Binance

Binance has cut off employee benefits since June 19, WSJ reported on July 17. The exchange said it is making changes because its profits have gone down. However, employees would no longer get fitness reimbursement, mobile phone reimbursement, and other bonuses. The crypto firm said current market conditions are not favorable for it. However, it […]

Binance announced the successful integration of Bitcoin over the Lightning Network (LN). Binance customers can now deposit Bitcoin into their accounts and withdraw it using the scaling technology. The Lightning Network of Bitcoin allows for faster, cheaper, and highly scalable transactions. This enables users to establish non-blockchain transaction routes. People can use the integration to […]

The Indonesian government is planning to launch a national crypto exchange. According to local news agency Tempo, Indonesia’s Futures and Commodity Trading Regulatory Agency (Bappebti) intend to introduce this trading platform before the end of July 2023. Didid Noordiatmoko, Bappebti’s head, stressed that once the exchange is active, all crypto transactions in the country will […]

The Binance-operated BNB Beacon Chain mainnet is preparing for an upcoming hard fork incorporating a unique “panic” mechanism feature. This new addition will enable the blockchain to halt the production of new blocks under specific conditions. It ensures enhanced security and protects users’ assets. The BNB Chain team recently announced that the “ZhangHeng” upgrade is scheduled to […]

Dubai’s Virtual Assets Regulatory Authority (VARA) sent a market alert on July 10. The notice states crypto exchange BitOasis did not fulfil the mandate conditions in the timeframe set out by VARA. However, the regulator has taken enforcement action against the exchange. It suspended the exchange’s MVP license.  Meanwhile, VARA has not disclosed those requirements. […]