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“# Binance opens layer-2 ETH deposits with Arbitrum One integration ” Today, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One Layer 2. Arbitrum is a third-generation layer-2 optimistic rollup protocol that runs on an off-chain Ethereum contract and lowers costs and speeds up transactions…
“# CRO price hits new high after Crypto.com wins Los Angeles’ Staples Center naming rights ” Crypto.com’s native cryptocurrency CRO hit an all-time high of $0.593 on Nov. 18 after the company won the naming rights to Los Angeles’s Staples Center. The cryptocurrency trading platform announced Tuesday night that it had paid $700 million to the Anschutz Entertainment…
“# Opulous (OPUL) rallies 785% as fans dig the sound of NFTs in the music industry ” There is potential for the use cases of nonfungible token (NFT) technology to expand far beyond the simple tracking of unique images with varying degrees of rareness and analysts project that one NFTs will touch every facet of…
“# Binance Smart Chain hits record-high daily transactions ” Analytical data from BscScan, a sister product of Etherscan, reveals that Binance Smart Chain (BSC) surpassed 14.7 million blockchain transactions on Tuesday. This establishes a landmark all-time high for the decentralized finance network, which exceeds the previous high of 13.1 million recorded on July 29 this…
“# CZ reveals how many users left Binance after mandatory KYC ” Major crypto exchange Binance took a compliance-friendly approach to its business after years of cat-and-mouse game with regulators around the world and it worked surprisingly well in terms of user retention, according to a new interview with Binance CEO Changpeng Zhao. Speaking to…
“# Keep3rV1, WINk and UMA ignore Bitcoin price dip by posting 20%+ gains ” The seesaw price action that the crypto market is known for is back on full display today as the modest gains Bitcoin (BTC) achieved over the weekend quickly disintegrated in the early market moves as the digital asset followed Tesla stock into…
“# Look out below! Dogecoin risks further downside after a key support is tested ” Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely…
“# Two firms account for the majority of Tether received: Report ” Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the U.S. dollar and decentralized digital currencies operating on…
“# DEXs growing faster than CEXs but Binance still sees 171M visitors in a month ” A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors…
“# Former Binance execs say exchange is worth $300B: Report ” Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today. According to a Thursday report from the Wall Street Journal, former executives of…