Binance, a major global cryptocurrency exchange, has thrown its weight behind the upcoming hard fork and network expansion of Firo, a privacy-focused digital currency formerly known as Zcoin. This announcement was made on September 12th, and it has already had a positive impact on Firo’s price, causing a 3% increase.
Binance Support
According to Binance’s official statement, the exchange is actively working to support Firo’s network upgrade and hard fork. Additionally, Binance plans to temporarily suspend FIRO token deposits and withdrawals from September 16th at 04:00 UTC. This pause is intended to ensure a smooth transition during the upgrade, minimizing any potential disruptions for users.
Upgrade Details
The upgrade is scheduled to take place at block height 958,655 and is expected around ...
Market Reaction
News of the upgrade has already had a positive impact on the price of Firo, which has shown a 3% increase. Traders are eyeing the $1.11-$1.12 range as a key support zone.
Binance’s support for the upcoming Firo network upgrade indicates a high level of trust and positive market sentiment towards this cryptocurrency.
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