A rebase token, also known as an elastic token, is a cryptocurrency whose supply is algorithmically modified in order to regulate its price. Rebase tokens, like stablecoins, are often tied to another asset. However, rather than utilizing reserves to keep the peg, rebase tokens automatically burn or mint new tokens in circulation. The quantity of a rebase token can be very unpredictable, but its price tends to remain stable depending on whatever asset's price it is monitoring. Every cryptocurren

Sui Network, a layer-1 blockchain developed by ex-Meta (formerly Facebook) employees, has announced the opening of its testnet - a place where the viability of the technology can be thoroughly examined. The testnet “Wave 1” will be used for validators and full nodes to “improve decentralized coordination + incident response, and identify a core group of operators who have experience in deploying, monitoring, and debugging,”  according to a tweet from the company. Sui has acquired a lot of mome

A Financial Services Permission (FSP) has been granted to Binance by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), the international financial hub of the capital emirate of the United Arab Emirates. Binance is the leading provider of blockchain services worldwide. Given that they satisfy the FSRA requirements, Binance will be able to offer custody to professional clients thanks to the FSP's approval. As a result, the achievement broadens the brand's perspectives

Kyle Davies calls out Sam Bankman-Fried, and says they are looking forward to justice for 3AC.

One Twitter user referred to staked ETH as a "non-redeemable" investment and others criticized the removal of the ETH staking timeframe. Critics have started to draw attention to the Ethereum Foundation's removal of the Ether staking's withdrawal schedule on social media days after Ethereum turns deflationary for the first time since switching to proof-of-stake (PoS). A member of the cryptocurrency community drew attention to the fact that Ethereum executives, developers, and influencers had s

In the most recent announcement, El Salvador Nayib Bukele said that they would start buying Bitcoin once again. President Nayib Bukele stated in a recent tweet: "We are buying one Bitcoin every day starting tomorrow." He has yet to say how long they want to keep up this purchase program, though. The collapse of multiple projects and the market crash made investors hesitant to put their money into the crypto-verse. However,  a major Bitcoin bull did not lose hope, including El Salvador President

The Singaporean investment fund stated that it spent 8 months researching FTX before purchasing a 1% stake in the exchange in 2021. Temasek, Singapore's state investment firm, has written off its entire stake in FTX, claiming that its overall exposure to the collapsed exchange is insignificant in comparison to its overall portfolio holdings. Temasek said in a statement released Thursday that the $210 million investment, which accounted for 1% of FTX International and $65 million for 1.5% of FT

Ultimate Champions is a Web3 platform for sports games that will be created on the BNB Chain. Binance Labs, the company's venture capital and business accelerator, invested $4 million in it. The funding will be used by Ultimate Champions to improve  its games, expand its community, and work with other sports partnerships. The Binance Fan Token Platform will eventually get Ultimate Champions, allowing users to enhance their fan engagement and experience. The next year, fantasy basketball will be

A utility token called Binance Fan Token was released by the Binance exchange on the BNB Chain. Fans from all over the world can easily connect with their favorite clubs thanks to these tokens, which are linked to clubs, sports teams, or celebrities in the sports world.

Binance and Trust Wallet revealed their collaborations on Wednesday with the integration on Binance Pay. Trust wallet is a well-known decentralized cryptocurrency wallet. Without any KYC restrictions, any cryptocurrency investor can trade & retain his/her crypto assets on the Trust wallet. With the latest integration of Binance Pay and Trust Wallet, users will be able to transfer money between these two platforms in just a few clicks rather than going into the Trust wallet every time. The col