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Binance.US – America’s home to buy, sell, trade, stake, and convert digital assets – today announced that it has, in less than four months, become the largest on-chain staking provider in the U.S. by adding the SKALE ($SKL) and Threshold ($T) cryptocurrencies to its staking platform, bringing the total number of assets available for staking to 15. Earlier this month – and prior to “The Merge” – Binance.US announced that Ethereum was available for staking on its platform, offering a starting annual percentage yield (APY) rate of 6%, higher than any other major U.S. crypto exchange at the time of…
In September 2022, Binance.US introduced SKALE Network (SKL) staking, with an introductory APY of 10.9% at launch. Recently, we sat down with Ebru Engwall and John Frost from SKALE Network’s Solutions Engineering team to learn more about the platform, which defines itself as a “100% decentralized network that will bring the power of Ethereum to billions of users through a world of interconnected, limitless SKALE chains.” Continue reading for a transcript of our conversation, which originally aired on Twitter Spaces, hosted on our handle @BinanceUS. A Conversation With the SKALE Network (SKL) Team Note: The following section features a transcript…
Bitcoin and Ethereum (ETH) command a huge part of the attention in the crypto space. But what’s the difference between Bitcoin and Ethereum and what do their differences imply for people looking to buy, hold, or trade crypto? And why have their creators pursued differing strategies in shaping how their cryptos function? In this article, we’ll dig into some key similarities and differences between these two most popular cryptocurrencies. Along the way, you’ll also learn the fundamentals of foundational technologies that enable cryptocurrencies. Table of Contents The Similarities Between Bitcoin and EthereumThe Difference Between Bitcoin and Ethereum: BitcoinThe Difference Between…
At Binance.US, we believe in putting financial freedom in the palm of your hand. As the crypto platform of choice for millions of customers across the U.S., see how far we’ve come over the past three years, and get a preview of where we’re headed next. For more information, visit our homepage: https://www.binance.us/
On September 22, 2022, we celebrated our 3 year anniversary by inviting our community to an all-night virtual event at the Binance.US Lounge in Portals, a metaverse platform where players can meet, interact, and mingle in a virtual environment. With hours of live music and several rounds of NFT airdrops going all through the night and into the next morning, we handed out thousands of NFT prizes to the community members in attendance. All told, we had more than 2,000+ people who attended, dressed in their Web3 finest — across dozens of packed virtual rooms. Whether you danced the night…
Blockchains are the foundation for cryptocurrencies. They often employ one of two different governing techniques: proof-of-work (PoW) or proof-of-stake (PoS). But what work is being proved? What’s at stake? And why does it matter? This article will provide the basic concepts you’ll need to understand why these techniques exist, how they work, and what difference it makes to the blockchain and the crypto it supports. Table of Contents Blockchains: Where Crypto LivesProof-of-Work Versus Proof-of-Stake: Validation Versus ConsensusMiners Get to Prove Their WorkHow Do Proof-of-Work Blockchains Operate?How Does Proof-of-Work Ensure Coordination and Security?Which Blockchains Use Proof-of-Work?What’s Proof-of-Stake?Proof-of-Work Versus Proof-of-Stake: The Primary…
Staking Ethereum (ETH) is a unique way to earn rewards on your crypto without having to make profits from trading. In this article, you’ll learn how ETH staking works, the benefits it has to offer, and how to get started. What Is ETH Staking? Defining ETH Ethereum is a programmable, decentralized blockchain platform for smart contracts that allows users to build and deploy decentralized applications (dApps) on its network. Most notably, the Ethereum network is home to a vibrant ecosystem of crypto projects — and remains the world’s most popular platform for dApps. Its native token, Ether (ETH) is the…
CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory review. Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. The new contracts are cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day measures of the EUR-denominated price of BTC and ETH. “Euro-denominated cryptocurrencies are the second highest traded fiat…