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Crypto Exchange Digest

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Avatar for nafson
Written by   40
1 year ago

Burn Binance Coin, Ruble on Huobi OTC and Discounted OKEx Tokens - Crypto Exchange Digest

Binance cryptocurrency exchange this morning announced the upcoming quarterly Binance Coin (BNB) coin burn. She did not give specific dates.

This event is remarkable because it allows you to get a rough idea of ​​the success of the exchange in such areas as spot, margin and futures trading, as well as the use of BNB in ​​various services taken into account when calculating the amount of tokens for burning.

In January, Binance burned 2,216,888 BNB, or about $ 38.8 million at the exchange rate at the time. The transaction was the third largest of its kind when settled in BNB and second in terms of dollars.

As a well-known event, the quarterly BNB token burn does not have a dramatic effect on the price. Since the previous burn at the end of January, the BNB rate has dropped by almost 20%.

Also today, Binance announced the addition of the EOS cryptocurrency to its peer-to-peer trading service. According to the publication, EOS is available for buying and selling for Chinese yuan, but offers with the ruble can already be found on the platform.

In addition, Huobi this morning announced the addition of ruble deposits to buy cryptocurrencies on the Huobi OTC OTC platform via Advcash. Previously, the same system was connected by Binance to replenish users' wallets on the main platform.

OKEx, for its part, announced that in honor of the second anniversary of the OKB token, it will conduct a program to repurchase it from the market for 2 million USDT for distribution to users through a series of promotions.

On April 22, OKB will be sold with a 20% discount. OKEx traders will be able to participate in the campaign based on the aggregate trading volume in the spot, futures and peer-to-peer markets since registration. The individual subscription limit will be from 100 to 1,000 USDT.

Chinese analysts report a slowdown in the development of crypto projects due to coronavirus

The Center for the Development of the Information Technology Industry (CIID) under the Ministry of Industry and Informatization of China has presented an updated version of the rating of cryptocurrency projects, writes Bitcoin.com.

The 17th edition of the rating includes the same 37 assets that were valued in February. The leaders among crypto projects, according to Chinese experts, remain the platforms of decentralized applications EOS, Tron and Ethereum. In general, Bitcoin dropped from 11th to 14th place.

As before, all projects received marks in three subcategories. In the tech category, EOS leads, followed by Tron and IOST. The most practically significant were Ethereum, Tron and Nebulas, and in terms of ideological potential, Bitcoin turned out to be far ahead of the rest, surpassing the following EOS and Ethereum.

"From February to March, under the influence of the coronavirus pandemic, the update of selected projects of public chains has slowed down and the overall rating has changed little," the authors explain.

Chinese companies, meanwhile, continue to actively pursue blockchain development themselves. According to The Block, tech giants Tencent and Alibaba filed the most distributed ledger technology patent applications in 2019 - 718 and 470, respectively. They are followed by WeBank, Ruize Technology and Ant Financial, all of which are also based in China.

Although the total number of applications filed in 2019 exceeded 5,800, only 3% of them were approved for the grant of patents.

Nym Launches Testing of the Data Mixer Network for Users

The Nym project has opened the next round of testing its data blending network. The company is looking forward to connecting blockchain users to enhance privacy.

Initially, users are encouraged to run mixed nodes on the Nym testnet. The global network of nodes will form a mixed network, which aims to irreversibly hide metadata in Internet traffic by mixing user data packets.

Nym claims that, unlike VPN and Tor, a mixed network will avoid even surveillance by the US National Security Agency (NSA). Nym CEO Harry Halpin said:

“With Nym, you are free to chat and your internet traffic does not reveal your metadata. This is especially important now, given the increased government surveillance due to the coronavirus. Nym's blended network confronts a global passive adversary like the NSA that is capable of registering all inbound and outbound network traffic. ”

The Nym testnet will be rolled out in three phases during 2020. The first step is the mixed network and setup of public mixing nodes. This will be followed by the addition of validators to fully decentralize the mixed network. In the third phase, a reward will be implemented for those who manage mixing nodes and mixing packages.

Nym's mixed network will allow any blockchain or application wishing to provide advanced privacy services to integrate into the network. Electric Coin Company, the developer of the Zcash cryptocurrency, took part in earlier testing. The company said: "ECC believes that network privacy is an important layer of protection for cryptocurrency users."

According to Halpin, privacy is being compromised by governments around the world as they increase surveillance and surveillance of citizens in an effort to control the spread of COVID-19. Once these measures are taken, it will be difficult to undo them. Therefore, he believes that people must act collectively in the struggle for personal freedom.

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1 year ago
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Comments

it is indeed a very good and useful event by the way because Houbi are just getting accepted and that alone can make people want to make ties with them since the bigger companies can even share them that is great

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1 year ago

when that burning occurred i could recall many people were un noticed that it affects some tradings more than you could even imagine at all which is not fair but after the burning i guess things get back to even better

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1 year ago

Okex as i see it they are evn making things much better for the binance runing because they are still sub company ynder binance right

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1 year ago

Very good and i think even the subscription is well identified in a well manner so this is very much very understood on my end for sure

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1 year ago

Most project were affected in this event, true but now they are reviving that's a good news

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1 year ago

I have no Interest with crypto currency related any article. But I have a question. I hope you can answer it. I use a wallet to store my all BCH. Name Payeer wallet. But unfortunately, I go to exchange my bch to usd, it always show lower price then real price of bch. Example, Suppose today bch rate is $264 but when I go for exchange it show $250, So I lose a lot of money for that. How can I solve it?

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1 year ago

Well to my own observation maybe you try some other wallets out, i mean well recommended ones like coinbase even or maybe there are reducing because the amount of bch reduce at that minutes you enter your wallet, sorry about the loss

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1 year ago

Thank you for recommending me. Becouse last time when I exchange my money I lost 9$ from my wallet. Is coinbase also cut It's fees? Monthly or yearly?

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1 year ago

Great article

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1 year ago

Awesome

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1 year ago

China has truly proven to be a very home of crypto which is a very nice and befitting idea though by the way

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1 year ago

Informative article dear. I feel so helpful for this.

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1 year ago

Even the individual subscription limit is a very nice one which can make things very easier for all to access which will make things better

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1 year ago