✊ Polygon-based NFT sales are up 190%

✊ Polygon-based NFT sales are up 191%  👀 Binance acquires Sakura Exchange BitCoin (SEBC) 📈  Brazil legalizes crypto payment services: a step forward for financial inclusion and innovation

GM, frens. Hopefully this week has been good to y'all despite the chaotic cryptocurrency market. It might seem like a rollercoaster ride but don't forget, the cycle of highs and lows is the nature of trading. It takes a brave heart (and a bit of insanity) to ride it out.

Here's what we've got today:

✊ Polygon-based NFT sales are up 191%  

👀 Binance acquires Sakura Exchange BitCoin (SEBC) 

📈  Brazil legalizes crypto payment services: a step forward for financial inclusion and innovation

Polygon-based NFT sales are up 190%

The NFT market is no doubt in a bullish trend, but it seems that Polygon is determined to take the lead in this race. It seems like Polygon made a bet and won with the masses, leaving other blockchains watching from the sidelines. Messari has reported that Polygon-based NFT sales have skyrocketed by an impressive 190%, leaving all the other blockchains feeling a little left out.

It looks like Polygon has won the hearts of such giants as Starbucks, Instagram (Meta), and Reddit – integrating itself into their infrastructure in record time. It's almost as if these companies were expecting Polygon to take off and jumped on the bandwagon before it was too late. And the bet has paid off – Polygon's success in this market is a testament to its power.

Polygon is fourth in the rankings of top chains in terms of total NFT sales and their success has had a positive effect on the price of MATIC, the native token fueling its network. With this increase in demand, it's no wonder that MATIC is currently ranked tenth among the largest cryptocurrencies by CoinMarketCap. All in all, it's been a great autumn for Polygon, and we can only hope that this trend of success continues throughout 2023.

Binance acquires Sakura Exchange BitCoin (SEBC)

Binance's expansion in Asia sends a clear message: they want to corner the market and become the go-to crypto exchange for everyone, everywhere. With their latest entrance into Japan, Binance is giving other exchanges a run for their money.

Binance has just bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange that is regulated by the country’s Financial Services Agency. So, not only does Binance have its foot in the door of regulation, but it also has its hands on one of the most popular exchanges in Japan.

That would be the 12th license for Binance. In the past, Binance has secured licenses in places like France, Spain, Poland, Dubai, Cyprus, Bahrain and Abu Dhabi. Now with Japan officially on the list, Binance is one step closer to world domination.

Needless to say, this is sure to be a game changer for the crypto industry. Whether its competitors like it or not, Binance is on a mission to become the top dog of cryptocurrency exchanges, and with this acquisition in Japan it looks like it's well on its way. On the other hand though, it's also a warning that if anything would ever go wrong with Binance, crypto would probably be thrown into chaos.

Brazil legalizes crypto payment services: a step forward for financial inclusion and innovation

It seems that Brazil is taking a bold step toward financial inclusion and innovation, becoming one of the first countries to regulate cryptocurrencies as a means of payment! As the world moves closer towards digitalization and decentralization, Brazil has become part of this shift.

Brazil's lawmakers have signed a bill that seeks to regulate the use of digital currencies and frequent traveler rewards as payment agreements under the supervision of its central bank. By doing this, Brazil is looking to provide a boost to cryptocurrency adoption in the South American nation.

This essentially means that banks in Brazil could begin offering crypto payment services for buying and selling goods, similar to how credit cards are currently used. Already, a few Brazilian banks are experimenting with cryptocurrency custody services and developing their own asset tokenization platforms.

This move could be seen as a sign of progress and forward-thinking when it comes to embracing new technologies and financial instruments. And even though we're in the bear market

This could be just the start of something big and hopefully other countries will follow suit in embracing digital assets, providing an even bigger boost towards cryptocurrency adoption worldwide.