1276
Many countries want web3.
linkedin.com/posts/astana-f…
1277
» Il re di Binance cerca spazio in Italia: «Le crypto rivoluzionano il denaro» - Il Sole 24 ORE ilsole24ore.com/art/il-re-bina…
1280
Forbes incontra Changpeng Zao, il fondatore dell'exchange di criptovalue Binance forbes.it/2022/05/11/for…
1281
Some blockchain congestion and node syncing issues with ETH (also high fees) and LUNA, deposit and withdrawals may take longer than usual to process. Other networks all working fine. Our teams are monitoring closely. Funds are #SAFU. 🙏
1282
High system and blockchain load today. Binance P2P trading had a server issue, and is in maintenance mode. Our team is on it. Should recover in 30-60 min. All other systems (spot & futures) are fine.
1283
The Importance of Fiat Reserve-Backed Stablecoins
binance.com/en/blog/ecosys…
1284
We are in a new market, with many innovations. Algo stable coins is one of them. When they are hot, they are all the rage. When they drop, it can be a vicious circle. Some innovations will become successful, many won’t.
1285
Many asked me about the markets today. We need to respect the market, with a level of caution too. It goes up and down in cycles. And especially the fact that it doesn’t always make sense. 1/4
1286
At the end of the day, we need to go back to fundamentals. Build real products, not reliant on short term incentives, or promotions, but with intrinsic value that people use.
1287
More than anything else, we need to humbly respect the market, and not be cocky. Build step by step, day after day. And leave the rest to market and time.
Stay #SAFU.
1289
We are still here. twitter.com/cz_binance/sta…
1290
Was fun visiting the training center of Lazio. Pepe Reina’s hand shake is like a robot arm, nothing will get through those hands. 🤝 twitter.com/OfficialSSLazi…
1291
2. An exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Their validators have suspended their entire network, resulting in no deposits or withdrawals possible to or from any exchange.
1292
1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.
A thread 👇
1293
3. Some of our users, unaware of the large amounts of newly minted LUNA outside the exchange, started to buy LUNA again, without understanding that as soon as deposits are allowed, the price will likely crash further. Due to these significant risks, we suspended trading.
1294
4. While #Binance always aims to be neutral, helpful and protective of all users and industry peers, and we typically refrain from commenting on other projects, I will break that rule this time.
1295
5. I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted LUNA, and recover the UST peg. So far, we have not gotten any positive response, or much response at all
1296
6. (This is in sharp contrast to Axie Infinity, where the team took accountability, had a plan, and were communicating with us proactively. And we helped.)
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7. We know there are different opinions in the community, we felt suspending trading is the best way to protect our users at this time. We will continue to monitor the situation closely 24/7. All actions will be announced on @binance. 🙏 - CZ
1298
@Cryptoyon We honestly were hoping they had a plan to recover. it usually takes a few days to see that, like even in Axie Infinity's case.
1299
Was in a no-phone meeting for 2hrs. At least, there is progress.
Luna blockchain resumed, no more minting.
And deposits, withdrawals and trading resumed. Trading is important for existing holders.
Please do NOT buy a coin just because trading is on. DYOR! EXTREME caution!
1300
Many people don't get this point. If we didn't push the issue, the Terra blockchain may still be in "halted" mode, or worse with super minting... twitter.com/Ashwsbreal/sta…
CEO @binance, holder of #bnb #btc