{"id":34545,"date":"2023-07-12T06:57:39","date_gmt":"2023-07-12T10:57:39","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/binance-to-retire-the-deposit-addresses-and-memos-of-popular-cryptos-investors-turn-to-new-market-entrants\/"},"modified":"2023-07-12T06:57:40","modified_gmt":"2023-07-12T10:57:40","slug":"binance-to-retire-the-deposit-addresses-and-memos-of-popular-cryptos-investors-turn-to-new-market-entrants","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34545","title":{"rendered":"Binance To Retire the Deposit Addresses and Memos of Popular Cryptos \u2013 Investors Turn to New Market Entrants"},"content":{"rendered":"
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Disclaimer: The text below is a press release that is not part of\u00a0<\/i>Cryptonews.com<\/i>\u00a0editorial content.<\/i><\/p>\n

Binance has been in the news a lot this year due to many legal probes globally.<\/p>\n

While the company has lost some market share, it still leads the way in trading volume and continues to improve its product.\u00a0<\/p>\n

Most recently, Binance announced the retirement of several deposit addresses and memos. Still, the exchange’s utility token, BNB, remains in limbo.<\/p>\n

Yet, investors have shown unwavering confidence in another utility token gearing for Stage 2 of its fast-selling presale.<\/p>\n

BUY SPCT TOKENS NOW<\/strong><\/p>\n

The Retiring of Deposit Addresses and Memos on Binance Explained<\/h2>\n

The world’s largest crypto exchange has been the subject of many thefts, hacks, and scandals in 2023.\u00a0<\/p>\n

However, Binance received arguably its biggest blow when the SEC (Securities and Exchange Commission) sued them in June.<\/p>\n

Despite this, the exchange is preparing to overhaul its wallet infrastructure to improve efficiency and security.\u00a0<\/p>\n

Here, Binance will discontinue the deposit addresses and memos (or destination tags) of 40 coins by the end of September 2023.\u00a0<\/p>\n

The affected coins include Bitcoin (BTC), Cardano (ADA), Solana (SOL), and Polkadot (DOT), among others.<\/p>\n

In other news, the exchange listed the much-anticipated PENDLE, a new, trending token in DeFi, to attract users.\u00a0<\/p>\n

Yet, the price action of BNB is reflective of the uncertainty around Binance. While many altcoins produced gains above 50% from mid-June, BNB is around the same value.\u00a0<\/p>\n

BNB increased 17% from $220 to $257 but is now worth $235, almost at the previous low.<\/p>\n

Meanwhile, VC Spectra (SPCT) is at the cusp of a more significant surge thanks to its value proposition.<\/p>\n

BUY SPCT TOKENS NOW<\/strong><\/p>\n

VC Spectra (SPCT) Is Poised To Dominate Decentralized Asset Management<\/h2>\n

VC Spectra (SPCT) is the latest entrant in decentralized hedge funds<\/strong>, offering investors a chance to profit from the multi-billion-dollar blockchain and technology industries.\u00a0<\/p>\n

All the start-ups that VC Spectra (SPCT) funds will be of a sustainable and ethical nature. The platform upholds transparency and social responsibility to impact the world positively.<\/p>\n

At the same time, VC Spectra (SPCT) has an arsenal of methods to generate profits for its investors.\u00a0<\/p>\n

The team behind the protocol comprises experts in trading, venture capital, and technology.<\/p>\n

They will pick the best projects from the get-go using a stringent selection process.\u00a0<\/p>\n

Once chosen, VC Spectra (SPCT) will become a trading platform using many discretionary and algo-based strategies.<\/p>\n

Investors would only have the simple job of choosing their preferred projects based on what they can afford.\u00a0<\/p>\n

Speaking of the latter, VC Spectra (SPCT) is affordable since no minimum investment requirements apply.<\/p>\n

Smart contracts will give users full custody over their assets and offer profits automatically.\u00a0<\/p>\n

You invest and get paid with VC Spectra using SPCT, the native utility currency.<\/p>\n

This token provides other advantages, which include quarterly dividends, voting rights, and exclusive discounted access to pre-ICOs.<\/p>\n

SPCT is trading at a mere $0.008<\/strong>. But with 29% of tokens left before Stage 2 of the presale, the new value will be $0.011<\/strong>.\u00a0<\/p>\n

Once VC Spectra (SPCT) gets exchange-listed, the forecasted prediction is $0.08, a 900% gain<\/strong> for those buying at the initial price.<\/p>\n

While Binance slowly loses market share, VC Spectra (SPCT) is in pole position to dominate a new one.<\/p>\n

Learn more about the VC Spectra presale here<\/strong>:<\/p>\n

Buy Presale<\/strong>: https:\/\/invest.vcspectra.io\/login\u00a0<\/p>\n

Website<\/strong>: https:\/\/vcspectra.io<\/p>\n

Telegram<\/strong>: https:\/\/t.me\/VCSpectra<\/p>\n

Twitter<\/strong>: https:\/\/twitter.com\/spectravcfund<\/a><\/p>\n<\/p><\/div>\n