Please note to be eligible for staking activities, you must already hold the cryptocurrency you want to stake in your Wallet. Log in to your account and visit the Binance.US Staking homepage. Nevertheless, Binance appears to be weathering the storm as it continues to expand its crypto and web3 businesses. Binance.US How-To Stake Polygon (MATIC) 1.1 On web 1. The staking event usually runs on a first come first served basis. The Binance stake comes at a time when prices of digital tokens like bitcoin ( BTC-USD) and ethereum ( ETH-USD) have changed hands at depressed levels since the beginning of 2022, dropping around 70% from their November 2021 peaks. You can stake your Ethereum for a long term and earn rewards with the ETH2.0 staking feature on Binance. Just a few months ago, Binance staking launched its first 'High Yield Staking Offer' which was a promotion that gave crypto enthusiasts the chance to earn up to 37.49 APY by staking ADA, DOT, TRX, EOS, and CAKE. Other major investors that backed Musk's Twitter ( TWTR) deal with $7.1B in financing included Oracle ( ORCL) Cofounder Larry Ellison and Prince Alwaleed bin Talal of Saudi Arabia, a majority stakeholder of Twitter.īinance did not immediately respond to Seeking Alpha's request for comment. It is believed that significant funds, amounting to millions of dollars, have been stolen from the protocol. That commitment was first disclosed in May, as reported by Bloomberg, as part of Binance's vision to merge social media with web3, a decentralized version of the internet developed around blockchains. The Multichain (MULTI) protocol has reportedly become the target of a major cyberattack. “Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter," Binance Founder and CEO Changpeng Zhao wrote in a Twitter post. Binance, the world's largest cryptocurrency exchange by trading volume, confirmed Thursday its $500M equity investment in Elon Musk's $44B acquisition of social media platform Twitter ( NYSE: TWTR).
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