In what seems like an ongoing streak towards market penetration, prominent crypto exchange FTX has launched support for BSC BEP20 tokens within its wallet services. While no official announcement was made, FTX CEO Sam Bankman-Fried confirmed the development by saying:
“ftx.com/wallet now supports BSC for BUSD and BNB! (Withdrawals are live — I *think* deposits are; otherwise they will be very soon.)”
Based on the information available, FTX wallets now actively support withdrawals for Binance USD (BUSD) and BNB, both native to the Binance Chain. The company will soon enable users to make deposits via BSC BEP20 tokens.
However, the services are not yet available for the US-focused FTX platform, FTX.US and other prohibited jurisdictions. In a previous interview, Bankman-Fried opined that governments would require more than three to five years to provide regulatory clarity for crypto businesses that wish to operate within their jurisdictions. The entrepreneur also reportedly spends “five hours a day on everything from regulation to licensing.”
Recently, the company has also limited its users to leverage trades up to 20x instead of offering 101x leverage. The intention behind this move was to minimize the inherent volatility risks associated with crypto trading. Surprisingly, the exchange has not witnessed a reduction in trading volumes following the announcement.
Complimenting the crypto exchange’s technological developments, FTX’s latest Series B investment round saw over 60 participants. The resultant deal placed FTX’s valuation to a whopping $18 billion, a 1400% increase from previously $1.2 billion.
Other market leaders such as Binance also follow similar methods to promote low-risk trading and increase market adoption. Crediting this move to the “interest of Consumer Protection,” Binance CEO stated that limiting new users to 20x leverage on futures trades was something “he didn’t want to make a thingy.”
The text below is an advertorial article that was not written by Cryptonews.com journalists.
$VNY is the first token ever released on any blockchain to provide Custom Wallet Addresses for Bitcoin, Ethereum, Binance Smart Chain, Litecoin and Dogecoin Chains.
A Vanity Address is a Customisable non-proxy address. The addresses generated are new ones visible in chain explorers. Supporting different Blockchains, $VNY can generate Vanity Wallet Addresses of different shapes.
The idea of $VNY was born to simplify the journey for all the crypto users, from beginners to experts.
What are the use cases of the project?
$VNY aims to be the distribution leader of their product for Companies accepting Cryptos, Miners interested in sorting their Rigs Incomes, Holders that wants to instantly recognise their wallet from a multitude of others, People looking for show off their customised wallet, Users feeling safer to send cryptos to an address they recognise, and many more.
The project hasn’t been discovered yet by the cryptocurrency communities, which makes $VNY a possible sleeping giant in the crypto world due the huge potential of the use cases of the product applied in the real world.
But is it safe?
The $VNY Product is fully secure, meaning no one else other than the requester of the address will be able to obtain the Private Key needed in order to generate the Vanity Wallet Address. The $VNY Team, utilising the customer’s Public Key, will output a string of code called Partial Private Key, generated using High GPUs Computing Power, which is correlated to the Vanity Address requested. Once the customer receives the string, the only step required will be merging it with the original Private Key using a $VNY Offline Tool provided by the team, creating the new keys for the new Vanity Wallet Address.
Some $VNY Customers had the fortune of getting their customised wallet from a huge selection of candidates, generating wallets there have never been seen before in the crypto world, such as 1SaToShiYPiWYEevVwxYG6hkDfAT9N9Fy, commemorative of the mysterious creator of the Bitcoin, Satoshi Nakamoto, or 0xC0FFEE1268A4aAe653a4a9Ca81e183dCCAD1a029, for a real coffee lover.
The Project is fully Audited by Solidity.Finance, certifying the security of the Smart Contract of the token.
$VNY Token also has frictionless Fee Redistribution rewarding its own holders and Liquidity Deposit, raising each trade the Liquidity Pool of the project, as well as Deflationary Functions with every transaction, dropping the Total Circulating Supply down and raising the value of the token itself.
A Marketplace for buying, selling, and trading personalised wallet addresses as wrapped NFTs is under development. Traders will be utilising $VNY tokens exclusively as payment currency, and the Litepaper and Roadmap of the project details the journey ahead for VANITY, an unique and innovative project.
Launched in May 28th, 2021 with the Dev and Founders Based in Italy, $VNY is now available for purchase via Pancakeswap, which holds the entire LP Locked for 3 Years.
The $VNY Team has been quiet on the next stages of the project, but are quick to point out that Vanity Addresses are not the only product or project that $VNY will see in the near future. It is clear that this team has exciting and revolutionary ideas for the crypto space.
Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well.
Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet, but Also the Third-Largest BTC Wallet
Two days ago, the Reddit account u/Andreifromalberta published research that claims the company Robinhood (Nasdaq: HOOD) holds more bitcoin (BTC) than the firm Microstrategy. The Redditor Andrei is the same sleuth that published research four months ago on the notorious dogecoin (DOGE) wallet dubbed “DH5,” which happens to be the largest DOGE wallet today.
Back in February, Andrei posted about the subject as the “DH5” address became an extremely topical subject that month. Andrei said in the r/dogecoin Reddit post that findings suggest the company Robinhood is the owner of the “DH5” dogecoin address and explained how onchain research led to this conclusion.
This past week, the online brokerage firm Robinhood had an initial public offering (IPO) and the company’s CEO Vlad Tenev talked about the firm’s crypto positions in an interview on May 6. Tenev’s statements at the Robinhood fireside chat back in May explained that the exchange allegedly provided customers with access to their specific holdings only.
“We don’t have significant positions in any of the coins that we keep on a proprietary basis or anything like that,” Tenev stressed at the fireside chat. Despite Tenev’s statements, Andrei believes the company does have significant positions in a number of crypto assets.
Andrei’s research once again ties the “DH5” dogecoin address to Robinhood, but it also details how the exchange probably owns a number of large wallets from coins like BTC, ETH, and BCH. According to Andrei’s findings, rich-list wallets from six major crypto assets are allegedly controlled by the company Robinhood.
Report Notes Robinhood Likely Owns Some of the Richest Addresses from 5 Different Blockchains
On Reddit, Andrei gives a step-by-step analysis of why Robinhood is suspected of being the owner of not only the “DH5” dogecoin address, but the third-largest BTC address “1P5” as well.
Not only that, but Andrei’s asks if Robinhood follows the exact same pattern of cold storage for BTC and DOGE, “wouldn’t it also make sense for them to follow the same pattern for the other 5 Cryptos that they offer for trading (ETH, LTC, BCH, ETC, BSV)?.” The armchair sleuth believes this is the case for all of the aforementioned coins and “the top rich addresses belonging to Robinhood on those blockchains.”
The bitcoin (BTC) address starting with “1P5” holds 113,842 BTC and it started accumulating in February 2019. Coincidentally, the DH5 dogecoin address started accumulating at the same time as the “1P5” bitcoin address.
“Robinhood (RH) indeed owns more BTC (116K) than Microstrategy (105K), as a custodian for RH crypto clients,” the Redditor concludes. “In aggregate, 10+ million crypto Robinhooders are actually smart money, heavily buying the bitcoin and crypto dip since the crash in May. Wallets are urgently needed to give the freedom of self-custody to millions of RH investors,” the investigator added.
What do you think about the Redditor’s findings that suggest Robinhood owns all these wallet addresses? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, BitInfocharts, Reddit,
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Binance has fully integrated the Polygon (MATIC) mainnet onto its platform, according to a press release. From now on, Binance traders can deposit and withdraw MATIC through their Binance accounts while also interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, and more.
This integration is meant to ensure that traders can utilize said DApps cheaply and efficiently without using the existing Polygon bridge.
While this announcement specifically focuses on the MATIC mainnet token, Binance also intends to support ERC20, BEP2, and BEP20 MATIC associated tokens.
Binance marks Polygon’s latest integration, as the network has already worked with Huobi and Coinbase Wallet, among others, to the same effect. The scaling solution is supported by various Ethereum-centric services as well, such as Metamask and Infura.