Crypto social trading

 BingX Donates NT$3 million to Assist in Taiwan Earthquake Relief Efforts On 20 September 2022, BingX, the leading social trading crypto exchange, announced a donation of NT$3 million to assist in the September earthquake relief efforts in Taiwan. A 6.8 magnitude earthquake at a depth of 7km hit the South-eastern part of Taitung and Hualien, with aftershocks felt across the whole of Taiwan and disasters reported in the Huadong area. The earthquake derailed train carriages, causing a convenience store to collapse and trapping hundreds on mountain roads. It was also reported that one person had died and 146 were injured by the quake. We immediately set up a donation account and transferred NT$3 million to assist in relief efforts. “Since 2019, BingX has been actively supporting charitable organisations and helping disaster relief efforts in Taiwan and around the world,” said Josh Lu, director of BingX Taiwan. In addition to contributing to social corporate responsibility, this donati...

 BingX Secures Compliance Licenses in the United States and Canada to Further Improve the Global Security System As of 9 February 2022, BingX, the world’s leading social trading platform, is proud to announce that it has received official approval in the United States and Canada to become one of the few Money Services Business (MSB) exchanges under regulatory control. BingX has also taken initial steps to form a compliant and secure crypto asset system. A series of regulatory approvals mark the further progress of BingX’s global compliance. The US and Canadian licences mark a milestone for BingX’s entry into mainstream global markets. In particular, the financial markets of developed countries such as the United States and Canada have strict and complex regulatory ecosystems. By becoming an authorized MSB, BingX will be able to provide compliant products and services with government approval in the United States and Canada.  The recognition of multiple countries not only ensur...

 Mazars Group cut ties with Larger Crypto exchanges after releasing Proof Of Reserves for other Crypto Exchange A week ago, top copy trading crypto exchange, BingX released Proof of Reserves after an audit done by Mazars Group. Proof of reserves is a way for a company or organization to prove that it holds a certain amount of assets or financial instruments, such as cash, securities, or cryptocurrency, in reserve. This is often done to demonstrate financial stability, transparency, and accountability to customers, stakeholders, or regulators. There are various ways to provide proof of reserves. A company may publicly disclose its financial statements, which are audited by an independent third party and include details about the company's assets and liabilities. The audited company may also provide proof of reserves by allowing an independent auditor to verify the existence and ownership of its assets. In the context of cryptocurrency, proof of reserves is a way for a cryptocurrency...

 What is Solana and how does it work? Solana is a decentralized, open-source blockchain platform that aims to provide fast, secure, and scalable blockchain infrastructure for decentralized applications (dApps). It is designed to enable users to build and deploy dApps that can process millions of transactions per second, with low fees and high security. Solana uses a unique consensus mechanism called Proof of History (PoH) to validate transactions and maintain the integrity of the blockchain. PoH is a variant of Proof of Stake (PoS) that relies on the creation of a "hash chain" of timestamps, rather than on the mining of new blocks. Each timestamp in the hash chain is created by combining the previous timestamp with the hash of a set of transactions, and the chain is cryptographically secure because each timestamp depends on the previous one. To participate in the Solana network, users can either run a full node, which stores the entire blockchain and helps to validate and re...

 What is Cardano? Cardano is a decentralized public blockchain and cryptocurrency project that is focused on providing a secure and scalable platform for the development and execution of smart contracts and decentralized applications (dApps). It is built on a proof-of-stake consensus protocol, which allows users to validate transactions and earn rewards by "staking" their holdings of the Cardano cryptocurrency, ADA. Cardano was created by Input Output Hong Kong (IOHK), a blockchain research and development company, and is led by Charles Hoskinson, co-founder of Ethereum . It is designed to address some of the scalability and sustainability issues that have arisen in other blockchain networks, such as Ethereum, through the use of a multi-layer architecture and a unique programming language called Plutus. Cardano aims to provide a platform for a wide range of use cases, including financial applications, supply chain management, and identity verification. It also has a strong f...

 PayPal Partners With MetaMask to Offer Easy Way to Buy Crypto such as Bitcoin and Ethereum According to a press release, PayPal will integrate its buy, sell and hold crypto services with MetaMask Wallet. Users will be able to choose to use their PayPal account to purchase Ethereum (ETH) within the MetaMask app while simplifying the process of transferring ETH from PayPal to MetaMask. Select U.S. customers can access the new offering beginning today as PayPal works to roll out the service to the rest of its U.S. customers over the next few weeks. The U.S. Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 0.75 percent of increases in borrowing costs by the end of 2023. Bitcoin is down 0.39% over the last 24 hours and fell to an intraday low of $17,565.00. The largest cryptocurrency rose above the $18,000 price level today, but the bulls are not able to hold the price above it, suggesting the sellers remain active at a...

 BTC USDT Crypto Exchange BingX Spot Adds Multiple USDC Trading Pairs BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. To provide a better service for users, BingX will list the BNB/USDC, MATIC/USDC, DOT/USDC, DOGE/USDC, TRX/USDC, UNI/USDC trading pairs at 2022-12-16 08:00 (UTC) . Make sure you try it out!   Note: 1. Please make sure that the selected chain or network on BingX is the same as the chain or network of the platform you are withdrawing funds from or depositing funds to so that unnecessary losses can be avoided. 2. Relevant parameter limits of Spot trading are automatically adjusted by the system based on market liquidity. If you have any questions, please contact BingX 24/7 online support. Risk Disclaimer: Crypto...