Binance

Binance to end support for USDC, two other stablecoins in favor of its own BUSD

Binance to end support for USDC, two other stablecoins in favor of its own BUSD

Binance is moving to prioritize its own stablecoin, BUSD, over several others on its cryptocurrency exchange. The company announced Monday a “BUSD Auto-Conversion” that will start on Sept. 29 to “enhance liquidity and capital-efficiency for users.”  Binance is introducing the conversion for users’ existing balances and new deposits of USDC, USDP and TUSD …

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El volumen de Binance se dispara tras la eliminación de comisiones para comerciar cripto

El volumen de Binance se dispara tras la eliminación de comisiones para comerciar cripto

La política que abarca 13 pares de criptomonedas en todo el mundo para los usuarios de Binance, el exchange más grande por nivel de volumen, se hizo efectiva el viernes a las 14:00 UTC (10 a.m. ET). La medida causó un explosivo aumento en el trading del exchange, con los volúmenes spot de bitcoin/ether subiendo …

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Binance Labs Invests in DEX PancakeSwap; CAKE Jumps Nearly 10%

Binance Labs Invests in DEX PancakeSwap; CAKE Jumps Nearly 10%

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Binance CEO Changpeng Zhao disappointed with how Terra handled UST's collapse

Binance CEO Changpeng Zhao disappointed with how Terra handled UST’s collapse

advertisement Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA). “I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover …

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Binance suspends LUNA and UST withdrawals amid market turbulence

Binance suspends LUNA and UST withdrawals amid market turbulence

advertisement Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar. Binance announced the temporary suspensions in a blog post earlier this morning, blaming “a high volume of pending withdrawal transactions” caused by network congestion. “Binance will reopen withdrawals for these …

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Binance Coin [BNB] to cross the $420 mark? Dominant whales have the answer

Binance Coin [BNB] to cross the $420 mark? Dominant whales have the answer

Binance coin returned to the annual low of 2022 during the retracement phase, following a minor bullish rise in March. However, at the beginning of November, Binance Coin attempted twice to achieve an all-time high ($690.93), but the bulls failed. Nonetheless, traders are showing signs of confidence amid a weak crypto market. Short-term rally soon? …

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Binance Coin: Amid weak sentiments, how BNB is managing to stay optimistic

Binance Coin: Amid weak sentiments, how BNB is managing to stay optimistic

The overall cryptocurrency market underwent a massive price correction phase as the market stood at the $1.81T mark. According to CoinMarketCap, the market suffered a 4.2% setback, and Bitcoin and Ethereum alone fell by around 5% and 4%, respectively. But, one coin showcased some vitals despite the overall decline following a bullish adoption development. Showing …

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Binance is eyeing the potential acquisition of a Brazilian securities brokerage

Binance approved in principle by Abu Dhabi as digital asset broker-dealer

advertisement Binance received in-principle approval from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer in digital assets, Bloomberg reported on Sunday. The world’s biggest cryptocurrency exchange by trading volume must now complete the application process, according to Richard Teng, Binance’s head for the Middle East and North Africa and a former ADGM executive. …

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