Experienced Crypto Miner Falls Victim to Scam, Recovers Funds Through Binance
Experienced Crypto Miner Falls Victim to Scam, Recovers Funds Through Binance
🤯 OG Crypto Pro Gets Scammed
A veteran cryptocurrency miner recently fell victim to a fraudulent online shop, highlighting that even experienced users can be vulnerable to sophisticated scams. Through Binance's Anti-Scam Refund support system, the miner successfully recovered their lost funds.
Recent trends show increasing sophistication in crypto scams, including:
- Fake support tools requesting seed phrases
- Fraudulent online shops targeting experienced users
- Counterfeit Launchpool tokens
Key Safety Tips:
- Never share seed phrases
- Verify all platform authenticity
- Use official channels only
- Enable all security features
Binance Launches Sell to Card Feature for Instant Crypto-to-Fiat Withdrawals
Binance has introduced a new **Sell to Card** feature enabling users to convert cryptocurrency directly to fiat and withdraw to eligible Mastercards with near-real-time availability. Key features: - Simple and secure off-ramping process - Near-instant withdrawals to Mastercard - Complements existing Binance Connect on-ramp options This addition expands Binance's fiat services, which already include buying crypto through cards, Apple Pay, Google Pay, and Pix. [Learn more about Sell to Card](https://www.binance.com/en/support/faq/detail/68ad9df9cbb84d1e9840ac2b61607b0e)
Binance Pool Savings Launches Flexible BTC Mining Rewards Program
Binance has introduced Pool Savings, offering Bitcoin miners a new way to earn on idle mining rewards: - Up to 1.5% APR with daily compounding - No lock-up periods or fees required - Seamless integration with Binance Exchange - Designed to help stabilize mining income during market volatility The program complements Binance's existing BTC staking options, including their recent partnership with Solv Protocol offering up to 2% APR in SOLV rewards. [Learn more about Pool Savings](https://www.binance.com/en/blog/mining/1503121978802882570)
Binance Announces Multiple Platform Updates and New Features
**Key Updates from Binance**: - Binance's Sharia Earn product received certification from Amanie Advisors, ensuring compliance with Islamic finance principles - New app widgets added in July: Alpha Events, Buy/Sell Crypto, Deposit/Withdraw Funds, P2P Price, Chat, Calendar and BTC Valuation - RWUSD launched as a principal-protected Earn product targeting Real-World Assets with up to 4.2% APR - CreatorPad platform maintains creator independence while providing tools and exposure within Binance ecosystem - Community initiatives #AskBinance and #buildwithyou continue to gather user feedback
Bitcoin Network Hashrate Hits Record High of 892 EH/s
Bitcoin's network security reached unprecedented levels as hashrate climbed to **892 EH/s** on August 5, 2025, marking a new all-time high. This milestone follows a strong 50% hashrate growth in 2024, demonstrating sustained network expansion and increased mining participation. - Eighth consecutive rise in hashrate - Indicates growing network security - Reflects increased mining investment *The continued hashrate growth suggests robust network health and growing institutional interest in Bitcoin mining operations.*
Binance Opens Options Writing to All Users
Binance has expanded its trading capabilities by making Options Writing available to all users on the platform. Key updates: - Options Writing now accessible to all Binance users - 20% discount on trading fees introduced - Feature responds to growing retail demand for advanced trading tools Options Writing allows traders to generate potential income by selling options contracts. This expansion marks a significant step in democratizing advanced trading strategies. Learn more: [Binance Options Writing](https://www.binance.com/en/support/announcement/detail/e80dd709384244719e653c1e9d1541c2)