An early-morning error led to the value of Bitcoin dropping nearly 87 percent on Binance's crypto exchange.
In an exclusive interview with Cointelegraph, Peng Zhong, CEO of Tendermint, the core developer of the Cosmos blockchain, discussed recent cutting-edge advancements in the ecosystem.
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In June, the Chinese Government cracked down on considerable crypto mining operations taking place in the Sichuan province and demanded that Chinese banks and payment channels stop supporting decentralised and anonymous crypto transactions.
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When the market adjusts, the price shoots up. Large holders of that crypto can then cash in on the gains by dumping their coins, bringing the price down. Although exchanges know about these methods, stopping them isn’t all that simple, as the perpetrators know how to stay under the radar.
The launch of the SafeMoon (SAFEMOON) wallet ran into unexpected technical issues, shortly following its release.
Besides the products offered, one of the effects of the split of Binance.US from Binance was on the liquidity pool.
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
In this guide:Supported cryptocurrenciesTrading feesLiquiditySupported countriesCustomer supportTrust and reputationIncreasing regulationBinance vs. Binance.US: The verdict
Users should also turn on two-factor authentication if they haven’t already done so.
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On the other hand, if the price turns down from the overhead resistance, it will suggest that traders are defending the level aggressively. The bears will then make one more attempt to pull the price down to the 20-day exponential moving average (EMA) ($566).
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The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.
Before joining the OCC, Brooks worked as the chief legal officer for Coinbase, a major competitor to Binance.US.
What makes the fee structure so complicated is Binance’s focus on different fees for different levels of users. While, theoretically, this is similar in both the main platform and Binance.US, the American platform has fewer of these levels. For some, this may seem simple and clear; but it could also mean that using Binance.US is more costly than its main counterpart.