Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.
Leo token’s listing was announced yesterday (24 May) on a Chinese exchange, ZB.COM; in addition to this, the tokens are being listed on various exchanges, such as “Delta Exchange”.
Delta Exchange tweeted:
🔥🔥 $LEO perpetual contract is now live on Delta Exchange. Long/ short LEO with up to 20x leverage. The contract is margined and settled in $USDC. #CryptoNews #CryptocurrencyNews $BNB #BTC
Bitfinex had previously announced that Leo tokens will start trading on the exchange on May 20 and will be paired against BTC, USDT, USD, EOS, and ETH; at press time, the tokens were priced at $1.26 and had a 24-hour trade volume of $4 million as per CoinMarketCap.
A lot of prominent people in the community are cautious about the Leo tokens due to their connection with Bitfinex, Tether, iFinex, etc. The CTO of Bitfinex, Paolo Ardoino, tweeted:
“Lions are spreading. This is precisely the strong and unite community support that we have been talking about in the Unus Sed $LEO whitepaper (link: https://www.bitfinex.com/wp-2019-05.pdf) bitfinex.com/wp-2019-05.pdf
Thanks @balanipankaj and @Delta_Exchange @bitfinex.”
Despite the negative news surrounding Bitfinex and Tether, there has been a massive influx of USDT hitting the market. The market cap of Tether increased by a massive $100 million in over 60 days, which caused the market cap to reach an all-time high since its inception.
Bitcoin has been stuck in a sideways movement, hovering closely near the $8,000 point, while people speculated that the massive burst in Tether’s market cap might move the price of Bitcoin.
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Binance Chain testnet undergoes ‘Galileo’ update via hardfork; mainnet to follow suit
Binance Chain’s testnet underwent a hardfork today at block height 24,020,000, at around 2019/06/26 7:00 AM (UTC). The new update will have various bug fixes, improvements to the existing chain, and is expected to improve on-chain performance.
.@Binance Chain Galileo Upgrade Announcement
The Binance Chain testnet is expected to have a scheduled hard fork upgrade at block height 24,020,000, around 2019/06/26 7:00 AM (UTC). Binance Chain Mainnet will also be undergoing an upgrade at a later date.https://t.co/0d46tN1qDx pic.twitter.com/FGsMs9WcTe
— Binance DEX (@Binance_DEX) June 26, 2019
The new announcement details all the features the new update will include for DEX users, or any exchanges that list BNB, or run a client. The BNB blockchain will provide validators access to create a “delist protocol” and vote on delisting trading pairs that have very little volume for a long time via governance.
The Galileo update will also provide a “Time Locking” feature for token assets, while also improving the Match Engine in Binance DEX, which according to the blog is “not optimized in some cases.” The complete list of changes is available for users to read in the changelog.
The testnet changes will be followed by changes on the mainnet. The blog added,
“Binance Chain Mainnet will also be undergoing an upgrade a few weeks later (please stay tuned with the later announcement).”
Additionally, Binance also announced the launch of Binance 2.0 for everyone, which also includes the margin trading feature on Binance. The Binance 2.0 has the website revamped, with the old one being decommissioned soon.
While some users complained that there were problems depositing USDT, others complained that margin trading feature was still not available.
A Twitter user, @rallyqt, commented,
“- Galileo upgrade
– Binance stable coin
– Binance DEX
Keep building & piecing the Binance ecosystem together! 🧩
@cz_binance, how many users signed up for Binance this year? Alt fomo season starts when exchanges have to temp close due to an influx of users haha 😉😊”
“We have increased our registration capacity in anticipation of this, a year ago. It should work, in theory, let’s see what happens. 😂
Registrations are definitely picking up speed.”
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