Binance to Halt Support for Several Leveraged Token Services
Binance exchange will discontinue support for a subset of its leveraged tokens that are associated with Bitcoin, Ether, and BNB starting April 3. On February 19, Binance declared its intention to discontinue support for leveraged tokens coupled with Tether. Affected are the following leveraged tokens: BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN. […]
BNB Developers to Merge BEP2, BEP20 Beacon Chain Tokens
The developers of Binance’s BNB Chain aim to consolidate the dual-chain structure of the BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20) into a single blockchain. Users are “strongly recommended” to transfer their BEP2 and BEP8 (mini BEP2 tokens) to the BEP20 chain, which will preserve assets in a 1:1 ratio, per the January […]
BNB Surges 3% from One-Year Low Amid Binance Probe
BNB, the native token of Binance, the world’s largest crypto exchange, has recovered from a one-year low of $204 to $216, despite facing a new investigation by the US Department of Justice (DoJ) over alleged sanctions violations in Russia. BNB has been under heavy selling pressure due to the ongoing crypto market slump and the […]
Binance Burns $480 Million Worth of BNB
Following its 24th quarterly burn, Binance destroyed 1,99 million BNB tokens. The Auto-Burn system executes this burn to maintain the 100,000,000 BNB token supply. The market value of the burnt tokens is $484,160,000. This is a Binance initiative to reduce the number of BNB tokens circulating. The burn is carried out by an Auto-Burn mechanism, […]
Binance to Delist API3/BUSD and Other Spot Pairs
Binance has announced the delisting and cessation of trading for several spot trading pairs effective from July 13th, 2023. Effective from 06:00 on July 13th, 2023, the following spot trading pairs will be removed from Binance: API3/BUSD, BLZ/BUSD, GHST/BUSD, NEXO/BUSD, STPT/BUSD, and WIN/BUSD. While Binance has not provided a specific reason for the delisting, it […]