Binance, the world’s largest cryptocurrency exchange with daily trading volume, made an announcement about some altcoins. After the announcement, the price of a cryptocurrency jumped. Here are the details…
Binance provides support for DASH and IOST updates
Binance has announced that it will support the network upgrade and hard fork process on two altcoin projects. The Dash (DASH) network upgrade and hard fork will occur at block height of 1,737,792 Dash, or approximately at 23 CEST today. Deposits and withdrawals for DASH will be suspended at Dash block height of 1,737,768 or approximately today at 22 CEST. On the other hand, IOST (IOST) network upgrade and hard fork will take place at IOST block height of 220,000,000, or approximately September 18 at 7 CET.
Deposits and withdrawals for IOST will be suspended at block height of 219.992,800 IOST, or approximately 6 Sept. Trading of tokens available on the Dash (DASH) network and the IOST (IOST) network will not be affected during network upgrades and hard forks. It is worth noting that the date/time of the upgrade in Dash (DASH) and IOST networks is an estimate.
Binance has announced that it will meet all relevant technical requirements for all users. In these Dash (DASH) and IOST (IOST) network upgrades, no new tokens will be spawned. Once the exchange is satisfied that the networks are stable, deposits and withdrawals will resume.
New coin to Binance’s futures platform
On the other hand, the exchange announced that it will launch USDT margin futures for Ambrosus (AMB) tomorrow, September 14, on its futures-focused Futures platform. Ambrosus is a Blockchain-based ecosystem. After the announcement, the value of the ECB rose by 40.77 percent. It rose from $0.028 to $0.047.
Staking campaign for WOO begins
Apart from that, Binance Staking has launched WOO Unlocked Staking. You can stake your WOO between September 13-23 to earn multiple rewards. The exchange reports that the annual rate of return (APR) for this staking campaign is 49.8 percent. While the rewards are paid out daily, the reward calculation status extends from the first day of staking to the end of the staking period.
There are new pairs in Binance margin trading
Finally, Binance has added Terra (LUNA) as a new loanable asset to its cross-margin pair. Phoenix Global (PHB) and Loom Network (LOOM) have been added to both cross and isolated margin transactions. So the latest table of margin transactions is as follows:
- New cross margin trading pairs: LOOM/BUSD, LUNA/BUSD, LUNA/USDT, PHB/BUSD
- New isolated margin trading pairs: LOOM/BUSD, PHB/BUSD
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