Crypto Exchange Binance Launches Dedicated Staking Platform

Crypto Exchange Binance Launches Dedicated Staking Platform

Major cryptocurrency exchange Binance has launched a dedicated staking platform, allowing users to earn rewards on their token deposits. Major cryptocurrency exchange Binance has launched a dedicated staking platform, according to a company announcement published on Sept. 26.The new service will enable Binance users to deposit their token holdings and earn staking rewards, but without having to set up their own nodes to fulfill minimum staking amounts and/or time lengths.Staking vs. mining cryptocurrenciesIn blockchains…

Share:
Read more

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Crypto exchange Binance and blockchain trust company Paxos join forces to launch USD-backed stablecoin, approved by the NYDFS. Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS)Binance USD available later this monthIn a press release shared with Cointelegraph on Sept. 5, Paxos co-founder and CEO Asia Rich Teo…

Share:
Read more

BitMEX ‘Congratulates’ Binance on Plagiarizing Its Futures Platform Doc

BitMEX ‘Congratulates’ Binance on Plagiarizing Its Futures Platform Doc

The team at Seychelles-based crypto exchange BitMEX have accused fellow exchange Binance of plagiarizing BitMEX documents as part of its recent futures testnet launch. The team at Seychelles-registered crypto exchange BitMEX have accused fellow exchange Binance of plagiarizing BitMEX documents as part of its recent futures testnet launch.On Sept. 4, the platform published a sarcastic tweet, stating:“Congrats on the Testnet Futures launches @binance. Glad to see you enjoyed reading our documentation as much as we…

Share:
Read more