Binance Modifies Terra Luna Classic Token Burn Mechanism
Binance Exchange has increased LUNC burns this month to support the Terra Luna Classic community, resulting in a price rise. Binance, a cryptocurrency exchange, has implemented the LUNC fire mechanism numerous times this month, which has sparked speculation within the Terra Luna Classic community. The exchange has been the most significant contributor, burning 64.47 billion […]
Binance Plans System Update to Enhance Services
Binance will undergo a system update on September 25, 2024, at 09:30 (UTC), potentially causing brief service interruptions. Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that a system update for account services is scheduled for September 25, 2024, at 09:30 (UTC). The update is anticipated to last for approximately three hours, […]
Binance CEO: Institutional Investors Grew 40% This Year
Binance CEO Richard Teng announced that the crypto exchange’s institutional and corporate investors increased by 40% this year. Binance CEO Richard Teng has announced that the exchange’s institutional and corporate investors have grown by 40% this year, underlining institutions’ increasing exposure to crypto assets, particularly following the launch of spot Bitcoin and Ethereum ETFs. Despite […]
Binance Backs Terra Classic Upgrade to Improve User Experience
Binance will support the Terra Classic (LUNC) network upgrade, temporarily suspending deposits and withdrawals at 13:15 local time, while trading remains unaffected. Binance declared its support for the impending Terra Classic (LUNC) network upgrade, which is scheduled to take place at a block height of 19,850,000 at approximately 14:15 local time. Beginning at 13:15 on […]
Binance Addresses WazirX-Liminal Custody Blame Game
In light of the $233M exploitation attack on the platform, Binance recently denied any ties to the Indian crypto exchange WazirX. In a surprising move, crypto exchange giant Binance denied any association with WazirX, Zanmai, or Zettai after user funds were stolen from the Indian exchange. Binance firmly stated that WazirX must take responsibility for the […]