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“# 3 reasons why DeFi users are bullish on Abracadabra, Magic Internet Money and SPELL ” Stablecoins and their use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency bull market because allow investors to participate in the ever-growing number of protocols that offer high yield staking pools and they ease…
“# Phoenix Global token soars by 5,600% in just four minutes — But there’s a catch ” It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413…
“# Former Comptroller Brian Brooks gets a new gig as Bitfury CEO ” Former Comptroller of the Currency and Binance.US CEO Brian Brooks has been announced as the new CEO of crypto (BTC) mining firm BitFury. According to a Nov. 4 announcement from Bitfury, Brooks was appointed last Friday and he will lead the firm…
“# Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar ” High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction….
“# SQUID token up 600% today despite debacle and Binance investigation ” The world’s biggest crypto exchange, Binance, has launched an inquiry into the Squid Game token to trace funds associated with the epic 45,000% pump and dump a few days ago. The Binance Smart Chain-based gaming token SQUID is suspected to be an exit…
“# Binance crypto withdrawals return to normal following system backlog ” Major cryptocurrency exchange Binance announced the suspension of all transaction withdrawals on its platform on Monday morning due to a “large backlog” of data. CEO, Changpeng Zhao, assured all users that funds were safe, before the functionality was restored. The platform shared this announcement…
“# NFT hype isn’t cooling down as Coinbase and FTX only dive deeper ” Nonfungible tokens (NFTs) and the marketplaces they trade on have been the talk of the cryptoverse for a while now. Even amid the peak of the bull run, the hype for NFTs is not decreasing. It is arguable to say that…
“# Meme coin mania triggers triple-digit gains from Binance Smart Chain-based altcoins ” This week’s surge in popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) could be signs that the good times are back and a quick glance at crypto Twitter shows a long list of tweets where aspiring traders discuss buying Lambos,…
“# Binance Smart Chain surpasses 1.5 billion lifetime transactions ” Binance, the world’s largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain (BNB) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020. According…
“# Binance CEO expects ‘very high volatility’ in crypto. Here’s how to trade it ” Volatility is a complex statistical measure commonly used by traders and investors. Those unfamiliar with it will likely attribute some sort of special ‘standing’ to analysts whenever the term is used. However, as shown in a recent comment by Binance…