Tag: Binance

Binance Futures launches perpetual contract with 50x leverage

Binance Futures, a prominent player in the cryptocurrency sector, is poised to enhance its offerings with the introduction of a new product. As of Oct. 15, Binance Futures has enabled crypto traders to tap into a new financial instrument, which allows for trading leverage up to a reported 50 times. According to Binance, the BOND/USDT Perpetual Contract, backed by the BarnBridge (BOND) token as its underlying asset and having Tether (USDT) as its settlement asset, presents a new opportunity for crypto enthusiasts. It operates 24/7, ensuring continuous trading availability for…

New Gaming Altcoin Skyrockets Over 267% After Listings on Crypto Exchanges Binance and Coinbase

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A brand-new gaming altcoin has ripped by more than 267% this week after listings on multiple top crypto exchanges. Big Time (BIGTIME) is a free-to-play multiplayer action RPG game that launched its preseason on Tuesday after years of development. The BIGTIME token, which powers Big Time’s economy, also debuted this week, soaring from around $0.0709 on Tuesday to around $0.26 at time of writing. The asset also briefly reached a high of more than $0.333 at one point on Thursday morning. The token’s astronomical gains materialized after a slew of…

Binance announces launch of perpetual contracts

Binance today announced the launch of U-based BIGTIME perpetual contracts. At the same time, the exchange avoided launching spot trading of BIGTIME, in an action similar to how they treated the Blur Token, the native governance token of Blur. Available to the public According to CoinMarketCap, Big Time is a multiplayer action RPG that combines combat with an open gaming economy that simultaneously leverages very visible Web3 elements.  As part of the announcement to launch a perpetual contract with up to 20x leverage, Binance states that depending on market risk factors, it will…

Circle admitted by judge as amicus curiae in SEC vs Binance lawsuit: Report

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A senior judge in the Columbian district court has reportedly signed multiple orders to clear pending motions in the ongoing lawsuit filed by the United States Securities and Exchange Commission against the crypto exchange Binance ahead of the crucial hearing. Among the key orders, the judge cleared an amicus brief filed by USD Coin (USDC) stablecoin issuer Circle right before the key hearing on Oct. 12. Circle filed a court motion on Sept. 29 in the ongoing SEC vs Binance lawsuit and had argued that assets pegged to the U.S.…

Cristiano Ronaldo and Binance Release CR7 ForeverZone NFT Collection

The NFTs are available for free. To claim a CR7 ForeverZone Box, users have to open the Binance Promotion Page, complete and pass KYC verification, and collect an NFT. Portuguese football legend Cristiano Ronaldo and crypto exchange Binance have announced the release of a non-fungible tokens (NFTs) collection. Called the CR7 ForeverZone, the NFT collection is the third time Cristiano Ronaldo and Binance have collaborated to offer the player’s fans “unprecedented experiences” in the Web3 world. Myself and #Binance are giving away 50,000 free surprises! And one lucky winner will win the…

Binance, Snapchat and capital among things SBF was ‘freaking out about’

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Weeks and months before the collapse of crypto exchange FTX, former CEO Sam Bankman-Fried was “freaking out” about Alameda, buying shares in Snapchat, raising capital from Saudi royalty, and getting regulators to crack down on rival crypto exchange Binance.  So was written in former Alameda Research CEO Caroline Ellison’s personal notes about FTX and Alameda, which prosecutors presented on the second day of her testimony in New York.  During the trial, Ellison told jurors that a crash in the Terra ecosystem in May 2022 was significant enough to get Bankman-Fried to consider…

Regulators in Brazil Accuses Binance of Running Pyramid Scheme

The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The committee also accuses Changpeng “CZ” Zhao, the CEO of Binance, of having ulterior motives in the establishment of multiple companies in the region. The statement from the committee reads: “BINANCE was one of the companies used in the fraudulent financial…

Binance Launches Self-Trade Prevention Feature for Spot and Margin Trading

It’s important to note that Binance strictly prohibits intentional self-trading on the platform, categorizing it as a form of market manipulation. Leading global cryptocurrency exchange Binance is set to roll out its self-trade prevention (STP) feature to help users reduce unnecessary self-executed orders and related transaction fees. The exchange said the tool primarily caters to application programming interface (API) traders who use automated trading programs with its trading engine. According to an official announcement on October 11, this new functionality will be available to all users engaged in spot and…

Binance rolls out self-trade prevention for spot and margin trading

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Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode will be the default mode for all trading pairs and orders on Binance’s spot and margin trading platforms. Once the STP feature is live, users will be able to check what orders have expired due…

Brazil’s Congress puts Binance CEO CZ in crosshairs for indictment

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A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil. On Oct. 10 the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and offering securities trading without authorization. In the report, the committee — led by deputy Ricardo Silva — claimed that Binance, Zhao and others “set up an opaque…