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Binance to Launch Its DEX on Binance Chain in Late Feb for Public Trial

  • Yuri Molchan
    📰 News

    The Binance platform is about to launch its decentralized trading network for the open trial in late February


Binance to Launch Its DEX on Binance Chain in Late Feb for Public Trial
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On Monday, Feb. 11, Changpeng Zhao (CZ), the head of Binance, wrote on social media that Binance Chain, the company’s own blockchain platform to power Binance DEX, will be released for public trial on Feb 20 – in slightly over a week.

All details shared, questions answered

Almost a week ago, when answering questions during an AMA (ask-me-anything) session on Twitter, CZ shared all details and nuances of the approaching start of the DEX. The session took 45 minutes.

CZ pointed out that the firm has already let a few special partners in on trialling the newly-made blockchain, among them are dev teams, which are going to embed various tools into the new DEX.

Among the good news is that Ledger Nano S has already been linked to Binance Chain. Ledger Nano X, along with other wallets, such as Trezor, will be embedded later.

Binance DEX and, correspondingly, the closely connected to it Binance Chain, are going to work on all PC and mobile platforms – Linux, Windows, iOS, Mac OS, etc.

As per CZ, the principle under which Binance Chain (and the DEX) is going to work will be very close to those Bitcoin is based on, i.e. total transparency. No place for anonymous operations.

To list a coin on the new DEX will cost their creators $100,000. This high fee is meant to bring down the amount of scam projects.

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BNB will be fueling Binance Chain

Back in December, Binance created a video that was an instruction manual for using the new DEX. There, users could see the local crypto wallet, the interface and an explorer for Binance Chain.

CZ also commented on what part BNB will perform on the new network. He said that its function will be the same as ETH coins or GAS on Ethereum – to pay for transactions.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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