Episode 162: Binance Upgrade, Bitfarms Earnings

Binance, the world's largest cryptocurrency exchange by trading volume, has launched the second iteration of its cross-chain protocol that connects its flagship layer 1 blockchain, BNB Chain, with other chains. The bridge will allow users to access traditional centralized finance (CeFi) and decentralized finance (DeFi) via the Binance app. Decentralized finance refers to financial activities carried out on the blockchain without any intermediaries. Binance rebranded its layer 1, or base, blockchain to BNB Chain in February as it pushed towards being a key blockchain infrastructure provider. The bridge is an important element of that push, as it allows users and developers to bring other tokens to Binance's ecosystem. Through the bridge, users can bring unlisted tokens on BNB Smart Chain as B-Tokens, the press release said. B-Tokens are tokens pegged to the value of some underlying cryptocurrency. This technology, known as wrapping, is used to move tokens from one blockchain protocol to another by essentially mirroring them. Canadian crypto miner Bitfarms (BITF) on Monday morning reported revenue of $60 million for the fourth quarter of 2021, up 33% from $45 million in the third quarter and up 426% from the fourth quarter of 2020. Jeff Koons, the world’s most expensive living artist, has announced his first foray into the world of non-fungible tokens (NFT) – a new collection of physical sculptures, each with a corresponding digital trinket. 📚Books: https://www.amazon.com/s?k=reginald+seay&crid=XNP2FB40Q3TH&sprefix=reginald+seay%2Caps%2C232&ref=nb_sb_noss 📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency 📚Website: www.marketmarauders.net 🦩Twitter: @yourequest 😎Instagram: market_marauders 📧Email: [email protected] 🚧 DISCLAIMER🚧 I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view and/or hear on the channel.