Fri, October 9

Binance Pool Launches $500M Lending Initiative For Miners

Interest rates on these loans will be between 5% and 10%. In a blog post, the exchange announced its plans to provide cloud mining services. Binance, a prominent cryptocurrency exchange, has been charging forward with several different projects despite the weak market. The Bitcoin (BTC) mining business has once again

October 14, 2022 1 min read

U.S Authorities Charge Bittrex With Violation of Sanctions

According to OFAC head Andrea Gacki, national security is put at risk. Bitmex, a crypto derivatives exchange, was fined $100 million by FinCEN last year. Bittrex, a cryptocurrency exchange situated in Washington State, was hit with charges from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control

October 13, 2022 1 min read

Binance Adds TerraClassicUSD (USTC) as Borrowable Asset

Binance has not abandoned its support for the Terra Classic currencies. Over the past week, the price of USTC has increased by over 65%. Binance, the biggest cryptocurrency exchange in the world, has added TerraClassicUSD (USTC) as a borrowable asset to its Binance Loan service. Demonstrating its continued commitment to

October 13, 2022 2 mins read

Uniswap Labs Valuation Stands at $1.66B After $165M Funding

The firm is now focusing on growing its Web3, DeFi, and NFT market offerings. Uniswap Labs is now a $1.66 billion unicorn. The corporation behind the decentralized cryptocurrency exchange Uniswap, Uniswap Labs, has declared a $1.66 billion valuation after obtaining $165 million in a Series B fundraising round. Polychain Capital

October 13, 2022 2 mins read

Binance Completed 21st Quarterly Burn Using BNB Auto-Burn

The 21st quarterly BNB token burn totaled 2,065,152.42 BNB. It has pledged to burn 100 million BNB since the launch of BNB and Binance in 2017. BNB Chain has finished its 21st BNB burn and the final quarterly burn of 2022. The burn includes the Auto-Burn feature, the Pioneer Burn

October 13, 2022 1 min read

KuCoin Offers Zero Maker and Taker Fees on BTC and ETH Pairs

At the moment, over 1,200 crypto trading pairings are available on KuCoin. As of now, investors in over 200 nations may make use of it. KuCoin, a leading cryptocurrency exchange platform, has announced a series of events to mark the company’s fifth anniversary and the global launch of many new

October 12, 2022 1 min read

Google Cloud To Accept Crypto in Collaboration With Coinbase

It would begin accepting cryptocurrency payments in the first quarter of 2023. Coinbase’s commerce service now supports 10 different digital currencies. Google’s latest partnership is a show of support for digital currencies. The number of countries using cryptocurrency has been growing recently. Several major corporations are also beginning to see

October 11, 2022 1 min read

Coinbase Achieved Milestone by Obtaining Singapore License

Singapore has granted cryptocurrency licenses to around 15 applicants. Coinbase recently declared the expansion of its services in Australia with two new features. The most prominent centralized cryptocurrency exchange, Coinbase, announced that it has obtained an “In-Principle Approval (IPA)” which the central bank introduced for cryptocurrency companies last year. With

October 11, 2022 2 mins read

Over 3 Billion Terra LUNC Burned by Binance Exchange

Binance has burned over 3 billion LUNC, worth around $1 million. Notably, the first trading fee burning amounted to around 5.5 billion LUNC. Today, a LUNC community validator named LUNC DAO tweeted that the largest cryptocurrency exchange in the world, Binance, has burned over 3 billion LUNC worth $1 million,

October 10, 2022 1 min read

FTX CEO Discloses Roll Out of V2 Adding Significant Enhancements

The CEO has announced that a brand new order matcher is in the works.  All the features will probably be released on November 1, 2022. Sam Bankman-Fried, CEO of the FTX exchange, discusses the development of the FTX exchange in a series of tweets. He said that several enhancements to

October 10, 2022 1 min read