Binance, the world’s largest crypto exchange, is facing renewed scrutiny over its lack of a permanent headquarters. This comes as CEO Richard Teng revealed the company is in talks with several jurisdictions to establish one. The issue of headquarters has been a thorn in Binance’s side for some time. Regulators and courts have repeatedly raised […]
Terra Classic (LUNC) took a tentative step towards recovery on April 1st as Binance, a major cryptocurrency exchange, delivered on its promise to burn a portion of its LUNC trading fees. According to Terra Finder, Binance incinerated 4,175,855,418 LUNC, valued at over $585,000 at current prices. Read Also: Shiba Inu Poised for Breakout, Analysts Eye […]
The burn action, which happened on April 1, addresses the exchange obligation to reinforce the Terra Classic recovery crusade. Information from Terra Finder affirms that the exchange burned precisely 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices. This figure represents half of the fees accumulated by Binance on Terra Classic trades for March, as […]
In a move hailed by the Terra Luna Classic community, Binance, the world’s leading cryptocurrency exchange, executed a significant burn of LUNC tokens on April 1st, 2024. According to LUNC News, the amount burned reached 4.1 billion, pushing the total number of LUNC tokens removed from circulation to over 43 billion. Read Also: XRP Poised […]
The Terra Luna Classic’s community mission to lessen the LUNC circling supply has been able to attract the support of another crypto exchange. A crypto future trading platform operating from Singapore WEEX declared an obligation to burn 30% of LUNC trading fees, this is in resonance with the burn of 50% trading fees for LUNC […]
The Ripple Chairman’s hack escapade was made known by a prominent Crypto investigator which led to the action by the leading Cryptocurrency Exchange platform’s decision as was made known by Richard Teng in a post on X last evening. As indicated by Teng, they found out that the exploit affected Larsen’s account on Binance early […]
The ongoing legal battle between the US Securities and Exchange Commission (SEC) and major crypto exchanges Binance and Coinbase has taken an intriguing turn as the SEC filed a notice of the supplemental authority, citing the judgment in SEC v. Terraform Labs as a significant precedent. However, legal experts, including prominent figure Bill Morgan, have […]
In a strategic move to maintain equilibrium within the Terra ecosystem and enhance the value proposition of Terra-based tokens, Binance, the world’s largest cryptocurrency exchange, has executed its 17th batch of Terra Luna Classic (LUNC) token burns. This latest burn involves a substantial 5.5 billion LUNC tokens, following a notable burn of 3.90 billion coins […]
In a groundbreaking development, Binance, one of the world’s leading cryptocurrency exchanges, has declared tomorrow as “LUNC Burning Day,” signalling a significant event in the platform’s ongoing efforts to optimize tokenomics and bolster investor confidence. This strategic move is poised to have far-reaching implications for the LUNC token and the broader crypto community. Tomorrow #LUNC […]
Changpeng Zhao (CZ), the CEO of Binance, has taken to Twitter to share his thoughts on the potential impact of a burning tax on LUNC (Terra Classic). CZ expressed scepticism about the effectiveness of a 1.2% burn tax, suggesting that whales might lose interest. Instead, he proposed a 1.5% burn tax as a more viable […]