Binance

There's never a dull moment in crypto! Today's major headline is a leaked "Tai Chi" document that allegedly reveals Binance's grand "scheme" to evade regulatory bodies.  According to a controversial Forbes article published Thursday, leading cryptocurrency exchange, Binance "conceived an elaborate corporate structure designed to intentionally" mislead United States regulators.  The report claims that the information was gathered from a supposed leaked document created in 2018 and seen by Binance "senior executives." Forbes said it obtained the document but chose…

Stablecoins are cryptocurrencies designed to minimize the volatility danger of the notoriously unstable Crypto market. Theoretically, a stablecoin can be pegged to a cryptocurrency, fiat money, or exchange-traded commodities (such as precious metals or industrial metals). Since the advent of USDT - Tether in 2015, traders have felt a greater safety from the market's constant volatility. Stablecoins today are blockchain-based and usually tied to traditional assets, currencies, or a basket of assets and currencies. USD is traditionally the most sought-after…

Crypto futures are derivative products in the form of a contract. Two parties commit to either sell or buy a cryptocurrency on a specific date in the future at a predetermined price. In essence, Crypto futures allow traders to speculate on the future magnitude and cost of an Asset. The trading volume of crypto futures has grown rapidly since the Chicago Board Options Exchange launched the first Bitcoin futures contract in 2017 (Cboe). So let's look at the best exchanges for…

The consolidation of Binance Coin (BNB) has been within a narrow trading range. Within the previous two months, most of its price action has been between the $15 support level and the $18 barrier. Regarding the technical outlook of the cryptocurrency asset, the current stagnation phase is due to the Bollinger bands squeezing its 1-day chart. Such squeezes suggest times of low volatility, generally succeeded by wild price movements. The possibility of having a robust breakout increases with a longer…

The renowned cryptocurrency exchange Binance is now supporting Great Britain Pounds (GBP) trading pairs on its main exchange, just two days after announcing a UK-based trading platform. On June 19, Binance announced the availability of 5 new trading pairs. The pairs to go live at 10:00 am (UTC) on June 19 include BTC/GBP, ETH/GBP, XRP/GBP, BNB/GBP and GBP/BUSD. “Binance will open trading for BTC/GBP, ETH/GBP, XRP/GBP, BNB/GBP and GBP/BUSD trading pairs at 2020/06/19 10:00 AM (UTC). Please note: The GBP is a national currency and does…

Without any doubt, one of the most dominant players in the Blockchain market is Binance Labs. The organization is an all-in-one blockchain ecosystem comprised of Exchange, Lab, Launchpad, Info, Academy, and Charity Foundation, all handled by their in-house blockchain - the Binance Chain. Founded under the leadership of CEO Changpeng Zhao, it is operated by a dedicated team of fintech and crypto experts. Notably, Binance Chain, which acts as the back-end support to all of Binance's activities, handles the Binance…

Margin Trading is one of the newer ways to make money in the cryptosphere. The concept involves borrowing extra funds by leveraging your crypto trading positions. Simply put, it’s trading with a loan. Brokers and individuals provide the loan based on laid terms and conditions. As a result, margin trading enables traders to trade even with limited funds. Sounds great, right? While the concept has been around for some time, it is only beginning to develop cryptocurrency trading roots. But,…

Exchanges are where all the crypto magic happens. A crypto exchange is the first place you visit if you want to acquire a particular digital asset, whether you have fiat money or other crypto coins.  In layman's, a crypto exchange can be best described as a marketplace where, unlike the common ones, instead of exchanging money for commodities, folks switch their equivalent fiat money for digital assets and vice versa. On the contrary, both parties (buyers and sellers) can exchange…

How is trading cryptocurrencies different from other assets like fiat currency, stocks, or bonds? There are quite a few distinctions, but the main difference is that cryptocurrencies have their trading exchanges, either centralized or decentralized. In recent years, cryptocurrencies have grown in popularity and adoption. They offer cheap, borderless ways of sending and receiving money and new investment opportunities. Additionally, many people migrate to cryptocurrencies as stores of value to protect their wealth from individual and collective government inflation. This…