A new promotion for Binance’s VIP Invitation Program was unveiled today. By aggregating their spot or futures trading volume on cryptocurrencies and traditional assets from up to two trading venues, new users who trade cryptocurrencies and/or traditional assets on other platforms can now become Binance VIPs in an even more
February 28, 2024 2 mins read
This year, new capital is flooding into the crypto market, driving optimism and speeding up the growth of the stablecoin sector. According to CoinMarketCap, the entire market capitalization of stablecoins surpassed $140 billion in February. According to DefiLlama, this is the most amount seen since December 2022. Stablecoins are digital
February 27, 2024 2 mins read
In a historic partnership, droppGroup, Oracle, and the Saudi Ministry of Culture are pleased to announce the opening of the Cultural Universe, the first government-run national Metaverse project in history. It is powered by droppGroup’s droppPhygital Generative Media Intelligence (GMI) AI system and Oracle’s Hyperledger Fabric 2.5 blockchain technology. In
February 26, 2024 2 mins read
In a significant milestone, a new consensus protocol, BEEFY, has been activated on Polkadot’s canary network Kusama. This will allow for the blockchain to be verified seamlessly on Ethereum and other networks that are compatible with the EVM. For Kusama, the BEEFY protocol is revolutionary because it makes it possible to easily verify
February 26, 2024 2 mins read
For an unknown amount, Magic Square, a web3 app store that is backed by Binance Labs and other investors, purchased TruePNL, a token launch platform. Andrey Nayman, founder and CEO of Magic Square, stated: “The acquisition was financed entirely with cash. As part of the deal, Magic Square has acquired TruePNL’s
February 24, 2024 3 mins read
A strategic partnership between Orbs, a Layer-3 public blockchain infrastructure project , and IntentX, a leading UTC marketplace, has been revealed. Through the collaboration, Orbs is able to maintain its position as a significant participant in the rapidly expanding on-chain derivatives market. By using Orbs’ cutting-edge Layer-3 technology, the partnership will explore possible applications
February 22, 2024 2 mins read
A new partnership has been established by Oasys, a rapidly expanding blockchain network focused on gaming, and Metabora SG, the Web3 gaming arm of well-known South Korean video game firm Kakao Games. The partnership intends to “create and deliver superior blockchain games to more users,” as stated in an Oasys statement issued
February 22, 2024 2 mins read
The world’s most reliable source of cryptocurrency statistics, insights, and community, CoinMarketCap, has announced the first CMC Crypto Awards, which will take place online between February 21 and March 6. This yearly event will pay tribute to the outstanding individuals, products, and initiatives that have shaped Web3 and crypto, highlighting CoinMarketCap’s
February 21, 2024 1 min read
The total market cap of cryptocurrencies skyrocketed to a staggering $2 trillion last week as Bitcoin climbed beyond $52,000, a level not seen since December 2021. Following Bitcoin’s lead, several altcoins have also seen their value rise recently. Recent times have witnessed a transformative era, where the fusion of artificial
February 21, 2024 2 mins read
The firm behind the XRP token, Ripple, has collaborated with the Commercial International Bank (CIB) of Egypt. This is a major achievement for the corporation as it has strengthened its position in the Egyptian market. This follows Ripple’s announcement that it would strengthen its presence outside of the United States,
February 20, 2024 1 min read