Crypto Rebound, Musk Versus Putin Duel Continues And Binance Expands Into Brazil

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Last Updated on 17 March 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Bitcoin and Ether showed strong gains as the hope of a peaceful agreement between Ukraine and Russia grows.

Global stock markets followed suit and a lot will now depend on whether President Zeleynski of Ukraine and President Putin of Russia are able to strike a deal which will let markets concentrate on more normal things like inflation and covid again.

In the past day, biggest gainers in the CoinMarketCap top 100 were Celo (Up 41%), The Sandbox (Up 17%) and Thorchain (Up 16%).

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Musk versus Putin duel continues

Elon Musk, who had two days ago challenged Russian President Vladimir Putin to single combat, has taken it a step further. Doubling down on his previous proposal, Musk promised he would fight him only using one hand. The new offer came shortly after a Putin loyalist told the Tesla CEO that he was no match for Putin.

Binance wades into South America

Binance, still the world’s biggest cryptocurrency and blockchain infrastructure provider, expanded into Brazil when it announced the signing of a Memorandum of Understanding to purchase a Brazilian securities brokerage firm which has a license to operate from the Central Bank of Brazil.

With this, Binance aims to further develop the cryptocurrency and blockchain ecosystem in Brazil.

Changpeng Zhao or CZ as he is known on social media, founder and CEO of Binance, traveled to Sao Paolo to sign the deal himself.

In a PR piece by his firm, he was heard stating:

At Binance, our goal is to grow adoption of crypto around the world to generate a positive impact for our users, the crypto and blockchain community, and society in general. In a fast-developing market like Brazil, crypto can transform and facilitate people’s lives and as such we believe – in full collaboration with local authorities – that Binance has a lot to contribute in developing the community and ecosystem in Brazil.