Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________…Read More: ECB on Crypto, African Bitcoin Hub, Coinbase in Fortune 500, Binance in Dubai + More News…
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Addressing the historic fall of the Terra (LUNA) ecosystem, major crypto exchange Binance CEO Changpeng Zhao (CZ) said that he is “pleased by the resilience the crypto industry has shown.” However, he also shared some lessons that the industry should learn from the Terra fallout. More precisely, in a recent blog post, CZ said there are “many lessons” to be learned from the Terra crash in terms of design flaws….
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Popular Ethereum scaling solution Optimism is now supported on the industry’s largest cryptocurrency exchange, Binance….
Continue reading on https://decrypt.co/100952/binance-adds-support-layer-2-ethereum-scaling-solution-optimism
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The potential scam was discovered on Binance Smart Chain….
Continue reading on https://decrypt.co/100758/peckshield-sounds-alarm-on-honeypot-posing-as-terra-fork
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Russian users – even some not located in the aggressor state of Russia – are complaining that they are having problems using the crypto exchange Binance. The Telegram-based Russian financial news channel Banksta reported that the Binance exchange had “decided to punish Russians, regardless of their country of residence.” It wrote: “If [you are] Russian, then […] transfers to international banks are impossible.
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At its peak, Binance’s holdings were worth $1.6 billion. Today, that same investment is worth just $2,461 following Terra’s collapse….
Continue reading on https://decrypt.co/100530/binance-ceo-says-exchange-never-sold-15-4m-luna
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Big players in the crypto industry do not seem supportive of the latest Do Kwon’s proposal of how to help the collapsed Terra (LUNA) ecosystem. Last Friday, Terraform Labs co-founder Do Kwon put forward a ‘revival plan’ suggesting that the network hard fork and reset ownership to 1 billion tokens. A the time of writing, LUNA has a circulating supply of more than 6.
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The Ethereum founder and Binance CEO separately took to Twitter this weekend to critique Terra—and the very premise of the UST token itself….
Continue reading on https://decrypt.co/100461/vitalik-and-cz-have-some-thoughts-on-terras-demise
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Play-to-earn (P2E) games are gaining popularity as they enable gamers across the globe to earn crypto for playing games online. Read on to discover the most popular play-to-earn games on BNB Smart Chain. BNB Smart Chain, formerly known as Binance Smart Chain (BSC), is an Ethereum Virtual Machine (EVM)-compatible blockchain network created by major crypto exchange Binance to run smart contract-powered applications….
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The Terra (LUNA) blockchain has once again been restarted by network validators, after being halted earlier on Friday for the second time since the collapse of terraUSD (UST) and the network’s native LUNA token. At the same time, Binance said it has resumed trading in LUNA and UST. (Updated at 15:41 UTC with details about Binance resuming trading and Terra network restarting.
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