latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

‘Big’ Update Coming to Binance, Maintenance Impending

‘Big’ Update Coming to Binance, Maintenance Impending
Binance, the world’s largest cryptocurrency exchange by traded volumes, will be entering into scheduled maintenance starting March 12 at 2 AM UTC.  Without revealing too much information, its CEO said that there’s a “big” update coming. 

‘Funds are #SAFU’
According to a system upgrade notice published on Binance’s official website, the world’s leading cryptocurrency exchange is set to undergo scheduled maintenance on March 12 at 2 AM UTC. Throughout the time of the maintenance, all deposits, withdrawals, as well as trading on the platform will be suspended. Additionally, the notice reassures that deposits which haven’t been completed before the start of the maintenance will be processed as soon as it’s done.
The entire upgrade is supposedly going to last about eight hours but Binance has warned that this estimate “may vary.”
Without revealing too much on the matter, the CEO of the cryptocurrency exchange, Changpeng Zhao, tweeted that the scheduled upgrade is a “big” one — while reassuring users that their funds are “SAFU.”

Big upgrade. Funds are #SAFU .
— CZ Binance (@cz_binance) March 11, 2019

The abbreviation SAFU refers to Binance’s Secure Asset Fund for Users. As Bitcoinist reported , the dedicated fund will store 10 percent of all trading fees in order to cover losses in extreme situations.
Talk About Timing
The cryptocurrency exchange’s system upgrade comes just a couple of days after its CEO hinted that Binance may launch a new fiat-to-crypto exchange in Argentina. His post came after the country’s Government said it will match investments made by Binance Labs in local blockchain technology startups 1:1.
Meanwhile, Binance’s own cryptocurrency, Binance Coin (BNB) managed to hold its gains of the past week. Despite the news of the maintenance and the potential worries that events of the kind might bring for users, the cryptocurrency’s price failed to react, signaling stability.
What do you think of Binance’s upcoming update? Don’t hesitate to let us know in the comments below! 

Images courtesy of Twitter.
The post ‘Big’ Update Coming to Binance, Maintenance Impending appeared first on . shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

Buy Bitcoin online in ANY country, supporting 80+ Payment methods!