Amazing Crypto

Category: Binance

  • Invite-only Binance Bitcoin futures see 150 million USDT volume in 24 hours

    Despite being invitation-only, Binance’s newly launched testnet futures platform saw 24-hour trading volumes of over $150 million in BTC/USDT contracts. Binance futures testnet platform Announced at the beginning of July, the launch Binance’s futures trading platform has been one of the most anticipated events this summer. The platform would challenge the dominance of the incumbent…

  • Top Binance announcements this week and their impact on BNB’s price

    Through constant innovation Binance has maintained its position as a market leader. In today’s new cycle many stories go unnoticed, but here are the exchange’s top announcements this week and their implications on BNB’s value. JEX token airdrop On Sept. 3, Binance revealed that it acquired JEX, a cryptocurrency trading platform offering spot and derivatives…

  • Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

    Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

    Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and…

  • Binance plagiarizes BitMEX’s futures documentation, Changpeng Zhao owns up to it

    Binance’s newly launched testnet futures platform contained a word-for-word copy of BitMEX’s terms and conditions. BitMEX CEO Arthur Hayes ‘jokingly’ pointed out the similarities between the documents and Binance CEO Changpeng Zhao owned the mistake, saying the plagiarism would be promptly fixed. BitMEX takes a sarcastic jab at Binance for plagiarizing documentation One of the biggest cryptocurrency exchanges…

  • Binance’s push to capture the cryptocurrency derivatives and futures market

    Binance acquired JEX, a little-known crypto derivatives trading platform. Concurrently, the exchange is publicly testing two Bitcoin futures platforms. These initiatives are part of Binance’s push to capture the crypto derivatives market and usurp incumbents BitMEX and Deribit. Binance’s Bitcoin futures The world’s largest cryptocurrency exchange announced that its team is developing two futures platforms, in parallel,…

  • Binance’s “regulatory-compliant” stablecoin Venus will learn from Libra’s mistakes

    Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus. Besides compliance, it differs from Libra in that it will primarily focus on partnering with governments in Asia. Binance looking to take on Facebook with a regulatory-compliant stablecoin With the eyes of the entire…

  • Crypto Lending Platforms Prepare to Assail the Banking System

    Crypto Lending Platforms Prepare to Assail the Banking System

    The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come…

  • BNB plunges 10% after Binance admits to data hack

    Binance admitted to leaking sensitive customer data through a third-party vendor which the exchange contracted in late 2017. Although the investigation is still ongoing, the crypto exchange announced it will offer free lifetime VIP memberships to all affected customers. Nonetheless, it seems the price of BNB plunged in response to the admission. Following the announcement…

  • Earn up to 15% interest on BNB, Tether, and Ethereum Classic on Binance

    Binance announced the launch of a lending platform, offering up to 15 percent annualized interest rate for 14-day fixed-term BNB, USDT, and ETC based instruments. Crypto lending comes to Binance Binance, one of the largest cryptocurrency exchanges in the world, officially announced the launch of its lending platform. According to the company’s Aug. 26 blog…

  • The Changing Face of Cryptocurrency Trading in 2019

    The Changing Face of Cryptocurrency Trading in 2019

    The cryptocurrency exchange landscape has evolved significantly in 2019. The number, quality and diversity of exchanges has multiplied, giving traders an unprecedented number of venues to choose from. This smorgasbord of options risks leaving traders overwhelmed, however, as exchanges jockey for supremacy, launching new features and products designed to woo the competition and cement their…