In this printing of The Daily we cover a trading competition and giveaway promoting Binance’s new platform, new mining plans from Bitdeer and the fusing of cryptocurrency wallet startup Ethos by the digital assets brokerage Voyager.
Also Read: Top Business School in India to Make available Advanced Blockchain Program
Binance DEX Trading Competition
Popular crypto trading platform Binance has announced that to development awareness of its upcoming decentralized exchange (DEX) within the community, it will sponsor a simulated trading competition on its DEX testnet.
All operators who hold at least 1 BNB token in their Binance account will be eligible to participate in this simulated trading meet. Each account is able to register a maximum of 20 addresses and will receive 200 virtual testnet BNB representatives to each address to use as their starting funds before the trading competition begins. It will officially start on Walk 7 and last until the 21st, with rewards promised to be issued within two weeks after the competition ends.
Bitdeer Sends BCH Mining Plan
Computing power-sharing platform Bitdeer has announced it is now supporting mining for bitcoin cash (BCH) as well as litecoin (LTC) and ethereum (ETH) in comeback to client demands, giving its users a variety of options to utilize their rented hashing power. The company legitimatized that it added support for these cryptocurrencies as they have remained relatively stable among the leading species, showing their popularity with the crypto community.
The platform claims to have secured partnerships with some of the largest extracting pools in the world including BTC.com, Ant Pool, Dpool, and Viabtc. Users of Bitdeer can choose to be connected to one of the supported pools while diverting between different duration plans (short, mid, and long-term), miner hardware models, and coins (BTC, BCH, LTC, and ETH).
Voyager Merges Ethos
Digital assets brokerage Voyager has paint the town red it will be merging with Ethos, a cryptocurrency universal wallet and service provider. The wallet software will be joined into Voyager’s retail and institutional businesses, allowing its customers to self-custody their crypto assets with a brokerage suspension for efficient trading.
Shingo Lavine, founder and current CEO of Ethos, will be joining Voyager as chief blockchain administrator and will also maintain a seat on Voyager’s board of directors. The deal will reportedly cost the brokerage 7 million of its cheap shares, worth about US$4 million. The company started trading its shares on the Toronto Ventures Exchange through a veto takeover earlier this year.
What do you think about today’s news tidbits? Share your plans in the comments section below.
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