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Nov 13
2020
Binance Weekly Report: Wrapped BTokens on Ethereum, BTC at $16K, ETH Mining on Binance Pool

In this weekly report (November 7 to 13, 2020): Introducing wrapped BTokens on Ethereum, new Launchpool project Unifi, and ETH mining on Binance Pool.

Crypto Market Overview

We haven’t seen Bitcoin this expensive since December 2017. Is the next ATH nearby? 

Bitcoin started the weekend moving around $15,500 and throughout the week steadily climbed to a price we haven’t seen in a while. Hours after a 35-month high of $16,400, Bitcoin closed the week trading at $16,200.

Ethereum is experiencing high volatility throughout the whole week. ETH hit a weekly low of $420 before quickly bouncing up to around $470 by the week’s end. Meanwhile, BNB reached its weekly high on Saturday at almost $30, before quickly dropping to a weekly low of $27. At the time of release, BNB trades slightly above $28.

The cryptocurrency industry’s total market capitalization started the week at $443 billion, with a slight upwards movement throughout the week, before reaching $464 billion on Friday, the highest point since May 2018.

For more crypto-related news and updates, head over to the Binance News service. We now move to updates from the Binance ecosystem and beyond. 

Binance Smart Chain (BSC) Updates

1. Explore the DeFi Ecosystem with BTokens: Introducing Wrapped Tokens on Ethereum. At Binance, we believe in increasing the freedom of money for all. When it comes to your tokens, you should be in control. That’s why we launched Project Token Canal, which lets you transfer your tokens from other chains to Binance Smart Chain, and vice-versa, via the magic of wrapped tokens. 

2. Three-part tutorial for developers building on Binance Smart Chain. Learn how to set up a Smart Contract or create your own BEP20 and BSC NFT tokens on Binance Smart Chain in our three-part tutorial. 

3. BUIDL Reward Program Updates - October

4. Learn how to swap any coin or token for 0 fee, including BNB to BEP20 with the BSC Swap Tutorial from the SafePal team

5. Meet the first of over 50 projects deployed on BSC to date - BSC Project Spotlights: ForTube

6. Binance Extension Wallet v1.114 has been released

From the Binance Team

7. Binance awards $200,000 bounty for DOJ indictment of attackers behind 2018 phishing campaign. The U.S. Department of Justice indicted two people who were responsible for an attempted hack on our exchange in March 2018. The U.S. Department of the Treasury’s Office of Foreign Assets Control simultaneously announced sanctions targeting the individuals. 

8. 5 Highlights from Binance Summit: Blockchain Applied. Thanks for joining us at the Binance Summit, our latest event about the applications of blockchain. In this article, we provide you a rundown of the noteworthy things that were discussed during the summit.

9. Is Bitcoin Finally Going Mainstream? Bitcoin recently crossed $16,000, reaching almost 125% YTD growth. What does this mean for everyday buyers and sellers of Bitcoin, and what can you do to capitalize on this trend? Read our article to learn more.

Binance Exchange Updates

10. Binance Launchpool Supports New Project - Unifi Protocol DAO, a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development. 

11. Binance pledges $100,000 donation to Gitcoin grants. During the Binance Summit: Blockchain Applied, our CEO CZ, pledged to donate $100,000 to the next Gitcoin Grants Matching round to support up-and-coming Ethereum projects. 

12. Binance Pool launches Ethereum mining pool. Enjoy Zero pool fees for the first month! Our Binance Ethereum mining pool utilizes the FPPS mining method and charges only a 0.5% pool fee for Ethereum mining. Binance Pool has deployed mining nodes worldwide to support participation from the global mining community.

13. Binance Pool is now the fourth biggest BTC mining pool in the world. Thank you for your support.

14. NEW LISTINGS:

15. NEW TRADING PAIRS: DNT/BUSD, DNT/USDT, ADA/EUR, and LTC/NGN 

16. Binance completes Ambrosus (AMB) mainnet swap on November 13. 

17. Stratis (STRAT) Token Swap to STRAX Will Be Supported on Binance

18. Binance Staking Launches TOMO, KMD & ALGO Super Rewards with up to 24.79% APY

19. Binance Loans Adds BTC & ETH together with AKRO as borrowable assets.

20. Adjustments to the Daily Interest Rates for Borrowing BCH

21. Binance Pool launches 15th phase of Dual Savings products for BTC, USDT, and BUSD.

22. Removal of Trading Pairs: AION/BUSD, DCR/BUSD, EVX/ETH, HC/USDT, ONE/USDC, PAXG/BUSD, and VTHO/BUSD.

Binance Futures/Options/Margin Updates

23. 3 Tips To Trade Leveraged Tokens in Trending Markets. This article dives into how you can trade leveraged tokens in trending markets and maximize your winning potential in every trade. Here are the three essential tips that you should consider.

24. Binance launches Coin Margined Futures fee discount program. Users can deposit BTC to get a discount on fees.

25. Binance Futures now available on desktop app.

26. NEW Cross-Margin Asset: AAVE

27. NEW on Binance Isolated Margin: On November 10, we added CVC, DNT, ALPHA, INJ, and on November 12, we added AXS, CTK, EUR, LOOM, and UTK. (AAVE was also added to Cross Margin trading.)

28. NEW USDT-Margined Perpetual Contract: CVC/USDT (up to 50x leverage)

Binance Ecosystem Updates

29. The Sandbox opens NFT presale: Buy LAND near Binance. Decentralized gaming virtual world and Binance Launchpad alumnus The Sandbox announced that 1,859 premium LANDS NFTs (non-fungible tokens) adjacent to Binance estates will be available for purchase for the first time, during its highly anticipated LAND presale on November 12 at 1PM GMT.

30. Binance Charity Launches Incentive Airdrop Project. To encourage more people to volunteer for the good of society, Binance Charity is launching a crypto airdrop initiative that gives incentives to volunteers and manages tasks. 

31. Binance Academy’s newest articles:

32. Binance Research’s newest reports:

33. Are you a content creator interested in cryptocurrencies? Do you want to promote Binance to your audience and build your affiliate network? Join the Binance Affiliate Program and boost your earnings!

Binance Fiat/Stablecoin/BNB Updates

34. Deposit HKD, NOK, and PEN with your credit/debit card. Buy crypto on Binance with fiat currencies HKD, NOK, and PEN using a credit or debit card.

35. NEW GUIDES: How To Buy Bitcoin in Kenya and South Africa. Binance P2P is the best way to buy Bitcoin peer-to-peer in these countries. If you want to start making money via peer-to-peer Bitcoin trading, keep reading this step-by-step guide.

36. Yeh Dhanteras, Bitcoin ka Muhurat. You still don’t own any digital gold? Get 10% off on BTC with Binance P2P in India this Dhanteras!

Promos and Community

37. NEW: Trade BLVT to Complete Your Logo Collection - 30,000 USDT to Be Won! Can you collect all six BLVT logos? Give it a try and see if you can be one of the 15 lucky winners to get 1,000 USDT!

38. NEW: Binance Vanilla Options Public Test: Participate and Win BNB Prizes. We launched the Vanilla Options testnet and we’re looking for users to participate in our public test of Binance Vanilla Options. Participate and win up to 50 BNB or trade and earn up to 150 BNB.

39. NEW: MyBinance App Challenge: $500 in USDT to be Won! Trade NGN on the Go. The competition ends on November 20.

40. NEW: Binance South Africa Visa/Mastercard Cashback Campaign. All South African users who successfully complete their first purchase, of any amount, will get a 100 ZAR ($6) cashback! 

41. ONGOING: Akropolis (AKRO) Trading Competition - $50,000 to be Won!

42. ONGOING: The Return of SEA Olympics: The SEA Trading Competition. The second round starts November 16!

43. COMPLETED: Win Limited-Edition Animated Halloween Binance NFTs! 

44. COMPLETED: FIL Competition ended on November 13.

45. COMPLETED: Week 12 of the 12-week SXP token airdrop to BNB holders on Binance.

46. COMPLETED: Thailand Promo: Trade Anywhere with the Binance App Challenge 

47. COMPLETED: Binance Learn & Earn Recap and Quiz: $20,000 ORN Giveaway 

That’s a wrap for the past week. Follow us on Twitter, Instagram, Facebook, and YouTube, and join our official Binance Telegram group to talk more with our community.