Category: Binance

Bears scattered as Bitcoin hit $40K, but pro traders remain cautious

July 29, 2021

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Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish investors are this time around, let’s take apart the derivatives data and look […]

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Binance Futures to limit leverage to 20x for existing users

July 26, 2021

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New leverage limits on Binance Futures will soon apply to existing users with registered futures accounts of less than 30 days. 1186 Total views 3 Total shares Binance, the world’s largest cryptocurrency exchange, continues adopting new leverage trading restrictions on its futures platform in a move to expand consumer protection. After introducing a 20x leverage […]

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FXT token taps into Binance Smart Chain following ERC-20 success

July 23, 2021

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The BEP-20-based FXT token hopes to “replicate the success of its variant — ERC-20 Token.” 4251 Total views 9 Total shares Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January. The new token, which is built on Binance Smart […]

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Binance Australia partners with Koinly for tax reports as ATO ramps up compliance

July 22, 2021

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The taxman commeth for Australian crypto investors and Binance wants to help them out. 1398 Total views 7 Total shares The Australian branch of leading cryptocurrency exchange Binance has increased the ability for users to accurately report tax liabilities amidst increased pressure from local tax authorities. Binance has partnered with cryptocurrency tax startup Koinly to […]

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Binance burns $390M worth of BNB tokens

July 19, 2021

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Binance has destroyed $400 million worth of BNB in its 16th quarterly token burn event, but the markets don’t seem to care. 1486 Total views 5 Total shares Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it […]

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Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern

July 14, 2021

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The inverted pattern in the Bitcoin futures curve is a signal that investors’ confidence in BTC price continues to slump. 7352 Total views 7 Total shares It’s not yet known whether Binance’s recent news of  being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, […]

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Gemini plans to beat Binance through compliance, aims to become ‘fastest tortoise’ in race

July 13, 2021

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The recent regulatory backlash against Binance could give a competitive advantage to regulated exchanges. 2281 Total views 5 Total shares Gemini exchange co-founder, Cameron Winklevoss, has stated the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated […]

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Institutions cautious as crypto products post weakest volume since October

July 13, 2021

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Sophisticated investors appear to be spreading their risk across the crypto sector, with multi-asset products beating out BTC and ETH by inflows. 3629 Total views 7 Total shares Institutional investors are yet to regain confidence in the crypto markets, with weekly crypto investment product volume dropping to its lowest level since October 2020. According to […]

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Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments

July 5, 2021

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A Binance spokesperson reiterated to Cointelegraph that the Financial Conduct Authority’s recent edict only applied to Binance Markets Limited, or BML, which is a separate legal entity from the main global exchange that operates through Binance.com. 8339 Total views 12 Total shares Barclays’ decision to stop facilitating British customers’ payments to Binance has been met […]

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Binance resumes fiat withdrawals via Faster Payments in UK

July 1, 2021

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Binance has uploaded a notice to its U.K. website stating that Binance Markets Limited is not licensed to undertake regulated activities in the United Kingdom. 914 Total views 7 Total shares Leading decentralized crypto exchange by trade volume Binance has restored British pound withdrawals using the Faster Payments network. On June 28, Binance uploaded a […]

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