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Binance Acquires Japanese Crypto Exchange Sakura – Top Crypto Updates

Binance acquires Japanese crypto exchange Sakura

Binance, the world’s largest crypto exchange by volume, has acquired Sakura Exchange BitCoin (SEBC). As SEBC is already regulated by Japan’s Financial Services Agency (FSA), the acquisition will allow Binance to reenter the country. Binance said Japan will play a key role in the continued adoption of crypto given the size of its economy and its “huge potential in the emerging Web3 industry.”

Crypto prices today: Bitcoin up 1.3%, ETH rises 1%

Bitcoin is currently trading at $17,115.88, an increase of 1.38% over the previous day. Ethereum rose 0.96% over the last 24 hours to $1,282.82. Solana rose 1% to $13.86, while Cardano is trading higher by 0.5% at $0.316. Avalanche (AVAX) is up 1.22% to $13.08. The global crypto market cap stands at $859.51 billion, a 0.73% increase over the previous day.

Uniswap launches new NFT aggregator

Uniswap is launching an NFT aggregator on its website, five months after acquiring NFT trading aggregator Genie and its founder Scott Gray. Users can view non-fungible token (NFT) listings and global floor prices across seven marketplaces. They can also bulk-buy NFTs in a single transaction and list NFTs for sale across marketplaces. It offers 15% cheaper gas fees than other NFT aggregators. 

Telegram plans to build decentralized crypto exchange

Messaging platform Telegram has announced plans to build a decentralized crypto exchange. The company would start building “non-custodial wallets” and “decentralized exchanges” that would let millions of users safely trade their crypto. Telegram founder Pavel Durov called for steering the industry back towards decentralized applications and away from having to trust third parties. 

Bitcoin custody firm Casa to add ETH support

Casa, a popular Bitcoin self-custody firm, is adding Ethereum support to its platform. The company has announced plans to launch a refreshed app, with an enhanced look and feel that will improve user experience. Casa will also introduce Ethereum storage and new membership plans in the upcoming months.

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Binance Pool Starts $500M Fund to Support BTC Mining – Top Crypto Updates

Binance Pool starts $500M fund to support Bitcoin mining

Binance Pool has started a $500 million lending project for private and public miners. The miners will need to pledge security in the form of physical or digital assets for the loan, which will have a duration of 18-24 months. It will charge interest rates that range from 5% to 10%. Binance Pool also plans to roll out cloud mining products.

Crypto prices today: Bitcoin up 3.5%, ETH rises 3.2%

Bitcoin is currently trading at $19,705.15, an increase of 3.52% over the previous day. Ethereum is up 3.21% over the last 24 hours to $1,323.05. Solana rose 4.2% to $31.37, while Cardano is trading higher by 4.77% at $0.382. Avalanche (AVAX) rose 5.7% to $16.16. The global crypto market cap stands at $938.04 billion, a 3.2% increase over the previous day.

Uniswap raises $165M in new funding

Ethereum decentralized exchange (DEX) Uniswap raised $165 million in its latest funding round led by Polychain Capital. The latest round gives Uniswap a $1.6 billion valuation. A DEX is an application that lets users trade crypto directly with each other without using an intermediary. Uniswap is an Ethereum-based DEX that allows users to swap ERC-20 tokens. Since its launch, Uniswap has supported $1.2 trillion in trading volume.

CoinShares creates Twitter Bot that gives traders ‘fair prices’ for NFTs

Crypto asset investment and trading group CoinShares has launched an experimental Twitter bot, CoinSharesNFTAI, that can calculate a “fair price” for a given NFT. The bot aggregates data and tells users at what price a specific NFT could be bought or sold. The CoinShares NFT bot currently only supports pricing data for 50 NFT collections.

October ‘biggest month’ ever for crypto hackers: Chainalysis

With a total hacked value of about $718 million for the month, blockchain analytics company Chainalysis has dubbed October 2022 as “the biggest month in the biggest year ever for hacking activity.” Hundreds of millions had been taken advantage of through 11 distinct hacks on decentralised finance (DeFi) protocols. At the current rate, 2022 might surpass last year’s record since over $3 billion has been abused over 125 hacks.

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Uniswap Labs Acquires NFT Aggregator Genie – Top Crypto Updates

Uniswap Labs acquires NFT aggregator Genie

Uniswap Labs has acquired Genie, a non-fungible token (NFT) marketplace aggregator. This move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line, beginning with the web app. Later integrations will include developer application programming interfaces (APIs) and widgets. 

Crypto prices today: Bitcoin falls 4.2%, ETH down 6% 

Bitcoin is currently trading at $20,176.16, a decline of 4.2% over the previous day. Ethereum is down 6.11% over the last 24 hours to $1,080.24. Solana fell 7.6% to $34.19, while Cardano is trading lower by 6.5% at $0.465. Avalanche (AVAX) fell 8.3% to $16.13. The global crypto market cap stands at $887.51 billion, a 4.1% decline over the previous day.

Indian investors lose Rs 1,000 crore in fake crypto exchanges: Report

Researchers at CloudSEK (a cyber security firm) have unearthed a new scam called CoinEgg, which defrauded as much as Rs 1,000 crore from Indian investors. The scammers used fake domains and social media accounts to persuade users to invest in fake exchanges. After making victims invest, the attackers approached them as investigative agents who could “help” with the scam.

Black Hills Energy signs first deal under new blockchain tariff

US-based Black Hills Energy has completed its first agreement to provide power to a crypto mining facility under Wyoming’s Blockchain Interruptible Service Tariff. The unidentified facility will be one of the largest bitcoin mining operations in the region. It is expected to be operational and purchasing energy by the end of the year.

Crypto lender BlockFi gets $250 million bailout from FTX

Crypto lender BlockFi has received a $250 million revolving line of credit from crypto exchange FTX to help strengthen its balance sheet. The agreement will give BlockFi access to capital amid the crash in the crypto markets. Last week, the company said it was reducing its headcount by ~20%. BlockFi is also implementing other cost-cutting measures like reducing marketing spending and executive compensation.