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Binance Futures Launched VeChain Perpetual Contract

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Binance futures launched

As of today, the futures trading platform of Binance, Binance Futures launched a perpetual contract for Vechain (VET) as we are about to read in the Vechain news.

Binance info described VeChain as:

“With the concept of ‘Live for Collaboration’, the VeChain project began in 2015 and is built to be the public blockchain platform supporting blockchain-based business applications offering real economic and social value. As a leading global enterprise-level public blockchain platform, the VeChainThor Blockchain provides a comprehensive governance structure, a robust economic model, and advanced IoT integration, which can build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration and high-speed value transfer.”

Binance futures launched a new product and according to the official announcement, the project aims to prevent market manipulation so the platform will implement a pricing limit of +- 1% on the marked price in the first 30 minutes after the trading session starts. As with the previous BAT/USDT perpetual contract that was announced, the VeChain perpetual contract on Binance Futures is similar to the trading pairs on the spot market since they are ‘’price and settled in the same manner’’ as per the VeChain news reports.

Binance Futures will also be able to choose between 1x and 50x leverage and some of the main specifications of the contract include a quote asset that is USDT, base asset that will be VET, a settlement asset that will be USDT, one contract unit will be 1 VET, the tick size will be 0.00001and the minimum contract quantity 0.1. Also, the maximum contract quantity will be 10 million and the base maintenance margin rate will reach 1.00 percent while the liquidation fee will reach 0.5%.

The other 20 perpetual contracts aside from Vechain that are offered by Binance Futures include, ETH/USDT, BCH/USDT, XMR/USDT, Dash/USDT, ZEC/USDT, LTC/USD, BTC/USDT, LINK/USDT, XL/USDT, ATOM/USDT and many more.

The VeChain (VET) cryptocurrency is one of the rare trendsetters in the altcoin news and rumors with not many stories or developments behind it. However, all of this has changed this last quarter of 2019 and we can see that in the wave of updates, a new VeChain price prediction was established by a couple of analysts.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Binance News

Binance UK News Show Buying BTC Is Now Easier Than Before

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The world's leading cryptocurrency exchange (as they describe themselves) and the largest one by trading volume, Binance, is in the cryptocurrency news again. Today, we are focusing on the Binance UK news and showing all the ways that you can play around with buying BTC/GBP offerings on the platform. As you probably know, there have been several ways to buy Bitcoin in the UK. One of the best ways is via Binance Jersey, the fiat-to-cryptocurrency platform for buying crypto in the UK and the rest of Europe, as well as other fiat currencies in the area such as the British pound and the Euro. As a major economy, the UK is ahead of the curve when it comes to crypto-related activities. The Binance UK news show that the interest for buying cryptocurrency is big and buying Bitcoin (BTC) has become a common action in the country. In fact, Binance reported that a study found that more than 90% of the people in the country are aware of Bitcoin and 9% of them actually own cryptocurrencies. This is a good signal considering the fact that the awareness of BTC and the Bitcoin news is lower in other parts of the world. Brits, however, know what crypto is and understand how Bitcoin works. This indicates that the potential for buying the dominant coin in the UK has become mainstream. Aside from this, Binance is offering at least two ways to buy BTC in the UK: through Binance Jersey and via credit card on Binance. If you are interested to see the Binance UK news showing how to buy BTC in the UK through Binance Jersey, the steps are as following:
  1. Create an account on Binance Jersey and complete the verification process
  2. Log in to your account, go to Funds>Deposits>GBP
  3. Enter your desired deposit amount in GBP and click on 'Submit'
  4. Go to your bank to complete the deposit
  5. Once you complete it, check your Binance Jersey account to see the status of your deposit
  6. Use the deposited GBP to buy crypto such as Bitcoin
If you want to purchase BTC with credit card, you need to:
  1. Log in to your Binance account (or create one if you don't have it)
  2. Visit this link 
  3. Enter how much BTC or other cryptocurrencies you want to buy
  4. Read through the order and accept it, and then click on Go To Payment
  5. You will be reloaded to Simplex, where you can verify your details and enter the details of your credit card
  6. Once you provide the needed info, the transaction will be finished!
We hope this article helped you see how to buy BTC through Binance in the UK.
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Malta’s Financial Watchdog Says Binance Is Not Licensed

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Malta’s financial watchdog explained that Binance is not licensed or regulated to operate in Malta as we are reading further in the Binance news today. Malta’s financial watchdog or the Malta Financial Services authority recently released a new statement announcement that the world’s largest crypto exchange by trading volume is not authorized to operate in the island nation. The company is not a subject to regulatory oversight by the MFSA according to the announcement. Malta’s financial watchdog revealed that there is an ongoing investigation to assess whether the exchange has activities in the nation or they simply fall within the realm of regulatory oversight:
 “Admission of virtual financial assets to trading and/or for offering virtual financial assets to the public in and from Malta requires an MFSA licence in terms of the Virtual Financial Assets Act (CAP 590) of 2018.’’
Due to spur that the MFSA’s statement caused in the crypto community, Changpeng Zhao who is the CEO of Binance, took it to twitter to explain the allegations saying that this is ‘’old news’’ :
 “There is a mix of truth, FUD & misconception. Binance.com is not headquartered or operated in Malta. This is old news & has always been the case, hence there is quite a bit of FUD turning this into a breaking story. The community’s comments show that understanding.’’
Zhao added that the company operates in a decentralized manner and reached more than 180 nations worldwide. Binance does have a huge number of regulated entities across the world and it has a goal to become a fully decentralized autonomous organization. Users still don’t know where Binance is actually located since it announced it is moving to Malta back in 2018 after they were forced to move out from Japan because of the harsh regulatory climate. During the same time, Joseph Muscat who is the prime minister of Malta, appeared to have welcomed the exchange to the island:
 “Welcome to Malta Binance. We aim to be the global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies.’’
Binance’s chief growth officer admitted in an interview about the offices in Malta:
 “We have offices in Malta for customer services, and some compliance people there, but it’s not the headquarters per say. It’s the spiritual headquarters. It’s a name that people think about when they think about Binance.’’
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Binance CEO Is Sure: BTC Halving “Not Priced In Yet”

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The CEO of the leading exchange in terms of volume has spoken out and commented on the upcoming Bitcoin halving. The Binance CEO is sure that the price of the dominant coin has not yet adapted to the upcoming block reward halving. Changpeng Zhao, who is the co-founder and CEO of Binance, has suggested that Bitcoin's price will see more upwards movement in the future during an interview on February 20. He explained that historically, Bitcoin's block reward halving events have had a positive impact on the coin's price. In the Binance news today, he also spoke about miners and how they have to spend almost two times as much to mine a single coin. Zhao noted that an asset's price is determined by demand and not the cost of production. He expects that miners will not be willing to sell below the price of production. Furthermore, Zhao said that another consequence of a lower Bitcoin block reward is less inflation which should help the price rise. He noted that the effects of lower coin production will be augmented by an increasing number of users in the space. As he said:
“The demand side is increasing, the supply side is decreasing.”
However, he also explained that he expects there to be a resistance which will keep Bitcoin's price around $10,000 for some time. The Binance CEO is sure that “there are psychological barriers around nice round numbers. So 10,000 is a very nice round number, so [...] the price will fluctuate back and forth around that a bit.” While the Bitcoin price just dropped below $10,000 again, the outlook for Bitcoin is mostly positive according to a lot of experts. Recently, the market analyst Keith Wareing said that this week saw Bitcoin ascending its 50-day moving average cross over its 200-day moving average. This rare bullish sign is known in the cryptonews as a "golden cross" and Wareing suggested that BTC can hit $26,000 in two months thanks to a bullish event which previously triggered 170% price gains. However, events like that are only hypothetical now, especially given the fact that Bitcoin is at $9,600 and in a bearish momentum just like the rest of the marketplace.
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Binance Stops Trading To Resolve A Technical Issue

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The major cryptocurrency exchange Binance stops trading today due to a technical problem that was found on its platform, described as an issue "related to infrastructure." It all began when the cryptocurrency news today showed an announcement published by the exchange this morning which notes that due to unscheduled system maintenance, Binance suspended most of its activities. More precisely, today it is not possible to perform  “deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts, and fiat wallets” on the platform. A statement shared with many media outlets covering the Binance news showed that Binance stops trading - but reassures that partner exchanges such as Binance.US were unaffected and that trading activity will resume shortly. Even the co-founder and COO of the exchange, Changpeng Zhao, talked about the reasons why Binance stops trading and explained some things on Twitter. One tweet sent by him earlier today indicates that one of the market data pushers experienced an issue, but the matching engine did not so no funds or data were lost. He also noted that futures trading is continuing normally since it employs a separate matching engine. There was also an attempt to compensate users for the market disruption as Binance stops trading today (February 19) by the co-founder and CEO. Zhao promised to waive the trader margin interests for today. In his latest update, he also noted that the issues are nearly resolved and that users will have 30 minutes to cancel their orders before the normal trading resumes. This is only one of the issues seen by Binance this month. On February 17, the exchange released a separate report on performance problems. In the report, the firm admitted that it did not anticipate the volume of users who started using the platform. The paper read:
“Last week was a tough one. [...] We had a number of performance issues, which negatively impacted the accessibility of our platform.”
Per the report, we can see that Binance trading platform was unable to manage all users and keep market data, the orders and the balances up to date. The firm also promises to solve the issues soon and encourages users who were damaged by these performance issues to get in touch with the support.  
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