Tag: Binance

Polygon (MATIC) Whale Makes Large Deposit To Binance, Bearish Sign?

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On-chain data shows a Polygon whale has made a sizeable deposit to the cryptocurrency exchange Binance, a sign that may be bearish for MATIC. Polygon Whale Has Deposited $13.7M Worth Of MATIC To Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a massive MATIC transaction has been spotted on the blockchain during the past day. The transfer in question involved the movement of 13.1 million MATIC, worth almost $13.7 million in US Dollars, when the transaction went through on the network. Given the large scale of…

Binance Labs invests in PoS Bitcoin staking protocol Babylon Chain

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Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.  Babylon introduces a unique approach to staking Bitcoin directly on Proof of Stake (PoS) blockchains, allowing users to earn yields without relying on intermediaries like third-party custodians, bridge technologies, or wrapping services. This method offers PoS chains slashable economic security while providing Bitcoin holders a more fluid process for unbonding stakes, thus improving liquidity. Binance Labs has recently intensified its investment activities in the staking and re-staking domains,…

BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source

Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions

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Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […] Source

Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK)

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Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK). Starknet kicked off its first token allocation on Tuesday. The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses. Eligible individuals and groups will have four months to claim their tokens, and unclaimed STRK will be distributed in future rounds. Binance attached a seed tag to STRK. The exchange applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own…

Government Prosecutors Urge Judge To Accept Plea Deal for Crypto Exchange Binance: Report

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US government prosecutors are reportedly urging a federal judge to accept crypto exchange Binance’s plea deal. In November 2023, the top global crypto exchange was hit with a $4.3 billion fine by the U.S. Department of Justice (DOJ) to settle a multi-year investigation. Changpeng Zhao, Binance’s controversial chief executive, said he would plead guilty to violating US anti-money laundering laws and step down as CEO. A sentencing memo filed to a federal court in Seattle last week indicates that prosecutors want the case’s judge to accept the plea deal, according to…

Tron (TRX) investors add DeeStream (DST) after Binance Coin (BNB) funds puts huge investments into innovative presale

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The creation of cryptocurrencies was a turning point for tech and finance. Cryptocurrencies changed investments. It spurred people to reimagine the concept of “money”. Today, almost everyone appreciates the profitability of cryptocurrencies and invests accordingly. In a way, it has also become quite competitive. Crypto investing is now all about the question, “Which of these coins would be the most profitable?” This is why holders of renowned cryptocurrencies like Tron (TRX) and Binance Coin (BNB) still invest in other coins. Tron (TRX) and Binance Coin (BNB) holders want to expand…

Binance to shut down multiple leveraged token listings

Binance has announced the discontinuation of support for certain leveraged tokens associated with Bitcoin, Ether, and BNB, effective Apr. 3. Unveiled on Feb. 19, the decision specifically targets leveraged tokens BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN, all paired with Tether. The exchange will halt trading and subscription services for these leveraged token pairs on Feb. 28 at 06:00 UTC, as stated by Binance. All trade orders for the leveraged tokens that they mentioned will be ‘automatically removed’ on the set date, indicating a firm deadline for users to adjust…

Binance Futures to launch ORDI perpetual contract

Cryptocurrency exchange Binance announced the listing of the ORDI perpetual contract. According to a post on Binance Futures, the platform will launch a USDC-margined ORDI perpetual contract on Feb. 22, 07:00 (UTC), with up to 75x leverage. The maximum financing rate for the ORDIUSDC perpetual contract at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours. Users will be eligible for a 10% discount on trading fees for all USDC margined futures contract trades until April 03, 12:30 pm (UTC). Following the news,…