Binance Archives - Page 6 of 8

February 21, 2023

Terra Classic Proposals Approved by Community, Awaiting Binance’s LUNC Burn Mechanism Return

Terra Classic is expected to see the return of Binance’s LUNC burn mechanism as long as the community approves three key proposals put forward by a lead developer. Binance had requested that the Terra Classic team make necessary changes by March 1 to maintain the burn mechanism, and the failure to ...

#Binance #CRYPTOCURRENCY #LUNC #NEWS #Terra Classic

February 14, 2023

Binance Experiences Massive Outflow Amid Regulatory Scrutiny

Binance, the largest cryptocurrency exchange in the world, has seen record outflows over the past few days due to regulatory scrutiny surrounding its stablecoin dealings. Binance Coin (BNB) suffered a significant price drop over the past week and fell below the $300 mark after experiencing more tha...

#Binance #BNB #BUSD #CRYPTOCURRENCY #NEWS #Paxos

February 06, 2023

Binance to Support Terra Classic Network Upgrade

Binance, the world’s largest cryptocurrency exchange, has declared support for the Terra Classic network upgrade. The upgrade from version 1.0.4 to version 1.0.5 is scheduled to occur at block height 11.543.150, estimated to be on February 14th; however, the exact timing is subject to change....

#Binance #CRYPTOCURRENCY #LUNC #NEWS

January 10, 2023

Shiba Inu Whale Transaction to Binance Raise Brows

The world’s largest cryptocurrency exchange by trading volume, Binance, has received a transfer of up to 4 trillion tokens from a Shiba Inu (SHIB) whale to an unidentified wallet. The transferred SHIB tokens are valued at $34,736,666, according to statistics from cryptocurrency analytics comp...

#Binance #CRYPTOCURRENCY #NEWS #SHIB #Shiba Inu

November 22, 2022

Binance Said to Possess Largest Bitcoin Reserves Globally: Reports

Behemoth cryptocurrency exchange Binance is rightfully considered to be the largest by trade volume, as the trading platform holds a sizable bank of digital assets in its reserves. Recently, proof-of-reserves have been a hot topic, and exchanges have been providing crypto addresses to demonstrate t...

#Binance #BITCOIN #BTC #CRYPTOCURRENCY #NEWS

November 18, 2022

Binance Called Out for Hypocrisy After Moving Funds from Its Proof-of-Reserve Wallet

The crypto community is criticizing Binance for withdrawing $2.7 billion from their proof-of-reserve wallet. The exchange reacted by stating that the transfer was to a cold wallet for TRX. As soon as the crypto world heard that Binance had transferred $2.7 billion out of its “proof of reserve...

#Binance #CRYPTOCURRENCY #FTX

November 15, 2022

Binance Facing Probe for Its Alleged Role in FTX Meltdown

On Tuesday, the cryptocurrency exchange Binance said that it has agreed to provide the UK Parliament’s Treasury Committee with information regarding the proposed FTX takeover agreement and its decisions to sell its holdings of the FTT coin. The crypto exchange will show up as a witness in the...

#Binance #CRYPTOCURRENCY #FTT #FTX #NEWS

November 09, 2022

Binance Acquires FTX Following Solvency Crisis

Official sources have confirmed that Binance has made an offer to purchase FTX.com for an unknown amount, and following some due diligence procedures, it will formally possess one of its largest exchange rivals. This afternoon, FTX asked for our help. There is a significant liquidity crunch. To pro...

#Bankman-Fried #Binance #CRYPTOCURRENCY #CZ #FTT #FTX #NEWS

October 24, 2022

Hacker Who Exploited Binance’s Cross-Chain Bridge To Get Identified Soon: CZ

The hacker(s) responsible for the $570 million exploit on Binance’s cross-chain bridge, BSC Token Hub, earlier this month is about to be identified. Changpeng “CZ” Zhao, CEO of Binance, stated in a recent interview with CNBC’s “Squawk Box Europe” that the company...

#Binance #CRYPTOCURRENCY #hack #NEWS