Summary: The price of popular memecoin DOGE rallied by over 100% in the last week, courtesy of Elon Musk’s Twitter acquisition. On-chain data assessment revealed that the current market is marked by buyers exhaustion. Key indicators on the daily chart suggested that a price reversal is imminent. Courtesy of Elon...
Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month high without a corresponding price growth. Following Binance CEO...
Quick take: ChainLink (LINK) continues on its impressive run in the crypto markets. LINK has edged out Binance Coin (BNB) and Litecoin (LTC) on Coinmarketcap. LINK is ranked 8th and seems destined to take the number 5 spot from Bitcoin Cash (BCH) edging out Cardano and Bitcoin SV in the...
Quick take: The team at Binance will be considering ways of accelerating the BNB coin burn program The current BNB coin burn is done quarterly with the exchange destroying the equivalent of 20% of profits during that time period An accelerated coin burn program will have a positive effect on...
Quick take: In the third quarter of 2020, Binance has dived dip into DeFi BNB can now be staked to earn 60% APR and new tokens through the Binance Launchpool Binance has also set up a $100M incubator fund specifically for DeFi projects Binance Smart Chain is also live on...
In summary: BNB staking will soon be available on the testnet of Binance Chain. Although via testnet BNB, Binance will distribute 3,000 BNB in prizes to participants. The team at Swipe has launched a $16 Million SXP airdrop to Binance Coin holders over a 12 week period. These two events...
Quick take: CZ and the team at Binance, have carried out the 13th quarterly BNB coin burn 2,253,888 BNB worth $68 Million has forever been removed from circulation According to the project’s whitepaper, the token burns will continue until only 100 million out of the initial 200 million BNB are...
Quick take: The Binance Smart Chain has integrated ChainLink’s Oracle solutions. Real-time data from ChainLink will be used to build DeFi applications on the Binance Chain. This move is beneficial to both projects as well as the value of Binance Coin (BNB) and LINK. Moments ago, the CEO of Binance,...
Quick take: Binance has been confirmed as the second major crypto exchange to support the staking of ZIL. The exchange will support the feature later this month. Staking on KuCoin will commence on the 18th of June. Zilliqa is now available on the Bitbns exchange. Staking on the Zilliqa mainnet...
In brief: Early this month, Coinmarketcap changed the algorithm used to rank crypto exchanges. The changes saw Bitmex, ByBit, and Deribit ranked 175th, 177th, and 179th respectively. The team at Coinmarketcap has explained that a separate page for derivative platforms will be added soon. There is no doubt that the...
In summary: Bitfinex now uses CoinGecko for its crypto information widgets The move was first announced on the 23rd of August by Bitfinex CTO, Paolo Ardoino This was after Mr. Ardoino pointed out that Coinmarketcap accounted for perpetual contracts from selected exchanges The crypto exchange of Bitfinex has officially switched...
According to Messari’s new report, user activity climbed on BNB Chain in the year’s second quarter. Daily active address count went up by 26% as daily transactions also grew. However, due to the negative impact of SEC’s regulator activity against Binance, BNB experienced a decline. Within the 90-day period between...
