Crypto Exchanges Archives - Page 2 of 4

Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool

1Aug

By Tolulope ZaccheausNo Comments

Crypto Exchanges

Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool

Binance, the world's leading cryptocurrency exchange, has once again demonstrated its commitment to promoting innovative projects in the crypto space by introducing the Seigniorage Elasticity Index Token (SEI) on its Launchpool platform. The launch of SEI on Launchpool provides Binance users with a unique opportunity to farm SEI tokens by staking Binance Coin (BNB), TrueUSD (TUSD), and Fractional Dollar (FDUSD) on the platform. https://twitter.com/binance/status/1686288229056528384 Binance to introduce Seigniorage Elasticity Index Token (SEI) on the Launchpool SEI is a groundbreaking decentralized finance (DeFi) token that leverages the concept of seigniorage elasticity to maintain its price stability. This mechanism allows the token's supply to expand or contract in response to marke...

Binance CEO CZ Commends Japan Progressive Web3 Regulatory Environment at WebX Conference

26Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance CEO CZ Commends Japan Progressive Web3 Regulatory Environment at WebX Conference

In a virtual address to the esteemed WebX conference held in Japan, Binance CEO Changpeng Zhao (CZ) praised Japan for its pioneering role as a flagship leader in the realm of Web3 regulatory environments. The conference served as a platform to discuss the latest advancements in decentralized technologies, and CZ's recognition of Japan's clear approach towards the industry highlights the nation's commitment to fostering innovation and development within the blockchain and cryptocurrency space. Read Also: XRP Emerges as Most Traded Altcoin of 2023, Surpassing $150 Billion Cumulative Volume on CEXs https://twitter.com/binance/status/1683885315558191113 CZ of Binance emphasizes Japan's progressive stance on Web3 regulations During his address, CZ emphasized Japan's progressive stance o...

Binance Announces Listing of FDUSD, First Digital Labs’ USD-Backed Stablecoin

26Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Announces Listing of FDUSD, First Digital Labs’ USD-Backed Stablecoin

In a significant development for the cryptocurrency market, Binance, one of the world's leading cryptocurrency exchanges, has officially announced the listing of FDUSD, a 1:1 USD-backed stablecoin issued by First Digital Labs. The news was shared by Binance on their official Twitter handle, generating excitement and anticipation within the crypto community. Read Also: Shiba Inu (SHIB) Shows Steady Growth Amidst Speculation of Future Rallies https://twitter.com/binance/status/1684051409199857664 Binance to list FDUSD FDUSD is set to become the latest addition to the diverse range of stablecoins available on Binance's platform. As a stablecoin, FDUSD is designed to maintain a stable value by being pegged to the US Dollar at a 1:1 ratio. This pegging ensures that the value of one FDUS...

Binance Implements Faster Crediting of Deposits on Ethereum, Arbitrum, and Optimism Networks

20Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Implements Faster Crediting of Deposits on Ethereum, Arbitrum, and Optimism Networks

Binance, the world's leading cryptocurrency exchange, has announced a significant reduction in the minimum number of blocks required for crediting deposits on the Ethereum, Arbitrum, and Optimism networks. This move comes as part of the exchange's ongoing efforts to improve user experience and streamline transaction processes. Effective immediately, the minimum number of blocks needed for crediting deposits on the Ethereum network has been reduced from 12 to 6 blocks. Consequently, the time required for deposit transactions to be confirmed and reflected in users' accounts has been substantially decreased from an average of around 25 minutes to approximately 13 minutes. This development marks a major milestone in enhancing the efficiency of Ethereum-based transactions on Binance. Read...

Binance Completes 24th Quarterly BNB Token Burn, Removing 1,991,854 BNB from Circulation

19Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Completes 24th Quarterly BNB Token Burn, Removing 1,991,854 BNB from Circulation

Binance, one of the world's largest cryptocurrency exchanges, has completed its 24th quarterly BNB token burn. According to an official announcement made via Twitter, a staggering 1,991,854 BNB was permanently removed from circulation through the BNB Auto-Burn mechanism. https://twitter.com/binance/status/1681604828127019008 The quarterly token burn is a vital aspect of Binance's commitment to the tokenomics of its native cryptocurrency, Binance Coin (BNB). The exchange allocates a portion of its trading fee revenue to buy back BNB from the market, and these purchased tokens are subsequently destroyed, reducing the total supply of BNB in existence. Read Also: Binance Temporarily Suspends Market Order Functions Due to Technical Issues The latest token burn, involving nearly 2 mi...

Binance Temporarily Suspends Market Order Functions Due to Technical Issues

19Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Temporarily Suspends Market Order Functions Due to Technical Issues

Binance, one of the world's leading cryptocurrency exchanges, has temporarily halted some market order functions for all spot and margin trading pairs. The suspension comes as a result of technical issues that were identified following a previous update to the platform. In a recent tweet, Binance announced the temporary suspension of two market order functions: Market Order-Total and the slider for Amount Customization. Traders and users on the exchange are advised that these specific functions are currently unavailable. However, Binance clarifies that market orders can still be placed using the Market Order-Amount feature. Read Also: Terra Blockchain Successfully Upgrades to v.2.4 Pushing for LUNA Adoption Binance suspends market order to address a technical issue The decision to ...

FTX Launches Debtors’ Customer Claims Portal, Offering Hope for Crypto Refunds

12Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

FTX Launches Debtors’ Customer Claims Portal, Offering Hope for Crypto Refunds

In a significant development for those affected by the collapse of FTX, one of the prominent cryptocurrency exchanges, the long-awaited refund process has finally commenced. AxelBitblaze, a renowned crypto commentator, took to Twitter to announce the launch of the Debtors' Customer Claims Portal, offering both individual and institutional users the opportunity to potentially recover their crypto assets. Read Also: CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision https://twitter.com/Axel_bitblaze69/status/1678835437329330176 The downfall of FTX, which occurred in late 2022, left many users in distress. Investigations revealed that SBF_FTX, the mastermind behind the exchange, had been utilizing customer deposits to cover losses wi...

Building Strong Team: The Power of External Pressure – Insights from Binance CZ

10Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Building Strong Team: The Power of External Pressure – Insights from Binance CZ

Building a tight and strong team is a common goal for many organizations. While various team-building activities and strategies exist, Binance CEO Changpeng Zhao (CZ) shares a counter-intuitive "secret" to fostering a strong team: external pressure. This approach draws inspiration from experiences in military combat and highlights the importance of reliance, alliance, resilience, and trust among team members. CZ believes that Binance's ability to thrive under pressure has contributed to its tight-knit team and the unwavering support of its community. This article explores the concept of external pressure as a catalyst for team cohesion, using CZ's insights as a guiding example. Read Also: Terra Classic Validator Launches Ambitious LUNC Burning Initiative to Propel Token Price to $1 h...

Binance CEO Responds to Rumors of Employee Departures Amid Regulatory Investigations

7Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance CEO Responds to Rumors of Employee Departures Amid Regulatory Investigations

Changpeng Zhao (CZ), the CEO of Binance Exchange, has addressed the recent rumours surrounding employee departures at the company. The speculations gained traction on news outlets and social media platforms over the past 24 hours, primarily focusing on the reported reasons behind the resignations. Executives at Binance Plan to leave due to CZ's response According to an article by Fortune, citing unnamed sources, several Binance executives, including general counsel Han Ng, Hillmann, and Christie, have chosen to leave their positions at the exchange due to CZ's response to investigations by regulators in the United States. In response to the rumours, Hillmann and Christie took to Twitter to confirm their departures but did not explicitly mention the exchange's regulatory challenges. Ch...

Binance Welcomes Verge (XVG) as a New Borrowable Asset on Isolated Margin, Introducing the XVG/USDT Trading Pair

6Jul

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Welcomes Verge (XVG) as a New Borrowable Asset on Isolated Margin, Introducing the XVG/USDT Trading Pair

Binance, the world's leading cryptocurrency exchange, has once again made waves in the crypto space by announcing the addition of Verge (XVG) as a new borrowable asset on an Isolated Margin. This move opens up exciting possibilities for traders and enthusiasts alike, as Binance introduces the highly anticipated XVG/USDT trading pair. Binance adds Verge (XVG) on its isolated margin The integration of Verge (XVG) into Binance's Isolated Margin trading platform signifies another significant step towards the platform's mission to offer a diverse range of digital assets to its global user base. With Verge joining the ranks of Binance's expansive list of supported cryptocurrencies, users now have greater flexibility and trading opportunities. Read Also: Shiba Inu Community Anticipates Shiba...