😌 Binance clears the air after unusual coin trading activity; "intervening too much in the market may be the problem" – CZ

😌 Binance clears the air after unusual coin trading activity; "intervening too much in the market may be the problem" – CZ 🤔 Can Solana become a sidechain of Cardano? 🏧 Bank of England is looking crypto devs to create a sample CBDC proof-of-concept

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😌 Binance clears the air after unusual coin trading activity; "intervening too much in the market may be the problem" – CZ 

🤔 Can Solana become a sidechain of Cardano? 

🏧 Bank of England is looking crypto devs to create a sample CBDC proof-of-concept

Binance clears the air after unusual coin trading activity; "intervening too much in the market may be the problem" – CZ

Binance has issued a notice about a few coins trading abnormally on their platform. But according to CZ, it's all just market behavior. He believes that one account started it all by dumping a bunch of money into their trading account and then buying up certain coins. That's when the party started, and it just kept going.

Binance disabled the accounts at first, believing them to be suspicious. But after getting bombarded with complaints from users in various countries, CZ reconsidered. He admitted that there's such a thing as "too much intervention" when it comes to maintaining an exchange in this industry and that finding the right balance can be difficult.

In a statement released earlier this week, Binance made it clear that the trading activity in question was not due to compromised customer accounts or stolen API keys, but said they will provide updates if more information becomes available.

It looks like the market had too much fun on Sunday and Binance is ready to move on. All's well that ends well, right?

Can Solana become a sidechain of Cardano?

It looks like Cardano and Solana are mulling over a potential sidechain partnership as Charles Hoskinson hesitantly throws his approval behind the movement. If this comes to fruition, Solana might become a sidechain of Cardano.

An informal survey of Cardano community members yielded 80% support for a budding relationship between the two blockchain networks - seems like people may be Ready to Rocket Onward into the great unknown (or at least, the somewhat known) together.

Charles Hoskinson, the CEO of IOHK and the founder of Cardano, had a casual yet encouraging response to the survey. He tweeted out a meme implying that although he's got no official plans yet, he's open to the idea of building a blockchain bridge between Cardano and Solana.

Even though this might sound good in theory, the reality is that both networks are technically unable to integrate due to their different architectures and protocols. But that won't stop either network from having a great 2023: Cardano recently passed 4,000 smart contracts and saw new staking addresses surge by 20,000 and Solana has recorded massive growth in the NFT sector.

Maybe one day these two networks will find a way to integrate - until then, it looks like they'll just have to keep exploring the stars solo.

Bank of England is looking crypto devs to create a sample CBDC proof-of-concept

The Bank of England is daring to dream big and it's calling all crypto dev wizards to show what they've got.

Tha bank is seeking a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23. Apparently, it wants to make the idea of a CBDC product "more tangible for internal and external stakeholders."

It's a pretty ambitious project, but the bank is putting its money where its mouth is. It's budgeting up to 200,000 pounds ($245,200) for the five-month contract. The key deliverables include a wallet mobile app for both Android and iOS, a wallet website, an example merchant website and a back-end server.

The proof of concept is likely to raise a few eyebrows, but the Bank of England is serious about its mission. CBDCs have the potential to revolutionize payments, boost financial inclusion and make money transfers faster, cheaper and easier. Or they will just ruin the economy, who knows?

Either way, it's a great opportunity for devs to work on a cutting-edge project, if nothing else.