#PiCoreTeam Can anyone here on Binance who has been mining Pi Network Coins , have you got your recent migration coins or is it still in the Transferable Balance mode like mine . The last time recieved an amount to my Pi Wallet was in 2023 October. Anyone here can help and advise .
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Binance Futures Adjusts Funding Rate Settlement Frequency for USDⓈ-M Perpetual Contracts According to Binance's official announcement, effective from 2025-05-02 08:00 (UTC), Binance Futures will modify the funding rate settlement frequency for USDⓈ-M Perpetual Contracts. This adjustment aims to enhance user experience by aligning the settlement frequency with market conditions. Adjustment Details - The funding rate settlement frequency will change from every eight or four hours to every one hour if the previous funding rate settlement reaches the funding rate cap/floor. - For instance, the USDⓈ-M BTCUSDT perpetual contract, with a funding rate cap/floor of +0.3% / -0.3%, will see its settlement frequency adjusted to every one hour if the rate hits these limits.
- The adjustment will be implemented approximately 15 minutes after the previous funding rate settlement reaches the cap/floor.
Understanding Funding Rates - Funding rates are crucial for aligning the price of perpetual contracts with the underlying asset's spot market price.
- These rates are exchanged directly between traders, with long-position holders paying short-position holders when the rate is positive, and vice versa. - The rates are influenced by market conditions, typically lower during low volatility and potentially reaching maximum levels during high volatility. - Users are advised to monitor their positions and collateral closely to avoid margin calls and liquidations. Exceptions and Additional Information - The USDⓈ-M FLMUSDT perpetual contract will maintain a funding rate settlement frequency of every two hours until further notice.
- USDⓈ-M VOXELUSDT and ALPACAUSDT contracts will continue with a one-hour frequency, subject to future changes. - Users can access real-time funding rate information and history through Binance's platform or via API endpoints. This adjustment reflects Binance's commitment to optimizing its services in response to market dynamics, ensuring a seamless trading experience for its users. Further announcements will be made if changes are implemented.
Binance Set to Re-Verify KYC Details of India Users
Binance Set to Re-Verify KYC Details of India Users Binance informed its India users about this re-verification process through an email.
Written by Radhika Parashar, Edited by Manas Mitul | Updated: 21 April 2025 16:02 IST
Binance is refreshing the database of its user details in India, the exchange said in an official announcement over the weekend. Binance's India users have been directed to re-verify their Know-Your-Customer (KYC) details. This instruction will apply to both the new as well as the existing users of the exchange. Access to Binance was restored in India in August 2024, after it cleared a fine of $2.25 million (roughly Rs. 18.8 crore) for violating India's Prevention of Money Laundering Act, 2002 (PMLA).
Binance informed its India users about the re-verification process through an email, it said in its announcement. The exchange said that the step aligns with its aim to maintain high security standards in the country.
The platform will be obtaining the PAN details of its users in India as part of this KYC refreshing process. PAN or (Permanent Account Number) is a 10-digit identification number assigned to all taxpayers in India.
Explaining the step, Binance said that it is “a requirement under the Indian AML laws” which “is not unique to Binance and equally applies to all local and global exchanges registered under India's AML legislation
Other details that users will need to submit for their KYCs include name, date of birth, address, and images of government-issued ID. In addition, users will also be required to go through a facial identification process.
In 2024, Binance had ensured its users that uploading the necessary documents for the KYC was a quick process – the verification and approval process could take a few days. Once the verification is completed, the platform notifies the users accordingly.
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I think you should carry all valid documents and scrrrenshotsvof the transaction and show the cyber crime team and file a complaint against him that he is also blackmailing you .
SK DUBAI
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Dear All,
Please guide me. I am from India and recently completed a P2P order. The transaction was successful — the other party received the USDT and transferred the corresponding funds into my bank account.
However, the next day, he filed a complaint with the cybercrime team regarding this transaction, and my bank account was frozen. The name on his Binance account and bank account matched, yet he still reported the transaction as a dispute.
When I contacted him, he demanded INR 10,000 to withdraw the complaint.
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How many of us are yet to get the migration amount of Coins of Pi Network ? How many of us still have faith that Binance will Launch Pi sometime later which will zoom up the price of this coin . #bnb #bnb_pi #PiCoreTeam #PiNetworkMainnet
Im facing an issue of Logging into my Pi mining app as d only option to sign in is Fb which got hacked & now I cannot gt into my mining app but am able tolog into the browser