Tag: Binance

Binance Smart Chain Unique Addresses Nears 250K in Less Than 2 Months

The Malta-based crypto-exchange Binance is now at the forefront of the DeFi wave despite being a hardcore centralized entity. One of the main initiatives that have helped bolster this is Binance Smart Chain [BSC]. In the latest milestone, the decentralized public blockchain appeared to be nearing $250K in terms of the total number of distinct […]

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A closer look at Binance’s record-breaking Q3

A closer look at Binance’s record-breaking Q3

Quick Take Binance burned $68M in BNB this weekend marking an all-time high The exchange recorded 106.8M web visits in Q3, which is a 47% Q/Q increase In terms of the spot volume, Binance has recorded its best quarter by far Binance’s futures volume has increased by 44% Q/Q This research piece is available to […]

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Binance Futures To Launch FIL/USD Coin-Margined Perpetual Contract Despite Ongoing Controversies

Binance Futures is all set to launch a FIL/USD coin-margined perpetual contract with trading starting from the 20th of October at 7: 00 AM (UTC). According to the official blog post, the FIL/USD coin-margined perpetual contract is a futures contract that uses FIL as collateral. Herein, the users will be able to choose between 1-50x […]

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Filecoin [FIL] Down By Over 50%; Is Filecoin Losing Steam?

Just a day after Filecoin announced its much-awaited mainnet launch on the 15th of October at block 148,888, Binance revealed ending the zero-interest promotion for borrowing FIL  and its interest rate will be adjusted as per market requirements. This news comes just hours after Binance enabled Isolated Margin trading for FIL and two other assets. […]

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) […]

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Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations

Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations

The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, […]

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Filecoin Mainnet Goes Live; FIL Fetches Several Listings including Binance and Coinbase Custody

The Filecoin network announced its much-awaited mainnet launch on the 15th of October at 3 PM at block 148,888. However, that did not deter the platform’s popularity. Announcing the same, Filecoin thanked researchers, experts, developers, Filecoin mining community, Filecoin storage clients, collaborators as well as the community. The Filecoin Network has passed epoch 148,888 🎉 […]

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