Web3 Watch: Binance seems likely to retain its sports partnerships despite DOJ actions

Soccer star Cristiano Ronaldo faces a class action lawsuit in Florida for his allegedly “deceptive and unlawful” promotion of Binance, which recently settled with the US Department of Justice.

But Ronaldo appears unbothered, posting on X this week that he’s “cooking something up” with the exchange.

Ronaldo’s continued involvement highlights a larger trend: Binance’s long list of sports partnerships seem to remain intact despite the Department of Justice’s actions against the centralized exchange and its former CEO, Changpeng Zhao. 

Binance has had several sports partners, particularly in soccer, including as Argentina’s fan token provider during its World Cup run….

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Arbitrum DAO passes $23M extra budget to fund all grant applicants

The Arbitrum DAO has confirmed the disbursement of millions in extra tokens to fund all projects approved on its latest Short-Term Incentive Program (STIP), boosting its budget by $23.4 million.

The proposal, voted by the Arbitrum community between Nov. 18 and Dec. 2, sought to distribute additional funds for projects approved for a grant but not funded due to the STIP’s cap of 50 million ARB tokens. The recent vote will result in the distribution of 21.1 million ARB tokens worth $23.4 million to an additional 26 projects.

The supplementary capital was approved by 216.7 million votes in favor to 73.1 million against, bringing STIP’s total budget to 71.4 million ARB tokens. The round will…

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Top 10 Trending Crypto Coins of The Day

  1. Decimated: Market Cap of $21 Million.
  2. Kaspa: Market Cap of $3.0 Billion.
  3. Bitgert: Market Cap of $113 Million.
  4. Solcasino Token: Market Cap of $40 Million.
  5. Tectum: Market Cap of $50 Million.
  6. Celestia: Market Cap of $1.2 Billion.
  7. TENET: Market Cap of $18 Million.
  8. Bittensor: Market Cap of $1.9 Billion.
  9. Botto: Market Cap of $15 Million.
  10. Open Campus: Market Cap of $144 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Funding Wrap: Bitcoin miners bag cash ahead of ETF decisions

Bitcoin mining firms are deepening their financial war chests as speculation arises around potential spot bitcoin ETF decisions early next year.

Twitter co-founder and longtime bitcoin bull Jack Dorsey led a $6.2 million seed round in Mummolin, the company supporting the launch of a decentralized bitcoin mining pool called OCEAN. 

Meanwhile, the Canadian mining company Bitfarms closed a private $60 million share sale with US institutional investors. 

OCEAN is a non-custodial mining pool, meaning miners can lend computing power with ASIC interfaces and receive rewards directly from the bitcoin network without the company taking custody of the mined bitcoins. 

“It went back to the…

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How blockchain improves daily healthcare routine, explained


The significance of blockchain in the daily healthcare routine

Blockchain has the potential to revolutionize healthcare by preserving data integrity, fostering better teamwork, and increasing patient care — even in the face of ongoing difficulties with scale and integration.

Blockchain technology has the potential to completely transform healthcare practices. Its importance stems from its capability to ensure record-keeping that is transparent, safe and unchangeable. This translates to improved patient-centered treatment, quick information sharing and data security in the healthcare industry. 

Blockchain makes it easier to create a…

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Petro-Bitcoin

“Nature is Wild Potential”

Alex Epstein (Philosopher)

The Discovery of Fire

Before the discovery of fire, the only energy humans could use was the one in their muscles and brains. Otherwise, lightning bolts were high energy zigzags thrown down by Zeus, storms were the energy of the sea god Poseidon, and volcanoes were Hades, god of the underworld who had ruled the earth for 600 million years during the Hadean.

After we discovered the making of fire (circa. 700,000BCE), we were smart enough not to play with it like some toy. Fire, energy, can be a creative or a destructive force. It is agnostic to human ethos but deadly to fools.

We thereafter invented…

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BTC price nears $40K as as Bitcoin trader eyes return to all-time high

Bitcoin (BTC) held closer to the $40,000 mark on Dec. 3 after weekend gains reinforced a “strong” uptrend.

BTC/USD 1-hour chart. Source: TradingViewBitcoin leaves $60 million in shorts hanging

Data from Cointelegraph Markets Pro and TradingView tracked a fresh BTC price surge, which took BTC/USD to new 2023 highs of $39,730.

These built on upward momentum, which had entered days prior, as Bitcoin hit $39,000 for the first time since mid-2022.

With derivatives leading into the end of the Wall Street trading week, commentators had argued that spot buyers needed to step up to maintain momentum. Events ultimately took an unexpected turn, with a snap surge across Bitcoin and altcoins wiping…

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Bitcoin Helps Renewable Energy Development

Bitcoin mining has long been criticized for its hefty energy consumption, but multiple recent studies suggest it might have a surprising silver lining. A report published by researchers at Cornell University has uncovered intriguing possibilities where Bitcoin mining could intersect with renewable energy projects across the United States. The narrative indicates bitcoin mining could support renewable energy development.

Related reading: Bitcoin is ESG Compliant: A KPMG Report

A Win-Win Scenario: Cornell University Studies

In a series of studies titled “From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action,” Cornell…

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Antpool-Foundry Hashrate Race: Antpool Takes The Lead

Antpool, affiliated with Bitmain, a leading manufacturer of digital asset mining equipment, made waves by surpassing Foundry, a U.S.-based titan, in the bitcoin mining hashrate race.

Hashrate Race: Antpool’s Rise to the Top in November

Bitcoin mining, the backbone of the Bitcoin network, often involves pooling resources to increase the chances of solving complex tasks of finding blocks and reaping rewards. In recent months, a compelling showdown has unfolded between two major players: Antpool and Foundry.

In November, Antpool mined 1,218 blocks, edging slightly ahead of Foundry’s 1,216 blocks. This marked a significant shift in dominance, reflecting Antpool’s…

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