Category Archives: Binance Smart Chain
Latest crypto news on Monero, Ripple and BNB – The Cryptonomist
Continuing our column with analysis of the crypto world, focusing on news and prices of digital assets, today we focus on Monero, Ripple and BNB.
Lets start with Monero, the current price is US$142.94, with a market capitalization of US$2.6 billion.
Over the past 24 hours, the transaction volume was US$96.8 million, while the circulating supply of Monero is 18.3 million XMR. The all-time high recorded by Monero was US$517.62, nearly 5 times more than the current price.
In the span of seven days, Monero recorded a positive change of +2.95%, we cannot call it a substantial increase, but it is still a positive figure.
Lets continue with Ripple, the current price of XRP is US$0.50, with a market capitalization of US$26.7 billion. Over the past seven days, XRP has seen a negative change of -1.52%.
Over the past 24 hours, the transaction volume was $1.1 billion, while the circulating supply of XRP is 53.0 billion XRP. The average holding time for XRP is 48 days, reflecting some stability in its distribution.
Currently, Ripple (XRP) is ranked fourth in terms of popularity in the cryptocurrency market.
The all-time high recorded by Ripple was US$3.84.
Finally, BNB: The current price of Binance Coin (BNB) is US$214.82, with a market capitalization of US$33.1 billion.
Over the past 24 hours, the transaction volume was US$463.5 million, while the circulating supply of BNB is 153.9 million. The all-time high recorded by Binance Coin was US$690.93.
In the seven-day period, Binance Coin recorded a minimal change of -0.03%.
This data reflects the dynamics of the cryptocurrency market, which is characterized by significant price fluctuations. But now let us turn to the most important news that characterized the prices and statistics in question.
In a recent twist in the cryptocurrency world, XRP lawyer John Deaton and Ripples Chief Legal Officer (CLO) Stuart Alderoty are celebrating what they consider a significant victory over the US Securities and Exchange Commission (SEC).
Their jubilation stems from a recent court ruling that marked a substantial setback for the SEC in its case against Grayscale, and prompted Deaton to label the agency as transient regulators.
Deaton, a prominent XRP supporter and critic of the SECs actions, argues that the SECs recent court defeat highlights its changing and unpredictable regulatory posture.
According to him, the agencys approach has been far from consistent, generating confusion in the cryptocurrency industry.
The root of this legal battle can be traced back to the SECs lawsuit against Ripple Labs, which claimed that the companys sale of XRP tokens constituted an unregistered securities offering.
One of the key points in this ongoing saga has been the SECs expectation that Ripple would settle with regulators to resolve the issue. However, Ripple vehemently opposed this course of action, resulting in a lengthy legal battle.
Stuart Alderoty, Ripples CLO, commented on the situation, emphasizing the role of prosecutors in limiting the SECs reach.
He argues that the courts ruling that the SECs actions were illegal is a clear indication that the agencys authority should not extend beyond reasonable limits.
The recent court ruling, which favored Grayscale, underscores the challenges the SEC faces in maintaining its regulatory dominance in the cryptocurrency space.
The circuit judge of the US Court of Appeals Neomi Rao dealt a blow to the SEC, stating that the rejection of Grayscales claims was erroneous.
This court victory was celebrated not only by XRP supporters, but also by the broader cryptocurrency community, as it raises questions about the SECs approach to regulating digital assets.
Deaton and Alderotys comments serve as a reminder that regulatory clarity and consistency are essential to the healthy development of the cryptocurrency industry.
In a dramatic twist in the cryptocurrency sphere, a cryptocurrency wallet associated with the BNB Smart Chain exploit faced a substantial setback, with three of its positions liquidated in a sudden market crash that saw the price of Binance Coin (BNB) plummet below the $220 mark.
This market crash triggered a cascade of liquidations among various traders. What makes this incident particularly noteworthy is its connection to the infamous BNB Smart Chain exploit, which had previously led to the theft of an astonishing sum of nearly $600 million in BNB tokens.
The exploit, which occurred on 6 October, resulted in the suspension of the crossbridge of the BNB Smart Chain blockchain network. This exploit allowed the cunning attackers to steal as many as 2 million BNB tokens, a sum that was equivalent to as much as $568 million at the time of the theft.
The sheer audacity of this breach reverberated throughout the cryptocurrency community.
However, the story took another turn on 18 August, when a cryptocurrency wallet linked to the exploit found itself in a precarious position.
With collateral assets exceeding $53 million, the wallets assets were ruthlessly liquidated on the cryptocurrency lending platform known as Venus Protocol, as revealed by blockchain security firm PeckShield.
It appears that the hacker responsible for the exploit used these illicit tokens as collateral for a 30 million Tether (USDT) loan on the protocol, a bold move that ultimately led to a substantial loss in the ensuing market turmoil.
This incident serves as a reminder of the volatility and unpredictability that characterizes the cryptocurrency market. While the cryptocurrency landscape is rich in opportunity, it also presents significant risks.
As the cryptocurrency community grapples with security challenges and strives to find more secure and transparent solutions, this incident is a testament to the ever-evolving nature of the digital asset ecosystem, where fortunes can change in the blink of an eye.
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Latest crypto news on Monero, Ripple and BNB - The Cryptonomist
Top 10 European Blockchain Companies: Reshaping Industries … – Cryptopolitan
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In the advancing world of blockchain technology, European blockchain companies have emerged as a hub for innovation and advancement. This article sheds light on the vanguard entities that are reshaping industries through cutting-edge blockchain solutions. From pioneering startups to established players, these companies span various sectors, including finance, supply chain, healthcare, and more. Exploring their Read more
In the advancing world of blockchain technology, European blockchain companies have emerged as a hub for innovation and advancement.
This article sheds light on the vanguard entities that are reshaping industries through cutting-edge blockchain solutions. From pioneering startups to established players, these companies span various sectors, including finance, supply chain, healthcare, and more.
Exploring their contributions, technologies, and impact on the global blockchain ecosystem, we uncover how these companies are driving transformation, fostering decentralization, and redefining traditional paradigms. Join us as we explore the narratives of these remarkable European enterprises that are harnessing the power of blockchain to usher in a new era of transparency, security, and efficiency.
The European Commission acknowledges the significance of legal clarity and well-defined regulations in relation to applications based on blockchain technology. The EU is firmly in favor of establishing uniform regulations across its member states to prevent fragmentation in the legal and regulatory landscape for blockchain. To achieve this, the Commission has introduced a comprehensive set of legislative proposals designed to regulate crypto-assets. The primary goals are to attract investments, ensure the protection of consumers and investors, and update financial market rules for crypto-assets.
The legislative package involves updates to financial market regulations concerning crypto-assets and introduces a legal framework for regulatory sandboxes overseen by financial supervisors within the EU. These sandboxes are intended for the experimentation and implementation of blockchain technology in securities trading.
Additionally, the European Central Bank (ECB) and the European Commission are collaborating to examine the feasibility of introducing a digital Euro. This is being explored within the context of their respective mandates and independence as outlined in the Treaties.
For crypto-assets categorized as financial instruments under existing directives, the Commission has proposed a pilot regime to facilitate trading and settlement using blockchain technology. This regime allows for exemptions from existing rules, encouraging innovation and testing of blockchain-based solutions. For crypto-assets that do not fall under the financial instruments category, a distinct regulatory framework has been proposed. This framework would replace current EU and national regulations governing the issuance, trading, and custody of such assets.
The Markets in Crypto-Assets Regulation (MiCA) aims to promote innovation while safeguarding consumers and maintaining the integrity of cryptocurrency exchanges. The proposed regulation covers entities that issue crypto-assets, businesses offering related services, digital wallet operators, and cryptocurrency exchanges. The regulation includes provisions against activities like insider trading and front-running.
Furthermore, there are plans for a pan-European blockchain regulatory sandbox facilitated by the European Blockchain Partnership in collaboration with the European Commission. This sandbox will bring together regulators, companies, and technology experts to test innovative solutions and identify challenges in their implementation. It is envisioned for use cases both within and outside the European Blockchain Services Infrastructure (EBSI), spanning sectors such as health, environment, mobility, and energy. The expected launch of this sandbox is set for 2021/22.
OpenLedger is a pioneering startup specializing in the development of its own blockchain applications across widely used blockchain platforms. The company not only offers cutting-edge blockchain technology but also provides comprehensive development services. With its inception dating back to 2014, OpenLedger boasts a wealth of experience and proficiency in the field of blockchain technology, resulting in a substantial client base that holds high levels of satisfaction.
This firm possesses the capability to craft decentralized initiatives on existing blockchain networks or even construct entirely novel blockchains using the OpenLedger framework.
Derived from the Finnish term ghost, Aave is a revolutionary non-custodial Ethereum protocol designed for decentralized lending and borrowing. This open-source framework introduces the issuance of aTokens, compliant with the ERC20 standard, to lenders in a mirrored 1:1 proportion to the assets they contribute.
An interesting feature is that interest begins compounding instantly, observable through a continuous augmentation in the quantity of aTokens possessed by the lender. This interest stream is distinct from the aTokens representing the initial principle and can be directed to any designated address.
One of Aaves notable offerings is the concept of flash loans, which entail trustless, uncollateralized loans necessitating borrowing and repayment within the same transaction. This particular function, tailored towards developers, has the potential to spawn novel DeFi (Decentralized Finance) applications.
With the surging ubiquity of blockchain-based transactions, lending, and borrowing in the impending years, Aave emerges as a startup deserving of vigilant observation. Its innovative approach holds promise as the landscape of decentralized finance continues to evolve.
Ledger specializes in providing hardware wallets and security solutions for storing cryptocurrencies and digital assets. Founded in 2014 and headquartered in Paris, France, Ledger has become a prominent player in the cryptocurrency industry, offering products designed to enhance the security of cryptocurrency holdings and transactions.
Ledgers flagship product is the Ledger Nano series, which includes hardware wallets like the Ledger Nano S and the Ledger Nano X. These hardware wallets are small, portable devices that store users private keys offline, providing a secure way to store and manage cryptocurrencies. The devices are designed to protect against various types of cyber threats, such as hacking and malware attacks, that can compromise the security of online wallets and exchanges.
In addition to hardware wallets, Ledger offers software solutions like Ledger Live, a desktop and mobile application that allows users to manage their cryptocurrency holdings, track their portfolio, and perform transactions in a user-friendly interface.
One of the key features that sets Ledger apart is its emphasis on security. The hardware wallets are designed with robust encryption and tamper-proof features to prevent unauthorized access to private keys. This offline storage approach, often referred to as cold storage, is considered one of the safest methods for storing cryptocurrencies.
As of my last update in September 2021, Ledger had gained a significant user base and was recognized as a leading provider of hardware wallet solutions for crypto enthusiasts and investors. However, I recommend checking the latest sources for any updates on the companys products, services, and developments beyond September 2021.
DappRadar is a company that focuses on providing data and analytics for decentralized applications (Dapps) in the blockchain space.
Founded in 2018 and headquartered in Lithuania, DappRadar has become a prominent player in the cryptocurrency and blockchain industry by offering insights and information about Dapps across various blockchain platforms.
DappRadar tracks and monitors a wide range of decentralized applications across multiple blockchains, including Ethereum, Binance Smart Chain, and more. This tracking allows users to gain insights into the popularity, usage, and trends of various Dapps.
It provides users with comprehensive market intelligence and data analysis related to Dapp usage, transaction volumes, user engagement, and more. This information can be valuable for investors, developers, and enthusiasts looking to understand the Dapp ecosystem better.
DappRadar employs mechanisms to filter out fake and irrelevant activities within the Dapp ecosystem. This helps users access accurate and reliable data, enhancing transparency and trust in the space.
Users can create and manage their cryptocurrency portfolios within the DappRadar platform. This feature allows individuals to monitor their investments and Dapp-related activities in one place.
DappRadar ranks Dapps based on their usage, transaction volumes, and other relevant metrics. These rankings can help users discover popular and promising Dapps.
Elrond is a blockchain technology company that aims to provide a highly efficient and scalable blockchain infrastructure.
Founded in 2017 and headquartered in Romania, Elrond seeks to address some of the scalability and performance challenges that traditional blockchain networks face. The companys primary focus is on developing the Elrond Network, a blockchain platform designed to offer fast transaction speeds, low fees, and robust security.
Elronds innovative approach to blockchain scalability, high throughput, and fast transactions has garnered attention within the blockchain community. The company seeks to provide a user-friendly and efficient blockchain platform that can be utilized for a wide range of applications, from financial services and decentralized finance (DeFi) to gaming and supply chain management
IOTA Foundation is headquartered in Berlin, Germany and is a technology company that focuses on developing a decentralized, feeless, and scalable distributed ledger technology (DLT) called the IOTA Tangle. Unlike traditional blockchain systems, the IOTA Tangle does not rely on a chain of blocks but rather uses a unique directed acyclic graph (DAG) structure.
Key features of the IOTA Tangle include its scalability and ability to handle a growing number of transactions more efficiently. Unlike conventional blockchains, as more transactions are added, the Tangle becomes faster and more secure due to its inherent parallelism. The Tangles architecture is particularly suited for Internet of Things (IoT) devices, enabling feeless microtransactions and secure data transfer.
The IOTA Tangle aims to address challenges like transaction fees and scalability present in traditional blockchains. By eliminating fees and promoting scalability, it offers a platform for various applications, including supply chain management, digital identity verification, and data integrity in sectors requiring fast, secure, and feeless transactions. While the Tangle has faced technical critiques, the IOTA Foundation continues to develop and refine the technology, reflecting its commitment to pushing the boundaries of distributed ledger systems.
IOTAs unique approach to distributed ledger technology, with its Tangle structure and focus on feeless microtransactions, has attracted attention from both the blockchain and IoT communities.
The IOTA Foundation continues to drive research, development, and partnerships to realize the potential of its technology across various industries.
It was established in 2016 in Leuven, Belgium, by Matthew Van Niekerk and Roderik Van der Veer. Having secured over 5 million in funding, SettleMint aims to democratize blockchain integration in the future business landscape.
The company provides infrastructure that simplifies the design, construction, and integration of blockchain applications through a proprietary low-code solution called BPaS (Blockchain as a Service). This allows companies to swiftly transition from conceptualization to the implementation of blockchain applications, reducing complexity and expediting development.
The company is headquartered in London and founded in 2015 and is dedicated to facilitating the safe adoption of blockchain across various sectors including traditional financial institutions, governments, regulators, and individuals.
It offers anti-money laundering (AML) solutions tailored for virtual currencies and blockchain participants. This empowers financial institutions and regulators to engage confidently in the cryptocurrency domain.
The company has introduced its own token, AMLT, which incentivizes users to report fraudulent activities. Coinfirms funding rounds have amassed around 5 million, with recent funding being secured earlier this year.
Limechain, based in Sofia, Bulgaria, was established in 2017 by Nick Todorov, Vladislav Ivanov, George Spasov, and Chris Veselinov. This startup specializes in providing blockchain solutions for both startups and established corporate entities. Its services include blockchain development, smart contract creation, ICO (Initial Coin Offering) support, and crowd sale facilitation.
LimePay, a significant offering, is a SaaS platform enabling end-users to carry out transactions for decentralized applications (dApps) using fiat money, obviating the need for crypto wallets. The company has prominent clients such as Procter & Gamble, Raiffeisenbank, and Vaultitude.
It was established in Estonia in 2017, is a global healthcare blockchain technology company. Its platform enhances transparency and reduces bureaucracy in healthcare systems by coordinating medical care, benefits, and payments.
The platform operates natively on the Ethereum blockchain and uses the ERC20 token standard. With a strong community of specialists and advisors, Solve.Care has raised 26.7 million.
In the dynamic landscape of blockchain innovation, the above named European blockchain companies stand as exemplars of ingenuity, collaboration, and transformative impact. Their visionary endeavors have transcended geographical boundaries, contributing to the global advancement of blockchain technology. Through ingenious solutions, these companies have revolutionized sectors ranging from finance to healthcare, proving that blockchains potential knows no bounds.
As Europe continues to foster a thriving ecosystem of innovation, these companies serve as beacons of inspiration for both established players and aspiring startups. With a shared commitment to transparency, security, and decentralization, these European trailblazers are not only shaping industries but also shaping the very fabric of our digital future.
As the blockchain landscape evolves, their contributions will undoubtedly continue to shape and reshape the possibilities of what this revolutionary technology can achieve on a global scale.
Cryptocurrencies are legal in most European countries. However, the legal status can vary from country to country, with some nations embracing cryptocurrencies, while others impose restrictions or warnings about potential risks.
The ECB views cryptocurrencies with caution due to concerns about consumer protection, financial stability, and potential risks associated with their use. However, the ECB has also explored the concept of central bank digital currencies (CBDCs) and their potential benefits.
The EU takes a mixed approach to cryptocurrency regulation, with different member states implementing varying regulations. The EU's Fifth Anti-Money Laundering Directive (5AMLD) has brought cryptocurrency exchanges and wallet providers under anti-money laundering (AML) and know-your-customer (KYC) regulations to combat potential illicit activities.
The European Blockchain Partnership aims to establish a collaborative framework among EU member states to support the development and adoption of blockchain technology across various sectors, fostering innovation and cross-border interoperability.
Yes, many European countries are supportive of blockchain startups and innovation. Governments and institutions provide grants, funding, and regulatory sandboxes to encourage the growth of blockchain-based businesses.
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Top 10 European Blockchain Companies: Reshaping Industries ... - Cryptopolitan
Binance extends support to BNB Smart Chain (BEP20) – CryptoNewsZ
Binance has announced that it will support the network upgrade and hard fork of BNB Smart Chain. The starting time stated in the announcement is August 30, 2023, 7:30 UTC. Deposits and withdrawals will be suspended 15 minutes before that, to be resumed when the network is deemed stable for operations.
The time translates to a BNB Smart Chain block height of 31,302,048. This will not affect the trading of tokens, for they will continue to function as usual. All the technical aspects of the upgrade and hard form will be handled by Binance, not resulting in any kind of new token generation.
Users will have to track the activity to know that the network has resumed deposits and withdrawals. Binance will not publish another announcement related to the same.
Simply put, users can continue trading tokens on the network, but they cannot undertake deposit and withdrawal functions till the network has gained the required stability. Binance will handle technical requirements for BNB SMart Chain (BEP 20); however, it will not inform its customers about the time when they can start making deposits and withdrawals.
Meanwhile, Binance has published a notice to inform the community that select liquidity pools have been removed from Binance Liquidity Swap. The change goes into effect on September 01, 2023, at 04:00 UTC. This has come to light after Binance conducted a periodic review of liquidity pools that are listed on the platform.
The core objective is to enhance the experience of users and make sure that they are safe no matter the circumstances. Optimized trading experience helps retain existing customers and attract new ones. Not just trading experience but price and slippage have also been taken into consideration while performing the review.
Some of the liquidity pools that are getting off the platform are:-
Users holding the listed assets will automatically receive the assets in Spot Wallet sometime around 04:00 UTC on September 01, 2023. It will not affect the trading experience of corresponding pairs on the platform. Other liquidity pools will remain available for trading purposes.
Binance has mentioned in the announcement that users can choose to redeem their assets before the first day of the next month. Those who do not exercise this option will see their deposits getting calculated at the composition ratio that prevails at that time.
There is no immediate need to slip into the web version of Binance for those who have access to the mobile application of Binance. They can simply head over to the Android or iOS application of the platform to execute the desired action. Binances mobile application carries the same seamless UI that the web version has.
August 30, 2023, will see Binance extend its support to BNB Smart Chain (BEP20) Network Upgrade and Hard Fork.
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Binance extends support to BNB Smart Chain (BEP20) - CryptoNewsZ
Binance Smart Chain Gears Up for Hertz Hard Fork: Temporary Pause on Token Transactions – The Currency Analytics
Binance, a prominent player in the realm of cryptocurrencies, is poised to usher in a significant transformation that could reshape the landscape of digital assets. The exchange has revealed its strategic move to temporarily suspend deposits and withdrawals for all tokens built on the BNB Smart Chain, a decision that marks a crucial step in the run-up to the eagerly anticipated network hard fork dubbed Hertz. This development, set against the backdrop of 2023, has already generated waves of anticipation as one of the most awaited technological advancements of the year.
The move by Binance to halt transactions on the BNB Smart Chain is not only a nod to the impending technological upgrade but also a reflection of the platforms commitment to evolving with the dynamic nature of the cryptocurrency ecosystem. This calculated step underscores the necessity for users and stakeholders to stay abreast of the upcoming changes and their implications.
A pivotal facet of the impending transformation lies in the Hertz hard fork, an event slated to introduce a series of eight critical updates to the BNB Smart Chain. This alignment with Ethereums prominent network hard forks, such as London and Berlin, is a testament to Binances concerted efforts to stay at the forefront of industry innovations. The adoption of key features from Ethereums playbook underscores Binances proactive approach in enhancing the efficiency and effectiveness of its blockchain network, aiming to elevate the overall user experience.
The countdown to the transformative event is marked by a significant milestone: the BNB Smart Chain network upgrade and Hertz hard fork are set to occur at block height 31,302,048. As per the meticulously outlined timeline, this pivotal block is scheduled for seamless incorporation at approximately 7:30 a.m. (UTC) on August 30, 2023. The precision of this timing is essential, as it ensures a smooth transition during a critical juncture.
To facilitate this seamless transition, Binance has deemed it necessary to temporarily halt deposits and withdrawals of tokens on the BNB Smart Chain. This precautionary measure, implemented 15 minutes before the activation of the hard fork, is a strategic move to safeguard the stability and integrity of the network during this transformative process.
The temporary suspension of deposits and withdrawals serves as a testament to Binances dedication to responsible platform management, focusing on user security and network stability. The exchanges decision to align itself with Ethereums approach to network upgrades underscores its commitment to innovation and progress, key values that underpin the cryptocurrency ecosystem.
The broader cryptocurrency community has reacted positively to Binances proactive strategy. Industry analysts and experts have lauded the exchanges initiative to draw inspiration from Ethereums successful playbook. By infusing Binances blockchain network with pivotal features inspired by Ethereums model, the BNB Smart Chain is poised to emerge as a more sophisticated and robust ecosystem.
As the clock ticks closer to the much-anticipated Hertz hard fork, it becomes imperative for all stakeholders to be well-informed and prepared. By marking calendars and staying attuned to official communications from Binance, participants can position themselves to capitalize on the opportunities that this transformative upgrade might usher in.
In the grand tapestry of the cryptocurrency universe, Binances decision to pause deposits and withdrawals on the BNB Smart Chain in preparation for the Hertz hard fork is a clear demonstration of its leadership in fostering innovation. The exchanges commitment to aligning with industry advancements and adopting best practices is a testament to its vision of creating a resilient and efficient blockchain ecosystem.
In conclusion, the impending Hertz hard fork represents a significant leap forward for Binance and the broader cryptocurrency landscape. With the temporary suspension of deposits and withdrawals, Binance demonstrates its dedication to ensuring a seamless and successful transition. As the crypto community eagerly awaits the transformative event, proactive engagement, and staying informed will be key to harnessing the potential benefits that the upgrade promises to bring.
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Binance Smart Chain and BNB Doomed? Is Borroe the Polygon … – Analytics Insight
As DeFi projects and the global crypto markets face turbulence, Binances native token (BNB) has taken a hit due to regulatory concerns. But amidst this uncertainty, a new blockchain ICO is gaining significant attention Borroe ($ROE), one of the top crypto coins that could reshape the Web3 landscape.
Amid the recent challenging events experienced in the crypto market, a new AI-powered Web3 platform with immense potential is stepping into the spotlight Borroe Finance and its native altcoin, $ROE.
While traditional financial institutions are battling with challenges in this evolving digital age, Borroes innovative offerings and approach are captivating the attention of beginner cryptocurrency investors and veterans alike.
As the crypto market undergoes a transformation, the significance of DeFi companies like Borroe becomes more apparent.
The Borroe presale is in full swing, and with each passing day, the excitement around it intensifies. In the ongoing Stage 1 of the presale, Borroes $ROE altcoin price is pegged at just $0.0125 each, making it an attractive proposition for early investors.
Notably, the recently concluded Beta Stage was a massive success and quickly sold out. With Stage 2 on the horizon, the price of $ROE will increase to $0.015, and the opportunity to get on board is still ripe.
Investors confidence in the Borroe project is evident, as they eagerly participate in its unique blockchain ICO. This early support is a testament to the belief in Borroes ability to redefine the Web3 financing landscape.
The team behind Borroe is composed of seasoned experts, including Michael Price, a former VP at xe.com, and Maxim Prishchepo, a blockchain expert with a deep understanding of various crypto facets.
At the heart of Borroes appeal is its pioneering fusion of Non-Fungible Tokens (NFTs) and Artificial Intelligence (AI). This unique combination creates a dynamic ecosystem where businesses can leverage their future revenues to access immediate funding.
The Borroe marketplace facilitates the minting and sale of NFTs, representing future income streams.
The platforms AI-driven risk assessment ensures a fair and transparent process, driving efficiency and security. Borroes innovative approach addresses the funding woes faced by Web3 businesses, paving the way for a new era of financial access.
Through this forward-thinking model, Borroe empowers content creators, cool NFT artists, musicians, and more to overcome cash flow challenges and fuel their growth.
For investors, transparency is paramount. Borroe has taken this to heart by subjecting its smart contract to a rigorous audit by BlockAudit.
The results speak for themselves a secure and reliable foundation for investors to engage with. The smart contracts address is publicly accessible, providing a level of transparency that fosters trust in the community.
Borroe Finance stands out as a project committed to compliance and best practices. The teams dedication to seeking regulation where possible positions it as a reliable point of entry for investors seeking the best crypto to invest in now.
Despite the broader markets bearish sentiment, savvy investors recognize opportunity amid the chaos.
Analysts and Web3 enthusiasts see $ROE as one of the best cryptos to buy. As institutional and retail investors strategically position themselves, $ROEs potential to deliver significant returns becomes all the more enticing.
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The current market condition has been characterized by regulatory concerns and Binances troubles with the U.S. Securities and Exchange Commission (SEC) have sent shockwaves through the crypto landscape.
BNBs value has plummeted to a three-month low, reflecting the uncertainties surrounding the exchange and the broader crypto landscape. The industrys top crypto coin, Bitcoin, hasnt been immune either, with its price dipping below the critical $26,000 threshold recently.
In contrast to BNBs struggles, Borroe Finances emergence represents a dynamic shift toward decentralized financial empowerment.
Borroes transformative platform not only addresses the shortcomings of traditional financing systems but also showcases the resilience and adaptability of the crypto space.
As BNB altcoin price grapples with regulatory woes, Borroes innovative paradigm stands ready to bolster the Polygon network, bringing new hope and optimism to the entire crypto community.
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Binance Smart Chain and BNB Doomed? Is Borroe the Polygon ... - Analytics Insight
Ethereum, Binance and Bitgert: A Comparative Analysis of Crypto Giant | Mint – Mint
Heres a comparative analysis of the latest developments happening in Ethereum, Binance and Bitgert networks and how they can affect the prospects for investors.
Ethereum is the second-largest cryptocurrency by market capitalization and the most popular platform for decentralized applications (DApps) and smart contracts. Ethereum has been undergoing a major upgrade called Ethereum 2.0, which aims to improve its scalability, security and efficiency. Ethereum 2.0 introduces a new consensus mechanism called proof-of-stake (PoS), which rewards users for staking their ETH tokens and validating transactions on the network. The latest news on Ethereum has been of OnlyFans. OnlyFans, a popular content subscription platform, has diversified its investment portfolio with Ethereum, signaling its confidence in the future of Ethereum network. On the other hand, Ethereum staking is flourishing while the value of DeFi assets is shrinking, indicating a shift in investor preferences. However, Ethereum is also facing some challenges, such as high gas fees, network congestion and competition from other platforms. Ethereum price is facing a strong resistance near $1,620 and Ethereum could correct lower in the near term.
Binance is the largest cryptocurrency exchange by trading volume and one of the most influential players in the industry. Binance offers a variety of services, such as spot trading, futures trading, margin trading, lending, staking, savings and more. Binance also has its own native token called Binance Coin (BNB). Binance Coin can be used to pay for fees, access exclusive features and participate in token sales on the Binance Launchpad platform. Binance has been expanding its global presence and launching new products, such as Binance Smart Chain (BSC), a blockchain platform that supports smart contracts and interoperability with Ethereum. However, Binance is also facing some regulatory hurdles. Binance is considering exiting Russia amid growing pressure from authorities. Additionally, one of Binances affluent partner, Mastercard announced that it is terminating its partnership with Binance for its crypto card program in Europe. Mastercard and Binance have mutually agreed to end their crypto card partnership due to compliance issues.
Bitgert is a rising star in the cryptocurrency industry, offering a unique platform that combines social trading, copy trading and P2P exchange. Bitgert allows users to follow and copy the trades of top-performing traders on Bitgert platform, as well as trade directly with other users without intermediaries or fees. Bitgert also has its own native token called BRISE. Bitgerts BRISE can be used to access premium features, reduce trading fees and earn rewards on the platform. Bitgert has recently announced the launch of its P2P exchange service, which will allow users to buy and sell cryptocurrencies with fiat currencies or other cryptocurrencies using various payment methods. This will increase the liquidity and accessibility of Bitgert's platform and attract more users and traders. Bitgert's P2P exchange launch can also pump the price of Bitgert (BRISE) token, as more demand and utility for the token will drive up Bitgerts value.
In conclusion, Ethereum, Binance and Bitgert are three of the most prominent players in the cryptocurrency industry, each with their own strengths and weaknesses. Investors should keep an eye on their performance and developments, as they can have a significant impact on the market. Bitgert's P2P exchange launch is especially noteworthy, as it can boost the growth and adoption of Bitgert's platform and BRISE token. To learn more about the Bitgert network, visit Bitgert.com.
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The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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Ethereum, Binance and Bitgert: A Comparative Analysis of Crypto Giant | Mint - Mint
Altcoin Opportunities: Binance Coin, Elonator, and Cardano in the … – Tekedia
Altcoin season in the world of cryptocurrencies offers a wide range of benefits for committed investors. Three well-known cryptocurrencies have developed as enthusiasts look for chances to make substantial earnings using cryptocurrencies. In this side-by-side article, we explore the intriguing worlds of Binance Coin (BNB), Elonator (ETOR), and Cardano (ADA) while examining their key characteristics, operating systems, and market potentials. Learn about these fascinating cryptocurrencies and obtain a tactical perspective that will enable you to negotiate the cryptocurrency market. Its time to see who is ready to take home the ultimate crypto crown.
This cryptocurrency isnt just any old cryptocurrency; it beats at the center of the Binance ecosystem. Consider Binance Coin as your golden ticket to lower trading commissions; it is a veritable knight in shining armor for traders on the prowl. Binance Coin stands as a trailblazing force in the altcoin season, exemplifying its prowess as a utility token within the renowned Binance ecosystem.
BNB has solidified its position by offering discounted trading fees, making it an attractive choice for traders seeking cost-efficient transactions. Moreover, the tokens use extends beyond trading, as it powers Binance Smart Chain (BSC), a platform that hosts decentralized applications (DApps) and smart contracts akin to Ethereum. BNBs journey began in 2017 through an Initial Coin Offering (ICO); since then, it has experienced remarkable growth. The coins value proposition lies in its multifaceted utility, bridging the gap between traditional finance and the crypto landscape. Its potential for sustainable growth is underpinned by its expanding ecosystem and continuous innovations.
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The price of the Binance coin is $243.80 at the moment, and there were $485,878,384 transactions. A surge in Binance Coin indicates that the coin is quickly gaining market share and, more importantly, that demand is rising. The Binance currency is moving in the direction of the bull, but it has not yet begun. The demand for the Binance exchange and BSC are the variables that will cause this coin to go through a bull run. The number of projects on the Binance Smart Chain is expanding, and the exchanges tokens are also quickly expanding. The Binance coin will experience a bull run after the market has stabilized.
Cardano, frequently referred to as the Ethereum killer, has emerged as a strong competitor in the altcoin season. Cardano, created by Charles Hoskinson, a co-founder of Ethereum, stands out for its reliance on science and dedication to sustainability. The platform runs on a layered architecture that separates the compute and settlement layers, enhancing scalability and effectiveness.
Investors are rushing to board Cardano (ADA) as soon as it is ready to take off. Crypto enthusiasts and investors are putting everything on the line to place their bets as analysts forecast a significant bullish rise for Cardano (ADA) before the end of the year. Major blockchain Cardano has a proof-of-stake consensus algorithm, which utilizes less energy than Bitcoins proof-of-work algorithm. The open-source projects objective is to empower people and encourage the creation of a safe, open, and equitable society by transferring power from centralized to decentralized systems.
With its unique strategy and strategic partnership with BNB and Cardano, Elonator, a rising star in the altcoin season, attracts attention. With its imminent debut, Elonator wants to establish itself as a catalyst for change in the cryptocurrency industry. Elonator aims to spark a fresh wave of enthusiasm and potential by fusing elements from successful predecessors.
Elonator is a community-focused initiative that has been carefully designed and developed with the goal of enabling as many people as possible to get a passive income from cryptocurrency incentives without requiring active participation in the process. This dedication goes above and beyond the typical Bitcoin incentives. Notably, one of Elonators distinguishing characteristics is the possibility it offers its investors to win large rewards, with a brand-new Tesla being just one of them. Everyone who invests in Elonator isnt only taking part in a novel cryptocurrency project; theyre also immediately entered to win one of our enormous potential prizes, which might be a new Tesla.
As the crypto market embraces Altcoin Season, BNB, Elonator, and Cardano stand at the forefront, beckoning investors to seize the moment. BNBs established ecosystem, Elonators innovative spark, and Cardanos scientific rigor each contribute to the intricate tapestry of altcoin opportunities. While each altcoin has unique strengths and aspirations, they collectively drive the industry forward.
The potential for a monumental bull run looms large, and investors are presented with a moment to make informed decisions that could shape their financial futures. As you contemplate your next move, consider the narrative woven by these altcoins.
Amidst this symphony of possibilities, one name echoes louder Elonator. Elonator, drawing inspiration from meme coin successes, plans to capitalize on this by utilizing presales to generate hype, community involvement, and exclusivity, positioning itself for significant growth in the cryptocurrency landscape. We invite you to explore the Elonator presale, a gateway to a world where possibilities are limited only by your imagination. As the Altcoin Season unfolds, may your journey be defined by insightful choices. Invest in the Elonator presale today and embrace the future of altcoin potential.
For All Things Elonator, Including Its Presale:
Presale: https://buy.elonator.com/Website: https://elonator.com
Telegram: https://t.me/ElonatorCoin
Twitter: https://twitter.com/ElonatorCoin
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Altcoin Opportunities: Binance Coin, Elonator, and Cardano in the ... - Tekedia
Binance removes Bitcoin, Cardano, and Polkadot pairs from Liquid … – Kalkine Media
The worlds leading crypto exchange by volume, Binance, confirmed plans to remove 39 liquidity pools from its Liquid Swap on Monday. Top digital assets eliminated include Bitcoin, Cardano, Polkadot, Filecoin, Pepe Coin, Avalanche, and Tron.
On 28 August, the exchange announced the removal of 39 liquidity pools. Binance periodically reviews its services and products to add or remove crypto.
Meanwhile, the latest Binance updates show the exchange faces surged regulatory woes from the United States SEC and CFTC. That has catalyzed deteriorated liquidity and trading volumes.
Users will no longer access liquidity pools for BNB, Bitcoin, Ethereum, and other assets as of 1 September 04:00 UTC. Moreover, Binance will suspend the addition of liquidity to the mentioned pools today, whereas individuals with positions on the tokens will receive their assets on 1 September in their crypto wallets.
Binance stated that removing the liquidity reservoirs will not affect corresponding pairs on Binance Spot (where applicable). Moreover, users can continue trading in other pools on Binance Liquid Swap.
Further, the exchange plans to change its zero-fee trading for BTCUSD margin and spot trading pair. Such a move could catalyze a significant crash as trading volumes will sink. Similar developments emerged in March when Binance terminated zero-free trading.
Besides narrowing liquidity pools to concentrate liquidity and guarantee optimized trading experience, price, and slippage, Binance declares support for the BNB Smart Chain network upgrade and hardfork.
Scheduled for 30 August 2023, the fork upgrade will happen at 31,302,048 block height. The exchange will suspend token deposits and withdrawals on the Smart Chain on the update day from 07:15 UTC.
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Binance removes Bitcoin, Cardano, and Polkadot pairs from Liquid ... - Kalkine Media
Stablecoin Market Grows Robustly and Defies Crypto Slump – Crypto Mode
In a noteworthy revelation, a recent report from European hedge fund Brevan Howard suggests that the stablecoin market remains buoyant despite facing broader crypto market downturns. The report reveals that in 2022, stablecoins settled over $11 trillion in value. That brings them near parity with payment giant Visas $11.6 trillion and far exceeds PayPals $1.4 trillion.
The study considered non-speculative stablecoin usage across a multitude of blockchains. Those include Ethereum, Tron, Binance Smart Chain (BSC), Polygon, Optimism, Arbitrum, Fantom, and Avalanche. Fiat-backed stablecoins like USDT, USDC, BUSD, and TUSD were the primary focus of the analysis.
Significantly, the report notes that the use of stablecoins has decoupled from crypto exchange volumes. Since December 2021, stablecoin volumes have dipped a mere 11%, even as broader centralized and decentralized exchange volumes plummeted 64% and 60%, respectively. The vast majority of non-speculative activity uses fiat-backed stablecoins, the report asserted.
According to the report, the massive adoption of stablecoins is not restricted to institutional players. It points out that most stablecoin users are likely small/retail users, given that 75% of weekly active stablecoin addresses transact amounts less than $1,000. Remarkably, over two-thirds of all stablecoins are held outside of exchanges and smart contracts, emphasizing the growing retail interest.
Ethereum, despite its popularity, accounts for only 3% of total stablecoin transactions, mainly due to its higher transaction fees. By contrast, Tron and Binance Smart Chain account for 75% of stablecoin transactions and 41% of volume.
Tethers USDT continues to dominate the stablecoin landscape, accounting for 69% of the total stablecoin supply, 80% of weekly active addresses, and 75% of transactions. Circles USDC, once a strong contender, has lost significant ground to Tether, particularly after a dollar-de-pegging event in March, which led to a loss of user confidence.
To capitalize on the burgeoning stablecoin market, PayPal has introduced its stablecoin, PYUSD. The payment giant aims to leverage PYUSD for low-cost merchant payments globally, further accentuating the growing relevance of stablecoins.
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.
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Stablecoin Market Grows Robustly and Defies Crypto Slump - Crypto Mode
Comparing Binance, Ethereum, and Bitgert: Features, Performance, and Investor Opportunities | Mint – Mint
Binance, Ethereum, and Bitgert are three of the most popular cryptocurrencies in the market today. They have different features, performance, and prospects that can benefit investors looking for opportunities in the crypto space. Here is a brief overview of each coin and what they offer.
Binance is the world's largest cryptocurrency exchange by trading volume and one of the most influential players in the industry. Binance Smart Chain is a fast and low-cost blockchain network that hosts many decentralized applications (DApps) and tokens. Binance has its own native token, Binance Coin (BNB), which is used to pay for fees, access various services, and participate in token sales on the Binance platform. Binance Coin has performed well in 2023 despite Binances regulatory tiffs throughout the year. Binances BNB is also the base currency for the Binance Smart Chain (BSC). BNB is used to pay for trading fees on Binance, as well as to access various services and products on the Binance ecosystem, such as Binance Smart Chain, Binance Launchpad, and Binance NFT. BNB also benefits from the buy-back and burn program, which reduces its supply over time. Binance (BNB) holders can benefit from the growth of the Binance ecosystem and its innovations.
Ethereum is the second-largest cryptocurrency by market capitalization and the most widely used platform for smart contracts and DApps. Ethereum enables developers to create various applications that run on a decentralized network, such as decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and more. Ethereum transitioned to Ethereum 2.0 in earlier months of 2023 to improve its scalability, security, and energy efficiency. Ethereum 2.0 moved the Ethereum network from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) one, which will allow Ethereum (ETH) holders to stake their coins and earn rewards for securing the network. Ethereum has seen a cautious retreat in 2023, dropping from its peak to around $1,700 in August. However, some analysts believe that Ethereum is undervalued and has strong fundamentals that will support its long-term growth.
Alongside Binance and Ethereum, we have a newcomer that can be investors' favorite, Bitgert. Bitgert (BRISE) is a crypto engineering project launched in 2021. Bitgert's ecosystem includes a zero-fee blockchain network that can process up to 100,000 transactions per second (TPS), a decentralized exchange (DEX) that allows users to trade any token without intermediaries, a metaverse platform that enables users to create and explore virtual worlds, and an NFT marketplace that connects artists and collectors. Bitgert also plans to launch its own peer-to-peer (P2P) exchange soon, which will allow users to buy and sell cryptocurrencies directly with each other, without any third-party involvement. Bitgert claims that its P2P exchange will pump the price of BRISE hard, as it will increase the demand and utility of the token.
How to buy Bitgert (BRISE):
One of the easiest ways to buy Bitgert (BRISE) is through Binance or Coindesk. You can use your credit card or bank transfer to buy Ethereum (ETH) on Binance and then swap it for Bitgert (BRISE) on the Bitgert DEX or any other DEX that supports BRISE. Alternatively, you can use Trust Wallet, a popular mobile wallet app that supports Bitgert (BRISE) and other cryptocurrencies. You can buy Ethereum on Trust Wallet using your credit card or bank transfer and then swap it for Bitgert (BRISE) on the Bitgert DEX or any other DEX that supports Bitgert (BRISE).
As you can see, Binance, Ethereum, and Bitgert are three cryptocurrencies that have different features, performance, and prospects that can benefit investors who are looking for opportunities in the crypto space. While Binance and Ethereum may not show exponential growth, a project like Bitgert, being in its early stage, has the potential for massive growth, especially after the announcement of its P2P exchange. So hold on to your Bitgert (BRISE) until then. To learn more, visit Bitgert.com.
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
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