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...
Quick take: On the 8th of September, an investor sent $1M in USDT to the Swerve Smart contract The amount was more or less lost Bitfinex CTO, Paolo Ardoino, advised the owner to open a support ticket with Tether The $1M in USDT was finally retrieved Binance also has a...
Quick take: Binance CEO has invited Ethereum DeFi projects to the Binance Smart Chain Migrating to BSC would lessen the load on Ethereum and consequently reduce ETH fees Several DeFi projects are already running on the Binance Smart Chain Binance Smart Chain has now reached 10% of Ethereum’s capacity 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: Binance is carrying out a one of kind crowdfunding event that fuses its Launchpool and Launchpad platforms Beginning today, BNB holders can participate in the ALPHA token sale They can also stake their BNB, BUSD or BAND on the Binance Launchpool to earn ALPHA Binance Coin (BNB) stands...
Quick take: Filecoin’s mainnet will be launched today, October 15th at 2:45 pm UTC Binance, Gemini, KuCoin, Kraken and Huobi will list Filecoin (FIL) Filecoin aims at revolutionizing the decentralized storage industry The highly anticipated Filecoin (FIL) mainnet will be launched today, October 15th, at 2:45 pm ending a three-year...
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: 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: 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...
Summary: Binance CEO, CZ, has pointed out that Ethereum’s market cap is bigger than that of Spotify, GM, Baidu, Ferrari and BMW The market cap of BNB is considerably smaller but bigger than Xerox Bitcoin’s market cap recently exceeded that of Visa Ethereum and BNB are two digital assets to...
Quick take: Binance has carried outs its highest quarterly coin burn to date 3,619,888 BNB or $165,791,000 worth of BNB, was removed from circulation forever Binance has released details of its new accelerated BNB coin burn program The old plan would take 27 years to complete with the accelerated version...
Quick take: The Binance team has never sold any BNB from the team allocation This is despite their Binance Coin (BNB) being unlocked The funds are now valued at approximately $2.192 Billion The funds can be view via publicly viewable addresses on the Binance Chain Such commitment is proof that...
