Connect with us

Blockchain

Binance Turns 3 Quest: 90,000 PHP Promo. Complete More Tasks to Win Bigger

Binance is holding a bounty program with tasks for all Binance users to complete during the activity period.

The post Binance Turns 3 Quest: 90,000 PHP Promo. Complete More Tasks to Win Bigger appeared first on Bitpinas.

Republished by Plato

Published

on

Binance is celebrating its third anniversary and currently has an ongoing promo in the Philippines.

[Details]

Join us as we celebrate Binance’s 3rd anniversary!

To thank you for your continued support over the past three years, Binance is holding a bounty program with tasks for all Binance users to complete during the activity period.

We are giving away a total of 90,000 PHP worth of BNB.

Activity Period

July 6, 2020, 4:00 AM, to July 15, 2020, 4:00 AM (UTC+8)

Complete These Tasks

Task 1: Complete 1,000 PHP worth of crypto purchase using the Binance P2P platform (Trade on P2P now).

Task 2: Refer a friend and have them successfully purchase any amount of cryptocurrency using the P2P platform (Trade on P2P now). Learn how to refer your friends to Binance here.

Task 3: Complete a trade in the BTCUSD Quarterly Futures (minimum transaction amount of one contract) during the activity period (Go to trade). Binance Futures uses “contract” as a standardized size unit when describing a quarterly futures contract position size. 1 contract equals 100 USD in BTC.

Task 4: Refer a friend and have them successfully open a Binance Futures account. Learn how to refer your friends to Binance Futures here.

How to Win Rewards

  • Complete any 2 out of 4 tasks to equally split a prize pool of 10,000 PHP worth of BNB.
  • Complete any 3 out of 4 tasks to equally split a prize pool of 30,000 PHP worth of BNB.
  • Complete all 4 tasks to equally split a prize pool of 50,000 PHP worth of BNB.

Terms

  • All participants need to register on this form to be eligible in the program: https://bit.ly/38hsoX6
  • Trading pairs included in the campaign:
    • P2P: any cryptocurrency
    • Futures: BTCUSD Quarterly Futures contract.
  • This promotion is eligible only for users that is verified through the Identity Verification (KYC) process of Binance.
  • Binance Futures uses “contract” as a standardized size unit when describing a quarterly futures contract position size. 1 contract equals 100 USD in BTC.
  • Binance reserves the right to disqualify trades that are deemed to be wash trades or from illegal bulk registered accounts, self-dealing or display attributes of market manipulation, etc.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
  • Binance reserves the right to final interpretation of task completion on a per user basis. Any user deemed to be participating with malicious intent on any task will be disqualified from the Referral Program as a whole.
  • Rewards will be distributed to eligible participants within 2 weeks of the competition ending. Users will be able to confirm receipt of the rewards via the “Distribution History” page in the Wallet page.

Risk Warnings

  • Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
  • Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.

This press release is published on BitPinas: Binance Turns 3 Quest: 90,000 PHP Promo. Complete More Tasks to Win Bigger

Source: https://bitpinas.com/promotions/binance-turns-3-quest-90000-php-promo-complete-tasks-win-bigger/

Blockchain

Crypto P2P adoption in Middle East stymied by politics and tech

Republished by Plato

Published

on

Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. 

But undocumented migrants in western countries have been making use of these platforms to send money back home.

According to an October report from the firm, peer-to-peer crypto trading volume, or P2P, across the Middle East and Northern Africa is roughly 15% what it was in late 2017 on major platforms LocalBitcoins and Paxful — or roughly $682,000 a week.

“In general, there are several centralized exchanges providing services in the more developed Arab states,” states the report. “However, other countries in the region do not have this exchange infrastructure, and also lack financial and political stability, but [have] not seen any notable crypto adoption on the P2P.”

There is demand for P2P services in Middle Eastern countries facing inflation, as it allows residents to get money out of the country or simply convert to crypto. The Lebanese pound has suffered massive inflation in 2020. And while Iran has been a hotspot for crypto miners due to the low cost of electricity, its currency has also been ravaged by crippling hyperinflation since the United States reimposed sanctions in 2018.

Despite this, P2P exchanges in both Lebanon and Iran are struggling to establish a foothold due to “poor Internet infrastructure and political regimes being negative towards Bitcoin.”

Instead, Arcane researchers found that “less sophisticated” Bitcoin (BTC) P2P trading methods have grown in the region during the same period, spurred by messaging apps like WhatsApp.

The report also indicated that undocumented immigrants living in western countries are turning to crypto to send funds home using gift cards in conjunction with P2P trading platforms when local laws make sending crypto more difficult.

In September, Paxful announced that it would no longer provide services in Venezuela due to regulations and sanctions related to the U.S. Office of Foreign Assets Control. Despite this the country accounted for 42% of the P2P volume across all of Latin America, which now sits at $4.3 million.

Arcane Research suggests Venezuelan immigrants have found “workarounds” to send money home  amid “clamp downs on cryptocurrencies and strict currency control.”

According to researchers, immigrants can purchase gift cards to any number of popular retailers like Amazon or just a prepaid credit card, and send a picture of it to family and friends abroad. The recipients could then sell it for Bitcoin using a P2P platform and convert it into local currency. The report stated that such a remittance method was fast and reliable, but incurred significant fees.

Bitcoin is also a good way to get money out of the country. “Bitcoin can be used as a capital flight tool for Venezuelans,” stated the report. “The hyperinflation is a huge problem for Venezuela and [has] caused over 10% of the population to leave the country.”

Source: https://cointelegraph.com/news/crypto-p2p-adoption-in-middle-east-stymied-by-politics-and-tech

Continue Reading

Blockchain

Grayscale adds a ‘cool $300M’ in a day and $1B this week

Republished by Plato

Published

on

Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week.

According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in assets under management (AUM). That’s a billion-dollar increase on the $6.3 billion AUM Grayscale reported on Oct. 15. Each report is delayed by 24 hours so it refers to the previous day’s figure.

The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC) and Ethereum (ETH), along with the firm’s digital large cap fund. The most recent spike is likely linked to the surge in crypto market prices following the recent news PayPal would offer crypto payments from 2021.

Grayscale reported its Litecoin (LTC) Trust had increased the most since the previous day’s report, by more than 7.5%. The company’s Zcash (ZEC) Trust increased by more than 6% in the same period. The firm also has small allocations in Ethereum Classic (ETC), Horizen (ZEN), Stellar Lumens (XLM), XRP, and Bitcoin Cash (BCH).

Grayscale CEO Barry Silbert commented on the investment firm’s recent rise on Twitter, stating it had “added a cool $300 million in AUM in one day.”

With Grayscale’s Bitcoin Trust currently holding more than $6B assets under management, this effectively means the investment firm controls roughly 2.5% of the total coin supply — currently at 18,522,937 according to CoinMarketCap. The total supply of Bitcoin is capped at 21 million, meaning there are roughly 2.5 million BTC left to be mined, or about 11.9% of the total Bitcoin to be generated.

Grayscale has recently be joined by other major financial institutions that also see the potential of crypto. Along with MicroStrategy’s purchase of $415 million BTC this year, monitoring resource Coin98 Analytics reported digital asset manager CoinShares controlled 69,730 BTC as of last week — worth more than $900 million following the coin’s surge past $13,000 today.

Source: https://cointelegraph.com/news/grayscale-adds-a-cool-300m-in-a-day-and-1b-this-week

Continue Reading

Blockchain

Kik Survives Grueling SEC Battle, Kin Token Continues Trading

Republished by Plato

Published

on

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: https://cryptobriefing.com/kik-survives-grueling-sec-battle/

Continue Reading
Blockchain3 days ago

Hackers Donate Stolen Bitcoin Worth $20,000 to Two Non-Profit Organizations

Blockchain3 days ago

Bitcoin “Exchange Fud” Dies Down With OKEx And BitMEX Controversies

Blockchain3 days ago

Bitcoin Decoupling Nearing $12K As Wall Street Tumbled: Crypto Market Watch

Blockchain4 days ago

Malware scam tricks user into sending $79,480 worth of Bitcoin

Blockchain3 days ago

Bitcoin Price Analysis: These Are The Next Possible Targets Beyond $12,000

Blockchain4 days ago

Critical Ethereum Pullback Offers Sidelined Investors Long Entry

Blockchain2 days ago

Bitcoin trader shares 7 reasons to be bullish on BTC beyond $12K

Blockchain2 days ago

Ethereum Price Set to See Higher Gains as ETH 2.0 Beacon Chain Genesis Expected Soon

Blockchain1 day ago

Chainlink Could Follow Bitcoin and Go Parabolic if It Breaks One Key Level

Blockchain1 day ago

Bitcoin blasts through $13K following PayPal’s entrance into crypto

Blockchain1 day ago

Traders’ Digest: After $12K, Bitcoin Is Heading To $14,300 Before 2021

Blockchain1 day ago

Bitcoin Just Tapped $13,000 as Buyers Continue to Rush In

Blockchain4 days ago

Real Estate Token Contracoin to List on ProBit Exchange

Blockchain3 days ago

An encryption study revealed a surprising fact about blockchain adoption in Mexico

Blockchain4 days ago

Swiss gov’t starts consultation process for blockchain laws

Blockchain2 days ago

Bitcoin average transaction value increases 500% since July

Blockchain4 days ago

Options Trends Makes it Hard for This Analyst to Imagine a Bitcoin “Mega Pump”

Blockchain3 days ago

CBDC’s Are Coming Fast But Will Not Replace Bitcoin – Raoul Pal

Blockchain3 days ago

Bitcoin Miner Daily Revenue Slumps to $345K Amid Rising Wrapped BTC and HODLing Frenzy

Blockchain4 days ago

Latvian regulators warn public about cryptocurrency fraud

Blockchain3 days ago

Why You Should Be Excited About Ethereum 2.0

Blockchain4 days ago

Turkish Company Payguru to Provide SMS Payments to Residents

Blockchain3 days ago

Public Corda blockchain network gets its first digital currency, XDC

Blockchain2 days ago

Ripple CTO Assesses XRP as a Bridge Cryptocurrency Between CBDCs, Stablecoins, and Fiat

Blockchain4 days ago

Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release

Blockchain3 days ago

Bitcoin Mixer Penalized by FinCEN With $60 Million in Fines

Blockchain5 days ago

Flippening: Crypto Decentralized Exchanges Grew More Than Centralized Ones In Q3 2020

Blockchain3 days ago

Ethereum Prices Set to Surge as Beacon Chain Genesis Nears

Blockchain2 days ago

Abramoff-linked crypto firm says SEC has no case against it

Blockchain5 days ago

KuCoin hacker on the move; Stolen funds worth $665K transferred

Trending