Crypto This Week: Binance Goes Into Charity, IMF Warns About Cryptocurrencies, Airdrops And More


Today on Crypto This Week we discuss Binance recent announce of dedicating part of its profits to charity, the International Monetary Fund wards about cryptocurrency, the most exciting Airdrops of the week and much more.

Binance’s Charity Work

After some backlash following the listing of Bytecoin on their exchange, the Binance team has announced that they are introducing a new policy. 100% of their listing fees s will be donated to charity!

The CEO of Binance immediately took to Twitter by staying ‘hope others will follow’ referring to the new policy on transparency. He continued to tweet that ‘…this is a win-win on multiple fronts’ because ‘charity will increase adoption, make the industry bigger, which in turn will benefit binance (and others too).’

IMF Warns About Cryptocurrencies

Forbes reports that the International Monetary Fund (IMF) warns that the sudden growth of cryptocurrency assets could create “new vulnerabilities in the international financial system,” as global banks adjust to the recent boom in the emerging market.

This is not the first time the IMF has warned potential risks involving cryptocurrencies as can be seen in their stability report last week stating that: ‘Despite its potential benefits, our knowledge of its potential risks and how they might play out is still developing…’ and that ‘…regulators and supervisors must remain vigilant to this financial market evolution and ready to act if needed.’

Bitcoin and other altcoins like Ethereum, XRP,  Litecoin, EOS, and Stellar are undergoing examination by the traditional financial system to figure out how they can be used as not just investment tools but also faster ways to move money across borders.

Bitcoin The Ultimate Stablecoin

Big news for the blockchain community and ether users as Vitalik Buterin said this week that Ethereum 2.0 will be launched in 2019. Ethereum 2.0 includes proof of stake, a new virtual machine for more flexibility in smart contracts, and scalability improvements. Vitalik is optimistic that the most pressing theoretical questions have been solved.  

Not only has Bitcoin decided to be the ultimate stablecoin, it is also receiving support from a popular crypto analyst and host of CNBC’s show, Ran Neuner, predicting a bull move in the upcoming weeks. According to him, the sudden pump in prices from 2017 that happened between November and December of last year, was mainly due to the approval of Bitcoin Futures.

Neuner thinks the upcoming Bitcoin ETF decision will have a similar impact if approved. This would have an even bigger impact than Bitcoin Futures. In fact, the Cryptotrader host is so certain about the upcoming Bitcoin bull run that he even said he just bought Bitcoin for his parents. The coin is still standing at around the $6,600 mark and has been unable to break that $6,800 resistance. Most Altcoin are currently in the red. Total market capitalization of all cryptocurrencies is around $221.4 billion and the market is generally stable.

Now let’s talk about this week’s Airdrops, Aerum and Gallactic

Aerum Round 4 (XRM)

Aerum is a high-performance scalable Ethereum-compatible platform designed for B2B and B2C applications. Their mission is to provide complete and ready to use practical infrastructure for building and using ÐApps.

Aerum is airdropping a total of 1 million XRM tokens which is equivalent to $60,000 among airdrop participants. Each user will receive up to 15 stakes ranging from $18 to $180 and 1 stake for every referral up to 20. The limits of the stakes will vary between 20 and 200 XRM a stake that is between $1.20 and $12. The ICO price is 1 XRM equivalent to 0.06 USD and the Aerum airdrop will end on October 12.

Steps to join this airdrop:

Gallactic (GTX)

Gallactic is an infinitely scalable, high-speed blockchain to execute the next generation of Smart Contracts and decentralized applications of the future. The Gallactic Blockchain Project will serve 3 categories of users: Open Source Community Members looking to fast-track their development projects, individuals who want to participate in the new digital economy and smart-contract products and services within the Gallactic Blockchain Architecture and businesses that need a solid and innovative technology infrastructure to future-proof their adoption of blockchain technology.

Gallactic is airdropping 4.8 GTX tokens the equivalence of $6 to the first 10,000 airdrop participants and 0.8 GTX tokens equalling $1 for every referral.

Steps to join this airdrop:

  1. Go to Gallactic airdrop form
  2. Submit your E-mail address
  3. Join their TELEGRAM
  4. Follow them on TWITTER
  5. Like them on FACEBOOK
  6. Submit your ETH address

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