This Week at Binance: Dec 10—17, 2021
In today’s edition of This Week at Binance (Dec 10—17, 2021): We announced Project Shield as part of ongoing efforts to protect our users, reiterated our commitment to building a safe crypto ecosystem for EEA and UK users and lowered our VIP requirements.
Fellow Binancians,
Ho, ho, ho—Christmas is almost here, or should I say Cryptmas. If you’re still scrambling to find a gift for this holiday season, make sure to check out our 12 crypto gift ideas.
Weekly Market Recap
This week we saw the total crypto market cap decrease 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 before falling to a weekly low of ~$46,000 on Dec 14. BTC currently trades at ~$47,873 as of writing.
During the same period, Ethereum (ETH) traded above $4,000 before falling to a weekly low of ~$3,680 on Dec 14. ETH currently trades at ~$3,962 as of writing.
1. Binance Announces Project Shield
As part of our ongoing commitment to user protection, Binance is collaborating with CertiK and PeckShield to audit around 150 project tokens by the end of the year. With the increasing influx of crypto users, it’s more important than ever to ensure crypto exchanges are listing healthy and legitimate projects.
Learn more about Project Shield
2. The Importance of KYC for EEA and UK Users
KYC protocols ensure users enjoy a safe and secure crypto experience free of malicious individuals. Current and new Binance EEA and UK users will need to complete a new KYC flow by 2022. Users who complete the KYC flow will also receive a Binance NFT Mystery Box.
Read more about KYC for EEA and UK users
3. Lower Requirements. Same VIP Benefits.
We’ve officially lowered the trading volume and BNB balance requirements to welcome more users into the Binance VIP experience. As a VIP user, you’ll enjoy exclusive benefits such as higher withdrawal limits, higher API frequency and lower transaction fees.
What’s Ticking on The Exchange?
New listings this week:
Highstreet (HIGH): Highstreet is an open-world MMORPG metaverse that incorporates shopping, gaming, NFTs and traditional and crypto brands.
Flux (FLUX): Flux is a decentralized cloud computing network on the Flux blockchain, which utilizes 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 activities
#SantaGiftsaPlenty Take part in our festive activity and win your share of $165,000 cashback in gift cards. (Read more)
Collect and win. Unlock the Binance Christmas tree and collect cards to win your share of $300,000 in token prizes. (Read more)
Binance Card special. Spend at least 500 EUR by January 15, 2022, and you’ll get $25 in BNB. (Read more)
Merry Cryptmas! Share up to $60,000 in metaverse token prizes and win exclusive Cryptmas Metaverse Mystery Boxes. Read more)
BNX staking special. Stake your BNX, enjoy up to 50,49% APY and share 330 BNX in rewards. (Read more)
Other Bits to Consider
New tokens are available on Auto-Invest. Users can now select ADA, DOT or SOL for auto-investment plans. (Read more)
Trading pairs removal. Binance will remove and cease trading for AXS/BIDR, CAKE/BRL, SUSHI/BIDR and WAVES/RUB on December 24. (Read more)
71st phase of Dual Investment. Subscribe to the 71st phase of dual investment, and enjoy a significantly higher interest rate. (Read more)
Binance NFT launches Tyson Fury Mystery Box collection. The collection showcases a series of digital art pieces featuring Tyson Fury., including a 1 of 1 NFT painting ‘The Gypsy King.’ (Read more)
Educational Bits From the Academy
NFT Staking. Learn all about NFT staking and how it works. (Read more)
DeFi 2.0. Discover the next iteration of DeFi and how it aims to build and improve on the current version. (Read more)
Follow Binance on Twitter or Facebook for the latest news and updates.