BingX Blog

Your go-to source for BingX stories, company news, and product updates.

Worldcoin Launch and Its Impact

Worldcoin is an incredibly innovative project within the cryptocurrency space because it introduces “proof of personhood.” This mechanism identifies a person’s unique features; it’s imperative with AI on the rise, as biometric verification is unique and exclusively human. Worldcoin states, “It is the first and most fundamental building block in establishing digital identity.” By creating an open and permissionless identity protocol that can be used anonymously to prove uniqueness and humanness and to disclose credentials issued by other parties selectively, Worldcoin is impacting how we verify individuals. This technology has been applied to other industries, but never cryptocurrency, creating positive and negative discourse as with most disruptive technologies. Worldcoin represents an open-source protocol with the backing of a worldwide assembly of developers, individuals, economists, and technologists dedicated to enhancing involvement in and avail
4 min

BingX's Impact on the Crypto Market: A Five-Year Transformation Journey

Over the last five years, BingX has continued to play a pivotal role in transforming the world of cryptocurrencies. As an active member in the crypto sector, we have fostered the widespread adoption, innovation, and empowerment of millions of users worldwide through our platform.  Thanks to its intuitive interface and a wide range of services, especially copy trading,  BingX has made it more accessible for newcomers and experienced traders to engage with the world of cryptocurrencies.  In this article, you will learn more about how BingX has positively impacted the crypto market and how it has helped position cryptocurrencies as the future of finance. BingX’s Innovative Trading Experience and Services BingX has consistently encouraged innovation in the space, ensuring that the crypto industry continues to evolve and stay relevant. Below are a few of the unique experiences and services it offers its customers; State-of-the-Art Trading Platform BingX will proudly be celebrating its
10 min

BingX Crypto Exchange Affiliate Program Unveiled

In the world of cryptocurrencies, affiliate programs have emerged as a popular way to make money online. One of the best crypto affiliate programs to consider is the BingX Crypto Exchange Affiliate Program. This platform has been gaining traction in recent years thanks to its secure and user-friendly features that cater to both beginners and experienced cryptocurrency enthusiasts alike. As an affiliate, partnering with the BingX Crypto Exchange Affiliate Program offers numerous benefits, such as competitive commission rates and reliable income streams. With a well-structured referral system and flexible payout options, the BingX Crypto Exchange Affiliate Program is ideal for those seeking to leverage their crypto knowledge and networks to generate passive income online. This article focuses on the BingX Crypto Exchange Affiliate Program and how you can benefit from a platform increasingly recognised as a global industry leader in cryptocurrency. BingX Crypto Exchange Overview BingX is
13 min

All You Need to Know About Sui (SUI): An In-depth Analysis

It seems that the cryptocurrency world has found its new darling. While in recent years people were mostly talking about whole sub sectors such as DeFi, Metaverse or AI tokens, in the recent past, the cryptocurrency community has been looking at one project in particular. Sui (SUI) is becoming a new hot topic in crypto circles. With an amazing team and backing, groundbreaking technology, innovations and a valuation of $2 billion, Sui looks like it is the next big thing. What is Sui (SUI)? Sui (SUI) is a layer-1 blockchain that is aiming to solve problems connected to Web3. It is mostly focused on reducing the latency in the execution of smart contracts as well as revolutionising blockchain technology. This should be done through increasing speed and security, which should help with a greater adoption of Web3. Sui is built around horizontal scalability without any upper bound. This simply means that it can meet the demand of the applications built on it without increasing the costs of t
20 min

BingX Charity Fund Donates 1 Million Turkish Lira to AHBAP and Other Supplies for Earthquake Relief

BingX, one of the leading crypto exchanges, set up a disaster relief fund of 1,000,000 Turkish Lira for those affected by the earthquake. This fund will be donated to Ahbap Association to meet urgent needs of victims of this devastating disaster. Transportation services will also be provided for necessary supplies as rescuers attempt to save survivors in the impacted areas despite the extreme cold weather.   A series of powerful earthquakes struck southern Turkey in the early morning hours of Feb. 6, 2023. These quakes have caused widespread destruction and collapse of buildings, with likely thousands of deaths and many thousands more injuries. The epicenter of the quake was in the Pazarcık district of Kahramanmaraş, and tremors were felt intensely in the surrounding provinces and cities such as Kahramanmaras, Hatay, and Adana. To date, local authorities have confirmed at least 30,000 deaths and it might increase as search and rescue efforts continue.   To assist impacted com
4 min

zkSync Launches New Plugin Supporting Smart Contract Verification

Join the Trading Community: Learn & Earn with BingX. Today’s Cryptocurrency Headline According to the official Twitter, the Ethereum Layer 2 expansion program zkSync announced the launch of a new plug-in that supports smart contract verification to improve the developer experience on zkSync 2.0. The hardhat-zkSync-verify plugin allows developers to verify smart contracts deployed on zkSync 2.0 from the terminal and programmatically. This plugin can be used for hardhat-etherscan, has a similar API and requires almost no code changes. BingX’s Bitcoin Chart Source: TradingView & BingX After failing to challenge $18,000 some time ago, the price of Bitcoin has never made a big breakthrough. The bitcoin price has entered a low volatility channel. The cryptocurrency market is already showing signs of malaise, both in the short and medium term. In the short term, $16,000 remains a key support level for Bitcoin and a critical point for market sentiment. Disclaimer: BingX does not endors
2 min

BingX Launches Signal Trading and Stays Ahead in Crypto Innovation

BingX, one of the leading crypto exchanges, is excited to introduce Signal Trading, another advanced futures trading tool. It takes BingX one step closer to its mission – being an open, reliable, and innovative crypto ecosystem. Signal trading is an advanced feature that carries out automatic execution of complicated perpetual futures trading strategies based on triggering signals received from external platforms such as TradingView. It covers all trading pairs in BingX Perpetual Futures and no API indocking is required. Creating specific trading instructions on BingX, traders only need to update these instructions on external platforms like TradingView. Then a free TradingView Bot will be created and synchronize real-time signals which will trigger automatic execution of preset trading instructions at right hightimes. Signal trading helps traders realize customized and flexible trading strategies. Signal trading is free of charge and open to all BingX users for an unlimited numb
4 min

PayPal Partners With MetaMask to Offer Easy Way to Buy Crypto

Join the Trading Community: Learn & Earn with BingX. Today’s Cryptocurrency Headline According to a press release, PayPal will integrate its buy, sell and hold crypto services with MetaMask Wallet. Users will be able to choose to use their PayPal account to purchase Ethereum (ETH) within the MetaMask app while simplifying the process of transferring ETH from PayPal to MetaMask. Select U.S. customers can access the new offering beginning today as PayPal works to roll out the service to the rest of its U.S. customers over the next few weeks. BingX’s Bitcoin Chart Source: TradingView & BingX The U.S. Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 0.75 percent of increases in borrowing costs by the end of 2023. Bitcoin is down 0.39% over the last 24 hours and fell to an intraday low of $17,565.00. The largest cryptocurrency rose above the $18,000 price level today, but the bulls are not able to hold the price above
3 min

Merkle Tree (Hash Tree) and How it is Related to Cryptocurrencies

The world of cryptocurrencies has been built thanks to countless technologies, ideologies or industries. Combination of cryptography, computer science, monetary policy or even psychology and philosophy could be all found in some context or another in the very core of Bitcoin and other cryptocurrencies. When it comes to technologies, ideologies or techniques used in the cryptocurrencies and in their inherent blockchain technology, the Merkle Tree is playing one of the leading parts since the inception of crypto. What it is, how is it connected to cryptocurrencies and why is it used? Those are some of the questions that the following paragraphs will answer. What is a Merkle Tree? Merkle Tree is a type of structure that is often used to quickly verify data integrity, mostly in a dataset. It is also known as a hash tree, which has, in most cases, binary implementations, with each node usually having two “child nodes.” In the cryptocurrency world, this structure is used to encrypt blockchai
11 min

What is zkEVM – EVM, types of zkEVMs, Polygon zkEVM, zkSync and Scroll

Our exploration of possible scalability solutions through layer-2 technologies on Ethereum continues. With the introduction of technologies such as StarkWare or zkSync, there is one major component of this sub sector that has not been properly explored. That is zkEVM, which stands for zero-knowledge Ethereum Virtual Machine. While we have already explored what zero-knowledge and zk-rollups are, we have not looked at the examples of these technologies that are EVM-compatible or EVM-equivalent. And that is the main topic of today’s article. What is EVM? As always, before we dive deep into more difficult and complicated topics, we will be starting with simple concepts, upon which we will be then building. That is one of the reasons why we need to introduce EVM, before we look at zk-EVM. EVM (Ethereum Virtual Machine) is a mechanism which allows the Ethereum blockchain to execute the transactions on its network. It consists of predetermined rules and sets of rules which state which transac
12 min

What is ZKSync – Zk-Rollups, Ecosystem, Team, and Tokenomics

With increasing popularity of cryptocurrencies, whether that is thanks to DeFi, NFTs, Web3 or Metaverse, many major blockchains upon which these subsectors are built can get congested. High fees, slow transactions or technical hiccups are just a few of the problems that can arise when the demand for usability of some blockchain sharply rises. This is something that was seen for instance with Ethereum in the last few years. Incredibly high gas prices have often discouraged people from using this blockchain or dApps built on it. However, this also gave a reason for new projects or solutions to be created. And most of them have tried to develop on a second layer, such as zkSync. What is layer-2? Before we dive into zkSync, first the introduction of layer-2 solutions and what they are is necessary to provide better context. The term layer-2 describes solutions, platforms or services that are built on top of the first layer. The first layer or layer-1 is usually the blockchain itself such a
17 min

BingX Is the First to Initiate Elite Copy Traders Program for Crypto Copy Trading

BingX, the world’s leading social trading crypto exchange, is excited to introduce its Elite Copy Traders Program. With this new tiering system, BingX wishes to provide global traders with more opportunities and offer our users better services. Elite Copy Traders Program is a trader incentive copy trading program launched by BingX, which all traders are welcome to apply for. Currently, BingX Elite Copy Traders Program Tiers are Bronze, Silver, Gold, and Diamond. Bronze is entry-level. If traders wish to upgrade to the next levels, they need to meet the criteria which include minimum requirements on total assets, number of copiers (or total value of copy trading), and risk score. The Tier of trader accounts will be updated every Monday 00:00(UTC+8), and traders can enjoy the benefits and privileges of the latest tier after that. BingX aims to fuel elite traders with steady cashflows to help them in polishing their trading strategies. First of all, higher tier traders are able to e
3 min