Binance Completes Airdrop to Terra Classic (LUNC) and USTC Holders, Price Jumps
The world’s largest crypto exchange Binance completes the second round of Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders on Thursday. The airdrop is related to the separation of the Terra Classic network under the “Terra Ecosystem Revival Plan 2” by Do Kwon, with the first airdrop already completed in May.
Binance Addresses Heavy Withdrawals Amid Ongoing FUD
Since USDC does not exist on the Binance platform and other stable currency trading pairs, Binance announced on September 5, 2022, that the user’s USDC, USDP, and TUSD stablecoin balance and new recharges will automatically convert to BUSD at a ratio of 1:1. Users can also withdraw assets denominated in BUSD at any time at a ratio of 1:1 to USDC, USDP, and TUSD. Therefore, the platform must first convert BUSD to USDC when there is a large-scale USDC withdrawal.
Binance Launches Blockchain Education Program in Kazakhstan
Cryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry. Under an agreement with the government, the blockchain course will be added to the curricula of higher education institutions across the country.
Alleged Terra Rebels Scam May Stop Binance LUNC Burns
LUNC DAO accuses the Terra Rebels of scamming the Terra Classic community and jeopardizing Binance support.
Binance Joins US Crypto Lobbying Group Chamber of Digital Commerce
Binance will work closely with the Chamber of Digital Commerce to bring forth solutions for the industry.
Boris Johnson’s Brother Leaves His Role As Binance Advisor, Details Inside
Jo Johnson, the brother of former United Kingdom Prime Minister Boris Johnson, stepped down from his role at Binance’s UK advisory board.
Binance Becomes Final Destination of Voyager With Potential $1.2B Acquisition
The deal between Binance and Voyager to purchase the latter’s assets, which was valued at over $1 billion, was disclosed in a press release on 19 December. The cryptocurrency portfolio of Voyager, with a market worth of over $1.002 billion at the time of the transaction, will be acquired by Binance US, the U.S. division of Binance Global, with $20 million in added value.
Nansen Analyst: On-Chain Data Shows Binance’s Financials Are a ‘Black Box’
Binance, the top cryptocurrency exchange by trading volume, may be “tremendously well capitalized,” but that its financials are still “very much a black box,” said an analyst at data insights company Nansen.
Binance Joins Chamber of Digital Commerce, Gains Foothold in US Political System
Binance became a member of the U.S. Chamber of Digital Commerce (CoC) on Dec. 20, according to a company statement.
Coinbase, Binance Enjoy Market Share Gains After FTX Demise
Coinbase and Binance have seen a bump in market share following FTX's collapse.
