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Binance Charity and Integro Foundation raise $1 million for PPEs

Binance Charity and Integro Foundation raised $1 million to donate personal protective equipment to frontline workers.A total of 500,000 KN-95 masks will be distributed to workers in the Brazilian Amazon, Argentina, Chile, Mexico, Venezuela, Peru, Ghana, Nigeria, South Africa, Bermuda, Barbados, St. Lucia, Haiti, Bahamas, the Dominican Republic, the Navajo nations, Russia and Puerto Rico. The initiative is part of the Crypto Against COVID campaign.Integro, founded in Puerto Rico in 2015, committed $333,000...

DeFi Is the Future Says CZ but Centralized Exchanges Remain More Popular

With Decentralized Finance (DeFi) gaining steam, exchanges like Binance find ways to co-exist with innovations like DeFi. Binance Co-Founder and CEO Changpeng Zhao (CZ) said DeFi is an innovative space and investing decentralized exchanges will not be a challenge for regular exchanges. In an interview at the Boxmining Youtube channel, CZ said DeFi makes the space more attractive. In particular, he pointed to automatic market makers (AMM) as a fascinating invention. “I think DeFi is...

Do You Know The Most Valuable Blockchain Companies?

Research firm Hurun published a list of global unicorns, or companies worth more than a billion dollars, in 2020. This ranking features all billion-dollar tech startups founded in the 21st century that are not listed yet listed on public exchanges.The report, named “Hurun Global Unicorn Index 2020,” shows that there are a total of 586 unicorns globally — up from 494 companies listed in the 2019 ranking.The blockchain industry represents 2% of the...

Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification.Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto asset with the most adoption and XMR offers the strongest privacy protections.Website tracks KYC-free crypto exchangesThe website currently lists 14 KYC-free trading...

Traders Say Binance Cut Their Bitcoin Shorts: Here’s Why It Happened

As the Bitcoin (BTC) price abruptly dropped from $9,500 to $8,100, some traders on Binance claimed that their winning short trades were unfairly cut short. A trader named AthenaBank wrote on May 10:Deleverage? Binance close my short after I make 7 times my investment. What's going on? Where is my short? The BTC dropped to $8,000. Who pays the difference?But, the closure of the shorts was systematic and the process is called auto-deleveraging.What is...

Binance Continues Global Push With Launch of P2P Trades for Rupee and Rupiah

Major cryptocurrency exchange Binance is deepening its presence in two major emerging markets, India and Indonesia.In an announcement published on April 14, the exchange revealed that users are now able to trade cryptocurrencies peer-to-peer (P2P) for Indian Rupees (INR) and Indonesian Rupiah (IDR).Both fiat currencies will be available against Bitcoin (BTC), Ether (ETH), Tether (USDT) Binance Coin (BNB) and Binance Dollar (BUSD) via the platform’s site and mobile app.Laying the foundationsWell ahead...

Binance Announces CoinMarketCap Acquisition, CZ Gives the Scoop

While global markets are experiencing tough times amid the coronavirus pandemic, the crypto industry is getting stronger as its core players have tapped one of the biggest crypto mergers in history.Binance, the world’s biggest cryptocurrency exchange, has reached an agreement to acquire CoinMarketCap (CMC), one of the most-referenced crypto data websites, in an undisclosed deal. The companies officially announced the acquisition to Cointelegraph on April 2.Changpeng Zhao, founder and CEO of Binance,...

Binance to Launch Crypto Exchange Supporting KRW-Backed Stablecoin

Crypto exchange Binance is preparing to enter the Korean market for the first time.According to a company blog post on March 31, the Malta-based exchange will soon open Binance KR for trading. The crypto-to-crypto exchange is so named for South Korean traders. Binance KR will be launched on Binance Cloud and offer the “market’s deepest spot trading liquidity, most robust matching engine, and most advanced state-of-the-art security, custody, and risk controls.”The exchange will...

Heads of Binance​.US, Ledger, and ZCoin Speak to Impact of Digital Dollar on Industry

COVID-19 has wreaked havoc on the global economy. As legislators in the United States go back and forth on how best to distribute aid, the conversation has amplified the potential role of a digital dollar to avoid the traps of traditional finance.Whether or not ongoing stimulus efforts lead to the minting of a digital dollar, it’s a subject that is on the minds of U.S. legislators in a new way, especially as...

As Trump Talks Trillions, Binance CEO Predicts $2T Bitcoin Market Cap

After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount.As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible. Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant...
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