The collapse of the Terra ecosystem has left many investors down huge sums of money. LUNA, which at one point traded as high as $119, is now worth just one-hundredth of a penny. Retail investors were far from being the only ones affected by the downfall of the once second largest DeFi ecosystem and the third largest stablecoin.
Binance, the world’s largest cryptocurrency trading platform, committed $500 million to help Elon Musk take social media giant Twitter private, according to the new SEC filings. The CEO of Binance, Changpeng “CZ” Zhao, stated in a Tweet on Thursday that the sizeable investment is a “small contribution to the cause.”
What is the DCA trading strategy and how Binance’s Recurring Buy can help you execute it when buying crypto.
On Wednesday, the publicly traded cryptocurrency exchange Coinbase listed Binance USD (BUSD), a stablecoin project of its exchange competitor Binance. BUSD joins Coinbase’s rich offering of stablecoins that already includes Tether, USD Coin, TerraUSD, Dai, Paxos Standard, Rai Reflex Index, and mStable USD. Coinbase clarified in a Twitter post that it is adding support for ETH-based BUSD and that sending the asset on other platforms might result in a loss of funds.
Leading cryptocurrency exchange Binance has announced Project Galaxy (GAL) as the newest addition to the Launchpool platform. Binance users will have the opportunity to use their Binance USD (BUSD), Binance Coin (BNB), and PancakeSwap (CAKE) holdings to earn staking rewards in the form of Project Galaxy’s native GAL tokens.
Learn how to earn Project Galaxy’s GAL tokens by staking BNB, BUSD, and CAKE on Binance Launhcpool in our step-by-step guide.
Binance NFT markeplace is running a special Mistery Box promotion designed for collectibles investors that love a good surpise. Learn what is a Mistery Box and how it works in our guide.
Binance Margin’s interest rate reduction promotion gives users the ability to borrow BTC, ETH, BUSD and USDT at an up to 80% discount.
On Thursday, Binance announced that accounts belonging to Russian nationals living in the country or overseas will be subject to new restrictions. According to the company’s announcement, accounts that have digital assets in excess of 10,000 EUR ($10,900) will no longer be allowed to use deposit or trading functionality going forward. This means that affected accounts will only be able to request withdrawals.