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ALL From Binance

Poolz Has Made a Strategic $2.5M Investment in Gifto

Poolz, a decentralised cross-chain IDO platform built on top of Web 3.0 infrastructure, announced a strategic partnership with Gifto, the first-ever virtual gifting protocol, on January 22nd. As part of this collaboration, Poolz Ventures, the capital firm of Poolz, is investing $2.5M in GTO to support Gifto’s new roadmap for 2023.

Binance Says Signature Bank No Longer Supports Crypto Exchange Transactions of Under US$100,000

Signature Bank will not handle transactions of less than US$100,000 for crypto exchange customers starting in February, according to a statement from the world’s largest cryptocurrency exchange Binance.

Binance’s SWIFT Banking Partner Set to Ban USD Transfers Below $100K

Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers.

Genesis Joins List of Bankrupt Crypto Companies; CoinDesk Explores Full or Partial Sale | Cointime Weekly Jan.15 – Jan.21

Coinbase exits Japan citing “market conditions”; the FTX drama continues; Binance is now fully compliant in Poland; Hong-Kong investment fund raises $500M.
Genesis Joins List of Bankrupt Crypto Companies; CoinDesk Explores Full or Partial Sale | Cointime Weekly Jan.15 – Jan.21

Binance-Backed Chinese News Outlet Marsbit Has Sights on CoinDesk

Wang Feng, founder of Chinese crypto news outlet Marsbit, said Marsbit is willing to work with other companies to buy crypto news outlet CoinDesk.

$200M of Spot BTC Re-Enters Exchanges on Binance As Genesis News Filters Through

$200M of Bitcoin (BTC) went back onto Binance, Jan. 20 — a similar amount to Jan. 13, which took us over $21k. The transfer is primarily institutional, as it is more than $10M.

Miners Sending Thousands of Bitcoin to Binance

Bitcoin (BTC) miners have begun sending their assets to exchanges in a recently-introduced campaign, with up to 5,592 BTC transferred from 1THash, a Chinese mining pool, to Binance since January 17. This trend began when BTC was still holding strong above $21K and persisted despite the crash from the price territory.

Binance Can Continue LUNC Burns if This Proposal Passes

Proposal 11310 to upgrade to v1.0.5 needs to pass the governance vote before Binance can continue Terra Luna Classic (LUNC) burns. This is according to Classy, a Terra Classic influencer and validator. The influencer made this known in a YouTube video yesterday. Recall that Binance decided to suspend its voluntary burn of fees obtained from LUNC trading activity, as reported by The Crypto Basic last month. The crypto exchange made this decision in response to token re-mints from LUNC burns, disclosing that it will only continue LUNC burns after the community guarantees that its voluntary burns will not be re-minted and exempts its burn wallet from the 0.2% on-chain tax. (thecryptobasic)

Binance Tightens Rules on NFT Listings

According to a Jan. 19 announcement by Binance, the cryptocurrency exchange has tightened its rules for nonfungible tokens, or NFT, listings. Starting Feb. 02, 2023, all NFTs listed on Binance before Oct. 2, 2022, and have an average daily trading volume lower than $1,000 between Nov. 1, 2022, and Jan. 31, 2023, will be delisted. In addition, after Jan. 21, 2023, NFT artists can only mint up to five digital collectibles per day. 

Binance Coin Sustains Momentum As Controversy Rocks Exchange’s Recent Listing

Binance, the exchange backing Binance Coin [BNB] is notorious for listing a lot of emerging cryptocurrencies, and its 18 January addition of Rocket Pool [RPL] aligned with the known behavior. However, the world’s largest exchange listing of the decentralized Ethereum [ETH] staking pool token was not without fuss.