Category: Cryptocurrency News

Blockchain technology is solving a lot of problems across multiple sectors of the global economy and, apparently, starting a meme gold rush (Source: NBCNews) on the sidelines. But do you ever wonder if there is anything that blockchain can never do? Create liquid assets. The very process of selling a token implies an existence of a counter-party who is willing to buy. Compared to selling stocks or bonds, trading a crypto asset is a lot like selling a house, where it is harder to find a buyer (depending on the coin, of course). More precisely, the illiquidity of crypto assets affects how fast they can be bought or sold at a stable price. To create a liquid asset, you’ll need a promising Dapp, a reputable chain, and a cult-like following. In other words, it is a time-consuming, difficult balancing act. Enter, yield farming. Yield Farming is, quite simply, letting your hard-earned money work for you. It’s no different than owning a savings account. The DeFi puts your money in a money pool, and earns profits by charging interest from these loans. The loans are used for market speculation, which in turn promotes liquidity. A smart contract exists to ensure everything remains in check and no value is lost. After all, you are not providing liquidity out of the goodness of your heart, but for stable returns. A popular quote among compound investors is that money makes money, and the money that makes money makes more money. That’s the case with BNBMatrix, which is helping investors mint money from smart contracts. It is the Dapp to beat the market gains. The desire for yield walks hand-in-hand with the desire for continued market exposure. BNBMatrix.io is the fastest-growing high yield farming Dapp taking the Binance Smart Chain by storm. It has had a good run, but investors might be witnessing just the start of its growth run. When you hear of yields as high as 234% in total, it pays to listen. It’s like gaining bitcoin level returns, without even buying BTC in the first place. That’s right; BNBMatrix is a better deal than dropping tens of thousands of dollars (Source: Coin Market Cap) on a bitcoin. BNBMatrix: the Next Big Thing Let’s pop the hood on BNBMatrix and see how this DeFi fits in with your overall portfolio and personal risk tolerance. This Dapp is about as straightforward and high-yield as a DeFi can get on the Binance Smart Chain. As the name implies, the smart contract uses the Binance coin (BNB) as the benchmark. Perhaps unsurprisingly, a significant focus of the fund goes to the Binance Smart Chain (BSC), which enjoys significant institutional backing (Source: Coin Desk) and high-value traders. Sure enough, the yield reflects these exciting prospects. BNBMatrix offers ROI from 7.8% to 17% earned between seven to thirty days. That means a total profit of 199% to 234% earned between seven to thirty days, depending on your deposit. Speaking of deposits, BNBMatrix accepts deposits of as little as 0.01 BNB for a start. The yield accumulates daily and withdrawals can happen any time depending on the investors’ hunger for the thrill. BNBMatrix is a promising star amongst yield farming DeFi. The service launched recently and is about to cross the 14000 BNB milestone after only 20 days in business. It’s safe to say the market has an appetite for more stability and greater growth prospects. A Guaranteed Way to Make Crypto for You The high returns of the crypto market are awesome, but they come with some nasty baggage. Despite the market’s inherent risks, it is important to piece together a financial plan built on sound ground. So, BNBMatrix has developed features for this purpose. You can’t talk about BNBMatrix returns without considering the security of the smart contract. If the words of the auditors are anything to go by, this smart contract has no vulnerabilities, backdoor, or scams. It’s been audited by Haze Crypto. The returns from the crypto market might look flashy, and if you are not holding cryptocurrencies, you might feel like you are missing out. Achieving it is no easy task either. But, BNBMatrix comes with the promise of stable returns. If a return to stable profits is on your cards, then BNBMatrix makes for an impressive investment. It is a Dapp to seriously consider. The process is user-friendly and customer support is readily available 24/7 on Telegram. Conclusion BNBMatrix has had a nice run, and this could just be a sign of better things to come. If you are after high crypto yields with a bias for the Binance Smart Chain, which you might see amid the humongous returns at present, you might want to put your bet on BNBMatrix. You will not find a DeFi that is more yielding when it comes to profits than BNBMatrix. It is a blockchain with a pristine value proposition. Image: Pixabay

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So can anyone explain to me like I’m 5, what the difference is between these two? And could I technically use my Unstoppable Domain from an exchange for example, say on KuCoin, and withdraw 1 ETH to my dude.crypto address? I know that’s kind of the idea but does it actually work? submitted by…
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The Lithuanian service will launch its utility token to support Web 3.0 governance on the platform, though its expected launch date is undisclosed.

My apologies for being a total noob, however, I have been taking up a few tutorials on Solidity and then this question popped up in my head. Tried looking online for answers but could not find a clear answer. Any guidance would be highly appreciated. Thanks submitted by /u/sheetanshu2020 [link] [comments]

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Bitcoin wrapped up this past Thanksgiving night with a bloody trading session. The first crypto by market cap was rejected as it made its way to $60,000 and has dropped over 6% in the 24-hour chart. As of press time, BTC trades at $54,084 but seems at risk of further downside. Related Reading | New COVID Variant FUD Drives Bitcoin Down To $54k Besides Bitcoin, the traditional finance market took a hefty dive on news of a recently discovered COVID-19 variant in Africa. This wrack havoc across many sectors with the S&P 500 and DOW Jones recording an almost 3% loss in the past 24 hours. As 2020 and 2021 have shown, Bitcoin shows a high correlation with traditional markets during periods of macroeconomic development. Thus, one of the reasons the benchmark crypto has been trending to the downside as investors could fear a new phase of lockdown across the world to prevent the alleged new variant from spreading. The U.S. Dollar as measured by the DXY Index has also taken a dive with a 0.71% loss in the 24-hour chart. The currency was showing significant strength since November 10th, when the U.S. Federal Reserve hinted at the beginning of tapering but was rejected at the 97-price mark. The U.S. dollar rally has been attributed as one of the reasons Bitcoin display weaknesses in the past week. A rejection at these levels could provide BTC’s price with some relief allowing it to make a more convincing rally into $60,000 and uncharted territory if it’s able to prevent more downside in the short term. The positives of today's selloff: 1. It's clearing out the weak hands/excess leverage 2. The $DXY is dropping back below its channel top We'll see if the latter translates to $BTC strength in the coming days. pic.twitter.com/NZ3B1geHUN — Justin Bennett (@JustinBennettFX) November 26, 2021 Bitcoin One Step Closer To New Highs? As NewsBTC has been reporting during this week, the key for Bitcoin to resume its bullish momentum could be found in the derivatives and futures market. This sector has been overheated during November as traders expected BTC to quickly push beyond $70,000. Related Reading | Whales Fill Up On Bitcoin While Broader Market Panics Funding rates across exchanges, even as Bitcoin continued to retest critical support and saw an increase in selling pressure, was high. In addition, data shared by pseudonym analyst Byzantine General suggested that the total Open Interest across the market barely moved with the recent downside price action suggesting there is still some leverage to be purged from the market. Still barely flinched lmao. And the market is now relatively speaking more leveraged up. pic.twitter.com/1AVPh9oOR5 — ₿yzantinΞ General (@ByzGeneral) November 26, 2021 As of press time, funding rates across exchanges are finally beginning to flip negative but remain positive in two major exchanges: Bybit and Binance, the latter has turned more neutral in the past hour. Still, some more pain could come as BTC head into the weekend.

Stablecoins are destined to grow, experts suggest, but are regulations the only way for the market to reach its full potential?

Bitcoin has recorded multiple dips in recent weeks that have pushed its price below $60,000. The slump came as a result of sell-offs from investors who believe that the asset has reached its peak. Panic had spread like wildfire, triggering even more sell-offs but not everyone gave in. Whales have always been known to gobble up the bitcoins that small-time investors unload during periods of panic and this time has proven to be no different. While the broader market panic sold their holdings, bitcoin whales took advantage of the opportunity to pad up their holdings, snapping up billions in the digital asset during the dip. Related Reading | Reddit User Calls Out KuCoin Over ≈$50,000 Stuck On Exchange Whales Load Up On Bitcoin Data analytics firm Santiment recently published a report showing whale activity during the recent dip. In the report, the firm notes that while the sell-off was taking place, whales had significantly increased their holdings. These whale wallets containing 100 to 10,000 BTC took full advantage of the panic in the market and picked up about 59,000 BTC last week. 🐳 If you've been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it's happening once again. In the past week, a total 59k $BTC has been added to addresses that hold between 100 to 10k $BTC. This is 0.29% of the total supply. https://t.co/xbZms4GtKm pic.twitter.com/eeRrnrISRM — Santiment (@santimentfeed) November 25, 2021 BTC slumps to $54K | Source: BTCUSD on TradingView.com This figure shows that in one week alone, these whale wallets have accumulated about $3.3 billion worth of bitcoin, which amounts to an additional 0.29% of the circulating supply now controlled by the whales. It would seem with every downward correction, small-time investors lose even more hold on the market as whales remain at the ready to mop up the coins that investors dump in their panic. Crypto Market Dives Into Fear The panic that gripped the market after bitcoin began its downtrend was evident in the Fear & Greed Index. The index had remained in greed territory for the better part of last month but that change recently after the first signs of a market correction. Market sentiment had dropped so far into negative that in the space of a week, the index was back into neutral territory and then fear not too long after. Related Reading | Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years The Fear & Greed Index score continued to drop, hitting a new two-month low after dropping to 32 on Thursday. This puts the market in full panic mode leading to more sell-offs in the market. However, whales have taken full advantage of this for their benefit. Whales accumulating bitcoin has however always spelled good news for the market. Cumulatively, these high-volume addresses hold enough to have a certain sway over the market. Thus, as long as they refuse to sell and instead purchase more of the asset to increase their holdings, then the fewer coins are on exchanges to lead to a continued downtrend. Featured image from Bitcoin News, chart from TradingView.com

Ethereum submitted by /u/Infinite_Ad_7592 [link] [comments]