Stargate Finance rises 15% after Binance completes contract swap
Binance stated that the Stargate Finance contract swap has been completed successfully, increasing the price of STG by more than 15%. On March 17, 2023, Binance, the largest cryptocurrency exchange in the world based on trade volume, finished the Stargate Finance (STG) contract swap. On its official website, Binance made the announcement. Binance has opened […]
Binance Switches To TUSD From BUSD’s Free Bitcoin Trading
On March 22, Binance announced that it would switch its zero-fee Bitcoin (BTC) trading from Binance USD (BUSD) to TrueUSD (TUSD). Binance exchange staid in a statement dated March 15 that the zero maker fee for BUSD would also apply to its pair with other assets like BNB and Ethereum. It further stated that typical […]
Binance will lose its provider for British pounds in 9 weeks
Binance is trying to find a new service partner to process British pound transactions on its trading platform after its present partner, Skrill Limited, stated that it would quit providing services to the crypto exchange in the near future. Binance informed “Binancians” in a March 13 email that Skrill would cease processing pound deposits and […]
Binance to convert recovery funds from BUSD to ‘native crypto’
Binance CEO, CZ, announced that due to recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from Binance USD (BUSD) to “native cryptos” such as BTC. The bankruptcy of Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank, three significant crypto-backing institutions, caused the stablecoin USDC to drop from its $1 […]
Binance switches to multiple stablecoins, ends conversion policy
Binance suspends its BUSD auto-conversion for new deposits of the USDC, USDP, and TUSD stablecoins amid Circle’s Dollar Coin (USD) depeg. On Saturday, Changpeng “CZ” Zhao, CEO of Binance, said that the company would no longer maintain its Binance USD (BUSD) Auto-Conversion policy, which had been in place since last September. Surprisingly, the action was […]