Binance launches Inscriptions Marketplace

Binance today announced the launch of the “Binance Inscriptions Marketplace,” allowing users to buy, sell, and mint inscription tokens.



In a statement, Binance said the new platform is hosted in a self-curated crypto wallet on its app – allowing users to trade or engrave BRC-20 tokens, EVM tokens and other inscription tokens. . A Binance spokesperson said:

“Our platform not only supports inscription trading but also facilitates the minting of BRC-20 and EVM tokens, thereby reducing transaction costs.”
“With recent milestones like the BRC-20 ORDI token reaching a $1 billion market cap and over 200 million inscriptions on various blockchains, we believe our entry into this space is timely. time, not late, marking the time ripe for Binance users to explore and benefit from this growing sector,” they added.
Binance notes that its new product uses the API of UniSat, a marketplace of ordinals and inscriptions. According to the statement, such an approach allows users to access UniSat's liquidity and provides more than 60,000 BRC-20 tokens.

Binance denies claims of GitHub code leak

Binance has denied the claims made by a January 31 report from 404 Media, which detailed the GitHub code leak. According to Binance, the information disclosed in the report is outdated and unusable.
The report said the cached GitHub repositories contained infrastructure diagrams, passwords, and authentication details. The report notes that these have been exposed on GitHub “for months” and contain information about Binance's internal process for multi-factor authentication.
On January 24, Binance petitioned to remove these through a takedown request, citing the potential for confusion and financial harm to the exchange and users. Binance is pursuing legal action against the GitHub user who originally posted the code.
Binance claims that these details “pose a significant risk” and were posted without permission.
The leak contained “our client's internal code, which posed significant risk to Binance and caused severe financial harm to Binance as well as user confusion/harm,” the exchange said. in the takedown request.
Binance has since changed its stance, saying the leak no longer poses a risk to usability and security at the platform level.
According to Binance, the code has been removed to alleviate concerns about private data leaks and is no longer useful to any third-party malicious actors.