The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
This means a Binance account holder with a balance of $1 million who wants protection may buy a put option with a six-month expiry for an estimated price of $27,000-$33,000 paid upfront given the monthly rates. If the firm files for bankruptcy within the contract term, the seller would be obligated to buy the account holder’s valid bankruptcy claim at the full $1 million price. Source
Dominant crypto exchange Binance looks to draw on community feedback to shape products and services better in the future. Binance has launched a new community feedback feature that would help shape new policies and products the exchange plans to offer. Aptly dubbed the “Feature Request & Feedback Board,” the new feedback platform serves to cull out opinions and suggestions from Binance’s user community. With the service, the leading crypto exchange implores its user base to participate in its product roadmap development. According to Binance, its Feature Request & Feedback Board makes it…
BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper. The white paper explains it as a decentralized storage infrastructure within BNB Chain, which allows users and decentralized applications (DApps) full ownership of the data. Potential use cases include website hosting, personal cloud and data storage, publishing and more The testnet of the proposed Web3 infrastructure — built by the BNB Chain core team — is supported by community developer teams from Amazon Web Services,…
Leading crypto exchange Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants. Brazil Receives Binance Prepaid Card Binance, a leading cryptocurrency exchange by volume traded, announced on Jan. 30 the launch of its Binance card in brazil, a product that will allow crypto users to make payments in crypto to legacy merchants. The…
Credit card giant Mastercard has teamed up with the world’s largest crypto exchange to launch another prepaid crypto card in Latin America. On Jan. 30, Binance announced the launch of the Binance Card in Brazil. The new card is issued by Dock, a payment institution regulated by Banco Central do Brasil, Brazil’s central bank. The new card will allow new and existing Binance users in the country with valid national IDs to make purchases and pay bills with crypto assets. The card is in a beta testing phase and will…
La tarjeta permitirá a los usuarios de ese país latinoamericano realizar pagos con 13 criptomonedas, incluyendo bitcoin, ether y Binance USD. La tarjeta cobra 0,9% en concepto de comisión por transacción, afirmó Binance, y agregó que ofrecerá hasta 8% en devolución con criptomonedas y habilitará los retiros por cajero automático sin comisión. Source
The card will allow users to make payments with 13 cryptocurrencies, including bitcoin, ether and Binance USD. Binance’s card charges a 0.9% fee per transaction, Binance said, adding that it will offer up to 8% in cashback with crypto and allow ATM withdrawals without fees. Source
Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users. On Jan. 18, a group of Russian-speaking Binance clients complained about blocked accounts and not being able to withdraw their funds from the exchange. The affected users created a Telegram group chat to report about the issues, stating that the accounts were blocked without a warning. The members of the group — now counting more than 1,000 members — promptly drew parallels between the blockages and enforcement…
To prove his point, Schetty attached a partially redacted email chain that began on July 19, 2021, between Brian Schroder, the CEO of Binance US, and Tushar Patel, the vice president of finance at WazirX, about an amended “share purchase agreement.” CryptoX Portal