Category: News
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BNB Chain supports projects in terra ecosystem
BNB Chain (BNB) has pledged to invest and support projects that are considered to be leaving the Terra ecosystem because of the harshest event in the cryptocurrency sector in recent years. Stader Labs will become one of the first projects in the Terra ecosystem to start integrating with BNB Chain. The company builds liquid staking […]
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Binance is in dialogue for legal approval in Germany.
Binance’s founder and CEO, Changpeng “CZ” Zhao, said that they are in the process of dialogue for legal approval in Germany. He said at an event in Hamburg on Wednesday that Binance is recruiting compliance personnel for its team in Germany and hopes to be licensed here. “Our team is definitely working with regulators in […]
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Binance looking for the right time to launch in India
Binance, the world’s largest cryptocurrency exchange, is actively trying to “find the right time to launch in India”. “We are monitoring changes in the regulatory environment in this country. We are also in dialogue with different parties to understand how to approach the market in South Asia,” a Binance spokesperson said. On LinkedIn, Binance is ramping […]
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Binance.US team up to launch Chainabuse to reduce scams
Binance.US and six other major cryptocurrency companies — Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — have joined hands to launch a tool for the community to report scams. Launched on Wednesday, the tool, called Chainabuse, aims to allow cryptocurrency users to issue alerts and exchange about ongoing phishing activities such […]
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Meta submits applications for cryptocurrency and platform ‘Meta Pay’
Meta, formerly Facebook, has just filed five trademark applications in the United States for a new digital platform called Meta Pay. The trademark application was filed on May 13. Meta Pay is described as an online social networking service for investors. It enables financial transactions and exchanges of digital currencies, tokens and blockchain. In addition […]
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Binance launches VIP investor program
On Monday( May 16), Binance announced the release of the VIP Investors Program – Dual Investment aimed at bringing VIP advantages to eligible Dual Investment users. Users who meet the requirements of this program will automatically be upgraded to VIP Level. VIP upgrades Users who meet the following 30-day Dual Investment Plan requirements can enjoy […]
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Binance CEO supports Terra community
Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, recently questioned the idea of hard forking Blockchain Terra to revive the luna and UST ecosystems that were once so developed. At the same time, CZ also offered his views on appropriate actions for projects that are failing in the cryptocurrency community. “Doing so won’t work,” CZ […]
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Binance Labs invests in pStake
Binance Labs, Binance’s venture capital arm and enterprise incubator, has announced its latest investment strategy in pSTAKE Finance, a liquid staking protocol developed by Persistence, aimed at bringing more liquid staking to the BNB ecosystem. Proof-of-Stake (PoS) assets such as BNB can be wagered on pSTAKE to create staked representative tokens (stkASSETs) that can be […]
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Binance delists LUNA/USDT
In a post on Thursday, Binance said that it will take “precautionary measures” against LUNA/USDT permanent contracts. The company intends to remove the pair from the exchange if the price falls below $0.005 USDT. The announcement comes after Binance changed leverage and margin for lock contracts with LUNA on Wednesday, with maximum leverage at eight […]
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Binance temporarily suspends LUNA and UST withdrawal services
While the cryptocurrency community is still trying to decipher Terra’s failed price anchor in the TerraUSD stablecoin (UST), major cryptocurrency exchange Binance suspended withdrawal services for LUNA and UST on Tuesday. Recently, the market value of UST, Terra’s stablecoin, has fallen below $1, while LUNA’s price has also plummeted because of a major sell-off. At […]
