In the last two weeks, bitcoin has shown a steady downward trend of $ 2,000, with an ephemeral outbreak of $ 11,000 on Aug. 20-21. Current short-term direction is uncertain as to record trade volume. The altcoins are still weak – the domination of bitcoins is about 70%. Nevertheless, it remains exciting – here is the most important news of the last 2 weeks:
Binance launches a crypto loan platform at 15% per annum
Binance, one of the world's largest cryptographic markets, is launching a new loan platform today, August 28, on a first-come, first-served basis. The initial 14-day lending rate, with a fixed term, has been set at 15%, 10% and 7% for the NBB, USDT and ETC. The collected capital will be loaned to users of the new margin trading feature for a fee.
Binance announces the contest of Balance Venus
Binance wants to introduce the Venus cryptocurrency, which is based on the Binance internal string. Binance hopes to break "financial hegemony" and reshape the global financial system.
Venus is an open blockchain project aimed at developing "local" currencies and digital assets related to Fiat currencies. Binance aims to provide comprehensive technical support, a compliance risk control system and a multi-dimensional cooperation network for the construction of the Venus cryptocurrency, using its existing infrastructure and regulatory facilities. . Binance calls Venus an independent regional version of Facebook Libra.
Bakkt Bitcoin Futures should begin in September
The New York State Financial Services Department's (NYDFS) accreditation opens the door to Bakkt's long-awaited, settled Bitcoin future. Bakkt intends to launch its products on September 23rd. It is intended to offer two types of contracts: a daily contract and a monthly contract.
Bakkt is a startup founded by the Intercontinental Exchange Business Colony (ICE) in 2018. ICE is also the operator of the New York Stock Exchange (NYSE, commonly known as "Wall Street") and has attracted a number Powerful investors, the Boston Consulting Group, Microsoft Ventures, Horizons Ventures, Starbucks and Pantera Capital, which total more than $ 180 million invested in Bakkt
Facebook Balance still under pressure
Uncertainties continue to exist regarding Libra, a cryptocurrency developed by Facebook. Fearing an impending boost from financial regulators, some of the project's early sponsors plan to withdraw – which, exactly, is not known.
US Congressman Maxine Waters, who also heads House's Financial Services Committee, said in a statement on Sunday that the meeting left her with doubts "to allow a gigantic technology firm to create an alternative global currency under control. private". Even after meetings with regulators in Switzerland last week, many voiced their criticism.
Telegram wants to deliver its chip soon
As the New York Times reports, Telegram intends to give its investors the GRAM token announced last year to investors by October 31st. At a private sale, the courier application manufacturers took about $ 1.7 billion to finance the implementation of the cryptocurrency project. Buyers were promised to complete the token by the end of October 2019, otherwise they would get their money back.
The GRAM token is intended to serve as a means of payment for products and services, but unlike Libra, it is not designed as a Stablecoin, but its value will fluctuate like that of Bitcoin – according to what merchants already have in scholarship to pay the GRAM.