In brief: After breaking $12k and $400, Bitcoin and Ethereum fell hard to $10,500 and $325. Crypto traders were caught off guard with over $1 Billion in liquidations. The volatility might just prove that we are in a crypto-wide bull market. The month of August opened on a high note...
In brief: Binance Coin investors are optimistic that details of the new IEO will be announced soon. The last Binance IEO was held in April of this year. Since the initial announcement of a possible IEO, Binance Coin (BNB) has gained from $17 to $22. BNB still has more room...
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...
In brief: Binance has announced that crypto enthusiasts can now stake BNB on the Binance Chain Testnet. The staking will be via testnet BNB available through a faucet. The move is in anticipation of the actual staking of BNB on the mainnet of the Binance Chain. Earlier today, the crypto...
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 summary: The team at Binance has announced a partnership with the Band (BAND) Protocol. Binance Smart Chain has integrated BandChain’s decentralized Oracle Network. The oracle network connects real-world data and APIs to smart contracts. This move solidifies Binance Chain’s intention to venture into DeFi. A few hours ago, the...
In brief: Binance has launched the long-awaited staking of BNB on the trading platform. The DeFi staking of BNB will commence today, August 20th, at 1 pm (UTC). 7-day and 30-day products will be available and participants stand the chance to earn 25% APY on their BNB. The BNB staked...
Quick take: Binance has launched a DeFi composite Index perpetual contract The DEFI/USDT index will go live on the 28th of August, 7 am UTC The index is made up of 10 DeFi tokens: BAND, COMP, KAVA, KNC, LEND, LINK, MKR, SNX, SXP and ZRX As with all indices, its...
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...
Quick take: Bitcoin’s drop from $12k to $10k levels has affected DeFi tokens the most Popular tokens such as LINK, LEND, YFI, COMP and more are experiencing double-digit losses However, crypto exchanges such as Binance and Poloniex continue to list DeFi assets indicating confidence in the industry Bitcoin’s recent drop...
Quick take: Over $250 million in Binance Coin has been staked to farm Bella Protocol (BEL) tokens Binance launched its newest launchpool feature to offer a secure way of yield farming The aim of launchpool is to allow investors to stake BNB, BUSD and other tokens to farm other tokens...
Quick take: Binance is offering staking of BNB and BUSD at 60% and 50% APR respectively The popular exchange has decided to embrace DeFi wholeheartedly Continual focus on DeFi is having a positive impact on the price of Binance Coin (BNB) Earlier today, the crypto exchange of Binance announced that...
