Binance Futures launches Futures NEXT platform
Binance Futures has launched the Futures NEXT platform. Through a prediction-based mechanism, users can accurately predict which tokens will be listed on Binance Futures' USDⓈ-M market and receive rewards. Futures NEXT operates independently of Binance's listing process, focusing on rewarding accurate market predictions rather than influencing token listings. Although users can nominate and allocate Picks to tokens, Futures NEXT is not a voting platform. Therefore, the popularity of tokens on the platform cannot guarantee their listing. Binance maintains a strict and fair listing review process to ensure that all tokens, regardless of their performance or popularity on Futures NEXT, follow the same evaluation criteria.
Binance Launches "CRYPTO" Fragrance to Encourage Women's Investment in Digital Assets
Binance has launched a fragrance named "CRYPTO" in honor of International Women's Day to motivate more women to invest in digital assets. The scent is a combination of various fragrances, including ozone, salt, moss, oud, mandarin, precious woods, amber, woody notes, and musk. Although the campaign has been criticized for potentially stereotyping women, Binance's CMO Rachel Conlan claims that it is meant to be humorous and satirical, with the underlying goal of encouraging women to complete a beginner course on Binance Academy and earn $25 in USDT. The perfume is not available for purchase and can only be tested at pop-ups in a Dubai mall. Binance's new perfume's satirical nature raises questions about the company's intentions. Is it a genuine effort to encourage women to learn more about finance, or is it a condescending marketing strategy? While the idea of a crypto perfume may seem amusing, it does not address the larger issue of gender diversity in the tech industry. Despite this, Binance asserts that it is committed to improving the industry by attracting more women to the workforce and creating products that cater to both genders.
BNB briefly exceeded $430, hitting a new high since April 2022
The market shows BNB has briefly surpassed $430, currently priced at $429.2, with a daily increase of 2.63%, reaching a new high since April 2022. The market is volatile, please be cautious with risk management.
Binance announced that the Solana (SOL) network may temporarily suspend withdrawal services recently
Binance announced that due to the increase in transaction volume on the Solana (SOL) network, withdrawals for Solana (SOL) network may be suspended for maintenance starting from March 4th, 2024 (UTC+8). Binance has completed its investigation and is seeking a long-term stable solution. The solution is expected to be implemented on March 10th, 2024 at 02:00 (UTC+8).
Binance to stop all Nigerian Naira (NGN) services
According to an official announcement, Binance will stop all Nigerian Naira (NGN) services. From 08:00 (UTC) on March 8th, 2024, the remaining NGN balance in users' Binance accounts will be automatically converted to USDT at the following exchange rate. Deposit, withdrawal and exchange: · After 14:00 (UTC) on March 5th, 2024, Binance will no longer support NGN deposits. · After 06:00 (UTC) on March 8th, 2024, NGN withdrawals will no longer be supported. · After 08:00 (UTC) on March 8th, 2024, Binance will represent users to convert the remaining NGN balance in their spot wallet and fund wallet to USDT at a rate of 1USDT = 1,515.13NGN.
Binance is about to list Dogwifhat (WIF) and add a seed tag to it
Binance will temporarily suspend the trading of Dogwifhat (WIF) on March 5, 2024 at 22:00 (GMT+8). The following trading pairs will be available: WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. The WIF deposit channel is now open. WIF withdrawals are expected to be available on March 6, 2024 at 22:00 (GMT+8).
Nigeria parliamentary committee summons Binance CEO Richard Ten
According to the Chairman of the Nigerian House of Representatives Financial Crimes Committee, Ginger Onwusibe, the committee has summoned Binance CEO Richard Teng to appear in court on or before March 4 to investigate allegations of money laundering and financing terrorism. If Richard Teng fails to appear, appropriate measures will be taken. <br>
In February, Binance occupied more than 3/4 of the spot trading market share, while Coinbase dropped to 10.9%
According to data from The Block Pro, the spot trading volume of compliant centralized exchanges (CEX) continued to rise in February, with an increase of about 6.4%, reaching 668.5 billion US dollars. In terms of market share in the spot market of major cryptocurrency exchanges, Binance's market share in February was 75.7% (an increase from January), Coinbase was 10.9%, Kraken was 4.4%, and LMAX Digital was 2.1%.
Nigeria’s presidential adviser denies asking Binance to pay $10 billion fine
A Binance executive stated that they have not heard of the Nigerian government's demand for a $10 billion fine and have no intention of paying the fine to restore services that were suspended or to release two Binance executives. Meanwhile, Bayo Onanuga, an adviser to the Nigerian president, stated that his statement to the BBC was distorted by the media and that he did not say he had informed Binance regulators of the decision to impose a fine. Yesterday, the Nigerian government demanded that Binance pay at least $1 billion in compensation, which was made in the context of Nigeria's crackdown on cryptocurrency exchanges and the devaluation of its currency. Nigeria accuses Binance of profiting from "illegal transactions" in the country. Currently, Binance is under investigation in Nigeria, and earlier this week, Binance executives were detained by Nigerian authorities.
A newly created address withdrew $7.38 million worth of ARKM from Binance in the past hour.
According to Lookonchain monitoring, in the past hour, a newly created address withdrew 7.38 million US dollars worth of ARKM from Binance.
