Binance Smart Chain has become somewhat of a hot topic amid DeFi gem seekers in the past few weeks. The network saw an influx of new projects, reminiscing of the early days of the DeFi craziness last summer. In any case, hours ago, the community was shocked earlier today when news broke out that one...Read More
In a document filed with the United States District Court of New Jersey, Binance dropped the lawsuit filed against Forbes in November 2020. The case was in response to Forbes’ story, where it alleged that the cryptocurrency exchange was brewing plans to exploit United States investors through a sham company. Binance, through its attorneys, Peter...Read More
Along with the growth witnessed by Bitcoin, altcoins have been leveling up too. One of the major altcoins in the market Polkadot’s DOT token has been surging since the beginning of the year with mild consolidation. With a market capitalization of $19.22 billion, the digital asset was being traded at $21.20, close to its all-time...Read More
Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance. CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated...Read More
Crypto-exchanges faced technical issues once again today, as system traffic reached all-time highs. CZ, CEO of Binance, took to Twitter to address connectivity issues on the platform, stating that all funds are SAFU. Binance also faced up to two-minute delays for account/trade data when queried from the API. All time high on system traffic again....Read More
Binance established Binance Smart Chain [BSC], a new blockchain a while ago and it has become popular among users. The platform that already homes over 100 projects has added a new service to BSC to keep up with the demands of its users. According to Binance Smart Chain news, Binance added delivery of ETH 2.0...Read More
It has been another bullish week for Binance Coin as the asset rallied from $36 on the 22nd of January, to $44 on 31 January. While the token has been here before, on the long-term chart, the potential of another correction arises. At press time, Binance Coin had a market cap of $6.9 million, as...Read More
After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem. CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed...Read More
Flare Networks is in the news today after it announced that it will integrate Dogecoin (DOGE) prior to the launch of its Mainnet. This development will allow Dogecoin to be used on Flare, along with scalable EVM-based smart contracts. Interestingly, Flare’s decision to integrate DOGE was based on the results of a community poll held...Read More
Binance Futures is in the news today after it announced the launch of a DOTECO (Polkadot Ecosystem) Composite Index perpetual contract. The DOTECO Composite Index perpetual contract is a USDT-margined Futures contract that uses USDT as collateral. According to the said announcement by one of the market’s biggest crypto-exchanges, the DOTECO Composite Index is denominated...Read More
The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field. Binance And Orbs Sponsor DeFi Accelerator The Malta-based digital asset exchange announced...Read More
The 2021 alt season may have kicked off with Ethereum’s high OI. Currently, the open interest in Ethereum is higher than $3.5 Billion. It is a rare occurrence that a bullish trend emerges so clearly in Ethereum, but Bitcoin’s price rally has supported the trend. During the past weekend, the OI broke all records and...Read More
On the one hand, Bitcoin’s price breaking above $34,000 and $35,000 might have started an endless debate on whether there will be a spillover to other cryptocurrencies or not. On the other hand, another critical debate relates to the whale movement associated with the market’s top cryptocurrencies. This is a crucial debate, especially since the...Read More
The crypto trading giant has set a new all-time high in 24-trading volume, exceeding $80 billion on both the spot and derivatives platforms. In total, more than $180 billion has been traded across the entire crypto market in the last 24 hours as of press time. Binance Trading Volume Records New ATH Tweeting on Monday...Read More
The world’s leading cryptocurrency exchange Binance has launched a “European-style” Vanilla Bitcoin Options contracts priced and settled in Tether (USDT) aimed at institutional and advanced investors. European-style BTC Options on Binance The Malta-based cryptocurrency exchange announced the latest addition to its portfolio of digital asset products in a press release shared with CryptoPotato. The announcement...Read More
Binance KR, the South Korean wing of crypto-exchange Binance, announced today that it will be closing down. All new registrations and deposits will be closed on 24 December 2020, while withdrawals will close on 29 January 2021. In light of such a development, non-Korean citizens who have BKRW at Binance.com will be able to trade...Read More
Binance has announced support for Binance Vietnamese Dong [BVND], a BEP2 stablecoin pegged to the Vietnamese Dong [VND]. BVND will be available for direct purchase and redemption at a 1BVND = 1 VND rate. The announcement added: “Binance will list Binance VND (BVND) and open trading for BUSD/BVND and USDT/BVND trading pairs at 2020/12/18 12:00...Read More
Crypto Wallet company, MathWallet just closed a $12 million Series B round of funding led by Binance Labs, the venture capital and incubator of Binance. The investment round is expected to strengthen MathWallet’s future innovation in DeFi and the blockchain space. This is also a part of Binance Labs’ ongoing initiative to promote DeFi, to...Read More
Binance and Coinbase, two of the leading cryptocurrency exchanges, experienced technical issues in the past few hours, and users were unable to log in. The problems coincided with bitcoin breaking into uncharted territory above $20,000 for the first time. Bitcoin’s Surge Causes Issues On Binance and Coinbase As CryptoPotato reported earlier today, the primary cryptocurrency...Read More
The leading cryptocurrency exchange Binance has expanded its partnership with the blockchain-based provider of sports and entertainment entities, Chiliz. The first direct result of this will be the distribution of Juventus and PSG Fan Tokens through Binance Launchpool. Binance Doubles-Down On Chiliz The Malta-based giant trading venue announced the new endeavor in a press release...Read More
XRP holders are eligible for the upcoming SPARK token airdrop. Below is everything you need to know about it and the exchanges that have announced support for it. The XRP community is getting excited about the SPARK (FLR) token airdrop as the date draws near. Only users who hold XRP are eligible for the airdrop,...Read More
Binance has been expanding its peer-to-peer trading list. It has announced the addition of not one but four fiats to its P2P trading platform. It has now added Myanmar Kyat [MMK], Lao Kip [LAK], Cambodia Riel [KHR], and Sri Lanka Rupee [LKR] and these fiats will trade against Bitcoin [BTC], Tether [USDT], Ethereum [ETH], Binance...Read More
Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading. Its synthetic stablecoin asset, sUSD tracked the value of the USD Dollar and has also been experiencing a high demand on lending platforms, as noted by Synthetix. Looking at the rise in demand for sUSD [SUSD], Binance has announced to add...Read More
Ethereum has taken its first step towards Proof of Stake [PoS] today, with the Beacon Chain going live. The excitement was visible all across Twitter as people celebrated the new beginning for ETH. Adding to this celebration, Binance, one of the largest cryptocurrency exchanges, launched ETH 2.0 Staking service from 2 December. The announcement noted:...Read More
Major crypto exchange, Binance, announced that they will be adding DAI and removing EOS from their Peer to Peer (P2P) trading platform. In the announcement, Binance stated that all EOS advertisements should be removed by 4:00 AM on November 27 and all EOS tokens should be transferred from the P2P wallet to the spot wallet....Read More
The cryptocurrency market has been expanding in terms of the value of most digital assets and its overall market capitalization. As investors receive increased returns, the demand for cryptocurrencies has also been increasing throughout the world. Keeping up with this demand, Binance P2P has announced the launch of Express mode. Express mode will allow users...Read More
In what is a breaking development, Binance Holdings Ltd. today filed a defamation suit against Forbes Media LLC before the U.S District Court of New Jersey. Representing the Changpeng Zhao-led Binance, arguably the world’s biggest crypto-exchange, the petitioner is suing Forbes and two of its journalists over a story they published last month. .@binance sues...Read More
Brian Kerr, Co-founder and CEO of Kava Labs, is in the news after he recently asserted that by the end of 2021, DeFi as a general topic will move beyond its initial hype phase. However, this being said, Kerr added that there will still be some growth in specific areas – in particular, cross-chain products,...Read More
In an official announcement, cryptocurrency exchange Binance, said it has offered the promised bounty of $200,000 to certain private investigators, who remain unnamed, for compiling a report that identified one of the alleged attackers and provided information on the specifics of the attack. Earlier, the exchange had decided to reward anyone who “supplies information that...Read More
The cryptocurrency space is still considered to be in its early stages as many projects strive to overcome traditional finance barriers. In March, Ethereum-based crowdfunding platform, Gitcoin pledged $50,000 in development grants towards coronavirus-related initiatives and ever since has been aiming to improve the state of the ecosystem from public health projects to projects to...Read More
