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Binance Review and Comparison to Other Exchanges...

binance review

Out of over 400 crypto exchanges in the industry, Binance is the leading crypto exchange by trading volume. Before using this exchange, it’s important to do a thorough Binance review and check if it is truly more reliable and secure than other exchanges. 

Binance Review:

Binance operates the largest Bitcoin and altcoin trading platforms worldwide. The crypto exchange gained prominence from crypto traders as it offers the most competitive trading fee rates across the globe.

Aside from its cost-effective Binance fees, Binance allows trading to over 1,000 cryptocurrencies. The exchange ensures fast trading times and transaction processing and provides a range of services and products such as staking, crypto payment card, and crypto loans.

Most importantly, Binance offers Secure Asset Fund for Users (SAFU) to users in case of any hacking or security breach within the exchange. Overall, Binance seems to be a good exchange. Though no exchange is 100% safe, Binance strives to provide a secure and exceptional trading experience for its platform users.

As part of this Binance review, we will compare Binance fees to the fees of other exchanges. The exchange only withdraws a 0.1% cut fee from both spot trading and margin tradings conducted on its platform. Apart from that, Binance offers its users a 25% discount when trading with Binance Coin (BNB) and another 25% for friend referrals.

Binance vs Coinbase Pro

Coinbase Pro is the second-largest crypto exchange by trading volume. The platform charges a 0.25% trading fee, which is 2.5 times what Binance charges.

Binance vs Kraken

Kraken is the third-largest crypto exchange by trading volume. It works on a maker-taker fee schedule. Makers are charged a maximum fee of 0.16% and takers have a maximum fee of 0.26%.

In both cases, Binance fees are considerably lower than the rest. This makes Binance a more convenient and reasonable crypto trading platform.

Guest Author: Harrold Kenner
Guest Contributed Content

Multiple Crypto Companies Affected By GoDaddy Security Breach - Company Says "Several Employees Fell For A Scam"...

The Liquid exchange and NiceHash mining are among those affected by a scam that ended with GoDaddy employees giving their passwords over to the malicious actors.  GoDaddy is one of the most popular services to register .com's and other popular domain name extensions.

Liquid's CEO Mike Kayamori says they used those employees access to partially breach the site's infrastructure, change their DNS records, and take possession of several internal email accounts. They also believe they downloaded copies of several 'important documents'.

The company recommended that its users change passwords and take additional security measures to prevent leakage of their data . He added that he had controlled the attack before hackers had access to his clients' accounts and assets.

The staff at Liquid noticed this on November 15th, just 4 days later the crypto mining service NiceHash also reported it was the victim of a security breach.

The company said that after detecting unauthorized changes to the configuration of its web domain registered with GoDaddy, it decided to freeze all client funds for 24 hours, a move that seems to have worked in protecting all funds.

Additional Companies Involved May Be Staying Silent...

No company in the crypto space wants their name connected to any type of security breach, and cyber security expert Brian Krebs's report shows there may be more crypto companies with GoDaddy domains, showing the same altered information as the confirmed victims.

This includes Bibox, Celsius, and Wirex - none have announced any issues, and none are responding to requests for comments.

GoDaddy spokesperson Dan Race says that the company identified the unauthorized changes to its customers' domains, and immediately blocked the accounts and reversed the changes.

Author: Adam Lee 
Asia News Desk

Ethereum ON FIRE - 200% Returns So Far This Year, As Price Now Passes $500! But Prepare For What's Next....

Ethereum 2.0 coming as price hits $500

Ethereum Has A 200% Return So Far This Year, And Just Hit $500+ For The First Time Since June 2018...

Ethereum's has managed a large rebound over summer and winter if 2020 , with it's market cap going from $13 Billion in Jan to $53 billion today  Likewise, the quantity of daily transactions has increased as well. In the last 24hrs Ether buying and selling in dollars totaled $3.5+ billion in volume.

Ethereum hasn't seen these prices since June 2018, when amid a bull market it struck its all-time high of $ 1,300. But it's fluctuated since then, and for awhile went surprisingly low, the worst being June of last year falling underneath $100.

Upgrades Are A Big Reason Why...

The increase in the price of ETH coincides with an increase in its hash rate (or computing power) of the network, which on Thursday reached a new historical high - exceeding 250 terahash per second (TH/s)!

But the big one is early next month, when the long awaited Ethereum 2.0 launches! Many expect this to come with strong rally behind it, saying they want to get in before the 2.0 rally truly gets going.

Will The Rise Continue? 

Which brings us to this interesting point - will everyone buy ahead of Ethereum 2.0's launch, making for a slow day when it actually arrives? Or will the lunch have enough hype behind it to fuel a rally of new investors following the experienced investors buying now? 

I'm leaning towards believing Ethereum will successfully have a double rally run-up.  The excitement around crypto is big, and Bitcoin's price (logically or not) scares some people off.  I think there's a lot of people who will take 'the next best thing' and if it's priced under $1000 they won't hesitate to make this their jump-in point!

Author: Ross Davis 
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk / Breaking Crypto News

Bitcoin Touches, But Struggles To Hold $18,000! Prepare For What Will Probably Happen Next...

Bitcoin prices

*Updated* Article & Headline Updated To Reflect The $18,000 Price Being Reached...

Bitcoin's bull run continued today, breaking the $18,000 barrier but dropping back to the high $17k's just minutes after. 

It is the first time since the beginning of January 2018 that we've seen these levels.

In our article last week titled 'Bitcoin Has Been Above $15k Only 20 Days, EVER - Until Now!' we explained why this time is different from 2018, and why we do not expect a crash to follow the next time we set new all time high.

What To Expect Next:

'There will be no crash' does not mean there won't be some downward movement as well.

After all - this is Bitcoin, and if you've been trading it right you've come to love the ups and downs.

On that note, some are expecting things to take a slight downturn soon, before we set new records and break into the $20,000+ range for the first time.  This will happen either right after, or just a little before $18k.

"Consolidations are getting shorter without much retracement. Blow-off top is coming soon." one trader shares his thought on the current charts.

I wouldn't be surprised to return to $16,000, or at the most, a drop into the $14,000's before the next run up, where I believe we will make history and set that new 'all time high' as we cross the illusive $20,000 barrier. 

Author: Mark Pippen
London News Desk 

Following the Election, Crypto Gets A New Ally Inside The US Senate...

Senate cryptocurrency bitcoin

Incoming senator Cynthia Lummis of Wyoming, a Republican, is set to take office January 3, 2021 - and she has some thoughts on Bitcoin.

During her time in the Wyoming House of Representatives, Lummis promoted bills that would encourage the development and advances in Bitcoin within the state - she's now ready to take this position nationally.

"I do hope to bring bitcoin into the national conversation. I’m a former state treasurer, and I invested our state’s permanent funds. So I was always looking for a good store of value, and bitcoin fits that bill." she said.

Cynthia Lummis Celebrates Her Victory.
Cynthia Lummis Celebrates Her Victory...

She then impressively citied advantages over the current monetary system stating "Our own currency inflates; bitcoin does not. 21 million bitcoin will be mined, and that’s it. It’s a finite supply, so I have confidence that this is going to be an important player in stores of value for a long time to come."

Lummis is known in the political arena as the first senator to publicly acknowledge owning bitcoin, and has been HODLing since she bought some in 2013.

Author: Justin Derbek
New York News Desk

Corrupt Microsoft Employee Sold Over $10 Million In Gift Cards For Bitcoin - Sentenced To 9 Years In Prison...

 Microsoft bitcoin

A former Microsoft developer identified as 26-year-old Volodymyr Kvashuk was sentenced yesterday after defrauding more than $10 million from the company. 

Kvashuk worked first as a contractor and then was hired as an employee between 2016 and 2018.

The engineer was involved in one of Microsoft's online retail sales platforms that use gift cards, according to the DOJ.

With the access to create these gift cards, he would make and then resell them online exchange for Bitcoin. During the early days of the scam he was so confident that no one was watching, he even used his own email account for his first $12,000 sold.

But he wanted more, and eventually began to use accounts of co-workers to hide his actions, essentially framing them for his crimes.

With the money, he bought a home valued at $ 1.6 million and a Tesla, explaining it by telling people, and putting on his taxes, that he had received a 'gift' from relatives. 

Yet Another Case To Disprove The Myth That Bitcoin Is "Anonymous"...

After receiving the Bitcoin he attempted to hide the origins by using cryptocurrency mixing services before withdrawing to his bank and investment accounts. But that wasn't enough to stop officials from following the funds.

He plead guilty to five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns, mail fraud, device access fraud, and trespassing. computer protected in the promotion of fraud.

He was sentenced to 9 years in prison, and was ordered to repay Microsoft $8.3 million dollars.

Author: Justin Derbek
New York News Desk
Breaking Crypto News

Bitcoin Has Been Above $15k Only 20 Days, EVER - Until Now! What Happened Last Time, and Why That Won't Happen Again...

Bitcoin 2020 price

That's right - in Bitcoin's entire lifespan it had only spent 20 days above $15,000 - until now.

Those days all fell between from Mid December 2017 and ended early January 2018  - a time period that includes Bitcoin's all time high when it briefly broke the $20,000 level.

But the market is VERY different now than it was back then. 

What We Are NOT Seeing Signs Of...

As we all know, that epic rise was followed by a massive decline that brought Bitcoin down to the $3000s by the end of that year.

But this time, there's billions in institutional investments justifying the price. We also know many of those institutions have publicly stated their hopes for Bitcoin go beyond $20,000.

While last time it hit $20k a large portion if the market was made up of young investors somewhat shocked at the amount of wealth they were sitting on. They held on as long as the price kept rising, and had no problem selling once things took a downturn. 

How Today's Market Would React...

I do not anticipate current investors feeling pressured to cash out if they see something like a dip from $20k to $19k- they're much more likely to hold believing it will recover and continue to soar to new highs. 

We've seen the volatility reach about $2000 in either directional, while a slow steady climb happens simultaneously inching up the base number. All signs show that continuing.

There's still one announcement after another regarding large investments, or moves that make crypto more accessible to the public. 

For example, today it was popular stock trading app Webull announcing the addition of crypto. 

Author: Mark Pippen
London News Desk 

Platform To Earn A Little Extra, or HUNDREDS Of Dollars In Crypto...

Whether you're in one of the cities that just began their 2nd round of pandemic lockdowns, or just looking for some extra income, this is definitely worth a look. Having chances to work from home has never been more important. 57 million Americans freelance in some sort of capacity, making up 35 percent of the workforce, according to the American Society of Journalists And Authors.

The Latium Freelancing platform is where users can work for crypto & or hire workers and pay them in crypto such as Bitcoin and Ethereum as and over a dozen other top coins. This is how to earn cryptocurrency in 2020 and 2021.

But what really impressed me is simply the huge amount of options here, anyone can find something that can earn them a little extra.

Latium review
SO MANY OPTIONS! This is just some of the tasks available now...

At the point projects are posted they are added into categories by the client who posted the task, as you can see there's many different skills in demand here.

These Categories Include:

Usability Testing: Usability projects are focused on hiring users to check new apps, platforms, games, etc so as to realize feedback on the usability of their product.

Marketing: Typically social media based actions like follow, share, like, etc. Some watch ads for crypto, watch videos for bitcoin.

Surveys & Opinions: Answer questions, get paid for it.

Digital Marketing: These projects are normally centered around social media follows, shares, reviews, earn crypto for signing up, etc. There are always a wide range of projects. 

App Reviewer: Install an app then rate and review them

Graphic & Image Design: Experienced designers will find many options here

Programming & Tech: These projects are trying to find Freelancers who have experience in Software Development.

Writing & Translation: These projects are trying to find Freelancers with experience in writing and/or editing, translating documents between multiple languages, and lots of other skills.

Video & Animation: These Employers are looking to seek out Freelancers to help in projects focused on Videos and Animations. If you've got experience in these fields this is often the place for you.

Audio & Music: Here you'll find projects looking to possess voiceovers, sound effects, music, and lots of other audio-centric contracts.

Other:  Everything else!

Like I said, something for everybody! It should be easy for anyone to find a gig that lets them earn a little extra income.

Do The Task, Collect Your Crypto...

To mark a task complete you want to complete all instructions from the employer and submit any required proof. Once that's all completed you merely select the “Submit For Review” button.

Latium Payment Proof Photo Earnings
Latium Earnings Payment

This will notify the Employer that you simply have completed the project and it's ready for them to review. Once they need reviewed they're going to release payment if they're proud of your project, or they'll send it back for more work.

It's Easy To Begin...

Once you sign up free, complete a biography to let employers and fellow freelancers get to know you a little better. After creating a bio, you will next be able to add some skills that you currently have. You must add at least one skill, but can add several as you see fit.

Then you're ready to browse and select jobs and get to work.

Register now to land your first gig in minutes!

Mark Pippen
London Newsroom
GlobalCryptoPress.com / Breaking Crypto News