Binance trades $306 billion in one quarter

The current price for one Bitcoin (BTC) is currently $11,742.28. That’s 2.19% more than 24 hours ago. If you want to buy bitcoin for $100 now, you will get about 0.0085 BTC for this.

The total market cap is $217,492,565,059.00 with a circulation of 18,522,175 BTC.

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Bitcoin (BTC) minus again a bit more difficult: +3.6%

The so-called difficulty level for the minus of Bitcoin (BTC) has risen again. By 3.6% to be exact.

Miners send computing power to the Bitcoin network to find the next block. This leads to a continuous growth of this hashrate. As a result, the level of difficulty also increases.

The difficulty level adjusts every ~2 weeks based on the previous 2016 blocks. Last Saturday afternoon the difficulty rate was adjusted again.

This mechanism ensures that a new block is found every ~10 minutes. As soon as more computing power goes to the network, the difficulty increases.

Once the hashrate, the difficulty rate calibrates to a lower number. Glassnode’s graph below shows an increase of the yellow line.

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Binance traded $306 billion in quarter three, a record

Binance has done good business in quarter three of 2020. The Bitcoin and Crypto Exchange traded for $306 billion in the months of July, August and September.

According to an analysis by The Block Crypto, the exchange has grown considerably. It means that the exchange from Malta is processing market share in the highly competitive spot market.

Compared to quarter two, there is a growth of 110%. In absolute terms, from $ 146.3 billion to $ 306.6 billion. Earlier research already showed that Binance is currently market leader.

In August, CEO Changpeng Zhao sighed that it was „busier than during the 2017 hype“.
IMF calls for new ‚Bretton Woods‘, will it be Bitcoin versus fiat?

Governments need to work more together to save the world economy from the current corona crisis. This is what the International Monetary Fund (IMF) is arguing for.

They even make an explicit reference to the Bretton Woods agreement of 1944, the start of the dollar as a world reserve currency.

Is history going to repeat itself? And what role can Bitcoin play?

Governments need to work more together to save the world economy from the current corona crisis. This is what the International Monetary Fund (IMF) argues for.

They even make an explicit reference to the Bretton Woods Agreement of 1944, the start of the dollar as a world reserve currency.

Is history going to repeat itself? And what role can Bitcoin play?