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“# Binance launches African affiliate program after Uganda subsidiary closes ” The world’s largest cryptocurrency exchange is launching a new affiliate program in Africa after announcing the termination of its Uganda-based service. On Nov. 3, Binance officially announced the launch of the Binance Africa Affiliate Program aiming to promote Binance across the region. According to…
“# Leverage is fueling Bitcoin’s rally to highest price since January 2018 ” On Nov. 4, crypto data market aggregator CryptoQuant published a chart indicating Binance’s Estimated Leverage Ratio — open interest divided by Bitcoin (BTC) reserves — has pushed into new all-time highs. The record was set on Nov. 3 after a spike in…
“# CZ and Vitalik agree blockchain based voting is a must ” Binance’s chief executive CZ and Ethereum’s co-founder Vitalik Buterin are in furious agreement that a new blockchain-based voting system is required to improve democratic processes in the United States. But one won’t be as easy to implement as many think. Responding to prolonged…
“# Binance takes credit for thwarting an attempted exit scam on its blockchain ” Binance announced Wednesday the successful recovery of $344,000 in funds from the attempted exit scam of Wine Swap, a project on the Binance Smart Chain (BNB). Wine Swap was an automated market maker platform similar to Uniswap that launched on Oct….
“# Binance CEO denies allegations that the exchange’s US arm is a regulatory decoy ” Changpeng Zhao, CEO of Binance, is pushing back hard against allegations that the crypto exchange set up its U.S. arm to circumvent regulations and surreptitiously profit from investors. According to an Oct. 29 article from Forbes contributor Michael Del Castillo,…
“# Binance exchange partner Simplex rolls out Tether to euro offramp ” Simplex, a major crypto-to-fiat payments provider, is adding another fiat offramp to enable its partner exchanges like Binance and Huob to sell major stablecoin Tether (USDT) to the euro. According to an Oct. 29 announcement, Simplex has rolled out new Tether (USDT) offramps…
“# Binance VC arm leads $1.3M raise for decentralized streaming protocol ” Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music…
“# For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M ” On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years. Source: Glassnode. Nexo co-founder Antoni Trenchev opined to Cointelegraph that this trend is driven by…
“# Binance Jersey shuts operations less than two years after launch ” Binance, the world’s largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey. Binance launched its platform in Jersey as part of its expansion drive to tap into the European markets. On Jan. 15, 2019, the exchange announced…
“# Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume ” A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space. In its September exchange…