Tag: Binance

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Bot-traded futures, explained

How do bot-traded futures work, what are the top tips for success, and what are the common pitfalls to avoid? This explained article reveals all. How popular are trading bots in the crypto market right now? According to TradeSanta, demand for trading bots has increased substantially of late. The latest figures from the platform’s website…
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Binance has appointed new head of ‘Greater China’

It’s not entirely clear when Terence Zeng assumed his leadership role, though the appointment appears to have been recent. Following the high-profile appointment of Brian Brooks to CEO of Binance.US, it has come to light that the Malta-based parent company has reshuffled its executive leadership by appointing Terence Zeng as head of Greater China. Zeng…
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NFTb launches NFT marketplace focused on environmental sustainability

The new marketplace is said to provide a more affordable option for artists launching digital artwork and other rare collectibles. It also lets them donate a portion of their proceeds to charities. NFTb, a nonfungible token platform built on the Binance Smart Chain, is launching a new version of its marketplace focused on supporting social…
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Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

The total value locked in Venus soared to a record $11.1 billion as DeFi users flock to the platform in search of attractive yields. Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One…
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Record $600M BNB burn suggests Binance made $750M in profit in Q1

Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit. Binance Coin (BNB) saw its 15th burn to date on April 16. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits.…
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Messari researchers slam Binance Smart Chain over centralized validators

With Binance Chain’s 11 validators hand-selecting Binance Smart Chain’s validators daily, analysts are warning of the protocol’s centralization. Despite Binance supporters celebrating Binance Coin’s (BNB) chart-topping performance for Q1 2021, concerns are growing regarding the centralization of the Binance ecosystem. On April 12, Messari researcher Ryan Watkins took aim at the centralization of Binance Smart…
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Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage

The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a ‘weapon’ of China (but no one cares), and CZ’s net worth rises to $1.9 billion. Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into…
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Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO

Binance Coin, WazirX and KuCoin Token have notched double-digit gains after centralized exchanges added lucrative staking opportunities and quickly listed new DeFi tokens. Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8…
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3X as many crypto figures make it onto Forbes 2021 billionaires list as last year

Twelve crypto billionaires have made the Forbes list for 2021, with Sam Bankman-Fried the leader in crypto with a net worth of $8.7 billion. Forbes released their annual billionaires list on April 6, with Amazon overlord Jeff Bezos and his $177 billion topping the list for a fourth consecutive year. Announcing Forbes’ 35th Annual World’s…
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Are we just scratching the surface when it comes to what NFTs are capable of?

Counterfeiting, piracy and copyright infringement are all big problems in the digital realm. Could turning products into NFTs help solve some of these issues? Since bursting into mainstream consciousness in 2021 — and even being the subject of a parody on Saturday Night Live — nonfungible tokens have become best known for serving as a vehicle…
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