Binance announces Ledger partnership
Binance has officially partnered with Ledger, the leading manufacturer of hardware wallets.
The newly revealed agreement allows Binance users to buy cryptocurrencies straight from their Ledger bank cards. The coins then go directly to their blockchain address through a secured Ledger device.
Meta to let users mint and sell Polygon-powered NFTs on Instagram
Instagram users will soon be able to use the site to mint, showcase and sell digital collections powered by NFTs on Polygon.
This new feature will give creators a new way to engage with and monetize their fan communities.
BNB Chain DeFi ecosystem recovers almost one-third in three months
According to DappRadar BNB Chain Report Q3, BNB Chain retained its position as the second biggest DeFi blockchain after Ethereum, with a total value locked (TVL) of $7.6 billion.
The TVL of $7.6 billion represents a 28.67% increase from BNB Chain’s Q2 performance. The blockchain also represents 36.6% of the market share for GameFi ecosystems, which is followed by Ethereum at 20.2% and Polygon at 11.8%.
Evmos raises $27 million in token sale
Tharsis Labs – the core developer of Evmos, a blockchain that allows for cross-chain transactions between Ethereum and Cosmos – raised $27 million in a token sale led by Polychain Capital.
The funding will go toward hiring more engineers, developing strategic partnerships and building out the Evmos ecosystem of interoperable decentralized applications (dapps).
Chain Pick n Pay accepts Bitcoin payments
Pick n Pay, which is one of South Africa’s largest supermarket chains, is now allowing customers to pay with Bitcoin (BTC) using any Lightning Network-enabled app, according to South Africa’s The Times.
The Lightning Network is a layer 2 scaling tool for the Bitcoin blockchain that reduces the time it takes to send a transaction and that is also much cheaper than the main Bitcoin network, making it more appealing to merchants.
Mask Network price jumped 60% as crypto market bled
Binance announced it would launch the Bluebird Index perpetual contracts with up to 25x leverage. The index will comprise Binance Coin (BNB), Dogecoin (DOGE), and Mask Network (MASK).
While there hasn’t been a noticeable effect in the price of BNB or DOGE, the Mask Network price has pumped by 65% right after the announcement, leading to a high of $4.12. MASK is now trading at $5.17.
Federal Reserve hikes rates as expected, Bitcoin rises
The U.S. Federal Reserve on Wednesday raised interest rates by 75 basis points (0.75 percentage point) to a range of 3.75% to 4%. However, Fed Chair Jerome Powell said that the Fed could ease off of its three-quarters-point hike pace in December or January.
Following the above news, Bitcoin fell to $20,048 before recovering slightly and trading in the $20,100 – $20,300 range in the hours that followed.
79% of American adults say U.S. needs clearer crypto regulations
According to a survey conducted by The Harris Poll, 79% of respondents believe the U.S. should provide clearer crypto regulations.
53% said they see crypto as the “future of finance.” Approximately one-fifth of people surveyed said they own cryptocurrencies like Bitcoin, Ethereum, Dogecoin or USDC as an asset or investment tool, while 6% said they owned NFTs.
Bitcoin hashrate hits all-time high as Bitcoin holds above $20k
Bitcoin’s hashrate has hit a new all-time high of 331EH/s, according to data from Glassnode.
While the increase in hashrate has made the network more secure, it also results in higher costs for mining Bitcoin. A higher hashrate means a higher network difficulty and, thus, a reduction in the BTC generated per kW of energy.
South Korean regulators aim to toughen crypto fraud punishments
In the aftermath of the Terra collapse, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital currencies — and harshening penalties for unfair trade acts in the industry.
According to local media, the Financial Services Commission (FSC) and the National Assembly are working to pass a bill that would enable financial authorities to monitor and punish unfair trade practices such as the use of undisclosed information and price manipulation.