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Tag: Binance

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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Binance Empowers Global Law Enforcement with Cybercrime Combat Training in Kazakhstan
24Jun By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Empowers Global Law Enforcement with Cybercrime Combat Training in Kazakhstan

 In its ongoing effort to combat cybercrimes and promote global security, the renowned cryptocurrency exchange, Binance recently concluded a four-day training program in Kazakhstan. The Binance Law Enforcement Training team organized and facilitated the comprehensive sessions, which aimed to equip law enforcement agencies with the necessary skills to address the growing challenges posed by cybercriminals. Read Also: Former Terra Classic (LUNC) Developer Zaradar Mocks Price Logic, Ignites Fuss in Community https://twitter.com/binance/status/1672363910802862080 Binance Collaborates with Kazakhstan Govt To Hold Training Program  As the digital landscape continues to evolve, cyber crimes have become an increasingly prevalent threat. Recognizing the urgent need for collaboration between...
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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 ...
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Binance Announces Integration of Bitcoin Lightning Network for Deposits and Withdrawals
20Jun By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Announces Integration of Bitcoin Lightning Network for Deposits and Withdrawals

Binance, one of the world's leading cryptocurrency exchanges, has recently announced its plans to integrate the Bitcoin Lightning Network for deposits and withdrawals. This move signifies Binance's commitment to enhancing the efficiency and scalability of Bitcoin transactions. Binance To Integrate The Bitcoin Lightning For Deposits And Withdrawals The news broke after eagle-eyed users spotted lightning nodes associated with Binance's infrastructure, leading to speculation about the exchange's involvement with the Lightning Network. Binance subsequently confirmed the rumours via a tweet, acknowledging the presence of lightning nodes and assuring users that they are indeed working towards the full integration of the Lightning Network. Read Also: Superman Returns to LUNC as a Validator, ...
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Binance Chairman Cites Lack of Evidence of Asset Dissipation in Recent Court Transcript
19Jun By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Chairman Cites Lack of Evidence of Asset Dissipation in Recent Court Transcript

In a recent court transcript, the Chairman of Binance, Changpeng Zhao (CZ), referred to the lack of evidence of asset dissipation related to BAM Trading, providing a glimmer of hope for the cryptocurrency exchange. This scrutiny in the legal proceedings is seen by many as a form of validation for the exchange, highlighting the absence of concrete proof of any wrongdoing. CZ's statement has sparked discussions and renewed optimism among the Binance community. https://twitter.com/cz_binance/status/1670510738090209281 CZ reiterated that there has been no indication of any dissipation of assets within the organization During the court proceedings, the judge and legal representatives examined the allegations made against Binance and BAM Trading, the company behind the Binance platform. The...
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Binance Takes Legal Action against Scammer Entity “Binance Nigeria Limited”
19Jun By OLAJIDE SAMUELNo Comments
Crypto Exchanges

Binance Takes Legal Action against Scammer Entity “Binance Nigeria Limited”

Binance, one of the world's leading cryptocurrency exchanges, has recently issued a cease and desist notice against the scammer entity "Binance Nigeria Limited." The announcement came directly from Changpeng Zhao (CZ), the Chairman of Binance, who took to his Twitter page to address the situation. This move by Binance showcases its commitment to maintaining the integrity of its brand and protecting its users from fraudulent activities. In a strongly worded tweet, CZ expressed his disappointment and frustration at the existence of such a fraudulent entity using the Binance name. He emphasized that Binance Nigeria Limited has no affiliation with the legitimate Binance platform and urged individuals to exercise caution and avoid any dealings with this scammer entity. https://twitter.com...
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