This Week at Binance: Dec 10—17, 2021

In at present’s version of This Week at Binance (Dec 10—17, 2021): We introduced Project Shield as a part of ongoing efforts to guard our customers, reiterated our dedication to constructing a secure crypto ecosystem for EEA and UK customers and lowered our VIP necessities. 

Fellow Binancians, 

Ho, ho, ho—Christmas is sort of right here, or ought to I say Cryptmas. If you’re nonetheless scrambling to discover a reward for this vacation season, ensure to take a look at our 12 crypto gift ideas

Weekly Market Recap

This week we noticed the overall crypto market cap lower 1.8%, from $2.26T on Dec 10 to $2.22T at the time of writing. 

Bitcoin (BTC) briefly traded above $50,000 on Dec 13 earlier than falling to a weekly low of ~$46,000 on Dec 14. BTC at present trades at ~$47,873 as of writing.

During the identical interval, Ethereum (ETH) traded above $4,000 earlier than falling to a weekly low of ~$3,680 on Dec 14. ETH at present trades at ~$3,962 as of writing.

1. Binance Announces Project Shield

As a part of our ongoing dedication to consumer safety, Binance is collaborating with CertiK and PeckShield to audit round 150 challenge tokens by the top of the 12 months. With the rising inflow of crypto customers, it’s extra essential than ever to make sure crypto exchanges are itemizing wholesome and bonafide initiatives. 

Learn more about Project Shield

2. The Importance of KYC for EEA and UK Users

KYC protocols guarantee customers take pleasure in a secure and safe crypto expertise freed from malicious people. Current and new Binance EEA and UK customers might want to full a brand new KYC stream by 2022. Users who full the KYC stream will even obtain a Binance NFT Mystery Box. 

Read more about KYC for EEA and UK users

3. Lower Requirements. Same VIP Benefits.

We’ve formally lowered the buying and selling quantity and BNB steadiness necessities to welcome extra customers into the Binance VIP expertise. As a VIP consumer, you’ll take pleasure in unique advantages resembling increased withdrawal limits, increased API frequency and decrease transaction charges.

Read the updated requirements

What’s Ticking on The Exchange?

New listings this week:

  • Highstreet (HIGH): Highstreet is an open-world MMORPG metaverse that includes buying, gaming, NFTs and conventional and crypto manufacturers.

  • Flux (FLUX): Flux is a decentralized cloud computing community on the Flux blockchain, which makes use of a Proof-of-work (PoW) consensus.

New Trading Pairs: 

  • December 16, 2021: COS/BUSD, CTXC/BUSD, FTM/TRY, MANA/BNB, MINA/TRY and XTZ/TRY (Read more)

This Week’s Activities:

Global Binance actions

  • #SantaGiftsaPlenty Take half in our festive exercise and win your share of $165,000 cashback in reward playing cards. (Read more)

  • Collect and win. Unlock the Binance Christmas tree and acquire playing cards to win your share of $300,000 in token prizes. (Read more)

  • Binance Card particular. Spend at least 500 EUR by January 15, 2022, and also you’ll get $25 in BNB. (Read more)

  • Merry Cryptmas! Share as much as $60,000 in metaverse token prizes and win unique Cryptmas Metaverse Mystery Boxes. Read more)

  • BNX staking particular. Stake your BNX, take pleasure in as much as 50,49% APY and share 330 BNX in rewards. (Read more)

Other Bits to Consider

  • New tokens can be found on Auto-Invest. Users can now choose ADA, DOT or SOL for auto-investment plans. (Read more)

  • Trading pairs elimination. Binance will take away and stop buying and selling for AXS/BIDR, CAKE/BRL, SUSHI/BIDR and WAVES/RUB on December 24. (Read more)

  • 71st part of Dual Investment. Subscribe to the 71st part of twin funding, and revel in a considerably increased rate of interest.  (Read more)

  • Binance NFT launches Tyson Fury Mystery Box assortment. The assortment showcases a collection of digital artwork items that includes Tyson Fury., together with a 1 of 1 NFT portray ‘The Gypsy King.’ (Read more)

Educational Bits From the Academy

  • NFT Staking. Learn all about NFT staking and the way it works. (Read more)

  • DeFi 2.0. Discover the subsequent iteration of DeFi and the way it goals to construct and enhance on the present model. (Read more)

Follow Binance on Twitter or Facebook for the newest information and updates.

Related posts

Season 3 of Binance Labs Incubation Program: Week 3 & 4 Recap

Crypto Advisor

Meet Timur the Traveller: Life as a Binance Angel

Crypto Advisor

Layer 1 Blockchain Tokens: Everything You Need to Know

Crypto Advisor

Leave a Comment