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Category Archivecryptocurrency updates

Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X

Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X

“At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.”

Bitcoin futures on Binance now have a maximum of 125x margin and leverage

Balancing risk with efficiency

According to BInance, highly leveraged trading is being introduced using a “sophisticated risk engine and liquidation model,” a fast matching engine that “enables continuous margin without any jumps, and ‘mark prices’ for preventing unnecessary liquidations and combating market manipulation.”

Changpeng Zhao (CZ), Binance’s CEO, said that the platform has seen increased institutional participation in trading, with professional traders driving the need to introduce cost and performance efficiencies ways to support very fast trades.

Alongside a risk management system, Binance offers traders an ‘insurance fund’ that can reportedly help to limit the chances of auto-deleverage.

Aaron Gong, Director of Binance Futures, said the platform was seeing rising numbers of traders transferring “in and out from spot to futures during volatile periods.”

Read More: https://cointelegraph.com/news/binance-raises-max-margin-leverage-on-bitcoin-futures-to-125x

Bitcoin a ‘Gift’ That Will Change Humanity

Ex-CEO of Google Africa and WeWork South Africa GM Stafford Masie has argued that Bitcoin will revolutionize global trade and a ‘Gift’ That Will Change Humanity

“The third economy is an economy where people don’t have access to electronic forms of distributing value or cash

Think of the people who live two hours outside Shanghai, China’s central coast.

They will use Bitcoin to trade and unlock international transactions outside of the existing frameworks in a manner that you and I cannot imagine.”

“When combined, Apple, Amazon, Alphabet, Facebook and Microsoft’s net asset value represents the same value as S&P 500 companies combined and this is extraordinary because we have never seen the concentration of wealth like this in history. Combined, these companies have value that equates to the gross domestic product rates of some countries.”

formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically.

read more: https://cointelegraph.com/news/ex-ceo-of-google-africa-bitcoin-a-gift-that-will-change-humanity

Binance DEX Prepares to List a BCH-Pegged Token

Binance DEX Prepares to List a BCH-Pegged Token

Binance DEX is preparing to list a BCH-pegged token

Binance DEX is preparing to list a BCH-pegged token

Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey

Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey

According to one recent survey, nearly 75 percent of German consumers completely reject the idea of Facebook’s Libra as currency

According to one recent survey, nearly 75 percent of German consumers completely reject the idea of Facebook’s Libra as currency

Hackers Use Malicious Code in WAV Audio Files To Mine Cryptocurrencies

Hackers Use Malicious Code in WAV Audio Files To Mine Cryptocurrencies

Hackers use malicious code in WAV audio files to mine cryptocurrencies

Hackers use malicious code in WAV audio files to mine cryptocurrencies

Cointelegraph Blocked in Russia

Cointelegraph Blocked in Russia

Roskomnadzor extends internet blacklist to Cointelegraph, with Russian readers reporting access blocked

Roskomnadzor extends internet blacklist to Cointelegraph, with Russian readers reporting access blocked

118. Libra has to exist!

Simon Taylor back this week to talk about the latest and greatest news in blockchain, Bitcoin and Crypto, and of course he is not alone but joined by some awesome guests:

David Nicol – Head of Digital Assets R3
Isabel Woodford – Fintech Journalist @ Sifted

Together they cover the following stories:

Payments giants abandon Facebook’s Libra Cryptocurrency (01:24)
David Marcus on Twitter (04:12)
New Libra Fork Will Create Permissionless Stablecoin Free of Corporate control (08:46)
SEC Halts Alleged $1.7bn Unregistered Digital Token Offering (12:44)
SEC not convinced a ‘real’ Bitcoin Market exists, denies Bitwise Bitcoin ETF (19:38)
CFTC Chairman Confirms Ethereum is a Commodity (24:13)
Tether, Bitfinex Sued for creating the “Largest Bubble in History” (28:52)

The Tweet of the Week comes from @lopp about the state of today’s IRS guidance! Why not send us your best tweets? See if you can get a shout out on the show! (35:07)

Check out our brand new documentary 11:YEARS – the Rise of UK Fintech now. Head over to 11years.film to watch for free, and share using #11YEARS.

If you enjoyed the show and, as ever, don’t forget to subscribe and leave a review!

Want to join the conversation on all the topics discussed? Tweet the show at: www.twitter.com/bchaininsider
Special Guests: David Nicol and Isabel Woodford.
Links:

Payments giants abandon Facebook’s Libra cryptocurrency – BBC News
New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control – CoinDesk
SEC.gov | SEC Halts Alleged $1.7 Billion Unregistered Digital Token Offering
US House Committee Pressuring Zuckerberg to Testify on Libra: Report – CoinDesk
CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity – CoinDesk
Tether, Bitfinex sued for creating the “largest bubble in history” – CoinGeek
Tweet of the week

US Congressman: Facebook Should Add Bitcoin, Not Create Libra

US Congressman: Facebook Should Add Bitcoin, Not Create Libra

U.S. Congressman Warren Davidson says Bitcoin would be much better for Facebook than the introduction of a proprietary stablecoin like Libra

U.S. Congressman Warren Davidson says Bitcoin would be much better for Facebook than the introduction of a proprietary stablecoin like Libra

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Cryptoindex’s AI-powered CIX100 index has been listed on Nasdaq

Cryptoindex’s AI-powered CIX100 index has been listed on Nasdaq

Blockchain and the Classroom — How DLT Can Improve Education

Blockchain and the Classroom — How DLT Can Improve Education

Blockchain technology continues to be adopted by educational institutions around the world

Blockchain technology continues to be adopted by educational institutions around the world

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