If hiring a high-level former federal government regulator BNB was supposed to be a fresh look for Binance, having him resign after a few months and state publicly it was for "differences over strategic direction" is a very bad one instead.
Coin98 Wallet is the #1 non-custodial, multi-chain wallet and DeFi gateway, designed to seamlessly connect users to the crypto world in a safe and secure manner. Optimized transaction fee and processing speed: Adjust your own transaction fee with gas bar. Coin98 Wallet also offers various advanced features that bring users "to the moon" experience, including: Multi-chain wallet management: Manage multiple digital assets simultaneously, easily and conveniently, Unique "always-connected" experience: Access numerous Defi services across various blockchains seamlessly and concurrently.
The head of FTX, bitcoin Sam Bankman-Fried, announced his decision to change the maximum available leverage for trading futures contracts last Sunday, and a day later Binance added an identical innovation. In addition, in an attempt to avoid unnecessary problems in the growing wave of conflicts with international regulators, the management of the crypto exchange decided to significantly reduce the limit on withdrawals from 2 to 0.06 bitcoins.
With this move, Binance the exchange wants to demonstrate that its top priority today is commitment to regulatory compliance. In addition to the restrictions, Changpeng Zhao decided to add "positive" to the crypto community, saying that the company is ready to consider candidates for the position of CEO of Binance. Many participants were shocked by this announcement, but Zhao was quick to reassure them, assuring that the company does not plan to replace the CEO urgently, but they sincerely hope to find a worthy candidate with extensive experience in compliance.
After these words, Zhao once again stressed that he did not intend to leave the exchange, and in order to actively participate in its fate, he did not need to remain in the position of manager. He called the "life cycle" of 5 years as the optimal management period for the company. In addition, according to the head of Binance, the CEO should not "sit up" in his post for crypto more than 10 years. Otherwise, the dynamics of the organization will quickly be disrupted.
Active participants of the exchange will not feel the changes in the withdrawal limit immediately, but in stages from 8 to 23 August. At the same time, if the client successfully passes the KYC check, his withdrawal limit will be increased to 100 BTC.
This ability to expand trading results makes margin trading especially popular in low-volatility markets, cryptocurrency particularly the international Forex market. Essentially, margin trading amplifies trading results so that traders are able to realize larger profits on successful trades. Still, margin trading is also used in stock, commodity, and cryptocurrency
markets. Margin trading is a method of trading assets using funds provided by a third party. When compared to regular trading accounts, margin accounts allow traders to access greater sums of capital, allowing them to leverage their positions.
Previously one of the largest Bitcoin mining pools by hash rate, the OKEx pool saw a 99.5% drop off in activity between October and November 2020, after the exchange halted withdrawals following reports that a crucial private key holder could not be reached.
Recall that earlier, Binance was subjected to a number of severe restrictions and almost obvious threats to the further conduct of its business from regulators of various jurisdictions, including the UK, Japan, Singapore, Thailand, Malta and the Cayman Islands.
From simple payment requests to fully compliant digital currency invoices. For integrations, we've created a developer page to get started quickly. We work together with leading innovators and organizations in the decentralized financial (DeFi) ecosystem, providing them with open products, standards and infrastructure to create seamless financial experiences. Use any of our pre-developed tools, or learn more about Request by reading the documentation. Request helps you to get paid in crypto while providing full control over your financial data. Lower your transaction fees for international payments & save on business costs. They also comply with industry standards, Binance making sure they are compatible with 3rd party products & services. We believe payment experiences should be seamless for users and free from artificial barriers imposed by closed ecosystems. Our invoicing software generates invoices that look & feel professional so you stand out from the crowd.