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Binance War Chest Stands Strong In Face of Bear Market
June 17, 2022
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With many of the world's top crypto companies cutting staff during the bear market, Binance does not appear to be affected and is continuing to expand hiring.
Binance Plans to Expand
The drop in cryptocurrencies tied to intimacy with the stock market has created a distinctly negative sentiment throughout the financial space. However, contrary to the crowd, Binance CEO Changpeng Zhao believes that “crypto winter” is the best time to expand operations.
At the Consensus 2022 conference that was held from June 9 to June 12, the CEO of Binance revealed that now is the right time for the exchange to increase investment in HR talent and make acquisitions, despite the market turmoil. He stated that Binance is achieving a high rate of merger and acquisition activity.
“We have a very good and resilient team. Binance is expanding recruiting at the moment.” CZ said.
CZ's Vision Keeps Binance Afloat
According to Mr. Changpeng Zhao, Binance has been cautious when pouring money and staying away from large advertising expenditures such as the Super Bowl event - which became a "great advertising war" between crypto exchanges in February 2022, as reported by Andrew Marquardt from Fortune.
Many of Binance's competitors have successively signed sports sponsorship deals across major continents. Crypto.com is a platform that has spent a lot of time on marketing to promote its name through sports. Besides sponsoring many clubs and sports organizations worldwide, the company invested $ 700 million in December 2021 to rename the Staples Center stadium in Los Angeles to Crypto.com Arena.
In addition, during this time, Coinbase has signed on as an official partner of the National Basketball Association(NBA), signed a brand ambassador agreement with NBA star Kevin Durant, and partnered up with numerous major esports organizations.
During the recession cycle, many companies mentioned above stopped hiring new employees and even proposed to terminate some existing employees. On June 14, Coinbase CEO Brian Armstrong posted an announcement on June 14, saying he would cut more than 18% of the company's staff, equivalent to about 1,100 employees.
Meanwhile, Crypto.com has just cut 260 employees, and up to 20% of employees have to say "goodbye" to BlockFi. Only FTX and Binance are still financially strong enough to stand on the market.
Finally, in addition to increasing staff recruitment, Binance is also planning to promote investment in various traditional companies, mainly starting from "inspiration" with an investment of 200 million dollars to Forbes magazine to popularize the use of blockchain technology. It will be done through Binance Labs' latest $500 million investment fund.
What is Binance:
Binance is the world's largest cryptocurrency exchange, founded in Shanghai, China, by Changpeng Zhao (CZ). Binance supports over 740 trading pairs on its platform.
With a low transaction fee (0.1%) as well as fast transaction processing, Binance has become the exchange with the largest trading volume in the cryptocurrency market. Binance exchange's technology can process 1.4 million orders per second, making it a top exchange in terms of the trading volume.
Where to find Binance:
Website | Twitter | Discord | Telegram |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the AMA.
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Memecoins Shiba Inu (SHIB) and DigiToads (TOADS) Among Most Appealing Cryptos to Buy Now
June 5, 2023
Both SHIB and TOADS offer rewarding and enjoyable investment opportunities, with TOADS more positioned to bring outsized returns.
Memecoins like DigiToads (TOADS) and SHIB are starting to gain momentum in the crypto world. There's a reason for this: many investors are tired of stagnant cryptos that offer nothing in the way of enjoyment. Both TOADS and SHIB are actually FUN to invest in, rather than just boring options you leave in your portfolio and check back to see if they've moved in price. The only fun you can have with Bitcoin is when you look at your charts and see that it's gone up in price, but with SHIB and TOADS, you can enjoy the journey along the way. That's why memecoins offer a more viable investment opportunity right now, one that puts the fun back into the altcoin world and allows you to profit while you play. TOADS leads the way as the top crypto to buy right now, here's why:
DigiToads (TOADS)
TOADS puts the fun back into crypto investing thanks to the most comprehensive P2E memecoin model ever seen, making it lead the way as one of the best cryptos to invest in. Not just for right now: but for the long term, too. So if you want gains as well as rewarding fun, it's important to understand the incredible P2E benefits that TOADS bring to the table.
As part of a wider 7% sales tax on transactions, 2% goes straight into the TOADS rewards pool. This will ensure the long-term viability of the project and make sure there's always enough money to go around. And it's both fun and simple to start earning TOADS token rewards in the revolutionary TOADS swamp arena. In the swamp arena, you get to battle it out every season with your own unique TOADS companions. You can collect more companions, nurture them by feeding and leveling up, and take them into the swamp arena to battle it out as part of one of the most enjoyable experiences ever seen in the crypto world. The best battlers will win more TOADS tokens every season, which will either be instant profit or enable you to power up your TOADS to make them even stronger.
As you can see, the TOADS P2E environment is second to none, truly revolutionizing the space by putting the fun factor back into investing in a big way. TOADS has its sights set on quickly becoming one of the top 5 cryptocurrencies by market cap and will continue to reward early investors along the way throughout its incredible presale journey and beyond. Check it out immediately if you want fun, gains, and rewards.
Shiba Inu (SHIB)
SHIB helped revolutionalize the memecoin world a couple of years ago when it added a new level of collectibility and a level of fun to investing that the industry hadn't seen before. While SHIB struggled to hold into its gains, it still has a lot of potential in the crypto investment world. Many still see SHIB as the standout memecoin option, but TOADS is hot on its tail as it continues to show presale prowess.
Conclusion
Both SHIB and TOADS stand out as two of the most fun and rewarding crypto investments available. TOADS leads the way as the best new crypto to invest in by a wide margin, continuing to welcome new investors while giving them a fun-first way to earn. Consider adding TOADS to your portfolio immediately if you want an enjoyable way to earn and an investment that's ready to launch into the stratosphere.
For more information on DigiToads visit the website, join the presale, or join the community for regular updates.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Disclaimer: This article is exclusive BSC News Premium Content. Premium content is viewable without a membership for a limited time. After the limited time period expires, readers will need to either subscribe or hold a BSC News NFT to view Premium Content. Visit the BSC News NFT website, Discord, and Twitter to learn more about becoming a Premium member.
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