Wednesday, October 28, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

    Binance Assures Support for the Upcoming Cardano (ADA) Network Upgrade

    Must Read

    Cardano Price: If You Want To Just Focus on Price, Buy Tron (TRX) –Charles Hoskinson Tells User

    Charles Hoskinson, the CEO of IOHK, who created Cardano (ADA), has on 26th October advised ADA holders that just...

    WordPress Publishers Can Now Timestamp Their Contents on Ethereum

    For immutability and copyright protection, a WordPress plugin now allows publishers to timestamp their contents on the Ethereum blockchain. The...

    JP Morgan Says Bitcoin Is Poised to Triple Its Price as BTC Challenges Gold’s Status

    Bitcoin (BTC), the largest cryptocurrency by market capitalization, has been exhibiting a price bull run over the past few...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Binance, the arguably largest exchange by trading volume, has recently announced its intention to support the upcoming Cardano (ADA) network upgrade.

    The new development was announced via the official website and Twitter handle of the cryptocurrency exchange a few minutes ago.

    According to the report, deposits and withdrawals of Cardano (ADA) will be suspended starting from 20th February 2020 at 4:00 PM (UTC). However, trading of ADA will not be affected in the process of the network upgrade.

    Additionally, the exchange implores users to leave sufficient time for deposits of ADA to be fully processed before the aforementioned cut off time.

    The exchange also promised to carefully handle all the technical requirements involved for the users that are holding ADA in their Binance accounts.

    The Cardano (ADA) Network Upgrade Will Not Create New Digital Token

    Binance exchange also used the medium to inform its users that a new digital token will not be created in the upcoming ADA network upgrade.

    Conclusively, the exchange promised to reopen deposits and withdrawals for Cardano (ADA) as soon as the upgraded network is stable, adding that notification will be sent once everything is set.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Cardano Price: If You Want To Just Focus on Price, Buy Tron (TRX) –Charles Hoskinson Tells User

    Charles Hoskinson, the CEO of IOHK, who created Cardano (ADA), has on 26th October advised ADA holders that just...

    WordPress Publishers Can Now Timestamp Their Contents on Ethereum

    For immutability and copyright protection, a WordPress plugin now allows publishers to timestamp their contents on the Ethereum blockchain. The plugin can help with copyright...

    JP Morgan Says Bitcoin Is Poised to Triple Its Price as BTC Challenges Gold’s Status

    Bitcoin (BTC), the largest cryptocurrency by market capitalization, has been exhibiting a price bull run over the past few days. This positive trend has...

    IOTA Joins Japanese Government on NEDO Project to Protect Critical Infrastructure with AI and DLT

    As a report has it, IOTA Foundation has partnered on a project initiated by Japanese maintenance-related companies and funded by NEDO, (New Energy and...

    David Schwartz Says Ripple Is Making Strategic Adjustments to Enhance XRP

    The Chief Technical Officer at Ripple, David Schwartz, has recently stated that the payment startup is making “strategic adjustments”, in order to bring the...

    More Articles Like This