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🚀 Binance puts the 'B' in BSC! 💰
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | A wonderful Wednesday awaits, Geckos! Yuga Labs, the inventor of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), has partnered with Gary Oseary, the founder of the media manager Maverick. The agency represents many celebrities, including Britney Spears, Doja Cat, Kim Petras, The Weeknd, and Madonna. BAYC is the second NFT project to collaborate with mainstream Hollywood representation this year, following the signing of CryptoPunks founders Larva Labs with the major talent agency United Talent Agency in late August 2021. In today's news, Binance announces $1 billion accelerator fund to expand BSC ecosystem, Coinbase teases a NFT marketplace, and Binance ceases Chinese yuan OTC trading. Read on! | | |
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| Binance's Billion Dollar Fund Binance has unveiled a $1 billion accelerator fund to enhance the capabilities of the Binance Smart Chain ecosystem and accelerate mainstream adoption across the financial technology sector. The eight-figure money was presented in a tiered development approach, which will span four specialist areas at the exchange. The investment and incubation program will focus on the multi-chain expansion of already blooming technology spheres, including metaverses, gaming, virtual reality, and artificial intelligence. Cointelegraph | | Coinbase Wants In On NFTs Too Crypto exchange giant Coinbase has launched "Coinbase NFT," a service that pledges to make it simple for customers to mint and buy NFTs. Coinbase NFT will be a peer-to-peer marketplace designed to enable creativity with an intuitive design built on top of a decentralized marketplace, according to a blog post from the company. The company has also announced a waitlist for clients to sign up for the NFT service, but no precise date for when it would be accessible was given. Decrypt | | Chinese Yuan Crackdown Following China's recent crypto trading crackdown, Binance has announced that it will cease the marketplace for Chinese yuan over-the-counter (OTC) trading on its platform. Furthermore, the exchange stated that it would restrict access for mainland Chinese customers but did not specify if it would terminate all China-based accounts. "If the platform finds out mainland China users, Binance will restrict such accounts to the withdrawal-only mode. Users will only be able to withdraw assets, cancel orders, redeem or close positions," according to Binance's statement. TheBlockCrypto |
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