Archive for the ‘Binance’ Category

Coining It: Why Binance Coin, Solana, & PATWARS are the top … – Euro Weekly News

Do you ever wonder which cryptocurrencies are worth your investment? Choosing the right options can be daunting with so many available. But fear not, for three coins stand out from the crowd Binance Coin (BNB), Solana (SOL), and PATWARS.

These digital assets have captured the attention of crypto enthusiasts worldwide, not only because of their impressive market capitalisations but also due to their unique features and potential for growth. In this article, we will explore what makes BNB, PATWARS, and SOL such compelling investment choices and how they are shaking up the crypto world. Get ready to discover the next big thing in the world of digital assets!

Binance Coin is the native token of the Binance exchange, one of the worlds largest and most popular exchanges. The value of Binance Coin (BNB) has been steadily climbing, with a high of $335 in February 2023 and a market capitalisation of $52.42 billion. One of the most significant advantages of Binance Coin is that it can be used to pay for trading fees on the Binance exchange, which means that as the exchange grows, so does the demand for Binance Coin.

The coin has a versatile range of use cases, including participating in token sales on the Binance Launchpad and purchasing goods and services on the Binance marketplace. Binance Smart Chain (BSC), a high-performance blockchain for building decentralised applications (dApps) and DeFi protocols, is another contributing factor to BNBs success. The growth of the BSC ecosystem has led to a surge in Binance Coins demand and market capitalisation.

Solana has gained popularity due to its incredible transaction processing speed of up to 30,000 transactions per second, making it the fastest layer 1 blockchain. Additionally, Solana has a lower transaction fee compared to other cryptocurrencies, making it a highly attractive investment option for investors who want to avoid high fees.

Solana has two primary use cases. The first is paying for transaction fees incurred when using the network or smart contracts, while the second is staking tokens as part of the networks proof-of-stake consensus mechanism. The growing ecosystem of decentralised applications (dApps) and non-fungible tokens (NFTs) built on the Solana blockchain has resulted in a surge in SOL token demand. In the past year, Solanas market success has led to a staggering 12,000% increase, proving that it is a promising investment option for crypto enthusiasts.

What is PATWARS?

PATWARS is a cryptocurrency project built on the Ethereum network, with a focus on community empowerment and user engagement. It emphasises community-driven governance and decision-making, allowing users to propose, discuss, and vote on key decisions through the PATWARSDAO governance model.

The project is guided by the PATWARS Clan, composed of four Jedi Cats, who ensure the platform remains transparent, innovative, and enduring. The integration of non-fungible tokens (NFTs) into the ecosystem enhances user engagement, creating new avenues for value creation and potential collaborations with decentralised applications (dApps) and gaming platforms. PATWARS offers exclusive NFTs featuring the four Jedi Cats, providing both a collectible and utility value for holders. The projects core values of decentralisation, transparency, and continuous innovation make it an attractive investment choice for cryptocurrency enthusiasts.

As the crypto market is constantly evolving, investing in the right digital assets can be a lucrative venture for crypto enthusiasts. Binance Coin, Solana, and PATWARS have caught the attention of investors worldwide due to their unique features and potential for growth.

Binance Coins versatility, Solanas super-fast transaction processing, and PATWARS community-driven governance and NFT integration are just a few of the standout features that make these coins compelling investment choices. With the right approach and strategy, investing in cryptocurrencies can lead to significant returns.

Click the Links Below for More Information on PATWARS!

Website: https://www.patwars.com

Twitter: https://twitter.com/PATWARSOfficial

Telegram: https://t.me/PATWARSOfficial

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Coining It: Why Binance Coin, Solana, & PATWARS are the top ... - Euro Weekly News

Crypto Trifecta: Bitcoin, Binance Coin And DogeMiyagi Shake Up … – Cryptopolitan

Back in 2009, cryptocurrencies burst onto the finance scene like a bat out of hell. Since then, their popularity has skyrocketed, and today there are tens of thousands of digital currencies in existence.

Among them, Bitcoin (BTC) and Binance Coin (BNB) have emerged as fan favourites. But now, theres a new, worldly pup on the horizon, ready to shake up the game for good. Enter DogeMiyagi (MIYAGI) the canine sensei bursting onto the scene with a waggy tail and big plans for its principled community.

Binance Coin (BNB). This stablecoin is backed by the US dollar, making it one of the most reliable and secure investments on the market. But thats not all, BNB also boasts its very own blockchain network called the Binance Smart Chain, setting it apart from the rest of the crypto crowd and making it a true trailblazer.

For experienced crypto investors, BNB is a no-brainer. Not only is it stable and secure, but its also deflationary, meaning that the supply is limited and in high demand. This coveted cryptocurrency generates around 200 million coins, but also destroys BNB coins from the circulating supply, making it a rare and valuable find.

But Binance Coin isnt just a pretty face its a utility token thats primarily used to enable exchange operations and platform transactions. In fact, users can even use their BNB tokens as a means of payment for platform transactions, making it a versatile asset thats worth its weight in gold.

In the wake of the 2008 financial crisis, the world was in dire need of a game-changer. And in 2009, Bitcoin (BTC) emerged as a digital savior. Fast forward to the present day, and the cryptocurrency landscape is abuzz with news of a 10% decline in Bitcoins price.

The big question on everyones mind is whether the $25,000 support level can hold. Investors and traders are closely monitoring market trends, trying to gauge if Bitcoins price will stabilize or continue to plummet.

The coming days will be crucial for Bitcoins future direction, and whether it can recover its lost ground. But one thing is for sure Bitcoin has proven time and again that its here to stay. With an army of loyal supporters and unrelenting growth, Bitcoin remains a force to be reckoned with in the world of cryptocurrencies.

The world of cryptocurrency has a new master and his name is none other than Mr. DogeMiyagi (MIYAGI). This newcomer is shaking up the crypto scene with its unique approach to growth, which involves slow and steady progress, principles and careful market study.

Drawing inspiration from the legendary Mr. Miyagi of Karate Kid fame, DogeMiyagi values respect, hard work and community. But Mr. Miyagi doesnt just have the gift of the gab the project is all about creating a sustainable environment for its members. Its community-driven, and upon launch, ownership will be transferred to turn it into a Decentralized Autonomous Organization (DAO).

But dont let its serious nature fool you the DogeMiyagi community knows how to have fun while conquering challenges and demonstrating resilience. Theyre lively, encouraging, and always up for a good time.

Built on the Ethereum blockchain, DogeMiyagi has some serious advantages. Thanks to Ethereums proof-of-stake consensus mechanism, its 99.9% more efficient than Bitcoin, making it the eco-friendly choice. Plus, being on Ethereum allows DogeMiyagi to take advantage of a wide range of tools and services, including the Killer Swap Machine and DogeMiyagi NFTs.

DogmaWith its focus on principles, community, and sustainability, its clear that DogeMiyagi isnt just another flash in the pan.

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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Crypto Trifecta: Bitcoin, Binance Coin And DogeMiyagi Shake Up ... - Cryptopolitan

Binance claims to be target of ChatGPT-based smear campaign in Washington, D.C. – Fortune

The worlds biggest crypto exchange, Binance, says someone is using A.I. to wage a disinformation campaign against it. The company told Fortune it has received numerous requests in recent weeks asking if Binances founder, Changpeng Zhao, was an official in the Chinese Communist Party. This included a flurry of inquiries from congressional offices on Thursday that pointed to a purported conversation in which the popular A.I. program ChatGPT reported that Zhao developed a social media platform for the China National Petroleum Corp.

According to chief strategy officer Patrick Hillmann, Binance tried without success to replicate the conversation using queries like Is Changpeng Zhao a Communist? but finally did so with a very specific question referring to the state-run petroleum corporation. When the company asked for the source of the information, ChatGPT pointed to a fake LinkedIn page for Zhao and a Forbes web page from 2018.

The Forbes page currently displays a not found error, according to a screenshot supplied by Binance, but the URL for the story suggests it was written by investor and former journalist Pamela Ambler. It is unclear whether Forbes ever published the story in question, or if it ever existed. Forbes and Ambler did not immediately reply to a request for comment about the pages authenticity.

Binance, which has long insisted that its founder has no ties to the Chinese Communist Party, claims ChatGPTs assertion that Zhao served in a role at a state-run oil company is ludicrous, and points out he would have been in high school at the time. It is especially sad to see this type of misinformation being shared by a few people in power when it would have been debunked with even the most basic level of fact-checking, Hillmann said.

If Binances account of disinformation is accurate, it would mark a new and troubling milestone. While lies and dirty-trick campaigns are not uncommon in the world of politics and business, this would be one of the first times that A.I. has been harnessed to smear a company in the halls of power in Washington. Experts have already warned that tools like ChatGPT will soon be weaponized to create fake media stories and other bogus content at an unprecedented scale and to influence or corrupt the political process. Based on what Binance has to say, that era is already upon us.

Jeff John Robertsjeff.roberts@fortune.com@jeffjohnroberts

Bitcoin eked out a small gain for April, the fourth month in a row the currency has climbed. (Bloomberg)

Binances venture arm says its portfolio has grown to $9 billion, and that it has no plan to scale back amid intense regulatory pressure. (The Block)

Mastercard is launching a service called Crypto Credential that will offer a means to confirm the identity of the parties in wallet-based transactions. (CoinDesk)

The Hong Kong Monetary Authority issued a circular telling the citys banks they should provide services to crypto firms. (Bloomberg)

Jack Dorsey reversed his stance on Elon Musks taking over Twitter, saying that it all went south in the hands of his onetime ally and fellow crypto supporter. (Washington Post)

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Binance claims to be target of ChatGPT-based smear campaign in Washington, D.C. - Fortune

Binance Coin price slides lower on Monday as dark clouds hang over crypto – FXStreet

Binance Coin (BNB) price is sliding lower this Monday as what appears to be quite a global descent for most major crypto and alt currencies. The leg lower makes sense though as price action grew overheated over the weekend with a late rally on Sunday that pushed the Relative Strength Index (RSI) nearly into overbought territory. Expect a small leg lower with support soon to kick in so that the RSI eases a bit before seeing price action swinging back up again.

Binance Coin price could shed about 3% this Monday in search of support as BNB is taking a small step back in early trading. The move did not come as a surprise as on Sunday price action swung substantially higher and dragged the RSI toward the overbought area. With profit-taking underway, expect to see a fade toward $330.

BNB can then find support at the monthly pivot before heading back higher as early as the US trading session later this Monday. Even if the fade goes a leg lower toward $323.80, the blue line could act as a halt for the fade as that is where the rally started on Sunday. The rally should reboot itself and break the high of Monday near $340 to head toward $345.

BNB/USD 4H-chart

The bigger risk for the price action on Monday is on the weekly chart. BNB is showing more bearish signs. Should pressure build upon the 55-day Simple Moving Average (SMA), a break lower could easily add up to a 10% loss as the 200-day SMA is trading near $297. The break of the psychological level of $300 could mean that more downside will come as plenty of bulls will start to offload further.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Binance Coin price slides lower on Monday as dark clouds hang over crypto - FXStreet

Justin Sun Calls $56M Token Transfer to Binance an ‘Oversight’, Requests Full Refund – Decrypt

Founder of Tron Justin Sun has apologized to Binance CEO Changpeng "CZ" Zhao after the latter warned followers that Sun could use Binance's Launchpool platform to farm giant amounts of a new blockchain token called Sui.

CZ took to Twitter this morning after news broke that Sun had transferred $56 million to the exchange, warning him that Binance would take action against it if Sun then uses the funds to acquire Sui tokens on Launchpool.

The tweet that caught CZs eye came from the @whale_alert bot, an account that tracks large blockchain transactions.

CZ went on to explain that Binances Launchpool platform is intended for retail users (individual investors, as opposed to institutions) and not just for a few whales. Launchpool lets Binance users farm new project tokens and acquire rewards by staking tokens like BNB and dollar-pegged stablecoin TrueUSD (TUSD) in staking pools on the platform.

Sun replied to CZ twenty minutes later with an apology, explaining that the transfer was due to an oversight stemming from TRON DAOs market making partnership with TUSD and was emphatically not an attempt by him to hoard Sui tokens.

He also shifted the responsibility for the transfer onto team members [that] were not fully aware of the intended purpose for these funds and inadvertently used a portion of them to participate in exchange campaigns.

In the same tweet, Sun claims the DAO has arranged a full return of the funds with Binance.

CZ has yet to tweet an update on the situation. Binance did not immediately respond to Decrypt's request for comment.

A Tron spokesperson toldDecrypt that the $56 million refund has been executed.

The Sui network is a layer-1 blockchain created by Mysten Labs, a startup that was founded by former executives of Metas crypto division.

Its a proof-of-stake blockchain built using the open-source Move programming language, which was originally developed for Metas abandoned Diem crypto project.

If this all sounds familiar then its because its pretty much the same pitch as Aptos, another recently launched newcomer Layer-1 blockchain developed by former Meta crypto experts.

Suis mainnet is slated to go live this Wednesday at 12pm UTC. Binance is facilitating the launch by making Sui the 33rd project to debut on its Launchpool platform.

Snapshots of both users and pools balances are taken every hour and rewards are calculated each hour too; customers can unstake their funds at any time. The total farming period will run for two days after the launch of Suis mainnet.

When Suis liquidity meets Binances requirements, the exchange will then list the token under the SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs.

So far, users have staked nearly ten million BNB (over $3 billion) in Suis BNB Launchpool and half a billion over in TUSDs pool.

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Justin Sun Calls $56M Token Transfer to Binance an 'Oversight', Requests Full Refund - Decrypt