VHCEx Newsflash

Binance released DEX for public testing

At 8 AM, UTC, Feb, 20th, Binance officially launched their DEX for public testing. Users are required to have 1 BNB in their wallet to test Binance DEX. Additionally, Binance also warns users not to send a large, aggressive order at once. Furthermore, users can use Ledger to open their wallet and trading.

A few things you should know about Binance DEX:

• To submit a token, a user must have enough BNB (at least 2000 BNBs) then wait for voting results of validators to get the token listed. https://binance-chain.github.io/list.html
• Developers can freeze/unfreeze, mint, burn their token. On a side note, the total supply of a token is restricted to 90 billion.
• Order expire: Orders on Binance DEX will be expired at 1st midnight (UTC), 72hrs after the order get accepted. Additionally, when the order is canceled or expired, users will have to pay a fee. The full details can be found here: https://binance-chain.github.io/trading-spec.html
• Accelerated Nodes are used for facilitating accelerated transaction routing and provide richer, faster user interfaces.
• Binance Chain uses BFT and PoS (upcoming) based consensus mechanism to produce blocks.

Price analysis:

On 19th, February, the crypto market saw a massive jump boosted the value of BNB by almost 10%. Later on a small dump occurred. However, when the DEX was released, another massive green candle was inserted adding another 5% to BNB value. At the moment, BNB correcting.

With the launch of BNB's DEX, other DEXs will soon have to push as hard as they can to catch up to Binance's development.

Japanese’s Amazon, Rakuten will add crypto into their payment

According to the latest 2018 earning, Rakuten reported that cryptocurrencies payments would
be added to the next major update for their payment app. Additionally, the update is estimated
to be released on March 18th.

Vitalik Buterin revealed his holding in recent Reddit’s AMA

In the recent Reddit’s AMA, Vitalik revealed his crypto holding include: A 90% of ETH while the rest goes into BTC, ZEC, DOGE, BCH, KNC, MKR, OMG, REP.

UNCONFRIMED: KuCoin blackmailing projects

According to the blockcrypto, a leak source saying that useless projects will have to face delist or pay up to $180,000 to boost volume. At the moment, KuCoin hasn't said anything about this accusation.

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