Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Binance
Binance Donates $1M in Crypto to Australia’s Bushfire Relief
With the occurrence of the Australian Bushfire that led to lots of destruction, Binance has shown it's in-depth concerns over the incident where the company recently announced the creation of a charity project aimed at assisting the relief efforts that followed the outbreak of the Australia bushfire. In light of this charity project, Binance donated approximately $1 million cryptos to the Australia Bushfire Donation project that was also part of a contribution made in showing the commitment of funds related to relief efforts in…
5 years ago
Binance Introduces Thai Baht and Australian Dollar into Its Ecosystem
Following Binance announcement, it explains the collaboration exchange with Satang Corporation, which is considered as the oldest digital currency exchange in Thailand. Based on this collaboration, the main point of focus was in light of the Thai Baht (THB) fiat channel establishment following exchange in Malta. Binance Collaboration Satang co-founder, Poramin Insom, expressed his opinions regarding the collaboration. He explained his thoughts stating that he was impressed and proud of the introduction of digital currency assets to the citizens of the…
5 years ago
XRP and Fiat Pairs Now Available on Binance Exchange
Recently, Binance Exchange confirmed the addition of new XRP and ETH fiat pairs to its platform. The exchange will support three fiat pairs with Turkish Lara (TRY) that feature ETH, XRP, and USDT. Additionally, Binance users can now trade USDT against the Russian Ruble (RUB). In December of 2018, Binance added XRP as a base currency and renamed its ETH market to ALTS markets. Last month, the Turkish Lara got added to the crypto exchange, and Binance only allowed its…
5 years ago
Bitcoin’s Finite Supply May Limit Its Growth, Says Changpeng Zhao
Towards the end of the year, the CEO of Binance, Changpeng Zao, pointed out in a tweet that Bitcoin’s price potential is limitless. Bitcoin is one of the mainstream cryptocurrencies worldwide. Changpeng Zhao is of the opinion that the finite supply of Bitcoin dramatically contributes to its erratic nominal price. Changpeng also believes that Bitcoin has infinite potential over fiat currencies. The only thing limiting bitcoin is its limited supply. https://twitter.com/cz_binance/status/1206416065095299073 Bitcoin’s Volatility There’s no assured prediction of Bitcoin prices.…
5 years ago
Beginner’s Guide to the Types of Cryptocurrency Exchanges
With the constant surge in cryptocurrencies and their applications, investors and traders demand Cryptocurrency Exchanges perform trading. Therefore, Crypto Exchanges play a vital role in the development of the blockchain industry. Simply put, a Cryptocurrency Exchange allows investors to trade instantly and buy or sell cryptocurrencies. For investors looking to enter the cryptocurrency space, a centralized exchange is still the most common means of doing so. But the list doesn't just end there. One must know about the other options…
6 years ago
Cryptocurrency Exchanges Most Appealing to Technical Traders
To effectively day-trade cryptocurrency or any instrument, traders must consider many considerations and variables. The factors can be external and technical. External factors include public perception, regulatory news, updates, profit statements, etc. Therefore, external factors have to be studied carefully and updated. On the other hand, technical details may include the perceived future trend, long-term and short-term positions, and so on. For a trader, the external factors can be effectively managed by updating their portfolio based on the news they…
6 years ago
The Beginner’s Guide to Binance Coin – What You Need To Know
A little more than three years have passed since its release, and Binance Coin (BNB) is enjoying both a successful evolution and a promising future. While you cannot mine it, you can use this utility token from Binance Exchange for online payments and buy virtual gifts on various platforms. Furthermore, you can purchase BNB with fiat currency at over 150 CoinFlip ATMs across the US. If you are trading cryptocurrencies on Binance and aren't using Binance Coins yet, you are…
6 years ago
Binance Review – Exchange Features, Trading Fees and Security
Binance is a centralized, custodial cryptocurrency exchange and blockchain ecosystem. The network is the largest exchange in terms of market capitalization globally. The network is available in all but 15 countries now and handles over $18 billion in USD trading volume daily. Wisely, Binance exchange operated for years as a purely crypto-to-crypto exchange. The exchange operated in critical markets with little oversight by not offering crypto to fiat pairs. These early years allowed the team to expand its features, coin…
6 years ago