Binance will be performing a scheduled account services upgrade on 25 Sep 6.30am (UTC) and there may be intermittent interruptions to all services during the upgrade.
— Binance (@binance) September 23, 2024
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Crypto: Binance Announces A Critical Update Before The Release Of CZ
16h05 ▪
3
min read ▪ by
Getting informed
▪
Centralized Exchange (CEX)
The crypto exchange Binance has just announced a major update to its system. Scheduled for this week, it will be accompanied by temporary interruptions. In the meantime, the co-founder of the cryptographic company Changpeng Zhao is set to be released from prison on September 29. This combination of events could disrupt the cryptocurrency market in the coming days.
Binance interrupts its crypto services for a crucial update
On September 23, the crypto exchange Binance informed its users that a significant upgrade would take place this Wednesday, September 25 at 06:30 UTC. This update aims to enhance the performance and stability of the cryptographic platform’s systems.
However, it will involve intermittent interruptions across all cryptographic services. This includes:
- spot trading,
- futures trading,
- P2P.
Binance reassures its users, however. The update will not affect crypto transactions via the API or the security of digital assets.
Changpeng Zhao: his return after prison and its impact on Binance
The imminent return of Changpeng Zhao (known as CZ) could have significant repercussions on Binance as well as the crypto market. Convicted in April for money laundering, he will be released from prison on September 29. Zhao plans to return to Dubai to focus on educational initiatives such as Giggle Academy.
Indeed, the absence of CZ has not directly affected Binance. However, some cryptographic experts believe that his release could:
- reassure investors,
- bring some stability to the crypto company.
It is also worth noting that CZ remains involved in ongoing legal issues, which could influence the future of the crypto exchange platform.
Between Binance’s technical update and the return of Changpeng Zhao, the coming days are shaping up to be decisive for the crypto exchange as well as for the cryptocurrency market. Users would do well to closely follow these events, which could influence market dynamics.
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Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.