BINANCE CEO CHANGPENG ZHAO HINTS ‘BINANCE CLOUD’ LAUNCHING IN 10 DAYS


The crypto derivatives market is betting on the 2020 election, and the CEO of Binance hints at a new product to be launched in the next 10 days. Let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we want to check out Paxful, Paxful is a peer to peer bitcoin marketplace, where you can buy and sell bitcoin with ease. Check out Paxful from the link below. And now, enjoy today’s episode. American provider of investment data Weiss Ratings has ranked Bitcoin (BTC) as “excellent” by assigning it an A- grade due to strong price performance. in late March 2019, Weiss Ratings put Bitcoin aside XRP and EOS as cryptocurrencies that have the best combination of adoption and technology. Now, Bitcoin has a higher grade than both those assets, with XRP standing at B- and EOS at C after a downgrade for centralization. XRP’s current rating is also lower than the A it was assigned in March. Do these ratings mean much for Bitcoin and the other assets moving forward? After launching TRUMP futures trading last week, FTX plans to release five additional 2020 presidential election-based futures products. The advised that they are about to come out with is just similar contracts for the top five Democratic candidates. FTX plans to launch a Bernie Sanders (BERNIE) futures trading product, as well as futures on Joe Biden (BIDEN), Elizabeth Warren (WARREN), Pete Buttigieg (PETE) and Mike Bloomberg (BLOOMBERG). Will one of the big stories in 2020 be the futures trading surrounding the American presidential election? Just a quick reminder, check out Paxful, Paxful is a peer to peer bitcoin marketplace, where you can buy and sell bitcoin with ease. Check out Paxful from the link below. And now back to today’s episode. Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG which is (Facebook, Apple, Amazon, Netflix and Google) this is due to their network effects. The reason is that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to cryptocurrencies at large: The more people that hold a crypto asset, the bigger increase in market value. Further reports have suggested that these companies intend to launch their coins after Facebook’s Libra introduction to the market. If this companies do bring out their own assets, will the prove to be more stable than bitcoin? Recently, Bitcoin (BTC) has been picking up momentum in part as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%. There is a lot of speculation about what the Bitcoin halving will actually do for Bitcoin. Let’s see what happens in the weeks and months to come. In a recent ask-me-anything Binance CEO Changpeng Zhao announced big plans for the cryptocurrency exchange in 2020. One of the most imminent and least explained was the hinted arrival of a new product called Binance Cloud, which apparently will be unveiled in the next 10 days. Exactly what Binance Cloud might entail was not explained, as Zhao remained tight-lipped during the AMA. However, the company is currently advertising for a Senior Cloud Engineer, to join the Cloud Engineering and Architecture Team. So, what is Binance Cloud, and how will it affect Binance and the greater crypto space? Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show also make sure you check out Paxful, Paxful is a peer to peer bitcoin marketplace, where you can buy and sell bitcoin with ease. Check out Paxful from the link below. For crypto global news I am Edward, until next time, you take it easy.

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