Author: Victor

It is another good day to be a Bitcoin investor as BTC nears its ATH. Bitcoin has seen its price plunder for the past six months after it hit an all-time high of $64, 863. Just in mid-October, Bitcoin has placed smiles all over the faces of its holders and investors that must have entered the market while the price dropped.  Also, the cryptocurrency market cap went above the $1 trillion mark. The new market cap implies that investors are less fluttered by the news and learned to trust crypto projects. This can be seen with the slight price fluctuations…

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The growth of the crypto space has seen several ecosystems dedicating more incentives to projects. It is no surprise that Binance, the biggest cryptocurrency exchange in terms of daily trading volume, committed $1 billion to the same cause. The crypto exchange announced to further commit $1 billion to boost BSC’s growth. According to a press release from the Binance CEO, Changpeng Zhao; “BSC’s growth has attracted 100 million more DeFi users with just an initial funding of $100 million, with the new contribution of $1 billion, it can disrupt traditional finance and speed up global mass adoption of digital assets…

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On Monday, October 11th, the Wormhole development team announced that the token and NFT bridge platform now supports Binance Smart Chain. Solana’s Wormhole Network launched its Ethereum-Solana bridge in early September, followed by a bidirectional link for NFT collectibles the following week. A lot of SOL users have benefited from the Wormhole Network, which recently exceeded $200 million in total value locked (TVL). According to the Wormhole team’s press release, “We’re thrilled to announce the Wormhole network’s support for @BinanceChain! Starting today, users will be able to bridge tokens and non-fungible tokens across the ETH, SOL, and BSC ecosystems!” The…

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In a recent study, the blockchain analytics platform Nansen examined user behavior on Binance Smart Chain (BSC) and identified the most intriguing patterns. BSC was created as a “parallel blockchain” to Binance Chain, providing programmability and smart contracts to developers interested in launching their tokens on the network, enabling the launch of hundreds of projects, like PancakeSwap (CAKE), Venus (XVS), Auto (AUTO), and Beefy Finance (BIFI). While compatible with the Ethereum Virtual Machine (EVM), the blockchain “was built as a scalable infrastructure capable of handling a high number of low-cost DeFi transactions without sacrificing speed,” which benefits from the wide…

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The NFT market has gained more recognition and usage in the last months. It is no surprise that many top crypto big players have tried to gain the field to them. Even though the OpenSea platform created on the Ethereum blockchain seems to be the major player in the NFT marketplace, it is not the only big player in the sector. Other rivals such as Binance and FTX have also made their intention known to explore the ecosystem. The new player to join the game is Coinbase, and it is not ready to just compete with other players but to…

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Another good day for the NFT market as two top social media platforms Twitter and TikTok work on possible adoptions. Twitter has over 185 million users on its platform, while TikTok has over one billion users. If the adoption is to go as planned for both platforms, then the current buzz around NFTs might just be the tip of the iceberg. This may solve an issue that has plagued crypto Twitter in the past. The popularity of NFTs as profile photos soared when the NFT market bubble burst earlier this year when collections like CryptoPunks went for as much as…

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Shiba Inu’s circulation market capitalization increased to $11.08 billion earlier this week and is now over $10 billion, placing it in the top-20 by market capitalization for the first time. As a consequence, the Dogecoin-inspired meme cryptocurrency outperformed prominent blockchain projects like Stellar, Polygon, and Tron in terms of market capitalization. A tweet from Elon Musk drove up the value of Shiba Inu, increasing its market capitalization. On October 4, the Tesla CEO shared a photo of his Shiba Inu dog with the caption “Floki Frunkpuppy.” SHIB’s share price increased by over 40% within an hour after the tweet. Cryptocurrency investors…

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US Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that authorities in the United States are not considering a ban comparable to the one in China. On October 5th, Gensler informed The House of Financial Services that although there are no intentions to prohibit cryptocurrency, he stressed the importance of tokens that fit the definition of securities being regulated. According to Gensler, the emphasis of the government is on investor and consumer protection legislation, anti-money laundering regulations, and tax laws. SEC’s recent actions against crypto players have led to suspicion that a crypto ban is on the way. Gensler…

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This week, Binance.US made a few staff changes. Brian Shroder, the newly appointed President of Binance.US, has been moved to Chief Executive Officer (CEO). Binance.US has been preparing for a possible IPO in the future. The firm just hired its first lobbyists in Washington and launched deposits and withdrawals of BEP-20 tokens. There is a coordinated effort to have US users ready to comply with any restrictions that may come their way. The US Franchise also selected a new temporary Chief Financial Officer (CFO). For now, Eric Segal will fill in for Joshua Sroge as the search continues for a…

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According to Bukele, El Salvador’s Congress approved the use of bitcoin as legal currency in June and has ordered state-owned geothermal power firm LaGeo to open up its volcanic resources for bitcoin mining. El Salvador is known as the “Land of the Volcanoes” and, according to government figures, geothermal energy already accounts for almost a fourth of the country’s domestic energy output. In an exciting 25-second teaser video released by the President, the video shows a government-branded shipping container filled with bitcoin mining rigs, technicians installing the hardware and plugging in the ASIC miners, along with sweeping landscape aerials showing an energy…

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