Binance Labs announced 13 new projects within the scope of its support program
Binance exchange announced 13 new projects that it will support within the scope of the âMost Valuable Developer Accelerator Programâ (MVB). The 10-week accelerator program run by Binance Labs and BNB Chain added CMC Labs as a strategic partner to its 7th season. Binance Labs, the investment arm of the exchange, chose two main groups to select the startups it will support in this 7th investment season. The first of these was the MVB Startup Group. Web3 projects working to expand the BNB Chain ecosystem were included in this group.
Elon Musk; OpenAI sued its co-founders Sam Altman and Greg Brockman, as well as other entities affiliated with the company. Musk's reason for the lawsuit is that OpenAI has moved away from its true mission for profit. According to Elon Musk's statements; When Sam Altman and co-founder Greg Brockman founded OpenAI in 2015, they agreed with Musk that the initiative would be open source and non-profit. However, Elon Musk, who said that the company was now focused on making money, claimed that the contract was violated.
Worldcoin's WLD token began to decline after reports of a lawsuit against OpenAI emerged. WLD fell 2.2% in an hour after news platform Reuters reported that tech investor Elon Musk was suing OpenAI and CEO Sam Altman for breach of contract. Musk accused the company of violating contractual agreements made in 2015. Sam Altman is a board member and co-founder of Worldcoin. The controversial project aims to scan users' eyes in exchange for digital IDs and tokens.
Nigerian government demanded $10 billion from Binance: Two executives are detained
In Nigeria, where the pressure against the Binance company has intensified recently, the government has now demanded a payment as high as 10 billion dollars from Binance. Bayo Onanuga, President Bola Tinubu's information and strategy advisor, said in his statement; He said that Binance provides an opportunity for illegal transactions and has a negative and significant impact on the country's financial ecosystem. Among the accusations are allegations that Binance manipulated dollar-naira rates, which negatively affected the country's local currency.
Biggest monthly green candle of all time in Bitcoin
Bitcoin Although it could not break the all-time record in February, the appetite of the bulls led to new peaks in many statistics. Glassnode's anonymous on-chain analyst named Checkmate described a "notable" event in the BTC price in a post on X (formerly Twitter) on March 1. Big rise from Bitcoin on a monthly basis With the monthly close on February 29, Bitcoin bulls scored a clear victory. According to data from CoinGlass, in February the parity made its biggest rise since December 2020 with 43.55%.
When is Altcoin Bull? Let's Examine It with a Single Data
Each bull cycle in crypto has its own internal dynamics. To examine altcoins, legacy investors would look at the BTCÂ parity, not USDT (e.g. ETH/BTC). Because USDT came into our lives in 2014 and USDC in 2018. However, stablecoins are now an undeniable reality of the cryptocurrency market. Together with stablecoins, bitcoin's own market cap already covers more than 60% of the total cryptocurrency market. Let me immediately explain how I accessed this data. As of the day I wrote this article, the dominance data of bitcoin and the two largest stablecoins are at BTC.D 54.30%, USDT.D 4.45% and USDC.D 1.30%.
BlackRock Prepares to Launch Spot Bitcoin ETF in Brazil
BlackRock, the world's largest asset manager, is moving to launch its spot Bitcoin ETF IBIT in Brazil. BlackRock Plans to Launch IBIT in Brazil BlackRock, a leading investment asset management firm, has now identified Brazil as the next target to launch its flagship BTC fund, IBIT. Following approval from the U.S. Securities and Exchange Commission (SEC) and just less than two months after launching its spot Bitcoin ETF, BlackRock is on track to expand its offering into Brazil.
JPMorgan's prediction for Bitcoin to fall to 42 thousand dollars
JPMorgan expects a decline in Bitcoin. Beyond the decline, the bank's analysts, led by Nikolaos Panigirtzoglou, also made a specific prediction and stated that the price could decline up to 42 thousand dollars. Mining, hash rate and production cost details⊠Stating that the halving will seriously increase miner costs, the report stated that there may be a decrease in the hash rate after the halving and included the following statements: âBitcoin production cost has always been a lower bound for the price. Our estimated cost is currently around $26,500. After the halving, logically, this price should increase to 53 thousand dollars. However, after the halving, there may be a 20% decrease in the hash rate as old mining devices lose power and are shut down. This can reduce the production cost to approximately 42 thousand dollars.â
Binance, which has recently delisted many coins, from leveraged tokens to privacy-focused cryptocurrencies, and has also included new style coins on its platform, announced another listing. Exchange; officially announced the Axelar (AXL) token, created with the aim of connecting many blockchains, assets and dApps. Axelar (AXL) will be opened for trading in AXL/BTC, AXL/USDT, AXL/FDUSD and AXL/TRY parities as of 14.30 EST TODAY. While AXL deposit transactions have already started, withdrawal transactions will be opened tomorrow (March 2) at 14.30 CET. AXL will be in the seed category, which includes coins with high volatility and a higher risk rate.
In the 49th episode of Cointelegraph's Hashing It Out podcast, host Elisha Owusu Akyaw and guest Aleph Zero co-founder Antoni Zolciak examine the complex world of the Web3 ecosystem, focusing specifically on privacy-focused projects. Zolciak is deeply involved in the evolution of privacy protocols, highlighting the challenges and advances in protecting privacy in an increasingly digital age. This section also highlights the philosophical and technical foundations of privacy and discusses its effects on individuals and institutions.
Today's Outlook: Bitcoin Struggles with Volatility, Crypto Derivatives Volumes Increase
The Bitcoin (BTC) bull is back, and so are the price swings. BTC has retreated after reaching new highs around $64,000 yesterday and is currently trading at $62,992, up 6.8 percent. The cryptocurrency's 30-day realized volatility, or the standard deviation of price changes over the last 30 days, increased from 30% to 46% in a week. Activity in the crypto derivatives market has also increased. According to Switzerland-based data platform Laevitas, $374 billion worth of crypto futures, consolidated futures and options contracts were traded in the last 24 hours. This is the highest single-day volume seen since November 2021. The increasing demand for leveraged products indicates an increase in risk appetite and price fluctuations caused by sudden liquidations.
North Korean Hacker Group Lazarus Turned Its Attack Focus to the Cryptocurrency Sector
Cyber ââCrypto Week 2 | Current Developments in Cyber ââSecurity and Crypto Ecosystem Curve Finance Hack and LP Payments Our first news comes from Curve Finance. Following a massive $61 million cyberattack, the Curve community decided to pay liquidity providers (LPs). We discuss the effects and importance of this situation on the ecosystem. Lazarus Group Threat Another issue that attracts attention is the latest movements of the North Korean-based Lazarus hacker group. We are conducting an in-depth analysis on the strategies of the group, which has been continuing its attacks against crypto users since December, and the effects of these attacks on the ecosystem.
Dogecoin Price Rises More Than 30%: Will DOGE Rise Further?
Dogecoin price attracted attention by recording a critical increase in the last 24 hours; Can DOGE rise further? Current predictions! Dogecoin Price Rises More Than 30% Dogecoin (DOGE), the world's largest memecoin, is breaking above $0.1 for the first time since November 2022, recording gains of 33% in the last 24 hours. Currently, Dogecoin (DOGE) price is trading up 33% at a price of $0.125 and its market cap is set at $17.91 billion. As the Dogecoin (DOGE) price rose above 12 cents, its 24-hour trading volume increased by a stunning 156% to $4.77 billion. Over the past week, DOGE price has increased by 50%, indicating the beginning of the next bull run. For the fourth time in its history, Dogecoin is issuing a two-week super trend buy signal. Each time this signal has been confirmed in the past, it has immediately led to parabolic price movement for DOGE in the months that followed.
MicroStrategy Shares Gain Strength from Bitcoin: MSTR Shares Target $1000!
MicroStrategy CEO Michael Saylor's company shares gain strength as Bitcoin rises: Can shares rise to $1,000? MicroStrategy Shares Rise Along with Bitcoin Business intelligence company MicroStrategy (MSTR) provides an example of how a company can change its fortunes with a big Bitcoin bet. On Wednesday, February 28, MicroStrategy (MSTR) stock price closed at $962.95, posting gains of 10% for the second day in a row.