Category Archives: MARKETS NEWS

MARKETS NEWS

Binance will burn tokens with Bruno upgrade

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Binance will release the Bruno update and burn tokens with every transaction. Binance Smart Chain (BSC) Bruno v1.1.5 upgrade goes live today. The update also improves full node syncing, which Binance said was a challenge on Nov 17. On November 17, 2021, the network’s daily active addresses exceeded 2 million, with the number of transactions processed reaching an all-time high of 14 million within 24 hours.

As Binance states on its official website: “This hard fork will introduce a real-time write mechanism to BSC’s economic model to introduce a new Binance Coin (BNB) write process, accelerating full node synchronization by more than 60%.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Huobi will send a user to space travel

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Huobi, which is among the major exchanges, announced that it will send a user to space with a lottery among users. Space travel, which the world’s rich go, is now offered to crypto money users.

Huobi cryptocurrency exchange, which will celebrate its eighth anniversary, announced that it has decided to organize a space raffle as a promotional event. Who will participate in the draw: Only 1 person will be sent into space by Huobi Global in the draw, in which current and new members can participate.

The winner of the lottery will train the winner of the space travel company, will also undergo a physical preparation process and will be given a salary during the training period. It is said that the cost of space travel will be 500 thousand dollars.

Huobi also stated that other prizes will be distributed in the draw. Applications will close on 16 December and the winner will be announced on 30 December 2021.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

RBI Meets Crypto Gamers For The First Time

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The meeting, called at the last minute by the RBI, was attended by senior central bank officials, three exchanges, a crypto broker, and industry association Indiatech.org, which has published a white paper on cryptocurrencies.

There is a growing understanding that in India, crypto trading may be allowed with some type and certain limitations, rather than an absolute ban as in China. Only cryptos with trace and traceable features should be allowed. The KYC system and the possibility of making illegal transactions were also discussed.

Aside from the money laundering issues, the RBI is concerned about potential economic uncertainty should crypto amounts increase over time. In contrast to the shrinking mining of Bitcoin, the leading cryptocurrency whose supply is decreasing year by year, the amount of crypto is increasing due to the release of new coins.

Source: cryptonewsz

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

Twitter has set up its own Crypto team

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Twitter, which is the most used in social media, is entering the world of Crypto money fast. Blockchain and Crypto platforms have established the “Twitter Crypto” unit to strengthen their own infrastructure in areas such as NFT, as well as to make better use of cryptocurrencies.

Twitter has long opened its doors to the world of cryptocurrencies. It looks like he wants to be more active in the cryptocurrency world with his “Twitter Crypto” unit. Tess Rinearson, head of the Twitter Crypto team, will be a blockchain engineer.

Twitter Crypto

Blockchain engineer Tess Rinearson said of Twitter Crypto: blockchain will serve as a “centre of excellence” for everything related to NFT and web3. How ideas from crypto communities can help us push the boundaries of what is possible with identity, community, ownership and more we will discover

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

As cryptocurrency rises, the number of miners continues to rise

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In the last 2 years, economies have suffered greatly due to the Covid-19 epidemic in all countries. But some tech firms earned more and became rich. As countries are closing and businesses are closing, some of the tech companies have made huge servert gains.

With the impact of the great epidemic covid, cryptocurrencies Bitcoin, Ethereum and other digital currencies attracted great attention. Even financial institutions have started to buy cryptocurrencies. Banks have started to deal with blockchain companies to use blockchain-based systems. Some firms, such as PayPal, have announced that they can buy, sell, and hold Bitcoin and cryptocurrencies.

As the crypto market grew rapidly, so did the number of miners. Miners with effective and efficient equipment made good profits.

miner mining

MarketsAndMarkets said: “Mining is an integral process for the creation, transmission and verification of transactions in cryptocurrencies. It ensures a stable, safe and secure spread of currency from payer to buyer. Unlike fiat currency, which is controlled by a central authority and regulates transactions, cryptocurrencies are decentralized and operate on a peer-to-peer system. APAC will grow at the highest CAGR during the forecast period (2026). In terms of value, APAC will grow at the highest CAGR during the forecast period. The Rest of APAC (RoAPAC) has been reviewed for RoAPAC, Singapore, Malaysia, Thailand, India, Australia and New Zealand. China is the largest market among all APAC countries. Thanks to its low cost of electricity and the presence of large mining companies.”

Although miner devices are at high prices, miners continue to renew themselves in the burgeoning cryptocurrency industry.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

Musk Shortly Changes Twitter Name to Lorde Edge, New Crypto Soars

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Elon Musk in crypto as Lorde Edge on Twitter triggered a currency of the same name to be shipped the same day, which saw its price skyrocket.

Lorde (DOGELON) on the web presents “Elon Musk’s twitter attacks that the target you want by name can realize more projects like this token DOGE, SH coin and of course DOGELON”.

Not applicable for a small-scale application on Monday according to ‘Mark’ rose more than 400% in terms of 10:50 am ET, the New York Post reported. According to CoinMarketC, the price of Lord Edge today was $0.00002235 after 89 finishes in the last 24 hours. Musk’s name reverted to Twitter’s name.

The meaning of the name has been a lot of speculation. Dogeco’s Creator, Shibetoshi Nakamoto, tweeted that “lorde Edge is an anagram for the old doge.”

“It doesn’t mean it will happen, but it’s actually an anagram,” he added later.

source: gobankingrates.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

New blockchain game coming in line with Binance NFT

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We learned that a brand new blockchain game is coming on Binance NFT. NFT continues to enter our lives rapidly.

Using advanced blockchain technologies, digital genetics and location-based technologies, Krytomon takes the evolution of cryptocurrency games to the next step. It moves forward with the goal of bringing NFTs to life by taking the best of Pokemon, Tamagotchi and CryptoKitties. The Kryptomon is a one-of-a-kind digital creature connected to the NFT and produced with a unique genetic code. Because cryptomonies are living creatures, they need training and care to be nurtured, healed, and strengthened. As such, they take the NFT concept one step further.

Since its inception, Kryptomon has partnered with Binance NFT, the official NFT market of the world’s largest cryptocurrency exchange, to launch an exclusive sale of 2,000 Kryptomon eggs exclusively for Binance users. The Kryptomon team sees this collaboration as their first step on the world stage. He brought the project to the attention of both NFT players and collector communities.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

What is the importance of the Theta network in metaverse growth?

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After Metaverse changed its Facebook name to META, META became the center of attention. However, an important difference here is that it is an enhanced version of Virtual Reality. The idea for the metaverse was first introduced in Neal Stephenson’s 1992 cyberpunk novel Snow Crash. Based on the book, the metaverse was created as a shared fictitious space open to the public over the worldwide fiber optic network. After this novel, it inspired games such as Second Life, which had an impact in the early 2000s.

Since then, the blockchain space has been following the metaverse for some time. Just like cryptocurrency, blockchain allows metadata centers to be made more decentralized with their transactions.

Metaverse and Theta
Metadata repositories and metadatabase-based projects continue to increase. Theta, on the other hand, plays an important role in strengthening the data ecosystem. Theta’s significant number of simultaneous users make it an ideal choice for peer-to-peer (P2P) video and information distribution.

The Theta ecosystem is increasing day by day. Over the past years, technologies have been developed that form the basis of the metaverses created today. So theta is quite important for the metadata store.

Last month, Theta hosted a metaverse nightclub with Decentral Games. A partnership was established with Amnesia Ibiza from Spain, one of the most famous nightclubs in the world. Well-known international DJs such as Yves V, Benny Benassi and Paul Van Dyk took part in the virtual music festival.

More and more virtual events are taking place every day. As a result, this idea can be further developed and used in P2P distribution. In this way, people will be able to both earn TFUEL and have fun.

An important feature to mention is having a patented NFT DRM technology that will be included in the Theta ThetaPass ticketing system. This way, people will be able to use NFTs as special tickets to attend exclusive virtual live events.

While the end of innovation remains in sight, Theta continues its pursuit of technological advancement. For this reason, Theta sees it as an important tool to unleash the full potential of the metaverse, the virtual world of the future.

Source: www.coinquora.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

MARKETS NEWS

Cronos launches to connect Ethereum and Cosmos ecosystem

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Cronos announced the launch of its beta mainnet between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems. The launch of Mainnet will allow developers to move decentralized application (DApp) and smart contracts from Ethereum and EVM compatible blockchains to the Cronos network at low fees and high speed, thanks to the Inter-Blockchain Communications (IBC) protocol integration. Thus, access to Crypto.com’s large customer base of 10 million will be provided.

Developed on the Cosmos blockchain and based on Ethermint, Cronos operates side by side with the Crypto.com chain. In the days before the mainnet launch, the Cronos team published a Medium post to explain the complex process of bridging assets on different chains, such as transferring the platform’s token CRO from the Crypto.com ecosystem to Cronos or between the Crypto.com chain and the Cronos chain via IBC.

Cronos announced its testnet services in July this year. Blockchain has since processed 1.5 million transactions for over 600,000 addresses. Crypto.com Co-Founder and CEO Kris Marszalek said at the time that a boom in activity on Cronos was expected and promised developers that they would support their projects from start to finish.

Since its launch, the Cronos ecosystem has attracted more than twenty validator ecosystems, including Bison Trails, Chainlink, Band Protocol, Metamask, and Crypto.com, while also collaborating with many DeFi, NFT, and gaming projects.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

On the Australian exchange, BetaShares crypto company fund breaks records in 15 minutes

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BetaShares crypto fund management company’s Australian exchange-traded fund (ETF) broke Australian Securities Exchange (ASX) records in the first 15 minutes.

Investors on the exchange broke the current ETF record of A$8 million within minutes, raising a total of about A$42.5 million by the end of its opening day. It signaled a massive pent-up demand for crypto exposure on the Australian Stock Exchange (ASX).

The Australian Securities and Investment Commission has given the green light for the launch of Bitcoin and Ether ETFs, provided a long list of guidelines is followed.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.