Binance has announced an update to the collateral ratios for several assets (PEPE, WIF, LISTA, IO, ZRO, ZK and NOT) under its Portfolio Margin program, set to take effect on June 28, 2024, at 06:00 (UTC). The changes are expected to be completed within approximately one hour, according to Binance.

The update to the collateral ratios will directly impact the Unified Maintenance Margin Ratio (uniMMR) for users. Binance advises users to closely monitor their uniMMR to avoid potential liquidation or losses resulting from the changes in collateral ratios. The update is part of Binance's ongoing efforts to optimize and maintain the security of its trading environment.

Users should be aware that discrepancies may exist in translated versions of the announcement. Binance recommends referring to the original English version for the most accurate and up-to-date information.

Changes in collateral ratios can have significant implications for users engaged in margin trading. Adjusting the collateral ratio affects the amount of collateral required to maintain open positions, thereby influencing the likelihood of margin calls and liquidations. Traders must stay vigilant and prepared for any adjustments to their accounts.

The announcement also includes a disclaimer highlighting the inherent risks associated with digital asset trading. Binance emphasizes that prices can be volatile, and users are responsible for their own investment decisions. The platform advises traders to make independent assessments of the risks and benefits before engaging in futures trading.

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Influencing PEPE, WIF, LISTA, IO, ZRO, ZK and NOT, Binance to Update Collateral Ratios for Multiple Assets Under ... - Blockchain News

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Disclaimer: Blockchain.news provides content for informational purposes only. In no event shall blockchain.news be responsible for any direct, indirect, incidental, or consequential damages arising from the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making financial decisions.

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Significant BTC Movement by Whale to Binance | Flash News Detail - Blockchain.News

Binances current legal turmoil with the Nigerian government has drawn the attention of the nations blockchain advocacy group, which has called for a balanced resolution.

The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) represents the nations blockchain sector. The group has raised concerns about the nations international reputation.

In their statement, BICCoN urged for a balanced approach while keeping in mind the nations duty to protect national interests, such as economic stability and regulatory adherence. The group vouched for a resolution that promotes trust and confidence in the process.

As such, it advocated for an approach that encourages collaboration with global partners and stakeholders.

The group warned that continued delays in resolving the matter could harm the nations blockchain industry.

The detention of Binance executive Tigran Gambaryan has begun to have ripple effects that threaten Nigerias ability to maintain and consolidate crucial collaborations with international partners.

Further, the recent events have also led to a chilling effect on investment. The group has flagged a noticeable decline in foreign investments, which is deemed detrimental to the countrys economic growth.

Moreover, BICCoN also stressed that the situation could lead to a withdrawal of support from international partners. This would leave the nations local regulators and law enforcement without the necessary tools and expertise to effectively regulate the industry.

Nigerian regulators stand to gain immensely from continued access to advanced tools and resources provided by international blockchain entities, the statement said.

As such, the group is concerned that it would hamper the ability of Nigerian authorities to combat financial crimes and ensure a secure environment for all stakeholders.

The statement also acknowledged Gambaryans expertise, claiming that his expertise would have served as an invaluable asset to aid Nigerian regulators in their enforcement efforts.

Instead, his detention undermines the potential for such collaborative efforts, BICCoN added.

BICCoN recommends constructive dialogue with Binance and other relevant stakeholders to work towards a mutually beneficial solution. On top of this, the group also stressed that all processes should be transparent, fair, and adhere to international best practices.

Ultimately, BICCoN concluded that the balanced approach could help resolve the recent issues fairly while also maintaining relations that would help Nigeria create a supportive environment for the nations blockchain sector.

Gambaryan and Binance regional manager Nadeem Anjarwalla were detained on Feb. 26. The duo had traveled to Nigeria to help Binances defense against tax evasion and money laundering charges.

Gambaryan was detained after two meetings with Nigerian authorities. Allegedly, the meetings started as professional but had turned hostile.

His continued detention has stirred political waters, with U.S. lawmakers and officials urging the U.S. presidents intervention.

Most recently, Arkansas Republican Rep. French Hill advocated for the release of Gambaryan during a FOX Business interview. Hill claimed the Binance executive was caught in a Nigerian political fight.

However, Nigerian regulators havent been too responsive despite the escalating situation. On Jun. 6, Nigerian Minister of Information Mohammed Idris defended Gambarayans trial despite several claims that he was being held in harsh conditions while suffering from malaria.

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Nigerian blockchain advocacy group warns of repercussions from Binance dispute - crypto.news

Leading crypto exchange Binance announces plans to delist a trading pair associated with dog-themed token Shiba Inu (SHIB).

According to a blog post today, Binance will remove the SHIB/TUSD trading pair effective on June 28 at 03:00 AM (UTC).

The decision aligns with the exchanges periodic reviews of all listed spot trading pairs to guarantee users protection. Following these reviews, the exchange usually delists trading pairs with low liquidity and volume. Consequently, it has decided to delist the SHIB/TUSD pair due to its low volume or liquidity.

Data from Binance shows that the SHIB/TUSD pair has a minimal 24-hour trading volume of $17,577, which equates to over 992 million SHIB tokens.

Binance noted that it plans to terminate spot trading bot services for SHIB/TUSD on June 28. Hence, users are advised to update or cancel their trading bot for SHIB/TUSD to avoid incurring potential losses.

It bears mentioning that this is not the first time Binance has removed a Shiba Inu trading pair. Last year, the top exchange removed the SHIB/BUSD margin pair, as part of plans to discontinue support for the BUSD stablecoin.

Despite the upcoming removal of SHIB/TUSD, Binance will continue to support eight other Shiba Inu trading pairs, such as SHIB/USDT, SHIB/FDUSD, SHIB/USDC, SHIB/EUR, SHIB/TRY, SHIB/BRL, SHIB/DOGE, and SHIB/JPY. This suggests that Binance users can still trade SHIB on the aforementioned pairs.

Besides SHIB/TUSD, Binance also revealed plans to delist other crypto spot trading pairs on June 28 at 03:00 AM (UTC). The affected pairs include BLUR/FDUSD, MEME/ETH, LINK/TUSD, OSMO/BTC, NFP/BNB, and METIS/FDUSD.

Meanwhile, the decision did not have a negative impact on SHIBs price action. At press time, SHIB was changing hands at $0.00001750, with a 24-hour increase of 0.63%. The token, which was plagued by the recent market downturn, currently boasts a trading volume of $355.51 million.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Binance to Remove This Shiba Inu Spot Trading Pair - The Crypto Basic

Its been a rollercoaster year so far for crypto coins. As the curtain draws on Q2 in the crypto market, we take a look at how the market has got on so far in the year, drawing pointers for Q3 price projections, particularly for three of the top trending altcoins, Binance Coin (BNB), Raboo ($RABT) and Fetch.ai (FET).

BNB and Fetch.ai are already household names in the crypto market; what do these old guards have for investors in Q3?

A new meme coin project, Raboo, is getting some high ratings from analysts. The coin is already delivering profits in its presale stages. But how much more profits can investors expect?

Answers shortly.

Binance would have wished for a better year devoid of legal battles. Most of the times Binance has made the crypto news so far this year, its been sanctions or one legal case in one country or another, particularly in the US and Nigeria. These sanctions have affected its native BNB token, especially given how this news negatively affected investor confidence.

While many forecasts and opinions projected a serious plunge for BNB price, the altcoin has managed to keep its head above bearish waters, just enough to remain one of the top altcoins in the crypto market. And one of the tricks that have helped Binance to stay afloat is its taste for new partnerships. Particularly, MoonGates integration of the Binance Coin giving BNB a huge boost.

While Binance Coin has demonstrated some serious issues, the BNB price has dipped down 20.76% from its ATH. In fact, per data from CoinMarketCap, BNBs current price of $571.39 reflects a 4.69% decline over the last month, and a 1.78% decline on a weekly chart. These are only fine margins, but at the moment, BNB doesnt look convincing going into Q3.

Its AI season, and Fetch.ai has grown into one of the leaders of the AI niche. FET has benefitted from the excitement around AI coins, and its only normal for investors to anticipate what has for them in the next quarter.

In recent crypto news, Fetch.ai has announced that its long-anticipated merger with OCEAN and AGIX tokens is set to fully materialize next month, where both coins will be delisted from exchange platforms and assimilated into the FET token.

Apparently, this is a positive way to launch into the new quarter, but it remains to be seen how that impacts the FET price on the charts. However, investors have to be cautious as FET price has been on a downtrend over the past few days. Fetch.ai has shed 7.4% in price value over the past week, dipping to $1.44.

As artificial intelligence continues to find its way into our everyday lives, the DeFi industry is experiencing an expansion in its AI niche. Fast Company reported earlier that AI tokens almost tripled their joint market cap between February and March this year. And that puts the viability of AI crypto coins like Raboos $RABT token in the right perspective.

The Raboo project is seeking to stand in the gap between AI and memes. Although investors are still drawn to meme coins for their profit potential, the decline in the entertainment of the DeFi industry is obvious. Meme coins no longer live up to their names or as well as one would expect.

With Raboo coming on board with its generative AI, too, Rabooscan, the project is on track to be the next biggest crypto project in the next quarter. When users get creative on Raboos Post-to-Earn feature, the Rabooscan AI will generate top-quality memes from those already posted rewarding users with free $RABT tokens.

Crypto investors will wish for more stability and positive price movements in the next quarter, and Raboo might be the answer to their prayers. The project is already a subject in debates about the most likely top altcoins in Q3.

Experts predictions point up to a 100x post-launch ROI, but you dont have to wait till then. $RABT tokens are valued at $0.0048 right now in Stage 4 of its public presale. Stage 1 investors are already at 60% profits, and you, too, can still make some of the 233% presale profits that are up for grabs.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

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Q3 Predictions: BNB, Raboo and Fetch.ai, Find Out What The Experts Are Saying - The Merkle News

Bitcoin (BTC) traders on the cryptocurrency exchange Binance have shown a bullish bias, with 75% of the 24-hour open positions being long. This hints at a positive sentiment from retail traders, but the volume remains neutral with a balanced long/short ratio.

Finbold retrieved data from CoinGlass on June 30, which shows the imbalance between unique account traders going long on Bitcoin. In particular, three in every four accounts opening derivatives positions have gone long, betting the price will increase from here.

This ratio refers to the last 24 hours for BTC/USDT perpetual contracts on Binance. Notably, this is, by a large margin, the most traded pair in the cryptocurrency market. Binance has over 50% of Bitcoins global volume, while the USDT makes over $1 trillion daily.

On the other hand, the overall trading volume for Bitcoin derivatives in all markets remains neutral and slightly bullish. 51.54% of the trading volume deployed to open positions in the last 24 hours is long BTC.

The divergence between the number of accounts and the USD volume suggests that longs are mostly held by retail traders. Usually, this class of investors acts through emotion, making decisions motivated by FOMO or FUD and becoming a target of whales that can move the market up and down, liquidating retail traders for profit.

As reported by Finbold, Bitcoin faces a challenging time amid sell-offs by the governments of Germany and the United States. Moreover, Mt. Gox has announced the repayment of over $8 billion in BTC, which has been awaited for over a decade.

In this context, Bitcoin miners started capitulating with record-low reserves and produced hashrate. Meanwhile, old-time supporters like Peter Thiel have lost conviction in the cryptocurrencys fundamental value proposition.

Nevertheless, the BTC price remains within a four-month range, testing support at $60,000, currently trading at $61,500. Crypto traders and investors still foresee a bright future for Bitcoin, with projections ranging from $80,000 to $500,000 despite the fundamental challenges.

BlackRock (NYSE: BLK) and other Bitcoin spot ETF issuers continue to push the maiden cryptocurrency among traditional finance investors, which is expected to generate mid-term demand. Wall Street has recently sold considerable amounts, but the ETFs still display monthly positive capital flows, indicating a bullish bias.

Nevertheless, everything can happen when trading volatile assets such as cryptocurrencies. Speculators must be cautious while getting too much exposure through leverage and understand the inherent risks within these operations.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk

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Three in every four Bitcoin traders are bullish on BTC - Finbold - Finance in Bold

Binance has tightened its grip on security to prevent account abuse, introducing new measures to enhance its platforms safety and integrity. According to its recent announcement, users must conform to these new measures to comply with Binances operational standards or face suspension.

Adopting such proactive measures reflects Binances commitment to promoting user safety and maintaining A-grade security procedures. Also, these measures come amid the rising security threats and scams in the crypto industry.

In a recent X post, Binance revealed cases where users exploited some account types to gain unfair advantages, including cheaper fee rates and higher API limits.

Notably, Binance offers users different types of accounts, including fund manager accounts, sub-accounts, and managed sub-accounts.

While these accounts have various legitimate business purposes, some users found loopholes to exploit. Binance states that some bad players abuse these features to bypass controls, even selling privileged account status.

Consequently, Binance has upgraded its monitoring framework to uncover potential misuse cases for all account types. The crypto exchange says it will thoroughly investigate all suspected incidents and take appropriate action.

Some punitive measures include account suspension or termination for users acting against Binances KYC/KYB policies and Terms of Use.

In adition, Binance introduced a reward program for users who report confirmed cases of account misuse. It also created a dedicated email address ([emailprotected]) where users can submit their reports.

Users can send their findings and complaints on accounts with suspicious activities and receive rewards for such verified reports on a case-by-case basis.

Meanwhile, Binance revealed a vital update after securing a Virtual Asser Service Provider (VASP) license in Dubai.

According to the update, Binance will migrate accounts for UAE residents from the Binance Global exchange to the Binance FZE exchange. This transition process will help users in the UAE to migrate their assets seamlessly.

However, to qualify for the transition, users must process their KYC verification through an email prompt on or before December 15, 2024. This transition also conforms to Binances strategy to comply with local regulations in the region.

Meanwhile, the Binance FZE exchange will offer lending and borrowing, broker-dealing, investment, and virtual asset management services.

The proposed transition process will not interfere with users account functions. So, users can still operate with their old accounts until the deadline. Moreover, users login details will remain unchanged after the transition to ensure a seamless process.

This process is part of Binances approach to complying with UAE regulations. Conforming with the Virtual Assets Regulatory Authority (VARA) framework will strengthen Binances presence in the region.

Binance launched a promotional campaign from June until October this year. Based on the campaign rules, all UAE residents who update their KYC before October 30 will be eligible for a grand prize of 1 BTC. However, terms and conditions apply.

Following regulatory loggerheads in some regions, Binance remains committed to updating its operations in compliance with local regulations for smooth business operations.

Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.

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Binance Tackles Account Misuse with Stringent Security Measures, Plans to Suspend Violators - The Tech Report

If you only had one chance to invest in your life, what would you do? A savvy investor would opt for stable investments with high return rates and long-term value. Crypto offers investors the chance to enjoy the best returns on investments. Investors have become wary as Polygon and Binance sink even before their boats sail. Now, the main question is, what should investors consider a wise investment in the top meme coin presale in 2024? MoonBag has won the hearts of investors. Employing a new approach, the coin adopts a brilliant tokenomics that assures a smooth transition to mainstream markets. Investors remain unaffected by Binance (BNB) and Polygons (MATIC) dip as MoonBag coin (MBAG) offers an outrageous ROI and an 88% APY on staking with MBAG. Moonbag takes the lead in the top meme coin presale in 2024 for many reasons: top-notch liquidity strategy, 88% APY on staking with MBAG, high-level security, and an outstanding ROI. Investors Decline Polygon as MATIC Takes a Giant Fall Even though perpetual swaps are live on Polygon, the coin declines, and investors are disappointed by the fact that all attempts have failed to revive MATIC, Polygons native coin. MATIC dropped by 11.28%, resulting in more withdrawals by investors. MoonBag coin has become a top option for Polygon investors, especially now that they can start Staking in MoonBag presale. Binance not Declines as Pressure from Competitions Increase; Why Investors are Opting for MoonBag Coin. By market cap, Binance is the fourth-largest coin in the industry. Such big coins are known to have a level of stability. Binance hit an ATH of $721.8, then spoiled that achievement by declining 15% in price. Binance approaches the resistance trend line, thus making investors hold back their investments. MoonBag has become a solid replacement for MoonBag, as experts believe it has the potential to be the next big thing. Future Price Predictions of $1 Elevate MoonBag as the Top Meme Coin Presale in 2024 Expert analysis predicts that MoonBag will potentially reach $1 this year. In just six stages of the MoonBag presale, over $2.5 million has been generated. Investors take advantage of the next digital gold and enjoy 88% APY with Moonbag staking rewards. For MoonBag crypto, it is all about the action. The 88% APY with Moonbag staking rewards is another key feature that has investors excited. MoonBag crypto sets a clear path for the top meme coin presale in 2024; all you have to do is follow that path to financial freedom. How to Buy MBAG? Join the best meme coin presales by buying your MBAG coins with these easy steps.

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MoonBag Crowned Top Meme Coin Presale in 2024 While Binance and Polygon Spiral Downitbot - Blockonomi

Top analysts in the crypto industry now believe the more mainstream cryptocurrencies from Bitcoin (BTC) to Avalanche (AVAX) are overhyped and no longer hold the profit potential they used to have. Conversely, a popular analyst advises altcoin investors to buy ETFSwap (ETFS), an Ethereum token that is smashing presale records in the crypto space.

Top analysts and big figures in the crypto market say they favor ETFSwap (ETFS) as the next altcoin to rally above 500x over Bitcoin (BTC) and most popular altcoin, including Ethereum (ETH), Fantom (FTM), Binance Coin (BNB), and Avalanche (AVAX).

ETFSwap (ETFS) revolutionizes the crypto market by integrating the best parts of DeFi with institutional-grade assets. Built on the highly secure and scalable backbone of the Ethereum blockchain, ETFSwap(ETFS) offers investors and traders access to tokenized institutional exchange-traded funds (ETFs).

On ETFSwap (ETFS), traders and investors of all calibers can trade and invest in a diverse range of tokenized assets, including bonds, equity, treasuries, commodity ETFs, and cryptocurrency ETFs. These assets, in turn, cover a wide range of industries, from agriculture to healthcare, energy, etc.

Users can swap their crypto with ETFs on ETFSwap (ETFS) or vice versa. With up to 10x leverage on all trades, they can buy or sell ETFs with optimal liquidity. Things get a step further with perpetual futures and options trading, as traders can access up to 50x leverage to flip their investments for heightened profits.

ETFSwaps native token, ETFS, is so steeped in platform-wide utility that analysts predict 500x gains above Bitcoin (BTC) and the popular altcoins, including Ethereum (ETH), Fantom (FTM), Avalanche (AVAX), and Binance Coin (BNB). Users can enjoy discounted trading fees and a monthly airdrop from a reward pool containing all transaction fees collected as sell tax. Staking ETFS also enables investors to earn passive income with an 87% APR yield.

This is the prime time for investors to amass ETFSwap (ETFS) at a discounted price of $0.01831 as the public sale is ongoing. The 20% bonus promo also positions users to amplify the returns on their investments.

Bitcoin (BTC) started 2024 with impressive momentum, surpassing its all-time high of $69,170, to eventually set a new peak of $73,750 on March 14. However, the tides quickly turned as Bitcoin (BTC) began a correction phase, which currently has it trading under the $70,000 mark and close to the crucial support level of $60,000.

Bitcoin (BTC) is trading at $61,482 at the time of press, a further drop of 4.13% over the past week. Bitcoin (BTC) is not suffering alone, however. The bearish conditions on the worlds biggest cryptocurrency have caused ripples throughout the market, and the biggest altcoins, from Ethereum to Fantom (FTM), are facing challenges of their own.

ETFSwap Presale, Buy Now

The biggest altcoin, Ethereum, has taken a hit amid the ongoing bearish market conditions. Ethereum saw a sucker rally following the SECs approval of Spot Ethereum ETFs but has since trended downwards with a 0.23% drop over the past week.

Fantoms (FTM) infrastructure has come under intense scrutiny following a $200 million loss to the Multichain Exploit in 2023 and another $500,000 loss to a hot wallet hack in late 2023. The development does not bolster confidence in the notoriously volatile altcoin.

Avalanche (AVAX) and Binance Coin (BNB) are both trading at lower prices than their level a week ago and reduced trading volumes. Binance Coin (BNB) is currently priced at $576.44, while Avalanche (AVAX) is at $25.5.

Bitcoin (BTC), Ethereum (ETH), Fantom (FTM), Binance Coin (BNB), and Avalanche (AVAX) have all failed to inspire confidence as the crypto market plunges. However, ETFSwap (ETFS) is smashing barriers to becoming the favored altcoin among analysts for maximizing profits. Investors can join the presale now to ensure they reap bountifully when ETFSwap (ETFS) takes off to the moon.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

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Bitcoin, Ethereum, Fantom, Binance Coin, And Avalanche Are Overhyped, Analyst Says Buy This Altcoin Instead - CoinCodex

The Bitcoin ecosystem has seen more whale transfers in the last couple of months, raising concerns amongst crypto enthusiasts. The German government recently dumped400 Bitcoins on Kraken and Coinbase.

Bitcoin (BTC) wallets are beginning to come out of dormancy amidst a significant drop in the value of the flagship cryptocurrency. Crypto analytics platform Lookonchain spotted activities from a Bitcoin miners wallet that have been silent for the last 14 years. This wallet was active in the Satoshi Nakamoto era, which was the early days of Bitcoin.

A few hours ago, the said wallet transferred 50 BTC to the leading cryptocurrency exchange Binance. Noteworthy, Bitcoin is currently trading at $60,761.85 with a 1.06% slump in value within the last 24 hours. By this market price, the transferred assets were worth approximately $3.03 million.

The wallet owner secured 50 Bitcoins from his mining activity on July 14, 2010. This was even before the first Bitcoin halving event ever held. The Bitcoin miner mined block 67,254 and the block details include a difficulty of 45.38682234 and a transaction volume of 1,085.85 BTC across four transactions.At the time, BTCs mining reward was around 50 units of the coin.

It is worth noting that the firstborn digital currency was barely worth a cent at the time. Precisely, its price at the time was pegged at $0.05 per coin, bringing the total worth of the 50 BTC to only $2.5. Comparing $2.5 to $3.03 million, it is obvious that the 14 years of dormancy was worth the wait after all. It could even be tagged one of the most lucrative Bitcoin HODLing endeavors in all of Bitcoins history.

The movement of the coins suggests a potential selloff akin to all dormant wallet addresses that suddenly come alive. These wallets and their probable selloff activities might impact the broader crypto market.

The Bitcoin ecosystem has seen more whale transfers in the last couple of months, raising concerns amongst crypto enthusiasts. The German government recently dumped400 Bitcoins on Kraken and Coinbase.

These transfers were confirmed by data from blockchain analysis platform Arkham Intelligence. The 400 BTC, which was worth $24.4 million based on the cryptocurrencys price on Tuesday. Noteworthy, this transfer came after a previous transfer of 6,500 BTC worth $425 million on June 19 and another 2,500 BTC, about $154 million from a wallet with the name, German government.

Whale Alert also spotted an unknown wallet that transferred 3,746 BTC, about $243 million, fromBinance, while another unknown addresstransferred1,646 BTC, approximately $107 million, fromOKXto an unknown wallet.

According to Arkham Intelligence, several whale addresses were reactivated and transferred a total of $2 billion on-chain. Five wallets alone consolidated 50,000 BTC into four distinct wallet addresses.

Last month, a Bitcoin whale wallet that had stayed inactive for nine years resumed activity. From holding 1,000 Bitcoin at a value of $468,643, the wallet was worth $30.39 million, representing a 6,301.46% increase within almost nine years.

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14-Years Old Dormant Bitcoin Wallet Transfers 50 BTC to Binance - Coinspeaker