, But It’s Not What You Think
Leading cryptocurrency exchange, Binance is back to China after leaving the country in 2017 due to the ban on crypto trading activities. However, the exchange’s return to China is not for crypto. It is to promote blockchain research and development in the region and across the world. “Binance China” Platform Goes Live Local media reported yesterday that Binance has officially launched a Binance China website. The domain name was registered with the Chinese government as “Binance.cn” in April...
Read More »Binance Savings: Binance bietet ab sofort Zinsen auf IOTA und ONT
Binance Savings Binance fügt seiner Plattform im Moment immer weitere Funktionen hinzu und scheint vorerst kein Ende zu finden. Mit Binance Savings (* Gutschein-Link unten im Artikel) sollen die Benutzer Zinsen erhalten können, indem sie ihre Kryptowährungen nutzen. Die Funktion steht derzeit für Kryptowährungen wie Litecoin, Bitcoin und Ethereum, aber auch für Ontology und...
Read More »There’s No Manipulation In CoinMarketCap’s Recent Ranking Changes, According to CZ Binance
Binance CEO Changpeng Zhao (CZ) claimed in a blog post that all projects within the Binance ecosystem operate independently from each other to some extent. CZ outlined that no person nor entity can affect CoinMarketCap’s new ranking system for exchanges, which placed Binance at the first spot.CZ: CMC Works IndependentlyAfter Binance acquired the data tracking company CoinMarketCap in April, both organizations launched a new ranking system for exchanges dubbed Web Traffic Factor. By combining...
Read More »Coinmarketcap Introduces Crypto Exchange Ranking By Traffic: Guess Who Is In The Lead
In an attempt to provide more accurate information regarding cryptocurrency exchanges, the popular data tracking website CoinMarketCap has launched exchange ranking by web traffic.Interestingly, Binance, the company which recently bought CMC, is currently occupying the first spot with a perfect score.CMC Evaluates Exchanges By Web TrafficFake volumes from cryptocurrency exchanges have been a reasonably bothersome topic within the community. CoinMarketCap has been implicated previously in...
Read More »Changpeng Zhao: Bitcoin Use Is About to Explode
The past few weeks have been relatively up and down for bitcoin, the world’s number one digital asset by market cap, but for Changpeng Zhao – CEO of Binance, the most popular and largest crypto exchange across the globe in terms of volume – the good news is just getting started for BTC.Changpeng Zhao Thinks Use Will Increase for BTCDuring the last few months, there has been serious hype surrounding the bitcoin halving, which occurred roughly 48 hours ago. For the most part, the leadup to the...
Read More »Binance Rolls Out Leveraged Tokens Barely Two Months After Delisting Similar Tokens By FTX
Leading cryptocurrency exchange Binance is rolling out new leverage products called “Binance Leverage Tokens (BLVT),” two months after delisting FTX’s Leveraged Tokens.Binance Leveraged Tokens – BTCUP and BTCDOWNLeveraged tokens are designed to give traders exposure to the crypto markets without the nitty-gritty that comes with managing a leveraged position.Launching this week, the exchange will list the first pair of the Binance Leveraged Tokens – BTCUP and BTCDOWN – on May 14, for trades in...
Read More »Binance Insurance Fund Got Into Action Using $13 Million During Sunday’s 20% BTC Plunge
The insurance fund of Binance which protects its users from auto-deleverage liquidations on the Binance Futures platform used more than $13 million following the most recent crash in Bitcoin’s price. The exchange has stated that it intends to add $30 million more to the fund in order to keep protecting its traders.$13 Million To Protect Users In Recent Bitcoin Price CrashBinance Futures continues to establish itself as a leading platform for Bitcoin and cryptocurrency derivatives trading.Its...
Read More »Binance Praises Libra, Says It Will Revolutionize Payments
Binance – the world’s largest and most popular cryptocurrency exchange by trading volume – has issued a new report praising Libra.Libra Gets Touted by a Major ExchangeThe exchange refers to Libra as a “gamechanger” in the payments industry and believes that it could potentially bring financial services to people who would otherwise always be cut out by banks and traditional finance institutions. The report explains:It is important to note that there are very few payment systems, and most of...
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