NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage The Chief Strategy Officer at Binance, Patrick Hillman, has said that Binance would want to use Twitter as a sandbox for its Web 3 plans. If Binance can achieve this, it could trigger major gains for the BNB token. Binance to use Twitter as a sandbox for web 3 Binance has a $500 million investment in Twitter following Elon Musk’s purchase of the social media company. In an interview with CoinDesk, Hillman said that the world&rsquo ;s largest exchange by trading volumes, Binance, wanted to play a critical role in the growth and innovation of Twitter. One of the ways that Binance would achieve this is by tapping into web 3 solutions to solve issues facing the platform. Hillman opined that one of the solutions to bots could be having non-fungible token (NFT) user authentication. Bots have been a major problem on Twitter, which was why Musk initially halted plans to buy the company. The Tesla CEO is alr...

The world’s largest crypto exchange has been expanding its reigns even in the bear market. Over the past few months, it has acquired operating licenses from different nations across the globe. Last week, the exchange managed to garner a thumbs-up from the Cyprus Securities and Exchange Commission [CySEC] by acquiring a class 3 registration as a crypto asset services provider. Before that, at the beginning of the month, it received a regulatory license in Kazakhstan. Also Read: Binance: Kazakhstan’s Central Bank to use BNB Chain for its CBDC Binance’s Bahrain platform launched Similarly, back in May, the Central Bank of Bahrain [CBB] granted the exchange, a crypto-asset service provider license. Obtaining the license gave Binance permission to provide a host of crypto-related services like trading, custodial services as well as portfolio management. The exchange was able to obtain preliminary clearance for the license as early as December. The crypto...