Users can stake their Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs at Binance NFT, with current APRs of about 60%, down from the max of 199%.
Binance NFT concluded the first day of its Ape Staking feature, where holders of Bored Ape Yacht Club and Mutant Ape Yacht Club can stake their valuable and popular NFTs to earn rewards in ApeCoin.
More than $40,000 worth of $APE was distributed to stakers on the first day, as the Binance NFT Twitter account promoted Annual Percentage Rates (APRs) as high as 199%.
APR of up to 57.99%
Very misleading to advertise 199%, let 410 apes stake and drop the returns to 57.99% then point at your terms of business as a get out clause🤮
As some Twitter users noted, however, the current APRs listed on the Binace NFT Ape Staking page are much lower, at 58% for Bored Ape and 63% for Mutant Ape.
Appreciate it to bring the ape staking program to binance users, however the APR has fallen drastically from 190 to around 60.
We know that you guys are staking at https://t.co/J0k3Lgi6Ps on behalf of us using binance ape funds,can the apr be increased?
Binance also plans to offer staking in the future for Bored Ape Kennel Club NFTs.
Even at 58% APR, staking a Bored Ape NFT can bring in more than $140 per day, while a Mutant Ape can bring in more than $33 per day at 58% APR, at current $APE prices.
Binance NFT is Binance’s NFT arm that consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes on BNB Chain.
With the relevance of NFT projects on BNB Chain, Binance NFT has become increasingly more popular for NFT collectors
Where to find Binance NFT:
Website | Twitter | Blog | Instagram | Telegram |
Most Senators were able to draw a clear line between the failures of humans at FTX and the underlying technology used.
The US Senate Committee on Banking, Housing, and Urban Affairs held a meeting on Wednesday, December 14, regarding the infamous collapse of FTX. The hearing lasted about two hours and will likely be the first of many.
With an agenda entitled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers,” the Senate Committee sought to dig into the FTX exchange’s implosion and its ramifications across the nascent industry.
Just a day following the headline testimony of FTX CEO John Ray in front of the US House of Finacial Services Committee, the witnesses included celebrities Mr. Wonderful, Kevin O’Leary, Mr. Ben McKenzie, famed actor turned crypto skeptic, plus two other industry experts Prof. Hilary J. Allen, American University Washington College of Law and Jennifer J. Schulp, Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute.
As a reminder, I offered to testify today as I'm polishing up edits on a 150 page year end report – my 5th on the subject of crypto – which includes sections on systemic risks and helpful policy frameworks.
The Senate chose these people instead.
Have fun!
The witnesses all gave testimony and answered questions from the Senate committee members. Senator Pat Toomey, a notable advocate within the committee, also gave testimony and strongly reminded those listening that it was not the underlying technology that was at fault in the FTX collapse but human failures.
An exciting moment in the hearing featured a line of questioning answered by Kevin O’Leary. O’Leary continued his accusations against Binance, stating that former FTX CEO and founder, Sam Bankman-Fried, has him convinced Binance’s actions led to FTX’s insolvency.
Kevin O'Leary took $15mm from FTX as a paid shill. The guy from the OC got high and decided to write a book on crypto fraud. A "never crypto" academic conflates DeFi and FTX issues.
These are the people the Senate selected for a hearing on issues that are actually important.
Unlike the hearing in the House the day before, the Senate hearing took a lot of air time regarding the need for regulation in the industry. A rational crypto regulatory framework was a common trope throughout and many were able to draw a line between the usage of blockchain and the mismanagement of a company.
The details of the FTX collapse will hopefully be unwound through the transparency of blockchain, but at the start and during this meeting, they remain unclear. But what is clear is that The FTX is showing lawmakers that crypto needs and wants regulation.
To watch the full two-hour hearing see below. If that link does not work in your country, see the government link here.
Recent comments from the CEOs don't bode well for a quick arrival to the Open Mainnet.
Pi Network has been growing organically to over 30 million users for over three years. Since December 2021, many users have expected to see the official mainnet arrival, but continual delays have users still waiting.
Following the enclosed mainnet launch in December 2021, a major blog post from the Pi Core team came in March 2022, updating the community and detailing the mainnet progress. This blog post predicted the open mainnet arrival in either March or June 2022.
Now December 2022, many within the Pi Community are looking for answers. The enclosed mainnet is taking longer than expected due to KYC issues. And the wait could be even more.
A recent interview with Pi Network Co-Founders Nicolas Kokkalis and Chengdiao Fan on the CRYPTO 101 Podcast did little to boost the spirits of the mainnet arrival. See an excerpt in the tweet below where Fan predicts progress in the next two to three years on the Pi Network vision.
This is my opinion, many pioneers will continue leaving after this month, less members are joining the project in the last 6 months, and if by March 14 we haven't enter open mainnet it'll get even worst. #pi #pinetwork
Edycabas, an active Pi Network community member, also gives a pessimistic view of the project in the next half year.
Another reason many projects are getting anxious is the lack of fiat connection to the Pi Network. Many projects find it difficult to source funds, legitimize their projects, and build communities without access to funding.
Recent validator issues have also begun to give headaches to many veteran and passionate Pioneers.
To their credit, Pi Network Core Team has been in communication with the Pi Community at all times. There are even Core team members designated as contacts to major Pi projects. There has been transparency.
And through it all, many members are the Pi Community are sticking it out and persevering through the market conditions.
1/8 #Pioneers who are giving up. Look back at the 3 years journey. We've come a long way. Remember 1 thing. Pi Network is a company which Boot Strapped itself without external funds getting involved. I will link a story of a company which Bootstrapped itself with revolutionary..
With millions of members and empty promises of real-world utilities, many projects and users are still strained by the continual postponements. Another major update from the Pi Network team could do well to assuage community concerns.
See below for the full interview with Pi Network Co-Founders Nicolas Kokkalis and Chengdiao Fan alongside Bryce Paul of the Crypto 101 Podcast.
Pi Network is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution. The project was founded by a team of Stanford University Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Network has evolved over the years and has organized a hackathon, built a couple of working Pi blockchain apps, and is now in the final stages of transition to public mainnet.
Website | Twitter | LinkedIn | Facebook | Instagram |
BSC News to begin a week-long Learn and Earn campaign with FEG Token on Dec 15.
BSC News will host a week-long “Learn and Earn” event with FEG Token beginning December 15. Running Thursday to Thursday, the new “Learn and Earn” is the second in a new series from BSC News.
For this FEG Token promotion, there will be $500 in FEG native tokens split between 5 randomly selected winners. Each winner will receive $100 in FEG.
Eligible entrants must complete the “Learn and Earn” campaign by reading five educational articles and correctly answering the corresponding questions.
This event aims to incentivize people to find out more about the project and learn more about blockchain and Decentralized Finance (DeFi).
Stay tuned for daily tweets and more information about the event.
Here we give five steps to handle the current market fear and remind users to consistently take these precautions.
The recent systemic concerns to the crypto markets have rolled into fears of Binance’s insolvency and what that could cause for the whole market. I’ve felt some of this fear and taken time to reassess my personal crypto holdings and positions to figure out whether or not I am diversifying properly, not just according to assets but also by platform.
Here are a few key ways to protect yourself in times of uncertainty.
Important note: I do not personally believe Binance will have insolvency issues, but it can still be prudent to challenge your own beliefs and question, “what if.” If the scenario of Binance insolvency leaves you massively exposed, you may want to reassess your holdings strategy.
Unless you are actively trading, exchange risk is something that you really don’t need to have. The FTX fallout has shown us that even the biggest players could be acting nefarious. Self-custody ensures that another’s actions will likely not impact your holdings, and your tokens are safe while you sleep. Trust Wallet, SafePal, and Ledger are all excellent modes of self-custody. Exchanges like Binance, Crypto.com, and Coinbase even have built-in services to help their customers offload their assets to a self-custody solution.
With all the competing blockchains in the space, there is no reason to keep yourself on just one. Each chain has its own wrapped assets, and each has its points of failure. This can be handled by utilizing only native assets, but those in the Decentralized Finance (DeFi) world will often utilize wrapped tokens. Likely, a DeFi investor can’t avoid wrapped tokens in their investment strategy, so diversifying funds across blockchains will ensure no single point of failure on a portfolio. This space is not for the faint of heart and is not yet easy or intuitive to navigate.
There is absolutely nothing wrong with removing some or all of your assets from the crypto space. If the idea of losing your crypto investments keeps you up at night, you likely own too much. Perform an internal stress test on your individual financial position. What would happen if all of your cryptos were gone tomorrow? Could you eat? Have a place to live? If so, for how long. Now is not the time to listen to FOMO––you never should––but rather the time to reassess and protect yourself.
You can always re-enter the market.
Stablecoin risk is real, and UST taught the market that there is a real need to diversify among stablecoins. Take time to research how each is backed. BUSD, USDC, and USDT all produce reports on their treasury backing. With the ease of access to all three big-name stablecoins, there is no reason not to diversify among them.
I don’t know what will happen next, nor does the person on CNBC or the large follower account on Twitter. I believe this space has a bright future, but I cannot predict tomorrow, next week, or next month. I aim to have exposure that satisfies my belief in the future of this space while also protecting my family's financials if the worst-case scenario happens.
In conclusion, the simple thoughts are never to invest more than you can afford to lose, and when you do invest, diversify across assets and platforms. This current period of fear will eventually end, and either Binance will be stronger than ever, or the market's worst fears will materialize. I am working to position for both scenarios, and when the dust settles from the nonstop media engagement, I’ll be ready for what comes next.
Here we give you 5 BNB Chain NFTs worth buying in the holiday season! Each one brings cool utility!
With the holiday season in full swing, what better way to show someone some Web3 love than by gifting them a trendy non-fungible token (NFT). BNB Chain NFTs are also hot this season too!
Recently integrated with OpenSea, BNB Chain is planning a “12 Days of NFTs” celebration with the largest NFT marketplace. Here we’ll give you five great BNB Chain NFTs that can bring extra joy to your recipient this season.
Nearly every project below is a member of the BNB Chain NFT Growth Alliance (BNGA), a project dedicated to the growth of NFTs on BNB Chain. We’ve only brought you some of the best! Take a look.
What's better than a gift that can become physical? Oddblox is one of the only NFTs on BNB Chain that can be fully printed into a real-life graphic. Obbblox has mastered the art of on-chain graphics, now make it a gift.
Floor Price: 0.08 BNB
Website | Twitter | Telegram | Rareboard | OpenSea |
The digital will become physical. pic.twitter.com/Yq6vzz44YJ
Looking to give someone an easy and fun game to join? The Hacked NFT collection from Gooodfellas is a great, new interactive NFT game. The onboarding is simple, but conquering it means becoming a DeFi hero. The dynamic NFTs give an added touch too!
Floor Price: 0.23 BNB
Website | Twitter | Telegram | Rareboard | OpenSea |
H⭕️ H⭕️ H⭕️ G⭕️⭕️⭕️DFELLAS
We’re kicking this action packed week off with a bang, starting with Hacked Game 9, tomorrow @ 14:00 UTC
🎁10 Prizes worth 17.3 #BNB
💰16.3 $BNB + 4 #NFTs from our Game 9 Sponsor, @BakedUniverse
Purchase your Hacked #NFT on @Rareboard#BNBChainNFTs pic.twitter.com/vOix2gVOMP
This NFT from the Baked Potatoes Universe allows you to earn Blender art classes from head artist Nino. Imagine learning to develop your own NFT! Call this the gift that keeps on giving. And the art trippy good!
Mint Price: 0.3 BNB
Website | Twitter | Rareboard | OpenSea | Telegram | Discord |
You already got a #PifflePuppets? we would 💚 to have you in our baked fam https://t.co/r2tsahL5p4
You get full IP rights, you get blender education, awesome community, comic, choose what will happen in the comic and much morehttps://t.co/JP6cN8qUcJ#BNBChainNFTs @BakedUniverse pic.twitter.com/5JsNyLv1sn
Another gift that will keep on giving: The Bull Society. Home to the BNB Bulls that give residual BNB rewards, Bull Society is a great gift for the holiday season. Did we mention the dope merch you can get to go along with it? Bull Society is also home to ‘Lil Bulls if you want a smaller gift.
Floor Price: 0.1360 BNB
Website | Twitter | Discord | Telegram |
we're giving away this #bnb bull #nft
interact with this tweet to enter for a chance to win pic.twitter.com/gccz9DL9XA
The forgotten gem of BNB Chain. Do you want to gift an NFT that offers rewards on multiple chains and provides the best of DeFi across the ecosystem? From DeFi rewards, a gaming guild, airdrops, and more! Look no further than the BSC News NFT. The NFT from BSC News has over 20 partners and won’t stop adding utility!
Floor Price: 0.4 BNB
Website | Twitter | Discord | Rareboard | OpenSea |
The #BSCNewsNFT does it all 🔥
Our holders get:
・ Lifetime @BSCNews Premium Content
・ Up to 100% Profit Share Gaming Guild
・ Exclusive perks from 20+ partners
・ Airdrops & Whitelist allocations
Want access to all this + more? 👇https://t.co/42fK52P2a4 pic.twitter.com/AFYzNN2uQO
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
