{"id":14194,"date":"2022-10-30T13:43:18","date_gmt":"2022-10-30T13:43:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-launches-its-oracle-network-and-invests-in-elon-musk\/"},"modified":"2022-10-30T13:43:18","modified_gmt":"2022-10-30T13:43:18","slug":"binance-launches-its-oracle-network-and-invests-in-elon-musk","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-launches-its-oracle-network-and-invests-in-elon-musk\/","title":{"rendered":"Binance launches its oracle network and invests in Elon Musk"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News )<\/b>
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Binance was in the news this week for numerous activities as the crypto exchange continues to grow despite the bear market.<\/strong><\/p>\n

Binance to launch its oracle network soon<\/strong><\/h2>\n

The world\u2019s leading cryptocurrency exchange announced earlier this week that it would\u00a0launch the Binance Oracle<\/u><\/a> network this month.\u00a0<\/p>\n

The crypto exchange said Binance Oracle will support multiple blockchain partners within the BNB Chain ecosystem, becoming yet another stepping stone on Binance\u2019s path to the role of the leading infrastructure services provider for the digital asset sector.<\/p>\n

Binance was also confirmed as an investor in Elon Musk\u2019s Twitter acquisition. Elon Musk completed the Twitter acquisition a few hours ago. Earlier this week, Binance CEO, Changpeng Zhao said\u00a0Binance will still back<\/u><\/a> Elon Musk\u2019s acquisition of Twitter.\u00a0<\/p>\n

The crypto exchange had previously committed $500 million to Elon Musk\u2019s Twitter deal, and reports now suggest that Binance went through with the investment.\u00a0<\/p>\n

In yet another positive news for Binance, CZ revealed earlier this week that the National Bank of Kazakhstan (NBK) had agreed to test the country\u2019s central bank digital currency (CBDC) on the BNB Chain, Binance\u2019s blockchain network.\u00a0<\/p>\n

Google Cloud to launch a blockchain node service<\/strong><\/h2>\n

Google Cloud announced earlier this week that it would launch a blockchain node engine. According to the tech giant, the engine will streamline the process of setting up a brand new node and also the complications of hosting it on your own hardware.<\/p>\n

Google added that it would start with the Ethereum blockchain. Google Cloud has been assembling a web3 team and is slowly entering the blockchain ecosystem.<\/p>\n

Revolut to add a crypto payment feature soon<\/strong><\/h2>\n

Fintech firm Revolut revealed earlier this week that it would be adding cryptocurrency payment features t its platform soon.<\/p>\n

The neobank informed its customers would get 1% back \u201cfor a limited time\u201d if they with their Revolut cards using crypto. This latest development comes roughly a month after Revolut introduced 29 new tokens to its crypto offerings, including SOL, AVAX and Shiba Inu.<\/p>\n

FTX is working on creating its stablecoin<\/strong><\/h2>\n

Binance already has its BUSD stablecoin, and now FTX cryptocurrency exchange is planning on creating its stablecoin. FTX\u2019s CEO Sam Bankman-Fried\u00a0revealed earlier this week<\/u><\/a> that there are discussions regarding its stablecoin. He revealed that the value of FTX\u2019s stablecoin would be tied to that of another asset.<\/p>\n

Hong Kong plans to legalise retail crypto trading<\/strong><\/h2>\n

A Bloomberg report<\/u><\/a> earlier this week revealed that Hong Kong\u2019s government plans to allow retail investors to trade cryptocurrencies. However, retail investors would trade cryptos on locally licenced cryptocurrency exchanges.\u00a0<\/p>\n

The move is part of Hong Kong\u2019s plan to position the city as a center for virtual asset service providers. Details of the new plan are expected to be revealed next week at an annual fintech conference in the city.<\/p>\n

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(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News ) Binance was in the news this week for numerous activities as the crypto exchange continues to grow despite the bear market. Binance to launch its oracle network soon The world\u2019s leading cryptocurrency exchange announced earlier this week that it would\u00a0launch the Binance Oracle […]<\/p>\n","protected":false},"author":14,"featured_media":14195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14194"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14194"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14195"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}