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Binance integrates Ethereum Layer 2 scaling solution, Arbitrum One

Arbitrum One core network has now been fully integrated by Binance, the cryptocurrency firm announced earlier today. This has paved the way for Ether withdrawals on Arbitrum One Layer 2, which is a scaling solution for the Ethereum network. Arbitrum One is the beta mainnet of a layer-2 optimistic rollup protocol that enables off-chain Ethereum transactions that are faster and cheaper as compared to the Ethereum mainnet. Binance users can now deposit all ERC-20 tokens from the Ethereum network, with the Arbitrum side chain at lower costs, and all users

Several Altcoins Reach New All-Time Highs – Biggest Weekly Gainers

BeInCrypto takes a look at the seven altcoins that increased the most during last week, specifically from Nov 12-19.Sponsored Sponsored These altcoins are: WAX (WAXP) : 67.30% The Sandbox (SAND) : 62.80% Crypto.com Coin (CRO) : 49.40% Avalanche (AVAX) : 28.60% Decentraland (MANA) : 26.78% IoTeX (IOTX) : 16.45% Enjin Coin (ENJ) : 6.73% WAXP WAXP has been moving upwards at an accelerated rate since November 11, when it bounced at the previous all-time high resistance at $0.48. In a span of only six days, WAXP increased by 106%. This

Xbox Boss Phil Spencer Addresses Rise of NFT Gaming; Feels Some of It Is “Exploitive”

Phil Spencer, executive vice president of gaming at Microsoft and the individual responsible for the Xbox program, has addressed the NFT gaming phenomenon trending recently. To Spencer, some of the platforms that leverage the use of NFTs feel more exploitive than entertaining. Some of the biggest developers and publishers in the gaming industry have already signaled their interest in introducing NFT elements to their games. Phil Spencer Not Immediately Supportive of NFTs Phil Spencer, responsible for the Xbox program at Microsoft and one of the most recognized executives in the

Xbox Boss Phil Spencer Addresses Rise of NFT Gaming; Feels Some of It Is “Exploitive”

Phil Spencer, executive vice president of gaming at Microsoft and the individual responsible for the Xbox program, has addressed the NFT gaming phenomenon trending recently. To Spencer, some of the platforms that leverage the use of NFTs feel more exploitive than entertaining. Some of the biggest developers and publishers in the gaming industry have already signaled their interest in introducing NFT elements to their games. Phil Spencer Not Immediately Supportive of NFTs Phil Spencer, responsible for the Xbox program at Microsoft and one of the most recognized executives in the

Commonwealth Bank CEO Warns About The Biggest Risk of Crypto, Its Not What You Think

Matt Comyn, the CEO of Commonwealth Bank of Australia in a recent interview with Bloomberg revealed what he believes is the biggest risk with crypto today. Comyn said, given the rise of digital assets as the alternative investment sector, the biggest risk of crypto is “missing out.” He explained, even though the crypto market is relatively volatile, banks must work towards incorporating the tech to fulfil consumer demand. Failing to do so will leave banks out of the market completely. Comyn said, “We see risks in participating, but we see

Weekly Cryptocurrency Market Analysis: Altcoins Fail to Sustain Recent Rallies, Lose Strength on Bear Market

Nov 17, 2021 at 11:00 // News Cryptocurrencies failed to continue recent rallies as altcoins fell back to their previous lows. OMG Network lost all of October's bullish gains and became the biggest loser of the last 7 days. OMG Network Since October 4, OMG Network (OMG) has been trading below the overhead resistance of $18. On November 4, buyers pushed the altcoin to retest the overhead resistance. The cryptocurrency formed a bearish double top that led to a downside move. The selling pressure erased the bullish gains from October.

‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 +0.4% Ether (ETH): $4,562 -1.7% Market moves Bitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live. The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m.

9 Random Questions About Shiba Inu Answered

As the meme coin hype continues, more and more people are finding out about Shiba Inu and crypto in general. As a result, there are many random questions surrounding Shiba Inu that many newcomers to crypto might not know the answers to. Let’s go over some of the most popular questions on Google that people have about Shiba Inu.Is Shiba Inu coin real? One of the most popular questions is whether or not $SHIB is real. Shiba Inu is real in the sense that it’s a ERC20 token that can

9 Random Questions About Shiba Inu Answered

As the meme coin hype continues, more and more people are finding out about Shiba Inu and crypto in general. As a result, there are many random questions surrounding Shiba Inu that many newcomers to crypto might not know the answers to. Let’s go over some of the most popular questions on Google that people have about Shiba Inu. Is Shiba Inu coin real? One of the most popular questions is whether or not $SHIB is real. Shiba Inu is real in the sense that it’s a ERC20 token that

Crypto Exchange KuCoin Global Storytelling Agenda

KuCoin is one of the flagship crypto exchanges. It is famous for its advanced level of security and ease of use to transact and store cryptocurrencies. The crypto exchange features multi-layered security that serves alongside micro-withdrawal wallets, industry-standard multi-layered encryption and a top-tier multi-factor authentication.  With its level of diligence, KuCoin has earned its rightful place as the number one crypto exchange. It provides ultra-modern operations to allow users to trade enormous volumes while levelling up through the top of the line provisions. The leading altcoin exchange A home of hidden gems, KuCoin