Time for this week’s #Binance announcements!

Thread on all the latest 🧵 AVA Flexible Products: Complete Subscription to Enjoy Up to 9.9% Bonus Tiered APR!
👉binance.com/en/support/ann…

We've temporarily closed #BTC withdrawals due to the large volume of pending transactions.

Our team is currently working on a fix and will reopen $BTC withdrawals as soon as possible.

Rest assured, funds are SAFU. There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in $BTC network gas fees.

Our team is working to accelerate the confirmation of all pending transactions.

We'll provide updates here.

A lot to catch up on this week.

🧵 Thread on all the latest from #Binance Notice of Removal of Trading Pairs - 2023-05-04

binance.com/en/support/ann…

We are aware of an issue impacting spot trading on Binance.

All spot trading is currently temporarily suspended as we work to resolve this as soon as possible.

New updates will be shared here.

https://twitter.com/cz_binance/status/1639235255054860290?s=20

Fake apps are one of the most common forms of scams.

They are designed to trick you by mimicking legitimate and familiar applications.

🧵 Learn how to identify and avoid them in 3 steps. These are typically two methods scammers use to disguise fake apps:

🔸 Imitation: copies the official source with similar names, logos, and features.

🔸 Repackaging: uses the same metadata as the official version, modifying the source code.

#Binance will add the following stablecoin spot trading pairs:

🔸BNB/TUSD
🔸BTC/TUSD
🔸ETH/TUSD
🔸TUSD/USDT
🔸USDC/USDT
🔸USDP/USDT We will also stop the BUSD Auto-Conversion for users' new deposits of USDP and TUSD alongside the USDC Auto-Conversion pause earlier today.

Users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balances.

Another week goes by with a lot of #Binance announcements to catch up on!

🧵 Here's a thread to summarise. #Binance will support the @ArweaveTeam $AR network upgrade & hard fork.

binance.com/en/support/ann…

Thank you to everyone who joined our very first #BinanceTalks online event!

We have now picked our winners for the two giveaways 🏆

🧵 Check this thread to see if you've won. Congrats to all winners of the key learnings giveaway, you have all won $100 in rewards!

@ManjyeelK
@kingkritish1
@verxia_yulind
@dubkritish
@Nepalgovj
@phejihroh_
@harshaljain89
@NicoDeFin
@baguspahlevy2
@irempaii

Our team made some upgrades to the #Binance Proof of Reserves (PoR) verification system this week.

🧵 Here’s a thread to summarise the updates. We’ve upgraded our PoR system with zk-SNARK, a zero-knowledge verification method aimed at keeping your sensitive information more private and secure.

@PolyhedraZK: "Breaking the security of modern zero-knowledge proof systems is not feasible within today's computational power."

The #Ethereum Shanghai Upgrade is coming up in March 2023 and it’s worth familiarising yourself with it.

Especially if you’re an $ETH HODLer.

🧵 Here’s all you need to know in 3 tweets. 1. The Merge.

🔸 In September 2022, Ethereum switched from a PoW to a PoS consensus mechanism.

🔸 Validators are now users staking $ETH, rather than miners solving computational puzzles.

How can you manage your risk?

There are several methods you can use to protect your investments, with some even suitable for beginners.

🧵 Here’s a thread on 5 risk management strategies you can adopt. Strategy 1: Consider the 1% rule.

Don’t risk more than 1% of your total capital on an investment or trade.

For example, if you want to buy $10,000 worth of $BTC, set a stop-loss or stop-limit order to sell at $9,900.

Our final announcement wrap up of 2022!

🧵 Thread on all the latest from this week. Notice of Removal of Trading Pairs (2022-12-30)
binance.com/en/support/ann…

#Binance App update 📲 V2.56.0 is here!

Our new update brings changes that provide data and user experience enhancements.

🧵 Read through this thread to learn more. From the homepage, you can access the traders' leaderboard:

🔸 Filter with specific criteria to view the top traders ranked in descending order.

Congratulations to the winners of our #BinanceWebSummit challenge!

Many of you attended the biggest tech event in the world earlier this month & shared your favorite #Binance moments.

🧵 Now it’s time to meet the people who won a brand-new Binance skateboard. Irmantas.ig’s video entry on Instagram shows it all.

The $BTC button game, the penalty kick out, and more. If you missed us at Web Summitm, here’s your chance to catch up.

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com. In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help.

While we have everyone’s attention, let’s talk about transparency in the industry.

Over the last five years, we’ve shared countless tweets and blogs about our ongoing initiatives to keep users safe.

In this thread, we’ll highlight some of the most important.🧵 At Binance, transparency and user protection are a top priority.

These two values are foundational to building long-term sustainable growth of crypto.

In July, we asked the community to create a #BinanceCake in celebration of #BinanceTurns5 🎂

Today, we present to you our 10 winners! It was a difficult choice in the end...

🧵 But here's a thread of our winning #Binance cakes. First off, we have this set of #BinanceCake's from sheanskitchen (Instagram) that we couldn't say no to.

Today #BinanceTurns5 🎂

We'd like to take this time to reflect on our journey over the past 5 years, highlight some milestones and take a look at what to expect from #Binance in the future.

🧵 Let's dive into it in this thread. 🗓️ July 14, 2017.

Binance.com was launched with the vision of providing users with a new crypto trading experience.

The team worked tirelessly to ensure that we were offering a trusted, intuitive, and simple marketplace for trading crypto - from here, we built!

Earlier today, #Binance burned $444,632,106 worth of #BNB as part of the 20th BNB Burn.

If you’d like to learn how coins are ‘burned’, including #BNB, open this thread 🧵 Coin burning is when a certain amount of crypto is destroyed and permanently removed from circulation, reducing the supply of the crypto.

Coins are sent to a black hole address to burn them, after which cannot be used for anything. They are burned. Destroyed. Gone forever.

A big congrats to the winners of our #CZBdayHat challenge!

They had the opportunity to ask @cz_binance a few questions about #Binance and his thoughts and experiences in the crypto industry as #BinanceTurns5.

Check out the winning designs in this thread ⬇️ We asked for a #CZBdayHat but looks like we got the whole works!

📸@bene_ctb

https://twitter.com/bene_ctb/status/1541554313696350209

About a month ago we asked you to share your home set-ups for a chance to win rare #Binance merch.

*drum rolls* Congrats to our #CryptoHome winners!

Check out the top 5 entires here 👇 Strong monitor setup @MrJasonBlack42!

Is there any room for maybe just one more #Binance display?