The 24-hour transaction count on PancakeSwap (CAKE) has hit 1.733 million This amount has exceeded Ethereum’s at 1.427 million in the same time period Total value locked on PancakeSwap continues to hover around $10 Billion CAKE is now valued at $40, increasing by 80x since October The DeFi platform of...
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...
Summary: Binance has stepped up the verification of users that have been potentially affected by the latest data breach. A hacker claims to have obtained the personal data of over 1 billion Chinese residents from the Shanghai police. The anonymous attacker seeks 10 Bitcoin on the dark web for 23...
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,...
Quick take: CZ has clarified once again that the Binance Smart Chain is not a replacement or killer of Ethereum He believes ETH2.0 will be awesome when launched and BSC is more like ETH1.8 Transactions on the Binance Smart Chain are 100% backward compatible, faster and have lower fees when...
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...
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...
CZ has cautioned traders and investors against using tweets of rich people to trade He explained that most rich people do not become rich by doing things according to other rich people Elon Musk has updated his Twitter profile picture to one of an anime character with laser eyes and...
The U.S. Department of Justice is reportedly considering fraud charges against Binance. Federal prosecutors are reluctant to pursue a lawsuit due to concerns about a potential bank run on the exchange.
In summary: Earlier today, the engineering team at Binance successfully completed an upgrade of the trading platform. Binance CEO, CZ, explained that this was the largest upgrade to date. The team switched the matching engine to a new programming language that would make the platform 10x faster. The changes were...
Summary: The top 5 Dapps on the Binance Smart chain have exceeded 283k in unique active wallets Binance Smart Chain Now hosts 63.63 million unique addresses Binance Coin (BNB) has hit a new all-time high of $439 with no signs of slowing down The top 5 decentralized applications on the...
