Binance Launches DEX
Binance has officially launched its Decentralized Exchange. The platform has the simple name Binance Decentralized Exchange. Users can register to use the Binance DEX from now on. However, only for three days as Binance will suspend registrations then until the 12th of May. Prior to the launch, various voices in the crypto space have criticized that Binance’s DEX is not really decentralized.
IMF Spring Summit Discussed Bitcoin Profoundly
The international monetary elite got together to discuss Bitcoin & Co. Christine Lagarde, the current director of the IMF led the panel. The participants were Jeremy Allaire, from the stablecoin project Circle, Benoit Coeuré, a French economist, Patrick Njoroge, the governor of the Nigerian Central Bank and Sarah Young, a representative of JP Morgan. The panel talked about the potential of Bitcoin, its risks and dangers and if a global regulation makes sense.
Changpeng Zhao Confirms That The Number Of Transactions Is At A Peak Level
The number of transactions in the Cryptocurrency market is at an all-time high, according to the CEO and co-founder of Binance, Changpeng Zhao. Popularly known as CZ, the CEO of Binance is confident that the bullish cycle is stronger than the market condition in January 2018 when the number of market orders was at the highest. It is important to note that more orders mean a higher RSI. This means in return that the market is currently overbought. However, the implication is that a rally starts if all factors are constant. Changpeng Zhao was speaking during an interview with CNBC Africa’s ‘Crypto Trader’ Ran Neuner (“@cryptomanran” on Twitter). The host was seeking to know whether the April Bitcoin surge is real.
Facebook Is Raising $1 Billion For Its Stablecoin Project
According to Nathaniel Popper-a reporter from the New York Times, Facebook is looking for Venture Capital companies to invest in its proposed cryptocurrency project. The firm wants to raise $1 billion and offer investors a stake in a project that could be worth billions of dollars in the long run. The proposed cryptocurrency will be a stablecoin. Stablecoins are very popular as they allow holders to enjoy the full benefits of both fiat money by being as stable as fiat as well as the advantages of Digital Tokens that include decentralization, privacy, security, peer-to-peer transactions, etc.