Blockchain
Binance to Delist BOND, DOCK, MDX, POLS on July 22, 2024
Binance, one of the largest cryptocurrency exchanges, has announced the delisting of four tokens: BOND, DOCK, MDX, and POLS, effective July 22, 2024. This decision follows a comprehensive review of the digital assets listed on the platform to ensure they meet Binance’s high standards and industry requirements.
According to Binance, several factors influence the decision to delist a digital asset. These include the commitment of the project team, the level and quality of development activity, trading volume and liquidity, network stability, and responsiveness to due diligence requests. Other considerations include evidence of unethical conduct, compliance with new regulatory requirements, and the asset’s contribution to a healthy and sustainable crypto ecosystem.
Effective July 22, 2024, at 03:00 (UTC), Binance will cease trading on all spot trading pairs for BOND, DOCK, MDX, and POLS. The specific trading pairs being removed are BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT. Following the delisting, all trade orders will be automatically removed, and the tokens’ valuations will no longer be displayed in users’ wallets. Users are advised to ensure that they have not selected “Hide Small Balances” in their wallets to view their assets post-delisting. Deposits of these tokens after July 23, 2024, will not be credited, and withdrawals will not be supported after October 22, 2024.
Several Binance services will be affected by the delisting. Binance Simple Earn will delist the tokens on July 19, 2024. Users can redeem their Flexible Products positions beforehand, or they will be automatically redeemed and transferred to users’ Spot Wallets. Binance Auto-Invest will remove the tokens on July 15, 2024. Users are encouraged to remove their plans beforehand. VIP Loan will close all outstanding loan positions related to these tokens by July 17, 2024. Users should repay their loans to avoid potential losses. Binance Margin will suspend isolated margin borrowing on July 12, 2024, and close all positions on July 17, 2024. Portfolio Margin users are advised to transfer the tokens out of their Margin Wallet and monitor their margin balance to avoid liquidation. Binance Convert will maintain a Sell-only function from July 18, 2024, to July 22, 2024, before delisting the tokens. Binance Gift Card and Binance Pay will also delist the tokens on July 22, 2024. Trading Bots services for the spot trading pairs will terminate on July 22, 2024.
Users holding BOND, DOCK, MDX, and POLS are advised to take necessary actions before the specified deadlines to avoid any inconvenience. Binance has assured that it will not be liable for any losses incurred due to the delisting process.
Source: blockchain.news
The post Binance to Delist BOND, DOCK, MDX, POLS on July 22, 2024 appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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