18.05.2021

Brave Browser Brings Binance Integration to All Desktop Users

An announcement on April 30 notes that the widget is enabled by default, placing the Binance cryptocurrency exchange in front of all of the browser’s millions of desktop users.

Privacy-focused web browser Brave has integrated the Binance widget into the latest stable release across all of its desktop offerings.

Previously the widget was only available for testing in Brave Nightly and Beta versions.

Turn on, tune in, and trade out

Any user opening a new tab or window in the browser is clearly presented with the new Binance widget along with the Brave rewards widget on the right side of the page.

They are then prompted to connect the widget to their Binance account, and once authenticated can view their held assets and trade to their heart’s content.

As well as a summary of the assets held, users can buy cryptocurrency, deposit assets onto the exchange and convert between any asset supported.

Security built in

As the widget is built directly into the browser it preserves user privacy, and will only communicate with the Binance API through authenticated user interaction.

Users can easily disconnect the widget, preventing the browser from further interaction with their account unless it goes through the authentication process again. While the widget is enabled by default, those who wish to can manually hide it.

Coming to mobile versions later in the year

Brave browser currently has over 13.5 million active monthly users across all platforms. The Binance widget is currently integrated into all desktop versions of the software, for Windows, Mac and Linux operating systems.

It will be available for Brave’s mobile browser versions on Android and iOS later in the year.

Amid Pandemic Downturn, Crypto Lender Celsius Hits 50K in Bitcoin Deposits

Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin in deposits – worth over $380,000,000 – since its launch back in August 2018.

With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%.

Speaking to Cointelegraph on May 1, Celsius CEO Alex Mashinsky said he believes the growth in the network’s user base and deposits “reflects the increasing unease with the results of the 2008 and 2020 bailouts”, noting that:

“Most of the benefits went to the too big to fail and those close to the Washington giveaway plate. Celsius represents the opposite of that. We treat everyone equally, no matter if you have $10 or $10m, and we always act in the best interest of our community.”

One day after the United States stock markets scored their biggest monthly rally since 1987 – even as first-time unemployment claims hit a record 26 million – Mashinsky observed that:

“Our economy post-coronavirus is going to have an L-shaped level of economic activity but the stock market believes we have a V-shaped recovery. This is mostly due to the floor the Fed put under the bond and credit markets, which made the speculators go wild again.”

The CEO argued that rising demand for crypto lending comes from a section of the public that “does not believe in this story and knows hard times are ahead of us.”

Choosing to place more of their assets denominated in Bitcoin with the network, he contended, these users are making use of an alternative means of accessing low-cost loans and earning interest during an unprecedented period of economic uncertainty.

Crypto lenders rising in popularity

As reported, in August 2019 Celsius Network became the fastest-growing crypto-lender with $2.2 billion in coin loan origination. By November, the total loan amount had almost doubled again, reaching $4.25 billion.

The network offers varying interest rates on deposits of a wide range of major cryptocurrencies, including Bitcoin, Ether (ETH) and Litecoin (LTC), as well as altcoins such as Bitcoin Gold (BTG), Dash (DASH), Zcash (ZEC) and EOS.

As of this February, the company has begun offering compounding interest on cryptocurrencies deposited in its wallet.

Crypto-lending platforms continue to gain traction, with a growing range of players entering the space, such as BlockFi, Nexo, YouHolder and SALT Lending.

Last month, crypto exchange and wallet provider Huobi integrated services from decentralized crypto lending platform Cred to enable users to earn interest on their holdings in their exchange wallet.

cointelegraph.com

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