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Binance Burns 1.64 million BNB
Binance is a leading international crypto exchange and they do quarterly burn for BNB coin. This time they burnt 1.64 million BNB, a massive amount that can be good for the BNB coin economy in the long run. These coins are removed from circulation and supply is reduced. Although there is no positive impact on the price as of now but impact should be visible after some time and maybe we can see BNB crossing $700 soon.
TON Blockchain Launched Smart Wallet with Gasless Fees
TON Foundation has launched such a fantastic smart wallet where we dont need to keep the Ton for gas fee. Transactions can be performed without gas fee for $USDT and Notcoin and this is a nice functionality that is very good. The TON blockchain is getting more popularity in less amount of time this has grown significantly such innovative developments are going to help the chain even faster.
This year we have a presidential election in the United States and the result is expected in Nov month. Biden has withdrawn his nomination but we still have 2 nominees for this upcoming election and one can be considered as a crypto pro. Some big companies have extended their support to one of the nominees and there is a risk of recession if things don't fall as expected.
The global economy is not doing great and this is a topic of discussion for many reasons. International Monetary Fund has released its monthly report and this time it covers the slow growth on the global front and the issue is mainly hunger and food insecurity. Things have gotten worse after the covid pandemic and even after a few years of lockdown, there has been no improvement.
Lebanon has gone through a tough time due to a tragic incident in October 2019. This had caused a financial loss to the country of over $120 billion and even after almost no one has been accused. This is certainly not good for any country and reading this article can help you have better insights about the topic
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