Binance has announced that it will be implementing a new set of restrictions on Russian users. Users from Russia will not be able to deposit crypto over 10,000 euro and this includes Russian nationals as well. If total value of crypto is less than 10,000 euro, there is no need to panic and your Binance account will function like it is doing right now.
Staking is when an individual locks up their crypto holdings for a certain period of time with the benefit of earning rewards. The use of cryptocurrencies nowadays makes us think about the evolution of currencies and payments in general. The idea of trading started around 3000BC. Later, humans invented coins in 600B.C., leading to paper money in the 7th century.
(more…)Lucky Coin is one of latest cryptocurrencies that is using popular influencers like Shehnaaz Gill for promotion. They make her say things like “Lucky Coin is fastest cryptocurrency to reach 1-billion dollar marketcap.” Then she adds that the project was able to reach this very marketcap with its 32-thousand investors.
Hayden Adams, investor of popular decentralized exchange, Uniswap, had his account closed by both JP Morgan and Chase bank. This was done without giving any notice to Mr Hayden.
Algorand has only one DEX, Tinyman and that too got attacked and hacked today where the attacker exploited an unknown bug in contract. This allowed hacker to withdraw assets from Tinyman’s pool that they were not allowed to.
(more…)KuCoin is one of few cryptocurrency exchanges where it is still possible to do trading and withdrawals without performing mandatory KYC. For margin trading, yes, Level-1 KYC is mandatory.
NFT is hottest thing in cryptocurrency world right now, but not all NFT games require NFT assets. Largest NFT collection of world leaders, appropriately called The Presidents has announced new game, The War of Morale. In the game, users will earn a governance token that will give them the power to vote and do decision-making of future Presidents. Most of the NFT games that we have come across so far, do not even require NFTs.
BitTorrent team will be doing away from being just a Tron blockchain token on December 12th 2021. The team will be launching its own mainnet and doing redenomination on the very same day. Called the BTTC mainnet, the current market cap will not be changed.
SolChicks is a play to earn game on Solana blockchain and claims to have a massive community of half million people on various social media channels. The main red flag is William Wu, who has openly promoted two other scams, both of which were deployed on Binance Smart Chain (BSC).
