An early-morning error led to the value of Bitcoin dropping nearly 87 percent on Binance's crypto exchange.
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Since its inception, Binance has quickly become the largest cryptocurrency exchange in the world. Binance is primarily known for its low fees and large amounts of liquidity. The exchange currently offers more than 500 cryptocurrencies and over 1,200 trading pairs. This certainly makes it an attractive place to trade as crypto investors can have their pick of almost any digital asset they wish to trade.
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Overall, Coinmarketcap estimates the global crypto market has shrunk around 10% in the past 24 hours.
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In early 2009, Nakamoto released Bitcoin to the public, and a group of enthusiastic supporters began exchanging and mining the currency.
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Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelorâs degree in Finance, and a Masterâs degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market. View all posts by Connor Brooke Itâs an Italian Thing Employer Insurance Premium Growth â Still a Problem Does Japanâs Democracy Have Room for Women and Children? Move Over Oil, Itâs LNG Thursday Headlines: OPEC, Deutsche Bank and Many Fed Speakers Remember September (for Jobs Data)
DeFi stands for decentralised finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank.
Now that you're familiar with the basics of both Binance and Binance.US, letâs cover some specific topics that youâre interested in.