Binance Coin news Archives - Page 2 of 2

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 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 ...

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 Gives 3% Discount To Shiba Inu Holders 70 Other Cryptocurrency

3Jul

By Daniel AbangNo Comments

Shiba Inu

Binance Gives 3% Discount To Shiba Inu Holders 70 Other Cryptocurrency

Binance has Partnered with Alternative Airline to give a 3% discount to more than 60 other cryptocurrencies plus Shiba Inu. Shiba Inu lovers can now save money on travel costs with the recently sent-off development by Binance Pay and Alternative Airline, the airline is to give a 3% discount on all bookings. Binance Pay has sent off a thrilling proposal for Shiba Inu holders in association with Alternative Airlines, a web-based flight booking podium. According to the statement, the Shiba Inu fans can now profit from a 3% reduction on all flight appointments made through Alternative Airlines. Read Also: Austin Hilton, CEO of The Redhill Group, Highlights Significant Developments in Shiba Inu (SHIB) Ecosystem and Anticipated Shibarium Launch To guarantee the rebate, users are to m...

Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes

3Jul

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes

Binance, one of the world's largest cryptocurrency exchanges, has recently carried out its 11th Terra Classic (LUNC) token burn, further intensifying disputes within the Terra Classic community. The burn involved a substantial amount of 2.65 billion LUNC tokens, totalling approximately $236.6K at the time of the transaction. This burn, which occurred on July 1 at 15:12 (UTC), was executed by incinerating 50% of LUNC spot and margin trading fees accumulated between May 31 and June 29. Terra Classic's Total burn hit 65.3 Billion LUNC, Binance representing over 54% The cumulative Terra Classic burn, including contributions from all parties, has now reached 65.3 billion LUNC tokens. Binance's total burns account for an impressive 35.53 billion tokens, representing over 54% of the cumulative ...

Israel’s Ministry of Defense Seizes Millions in Cryptocurrency Intended for Terrorist Financing, with Support from Binance

30Jun

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Israel’s Ministry of Defense Seizes Millions in Cryptocurrency Intended for Terrorist Financing, with Support from Binance

In a historic achievement in the fight against terrorism, Israel's Ministry of Defense, with crucial assistance from Binance, a leading cryptocurrency exchange, successfully disrupted a significant terrorist financing operation orchestrated by the Hezbollah terror group. The operation not only represents a major victory in counter-terrorism efforts but also deals a blow to the funding activities of Iran's Islamic Revolutionary Guard Corps - Quds Force (IRGC-QF) on the blockchain. Read Also: Shiba Inu (SHIB) Makes Strides in Credibility and Adoption with Recent Developments https://twitter.com/binance/status/1674451617599332353 Binance, known for its commitment to combat illicit activities within the global cryptocurrency ecosystem, played a key role in identifying and thwarting th...

Binance CEO CZ’s Football Skills Questioned by Cristiano Ronaldo

20Jun

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance CEO CZ’s Football Skills Questioned by Cristiano Ronaldo

In a recent Twitter exchange, Binance CEO Changpeng Zhao (CZ) found himself at the centre of a playful banter with world-renowned professional footballer Cristiano Ronaldo. The discussion revolved around the hypothetical scenario of CZ pursuing a career as a professional footballer in an alternate life, with Ronaldo expressing doubts about his abilities on the field. Cristiano Jokingly Questions CZ's (Binance CEO) Free Kick The interaction began when Binance, one of the leading cryptocurrency exchanges, shared a tweet suggesting that CZ might have excelled as a professional footballer had circumstances have been different. The tweet playfully implied that CZ's skills on the football pitch were worthy of admiration. Read Also: Binance Announces Integration of Bitcoin Lightning Network ...

Beginners’ Guide On How To Navigate Through Binance Exchange App

6May

By OLAJIDE SAMUEL1 Comment

Crypto Guides

Beginners’ Guide On How To Navigate Through Binance Exchange App

Binance is one of the world's largest cryptocurrency exchanges, offering a wide range of digital assets for trading. The Binance exchange app is available for both Android and iOS devices and provides users with a convenient way to trade cryptocurrencies on the go. In this comprehensive guide, we will walk you through the process of navigating through the Binance exchange app. Downloading the Binance Exchange App The first step is to download the Binance Exchange app from the Google Play Store or the Apple App Store, depending on your device. Once the app is installed, open it and click on the "Register" button to create a new account. Read Also: Facts About Binance Exchange Creating an Account To create a new account, you will need to provide some basic information such...

BNB Spikes 33% Within 24 Hours as Crypto Market Starts to Regain: Here Are Likely Reasons

13May

By Cryptolifedigital3 Comments

Cryptocurrency

BNB Spikes 33% Within 24 Hours as Crypto Market Starts to Regain: Here Are Likely Reasons

Binance Coin (BNB) has displayed a spike of 33% since yesterday, and the head of Binance, CZ, noted it in his recent tweet, typing "BNB." In the meantime, the transaction volume on the BNB Chain has soared to a high last seen nearly half a year ago. XRP, ADA, and SOL have also recovered to within 15-20%. Image via TradingView Read Also: APE Spike 70% in 2 Days Thanks to Metaverse Teaser BNB recovers by 33% as its transaction volume soars Since last morning, the native cryptocurrency of the Binance exchange, BNB, ranked fourth on CoinMarketCap, has added a whole 33% to its market value. At press time, the coin is trading at $305, climbing from $230 to that level. Before that, on April 20, BNB began to decline from the $428 zone, reaching a low of $227 on May 12....