Author: Donald Munn
Binance together with PancakeSwap launches a Mini Program allowing users to use DeFi dApps directly on the crypto-exchange’s centralized app. Binance and PancakeSwap launch Mini Program: connecting DeFi with CEX The most popular of crypto-exchanges, Binance, has announced that it is partnering with PancakeSwap to jointly launch the first DeFi project on Binance’s centralized app: the PancakeSwap Mini Program. Bridging DeFi and CEX. https://t.co/gLi1HccPlP — CZ Binance (@cz_binance) March 17, 2022 “Bridging DeFi and CEX” And indeed, as stated by Binance CEO Changpeng Zhao or CZ, the aim is to connect decentralized finance (DeFi) with the centralized exchange (CEX). In…
Bitcoin Analysis Bitcoin’s price bullishly engulfed its daily candle on Monday and closed its daily session +$1,339. Bullish BTC market participants have controlled much of BTC’s price action over the last ten days by percentage and BTC’s price closed Tuesday at its highest level since March 3rd. The first chart we’re analyzing today is the BTC/USD 1W chart below from metalhound. BTC’s price is trading between the 0.236 fibonacci level [$41,382.70] and 0.382 [$46,672.84], at the time of writing. The primary target overhead for bullish BTC market participants is 0.382 followed by 0.5 [$50,948.43]. The third target overhead for bullish…
Ukraine’s President Volodymyr Zelenskyy on Wednesday signed a law legalizing the use and possession of Bitcoin and cryptocurrencies in the country, the first case in Europe and among the first in the world. This decision was made after receiving over $100 million in digital currency donations in recent weeks during the war with Russia. Dear crypto community, you are awesome! We are grateful for such a massive support. Every donation matters. Our Crypto Fund has just reached $60 mln. Cryptocurrencies do real impact. https://t.co/7GVYGniGXh — Mykhailo Fedorov (@FedorovMykhailo) March 20, 2022 Ukraine’s crypto law The law establishes conditions for launching…
Ethereum’s partial fee burn, which began in August last year with the London fork, has surpassed two million ETH burned. Burned ETH decrease currency inflation WatchTheBurn.com now counts 2,007,612 ETH burned so far out of 3,095,047 ETH given as rewards to miners. This means that the total number of ETH in circulation since August has only increased from 117 million to 118.5 million, an annualized rate of just under 2%. In the previous twelve months, it had risen from 112 to 117, or +4.5%. In other words, London has more than halved the inflation of the ETH money supply, bringing…
Fast Private Jet, the world’s leading business aviation company and the first company in the sector to conduct cryptocurrency transactions, has released an interesting new survey of the world’s most crypto-friendly cities, boasting the highest number of businesses and venues that accept digital currency payments. The ranking of crypto-friendly cities This is a growing trend that the Italian company wanted to investigate in detail for the benefit of travellers, who are increasingly inclined to use digital tools to make their payments. More and more businesses such as hotels, restaurants and shops are accepting payments in digital currency, which is transforming…
Ray Dalio’s fund, Bridgewater Associates, is reportedly preparing to make its first real investment in cryptocurrencies. Bounce for Bitcoin This was revealed by CoinDesk citing anonymous sources that the world’s largest hedge fund is planning to buy into crypto derivatives, and not cryptocurrencies directly. The news broke last night when the price of Bitcoin was just over $41,000. The crypto markets did not react to the news, but overnight the price jumped above $43,000 in just under two and a half hours. It later fell as low as $42,000, but then bounced back to above $42,500. Bridgewater Associates, Ray Dalio’s…
In the UK, crypto ads are in the crosshairs of the ASA’s Enforcement Notice, which has issued guidance that advertisers should rely on for their cryptocurrency ads. UK: crypto ads monitored by ASA’s Enforcement Notice The ASA’s Enforcement Notice has reportedly issued an enforcement notice to more than 50 companies that advertise cryptocurrencies. The aim is to instruct them to review their ads and ensure that they understand and comply with the rules so that consumers are treated fairly, while condemning misleading and irresponsible cryptocurrency advertisements. Specifically, the ASA’s Enforcement Notice provides this very guidance to the cryptocurrency industry on…
Coinbase Cloud has announced the launch of its blockchain infrastructure with dedicated solutions and services for Avalanche. Coinbase Cloud supports Avalanche With this move, Coinbase chooses to enhance a blockchain that has $11 billion in locked assets and 185 protocols built on it. These include Curve, Aave, Defi Kingdom. It has enjoyed a meteoric rise since its launch in 2020, with a boom in 2021 in particular. Thanks to the infrastructure provided by Coinbase, it will be easier for developers to build products on Avalanche, using the staking functions provided by Coinbase Cloud. As explained by Coinbase on its official…
Blockchain in marketing: introduction The use of blockchains will become mainstream in a few years from now, so say consultancies and pundits, who look at penetration curves across the globe (1). Crypto is on the rise and powerhouses like Starbucks and Nike are merging blockchain into the fabric of business, reinventing the dialogue with their fans. In this short piece, we double click on how the efficiencies, tracking and reconciliation capabilities of blockchains will revolutionize the famous 4 P model (2). We will do that with a slightly activist tone. The future scenarios are, indeed and on purpose, exaggerated, to…
Temera, Luxochain and Polygon after working in partnership with luxury brand Bulgari, are set to launch a new watch that will make history: Octo Finissimo Ultra, certified on the blockchain. Bulgari and the limited edition watch on blockchain We are not talking about a simple luxury product, but about a new wrist jewel that will become the emblem of all the potential and the great advantages that blockchain can bring within the fashion and design industry. There will be only 10 pieces of this new Bulgari watch. The luxury maison is proving to be at the forefront; a brand able…