Binance Charity has pledged to airdrop up to $3 million in BNB to affected users in the Marrakesh-Safi Province of Morocco. The airdrop will be based on Proof of Address (POA) submissions, with users who completed their POA by 9 September 2023 eligible for a $100 BNB airdrop. Binance has extended a grace period for those not completing their POA between 9 September and 30 September 2023. The initiative is expected to benefit around 70,000 users in Morocco, with funds distribution starting on 12th September 2023. Binance Charity has set up a public donation address for donations.
Binance Fan Token has launched the PORTO Trading Competition, offering users the chance to trade on PORTO spot trading pairs and earn up to $750 in PORTO Gift Cards. New users can also receive a $5 PORTO Gift Card for registering using the "PORTOTC" referral code or link, totaling $7,500.
On 10 Sep 2023, Binance CEO, Changpeng Zhao (CZ), addressed the hacking of Ethereum co-founder Vitalik Buterin's Twitter account. CZ emphasized the need for stronger security on social media platforms, citing Twitter's vulnerabilities. The breach led to losses of over $691,000 for users who clicked a malicious link on Buterin's hacked account. Notably, a valuable NFT, CryptoPunk #3983, worth approximately $250,543, was stolen. Users are urged to exercise caution online.
Pepe Coin (PEPE), a cryptocurrency with a Pepe the Frog theme, has experienced a decline in value, reflecting the broader Bitcoin downturn. The cryptocurrency market remains fragile, with predictions suggesting Bitcoin could dip to $20,000. The tumult in the altcoin market is partly attributed to reports surrounding the compromise of Ethereum Founder Vitalik Buterin's Twitter account, social platforms of Pepe X, and past allegations of scams and insider trading. The unveiling of its previously anonymous founder has also impacted investor sentiment.
Binance introduces new Cross Margin pairs, including BAND/USDT, FLM/USDT, and STMX/USDT, along with new Isolated Margin pairs, ADX/USDT, PROM/USDT, and PROS/USDT.
Binance NFT will halt The Sandbox NFT Staking Program on September 26, 2023, and suspend LAND NFTs for daily SAND rewards. All staked NFTs will undergo an unstaking process, with return expected by September 28, 2023. Users holding Polygon Network NFTs are advised to complete withdrawals by December 31, 2023.
Binance supports network upgrades and hard forks of REI Network and MobileCoin, ensuring timely assistance for blockchain advancements. Upgrades are scheduled for September 11, 2023, and September 26, 2023, respectively. Binance will handle technical requirements for users, and will resume reopening after network stability is confirmed.
Binance addressed CYBER redemption concerns due to a price discrepancy between Upbit and other exchanges. This led to liquidity shortages for CYBER on Binance and other exchanges. Measures include dynamic loan adjustments, stricter risk management, risk warnings, and compensation for affected users with 800,000 USDT and 871 CYBER.
Binance has launched a zero maker fee promotion for spot trading pairs involving Argentine Peso, Brazilian Real, and South African Rand. The promotion will be in effect from September 8, 2023, until further notice. The promotion aims to attract traders interested in these currency pairs and contribute to the exchange's market expansion.
Binance is resolving a fraud incident involving XIRTAM tokens, allowing refunds for over 1,750 victims, pending investigation by its security team, and excluding secondary market or third-party transactions.