Notes 01/04: Bitcoin Price, Staking Tokens, and stBNB

Bitcoin price is loitering aimlessly in anticipation of crypto’s next big scandal. The cryptocurrency is changing hands at $16,820.90, up by almost 1 percent from its price a day ago, as of this writing. That’s decent range-bound performance from an asset whose credibility has been pummeled by numerous collapses in its ecosystem in the last six months. “You are not going to have a major … Continue reading Notes 01/04: Bitcoin Price, Staking Tokens, and stBNB

Notes 12/21: Binance’s BNB Token – 1

In recent months, Binance has attempted to position itself as a leader of the crypto ecosystem after FTX’s collapse. But its moves have had the opposite effect and drawn attention to problems at the world’s biggest cryptocurrency exchange by trading volume. Investors, fearful of another collapse, are pulling out their funds from the exchange, feeding speculation that it might become the next domino to fall. … Continue reading Notes 12/21: Binance’s BNB Token – 1

Binance Starts User Registrations for U.S. Operations Tomorrow

Binance will start taking registrations for its U.S. trading service, starting tomorrow. The exchange will accept deposits of Bitcoin, Ethereum’s Ether, Ripple’s XRP, Bitcoin Cash’s BCH, and Tether’s USDT on its platform tomorrow morning. Trading will begin once there is sufficient liquidity to create a market for crypto pairs. In accordance with AML and KYC regulations, the exchange will require identification in the form of … Continue reading Binance Starts User Registrations for U.S. Operations Tomorrow

Binance, World’s Biggest Crypto Exchange, Invests in Outdated News Site

The world’s biggest cryptocurrency exchange Binance has participated in the latest venture funding round for Mars Finance, a crypto news and media site that hasn’t been updated since this past January. Bloomberg first reported the news. On its Crunchbase page, Mars Finance describes itself as a news and reporting platform that “provides free and publicly accessible hosting services for blockchain and cryptocurrency reference material, market … Continue reading Binance, World’s Biggest Crypto Exchange, Invests in Outdated News Site

Binance Receives NYDFS Approval for Stablecoin Backed By US Dollars

Binance is on a roll. The world’s biggest cryptocurrency exchange by trading volume said Thursday that it had received approval from the New York Department of Financial Services (NYDFS) to launch a stablecoin (a cryptocurrency pegged to a fiat currency or a basket of goods) backed by the US dollar. The stablecoin, which will have a 1:1 ratio with its fiat equivalent, is called BUSD … Continue reading Binance Receives NYDFS Approval for Stablecoin Backed By US Dollars

Binance Plans to Finalize Futures Trading Platform with Competition

The world’s biggest exchange Binance is moving into futures trading. The Malta-based exchange announced Monday that it had acquired JEX – a Seychelles-based trading platform that offers spot and derivatives trading solutions for crypto. “JEX will join the Binance ecosystem as Binance JEX and focus on further building the cryptoasset derivatives market, providing Binance users with professional services including futures contracts, options and other derivatives … Continue reading Binance Plans to Finalize Futures Trading Platform with Competition

China’s Central Bank – Backed Digital Currency May Be Delayed

China’s digital currency, which was reported to be launching as early as November 11 earlier this week, may take time. A research team from the world’s biggest crypto exchange, Binance, found that the Chinese central bank does not appear to be very committed to it. The currency does not have a technical roadmap yet, making it difficult to achieve a November 11 launch. China has … Continue reading China’s Central Bank – Backed Digital Currency May Be Delayed

Binance Starts Crypto Lending Program

The world’s biggest cryptocurrency exchange Binance has started a crypto lending program with teaser rates of between 7% to 15%. The teaser rates are for BNB (Binance exchange’s token), Tether, and Ethereum Classic, and they are valid for a limited 14-day period. In crypto-lending, users lend their idle cryptocurrency to exchanges or service providers for a certain period of time and earn interest on it. … Continue reading Binance Starts Crypto Lending Program

Binance Announces Plans To Launch Local Stablecoins

Binance, arguably the world’s biggest exchange by trading volume, has launched an initiative to develop local stablecoins, or digital coins backed by local fiat currencies. The stablecoins will be designed in consultation with central banks and governments and will be available on a blockchain project called Venus. The Malta-based company is seeking partnerships with global corporations, tech firms, and governments for the project. Yi He, … Continue reading Binance Announces Plans To Launch Local Stablecoins

Binance Will Launch U.S. Exchange by November

Binance, the world’s biggest exchange by volume, will be launching its US operations by November. “There’s a lot of work going on….I would say in a month or two,” Changpeng Zhao, or CZ as he is popularly known, told online news publication Cheddar when asked about a possible launch date. Binance has partnered with BAM Trading Services, a firm that is registered with FinCEN as … Continue reading Binance Will Launch U.S. Exchange by November

Binance Is Considering Listing 30 Coins On Its Proposed Exchange

Cryptocurrency exchange Binance is evaluating 30 coins for listing on its proposed US subsidiary. The Malta-based exchange is arguably the world’s biggest cryptocurrency trading exchange by volume. Last month, it announced plans to launch an exchange in the US and has taken steps to ensure compliance with regulatory authorities. The exchange’s list of coins that it is evaluating is fairly extensive. It consists of established … Continue reading Binance Is Considering Listing 30 Coins On Its Proposed Exchange

Binance Announces Bitcoin-pegged Token For Cross-Chain Trading On its Decentralized Exchange

Binance, arguably the world’s biggest exchange by trading volume, is launching a token pegged to Bitcoin. The aim is to make Bitcoin accessible to traders on its decentralized exchange, Binance DEX. Centralized custodians and institutions to match buyers and sellers are absent in decentralized exchanges. Instead, an algorithm directly matches buy and sell orders between traders, significantly reducing costs and time associated with trading. Within … Continue reading Binance Announces Bitcoin-pegged Token For Cross-Chain Trading On its Decentralized Exchange

Binance Blocks U.S. Traders

Hong Kong-based Binance, which recently announced plans to set up US operations, has blocked US customers from trading on its exchange. The company has changed its user agreement to state that it was unable to serve U.S. customers. Existing customers have until Sep. 12 to comply with the new terms. They can also make deposits on the exchange. U.S. customers of the exchange could earlier … Continue reading Binance Blocks U.S. Traders

Binance, the World’s Biggest Cryptocurrency Exchange, Is Coming to the United States

Binance, the world’s biggest cryptocurrency exchange by trading volume, is planning to expand operations in the United States, according to a Coindesk report. While the exchange did not provide a firm timeline for the launch, it did reveal partnership with a San Francisco-based money services business called BAM Trading for the move. Coindesk found that BAM Trading has links to Binance through Koi Trading, which … Continue reading Binance, the World’s Biggest Cryptocurrency Exchange, Is Coming to the United States