{"id":549146,"date":"2023-08-28T19:00:36","date_gmt":"2023-08-28T19:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=549146"},"modified":"2024-06-11T08:15:55","modified_gmt":"2024-06-11T08:15:55","slug":"binance-39-mining-pools","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/binance-coin\/binance-39-mining-pools\/","title":{"rendered":"Binance Will Halt These 39 Liquidity Mining Pools This Week"},"content":{"rendered":"

On Sunday, Binance <\/span>announced<\/span><\/a> that it will halt 39 liquidity mining pools this week following the latest assessment. As a result of a supposed failure to pass this assessment, these 39 liquidity pools are expected to stop operating on September 1, 2023<\/span>.<\/span><\/p>\n

Liquidity Pools Stopped By Binance<\/span><\/h2>\n

This decision was made due to the platform’s recent liquidity mining performance. The announcement said Binance Liquid Swap will \u201cperiodically review listed liquidity pools to concentrate liquidity for our users and ensure optimized trading experience, price and slippage.\u201d<\/span><\/p>\n

Related Reading: Friend.tech Activity Crashes 94%, Is This The End?<\/a><\/div>\n

As a result of the most recent review, the 39 <\/span>liquidity pools<\/span><\/a> listed below are expected to cease operation on Friday:\u00a0<\/span><\/p>\n

ADA\/BNB, ALICE\/BTC, APE\/BTC, AVA\/USDT, AVAX\/BNB, BTC\/TUSD, CHZ \/BNB, CHZ\/BTC, CTSI\/BNB, DOT\/BUSD, ENJ\/USDT, FIL\/BNB, FRONT\/BUSD, GALA\/BNB, ICP\/BNB, ID \/BTC, KDA\/USDT, LIT\/USDT, MATIC\/BNB, NEO\/BNB, PAXG\/USDT, PEPE\/USDT, SANTOS\/USDT, SUSHI\/BNB, SUSHI\/BTC, SXP\/BNB, SXP\/BTC, THETA\/BNB, THETA\/BTC, TKO\/USDT, TLM\/USDT, TRX \/BNB, TRX\/ETH, WBTC\/ETH, XMR\/ETH, XMR\/USDT, XVS\/BTC, XVS\/USDT, ZEN\/USDT.<\/span><\/p><\/blockquote>\n

For now, users will not be able to add liquidity to these liquidity pools from today. However, the liquidity of the liquidity pools listed above will still remain accessible to ensure that users are provided with a trading experience.\u00a0<\/span><\/p>\n

Users will also still be able to redeem and withdraw their assets from the respective pairs on Binance Spot before the closing date on September 1, 2023. User deposits in the liquidity pool will be calculated following the current composition of the respective pool and then it will be converted to the user’s Spot wallet automatically.<\/span><\/p>\n

According to the announcement, the removal of the liquidity pools listed above will not hinder other trading respective pairs on Binance Spot and users will still be able to trade on other liquidity pools that are currently available on <\/span>Binance Liquid Swap.<\/span><\/a><\/p>\n

This marks the second time Binance has eliminated liquidity pools this month. On August 9, 2023, Binance also <\/span>announced<\/span><\/a> that the exchange would stop about 38 liquidity pools on August 18, 2023.<\/span><\/p>\n

\"Binance<\/p>\n

BNB price remains above $215 support | Source: BNBUSD on Tradingview.com\u00a0<\/a><\/pre>\n
Multiple Charges Hinder Binance\u2019s Business<\/span><\/h2>\n
Amid these developments, the Binance crypto exchange continues to deal with regulatory pressures that seem to be affecting its business. Firstly, Visa and Mastercard are <\/span>slowly cutting their ties with Balance<\/span><\/a> due to the multiple regulatory actions from the US Securities and Exchange Commission (SEC) against the exchange.<\/span><\/p>\n
One of the allegations brought against Binance is that the exchange has been operating under an unregistered business and misled investors about the company’s risk.<\/span><\/p>\n
Related Reading: Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone<\/a><\/div>\n
Also, the US Commodity Futures Trading Commission (CFTC) in May <\/span>brought multiple charges against the exchange<\/span><\/a> for what it calls a “willful evasion” of US law.<\/span><\/p>\n
Among the hurdles the exchange is also facing include allegations that the US Department of Justice is <\/span>looking into the exchange<\/span><\/a> and is considering charging Binance for fraudulent activities.<\/span><\/p>\n
On August 23, 2023, Binance <\/span>announced<\/span><\/a> on X (formerly Twitter),\u00a0 that the exchange’s card known as the Binance Card will no longer be available to users in Latin America and the Middle East.<\/span><\/p>\n
Featured image from The Information, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On Sunday, Binance announced that it will halt 39 liquidity mining pools this week following the latest assessment. As a result of a supposed failure to pass this assessment, these 39 liquidity pools are expected to stop operating on September 1, 2023. Liquidity Pools Stopped By Binance This decision was made due to the platform’s recent liquidity mining performance. The announcement said Binance Liquid Swap will \u201cperiodically review listed liquidity pools to concentrate liquidity for our users and ensure optimized trading experience, price and slippage.\u201d Related Reading: Friend.tech Activity Crashes 94%, Is This The End? As a result of the most recent review, the 39 liquidity pools listed below are expected to cease operation on Friday:\u00a0 ADA\/BNB, ALICE\/BTC, APE\/BTC, AVA\/USDT, AVAX\/BNB, BTC\/TUSD, CHZ \/BNB, CHZ\/BTC, CTSI\/BNB, DOT\/BUSD, ENJ\/USDT, FIL\/BNB, FRONT\/BUSD, GALA\/BNB, ICP\/BNB, ID \/BTC, KDA\/USDT, LIT\/USDT, MATIC\/BNB, NEO\/BNB, PAXG\/USDT, PEPE\/USDT, SANTOS\/USDT, SUSHI\/BNB, SUSHI\/BTC, SXP\/BNB, SXP\/BTC, THETA\/BNB, THETA\/BTC, TKO\/USDT, TLM\/USDT, TRX \/BNB, TRX\/ETH, WBTC\/ETH, XMR\/ETH, XMR\/USDT, XVS\/BTC, XVS\/USDT, ZEN\/USDT. For now, users will not be able to add liquidity to these liquidity pools from today. However, the liquidity of the liquidity pools listed above will still remain accessible to ensure that users are provided with a trading experience.\u00a0 Users will also still be able to redeem and withdraw their assets from the respective pairs on Binance Spot before the closing date on September 1, 2023. User deposits in the liquidity pool will be calculated following the current composition of the respective pool and then it will be converted to the user’s Spot wallet automatically. According to the announcement, the removal of the liquidity pools listed above will not hinder other trading respective pairs on Binance Spot and users will still be able to trade on other liquidity pools that are currently available on Binance Liquid Swap. This marks the second time Binance has eliminated liquidity pools this month. On August 9, 2023, Binance also announced that the exchange would stop about 38 liquidity pools on August 18, 2023. BNB price remains above $215 support | Source: BNBUSD on Tradingview.com\u00a0 Multiple Charges Hinder Binance\u2019s Business Amid these developments, the Binance crypto exchange continues to deal with regulatory pressures that seem to be affecting its business. Firstly, Visa and Mastercard are slowly cutting their ties with Balance due to the multiple regulatory actions from the US Securities and Exchange Commission (SEC) against the exchange. One of the allegations brought against Binance is that the exchange has been operating under an unregistered business and misled investors about the company’s risk. Related Reading: Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone Also, the US Commodity Futures Trading Commission (CFTC) in May brought multiple charges against the exchange for what it calls a “willful evasion” of US law. Among the hurdles the exchange is also facing include allegations that the US Department of Justice is looking into the exchange and is considering charging Binance for fraudulent activities. On August 23, 2023, Binance announced on X (formerly Twitter),\u00a0 that the exchange’s card known as the Binance Card will no longer be available to users in Latin America and the Middle East. Featured image from The Information, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83379],"tags":[10768,84195,13446,83605,6664,12307,15503,89243],"class_list":["post-549146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance-coin","tag-binance","tag-binance-crypto-exchange","tag-binance-exchange","tag-binance-news","tag-crypto","tag-crypto-exchange","tag-exchange-news","tag-liquidity-pools"],"acf":[],"yoast_head":"\nBinance Will Halt These 39 Liquidity Mining Pools This Week<\/title>\n<meta name=\"description\" content=\"On Sunday, Binance announced that it will halt 39 liquidity mining pools this week following the latest assessment.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Will Halt These 39 Liquidity Mining Pools This Week","url":"http:\/\/uniquehot.com\/news\/binance-coin\/binance-39-mining-pools\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/binance-coin\/binance-39-mining-pools\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Binance.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Binance.jpeg?fit=1600%2C900"},"articleSection":"Binance Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","binance crypto exchange","binance exchange","binance news","crypto","crypto exchange","exchange news","liquidity pools"],"dateCreated":"2023-08-28T19:00:36Z","datePublished":"2023-08-28T19:00:36Z","dateModified":"2024-06-11T08:15:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Will Halt These 39 Liquidity Mining Pools This Week\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/binance-coin\\\/binance-39-mining-pools\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/binance-coin\\\/binance-39-mining-pools\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Binance.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Binance.jpeg?fit=1600%2C900\"},\"articleSection\":\"Binance Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"binance crypto exchange\",\"binance exchange\",\"binance news\",\"crypto\",\"crypto exchange\",\"exchange news\",\"liquidity pools\"],\"dateCreated\":\"2023-08-28T19:00:36Z\",\"datePublished\":\"2023-08-28T19:00:36Z\",\"dateModified\":\"2024-06-11T08:15:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Binance.jpeg?fit=1600%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/549146"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=549146"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/549146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/549148"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=549146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=549146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=549146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}