Binance, the world's largest cryptocurrency exchange by trading volume, has hit a new milestone with its Web3 wallet. In just three weeks, over 1 million Binance Web3 wallets have been created. This is a significant achievement, as it demonstrates the growing demand for self-custody wallets and the adoption of Web3 technologies.The Binance Web3 Wallet is a self-custody wallet, which means that users have full control over their private keys and funds. This is in contrast to centralized wallets, where users must trust the exchange to hold their funds. The Binance Web3 Wallet also supports a wide range of Web3 applications, including decentralized exchanges (DEXes), non-fungible token (NFT) marketplaces, and decentralized lending platforms.The rapid growth of the Binance Web3 Wallet is likely due to a number of factors. First, the increasing popularity of Web3 technologies is driving demand for self-custody wallets. Second, the Binance Web3 Wallet is easy to use and supports a wide range of features. Third, Binance is a well-established and trusted brand in the cryptocurrency industry.What does this mean for the future of Binance and Web3?The rapid adoption of the Binance Web3 Wallet is a positive sign for both Binance and Web3. It shows that Binance is committed to supporting Web3 technologies and that there is a growing demand for self-custody wallets. The Binance Web3 Wallet could also play a key role in helping Binance to expand its user base and reach new markets.Self-opinion:I believe that the rapid growth of the Binance Web3 Wallet is a positive sign for the future of cryptocurrency. It shows that there is a growing demand for self-custody wallets and that people are becoming more interested in Web3 technologies. I am also excited to see that Binance is committed to supporting Web3 development.Do you think that the Binance Web3 Wallet will help to drive the adoption of Web3 technologies? #BinanceTournament #BinanceWeb3Wallet

Seraph Studio — a international gaming firm backed by major Korean gaming company Actoz Soft, officially launched its action role-playing game (ARPG) ‘SERAPH: In The Darkness‘ on the Arbitrum One platform. The strategic move aims to leverage Arbitrum’s cutting-edge, gaming-friendly web3 technology stack and its rapidly expanding games ecosystem to redefine traditional gaming within the blockchain landscape. “We are thrilled to introduce the SERAPH experience to the gaming world via Arbitrum’s dynamic ecosystem, spearheading the integration of traditional gaming experiences that players cherish into the blockchain arena.” Tobin, CEO of Seraph Studio told Metaverse Post. SERAPH: In The Darkness is a crypto-native ARPG loot Web3 game, that blends dark western fantasy medieval settings with classic gameplay and rich content. The game adopts a free-to-play (F2P) model, providing players with play-to-earn (P2E) opportunities. “SERAPH utilizes NFTs for game assets, allowing players to trade and own valuable items, and integrates in-game tokens for novel financial twists like ‘gold farming’ and community governance. These blockchain elements are seamlessly woven into a classic ARPG gameplay, complete with dark, medieval fantasy settings, rich storytelling, and dynamic character development,” Seraph Studio told Metaverse Post.“This integration ensures that Web2 players can enjoy the familiar aspects of traditional gaming while being introduced to the benefits and innovations of blockchain technology,” the gaming studio added. Leveraging Arbitrum One’s Blockchain for Immersive Gaming Seraph Studio said that Arbitrum One‘s game-friendly infrastructure positions it as the optimal choice for launching SERAPH, which has already garnered significant attention within the blockchain gaming community. The company said that Arbitrum One’s technical features enable Seraph Studio to create a more immersive and interactive gaming world, where blockchain elements like NFTs and token systems are integrated smoothly, enhancing the overall gameplay experience and making it more appealing to a broader range of players. “Arbitrum One’s gaming-friendly tech stack features, like Optimistic Rollup technology, ensure ultra-fast and low-cost transactions, which are crucial for maintaining a fluid and responsive gaming experience. The EVM compatibility to the bytecode level allows for easy integration of complex blockchain functionalities within the game,” said Seraph Studio. “The upgrade to the Nitro tech stack in Arbitrum One, with enhanced capabilities like fraud proofs and a core engine based on Geth compiled to WASM, contributes to a more secure and efficient gaming environment.” In addition to the launch, Seraph Studio has outlined plans to roll out exclusive campaigns and experiences for SERAPH, catering to both web2 and web3 gamers. “Players can enter the game for free and have opportunities to earn in-game assets like NFTs and Soul Spars. These assets can be used within the game or traded in the market for profit. The fundamental asset of Seraph is the Unique NFT series, players can acquire Unique NFTs via in-game drops,” Seraph Studio told Metaverse Post. “These NFTs can significantly boost a player’s abilities and offer unique attributes.” The post Seraph Studio Launches ARPG Web3 Game ‘SERAPH: In The Darkness’ on Arbitrum One appeared first on Metaverse Post.

Singapore-based Algorand Foundation — the brainchild behind the Algorand blockchain, is expanding its Web3 footprint in India and through the AlgoBharat initiative, the foundation is forming partnerships. Algorand announced partnerships with NASSCOM, India’s trade body and chamber of commerce for the tech industry, Mann Deshi Foundation which supports India’s first rural bank for women, and TiE Bangalore, a global venture supporting entrepreneurs. According to the announcement, it will focus on building out Web3 capabilities and providing educational initiatives for the burgeoning Indian Web3 ecosystem. Algorand’s engagement with the Mann Deshi Foundation aims to develop a blockchain-based credit scorecard and identity system for the foundation’s women entrepreneurs. This initiative aligns with the company’s CEO Staci Warden’s vision of pioneering financial inclusion and impacting millions in underserved communities. Moreover, its foray into the country began with partnerships with the Self Employed Women’s Association (SEWA) and academic institutions like Jawaharlal Nehru Technological University and the Indian School of Business, to focus on supporting women-led blockchain solutions and launching faculty development programs. Building on these foundations, it is now enhancing its educational and developmental offerings. To that end, one important development is the collaboration with T-Hub, a tech incubator supported by the Telangana government, to launch “Startup Labs.” This program will provide mentorship to 20 Web3 startups, to nurture the next generation of blockchain innovators in India. The foundation’s expansion in India, marked by strategic partnerships and initiatives, represents a significant move in strengthening the blockchain ecosystem. AlgoBharat Initiative for Real-World Blockchain Utility Early this year, the organization launched AlgoBharat in India. The dedicated initiative is poised to make a substantial impact on the real-world utility of blockchain technology in the country, with implications reaching far beyond its borders. AlgoBharat’s mission is anchored in three key pillars of activity. A concerted effort will be made to broaden the Web3 developer base—an essential component to meet the escalating demands of global blockchain-based enterprises. It is set to actively support and invest in the Web3 startup ecosystem. Through a combination of mentorship, access to capital, and developer support, the initiative aims to nurture the growth of these startups. AlgoBharat also plans to forge strategic partnerships with well-established organizations. This multi-faceted approach positions the initiative as a dynamic force driving innovation, collaboration and growth within India’s blockchain landscape. As the initiative unfolds, its impact is anticipated not only to resonate within the nation but also to contribute meaningfully to the evolution of blockchain technology on a global scale. The post Algorand Foundation Expands Web3 Presence in India, Partners with NASSCOM and TiE Bangalore appeared first on Metaverse Post.

XRP Case Between Ripple and SEC Could Be Settled Today. In a pivotal turn of events, the U.S. SEC is set to convene a confidential meeting today to address crucial matters, with a keen focus on resolving ongoing legal disputes. While the official announcement from the regulator does not explicitly mention Ripple or XRP, it has triggered a wave of speculation among XRP investors regarding the potential outcome of the protracted legal standoff. The current status of the legal battle, extensively detailed by previously, underscores the impending deadline for Ripple and the SEC. The first decade of February 2024 marks the cutoff for completing remedy-related discovery, after which the regulator must file briefs outlining required remedies. Ripple then has a month to formulate objections, leading up to a pending ruling on the proposed remedy. The market's watchdog retains the opportunity to respond to the crypto company's objections by the last week of April. Main hurdles. At the core of the current dispute lies the substantial fine levied on Ripple in the middle of summer. Despite acknowledging XRP turnover on the secondary market as nonsecurity turnover, Ripple faced a hefty fine exceeding $700 million due to transactions with legal entities. The question of a potential settlement remains contentious among experts in cryptocurrency regulation. Some argue that an out-of-court resolution would favor the SEC, while others maintain that the parties are still far from reaching a compromise. #BinanceTournament

300 Billion Shiba Inu (SHIB) Received by Anonymous Whales: Who Is It? A staggering 300 billion SHIB tokens have been transferred to an anonymous wallet. The transaction, originating from cryptocurrency exchange Binance, raises the question: Who is behind this whale-siz ed movement? The transaction hash, viewable in the blockchain's immutable ledger, confirms the transfer's success. With a transaction fee of a mere $3.73, the move has been economically executed, and yet it represents a significant shift in SHIB's token distribution. Given the magnitude of the transfer, the recipient could be an entity with substantial market influence, perhaps an institutional investor or a large-scale crypto entity positioning itself on the meme coin market. The wallet in question, now loaded with an influx of SHIB, has been active, with a pattern of large-scale acquisitions from Binance over the past few weeks. This pattern suggests strategic accumulation, possibly for liquidity provisioning, investment or even preparation for further token burns, which could impact the coin's value. In addition to the transactional activity, the technical analysis of SHIB's price chart offers insights into potential market movements. The chart displays a descending triangle formation, with the price recently breaking below the lower trendline, indicating a bearish outlook. This technical breakdown could lead to further price depreciation if the pattern follows through. However, it is worth noting that the price is hovering above a crucial support level, with the 50-day moving average acting as a potential springboard for a price rebound. Should the anonymous wallet's activities influence market sentiment, we could see an upward price correction as part of a broader response to the wallet's accumulation strategy. It is also possible that the anonymous wallet is tied directly to Binance and could be used for internal operations and liquidity management, which means that such a large transfer will not have any effect on the Shiba Inu market. #BinanceTournament

Shiba Inu (SHIB) Burn Rate up 1,000%, Price Shows Immediate Reaction. Shiba Inu (SHIB) has witnessed a significant milestone as the burn rate for the token has surged by an astonishing 1,000%, and the token's supply keeps on s hrinking. Unfortunately, it might not be enough. Analyzing the recent price chart of SHIB, the currency demonstrates a notable response to the burn. Despite the broader market's movements, SHIB has managed to carve its own path. Post-burn, a slight uptick in the price showcases the immediate impact of reducing the circulating supply. This is viewed positively by holders who anticipate that a decrease in supply with steady or increasing demand could lead to a price increase. The price chart illustrates SHIB navigating through a consolidation phase, with a recent breach below a critical ascending trendline. This breach was quickly followed by a recapturing of the trendline, indicating that the burn news may have spurred investor confidence, leading to buying pressure that helped SHIB regain its footing above this technical support level. In the grand scheme of things, the overall cryptocurrency market, as depicted by the Bitcoin (BTC) chart, shows a healthy consolidation pattern, with Bitcoin maintaining a steady position near its recent highs. Bitcoin's price action often sets the tone for the altcoin market, and its current strength provides a stable backdrop for coins like SHIB to capitalize on individual catalysts, such as the burn event. The fact that SHIB's price has shown resilience and an immediate reaction to the burn event, even when Bitcoin's price is experiencing a consolidation phase, highlights the relative independence of meme tokens from Bitcoin's performance. However, investors should keep in mind that assets like Shiba Inu tend to follow bigger meme coins or altcoins like Ethereum, which in their turn are heavily affected by Bitcoin's movements. #BinanceTournament

Millions of people across the globe use crypto every day to take control of their finances, from changing careers in Africa to offsetting inflation in Asia – everyone has their own story. We are proud to reveal our new campaign ‘Crypto is better with Binance’ where we meet ten of our users to discover how they have used crypto to improve their lives. Through this series of short films, we get a glimpse into the personal journeys of these Binance users across regions including Asia, Africa, the Middle East, Europe, and Latin America. Their real-life stories take us inside the unique ways in which they have leveraged the power of crypto and Web3. "These diverse stories provide a snapshot of our 165+ million users worldwide, illustrating how they're taking control of their finances," explains Rachel Conlan, Chief Marketing Officer at Binance. "This series is part of our continuous effort to spotlight the use cases that define how Binance products and services support people today. Billions of people are yet to explore this space and content series like this one help amplify the empowering nature of crypto for everyone."In the following weeks, we will be rolling out new films every Monday and Thursday starting on November 30, with each film shining a light on the challenges, breakthroughs and insights that have helped shape their experiences. Join Lauri, Hugo, Angela, Aman, V, Francimaria, Mustafa, Svitlana, Imed and Pierre as they open up and tell their stories on camera. You can catch the latest videos on the ‘Crypto is better with Binance’ landing page.As part of the campaign a Spot Trading Competition will run consecutively with a share of over $100,000 in crypto rewards up for grabs! The competition runs from November 30, 13:00 UTC - December 18, 23:29 UTC, 2023. To find out more and participate please head to the competition page here.Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.