Binance: 10K Margin Traders Borrow USD 15M; BNB Jumps on Burn News

Instead, he said, all tokens allocated to the team from the initial coin offering (ICO) back in 2017 “will be burned.” “The team will burn their own tokens …
Binance: 10K Margin Traders Borrow USD 15M; BNB Jumps on Burn News 101
Source: Twitter

More than 10,000 people signed up on “yesterday alone” for the Binance’s new margin trading account, which makes up more than USD 15 million borrowed for margin trading, CEO of Binance Changpeng Zhao said during a livestream today. The company has also announced a major Binance coin (BNB) burn, which sent the price of the coin up.

As reported, Binance’s new margin trading product allows for leverage of up to 1:3, meaning that for every 1 bitcoin deposited as collateral in a margin wallet, 2 more bitcoins can be borrowed from the exchange to trade with.

Answering a question from a Twitter user, CZ confirmed that futures trading is also coming up soon, saying “we aim to begin public testing of the futures platform towards the end of July.”

According to the CEO, the company will first release “a simulation market so people can get comfortable with it.” This will roughly reflect the real market price of the underlying bitcoin or other crypto assets, and will launch in 10 to 20 days, he said.

1xBit

Futures contracts on bitcoin and other cryptocurrencies are expected to be available with significantly higher leverage than the current margin trading product allows for, and are therefore highly anticipated by many crypto traders.

Half of BNB “will be burned”

The CEO also revealed that the Binance team “will not spend a penny” of its allocation of BNB tokens. Instead, he said, all tokens allocated to the team from the initial coin offering (ICO) back in 2017 “will be burned.”

“The team will burn their own tokens first. All US$2,400,000,000 of it!” according to the CEO.

As is common among ICO projects, the Binance team originally had a portion of the total supply of BNB tokens allocated to themselves. In the case of the BNB token, this made up 40% of the total token supply. Now, however, the CEO says that the team “unanimously” agreed to burn all of their tokens.

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According to the CEO, this means that half of the total supply of BNB tokens, or almost 100 million BNB tokens, will be burned. “Basically, the team gets nothing from the ICO. All the team BNB that we have now are earned through our services or bought with our money,” he said.

“This shows that the Binance team is here for a mission. We’re not here for money,” he said.

BNB jumped following the announcement and is up by more than 7% in the past 24 hours (06:07 UTC).

BNB price chart:

Binance: 10K Margin Traders Borrow USD 15M; BNB Jumps on Burn News 102
Source: coinpaprika.com

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CyberMiles (CMT) Market Capitalization Achieves $44.69 Million

One CyberMiles token can now be purchased for approximately $0.0559 or 0.00000491 BTC on major cryptocurrency exchanges including Koinex, …

CyberMiles logoCyberMiles (CURRENCY:CMT) traded down 4.5% against the US dollar during the one day period ending at 22:00 PM ET on July 11th. One CyberMiles token can now be purchased for approximately $0.0559 or 0.00000491 BTC on major cryptocurrency exchanges including Koinex, Huobi, IDCM and Bibox. In the last week, CyberMiles has traded 19.1% lower against the US dollar. CyberMiles has a market capitalization of $44.69 million and $21.09 million worth of CyberMiles was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Litecoin (LTC) traded down 3.7% against the dollar and now trades at $102.41 or 0.00899940 BTC.
  • UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $1.51 or 0.00013254 BTC.
  • Cosmos (ATOM) traded up 0.2% against the dollar and now trades at $4.49 or 0.00039480 BTC.
  • Dogecoin (DOGE) traded 2.2% lower against the dollar and now trades at $0.0033 or 0.00000029 BTC.
  • Bytom (BTM) traded down 12% against the dollar and now trades at $0.14 or 0.00001193 BTC.
  • Verge (XVG) traded down 9.7% against the dollar and now trades at $0.0066 or 0.00000058 BTC.
  • Vulcano [OLD] (VULC) traded flat against the dollar and now trades at $0.0127 or 0.00000180 BTC.
  • NEXT (NET) traded up 0.1% against the dollar and now trades at $1.44 or 0.00012690 BTC.
  • Function X (FX) traded up 4.2% against the dollar and now trades at $0.39 or 0.00003460 BTC.
  • Polymath (POLY) traded 8.5% lower against the dollar and now trades at $0.0659 or 0.00000580 BTC.

About CyberMiles

CyberMiles is a distributed proof-of-stake (dPOS) token that uses the Scrypt hashing algorithm. It launched on June 6th, 2016. CyberMiles’ total supply is 1,000,000,000 tokens and its circulating supply is 800,000,000 tokens. CyberMiles’ official Twitter account is @cybermiles and its Facebook page is accessible here. CyberMiles’ official message board is medium.com/cybermiles. The Reddit community for CyberMiles is /r/CyberMiles and the currency’s Github account can be viewed here. The official website for CyberMiles is www.cybermiles.io.

CyberMiles Token Trading

CyberMiles can be purchased on the following cryptocurrency exchanges: Binance, LBank, BCEX, IDEX, Koinex, IDCM, OKEx, Bibox, Huobi, Tokenomy, Bithumb, Cobinhood, CoinBene, Zebpay and DragonEX. It is usually not possible to purchase alternative cryptocurrencies such as CyberMiles directly using U.S. dollars. Investors seeking to acquire CyberMiles should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase CyberMiles using one of the exchanges listed above.

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IoT Chain (ITC) Hits 24 Hour Volume of $8.21 Million

One IoT Chain token can currently be bought for about $0.29 or 0.00002561 BTC on cryptocurrency exchanges including Bithumb, Bibox, Kucoin and …

IoT Chain logoIoT Chain (CURRENCY:ITC) traded down 16.5% against the US dollar during the one day period ending at 22:00 PM Eastern on July 11th. One IoT Chain token can currently be bought for about $0.29 or 0.00002561 BTC on cryptocurrency exchanges including Bithumb, Bibox, Kucoin and Huobi. IoT Chain has a total market cap of $22.54 million and $8.21 million worth of IoT Chain was traded on exchanges in the last 24 hours. During the last week, IoT Chain has traded down 2.7% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • XRP (XRP) traded 7.9% lower against the dollar and now trades at $0.33 or 0.00002905 BTC.
  • Binance Coin (BNB) traded down 4.1% against the dollar and now trades at $30.10 or 0.00263414 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00008745 BTC.
  • Bitcoin SV (BSV) traded down 13.3% against the dollar and now trades at $162.87 or 0.01425369 BTC.
  • TRON (TRX) traded down 11.1% against the dollar and now trades at $0.0282 or 0.00000247 BTC.
  • Stellar (XLM) traded down 6.8% against the dollar and now trades at $0.0879 or 0.00000769 BTC.
  • Crypto.com Chain (CRO) traded 43.9% higher against the dollar and now trades at $0.14 or 0.00001212 BTC.
  • NEO (NEO) traded 7.9% lower against the dollar and now trades at $14.70 or 0.00128663 BTC.
  • Chainlink (LINK) traded 9% lower against the dollar and now trades at $2.81 or 0.00024579 BTC.
  • IOTA (MIOTA) traded 6.2% lower against the dollar and now trades at $0.34 or 0.00002997 BTC.

IoT Chain Profile

IoT Chain (ITC) is a token. Its launch date was December 19th, 2017. IoT Chain’s total supply is 100,000,000 tokens and its circulating supply is 77,095,994 tokens. IoT Chain’s official website is iotchain.io. IoT Chain’s official Twitter account is @IoT_Chain. The Reddit community for IoT Chain is /r/itcofficial and the currency’s Github account can be viewed here.

IoT Chain Token Trading

IoT Chain can be bought or sold on these cryptocurrency exchanges: Bibox, Bithumb, Huobi, OKEx and Kucoin. It is usually not possible to buy alternative cryptocurrencies such as IoT Chain directly using U.S. dollars. Investors seeking to trade IoT Chain should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy IoT Chain using one of the exchanges listed above.

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Nano (NANO) Market Capitalization Achieves $148.57 Million

One Nano coin can now be bought for approximately $1.11 or 0.00009699 BTC on major cryptocurrency exchanges including OKEx, Koinex, …

Nano logoNano (CURRENCY:NANO) traded 9.8% lower against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on July 11th. One Nano coin can now be bought for approximately $1.11 or 0.00009699 BTC on major cryptocurrency exchanges including OKEx, Koinex, RightBTC and Coindeal. Nano has a market cap of $148.57 million and approximately $5.47 million worth of Nano was traded on exchanges in the last 24 hours. During the last week, Nano has traded 9.5% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded 4.2% lower against the dollar and now trades at $11,511.73 or 1.00000000 BTC.
  • Ethereum (ETH) traded 5% lower against the dollar and now trades at $272.74 or 0.02372449 BTC.
  • Litecoin (LTC) traded 3.4% lower against the dollar and now trades at $103.62 or 0.00901301 BTC.
  • Bitcoin Cash (BCH) traded down 8% against the dollar and now trades at $355.14 or 0.03089121 BTC.
  • Monero (XMR) traded 5.4% lower against the dollar and now trades at $89.12 or 0.00775208 BTC.
  • UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $1.51 or 0.00013157 BTC.
  • Ethereum Classic (ETC) traded 7.7% lower against the dollar and now trades at $6.69 or 0.00058181 BTC.
  • Zcash (ZEC) traded down 7% against the dollar and now trades at $89.28 or 0.00776633 BTC.
  • Bitcoin Gold (BTG) traded 1.4% higher against the dollar and now trades at $29.07 or 0.00252835 BTC.
  • Dogecoin (DOGE) traded 2.4% lower against the dollar and now trades at $0.0033 or 0.00000029 BTC.

About Nano

Nano (NANO) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on February 29th, 2016. Nano’s total supply is 133,248,297 coins. The official message board for Nano is forum.raiblocks.net. Nano’s official website is nano.org/en. The Reddit community for Nano is /r/raiblocks and the currency’s Github account can be viewed here. Nano’s official Twitter account is @raiblocks and its Facebook page is accessible here.

Nano Coin Trading

Nano can be traded on the following cryptocurrency exchanges: Nanex, CoinFalcon, Gate.io, CoinEx, Kucoin, Bitinka, OKEx, Binance, Bit-Z, HitBTC, Coindeal, Koinex, RightBTC and Mercatox. It is usually not possible to buy alternative cryptocurrencies such as Nano directly using US dollars. Investors seeking to acquire Nano should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Nano using one of the aforementioned exchanges.

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THETA (THETA) Hits 24 Hour Volume of $5.48 Million

One THETA token can currently be bought for $0.11 or 0.00000984 BTC on major exchanges including Binance, Bithumb, WazirX and Gate.io. During …

THETA (CURRENCY:THETA) traded 7.6% lower against the dollar during the 1 day period ending at 20:00 PM E.T. on July 11th. One THETA token can currently be bought for $0.11 or 0.00000984 BTC on major exchanges including Binance, Bithumb, WazirX and Gate.io. During the last week, THETA has traded 6.6% lower against the dollar. THETA has a total market cap of $97.12 million and $5.48 million worth of THETA was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Maker (MKR) traded 4.6% lower against the dollar and now trades at $663.22 or 0.05847831 BTC.
  • IOStoken (IOST) traded 0.3% lower against the dollar and now trades at $0.0396 or 0.00000526 BTC.
  • Huobi Token (HT) traded 3.8% lower against the dollar and now trades at $3.76 or 0.00033140 BTC.
  • Aurora (AOA) traded up 1.7% against the dollar and now trades at $0.0270 or 0.00000238 BTC.
  • Pundi X (NPXS) traded 8.1% lower against the dollar and now trades at $0.0007 or 0.00000006 BTC.
  • IOST (IOST) traded 13.1% lower against the dollar and now trades at $0.0097 or 0.00000086 BTC.
  • XMax (XMX) traded up 19.8% against the dollar and now trades at $0.0054 or 0.00000048 BTC.
  • Ren (REN) traded down 2.2% against the dollar and now trades at $0.10 or 0.00000917 BTC.
  • MCO (MCO) traded 2.8% higher against the dollar and now trades at $4.39 or 0.00068464 BTC.
  • Clipper Coin (CCCX) traded 2.3% higher against the dollar and now trades at $0.0183 or 0.00000161 BTC.

THETA Token Profile

THETA (THETA) is a token. It was first traded on November 23rd, 2017. THETA’s total supply is 1,000,000,000 tokens and its circulating supply is 870,502,690 tokens. The Reddit community for THETA is /r/theta_network and the currency’s Github account can be viewed here. THETA’s official Twitter account is @ThetaToken. THETA’s official website is www.thetatoken.org.

THETA Token Trading

THETA can be bought or sold on the following cryptocurrency exchanges: Hotbit, DDEX, OKEx, IDEX, Binance, Huobi, Gate.io, Upbit, Fatbtc, WazirX, Bithumb and Coinbit. It is usually not presently possible to purchase alternative cryptocurrencies such as THETA directly using U.S. dollars. Investors seeking to acquire THETA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase THETA using one of the exchanges listed above.

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