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Binance Adds EOS And LINK to It’s Margin Trading

Sying Tien

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Binance’s Margin Trading platform has added EOS and ChainLink (LINK) to it’s platform.

New Margin Assets: EOS, LINK
New Borrowable Assets: BNB, EOS, LINK
New Margin Pairs: EOS/USDT, EOS/BTC, LINK/USDT, LINKBTC

On July 11th, Binance officially launches it’s 2.0 platform with margin trading to expand trading possibilities to meet the full scope of institutional and retail traders’ needs.

LINK USD price chart for the last 7 days:

EOS USD price chart for the last 7 days:

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Exchanges

Rakuten Has Launched Its Own Cryptocurrency Exchange

June G. Bauer

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Japan’s e-commerce giant Rakuten has announced the launch of its new cryptocurrency Exchange, Rakuten Wallet. Rakuten Wallet supports BTC, ETH and BCH, more cryptocurrencies will be added in the near future.

As per the announcement, Rakuten customers’ assets will be held in “cold wallet” to ensure safety, private keys will be managed through a multi-signature scheme, and that two-step authentication is also enabled for logging in and withdrawing funds. It also keeps customers’ funds separate from its own funds.

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BiteBTC Exchange Acquired by Seychelles Commercial Bank

June G. Bauer

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BiteBTC-exchange

BiteBTC exchange has been acquired by Seychelles Commercial Bank (SCB) and will be rebranded to Fedlio. BiteBTC’s current data including user databases, user wallets, orders and transactions history will be migrated to the new platform.

Fedlio is a registered new company but it will assumes all obligations to return the funds that were frozen at BiteBTC. As part of the updated KYC procedure, all blocked user accounts will be moved to the status of temporarily suspended. This group of users will have the opportunity to provide data to restore their accounts. The compliance team will be the responsibility of a team from the Seychelles Commercial bank department, which has the authority to restore and return the traders balances.

BiteBTC is an infamous cryptocurrency exchange that was owned and operated by two Singapore citizens Ng Chee Siang and Sim Zi Chao and was accused of faking trading volumes and scamming it’s uses.

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Binance’s Users KYC Data Reportedly Leaked Online

M. Ali

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It seems that some of Binance exchange’s KYC (Know Your Customer) documents have been hacked and leaked online including selfies of individuals holding up a piece of paper with the word Binance and the date the image was taken, there are literally thousands of KYC identities on a telegram group Find Your Binance KYC.

Some examples of the leaked documents were shared online by a Reddit user, faces and IDs censored for privacy of personal info.

Binances CEO tweeted right after the alleged data was shared online, asking users not to FUD.

Binance exchange issued a statement about the KYC leak stating that Binance was approached by unidentified individual who demanded 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data.

KYC means “Know Your Customer”. It is a process by which some cryptocurrency exchanges obtain information about the identity and address of the customers. This process helps to ensure that exchanges services are not misused. The KYC is required by large exchanges like Binance.

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