This Week at Binance: Jan 14—21, 2022
In today’s edition of This Week at Binance (Jan 14—21, 2022): BNB completed its 18th quarterly BNB burn, we joined the National Cyber-Forensics and Training Alliance and Binance Labs announced Incubation Season 3 BUIDLer Day.
We’re more than halfway through the first month of 2022. How are your money-saving new year resolutions going so far? If you already forgot about the goals you set, or you never made them in the first place, get out of bed and go get some much-needed inspiration from our 12 money challenges for a year of fun saving.
Weekly Market Recap
This week we saw the total crypto market cap decrease ~10%, from ~$2.04T on Jan 14 to ~$1.83T at the time of writing.
Bitcoin (BTC) traded in the low $40,000 range before falling to its lowest price since August 2021, trading at ~$38,667 on Jan 21. BTC currently trades at ~$39,066 as of writing.
During the same period, Ethereum (ETH) fell to its lowest price since September 2021, trading at ~$2,833 on Jan 21. ETH currently trades at ~$2,882 as of writing.
1. 18th BNB Burn Completed (First BNB Auto-Burn)
BNB’s 18th quarterly burn was the first BNB burn to utilize the new auto-burn protocol. In total, 1,684,387.11 BNB was removed from circulation, including 6296.305493 BNB burned from the Pioneer Burn Program.
2. Binance Joins the National Cyber-Forensics and Training Alliance
We’re thrilled to announce Binance is joining the National Cyber-Forensics and Training Alliance (NCFTA), a non-profit organization dedicated to combatting cybercrime threats. With this partnership, Binance is officially the first cryptocurrency and blockchain organization to formally join the NCFTA.
3. Incubation Season 3 Concludes on Jan 25
Binance Labs is wrapping up another successful season with Incubation BUIDLer Day. On January 25, 2022. Nine promising blockchain projects will formally pitch their progress to an audience of investors, mentors and key industry figures.
What’s Ticking on The Exchange?
New listings this week:
League of Kingdoms (LOKA): League of Kingdoms is a blockchain-powered free-to-play, MMO strategy game. LOKA functions as both a governance token and an in-game currency for items, NFTs and cosmetics.
New Trading Pairs:
Jan 21, 2022: ATOM/BRL, BNB/UST, CRV/ETH, HIGH/BNB, NEAR/RUB, ROSE/TRY and SCRT/USDT (Read more).
This Week’s Activities:
Dual Investment giveaway. Participate and subscribe to Dual Investment products for a chance to share $30,000 in BUSD rewards. (Read more)
Learn and Earn DUSK. Pass the quiz, trade DUSK and share a prize pool of $100,000 in DUSK rewards. (Read more)
Other Bits to Consider
Deposit LUNA via ERC20. Binance now supports ERC20 integration for LUNA deposits. (Read more)
75th phase of Dual Investment. Subscribe to the 75th phase of Dual Investment products and enjoy a significantly higher interest rate.(Read more)
Invest and earn NEAR on auto-pilot. Automate your DCA and generate NEAR rewards with Auto-Invest. (Read more)
Educational Bits From the Academy
How to add Avalanche (AVAX) to MetaMask? Learn how to add and start using Avalanche tokens on your MetaMask crypto wallet. (Read more)