Author: Ranjan Yadav

Thinker. Reader. Learner. Writer. Informed. Rebel.

Amending its Central Bank Law soon, Iran is planning to trial a ‘National Cryptocurrency.’ The Central Bank of I. R. Iran (CBI) is bracing to test a digital currency soon (reforming the relevant governing legislation). In a lawmakers’ meeting, while addressing the reporters, CBI’s Governor Ali Salehabadi was quoted by IRIB News and Financial Tribune, saying: The pilot trial will start, once the Money and Credit Council approves it. The nuances associated with launching a national digital currency are being studied by central bankers of Iran, noted the Governor. Earlier, a 15 May 2021 CBI press release indicates the then…

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Letitia James, the New York (NY) Attorney General (AG) has directed 2 cryptocurrency lending platforms towards closing down their operations. The NYAG has also instructed, via a letter, 3 other platforms to participate in a Q&A pertaining to their operations. The cease and desist (C&D) order letters, now redacted, per the AG’s website, suggested the two platforms to be Nexo and Celsius Network. Per the argument by NYAG James, virtual currency lending products (VCLPs) are termed as securities within the Martin Act of NY State. In the State of New York (NY), lending platforms need to get registered with the…

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Binance cryptocurrency exchange’s native Binance Coin’s (BNB) 17th (quarterly) burn has just concluded. Following the event, 1,335,888 BNB (or US$639,462,868) are now removed from circulation. Further, as for the BNB Pioneer Burn Program, in the current burn phase, 17,839 BNB coins are now burned. Source: Binance Blog Burn events essentially make cryptocurrencies taken out of circulation on a permanent basis, to decrease supply and augment price. These developments have led BNB’s total supply to decrease from 168,137,036 BNB to 166,801,148 BNB. This burn event is done under the purview of the quarterly BNB burning commitment of Binance. The said event…

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Binance Labs has initiated a strategic investment in a Binance Smart Chain (BSC) powered Biswap, a DEX and an automated market maker (AMM). Biswap is one among the various winners of the BSC’s Most Valuable Builder (MVB) II initiative. The MVB II initiative is a global program that motivates BSC developers and BUIDLers. The strategic investment in question would assist in boosting BSC’s growth prospects, whereas BSC would ensure fulfilment of Biswap’s vision: furthering “freedom of exchange.” The synergy of collaborating would bring enhanced services and products’ quality, sharpening technological growth, and assisting in global expansion. Per a recent Binance…

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The Securities and Exchange Commission’s (SEC) recently permitted the very first U.S. bitcoin futures exchange-traded fund. Since then, the price of Bitcoin has gone on to record an all-time high (ATH) of US$ 66,974.77, as of this writing. The BTCB (Binance Smart Chain-pegged BTC tokens) rewarding BitUp rebase token is immensely benefitting from the upward BTC trend. BitUp is a unique automatic rebasing token programmed for a sustainable upward trend, giving its holders rewards in BTC. BitUp is shining just at the right time as it soared 1200% on the Binance Smart Chain (BSC) in a day after a stealth…

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Lonsdale Energy x MintGreen Ink Contract for “innovative low-carbon heating solution.” North Vancouver (B.C., Canada) accounts for a hydronic district energy system heating over 100 residential and commercial buildings. Now, the City-owned, acclaimed district energy utility, Lonsdale Energy Corporation (LEC), will decarbonize to embrace renewable and clean energy. Innovative new technologies will now be used by the LEC to implement bitcoin mining as a heat source for the district energy system with MintGreen. Per a PRNewswire press release, LEC and MintGreen have entered into a contract. MintGreen’s Digital Boilers will now “prevent 20,000 tonnes of GHGs” from mixing with the…

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Gitcoin.co’s DEFI & Cross-Chain Interoperability Hackathon is scheduled to run from October 18, 2021 to November 8, 2021. Binance Smart Chain (BSC) is set to join the said hackathon event under the auspices of its recently announced US$1 Billion Growth Fund for BSC and the blockchain industry. An AMA session for the US$1 billion Growth Fund is scheduled for 27th October, 2021. Gitcoin.co is courtesy of Gitcoin (“Build and Fund the Open Web Together.”) Gitcoin platform builds remote-friendly, open-source communities via bounties, hackathons, grants, etc. Gitcoin’s tools appeal to developers and entrepreneurs globally to develop products and infrastructure, shaping blockchain…

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“Love GameFi? Submit your project here.” Prize pool: US$70,000, 18 – 31 October, 2021 The GameFi industry began thriving in 2021 after Binance Smart Chain (BSC) emerged as a vital tool for Play-to-Earn (P2E) developers—courtesy of BSC’s affordable and swift transactions. Binance is willing to onboard “talented developers from Easter Europe.” Developers in-demand are the ones leveraging all advantages of BSC for their projects whilst supporting the ones that are promising. This led Binance to undertake a Central Eastern Europe (BSC) GameFi hackathon. Binance cryptocurrency exchange’s (CEX) BSC GameFi Hackathon now has BeInCrypto as its official partner. Binance is set…

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“The Portal is Open.” Solana’s interoperability protocol Wormhole (communication bridge) now supports Binance Smart Chain (BSC). It’s worth noting that APYSwap earlier introduced the “first-ever” BSC-to-Solana bridge in May 2021. Wormhole already supports ETH-to-SOL token and NFT bridge. As of this writing, Wormhole accounts for over US$251 million in Total Value Locked (TVL). Now, Wormhole V2 is entering the acclaimed network of the omnipresent Binance Smart Chain. Ethereum and Solana ecosystem users can now bridge their wrapped tokens easily across Ethereum, Solana, and now BSC. Hendrik Hofstadt, Director, Special Projects, Jump Crypto (ex-co-founder Certus One, a principal Wormhole contributor), said:…

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First-ever DEX integrating Spots and Derivatives on the Binance Smart Chain (BSC), SheepDEX is poised “to be decentralized Binance.” A concentrated liquidity DEX, Certik-audited SheepDEX is about to alter your DEX trading experience. Launched officially on October 10, 2021, SheepDex is a new player in the DeFi game. Still, it is already well-acknowledged as a key project in the entire BSC ecosystem. SheepDEX has developed various innovative functions, making triple incentives available to users. Decentralized SheepDEX’s efficient and exclusive features still unavailable in BSC include: Range OrdersFlexible FeesMultiple LP RewardsLow FeesCross-chain CompatibilityOrder Splitting SheepDEX is a cross-chain liquidity aggregation platform…

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