Tag: Binance

Binance Announces Launch of 4 Polkadot high-yield products and Another Activity

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Leading cryptocurrency exchange Binance announced the launch of four DOT high-yield products, and “Top Up to Share 50,000 DOT” activity on the 21st of October. The period of the aforementioned activity is from the date of roll-out to the 24th of October. During this, users who have a total deposit of at least 100 DOT
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Binance Smart Chain Unique Addresses Nears 250K in Less Than 2 Months

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The Malta-based crypto-exchange Binance is now at the forefront of the DeFi wave despite being a hardcore centralized entity. One of the main initiatives that have helped bolster this is Binance Smart Chain [BSC]. In the latest milestone, the decentralized public blockchain appeared to be nearing $250K in terms of the total number of distinct
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Altcoins Lose Over $4 Billion In Market Cap As Bitcoin Bulls Take Charge

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Over the last 24 hours, the altcoins’ market is in deep red with some top cryptocurrencies losing between 4-10%. As per the charts on CoinMarketCap, the altcoins have lost over $4 billion in combined market cap over the last 24 hours. Among the top ten cryptocurrencies, Chainlink (LINK) has lost the most in percentage terms
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Not hacked: Binance restores web services shortly after downtime

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The Binance exchange website suffered an outage, which has been restored. Users had earlier feared that the exchange was hacked. A few hours ago, crypto traders and investors on the leading cryptocurrency exchange seemed alarmed following a recent downtime in the company’s website services. Many people feared that the inaccessibility of the exchange website might […] …

Cryptocurrency exchange Binance: closing Jersey branch

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Binance is shutting down its Jersey subsidiary less than two years after launching The Jersey branch was launched to tap into more of the European market The subsidiary fell short of financial goals The global leader in cryptocurrency exchange, Binance, has announced its Jersey subsidiary (a British dependency) will be closing imminently with accounts inaccessible […] …

Binance Futures To Launch FIL/USD Coin-Margined Perpetual Contract Despite Ongoing Controversies

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Binance Futures is all set to launch a FIL/USD coin-margined perpetual contract with trading starting from the 20th of October at 7:00 AM (UTC). According to the official blog post, the FIL/USD coin-margined perpetual contract is a futures contract that uses FIL as collateral. Herein, the users will be able to choose between 1-50x leverage.
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Yearn.Finance’s YFI Gets Much-Needed Boost As CREAM Finance Binance Smart Chain Lists Token

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C.R.E.A.M Finance Binance Smart Chain platform announced listing  Yearn.Finance’s native token YFI on its platform on the 18th of October. With this, YFI becomes the 18th token to be listed on the platform. According to the official release, users will have to use a web3 wallet that supports BSC, such as Binance Chain Wallet or
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Filecoin [FIL] Down By Over 50%; Is Filecoin Losing Steam?

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Just a day after Filecoin announced its much-awaited mainnet launch on the 15th of October at block 148,888, Binance revealed ending the zero-interest promotion for borrowing FIL  and its interest rate will be adjusted as per market requirements. This news comes just hours after Binance enabled Isolated Margin trading for FIL and two other assets.
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Binance intercepts DeFi project exit scam, restores $30,000 to investors

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Binance halts a planned plan exit scam on DeFi investors. About $30,000 was lost but restored to Chinese investors. Scammers have been a plague stunning the growth of the nascent decentralized finance (DeFi) space, including the cryptocurrency industry in general. While some scammers could luckily get away with the acts, many of them could still […] …

Fund manager on why DeFi’s Yearn.finance (YFI) dropped 75% from highs

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Yearn.finance (YFI) has undergone a strong decline over recent weeks after a record-setting rally.  According to CryptoSlate market data, the Ethereum-based YFI coin currently trades for $15,800 — a price 65 percent off the all-time high price of $44,000.
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BNB Price Analysis: Binance Coin Increases 7% Following New IEO Announcement

Binance Coin Surged by a strong 7% today to climb above the $30 level for the first time in October 2020. This was likely due to the fact that they announced a new Initial Exchange Offering on their platform. BNB also surged against Bitcoin as it rebounded from 0.00251 BTC to reach 0.027 BTC today.
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Bitcoin Back Above $11K For The First Time In 18 Days: The Crypto Weekly Market Update

Another week has passed, and it’s safe to say it was an intense one. First things first, the major headline is that the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of 100x Group, the parent company of BitMEX, with illegally running a derivatives exchange. Needless to say, BitMEX is one of the […]
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Binance Lists VIDT Datalink [VIDT] On Innovation Zone; Binance Effect Surges Price By 40%

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Leading crypto exchange, Binance announced the listing of VIDT Datalink to its Innovation Zone, thus permitting its certain users to trade newer cryptocurrency token offerings directly from their Binance account, and also protecting less suited investors from being exposed to the potential risks that come with trading them, particularly the new decentralized finance [DeFi] tokens. The official
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Binance Smart Chain Handled 21% of Ethereum Transactions 35X Cheaper

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Yesterday, the Binance Smart Chain registered a milestone by processing 21 percent of Ethereum transactions 35 times cheaper. Binance CEO Changpeng Zhao said this is good news for BSC users and developers and will bode well for the future price of BNB too.
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