Cyber

Coin

The king of <a href="https://coin-turk.com/visadan-yeni-bir-kripto-para-ortakligi-daha" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> exchanges, <a href="https://en.coin-turk.com/binance-makes-a-move-to-invigorate-the-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, continues to fire <a href="https://en.coin-turk.com/bitcoin-continues-to-climb-towards-the-summit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> rockets to its investors even in bear markets. As the largest cryptocurrency exchange in terms of volume, investments made by Binance are highly significant and have serious effects on prices. But which altcoins did they invest in and why?
<h2 style="text-align: justify" id="altcoins-that-binance-invested-in">Altcoins That Binance Invested In</h2>
According to the announcement shared by Binance, the exchange’s investment arm, Binance Labs, has invested in CyberConnect (CYBER). This project facilitates the creation of Web3-focused <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">social media</a> applications. The interest in the SocialFi space is still alive and Binance supports it by investing in CyberConnect.
<img decoding="async" class="size-full wp-image-270123 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/Binance-Yatirim-Yaptigi-ALtcoinler.png" alt="" width="960" height="521">
Binance also stated the following:
<blockquote>
 “CyberConnect is designed to disrupt the current status quo of centralized social media platforms and offers an alternative that provides a familiar Web2 user experience to a community. CyberConnect, through its in-house social network application called Link3, which helps the best projects reach new audiences and protect existing ones through Web3-specific activities, posts, and profiles, has collected 1.3 million user profiles so far.”
</blockquote>
The funds raised will be allocated strategically to ecosystem expansion initiatives, community rewards, and product launches. These funds will be used for the release of CyberWallet and “Login with CyberConnect” SDKs, as well as the release of CyberConnect V3. Additionally, the CyberGrant developer program will also be launched.
Along with the news, the price of CYBER Coin jumped from $5 to $5.9. Continue Reading: <a href="https://en.coin-turk.com/binance-makes-investments-in-altcoins-which-ones-and-why/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/binance-makes-investments-in-altcoins-which-ones-and-why/</a>

Binance Makes Investments in Altcoins: Which Ones and Why?

Table of Contents

COINTURK NEWS

Other articles published on Oct 25, 2023

Kaiko reports exchange de-listings at an all-time high

Banks Annexing With DEXs, Fiat24 Bank and Uniswap Partnership

QUASA MEDIA - Growth Hacking Blog. Exclusive Life Hacks. Best Ideas.

Connection Between Binance and HKVAEX Established in Hong Kong

Giant Mammoth (GMMT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Daily Analysis: BTC, ETH, LINK, CFX, FTT

Join our free newsletter for daily crypto updates!