Crypto news

The growing anticipation for the 15th Binance Coin burn led to a highly volatile trading day in which the token surged to yet another all-time high of roughly $640 before dumping by over $100 in minutes. Interestingly, the enhanced fluctuations resulted in over $125 billion in BNB liquidated in hours. 15th Binance Coin Burn Incoming Initially, as stipulated in BNB’s whitepaper, the token goes through a burning process every quarter in which Binance buys and destroys BNB worth...

MicroStrategy, a publicly-listed company spearheaded by Michael Saylor, who’s arguably one of Bitcoin’s biggest proponents, will now pay the board fees to its non-employee directors in bitcoin. According to a new filing with the United States Securities and Exchange Commission (SEC), MicroStrategy has modified the compensation arrangements for non-employee directors. Per the document, they will “receive all fees for their service on the Company’s Board in bitcoin instead of...

By partnering with a German-based investment firm and Switzerland’s Digital Assets AG, Binance will introduce zero commission tradable stock tokens. Each new coin will represent one share of equity stock and will be fully backed by a depository portfolio of underlying securities. The first such token will be Tesla. Binance Launches Commission-Free Tradable Stock Tokens The leading digital asset exchange, Binance, announced its latest development in a press release shared with...

Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The previously referred to as “magical internet money” has been on a mind-blowing bull run since early October when it dabbled...

Tezos saw notable gains over the past seven days as the price of its native cryptocurrency, XTZ, surged by around 25%.  This comes amid news of the release of the Tenderbake testnet – a new algorithm adapted to handle an arbitrarily large number of validators.  Tezos Tenderbake – What is it All About? The update was introduced in a whitepaper called Tenderbake – A Solution to Dynamic Repeated Consensus for Blockchains.  According to the official Medium release, the algorithm...

[PRESS RELEASE – Please Read Disclaimer] A live wire on the cricket field, a leader who has led the Tamilnadu cricket team to multiple trophies including the latest Syed Mushtaq Ali Trophy, and a consistent run maker Dinesh Karthik’s popularity has been on the rise in the last few years. He has been signed as the brand ambassador for the 4-month-old start-up Rage.Fan. This partnership is the first time ever a blockchain project is onboarding a brand ambassador who is a...

[PRESS RELEASE] Raze Network, the first Polkadot-based cross-chain privacy protocol, announced its public distribution sale on Balancer Liquidity Bootstrapping Pool (LBP) to make Raze tokens accessible in a fair, linear, and decentralized manner. Trustless, decentralized privacy protocol Raze Network successfully raised $2.2 million in its seed and private funding rounds. The seed and private funding rounds had participation from prominent blockchain and crypto VC firms,...

London-based challenger bank Revolut announced that it will expand support for more cryptocurrencies. In an official PR, the firm announced that 11 new tokens would be added to its exchange platform in another effort to satisfy its customers’ appetite for cryptocurrencies. You asked for new tokens, we’ve delivered. We’ve been tracking hot tokens and top movers to bring our UK and EU customers 11 new cryptocurrencies. These new tokens embraced by Revolut are very focused on...

Billionaire investor and former hedge fund manager Mike Novogratz is saying that the United States is going to seriously fall behind granted it does not develop a digital dollar in the immediate future. Mike Novogratz: We Need a Digital Dollar Mike Novogratz has always been a huge bitcoin and cryptocurrency advocate, and he feels that in many ways, digital assets will be the future of money. Thus, he is urging the United States to take control of the financial reins. He...

Bitcoin has surged like no other asset. The currency is presently trading for about $58,000 – just $3,000 shy of its all-time high. However, while this may all sound dandy at first, there are many analysts out there who seem to think this is just the tip of the iceberg. They claim that bitcoin is going to continue skyrocketing this year – so much so that it may end up reaching $400K per unit by the end of 2021. Bitcoin Is Likely to Spend the Rest of the Year Increasing...