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...
In summary: Coinmarketcap has followed through on its promise to rank Bitcoin derivatives markets on a separate page. Huobi, Binance and Bitmex are in the top 3 positions respectively. ByBit and OKEx come in fourth and fifth. The 24-hour volume of the Bitcoin derivatives markets indicate that leveraged trading is...
The stablecoins that makeup Curve’s 3pool have seen increased outflows since the hack. The demand for CRV continues to fall, putting downward pressure on price. In the aftermath of Curve’s reentrancy exploit of July 30, 3pool, one of the decentralized exchange’s (DEX) prominent liquidity pools, continue to experience capital flight,...
In summary: Timothy Peterson of Cane Island Alternative Advisors has postulated that ChainLink (LINK) can go as high as $32 by the end of 2020. However, he warns that such a move by LINK would not be sustainable. Furthermore, buying at such levels could result in investors of LINK losing...
CoinMarketCap has partnered with Hello Labs to launch Killer Whales, a crypto reality show inspired by Shark Tank. The show will see Web3 entrepreneurs pitching their projects to crypto industry experts.
In summary: Coinmarketcap continues to evolve and now has a headlines section for crypto news updates. Binance CEO, Changpeng Zhao, made the announcement on Twitter via a poll asking if crypto news was a good idea on Coinmarketcap. The new headlines section highlights top news in the crypto-verse. Headlines on...
In brief: XRP has broken out of the falling wedge with its origins in September 2018. The wedge was first identified by crypto analyst, MagicPoopCannon. XRP’s push in the crypto markets has the remittance coin gunning for $0.25. XRP has edged out Tether (USDT) on Coinmarketcap and could remain in...
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...
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...
Quick summary: Binance Coin (BNB) has corrected to the $28 level after a local peak of $33.38 The pullback happened immediately CZ tweeted about the new peak value Bella Protocol (BEL) trading commences today Binance has canceled the listing of BTT/USDT perpetual contract The exchange has listed SWRV, LTCUP, LTCDOWN...
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: 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...