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A recent post by Kaiko on X [formerly Twitter] pointed out that the Turkeys currency, the Lira, has now become the largest fiat trading pair on Binance. It constituted 3/4th of the total volume on the exchange in early September. By doing so, it overshadowed the volume of other fiat trading pairs against the euro [EUR], Brazilian real[BRL], and several other currencies.

When compared to January 2021, the dynamics have completely flipped. The Turkish lira is the only fiat trading pair that has registered a swift increase in share. EUR and BLRs share has dwindled over the years.

On other local exchanges in Turkey, the volume trend has seen significant fluctuations over the past week. On Paribu and Icrypex, the uptrend had subsided, while on the other three notable improvements have been registered. These exchanges have been settling $40-$65 million lately on a daily basis.

Also Read: Friend.tech Generates More Fees Than Bitcoin, Solana

Turkey is one of the worst affected economies due to inflation. The inflation rate rose to almost 60% recently. The stronger than expected rise in the inflation rate pointed out, how Turkey is still in the midst of a deep cost of living crisis.

The new economic team that President Recep Tayyip Erdoan appointed in June has been unwinding unconventional policies that were in place for years. Nevertheless, Turkey has not been able to see much in terms of immediate relief. Amid the rising inflation, Turkish citizens have been increasingly leaning towards crypto. However, for an exchange, 75% of volume coming from just one economy is not typically healthy. It pointed towards the uneven macro adoption, and could prove to be hazardous if regulations in the region tweak.

Nevertheless, investors have been finding solace in crypto. A recent KuCoin survey pointed out that more than half of the Turkish population has been investing in this asset class. The percentage of crypto investors amongst the Turkish population aged 18 to 60 has increased by 12% in the last 18 months. Retrospectively, crypto investing Turkish adults have significantly increased in the last 18 months, from 40% to 52%. Chalking out the implication, the report noted,

This indicates an increasing interest and acceptance of crypto as a hedge against inflation, especially with the Turkish lira losing over 50% of its value against the US dollar.

Also Read: Aptos to Unlock $100 Million Worth of APT Token

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Crypto: 75% of Binance's Fiat Trading Volume Dominated by ... - Watcher Guru

This article will look at some of the most exciting developments in the blockchain space over the past week. Binance (BNB) has launched its stablecoin, while Bitcoin (BTC) ETFs are on the cusp of approval, and Everlodge (ELDG) has set another record for presale numbers. Lets take a closer look.

Join the Everlodge presale and win a luxury holiday to the Maldives

Everlodge seeks to level the playing field in luxury real estate. It offers widespread access to elite properties by overcoming traditional hurdles such as nationality and credit history.

Everlodge stands firmly on pillars of thorough decentralization, fluid transactions, and user privacy. Its strategy involves turning luxury properties into fractional ownership via NFTs, securely hosted on the Ethereum blockchain.

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The Everlodge presale couldnt be going any better. After starting the presale, priced at $0.010, the ELDG token is now priced at $0.016 after selling millions of tokens. This has been an excellent success for the team and will undoubtedly help to cement Everlodges position in the luxury real estate space.

Industry experts are now eagerly awaiting the forthcoming launch of the Everlodge platform. They recognize that Everlodge has what it takes to revolutionize the $280 trillion real estate market, with the narrative alone capable of causing a 30x rally.

Beyond being an investment avenue, Everlodges diverse features, like the Rewards Club and Developer Launchpad, underscore its ambition to redefine real estate investing. Being a member of this exclusive club comes with monthly rewards, discounts, and entry into cash prize draws.

As the global vacation rental arena braces for significant growth, Everlodges fusion of blockchain and property could spark innovation that drives the industry forward. Who knows how high this will take the ELDG token?

Paxos hinted at removing its backing for Binances stablecoin by February 2024. Well, it has now emerged that Binance has confirmed that the BUSD stablecoin will be removed by this exact date.

In a call to its user base, Binance suggests pivoting from their Binance USD stablecoin to other promising stablecoins, particularly emphasizing the newcomer, First Digital USD (FDUSD), as a favourable switch.

This update is part of a broader wave of shifts within Binances domain. Once reigning supreme in the crypto exchange world, Binance now faces mounting regulatory challenges and the emergence of potent contenders like Tradecurve. This has nudged Binances value from its zenith of $690 to a mere $213 today.

But the real news that could see Binance fall below the $200 support mark is the DoJ investigation that is currently ongoing. Could this be the final nail in Binances coffin? We shall see.

The US Securities and Exchange Commission has been evaluating the possibility of launching Bitcoin exchange-traded funds since 2017. After much deliberation, 2023 could finally see these products entering the market.

Bloombergs team of ETF experts is increasingly optimistic about the potential of a Bitcoin ETF being approved, particularly following Grayscales notable victory against the Securities and Exchange Commission.

Eric Balchunas, a prominent figure in ETF analysis at Bloomberg, indicates a 75% probability of approval, an increase from the previous estimate of 65%. This newfound optimism stems from the resolute and unanimous ruling by the United States Court of Appeals Circuit in the ongoing legal dispute.

In a related context, during a discussion on X, Seyffart provided his expert opinion, suggesting that by the end of 2024, the approval of spot Bitcoin ETFs could be highly probable, with a likelihood estimated at an impressive 95%.

Meanwhile, the cryptocurrency industry eagerly awaits decisions on ETF submissions from prominent players such as Bitwise, BlackRock, VanEck, and others. The outcome of these deliberations, anticipated as 2024 unfolds, is highly anticipated and eagerly awaited.

This period of waiting has had a significant impact on the market. The recent decrease in Bitcoins value, from $29K to just under $26K, indicates the markets apprehensive anticipation until the ETF news is released.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Binance (BNB) Ventures Into New Stablecoin, Bitcoin (BTC) ETFs ... - The Crypto Basic

Binance presents the top six continuously growing social engineering threats in 2023, along with the steps taken to prevent these occurrences. The methods of social engineering being used are constantly evolving alongside technology, making it challenging for users to identify and avoid them. New digital communication methods provide attackers with more avenues for exploitation.

Cybercriminals are increasingly using social messaging platforms to find victims and execute social engineering attempts. Attackers can disguise themselves as friends, colleagues, or officials by copying information from their accounts and other online profiles.

We have always maintained that effective security is collaborative, and the blockchain space is no exception. At Binance, we have found that our collaboration with the public sector and industry players globally complements our own efforts to build a safer ecosystem for our users. Equally important, however, is ensuring that users themselves are engaged in the process of protecting their assets, says Ilie Puca, Country Manager, Binance.

As these social engineering threats become more widespread, users must prioritize their digital security to protect their personal information. The most common tactics currently used include:

How Binance Prevents Social Engineering Scams

User protection is a top priority for Binance. As part of this, the company prevents social engineering scams by implementing robust security measures and consistently increasing user awareness of common methods.

Binance employs a wide range of security mechanisms, including multi-factor authentication, advanced verification processes, and continuous monitoring of suspicious activity on the platform.

Binance regularly collaborates with cybersecurity experts and law enforcement agencies to stay updated on emerging threats. By working together, industry players can develop proactive solutions to combat social engineering attacks.

Binance places a strong emphasis on user guidance, with education and prevention being the most effective solutions against social engineering attacks.

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Binance: Six Growing Social Engineering Tactics and Useful ... - Business Review

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe.

Recently, ATPBot announced that it now supports all Binance and Kraken users to implement AI automatic trading through API, providing users with more opportunities to trade cryptocurrencies. Say goodbye to subjective judgment and decision-making based on experience, and let each of your transactions be carried out on the basis of a high probability of winning. ATPBot exists to make investing easier, more efficient, and more trustworthy.

Have you heard of ChatGPT? Because it is changing the way we live and work. Its understanding is continuously improved through machine learning, providing unrivaled convenience and accuracy. As one of the most advanced language models, the capabilities of ChatGPT are simply amazing.

Facts have proved that artificial intelligence has the ability to process and analyze massive data, which has advantages in various fields. ATPBot is a typical example of artificial intelligence making significant contributions in the field of quantitative trading. Similar to ChatGPTs ability to understand and process natural language, ATPBot provides investors with a scientific, standardized and effective investment method in the world of AI quantitative trading.

ATPBot determines the timing and price of buying and selling by backtesting a large amount of data and algorithms, reducing emotional interference and human errors, while improving investment efficiency and stability, making it the ChatGPT of artificial intelligence quantitative trading.

ATPBot is a platform that focuses on AI quantitative trading strategy development and asset value-added management services. It uses the advantages of artificial intelligence technology to develop and implement quantitative trading strategies for users.

By analyzing market data in real time and using natural language processing to extract valuable insights from news articles and other text-based data, ATPBot can quickly respond to changes in market conditions and make better trades. Additionally, ATPBot uses deep learning algorithms to continuously optimize its trading strategies, ensuring they remain effective over time.

Compared with other trading bots on the market, ATPBot has unique advantages. Unlike many other trading bot platforms that rely only on predetermined parameters set by the trader, ATPBot employs extensively tested and proven trading strategies. Through rigorous historical data analysis and market analysis, ATPBot continuously adjusts strategies to minimize risks and losses. This is unlike other trading bots, which have no control over the trading process and often cause traders to lose money.

Additionally, ATPBot removes the confusion that novice traders may experience when confronted with the complexities of automated trading. Users do not need to spend countless hours manually testing different parameters or gaining expertise in chart and indicator manipulation. Because all strategies have undergone 1-3 years of data backtesting, and show the most complete backtesting data on the entire network. Can help users assess the potential risks and expected benefits of each strategy. Traders can protect their invested capital by choosing a strategy that matches their risk tolerance.

All in all, the simple interface and preset parameters make it easy to understand, even for individuals with limited trading experience. The advancement of technology has brought more investors the hope of extreme risk control.

1. World-leading Technology: Cutting-edge algorithms that combine multiple factors are adopted to find proper methods through complex data types.

2. Simple to Use: All strategies are ready-made that do not require tuning. All you need to begin running a strategy is just a simple click.

3. Millisecond-level Trading: Real-time market monitoring to capture signals and millisecond-level response for quick operations.

4. Ultra-low Management Fee: A permanent one-time payment.

5. Security and Transparency: All transactions are processed by the third-party exchange Binance; ATPBot has no access to your funds and we are committed to providing maximum protection for your security.

6. 24/7 Trading: AI trades 24/7 automatically, and you can get trades executed even when you are sleeping at night.

7. 24/7 Service: One-on-one service; Fix your issues quickly.

Experience the most powerful AI trading strategy in three simple steps.

1. Register ATPBot.

2. Connect Binance or Kraken exchange.

3. Select an AI trading strategy that meets expectations, enter the investment amount and run it.

You can experience an unparalleled trading experience, bringing results through mature trading strategies and professional investment management.

In addition to its platform functionality, ATPBot also boasts a professional Discord community consisting of numerous quantitative trading researchers and practitioners. Within this space, users can interact with quantitative trading enthusiasts from around the world, sharing experiences and ideas. The community offers professional guidance on market trends, market analysis, and trading techniques, helping users advance further on the path of quantitative trading.

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ATPBot now supports Binance and Kraken exchanges, Allowing ... - CryptoGlobe

This story comes from GG. Your Web3 Gaming Power-Up Discover GG

Cryptocurrency exchange Binances venture capital and incubation arm Binance Labs has invested $15 million into blockchain game publisher Xterio, the firm announced Wednesday.

Xterio bills itself as a free-to-play-and-own game developer and publisher, meaning that its embracing the dominant free-to-play gaming model, but will also offer players the ability to earn NFTs by playing its games.

We believe that blockchain technology makes for a better gaming experience, Xterios website reads. And player ownership is a key aspect of every Xterio game.

The startup is currently supporting the development of 11 games listed on its website, ranging from mobile Japanese role-playing games (RPGs) like Blackdawn to massively multiplayer online (MMO) PC games like Blocklords and the RPG Abyss World.

Xterio also appears to be taking a multi-chain approach to blockchain games, as Blocklords will launch its crypto elements on Polygon while Abyss World has set its sights on the recently launched Sui blockchain.

Xterio said that it will use the funds for game and technology development, as well as exploring potential artificial intelligence (AI) integrations into its titles.

Xterio is currently developing an emotion engine for artificial intelligence, said Binance Labs. Xterios AI toolkit also aims to generate 2D and 3D game assets for developers. The startup is also using its AI tech to develop digital companion game AIpal, which is slated to launch a closed beta later this year.

Last August, Xterio raised $40 million in funding from investors like FunPlus, XPLA, and the now-defunct FTX Ventures. Early this year, Xterio itself invested $2.5 million in Overworld, a multiplayer RPG game studio helmed by Xterio co-founder Jeremy Horn, which is developing its namesake title.

Binance Labs investment enhances our ability to launch a transformative ecosystem token and high-quality games, said Xterio co-founder Michael Tong, in a statement.

Asked if crypto gaming was a main area of focus for Binance Labs, a spokesperson told Decrypt that the firm [believes] that blockchain gaming is a key area for application layers.

While Binance itself is a crypto exchange that offers many tokens as well as its own BUSD stablecoin and the BNB token, Binance Labs told Decrypt that its investments are chain and sector agnostic.

Binance Labs said it supports traditional game developers and studios moving into the blockchain gaming space, citing its investments in game studio Gomble as well as Xterio.

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Binance Labs Invests $15 Million in Crypto Game Publisher Xterio - Decrypt