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“# Bitcoin drops to $46K, altcoins sell-off as report claims Binance is under investigation ” Within the last hour Bitcoin (BTC) price dropped by more than 3%, extending the decline which started on May 12 and saw the digital asset drop as low as $46,000 on some exchanges. Initially, on May 12 it was Tesla’s…
“# Binance is reportedly under investigation from IRS and Justice Department ” Major cryptocurrency exchange Binance is reportedly under investigation by both the U.S. Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from users in the United States. According to a Bloomberg report, the two government agencies…
“# 1inch Network increases liquidity sources by expanding to Polygon ” 1inch Network, a leading decentralized exchange aggregator, has officially expanded to Polygon — a move that opens up additional liquidity sources on Curve, SushiSwap, QuickSwap, Aave V2 and Cometh. 1inch announced Thursday that the exchange liquidity pools will be added immediately, with more protocols to…
“# Shiba Inu hits another exchange as SHIB deposits overwhelm Binance ” Shiba Inu (SHIB) was listed on three different cryptocurrency exchanges in the past 48 hours after an explosive 966% surge in the same time frame sent the token to 18th in the market capitalization rankings. Self-described as the “Dogecoin Killer,” SHIB’s instant addition…
“# DeFi hacks on Binance Smart Chain rise as TVL and volumes increase ” Binance Smart Chain, or BSC, was launched in September 2020 as a parallel blockchain to Binance Chain. It enabled the creation of smart contracts and a staking mechanism for the native token of both blockchains, Binance Coin (BNB). In its brief…
“# Binance CEO says volatility ‘is not unique to crypto’: Data shows it’s Bitcoin’s jet fuel ” During an interview with Bloomberg TV on May 3, Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) “is probably less volatile” than the stock prices of Apple (AAPL) and Tesla (TSLA). Zhao argued that crypto’s volatility was not…
“# BakerySwap, Syscoin and Utrust rally as altcoin season kicks into high gear ” Bitcoin’s (BTC) institutional adoption shows no signs of slowing down. This week Latin America’s largest e-commerce company, Mercado Libre, disclosed that it had purchased $7.8 million worth of Bitcoin as part of its treasury strategy. Mercado Libre was not only in this…
“# Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US ” Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan, Binance CEO Changpeng Zhao said in a Bloomberg interview on Monday. According to Zhao, some of the key features of…
“# DeFi adoption on the Binance Smart Chain reaches new highs ” Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in…
“# MocktailSwap’s ‘Semi-fungible token’ project launches on Binance Smart Chain ” MocktailSwap Finance, an up-and-coming DeFi protocol focused on automated market makers, has launched a so-called “semi-fungible token” on the Binance Smart Chain, offering further evidence of innovation in decentralized finance. The semi-fungible token is based on Ethereum’s ERC-1155 standard, which enables a smart contract…