Brave Browser, an open-source web browser based on the Chromium web browser, and its utility token, BAT has been making headlines with updates pertaining to the project’s development and the token’s price surge.
The CEO and co-founder, Brendan Eich tweeted at a software engineer at Ethereum regarding the integration of Web3 for the browser. The ETH software engineer, @cburgdof tweeted:
— Christoph Burgdorf (@cburgdorf) May 21, 2019
Burgdorf suggested an integration of Web3, which is a lightweight Java and Android library for integration with Ethereum clients. According to GitHub, web3j is a lightweight, highly modular, reactive, type-safe Java and Android library for working with Smart Contracts and integrating with clients (nodes) on the Ethereum network.
The Web3 integration allows users to work with the Ethereum blockchain, without the additional overhead of having to write one’s own integration code for the platform.
The CEO tweeted:
Summer. What Dapps do you use?
— BrendanEich (@BrendanEich) May 21, 2019
However, the above statement is subject to change and is only tentative.
Moreover, Brave has been seeing massive adoptions due to its unique utility. According to reports, Google Play Store saw a huge number of Brave Browser downloads following the launch of the ad-revenue program. Over the past three months, Brave crossed Chrome to become the second-most-popular app. However, in May, it lost its position and settled for the third position. Following Brave Browser on the fourth position, was the Opera browser with an inbuilt VPN.
BAT, which is obtained as rewards for the users that use Brave, was ranking 25th on CoinMarketCap and was priced at $0.36. The token has maintained consistency in price over the last seven days, however, it was down by 0.04%, at press time.
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Whale Alert: Massive $300 million transfer takes place on Binance Chain; funds SAFU, says CZ
Binance, one of the world’s largest cryptocurrency exchanges, has been having a wonderful year in terms of new developments, such as their new Binance DEX and the massive growth of Binance Coin [BNB]. Binance’s native token has grown by approximately 500 percent in 2019 alone.
The exchange also recently announced the launch of BTCB, with an objective to provide a crypto-asset pegged to BTC’s value for trading purposes on Binance DEX, with the assets being backed by Binance itself.
Binance’s ecosystem is progressively active and it was recently observed and reported by Whale Alert, an online cryptocurrency-transaction tracker, that a sum of approximately $302 million, equivalent to around 8 million BNB coins, was transferred on the Binance Chain.
The transaction took place of 26th January 2019, with a time stamp of 07:52:56 UTC. It was sent from an unknown address, bnb1jkvrjawcd8wlugk8455wqjggxecyxj9uf0g7uy, to another unknown wallet, bnb13wmeg7ypkcr39wnzy2q02mku2qemnrm4kclezs, for a transaction fee of 0.000375 BNB. The block height of the transaction was #15820220, and it was deemed a successful one.
Following the massive transfer, Changpeng Zhao, CEO of Binance, responded on Twitter regarding the transfer and claimed that the current movement was a rotation of funds between some cold wallets.
CZ suggested with a linked tweet that the movement of funds should not necessarily raise any alarms as the funds were SAFU.
In another tweet, CZ stated that there were currently 4 addresses that were holding 8 million BNB coins each. A total of $32 million BNB was unlocked for the Binance team. However, it was understood that the tokens were not spent and saved in the addresses themselves.
It is speculated that CZ took the initiative to list the reason for the massive transfer as previously, huge BTC transfers, which included a Coinbase wallet transfer, was accused of market manipulation.
At press time, BNB coin was priced at $37.30, experiencing a hike of 1.87 percent over the past 24 hours.
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