Binance hopes to remedy that with multi-party computation (MPC), which removes the need for users to memorize seed phrases without compromising the benefits of security and self-custody. MPC involves a private key being broken up into three parts called key shares, with two of the three key shares being controlled by the wallet owner. Source
Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app. During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service: “Web3 wallets represent more than just storing digital assets — they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance.” For the purpose of simplicity, Binance’s Web3 wallet launches within the primary Binance app, which is…
Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance. According to Binance’s Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish Lira (TRY). Binance claims that it did not charge developers any listing fees for the ORDI token and that withdrawals will open on Nov. 8. As part of initial incentives, the first 1,000 users who deposit at least 72 ORDI to the exchange received…
The largest cryptocurrency exchange, Binance, announced the listing of the native token of the Bitcoin Ordinals project — ORDI. Users can already fund accounts with coins in preparation for trading. The platform introduced spot trading pairs: ORDI/BTC, ORDI/USDT, ORDI/TRY. Withdrawals will open tomorrow, on Nov. 8. In addition, within 48 hours, the token will be available on an isolated margin paired with the stablecoin Tether (USDT). Before trading, the first thousand users who top up their account with at least 72 ORDI will receive a reward of 50 USDT. At…
The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens. In the latest announcement on Tuesday, November 7, Binance will list Ordinals (ORDI) on the platform while introducing spot trading pairs such as ORDI/BTC, ORDI/USDT, ORDI/TRY. Furthermore, Binance also announced that they would be applying a Seed Tag to ORDI. Ordinals is a new inscription protocol on the Bitcoin network. The total supply of Bitcoins is capped at 21 million, with each Bitcoin divisible into 100…
“ORDI is a relatively new token that poses a higher-than-normal risk, and as such will likely be subject to high price volatility,” Binance said in a Tuesday announcement. “Please ensure that you exercise sufficient risk management, have done your own research in regard to ORDI’s fundamentals, and fully understand the project before opting to trade the token.” Source
This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet. In a cryptic post on X, Changpeng ‘CZ’ Zhao, the CEO of Binance, recently sparked the curiosity of the crypto community by simply posting the number “3” and an announcement with a video captioned “COMING SOON.” Binance Announcement amid Liquidation While the content of this upcoming announcement remains shrouded in mystery, it has piqued the curiosity of crypto enthusiasts and investors alike. Coincidentally, this…
A crypto whale was recently spotted by a blockchain monitoring platform withdrawing a massive stack of Ethereum (ETH) from Binance over the weekend. First seen by Lookonchain, a “smart whale” deposited 31.8 million Tether (USDT) into Binance, and then withdrew $15.94 million worth of ETH hours later. Just hours later, the whale took out another $16 million worth of ETH from Binance. According to Lookonchain, the whale remains long on their ETH from the price of $1,836. “This smart whale withdrew another 8,618 ETH ($16 million) from Binance… The whale…
With the current positive news surrounding XRP, the prevailing sentiment, and the increased participation of crypto whales, it is expected that the price will continue to rise. XRP’s market capitalization has surged to $36 billion, coming close to Binance Smart Chain (BNB), which boasts a market capitalization of $37 billion. This achievement followed a major price spike that propelled the price to $0.68. XRP’s 22% increase in the last seven days indicates that it outperformed the other top 5 cryptocurrencies, with Bitcoin only gaining 1%, Ethereum 3%, and Binance Coin…
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token’s price is near the highest in a year. Source