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“# Binance Labs backs Polkadot ecosystem with $2.4m investment in Plasm Network ” Binance Labs has led a $2.4 million Series A funding round for Polkadot-based smart contract platform, Plasm Network. Plasm Network’s funding round is the first investment made using Binance Labs’ $10 million fund to support projects in the Polkadot ecosystem. Plasm is…
“# Rising Bitcoin futures funding rate signals traders expect $50,000 BTC ” Today Bitcoin (BTC) price rallied to a new all-time high at $44,900 shortly after Tesla announced a $1.5 billion investment. This event triggered $555 million worth of shorts to be liquidated in two hours and it happened as Bitcoin futures open interest reached…
“# Major exchanges struggle as Bitcoin pumps on $1.5B Tesla investment ” Service outages have been reported at major cryptocurrency exchanges on Feb. 8, following the news that Tesla invested $1.5 billion in Bitcoin (BTC). As Cointelegraph reported earlier, news of Tesla’s sizeable investment broke after the discovery of a filing with the U.S. Securities and…
“# PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M ” Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the…
“# Binance Coin hits all-time highs as BNB surpasses Bitcoin Cash by market cap ” Binance Coin (BNB), the in-house token of cryptocurrency exchange Binance, saw its price hit a new all-time high this week, passing Bitcoin Cash (BCH) by market cap. BNB/USD 1-week candle chart (Binance). Source: TradingView BNB, Binance volume hit records Data…
“# US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run ” Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market. Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most…
“# XRP price gains 86% after Wall Street Bets’ crypto wing says ‘pump it’ ” XRP price underwent a strong 86% breakout in the early trading hours on Jan. 30 as the fourth-ranked cryptocurrency by market cap became the new coin of focus in the r/Wallstreetbets cryptocurrency-focused off-shoot r/Satoshistreetbets. Data from Cointelegraph Markets and TradingView…
“# Dogecoin withdrawals get complicated during parabolic price increase ” Global cryptocurrency exchanges are increasingly experiencing issues with Dogecoin (DOGE) withdrawals amid Redditors pumping the altcoin up to 900% in the past two days. On Jan. 28, a number of crypto users reported on Twitter that they were unable to withdraw their Dogecoin due to…
“# Binance survey finds that ‘hodlers’ still dominate crypto ” The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC)…
“# 2 key metrics suggest Bitcoin price won’t be pinned below $33K for long ” Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and dropping the majority of these gains. While this $3,800 shift to the downside might not seem significant, the 12% oscillation liquidated $660 million…