• Trading on margin—what could possibly go wrong? (via Pixabay)
    Cryptocurrencies

    Binance tests lending to margin traders

    The leading cryptocurrency exchange will connect users with capital to investors looking for leverage

    The world’s largest exchange announced on August 26 that customers can earn annualized interest rates of up to 15% by making short-term loans to its margin traders for leveraged investments. Initially limited to one period of 42 hours beginning on August 28, the firm will open up Binance Lending opportunities on a first-come, first served basis. The 14-day fixed interest loans of ethereum classic (ETC), tether (USDt), and binance coin (BNB) are also fairly limited.

  • Crypto hackers often walk around wearing hoodies and holding useless tokens of fake bitcoin around just in case they get photographed (via Pixabay).
    Cryptocurrencies,  Technology

    MIT’s Stuart Madnick says blockchain’s biggest strengths can also be weaknesses

    Poloniex exchange lenders lost $14.4 million to flash crash decentralization made possible

    An MIT professor’s June 6 warning about some of blockchain’s vulnerabilities came too late for margin lenders on U.S. cryptocurrency exchange Poloniex, who lost nearly $14.4 million in bitcoin to a flash crash early last week.