Binance’s First Quarterly Auto-Burn Removed Over 1.6B BNB
Binance intends to replace its native token’s quarterly burn with a new mechanism called BNB Auto-Burn. The burn took 1,684,387.11 BNB, according to a Binance blog post. That’s $798,887,962 in tokens at the time of writing. Through the Binance Pioneer Burn program, which counts BNB delivered to dead wallets, 6296 of those coins were ‘effectively’ […]
Binance Now Allows Direct Ethereum Layer 2 Withdrawals
Binance appears to have begun making direct withdrawals to Layer 2 Ethereum Networks. Lark Davis, a well-known crypto analyst, was the first to notice the change, posting a screenshot to his Twitter account. Oh boy…… Binance just enabled direct withdrawals to layer two #ethereum!!!! HUGE NEWS!!!! pic.twitter.com/4B2t2nV9OB— Lark Davis (@TheCryptoLark) January 14, 2022 Binance has already […]
Binance founder reveals the best approach to combat rising inflation rates
Changpeng CZ Zhao, the founder of Binance and a crypto millionaire, has recommended crypto as a means to combat inflation. Michael Saylor, a fellow billionaire, stepped in to say that Bitcoin is the ideal inflation hedge. Billionaires propose ways to fight crypto inflation In a tweet, the crypto millionaire said that inflation was an insurmountable […]
Binance partners with the Confederation of African Football (CAF) to sponsor the AFCON
Binance is really keen on its expansion globally with Africa not being an exception. In a bid to further develop crypto adoption in Africa, the crypto exchange has announced its sponsorship of the TotalEnergies Africa Cup of Nations (AFCON). The TotalEnergies Africa Cup of Nations (AFCON) tournament, Africa’s largest men’s football championship series, kicked off […]
Pakistan issues notice to Binance cryptocurrency exchange in a $100-mn scam investigation
During the investigation of an alleged cryptocurrency scam involving about $100 million, Pakistan’s Federal Investigation Agency (FIA) sent a notice to Binance, a cryptocurrency exchange. According to a statement from the FIA’s hacking department, the notice summoned Binance Pakistan’s general manager or growth analyst to come and explain the company’s viewpoint on the exchange’s linkage […]