Find out why the crypto market is so down. We have explained 8 key reasons to help you understand how crypto (Bitcoin, Ethereum) is crashing. For those who are not aware, cryptocurrency is a type of digital money that has been created with cryptography. There are approximately 8000 types of different cryptocurrencies across the globe now. They have been around for a while now but became extremely popular back when the price of a single Bitcoin touched the price of $20,000 in 2017.
Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade.
Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet.Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits.
Any future deposits of NEP5 ONT will not be credited to users' Binance account, it indicates.Deposits and withdrawals of ONT will be stopped starting July 6 at 9 a.m. UTC.
Users will be notified when the Ontology upgraded network becomes stable and deposits and withdrawals are reopened, says Binance.Key notes about the Ontology 2.0 upgrades of Binance :1.
NEP5-based ONT tokens will no longer be supported on Binance.
Any future deposits of NEP5 ONT will not be credited to your account3.
