This Week at Binance: Aug 27 - Sep 3
In today’s edition of This Week at Binance (Aug 27 - Sep 3, 2021): We bolstered our compliance efforts with a new hire, launched a new incentive to complete KYC and Binance NFT announced the 4th Anniversary x Orlinski Collect to Win competition.
KYC is the name of the game! If you havent heard, we’ve launched a series of incentives to encourage Binance users to complete intermediate verification, including a 7-day 500 BUSD Savings Trial Fund. With your help, we can build towards a safer crypto ecosystem together. Now let’s get right into the Market Recap for this week.
Weekly Market Recap
This week we saw the total crypto market cap increase around 11%, from ~$2.01T on Aug 27, 2021 to ~$2.23T at the time of writing.
Bitcoin (BTC) briefly reached a weekly high of ~$50,290 on Sep 2, 2021. It currently trades at ~$50,054 as of writing.
During the same period, Ethereum (ETH) traded above $3,800 for the first time in 4 months. At the time of writing, Ethereum trades at around $3,962.
1. Binance hires a new Director of Audit and Investigations
We’re thrilled to welcome Aron Akbiyikian to the Audit and Investigations team, where he’ll help ensure that Binance and the larger crypto industry are a safer place for all. His work will involve identifying bad actors on the Binance platform and assisting law enforcement agencies worldwide.
Learn more about Aron Akbiyikian
2. Verify your account and get a 500 BUSD Savings Voucher
From now till September 18, users who complete KYC will receive a 7-day 500 BUSD Savings Trial Fund voucher. At Binance, user security is our top priority towards building a safe crypto environment for everyone.
Learn more about the KYC activity
3. Collect to win three exclusive Orlinski NFTs
The party never ends. This is your chance to win 3 exclusive Binance 4th Anniversary X Richard Orlinski SSR NFTs. Find out how you can participate in our Richard Orlinski Collect to Win NFT competition.
Read the NFT competition rules
What’s Ticking On The Exchange
New listings this week:
Gnosis (GNO): Gnosis allows users to create, trade, and hold digital assets on Ethereum through a variety of products, including Gnosis Safe, Gnosis Protocol and GnosisDAO.
This Week’s Activities:
Global Binance activities:
Binance Affiliates Exclusive. Invite referrals to complete KYC and you’ll be eligible to share a 25,000 BUSD prize pool. Activity ends Sep 18. (Read more)
72H flash promo. New users can enjoy zero card fee rebates when paying with CLP, MXN and PEN. Activity ends Sep 4. (Read more)
50,000 USDT giveaway. Users who complete the Binance Margin Loans Quiz with at least an 80% correction rate will be qualified to equally split a prize pool of 50,000 USDT in margin interest-free vouchers. Activity ends Sep 7. (Read more)
Win exclusive NFTs and create music with Trey Songz. Collect Trey Songz’s latest NFT mystery box collection for a chance to create music with the acclaimed RnB artist. Activity ends Sep 28. (Read more)
Binance NFT launches State Hermitage Museum Mystery Box. Featuring recreated works by Leonardo da Vinci, Vincent Van Gogh, Claude Monet and more, the collection will have a total of 5 NFTs for auction, each with a starting bid of 10,000 BUSD. Activity ends Sep 7. (Read more)
Africa Special: All eligible makers who post new BNB, BTC, BUSD, DAI, ETH and USDT ads traded with fiat currencies GHS, KES and ZAR during the activity period, will enjoy 0 transaction fees on these trading pairs. Activity ends Sep 30. (Read more)
Indonesia 9.9 Special: Indonesian users can enjoy 20% off BUSD from 2021-09-09 12:00 PM (UTC+7) 2021-09-09 19:00 PM (UTC+7) (Read more)
Other Bits to Consider
Set account limits on Binance NFT. With account limits, you can keep of track your spending and better protect your account from phishing malware. (Read more)
Isolated margin: FARM, MBOX TRIBE. Binance has added FARM, MBOX and TRIBE as new isolated margin borrowable assets, and has enabled isolated margin trading for new margin pairs: FARM/USDT, FARM/BUSD, FARM/BTC, MBOX/USDT, MBOX/BUSD, MBOX/BTC, TRIBE/USDT, TRIBE/BUSD, TRIBE/BTC. (Read more)
Stake FET and ALPHA. Binance Staking has officially launched a new high-yield activity. Stake your FET and ALPHA and earn up to 10.56% APY. (Read more)
Convert OTC: 18 new tokens plus new trading Pairs. TRU, SAND, ALICE, SLP, ADX, FLOW, QNT, SC, TRB, LRC, TLM, FET, ANT, XEM, PERP, TKO, FIS and NKN have been added with 327 new pairs available. (Read more)
56th Phase of Dual Investment - New ETH products. ETH products were added to Dual Investment on 2021-09-01 at 10:00 (UTC). Subscribe to Dual Investment products and enjoy a significantly higher interest rate. (Read more)
Binance To Reactivate USD Deposits via SWIFT Bank Channel. Binance reactivated USD deposits via the SWIFT payment network on 2021-09-01 09:00 (UTC). USD withdrawals will be activated at a later date. (Read more)
Level Up Your Crypto Game (With Academy Articles)
NFT Games 101. Gaming and passive income? Learn all about NFT games and how they work in this article. (Read more)