Binance, the world’s largest cryptocurrency exchange by trading volume, has made a new announcement for various altcoins. According to the announcements, the exchange will support various changes in altcoin ecosystems. Here are the details…
Binance supports BEAM and BEP2 upgrades
The BNB Beacon Chain (BEP2) network upgrade and hard fork will occur at the BNB Beacon Chain block height of 264.000.000. This corresponds to approximately September 2, 2022, 9 pm. Deposits and withdrawals on the BNB Beacon Chain (BEP2) will be suspended approximately the same day. Operations will be suspended at 8 pm. On the other hand, Beam (BEAM) network upgrade and hard fork will occur at 1,920,000 Beam mainnet block height. This roughly coincides with September 2 at 12 CEST. Deposits and withdrawals for BEAM will be suspended on the same day at 11 pm.
Trading of tokens available on the BNB Beacon Chain (BEP2) and BEAM network will not be affected during network upgrades and hard forks. The exchange announced that it will meet all relevant technical requirements for all users. BNB Beacon Chain (BEP2) and Beam (BEAM) network upgrades and hard forks will not result in the creation of new tokens.
Exchange will support Vite (VITE) network update
The VITE (VITE) network upgrade will occur at the Vite mainnet block height of 101,320,000. So, approximately September 1, it coincides with 11 pm. VITE deposits and withdrawals are suspended today at 10 pm. VITE trading will not be affected during the network upgrade. The VITE (VITE) network upgrade will occur at the Vite mainnet block height of 101,320,000. But this estimated time is for users’ reference only. As with other updates, the exchange will take care of all relevant technical requirements for all users holding VITE. Once the VITE network is determined to be stable, operations will resume.
Binance completes 13th round of APENFT (NFT) airdrop distribution
Exchange; TRON (TRX) has completed the 13th round of the APENFT (NFT) airdrop to owners of BitTorrent OLD (BTTOLD), BitTorrent (BTTC), JUST (JST) and WINkLink (WIN). Users can confirm receipt of these tokens on the Distribution page under Transaction History. Screenshots for round 13 were taken on June 10, 2022. To qualify for the NFT airdrop, at the time of the screenshot, each user had to have the following minimum of tokens:
- 100 TRX or
- 2,000 BTTOLD or
- 2,000,000 BTC or
- 100 JST or
- 15,000 WIN.
#Binance has completed the 13th round of @apenftorg $NFT airdrop distribution to $TRX, $BTTOLD, $BTTC, $JST, and $WIN holders.https://t.co/zvxt4eD99x
— Binance (@binance) August 31, 2022
Exchange partnered with SafePal
Binance Connect, a leading global payment infrastructure provider powered by Binance, has announced a new partnership with SafePal, a cryptocurrency wallet that provides hardware wallet, software wallet and extension wallet product lines, all paired and managed through the SafePal App. SafePal, Binance’s first portfolio of hardware wallets, currently serves over six million users worldwide. Users on SafePal will be able to directly purchase more than 200 cryptocurrencies with Binance Connect using their credit/debit cards.
#Binance Connect partners with SafePal.
Find out more ➡️ https://t.co/06ZRivb2qv pic.twitter.com/qneyCBn5yi
— Binance (@binance) September 1, 2022
Binance.US supports Cardano (ADA) staking
Binance.US, a San Francisco-based subsidiary of crypto giant Binance, has added support for Cardano (ADA) staking, according to a recent announcement. The trading platform offers an annual return of 6.4% on the ADA token. CEO Brian Shroder commented, “Another week, another staking offer.” The exchange launched support for high-yield staking in early June to compete with Coinbase. cryptocoin.comAs we reported, staking initially included Avalanche (AVAX), Solana (SOL), Cosmos (ATOM) and some other cryptocurrencies.
https://twitter.com/BinanceUS/status/165036220203159555
Binance Loans system update will take place
Finally, Binance will carry out a planned system update for Binance Loans (loan platform) on September 2 at 7 pm. The update is expected to take about an hour. Among the services affected are categories such as borrowing funds, repayment of loans, adjustment of loan-to-value (LTV) ratios.
