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
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…
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…
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 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…
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,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Leap year sparks crypto diversification: ETH & BBN investors eye DST’s presale, drawn by its innovative streaming model. The leap year means an extra day for making profitable investments. With this anticipation, investors who are involved with Ethereum (ETH) and Binance Coin (BNB) are exploring the option of diversifying their investments into DeeStream (DST). This decision is considered potentially profitable. DeeStream (DST) offers a special presale at $0.035, presenting…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Minu meme coin soars 1,100%, hints at new highs. Sponge V2 also surges with P2E hype. A BSC-native meme coin called Minu has surged over 1,100% this month. But after finding a high-interest support level, the price looks set for another leg up. Its meteoric trajectory reflects a broader market excitement in meme coins, enabled by the recent pump among leading cryptos like Bitcoin (BTC) and Ethereum (ETH). Minu…
The National Institute of Standards and Technology (NIST), an entity within the United States Department of Commerce, is currently scrutinizing a specific vulnerability in the iOS version of the Binance Trust Wallet application. This examination centers on a security flaw that, if exploited, could potentially enable attackers to illicitly access and divert funds from users’ cryptocurrency wallets. The focus of the investigation is on how the application improperly utilizes the trezor-crypto library for generating mnemonic words, crucial for securing user funds, which ought to be authenticated at the entropy source…
The Binance-owned wallet has been the victim of multiple cyber attacks during 2023. Source