Bitcoin Below $12K, Margin Trading is Now Public on Binance
The CEO of Binance, Changpeng Zhao, (CZ) revealed that every user of their cryptocurrency exchange can now access margin trading services. Margin trading is the exercise of using borrowed assets (money) from a broker to sell or buy a financial asset, that makes the collateral for a loan from the broker. Binance is a worldwide digital currency exchange which offers a platform for buying or selling over 100 digital assets. Since January last year, Binance is regarded the largest cryptoasset exchange globally concerning trading volume.
Hackers Stole 7000 Bitcoin According to Binance CEO
The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), and his team gave a recap of the security incident that happened on May 7, an event that saw the exchange lose more than $40 million (7,000 BTC) from their Bitcoin hot wallet.
Bitcoin SV in Chaos with ShapeShift & Binance to Delist It
The hard fork of Bitcoin Cash led to the formation of two new cryptocurrencies i.e. Bitcoin SV and Bitcoin ABC. However, the latter has more support than the first. The flagship crypto exchange by trading volume Binance dropped this coin from being traded on its platform, ShapeShift is also planning the same.