Camellia started her career in finance as an Islamic corporate banker at a Japanese mega bank, and later a Director at a London-based award winning hedge fund manager.
Binance Coin (BNB) price has been enjoying another positive trade as it trades almost 8% higher since the beginning of the week.
Elsewhere, Binance cryptocurrency exchange launched Venus decentralized stablecoin system. It is developed on the native Binance Smart Chain to mint the decentralized stablecoin called VAI, supported by several BEP-20 tokens.
“VAI is minted by the same collateral that is supplied to the protocol. Users can borrow up to 50% of the remaining collateral value they have on the protocol from their vTokens to mint VAI. The collateral provided to Venus will be represented by vTokens (such as vBTC) which will enable users to redeem the underlying collateral as well as to borrow against it,” Binance said in the statement.
In layman terms, Binance describes Venus as a “regional version of Libra.”
BNB price is now trading above the weekly resistance that sits around $27. It is now likely that the buyers will want to test $29 next, while the 15-month high is located at $34 and represents a key target for the bulls.
PEOPLE WHO READ THIS ALSO VIEWED:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .