New Binance DeFi-Based Index & Futures Contracts Launched

New Binance DeFi-Based Index & Futures Contracts Launched

The world’s largest cryptocurrency exchange has been swift to leverage on this year’s explosive DeFi boom, providing support for new DeFi tokens on its exchange platforms. Binance’s CEO Changpeng Zhao (CZ) hinted that new DeFi-related developments at Binance were in progress in an August 11 video interview with crypto Youtube channel Boxmining and sure enough, […]

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Fidelity Digital Assets validates model that predicts Bitcoin price at $1 million

Fidelity Digital Assets validates model that predicts Bitcoin price at $1 million

Fidelity Digital Assets has reviewed and validated the stock-to-flow model that predicts Bitcoin’s price at $1,000,000. Fidelity expects Bitcoin to outperform Gold after 2024 because of the stock-to-flow ratio. Asset management firm, Fidelity Digital Assets, has recently published a report analyzing the stock-to-flow valuation model created by Plan B. The report was created as a […]

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Ethereum based YFI is worth more than Bitcoin – Messari thinks it’s cheap

Ethereum based YFI is worth more than Bitcoin – Messari thinks it’s cheap

The research company Messari claims that YFI is still one of the cheapest tokens in Ethereum’s decentralized finance sector, despite the price of $13,564. Yearn.finance is approximately returning $20 million annualized for YFI holders. Designed to be a zero value token at launch, YFI has become one of the most appreciated assets on the crypto […]

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No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

No More Cheap Electricity for Bitcoin Mining in Inner Mongolia Region

According to Chinese news media Weixin, 21 mining farms in Inner Mongolia, China, have been affected by the province’s latest directive to stop providing electricity supply subsidies for the crypto mining sector. This will inevitably raise electricity prices by one-third at minimum without “preferential pricing”, and Chinese crypto reporter Colin Wu said in a tweet […]

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Blockfolio Acquired By Crypto Derivatives Exchange FTX for $150M

Blockfolio Acquired By Crypto Derivatives Exchange FTX for $150M

Blockfolio, a cryptocurrency management platform featuring data from over 10,000 crypto assets and more than 500 exchanges globally that has over 6 million users to date, was recently acquired by cryptocurrency derivatives exchange FTX for $150 million dollars. With a platform primarily catered towards experienced traders, FTX is intending to push out a new Blockfolio-affiliated […]

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Japanese Crypto Exchange to Offer First IEO Project on Manga & Anime Distribution

Japanese Crypto Exchange to Offer First IEO Project on Manga & Anime Distribution

One of the few licensed crypto exchanges in Japan, Coincheck, is set to launch Japan’s very first Initial Exchange Offering (IEO) with Hash Palette, a blockchain platform that facilitates the distribution, management and issuance of digitized manga (comics), anime and music as non-fungible token (NFT) blockchain assets, according Coincheck’s press release.  Coincheck has been considering […]

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