Binance Card Archives - Cryptolifedigital

Cardano Gets a Boost: EMURGO Partners with Huawei Cloud

13Apr

By OLAJIDE SAMUELNo Comments

Cardano

Cardano Gets a Boost: EMURGO Partners with Huawei Cloud

Cardano (ADA) enthusiasts have reason to celebrate as EMURGO, a founding entity of the Cardano protocol, joins forces with tech giant Huawei. This strategic partnership aims to strengthen Cardano's network presence and enhance its cloud-based blockchain solutions. Powerful Cloud Infrastructure Meets Innovative Blockchain The centrepiece of the collaboration involves Huawei Cloud adding support for a Cardano validator node. This brings Huawei's vast cloud infrastructure into the Cardano ecosystem. Developers will now leverage this powerful resource to build scalable and interoperable Web3 solutions on the Cardano blockchain. This is expected to drive significant growth and adoption in key regions like Asia-Pacific and Africa. Read Also: XRP Price Poised for a Surge? Analyst Makes Bulli...

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

8Apr

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance Burn Injects Hope, But Will It Be Enough for Terra Classic (LUNC)?

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 New Yearly Highs This burn represents half of the fees Binance collected on LUNC trades throughout March. The exchange's commitment involves burning 50% of its LUNC trading fees every month, aiming to bolster the ongoing burn mechanism – a core element of the Terra Classic revival plan. Fire and Ice: Understanding the LUNC Burn The Terra Classic burn mechanism emerged from the ashes of the Terra ecosystem's collapse in May 2022. Its obj...

Cardano (ADA) Faces Crucial Moment as Analyst Ali Martinez Identifies Descending Triangle Pattern

17Dec

By OLAJIDE SAMUELNo Comments

Cardano

Cardano (ADA) Faces Crucial Moment as Analyst Ali Martinez Identifies Descending Triangle Pattern

Cardano (ADA), a prominent blockchain platform launched in 2017 by Ethereum co-founder Charles Hoskinson, is currently at a pivotal juncture in the market. Noted crypto analyst Ali Martinez (@ali_charts) has drawn attention to a descending triangle pattern on lower timeframes, suggesting potential breakouts and highlighting critical support levels that could shape ADA's short-term trajectory. Read Also: Changelly Predicts Bullish Trajectory for XRP, Anticipates Steady Growth into the Next Decade Cardano's Unique Position Positioning itself as a "third-generation" blockchain, Cardano features the innovative Ouroboros proof-of-stake consensus mechanism, designed for enhanced energy efficiency and scalability. Charles Hoskinson's active involvement with Cardano includes recent warnings t...

Binance Undergoes Leadership Change Amidst DOJ Charges, CZ Steps Down as CEO

23Nov

By CryptolifedigitalNo Comments

Crypto Exchanges

Binance Undergoes Leadership Change Amidst DOJ Charges, CZ Steps Down as CEO

In a surprising turn of events, Changpeng Zhao, widely known as "CZ," announced his official resignation as CEO of Binance via Twitter on Tuesday. This development coincides with the United States Department of Justice unveiling charges against Zhao and the cryptocurrency exchange. Stepping into the role of CEO is Richard Teng, the former Global Head of Regional Markets at Binance. Read Also: DFLunc's Unprecedented LUNC Burns Surpass 4 Billion Units, Setting the Standard for Terra Classic Validators https://twitter.com/cz_binance/status/1727690145166750044 CZ's Departure and DOJ Charges The cryptocurrency industry was rocked by CZ's announcement of stepping down from his position as CEO of Binance. The timing of this decision aligns with the United States Department of Justice reve...

Binance Unveils Exclusive Promotion with 13% APR on USDT Simple Earn Flexible Products

14Nov

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Unveils Exclusive Promotion with 13% APR on USDT Simple Earn Flexible Products

In an exciting move, Binance, one of the world's leading cryptocurrency exchanges, has announced a new promotion for its users. The promotion, centred around USDT on Simple Earn Flexible Products, offers participants an exclusive Annual Percentage Rate (APR) of 13%. This enticing opportunity allows users to maximize their returns on USDT holdings within the Simple Earn framework. Read Also: Shiba Inu (SHIB) Announces Exciting Developments: 3,000 Free NFT Covers Await Subscribers https://twitter.com/binance/status/1724337903944208638 What is Simple Earn? Simple Earn is a feature on the Binance platform that enables users to earn passive income on their cryptocurrency holdings. It offers flexible and fixed-term products with varying APRs, providing users with options that suit their ...

Binance Announces Sale of Russian Business to CommEX, Paves Way for Future Growth

27Sep

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Announces Sale of Russian Business to CommEX, Paves Way for Future Growth

In a significant development for the cryptocurrency industry, Binance, one of the world's largest cryptocurrency exchanges, has agreed to divest its entire Russian business operations to CommEX (https://commex.com). The decision reflects Binance's strategic focus on compliance and its commitment to adhering to regulatory standards across the globe. https://twitter.com/binance/status/1706944096688885895 The transition process, aimed at ensuring a seamless experience for existing Russian users, is expected to span up to one year. Crucially, Binance has assured its Russian user base that all its assets are safe and securely protected during this period of transition. Read Also: Terra ClassicUSD (USTC) Community Approves Proposal to Halt Minting and Reminting, Aims to Restore Stabilit...

Binance Conducts Batch 12 LUNC Burn, Reducing Terra Classic’s Total Supply Below 6.84T

2Aug

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance Conducts Batch 12 LUNC Burn, Reducing Terra Classic’s Total Supply Below 6.84T

In a show of continued support for the Terra Classic ecosystem, Binance, the world's largest crypto exchange by trading volume, conducted its batch 12 LUNC burn on August 1. The burn resulted in the permanent removal of over 1.41 billion LUNC tokens from circulation in a single transaction. This move successfully reduced Terra Classic's total supply below 6.84 trillion tokens. Read Also: Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products Binance conducts 12 LUNC Burn On-chain data revealed that Binance burned exactly 1,412,760,563 LUNC at I:36 PM UTC on Tuesday. The burned amount accounted for 50% of Binance's trading fees on LUNC spot and margin trading pairs, which were accumulated between June 30 and July 3...

Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products

1Aug

By Adaralegbe Tosin MNo Comments

Crypto Exchanges

Binance Japan K.K. Launches, Offering Japanese Users Unprecedented Access to Tradable Tokens and Innovative Financial Products

Tokyo, Japan - In a major development for the cryptocurrency industry, the world's leading digital asset exchange, Binance, has officially launched in Japan as Binance Japan K.K. The launch marks a significant milestone for the company and the Japanese crypto community, granting users in the country access to an extensive range of tradable tokens, solidifying Binance's position as the premier exchange for Japanese investors. Binance Japan launches to offer users Unprecedented Access to Tradable Tokens With the launch of Binance Japan K.K., Japanese users gain unparalleled access to a diverse selection of tradable tokens, surpassing any other exchange in the country. This development is set to revolutionize the local cryptocurrency landscape, allowing traders to explore new investment opp...

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 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...