Binance Smart Chain (BSC) developers (devs) are pitching to implement an Ethereum-like burning mechanism for Binance’s native BNB tokens’ Real-Time Burning Mechanism (RTBM. The concept that BSC devs are proposing is that of network utilization. Dubbed as the Binance Evolution Protocol 95 (or BEP-95), the mechanism would benefit validators and holders with a value augmentation via token burns. The[Read more…]
Category Archives: BSC News
Ethereum (ETH) managed to reach a monthly soaring of 46% to touch a 52-week all-time high (ATH) of US$4,379.11 on October 20, 2021. This trend is reminiscent of ETH’s May 12 (2021) ATH of US$ 4,384. A likely reason for this upbeat cryptocurrency market momentum is a recent approval of the Bitcoin (BTC) Futures ETF by the U.S. Securities and[Read more…]
The Corporate Affairs Commission (CAC) has reportedly refrained from approving a start-up registration application. The reason being presented by the CAC is as follows: Blockchain is yet to be recognized by the Nigerian government, kindly expunge. CryptoAssetBuyer reports the start-up in question was developing a blockchain gaming rewards’ API (Application Programming Interface) connection. But, the start-up was[Read more…]
The Select Committee on Australia as a Technology and Financial Centre (SCATFC) has just published a cryptocurrency regulation proposal report. The SCATFC is advocating the development of fresh fintech and digital asset industries’ rules to support the domestic cryptocurrency economy. The set of recommendations tabled by the committee to boost Australia’s FinTech, and digital asset sectors[Read more…]
PIMCO Investment Management is showing signs of embracing cryptocurrency investments. PIMCO CIO Daniel Ivascyn says hedge funds of PIMCO have begun “trading crypto-linked securities.” PIMCO manages a total of US$2.2 trillion in assets under management (AUM). Ivascyn also stated after considering cryptocurrencies previously, PIMCO now intends to “gradually invest more in digital assets.” PIMCO wants to invest in[Read more…]
Tranchess, a yield enhancing asset tracker with varied risk-return solutions, is now listed on Binance (Innovation Zone). In the Innovation Zone of Binance, investors are allowed to buy and sell freshly-listed tokens that could be volatile with a greater risk. Tranchess is a yield-enhancing asset tracker with varied risk-return solutions on Binance Smart Chain (BSC),[Read more…]
The decentralized derivatives exchange (DDE), MCDEX, has received new investment, courtesy of the Binance Smart Chain (BSC). The said investment is courtesy of the newly announced US$1 billion Growth Fund, as BSC aims developing its platform and the entire integrated BSC ecosystem. Alex Odagiu, Investment Manager, BSC Accelerator Fund, said: MCDEX has posted tremendous growth since its[Read more…]
By integrating a new NFT rental service into the game, Trava.Finance hopes to cooperate with GameFi platforms to provide a peer-to-peer NFT rental marketplace for players. The Trava NFT rental business is a first-of-its-kind fusion of Decentralized Finance (DeFi) and Game Finance (GameFi). It is aimed towards customers who have trouble finding new or rare NFTs. Through[Read more…]
Web 3.0 Music NFT platform Melos Studio has just received a strategic investment from Binance Labs. Melos Studio would add to Binance ecosystem by “diversifying music NFT category in Binance Smart Chain (BSC).” Binance Labs’ strategic investment would give Melos Studio access to vital “technologies, consultation, and incubation services.” Melos Studio would work upon team expansion plus forming[Read more…]
With Bitcoin (BTC) surging to a new all-time high of $67,000 on Oct. 20, the cryptocurrency market is abuzz with bullish enthusiasm. Investors are keeping a careful eye on the market’s other cryptocurrencies and DeFi tokens to see how they respond to the increase in BTC. The DeFi market has profited from BTC’s bullish breakout as well,[Read more…]
