Binance Launchpad projects seem to be making spectacular returns after the CEO of the company congratulated the platform on Twitter. Following the latest cryptocurrency news, the Binance Coin is also increasing and reached up to 40% increase since the hack.
The Binance Coin (BNB) did well after the massive hack where 7,000 bitcoins were stolen from the hot wallets of the exchange. In the meantime, the success of the Binance Launchpad projects in offering new crypto to investors is boosting the business and keeps up the demand for the coin high.
Even before the retail investors and Wall Street hedge funds started closing up on bitcoin this spring, the Binance Launchpad was the leading altcoin in 2019. It was the best gainer among the top 100 cryptocurrencies and still manages to hold that position.
Back in February as reported in the altcoin news, the Binance Launchpad projects resulted in the issuance of two token-sale sessions for TRON’s Founder BitTorrent (BTT) which was for the purchases in BNB coin and the other for purchases in TRON (TRX). The token sale ended in less than 15 minutes. If binance deployed more computing power it might have influenced the process in terms of time and could have completed the ICO in less time.
Binance Launchpad’s Fetch (FET) token sale was over in 10 seconds. Those who managed to buy it off the platform have managed to make 119 percent returns on their investments. Also, Celer (CELR) and Matic (MATIC) in April generated up to 126% and %620 gains from the Launchpad prices.
All of the Binance Launchpad projects are selected carefully. The applicants that are chosen enjoy the support of the startup accelerator. They also gain resources and direction but most importantly, the reputation that comes along with the Binance name. A large part of the value in the binance Launchpad comes because of the professionals hired to do their job which is helping the investors what coins to buy.
The value in Binance comes also with the professionalism, knowledge, and competence of Changpeng Zhao and his team. Crypto investors seem to believe in the largest crypto exchange platform by volume since they are pouring their money into it.
BNB Coin Analysis: Altcoin Remains In Uptrend Despite Recent Decline
Meet Libra: Deep Technical Analysis Of Facebook’s Cryptocurrency
“Enable a simple global currency and financial infrastructure that empowers billions of people”According to Facebook, the Libra project is decentralized but on its basis is actually semi-decentralized since it is controlled by a handful of corporations. The founding members of the crypto project include payments with the help of Visa, PayPal, PayU, and Mastercard. Also, technology and marketplaces helped by eBay, Farfetch, Lyft, MercadoPago, Spotify and Uber Technologies. Next, telecommunications with the help of Vodafone group, blockchain with the help of Coinbase, Xapo Holdings Limited and Bison Trails. The new project is also supported by venture capitalists such as Breakthrough Initiatives, Ribbit Capital, Andreessen Horowitz, and Thrive Capital. As mentioned in the latest cryptocurrency news, the whitepaper says that the ultimate goal is to become permission less blockchain but prior to this Facebook will set up the validators in order to make sure they create a monopolistic position over the network. Any company with a $1 billion valuation can now join the Libra’s affiliation.
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Ripple And MoneyGram Join Forces: $50M Investment On The Way
“Through Ripple’s xRapid product, we will have the ability to instantly settle funds from U.S. dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.”As the website shows, MoneyGram is the second largest payments firm in the world. The coming altcoin news and its partnership with Ripple will also help the blockchain firm to gain presence in more than 200 countries (where MoneyGram actively operates). Much of the company's business lies in the remittances market, which value is estimated at around $600 billion. The CEO of Ripple, Brad Garlinghouse, also shared his excitement about the new Ripple and MoneyGram partnership, stating:
“This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies."Payment processing and sending money globally through the blockchain are definitely something that can be improved with this new partnership. By joining Ripple's growing and global network, financial institutions can process their customers' payments anywhere in the world instantly, reliably as well as cost-effectively.
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