The potential for crypto in 2022 is higher than it’s ever been. All signs point towards continued adoption throughout the year. Russia passing crypto-friendly legislation will place pressure on other countries to do the same. Companies like Walmart and Tesla are going to continue adoption of digital assets into their business’. Bitcoin, for the foreseeable future, still reigns supreme with its $826 billion market cap and continued accumulation from large companies and countries. Just because Bitcoin is still the most popular, doesn’t mean that there isn’t value investing in other assets. During 2022 we saw many tokens make parabolic leaps in price during the bull runs. Very few in crypto…
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Binance CEO Changpeng "CZ" Zhao's Binance Smart Chain is getting some love from Bithumb (Photo: Binance)Crypto exchange Bithumb to support DeFi projects on the Binance Smart Chain blockchain
The exchange plans to launch derivatives, staking, initial project announcements and user airdrops, and multi-regional marketing efforts on its competitor’s smart contract-enabled blockchain
Binance seems to be hell-bent on making sure that its newest blockchain will see lots of decentralized app development—and most importantly—that it wins a healthy slice of the DeFi craze.
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Binance expands its Binance Cloud’s enterprise offerings
Binance’s cloud service offering now also facilitates the development of decentralized finance products on Ethereum and the firm’s own Binance Smart Chain blockchain
Binance Cloud now offers services for building decentralized finance (DeFi) products on the exchange’s Binance Smart Chain (BSC) and Ethereum blockchains. Furthermore, the offering now also includes perpetual futures and a direct link to payment providers, enabling partners to integrate third-party payment channels.
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Binance recovers Wine Swap exit scam’s proceeds
The exchange identified and contacted the scammer the day after he stole more than $345,000, forcing him to return the funds
A Binance spokesperson said on Nov. 4 that the exchange had recovered 99.9% of the funds stolen in the exit scam conducted by automated market maker Wine Swap. Wine Swap launched on the Binance Smart Chain (BSC) on Oct. 13 as an automated market maker platform. In under one hour after its launch, the developers stole over $345,000 in customer funds.
