BINANCE ENDS SUPPORT FOR ANONYMOUS LITECOIN TRANSACTIONS

Binance ends support for anonymous Litecoin transactions. Binance looks to the UK for regulation amid US crypto crackdown. Binances NFT head adopted this implementation model during the platforms creation. Binance to liquidate its entire FTX Token holdings after recent revelations. Binance.US Opens Beta Testing of iOS App to All Users. Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan. Binance Alpha tokens drive BNB Chain activity, doubling weekly trading volume. Binance temporarily suspends LUNA, UST withdrawals citing network congestion. Binance inflows hit $24 billion from 250M user base in 2024. Binance has announced that it will not support Litecoin transactions made through the MimbeWimble Extension Blocks function. The latest Litecoin function allows users to make confidential Litecoin transactions without revealing any transaction information or the sender s address., The MWEB function gives users the option to transfer confidential Litecoins without revealing any transaction information. Thus, Binance revealed that it will not receive nor return any Litecoins received through the MWEB function, resulting in the direct loss of funds., owing to the fact that Binance cannot verify the sender s address, The decision to end support for the MWEB function also comes at a time when the leading crypto exchange has been marred in controversies. Binance was recently accused of facilitating 2.5 billion, Crypto exchange Binance announced it is ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade.Binance warned that any transaction sent through the MWEB function would be lost since the crypto exchange can, but it doesn t end there. You can make transactions without having an account. That makes the transactions anonymous, any LTC tokens deposited using the MWEB function will not be received or returned since Binance is not able to verify Exodus is a self-custody wallet that values the privacy of its users. You control your crypto portfolio, similar to what you get with Best Wallet. Some of the supported functions on Exodus include the following:, Cointelegraph By Prashant Jha Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade. Binance warned that any transaction sent through the MWEB function would be lost since the crypto exchange can t verify the sender s address. The crypto exchange didn t respond to Cointelegraph s request for, The MWEB is a new Litecoin upgrade launched on May 20 this year that provides Litecoin blockchain users to choose to make confidential LTC transactions that do not reveal any transaction details. According to Binance..