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Tag: Binance

Binance Charity Commits Substantial Aid to Morocco’s Earthquake Victims
12Sep By CryptolifedigitalNo Comments
Crypto Exchanges

Binance Charity Commits Substantial Aid to Morocco’s Earthquake Victims

Morocco - In the wake of Morocco's most devastating earthquake in a century, which struck on September 8, 2023, with a destructive magnitude of 6.8, the death toll has tragically surpassed 2,000 people. However, a ray of hope has emerged as Binance Charity has declared its unwavering commitment to assist the affected regions in their recovery efforts. Binance Charity's Pledge Binance Charity has pledged to provide critical support to underprivileged communities in Morocco affected by this catastrophic event. Their mission is to offer immediate relief enhance transparency in charitable work and foster a positive impact on society. Read Also: Reviving $LUNC: Strategies for a Comeback To identify eligible beneficiaries, Binance Charity will employ a Proof of Address (POA) validation p...
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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...
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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...
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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...
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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...
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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...
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Binance Hold 79 trillion SHIB and over 2.69 XRP Token In their Updated PoR
6Jul By Daniel AbangNo Comments
Uncategorized

Binance Hold 79 trillion SHIB and over 2.69 XRP Token In their Updated PoR

Binance has updated its PoR which shows the latest data of 79 trillion Shiba Inu and 2.69 billion XRP token which the exchange hold as of recently. Regardless of the wild economic situations and the mounting regulatory difficulties, Binance has stayed the go-to centralized exchange for financial backers. Its refreshed Proof of Reserve (PoR) proves this, showing holdings of 79 trillion Shiba Inu (SHIB) and over 2.69 billion XRP. Binance as of late delivered the refreshed PoR, recommending that the exchange holds customer deposits at 1:1. Similar to past reserve exposures, the update shows that all customer possessions in various assets are held at overcollateralized proportions. Read Also: Binance Gives 3% Discount To Shiba Inu Holders 70 Other Cryptocurrency According to the de...
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Binance Announces PENDLE As The 35th Project On Its Launchpool Platform
3Jul By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Announces PENDLE As The 35th Project On Its Launchpool Platform

Binance, one of the world's leading cryptocurrency exchanges, has recently announced the addition of Pendle (PENDLE) as the 35th project on its Launchpool platform. Pendle is a unique yield-trading protocol that allows users to separate a yield-bearing asset into its principal and yield components, enabling them to earn fixed or flexible yields. Read Also: Vitalik Buterin Reveals Concerns about ETH Staking Protocol, Cardano's Charles Hoskinson Expresses Amazement https://twitter.com/binance/status/1675807633549172736 Detail On Binance PENDLE The launch of Pendle on Binance Launchpool is scheduled to take place soon, with the webpage estimated to be available in approximately four hours. Users will have the opportunity to stake their Binance Coin (BNB) and TrueUSD (TUSD) tokens sepa...
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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 ...
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