⭐️ Calling all Binance Futures traders! 📢⭐️ The Binance Futures Grand Tournament is now open for registration! 🎉 Compete for a share of a massive $2,000,000 USDT prize pool! 💰 There are three ways to win: Team Competition: Compete with your team for the best Profit and Loss (PnL) performance. Copy Trading Competition: Become a Lead Trader or predict the top Lead Trader of the week. Battle of the Bots: Create a Futures Grid Trading Bot and climb up the Return on Investment (ROI) leaderboard. Don't miss out on this chance to win big! 💸 👇 Register now #BinanceTournament #FuturesTrading #WinBig

The announcement of the global technology network IOTA registering a development foundation in Abu Dhabi gave a huge boost to its native token, IOTA, propelling its price by roughly 38% since yesterday. The IOTA Ecosystem DLT Foundation has become the first to get a nod from Abu Dhabi regulators after its financial authority passed a new regulatory framework for blockchain foundations earlier this month. IOTA’s $100 Million Abu Dhabi Foundation To Drive DLT Growth The open-source blockchain developer IOTA has made history by becoming the first blockchain foundation, the IOTA Ecosystem DLT Foundation, registered under the DLT Foundations Regulations created by the Abu Dhabi Global Market (ADGM) financial regulator. According to the Nov.29 official statement, the new foundation will be funded by $100 million in IOTA tokens, which will be locked up for the next four years. The initiative is aimed at accelerating the development of IOTA’s distributed ledger technology (DLT) and “convert real-world assets into digital ones”. “The market right now is being reshuffled so we have a big opportunity to position ourselves by focusing on onboarding institutions, offering them to work on-chain because now it’s more feasible to do that in the UAE,” the firm’s co-founder and chairman Dominik Schiener explained. Besides expanding its technology to support developments in the Middle East, IOTA, a cryptocurrency platform aimed at supporting the Internet of Things, will also start tokenizing assets. This historic feat puts IOTA at the forefront of digital and real-world convergence in the financial sector, both in the MENA region and globally. IOTA Price Makes A Splash The registration of the IOTA Ecosystem DLT Foundation under ADGM had a considerable impact on the price of the token. IOTA soared from 17 cents to as high as 28 cents shortly after the news emerged, reaching its highest level since February. The token has since settled around $0.237 at press time. The latest development comes after IOTA announced plans in September to launch a regulated entity in Abu Dhabi to promote the network’s international expansion. Notably, IOTA is one of many crypto companies that received approvals from regulators in Abu Dhabi in recent weeks. India-based digital asset custody and wallet infrastructure provider Liminal also scored the regulatory OK from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) earlier this month.  Further, Paxos on Wednesday secured in-principle approval to issue the United States dollar-backed stablecoins in Abu Dhabi. The string of approvals comes as Abu Dhabi intensifies its efforts to fortify its position as the leading jurisdiction for the blockchain industry.

Yesterday Bitget closed OTC and it felt weird. Announced today to suspend new user registration in mainland China The next action should be 1. Register via email just like Matcha 2. Announced withdrawal from the mainland market (actually continued registration) 3. Focus on market compliance and obtain licenses 4. Pay the fine and prepare to send money to sec 5. The boots are off and the CEO is replaced. It feels like all exchanges will go through the same path that Binance has gone through.

🚀🚨 Last Chance to Grab your $2 Millions Golden Oppurtunity 🌐 Key Dates: - Registration Opens: November 27, 2023 - Tournament Duration:** November 27 to December 24, 2023 Prize Categories: 1. Team Competition: - Prize Pool: Up to 1,250,000 USDT - Top 20 teams ranked based on Team Daily PnL - Rewards distributed with 45% for the top three teams and 55% for the next top seventeen teams 2. Copy Trading Competition: - Prize Pool: Up to 350,000 USDT - Engage in copy trading, become a Lead Trader, or predict the top Lead Trader of the week 3. Battle of the Bots: - Prize Pool: Up to 200,000 USDT - Showcase the effectiveness of your trading bots, ranked by ROI - Top 20 futures grid trading bots earn a share of the prize pool 4. Welcome Rewards: - Prize Pool: Up to 200,000 USDT and 1 BNB - Specifically for new futures traders engaging in futures trading for the first time How to Participate: 1. 🌐 Open a Binance Futures account. 2. 🔒 Complete Identity Verification for compliance and security. 3. 📝 Register for the Futures Grand Tournament to enter all competition categories. 4. 🆕 Newcomers: Open a Futures account, fund your Futures Wallet, and trade during the tournament period for a chance to share the prize pool. 5. 👉 Comment (Done) under this post Checklist for Participants: - 🌐 Enter the Trading Arena by opening a Binance Futures account. - 🔒 Complete the Identity Verification process. - 📝 Register for the Futures Grand Tournament to participate in all categories. - 🆕 Newcomers can claim a 1 USDT Futures Bonus Voucher by funding their Futures Wallet. Leaderboard and Progress: - 📊 Leaderboard updated daily at 6 AM (UTC). - 📈 Track progress, adjust strategies, and climb the ranks for a chance to win from the substantial prize pools. Conclusion: The Binance Futures Grand Tournament presents an opportunity for both seasoned and new traders to dive into the future of trading, learn, compete, and potentially win significant prizes. 🚀📈 #BinanceTournament

Bangalore, November XX, 2023 — India Blockchain Week (IBW), the country’s flagship series of blockchain and Web3 events held in Bangalore from Dec.4-10, is delighted to announce that the attendees are going to have unparalleled opportunities for networking, collaboration, and discussion at the weeklong festival. There will be over 60+ web3 events, including flagship events such as the headline IBW Conference, ETHIndia, Polygon Connect, Polkadot Pulse, FILBangalore and many other side-events, networking events, workshops, parties etc hosted by Indian & global blockchain industry stakeholders. The IBW ’23 Conference boasts an impressive roster of speakers, promising thought-provoking discussions and insights. Vitalk Buterin will be apprearing in a virtual keynote address to talk about the Ethereum ecosystem and its future. Sandeep Nailwal will engage in a fireside chat, discussing the Indian ecosystem and the advancements in Polygon 2.0. Mo Shaikh will deliver a keynote speech focused on the Move ecosystem and how Aptos enhances scalability and speed to enhance user experience. Sebastien, in his keynote, will explore the future of the metaverse and how brands can unlock value in digital worlds. Emin will participate in a fireside chat, discussing strategies for fostering web3 adoption through subnets/appchains. IBW has also announced 6529 as their NFT Art Partner for this year’s conference. They will showcase selected pieces from the “Memes by 6529” collection and the 6529 Museum during the event. 6529 is a prominent brand and individual in the digital art space, known for its extensive collection of NFTs, focus on permissionless art and culture, and its mission to accelerate the development of an open metaverse. Besides the IBW VIP Dinner, IBW After Party, and Hashed Founders Night organized by IBW and Hashed Emergent, here are some of the key highlights of the industry gathering: ~ IBW’23 Conference: Hosted on Dec.6-7, 2023 at the Sheraton Grand Whitefield, it features keynote speeches and panel discussions on the latest developments and opportunities in the web3 space, and examining the policy landscape. The headline conference also includes a demo day and a hackathon. ~ Demo Day: The Demo-Day will be held on 7th December from 2-6 PM to spotlight 12 notable Indian Web3 startups at the IBW’23 Conference venue. This 4-hour demo day will cater to the broad audience  including investors, founders, builders and others. It is organized in partnership with elite companies, VC funds and accelerators including Aelf Ventures, Hashed Emergent, Graviton, Coinswitch, and Google Cloud. Registration link: https://demoday.indiablockchainweek.com/ ~ Hackathon: The virtual hackathon on Dec.6 is expected to see the participation of over 2,500  enthusiastic individuals. Organized by IBW and HackerEarth, the hackathon will conclude on a 250-member stage at the IBW’23 Conference venue. This is a unique opportunity to engage with emerging talent, attract new developers to the blockchain arena, and expand the blockchain ecosystem in India. We eagerly anticipate recognizing outstanding achievements and fostering collaboration within the blockchain community during this exciting hackathon. ETHIndia: Organized by Devfolio and ETHGlobal from Dec.8-10, it is one of the world’s largest Ethereum hackathons, hosting over 1,500 builders and 25+ workshops. Polygon Connect: Set for Dec.7, Polygon Connect India is the celebration of this region’s leg of DevX Global Tour, a global gathering of tech builders and innovators. Polkadot Pulse: Another prominent side-event on Dec.7. It’s a one-day conference filled with Polkadot innovations, thought-provoking conversations, and community gathering. FILBangalore: The Indian edition of Filecoin’s global event series. Spanning across Dec.3-4, it focuses on providing developers the tools, resources and guidance to build for the decentralized future. Pragma India: Organized by ETHGlobal, Pragma is a one-day, single-track summit with intimate, high-quality talks by industry leaders for a global audience. The IBW organizers would like to thank the sponsors for their help in making it the most important event in the country for conversations about crypto, blockchain, and Web3. Avalanche is IBW’s top-flight title sponsor while the roster of gold sponsors includes Polkadot, Internet Computer, Near, Glip, Ledger, Aptos and Hunch.

Binance made the announcement that it will be launching its Web3 wallet at the beginning of November. The company said that the wallet would bring an extra billion people to product offerings from Web3. On the other hand, according to Bloomberg, MetaMask, which is the most popular cryptocurrency wallet in the world, has just 21 million active users. Then why would Binance anticipate reaching one billion? The grounds for making such a bold remark are straightforward: it is a product that Binance offers, it is handy, and there is a possibility that there will be a lot of improvements in the future that will make this wallet similar to Apple Pay in terms of its standardization. Let's jump right in. How does the Binance Web3 Wallet work? The Binance Web3 Wallet is a wallet that stores cryptocurrency in a custodial storage facility. In all honesty, if you have ever used a service like MetaMask, TronLink, Trust Wallet, or any other service that is comparable, accessing Binance's wallet will be a snap for you. It support 38 of the most prominent blockchains, enables token trading through decentralized exchanges (DEXs), and enables cross-chain bridging using Binance Bridge. Additionally, it allows for wire transactions to be made directly from Binance to Web3 Wallet and vice versa. Therefore, what are the advantages, and why would a centralized exchange such as Binance introduce a wallet that is designed exclusively for decentralized finance? You are able to use decentralized applications (dApps), such as Uniswap, Aave, Curve Finance, and many more. It is obvious that Binance's goal is to increase the number of users on its BNB Chain. You have the ability to purchase meme coins before to their registration on any centralized exchange. This means that you are able to send and receive any token, even if Binance or any other centralized exchange does not currently handle that particular token. On the other hand, this fantastic functionality comes with a number of severe drawbacks. First, regardless of what Binance may claim about self-custody, it is a wallet that is held in custody. Using multi-party computation (MPC) technology, the private key that controls your wallet address is divided into shards and saved on your device, in a cloud storage that is secured with a password, and on Binance's servers as well. This ensures that your wallet address is protected during the whole process. You will not even be able to decipher your private key or seed phrase, and you will not be able to back it up on paper in the same way that you can with conventional wallets that do not require custodial services. As is the case with ordinary backups, MPC makes it possible for you to retrieve your wallet in the event that you misplace your smartphone. Second, in order to use this wallet, you will be required to pass the Know Your Customer (KYC) test. Considering that your Binance Web3 Wallet is connected to your Binance account, the on-chain transactions that you conduct using your "Web3" wallet are not only pseudonymous; rather, they are accompanied with a label that includes your name and surname, in a figurative sense. Third, although it makes an effort to be the most comprehensive and cutting-edge wallet possible by supporting intricate chains like Axelar and Injective, it does not support Solana, NEAR Protocol, Tezos, and a few other chains that are highly popular. It is possible that the developers are unable to implement all of the chains that are supported by Binance due to technological constraints and deadlines; nonetheless, this circumstance appears to be somewhat peculiar. The consequences of the compromises are rather severe, as can be shown. This brings up an important question: how can this wallet, which is primarily generic, bring in an additional billion people to Web3? The answers are straightforward: the pool of crypto enthusiasts is small, and the majority of people do not care about any of the aforementioned topics. It is possible to implement the plan to attract one billion users. Now, let's talk about MPC that has a storage facility for private keys. Due to the fact that they are accustomed to placing their faith in centralized exchanges, banks, governments, and other institutions, the normies do not worry about self-custody. They are not prepared and are not willing to take care of their keys, and Binance is not compelled to use its wallet rather than Trezor, Bitcoin Client, or any other wallet that we like to use in order to feel secure. The onboarding process is made easier by multi-party computation. There are no peculiar terms to support, and there are no bottlenecks in the process. Create the wallet, add funds to it, and then farm those three to one hundred percent annual percentage yields on whatever decentralized finance platform you want. The majority of consumers are accustomed to going through Know Your Customer procedures. On each and every occasion, they are required to provide their identification, and there is no question that they would divulge their personal information to another individual for the very last time. A complicated denial of service strategy or anonymity? They frequently have difficulty with chores such as backing up their seed phrase, and they are inclined to farm or purchase whatever the wallet offers at the moment, even if doing so requires them to disclose their transactions to law enforcement organizations. It is true that the global ecosystem wallet that does not support some of the top ten chains appears peculiar; however, this is only the case if you are not familiar with the politics and controversies surrounding cryptocurrencies. The blockchains with which Binance has a positive relationship were added to the Web3 wallet, while the remaining chains were left off-board. There is a possibility that the team will add support for Solana (SOL) in the future; however, this is not the case at the moment. #Web3Wallet #crypto2023 #BinanceTournament

The United States’ approach to cryptocurrencies could do more harm than good and they risk losing major players by the time they “get their act together,” Cardano founder Charles Hoskinson has said. “When you look at some of the U.S. regulators, in particular, they’ve done a really good job of alienating most of the industry. They aren’t clear at all,” Hoskinson told Cointelegraph on the sidelines of the recent Abu Dhabi Finance Week. Charles Hoskinson with Cointelegraph Arabic journalist Hermi De Ramos at the Abu Dhabi Finance Week. Source: Cointelegraph He took a jab at the perceived inconsistency in applying decentralization standards by the U.S. Securities and Exchange Commission (SEC), stressing that Cardano (ADA) did not conduct an initial coin offering (ICO) and saying ADA vouchers were sold in Japanese territory with no U.S. participation. “I guess, apparently, that’s under U.S. jurisdiction,” Hoskinson said. “There was an airdrop, but people then sold on Binance and Bittrex… According to the recent court ruling with Ripple, that’s not an investment contract. So it was never really clear how that applies.” Hoskinson also pointed out that Ethereum, which he said conducted an ICO for their Ether (ETH) token without implementing mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, and Bitcoin (BTC) were labeled non-security for “some reason.” He said: “There are a lot of facts and circumstances that are insanely ambiguous, and it seems like it’s just the monster of the week. And if they can’t have success with a layer-one, like Ripple, then they go hit the exchanges… That's not really a well-formed policy.” On Nov. 20, the SEC filed a complaint in a federal court, alleging that crypto exchange Kraken commingled customer funds and failed to register with the regulator. In the complaint, the SEC listed 16 cryptocurrencies it considered securities, ADA. Hoskinson contends that the registration process with the SEC is vague as “it’s not possible to actually operate these systems in a reasonable way.” He argued: “How can any issuer understand who holds the cryptocurrency when they have no control over the distribution? How can you do KYC and AML on every single person in an open decentralized protocol? If the issuer goes out of business and the protocol still operates, what happens? Who registers? Asked what he wants to see from regulators, Hoskinson said they have to introduce clear, unambiguous policies and implement an open door policy between the crypto industry, regulators and legislators to resolve issues and, if necessary, update laws to reflect emerging technologies. But while he believes litigation will continue, Hoskinson is positive that the regime and policies will change over time: “What we’ll likely see is a law passed that removes the ambiguity like the [Financial Innovation Act]... and there will be some regime that between the CFTC and the SEC to sort all of this out.”