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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 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.

Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter

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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.

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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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.

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Twitter: https://twitter.com/ElonatorCoin

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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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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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Why we must brag about Prag: His loss to chess number one Carlsen doesnt alter the fact that young Indians – Times of India

After beating the World Number 2, Fabiano Caruana, and the World Number 3, Hikaru Nakamura, Rameshbabu Praggnanandhaa faltered at the very last hurdle. He took Magnus Carlsen into tiebreaks at the World Cup final but the World Number 1 finally put it across the 18-year-old.

However, Prag and his cohort of young Indian compatriots made a huge impression. So did a couple of young players from other countries. Its apparent that chess is on the verge of seeing a generational shift. And, that shift is likely to heavily favour India.

The chess World Cup is one of the most prestigious events on the calendar. Its played on a Wimbledon-style knockout format with progressively shorter time controls and sudden death invoked to ensure every match has a winner. The Open section offers roughly Euro 160,000 in prize money with even the first-round losers getting something.

Even more importantly, the World Cup offers three places in the Candidates cycle from which the challenger to the world champion is selected. This is a gruelling process where eight Candidates duke it out for the right to challenge the champion. The title cycle itself is worth several million in prize money the 2023 match saw Euro 2 million split 55:45 between the two players and the Candidates itself has a minimum Euro 500,000 prize fund.

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Views expressed above are the author's own.

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Nakamura And Carlsen’s Rivalry Returns For 2023 Speed Chess … – Chess.com

Chess.coms flagship Speed Chess Championship presented by Coinbase, the stellar event to find the worlds top player over fast time controls, will kick off next month with GM Hikaru Nakamura gunning for an incredible sixth title in a row.

The fast-paced tournament that combines 5+1 and 3+1 blitz with 1+1 bullet runs from September 4 to 22. The Speed Chess Championship is presented by Coinbase, the worlds leading crypto exchange, and carries a $150,000 prize pool.

Nakamura tops a star-studded bill that includes his great rival GM Magnus Carlsen, the only other previous winner of the tournament (2016 and 2017).

The cream of the chess world make up the rest of the invited spots hoping to disrupt the big twos dominance. They are GMs Gukesh D and Nihal Sarin from India; American stars Wesley So, Fabiano Caruana, and Levon Aronian; Chinas reigning world champion Ding Liren, Uzbek sensation Nodirbek Abdusattorov as well as Alireza Firouzja and Maxime Vachier-Lagrave of France. All are renowned for their prowess in speed chess. One more name will also be invited later this month.

The remaining four spots will be decided by qualifiers held on Chess.com between August 21 and 24. All titled players are eligible to compete for a place. Final dates for the main event in September will then be announced.

So far, the championshipa real fan favorite on the chess calendarhas been mostly carved up by the two old foes Nakamura and Carlsen. No other event has brought their rivalry into sharper focus.

I feel like you have to try and use every advantage you have against Magnus. Nakamura, after last year's final

Nakamura, the reigning Bullet Chess Championship winner, has won an incredible five out of the seven previous editions, beating Carlsen in the 2022 finals. While in both of Carlsen's victories, the Norwegian had to overcome Nakamura in the final to take the crown.

Last year, the pairs rivalry reached a fever pitch. Nakamura and Carlsen duked it out in an epic final that ended 14.5-13.5. The match was one of Chess.coms most-viewed streamed events ever and could not have been closer.

Here's what happened in the final moments:

This year Carlsen will be out to wrestle back the prestigious title. Will we see another classic Nakamura vs. Carlsen face-off in the final? Or will a new name emerge to challenge them?

The 2023 Speed Chess Championship presented by Coinbase will be broadcast across Chess.coms channels from September 4 to 22.

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Tata Steel tournament a solid platform that takes Indian chess forward – The Hindu

They presented an unusual, but striking, sight. You normally wouldnt expect European women in sarees on stage for the closing ceremony of a chess tournament.

They may have been wearing the unstitched Indian garment for the first time in their lives, but at the Bhasha Bhawan auditorium of Kolkatas National Library, they managed it as well as they did the pieces on the chessboard, at the Tata Steel Chess India tournament. It was the first time that women were playing in Indias only elite chess event.

The organisers, Tata Steel, ensured that their first ever womens tournament was special. They gave the women the same prize money as the men.

I dont remember a (chess) tournament where the prize-fund was the same for both men and women, said Anna Muzychuk of Ukraine, during the draw of lots on the eve of the event. Because such a tournament didnt exist.

Muzychuk was a beneficiary of the organisers decision to implement equal pay: she won the rapid section. A year later, she will be back to defend her title for the fifth edition of the tournament, which opens on August 31.

There is bound to be more interest in this years tournament, given the kind of unprecedented following in the country the recent Chess World Cup, which concluded at Baku a few days ago, had. Praggnanandhaa was very much the star in the tournament, as he made it to the final.

His compatriots had also done well there. In fact, four of the eight quarterfinalists were Indians D. Gukesh, Arjun Erigaisi and Vidit Gujrathi being the others. All of them will feature at the Tata Steel Chess India.

Arjun was the winner last year in the blitz section. In the rapid, he was the runner-up, while Gujrathi was third.

Arjun seems to love this event. In 2021, he had won the rapid and was the runner-up in blitz.

That edition of the tournament proved a breakthrough for the teenager from Warangal. At the time he wasnt as well-known as his contemporaries like Praggnanandhaa or Gukesh, but now he is one of the stars of Indias golden generation of chess players threatening to dominate the world.

Tata Steel Chess India has attracted the worlds top talents. The inaugural edition, held in 2018, itself had big stars like Hikaru Nakamura, Levon Aronian, Wesley So, Sergey Karjakin and Shakhriyar Mamedyarov and Indias own Viswanathan Anand, who defied age to win the blitz title. Nakamura came first in the rapid event.

The man who ended Anands reign as the World champion, Magnus Carlsen, was the biggest attraction in the second edition of the tournament. Not surprisingly, he triumphed. The overall champion was decided by adding points from the blitz and rapid sections. The Norwegian finished with four points more than the second-placed Nakamura.

After a break enforced by the coronavirus, the tournament returned in 2021. Aronian and Le Quang Liem, a former World blitz champion, were among the main players from overseas.

Aronian won the blitz, beating the rapid champion Arjun in the tie-breaker. He had an explanation for why his young rival didnt win the blitz title. The only reason is... that Arjun is a very strong chess player, but physically he is not strong enough to carry two cups, he said at the closing ceremony, making the packed auditorium laugh.

After taking part in the first three editions, Aronian wasnt there for last years tournament, in which Nihal Sarin won the rapid section, ahead of strong rivals like Nakamura, So, Mamedyarov and Nodirbek Abdusattorov. Another Indian champion last year was R. Vaishali, Praggnanandhaas elder sister, who surprised everyone by winning the womens title.

This time around, two strong Chinese players add further glamour to the womens field. Ju Wenjun is the reigning Womens World champion, while Lei Tingjie is the runner-up. The duo had contested the final back home in China last month.

Nino Batsiashvili and Irina Krush are the other foreigners in the womens section, besides Ushenina. Former Womens World rapid champion Koneru Humpy, Dronavalli Harika, Savitha Shri, Vantika Agarwal and Vaishali complete the line-up.

The mens field is headed by the 2021 World blitz champion Maxime Vachier-Lagrave. Alexander Grischuk, Teimour Radjabov, Vincent Keymer and Abdusattorov are the other foreigners in the fray. Praggnanandhaa, Gukesh, Gujrathi, P. Harikrishna and Arjun form a strong Indian contingent.

Those players could expect strong support from the chess lovers of Kolkata, who arrive in large numbers to watch their favourite players in action. You would find the auditorium often full.

The passionate chess fans of Kolkata have shown that their city is indeed the ideal host for Indias only world-class tournament. Tata Steel also deserves credit for bringing the worlds top stars to India and giving an excellent opportunity for the countrys young talent.

Sports has been a way of life for us at Tata Steel for over a century now, says Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel. We continue to promote sporting activities and thereby engage with the community in a conscious and meaningful way. We are encouraged by the enthusiasm and participation we have received from the city of Kolkata over the past years, and are determined to make this world class chess competition even better.

Anand has been the tournaments ambassador since 2021. I am extremely delighted that chess is slowly but steadily becoming a global sport which is being followed widely, he says. Tournaments like Tata Steel Chess India where our young players fight it out with international Grandmasters really help the cause of producing newer champions. This format has already shown some results, as is visible with our young brigade doing well at international tournaments, such as the World Cup in Baku.

At Baku, Praggnanandhaa had done India proud, despite losing to Carlsen in the final which had gone to the tie-breaker. He should be keen to do well in a tournament at home. As will the other young Indian stars.

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Cantela wins gold in 16-under chess tournament in Malaysia – The Manila Times

National Master Oscar Joseph "OJ" Cantela of General Trias, Cavite bagged the gold medal in the Open 16-under division on Sunday, August 27, at the 12th Dato' Tan Chin Nam Foundation Open Rapid Age-Group Chess Championship in Kuala Lumpur, Malaysia.

Cantela scored 5.5 points in six rounds to rule the tournament.

Oscar Joseph 'OJ' Cantela (right) receives the silver medal for placing second best in board 1 at the SMS Deen Merdeka Open Rapid Team Chess Championship 2023 in Kuala Lumpur, Malaysia. CONTRIBUTED PHOTO

He defeated Jaishivan Sivanesan Paranam of Malaysia in the first round, Zhen Sean Ong of Malaysia in the second round, Yu Hang Koay of Malaysia in the third round and compatriots Kaye Lalaine Regidor of Santa Rosa City, Laguna and Christian Mendoza of Antipolo City in the fourth and fifth rounds.

He, however, drew with Ishaan Quan Tze Navaratnam of Malaysia in the sixth and final round.

It was a total domination for the visiting Filipinos as Mendoza bagged the silver and Regidor captured the bronze in the division.

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The 15-year-old Cantela, a grade 11 student of Far Eastern University Diliman, also claimed the board 1 silver medal in the SMS Deen Merdeka Open Rapid Team Chess Championship 2023 held on August 25-26 also in Kuala Lumpur, Malaysia.

Cantela, who was part of the ASEAN Chess Academy U16 Big Boys Team, scored 8.0 points in the 9-round Swiss system tournament.

He opened his campaign with a win over Jia-Tien Chua of Malaysia then followed it with victories over Wei Jun Peong of Malaysia, Chen Xi Koh of Malaysia, Woman FIDE Master Qurota`ain Khadijah of Iran, International Master Chee-Meng Jimmy Liew of Malaysia, Shan Wen Tin of Malaysia, Thamil Chelvan Poovendtiran of Malaysia and Guo Hao Ng of Malaysia.

His only loss was against Zhe Kang Law of Malaysia in the seventh round. Cantela, meanwhile, is set to compete in the World Youth Chess Championships to be held on November 12 to 25 in Montesilvano, Italy.

He is also scheduled to see action in the Grandmaster Rosendo Carreon Balinas Jr. Open Rapid Chess Championships on September 30 at the Open Kitchen Food Hall, Rockwell Business Center, Sheridan Street, Mandaluyong City.

Cantela, whose chess campaign is supported by Gen. Trias City councilor Jesseboy Remulla Grepo, aims to raise his current chess standard rating of 1864 to more than 2000 before the year ends and earn the titles of FIDE Master and International Master in the near future.

The young and promising Filipino woodpusher also thanked his parents for their unceasing support.

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Cantela wins gold in 16-under chess tournament in Malaysia - The Manila Times

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