Since the announcement of the US Securities and Exchange Commission (SEC) action against Paxos and its stablecoin Binance USD, the largest cryptocurrency exchange Binance has experienced a spike in withdrawals from its users. The stablecoin BUSD also known as Binance USD, was introduced in 2019 by Binance and Paxos. Then
As a result of user criticism, the biggest cryptocurrency exchange by trading volume stated on Saturday that it has restored previously-set withdrawal limitations on the Tron network. After the Tron DAO voted to change the energy pricing technique used on the network, Binance announced that it will be increasing fees.
Binance, a cryptocurrency exchange, stated on February 10 that it will be using zk-SNARKs. As part of its proof-of-reserves verification system. A cutting-edge technology that the company claims would enable it to validate its reserves in a more secure, transparent way. Proof-of-reserve verification became an important part of the cryptocurrency
Binance will change withdrawal fees on the TRON (TRX) Network in accordance with the most recent proposal 83 that the TRON (TRX) community accepted in order to switch the energy charging system to a dynamic energy model. #Binance will adjust the TRON Network Withdrawal Fees. This adjustment is in line
Following the demise of rival cryptocurrency exchange FTX, there have been demands for more openness, and a comprehensive audit of Binance is still outstanding. Binance’s Asia-Pacific president Leon Foong said on Wednesday that the exchange’s complete audit of its cryptocurrency holdings and liabilities would take longer than first anticipated. When
Binance, the world’s leading centralized crypto exchange is suspending all USD bank transfers. The restriction mentioned above will be placed into action from the 8th of February. Also, this is applicable to all transactions taking place outside the US. From February 8th, we will temporarily suspend all USD bank transfers.
Turkey, the transcontinental western Asia peninsula country was hit by terrific earthquakes on Feb 6th. The country is scattered and the world is showing its support to the victims in various forms. The leading crypto firms and exchanges have also pledged to back Turkey in all possible ways. The first
On Monday, Binance, the biggest cryptocurrency exchange in the world, said that it will be supporting the Terra Classic (LUNC) upgrade. At block height 11,543,150, the Terra Classic (LUNC) network will be upgraded, likely on February 14th. Proposal 11310 is a part of the Joint L1 Task Force development group.
Despite the last year’s bearish momentum, Binance native blockchain BNB Chain has continued to demonstrate strong activity growth in the fourth quarter of 2022. According to Messari, a blockchain research platform report, the average daily active addresses and transactions on BNB Chain have been pushed hard and climbed by 30%
Today, Binance is introducing Binance Tax, a brand-new tool that gives customers quick access to information on the tax related to their cryptocurrency trading activity. Users of Binance Tax are able to get a report that includes a tax summary of any profits or losses they have made using Binance.
