Bitfinex support deposits and withdrawals on Lightning Network (LN)



Bitfinex exchange has announced it will support Lightning Network (LN) deposits and withdrawals starting Dec 3 2019.

The move represents a first for a major crypto exchange, and  pushing for mainstream adoption of the Lightning Network.

With LN, Users will benefit from instant transactions and will pay almost zero fees to send funds.
We hope other exchanges support Lightning Network.
The Block

Bybit add Cross Margin


As part of Bybit continuing efforts to improve trading experience, Bybit replacing Auto Margin Replenishment(AMR) with Cross Margin with effect from 07 November 2019.

What is Cross Margin?

1. Cross Margin uses all of a  user’s account available balance to prevent liquidation. The largest contract size when using Cross Margin is determined by the maximum leverage allowed for the trading pair.The system will calculate the required maintenance margin amount based on the maintenance margin required by the risk limit of the position.When the equity is lower than the maintenance margin, the position will be liquidated.

2. Unlike isolated margin, Cross Margin does not isolate the required inital margin from the account balance. In the event of liquidation, the trader will lose all the remaining balance. Therefore, please use Cross Margin carefully.

Reminders:

1. Cross Margin is used by default. If the user wishes to use isolated margin instead, the user must select the corresponding setting under ‘Leverage’.

2. If the user has positions/orders established before the update, and did not select AMR, our system will retain the Isolated Margin setting for these trades. If the user wishes to switch to Cross Margin, the user must do so manually on the "Leverage" panel.

3. If the user has switched on AMR prior to the update, the system will automatically switch it to Cross Margin.
Binance Exchange

China to Launch their own Digital Currency Called "DCEP"

(Source: Exmoo)

Huang Qifan, vice chairman of CCIEE (China Center for International Economic Exchanges), He firmly holds that China’s central bank is close to developing its blockchain-based financial technology and will be the first in the world to officially roll out a usable digital currency.

Huang pointed out in his speech that in the current digital age, the payment and settlement methods between enterprises and countries need to be reshaped.

Huang spoke at the Inaugural Bund Financial Summit of 2019 in Shanghai where financial leaders across the world gathered between October 27 – 29 and discussed a wide variety of issues focused on financial inclusion, fintech and wealth management.

Binance Announced Binance USD (BUSD) & Launches Futures Trading Platforms


Binance the world’s largest cryptocurrency exchange by traded volume, announced the official launch of the Binance Futures platform (Beta Version) for users.

Binance Futures will provide partial access to its beta version by referral code, Please note that only 200 referral codes will be distributed daily on a first-come-first-served basis. users may obtain a referral code by taking part in Binance social media activities (Weibo, Twitter)

all users will receive a 50% discount on trading fees when trading on Binance Futures for the first 3 months after the go-live date.

https://www.binance.com/futures

Binance USD (BUSD)

Last week, Binance has announced Binance USD (BUSD), a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS), 1 BUSD = 1 USD.

BUSD Explorers: https://etherscan.io/token/0x4Fabb145d64652a948d72533023f6E7A623C7C53
YoBit Exchange