​This Week at Binance: Dec 17—24, 2021

In right now’s version of This Week at Binance (Dec 17—24, 2021): CZ dropped an FAQ on all issues crypto, we launched BNB Auto-Burn and launched a listing of last-minute crypto present concepts for Christmas.

Fellow Binancians, 

Christmas arrives tomorrow! Hopefully, everybody’s made the ‘nice list’ in time for Santa. If you haven’t gotten a present but, hold studying to seek out some last-minute crypto goodies earlier than the Christmas gatherings begin.

Weekly Market Recap: Christmas Green

This week we noticed the whole crypto market cap improve 9.1%, from $2.19T on Dec 17 to $2.39T at the time of writing. 

Bitcoin (BTC) began the week within the 40k vary earlier than ending with a rally to the 50k mark. BTC at present trades at ~$51,007 as of writing.

During the identical interval, Ethereum (ETH) adopted an analogous motion earlier than ending the week with a rally to the $4k mark. ETH at present trades at ~$4,089 as of writing.

1. One Coin or Millions of Coins?

Hear from CZ as he reveals his ideas, opinions and insights on creating and issuing your undertaking coin/token. 

Hear from CZ

2. Introducing BNB Auto-Burn

In response to group suggestions and feedback, we’re formally transitioning from BNB quarterly burn to BNB Auto-Burn. This transfer will present larger transparency and predictability to the BNB group.

Learn more about BNB Auto-Burn

3. Crypto Gifts for Christmas—They Exist!

Forget the boring festive presents or the PS5 you missed out on and decide up some crypto as an alternative. It’s a assured hit dialog starter on your family and friends this vacation season. Plus, crypto presents are on the spot, so that you gained’t have to fret about restocks or late deliveries.

Discover last-minute crypto gifts

What’s Ticking on The Exchange?

New listings this week:

  • Spell Token (Spell): Spell is the governance token for Abracadabra, a multichain lending protocol that makes use of interest-bearing tokens as collateral to mint a USD pegged stablecoin – Magic Internet Money (MIM). 

  • TerraUSD (UST): TerraUSD (UST) is a decentralized algorithmic stablecoin for the Terra blockchain.

Innovation Zone:

  • Convex Finance (CVX): Convex Finance is a yield optimization and automation protocol constructed on prime of Curve Finance. It permits customers to obtain boosted CRV and liquidity mining rewards with minimal effort.

  • ConstitutionDAO (PEOPLE): ConstitutionDAO was a failed crowd-funding motion to purchase a first-edition copy of the U.S. structure. Since the bid failed, the PEOPLE token is now additionally representing a DAO motion with historic significance.

New Trading Pairs: 

  • December 24, 2021: COCOS/TRY, GXS/BNB, LINK/BNB, LUNA/ETH, MDT/BUSD and NULS/BUSD (Read more)

Risk warning: Cryptocurrency buying and selling is topic to excessive market threat. Please make your trades cautiously. You are suggested that Binance shouldn’t be liable for your buying and selling losses.

This Week’s Activities:

  • Countdown to New Years! Make a deposit, purchase crypto and share as much as $45,000 in BNB prizes. (Read more)

  • Share your #MyCryptoWant. Share your crypto needs with us by January 3, 2022 and we’ll decide 10 needs to return true.  (Read more)

  • Santa Claus is right here! Trade C98 and share $100,000 in prizes. (Read more)

  • Year-end promotion. Subscribe to any twin funding merchandise and win your share of $20,000. (Read more)

Other Bits to Consider

  • 72nd part of Dual Investment.  Subscribe to the 72nd part of twin funding, and luxuriate in a considerably larger rate of interest on BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, BUSD, and USDT. (Read more)

  • Send crypto to non-Binance customers. Use Binance Pay to ship crypto to your family and friends as a Christmas or New Years present. (Read more)

  • Binance indicators an settlement with Dubai. We simply signed a Memorandum of Understanding with the Dubai World Trading Center Authority to arrange an business hub for digital belongings. (Read more)

Educational Bits From the Academy

  • 2021 Year in Review. Discover all the highest crypto moments, tales and highlights of 2021, from Bitcoin’s historic ascension to next-level metaverse bulletins. (Read more)

  • What’s powering the Metaverse? Learn extra in regards to the metaverse and what main technological improvements are powering it. (Read more)

Follow Binance on Twitter or Facebook for the most recent information and updates.

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