Tag: Binance

Binance launches Arkham token sale, launch price to be 10X higher

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 17, the world’s largest crypto exchange by trading volume, Binance, announced the launch of the arkham (ARKM) token sale on its launchpad, making it the 35th project on the platform. However, ARKM’s launch will be different since there will be mechanisms to “protect investors from volatility.” At the same time, Binance said the launch of the ARKM will be set at $0.50 — 10 times the public sale price — for the first five…

Binance cuts back on employee benefits, citing ‘decline in profit’: Report

Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm. According to a July 17 report from The Wall Street Journal, Binance said it had stopped offering reimbursement to employees for certain expenses including use of mobile phones, fitness, and working from home. The crypto exchange reportedly cited the “current market environment and regulatory climate” which lead to a “decline in profit”, suggesting more cost-cutting measures may be needed. The report followed one suggesting Binance had let go of…

Binance cuts back on employee benefits, citing ‘decline in profit’: Report

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Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm. According to a July 17 report from The Wall Street Journal, Binance said it had stopped offering reimbursement to employees for certain expenses, including the use of mobile phones, fitness and working from home. The crypto exchange reportedly cited the “current market environment and regulatory climate,” which led to a decline in profit, suggesting more cost-cutting measures may be needed. The report followed one suggesting Binance had let go…

Crypto Exchange Binance Slashes Worker Benefits as Profit Falls: WSJ

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Changpeng “CZ” Zhao, Binance’s CEO, however, told workers in a company meeting on Friday that Binance was still profitable and had not been impacted by the recent lawsuit against it by the U.S. Securities and Exchange Commission, according to attendees at the meeting that spoke to the Journal. He did say, though, that there could be additional layoffs every three to six months and that he did not know if and when the worker benefits that had been cut would be coming back. Source

1inch Token Surges 58% as Daily Trading Volume Spikes to 20-Month High; Investor Moves $3.7M to Binance

This creates a fragile market dynamic as market depth, a metric used to assess liquidity over a 2% spread, remains relatively low compared to trading volume. Buy-side market depth of 1inch on Binance is currently $226,272, according to CoinMarketCap. Spot sellers can capitalize on the leveraged trading activity to prompt a cascade of long position liquidations. Source

Binance integrates The Bitcoin Lightning Network

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, a cryptocurrency trading platform, has successfully integrated the Bitcoin Lightning Network. Users can now make bitcoin deposits and withdrawals.  The announcement comes a little under a month after the exchange revealed its intentions to incorporate the Bit Lightning Network. Binance customers can utilize the layer-2 scaling solution for bitcoin deposits and withdrawals. The exchange verified the progress in a blog post on July 17. The BNB Smart Chain (BEP20), Bitcoin, the BNB Beacon Chain (BEP2), Bitcoin Core…

Binance completes integration of Bitcoin Lightning Network

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Cryptocurrency exchange Binance has announced it has successfully integrated Bitcoin (BTC) on the Lightning Network, enabling the use of the layer-2 scaling solution for Bitcoin withdrawals and deposits. Binance confirmed the news in a July 17 blog post, where they explained that Binance users can now access their BTC deposit address on the Lightning Network. #Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open. More details here https://t.co/aIofPdtAGY — Binance (@binance) July 17, 2023 Binance first hinted at…

Binance CEO Tweets Laughing Emoji As Top Crypto Exchange Reportedly Lets Go of More Than 1,000 Employees

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Top global crypto exchange Binance has reportedly axed more than 1,000 employees in recent weeks – and the company’s CEO, Changpeng Zhao, doesn’t seem too concerned about it. A Wall Street Journal report reveals the layoffs, citing a source familiar with the matter. A Binance spokesman confirmed the layoffs to the news outlet but declined to specify the total number of people the company plans to let go. “As we prepare for the next major bull cycle, it has become clear that we need to focus on talent density across…