Binance delists 24 spot trading pairs
Binance removed and ceased trading on the following spot trading pairs:
6:00 Oct 13, 2023: BEL/BUSD, C98/BUSD, CTXC/BUSD, DAR/BUSD, DOT/GBP, ENS/BUSD, FIS/BUSD, FLUX/BUSD, ICX/BUSD, KDA/BUSD, LAZIO/BUSD, NEO/BUSD
7:00 Oct 13, 2023: OCEAN/BUSD, ONT/BUSD, PERP/BUSD, RSR/BNB, SFP/BUSD, STG/BUSD, SUPER/BUSD, TLM/BUSD, VIB/BUSD, WAVES/EUR , YFI/EUR, ZIL/BUSD
Binance lists Neutron (NTRN)
Binance listed Neutron (NTRN) and opened trading for these spot trading pairs at 13:00 Oct 10, 2023 (UCT). New spot trading pairs are: NTRN/BTC, NTRN/USDT, NTRN/BNB.
Binance also listed Neutron on Binance Launchpool.
Neutron launchpool details:
Token Name: Neutron (NTRN)
Total and Maximum Token Supply: 1,000,000,000 NTRN
Launchpool Token Rewards: 20,000,000 NTRN (2.00% of total token supply)
Initial Circulating Supply: 217,112,292 NTRN (21.71% of total token supply)
Explorer: https://www.mintscan.io/neutron
Staking Terms: KYC required
Hourly Hard Cap per User:
- 3,333.33 NTRN in BNB pool
- 416.67 NTRN in TUSD pool
- 416.67 NTRN in FDUSD pool
Supported Pools:
- Stake BNB (webpage will be available in around 4 hours): 16,000,000 NTRN in rewards (80%)
- Stake TUSD (webpage will be available in around 4 hours): 2,000,000 NTRN in rewards (10%)
- Stake FDUSD (webpage will be available in around 4 hours): 2,000,000 NTRN in rewards (10%)
- Farming Period: 2023-10-11 00:00 (UTC) to 2023-10-30 23:59 (UTC).
This crypto exchange targeted by hackers more than 159K times in first half of 2023
Korea’s largest crypto exchange – Upbit – has suffered 159,061 attacks targeting the platform only in the first half of 2023. The figure was reported by Dunamu, the firm that owns and operates Upbit, when they sent a report to Park Seong-jung, representative of the Korean People Power Party. It marks an increase of 117% compared to the first half of 2022 (73,249 cases) and 1,800% compared to the first half of 2020 (8,356 cases).
Sam Bankman-Fried could be trying to keep Bitcoin under $20,000
Former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried revealed that Sam Bankman-Fried conspired to manipulate Bitcoin prices by deliberately selling BTC if it surpassed the $20,000 mark. He instructed the hedge fund to dump BTC acquired from FTX customer funds to stabilize prices.
Ellison said the hedge fund, Alameda Research, took about $10 billion in FTX customer funds to repay its debts and make investments. When customers rushed to withdraw funds in November 2022, neither FTX nor Alameda had enough reserves, leading to FTX’s collapse. SBF also told her to use Alameda funds to prop up the price of FTT, FTX’ native token.
Binance faces difficulties in UK
Rebuildingsociety, a firm duly recognized and regulated by the UK’s Financial Conduct Authority (FCA), has been subjected to restrictions. The FCA has mandated Rebuildingsociety “not to approve the content of any financial promotion for a qualifying crypto asset for communication by an unauthorized person.”
Binance CEO at risk of Brazil indictment
A Brazilian congressional committee has recommended the indictment of four of the company’s senior leaders, including its founder and CEO Changpeng Zhao after conducting a probe into crypto-related ponzi schemes in Brazil.
On October 10, the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and offering securities trading without approval.
In the report, the committee – led by Deputy Ricardo Silva – claimed that Binance, Zhao and others “set up an opaque network of legal entities, all controlled directly or indirectly by Zhao, without defined business purpose and with no other purpose than evading compliance with the law.”
UK Parliament warns against NFTs and fan tokens
On October 11, MPs and Culture, Media and Sport Committee members issued a press release asking the British Government to take action to protect creators from copyright infringement related to NFTs and potential problems from sports organizations issuing digital assets, also known as Fan Tokens.
British Members of Parliament (MPs) have warned sports clubs to stop issuing crypto fan tokens, in fear of significant reputational harm. Because creating NFT collections is much simpler than the complicated process artists often have to follow to protect their rights, thereby facilitating the infringement of intellectual property rights.
Galxe announces a plan to compensate for damages from the hack
After suffering a major attack last week, the web3 credentials and rewards platform Galxe has taken steps to reassure its community by announcing a refund of just over $396,000 to over 980 impacted users.
On October 6, 2023, Galxe suffered an attack through the front-end. The attack caused losses to many users as hackers exploited DNS hijacking, redirecting visitors to Galxe’s official website to a malicious phishing site. This incident compromised user funds, prompting Galxe to swiftly devise a comprehensive recovery plan.
Blur announces airdrop season 2
Blur, the innovative NFT marketplace aggregator, has announced its plans to conduct a Season 2 Airdrop scheduled for November 20th.
Blur will distribute a total of 300 million BLUR tokens in this airdrop, which is equivalent to 10% of the total token supply, with an approximate value of $49.2 million based on current market rates.
OKX delists the following 9 spot trading pairs
OKX plans to delist KOL/USDT, GM/USDT, SRM/USDT, SRM/USDC, UMEE/USDT, VALUE/USDT, MITH/USDT, JFI/USDT, and SOS/USDT at between 8:00 and 8:30 AM UTC on October 16, 2023. It also suspended token deposits for KOL, GM, SRM, UMEE, VALUE, MITH, JFI, and SOS as of 8:00 AM UTC on October 5, 2023.
Token withdrawals for KOL, GM, SRM, UMEE, VALUE, MITH, JFI, and SOS will undergo a temporary suspension starting at 8:00 a.m. UTC on December 16, 2023.
OpenAI CEO praises Bitcoin
In an interview with Joe Rogan on October 6, OpenAI CEO shared his thoughts on Bitcoin as a world reserve currency and concerns about central bank digital currencies (CBDC). He called it a “super logical” step up the tech tree. Altman emphasized the importance of a global currency that works independently of government control, highlighting its potential to combat corruption.
STRAX replaced by the new STRAT token
Stratis (STRAT) will be swapping to a new token, in which STRAX holders will convert their tokens to the new STRAT token at a ratio of 1:10, meaning for every 1 STRAX token, there will be 10 new STRAT tokens released. This will bring the total supply of STRAT to nearly 1.53 billion.