Wednesday, February 21Welcome to Cryptolifedigital

Tag: Binance Card

Cardano (ADA) Faces Crucial Moment as Analyst Ali Martinez Identifies Descending Triangle Pattern
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
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
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
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
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
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
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
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
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 Temporarily Suspends Market Order Functions Due to Technical Issues
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 ...