Whenever
there is a new cryptocurrency launched on the Binance platform, it is bound to
make headlines on the internet. So, it has happened again. Perlin, which is a
Wasm smart contracts company has managed to get $330 Million via Binance users
in recent IEO( Initial Exchange offering).
It is
turning many heads because it is the most significant record of IEO Via Biance
launchpad. CEO of Binance Changpeng Zhao Commented, “ As long as projects like
Perlin is showing strong business fundamentals, there will be more user
adoption.” Right now there are more than forty thousand Perl token holders.
Binance login Hack issue drops BNB 10%
A few days
ago, reports began to pour on the internet about Binance Login hacks. Initially, it was denied by the company. “The
leaks are fake, and No Binance login details have been stolen” was the
statement on the internet. However, Now Binance has Admitted about leaking some
sensitive customer data. It was not done recent rather a few years ago through a
third party vendor.
After the company announced the news, its official coin ‘Binance Coin(BNB) price dropped
nearly 10 percent.it has been expected it will plunge more in the upcoming
days.
Victims getting VIP accounts
Following
the leak of KYC Documents, Binance has given another statement. The users who have
been the victim of Binance Login
hacks will receive a Vip Account. The investigations are still going on, but
once it is complete, users are expected to get those VIP accounts.
Binance is Launching Lending product
In another
update, Binance has launched a new lending product. A user can lend out their
Binance coin to other users then they can begin earning interest. The company
has been saying; they will offer up to 15% interest. It does not matter how the
market is going to perform. You are going to receive fixed interest.
The platform
will begin with its own coin ‘BNB’ and a stable coin ‘ Tether.’ A user can lend
out 500 BNB maximum out in the market. These are the latest news related to
Binance. In the blog, we will bring you more updates.
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