The cryptocurrency market is struggling to gather strength. Leading crypto Bitcoin returned from the critical $60,000 limit and started to rise. However, the upward movements of both Bitcoin and altcoins remain weak. In this negative atmosphere, leading crypto exchange Binance announced its 54th Launchpool project.
Binance launches 54th new coin mining project
Leading crypto exchange Binance has chosen Notcoin (NOT) for its 54th new coin mining project. In this context, it has opened the door for users to mine using BNB and FDUSD for Notcoin (NOT) mining. To obtain NOT rewards, users can place BNB and FDUSD into the NOT mining pool on the Launchpool website after May 13 at 03:00 BST and NOT can be mined for a total of 3 days. In this regard, the cryptocurrency exchange made the following announcement:
Dear Binance users, Binance is excited to announce the 54th project in the Binance Launchpool. Notcoin (NOT) is a community token that brings users into web3 through a tap-to-earn mining mechanic. It is estimated that the web page will be available within 24 hours before Launchpool launches. Users will be able to deposit their BNB and FDUSD into separate pools to collect NOT tokens for three days starting at 03:00 UTC on May 13.
Binance will list Notcoin (NOT) on May 16 at 15:00 UTC. Additionally, the exchange will open NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD and NOT/TRY trading markets. Meanwhile, the crypto exchange stated that ‘seed’ tag trading rules will apply for NOT.
The crypto exchange flatly denied WSJ’s claims!
cryptokoin.comAs you follow from , The Wall Street Journal included some claims about Binance today. However, the exchange flatly denied allegations that it allowed market manipulation on its platform. The accusation, obtained from insiders and internal documents, alleged that Binance Holdings Ltd allowed some users to engage in market manipulation.
However, the giant cryptocurrency exchange categorically denied these accusations. He also emphasized his commitment to maintaining strict market surveillance protocols. Over the past three years, Binance has taken decisive action against market abuse by removing approximately 355,000 users with collective trading volume exceeding $2.5 trillion for violating its terms of use. Competition among market makers is quite intense. Additionally, Binance’s investigation team maintains its impartiality by analyzing evidence without bias, even in the face of claims from market making firms. The overall goal is to promote healthy competition and protect users from any form of market manipulation.
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