Monday, September 28, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

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

    Must Read

    Charles Hoskinson: Metadata Transactions Are Ready; First Project will Migrate from Ethereum to Cardano

    In an AMA conducted a couple of hours ago, the creator of Cardano (ADA), Charles Hoskinson, released an update...

    KuCoin Hack: There Was Nearly $280 Million in Various Crypto Assets Stolen

    According to the director of research at The Block, Larry Cermak, there was nearly $280 million in various crypto...

    How Man Recovered All His Stolen XRP after Months of Getting Hacked Through Ledger Nano X

    In the cryptocurrency ecosystem, there have been perpetration of hackers, where thousands and millions of dollars were being stolen....
    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

    Charles Hoskinson: Metadata Transactions Are Ready; First Project will Migrate from Ethereum to Cardano

    In an AMA conducted a couple of hours ago, the creator of Cardano (ADA), Charles Hoskinson, released an update...

    KuCoin Hack: There Was Nearly $280 Million in Various Crypto Assets Stolen

    According to the director of research at The Block, Larry Cermak, there was nearly $280 million in various crypto assets lost in the KuCoin...

    How Man Recovered All His Stolen XRP after Months of Getting Hacked Through Ledger Nano X

    In the cryptocurrency ecosystem, there have been perpetration of hackers, where thousands and millions of dollars were being stolen. Little or none of those...

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again on the cryptocurrency exchange, Bittrex. In...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most relevant crypto asset for wholesale...

    More Articles Like This