The program will push growth for new projects on Binance Smart Chain, strengthen the wider crypto community and create a crypto-literate pool of emerging talents who will shape the future of our industry. We just recently launched the largest crypto accelerator fund for blockchain. Read my full quarterly report $1 Billion: Building the Future of Crypto Hey everyone, CZ here! In addition to our BNB burn report, I took the opportunity to share highlights and insights from the past quarter, including our proactive approach towards compliance and the progress we’ve made so far. We completed our 17th BNB quarterly burn this month, removing 1,335,888 BNB, roughly $639,462,868 USD from circulation. Feel the burnĮvery quarter, Binance commits to burning BNB until 50% of the total BNB supply (approximately 100,000,000 BNB) is removed from circulation. At the time of writing, Ethereum currently trades at ~$4,327. It currently trades at ~$ 60,768 as of writing.Įthereum (ETH) broke its all-time high twice during the month of October, reaching ~$4,366.09 on and ~4,3999,89 on Oct 29, 2021. 20, 2021 for the first time in history, followed by a brief dip down to $58k on Oct 28. October marked a big month for cryptocurrencies as the total crypto market cap increased around 36%, from ~$1.9T on to ~$2.59T on Oct 28, 2021.īitcoin (BTC) hit an all-time high price at ~ $66,974.77 on Oct. This month we witnessed history in the making, from Bitcoin’s record-breaking ETF to Facebook entering the Metaverse-hopefully, there’s an “immune to server outages” feature. In October 2021, we completed the 17th BNB burn, provided $1 billion in funding for emerging blockchain projects on BNB Chain (former BSC) and launched our first-ever Binance Fan Token platform.
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