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.
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“Now Abra users in the Philippines can quickly and easily add pesos into Abra and use that to invest in cryptocurrencies or popular stocks like Google, Amazon, Facebook, etc., which opens up a world of new possibilities to build wealth.”The investment app Abra was in the news back in February as well. Then, it said that it was launching a new service which allowed customers to invest in fractions of stocks of NASDAQ-listed firms. The app also supports 30+ cryptocurrencies and 50+ fiat currencies. According to the general manager at ECPay, this partnership “widens the product and service offerings of ECPay to its Collection Partners like 7-Eleven, NCCC Department Stores and Supermarkets, LCC Malls and other Remittance, Pawnshop partners." For those of you who don't know or are not following our altcoin news, the Philippines adheres to the Cagayan Economic Zone Authority (CEZA) which unveils a comprehensive set of new rules that govern cryptocurrencies. All of this was made in a bid to effectively regulate and protect investors. Under the rules, all Digital Asset Token Offering (DATO) regulations must have proper offering documents with pertinent details on the issuer, project and accompanying advice and certification of experts and DA Agents.
Wells Fargo Tokenizes Cash But Avoids Calling It A Cryptocurrency
“We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way. Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world.”Wells Fargo tokenizes by using the possibility of transitioning to a new internal database. One of the former senior blockchain and crypto strategists at EY previously commented:
“I’m genuinely curious as to the definitional difference, and then the supposed improvements. How many people can explain how this solution is technically different than what banks have always done? […] They’ve just changed their database.”This is not the first rodeo for the ecosystem and this year since many stakeholders in the space including the non-profit groups explained the characteristics of JPMorgan’s JPM Coin which was a project permissioned and closed-source. JPMorgan is also looking as Wells Fargo to innovate in the blockchain arena as reported in the altcoin news previously. The central banks are getting in on the action as well since the Bank of Russia is also working on a blockchain-powered digital currency while the People’s Bank of China aims to launch its own cryptocurrency as well.
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