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“# Binance crypto exchange to launch its own NFT platform ” Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace. The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June 2021. Based…
“# Ether options open interest grows 80-fold amid rising institutional appetite ” The massive growth of Ethereum’s futures and options arena is reportedly pointing towards significant institutional involvement in the second-largest cryptocurrency by market capitalization. According to a recent report by crypto investment advisory firm Two Prime Digital Assets, the 80-fold growth in Ether (ETH)…
“# Serum (SRM) hits a new all-time high as Solana adoption gains traction ” Decentralized finance (DeFi) has reshaped the face of the cryptocurrency market over the past year, attracting the attention of both institutional investors and retail traders alike as the traditional financial sector continues to warm up to blockchain technology. While the majority…
“# Altcoins hit new highs after bulls kick Bitcoin price back above $50K ” Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided…
“# Price analysis 4/26: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH ” Bitcoin price started the week off with a strong move that propelled the price above $50,000 and at the time of writing, bulls are in pursuit of the $55,000 level. On April 21, JPMorgan analysts wrote that the liquidity in the…
“# Ethereum and Tezos connected via blockchain bridge ” The cryptocurrency space just became a little bit more interconnected after developers created a cross-chain bridge between the Ethereum and Tezos blockchains. Following the launch of the WRAP Protocol, created by Bender Labs, Ethereum-based ERC-20 and ERC-721 tokens can be made Tezos-compatible, allowing ETH holders to interact…
“# Ethereum creator donates 100 Ether and Maker to Indian COVID-19 relief ” Ethereum creator Vitalik Buterin has contributed 100 Ether (ETH) and 100 Maker (MKR) tokens to a COVID-19 relief fund, as the country finds itself embroiled in the virus’ second wave. Buterin contributed to a “crypto-COVID” relief fund set up on the cryptocurrency…
“# ConsenSys to develop private version of Kakao’s Klaytn blockchain ” Ethereum software company ConsenSys has formed a technical partnership with Kakao’s Klaytn blockchain, with a view to developing a private platform for the issuance of a South Korean CBDC. Klaytn is a public blockchain developed by Ground X, a blockchain affiliate of the South Korean…
“# Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up ” Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network’s faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, XMR, CAKE ” Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC) from its all-time high at $64,849.27 does not seem to…