Latest Market News
Recently, Binance has decided to scale back some of its products and services in order to better comply with regulations in different parts of the globe. As stated by the exchange’s CEO Changpeng “CZ” Zhao, Binance is shifting its approach from reactive compliance to proactive compliance. In this article, we’ll be going through some of the measures that Binance is taking as it looks to be more compliant.
Bitcoin is now up by a total of 61% over the past month of trading alone as the cryptocurrency finally surges back beyond $50,000 today. The cryptocurrency had found resistance at $47,820 (bearish .618 Fib Retracement) last week, which caused the coin to fall into the support at $43,915 (.382 Fib Retracement) last Thursday.
Front-running, rug pulls, lack of interoperability etc. are a constant in the DeFi space. That's why a solution like PriFi (privacy finance) from MantaSwap is a must.
As we move through Q3, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
In an effort to accelerate the adoption of the Avalanche blockchain for DeFi, the Avalanche Foundation has introduced a new liquidity mining program that will distribute $180 million worth of AVAX to users. The new initiative is called Avalanche Rush, and the Avalanche Foundation has brought on some big players in the DeFi space – both Aave and Curve will be launching versions of their protocols on Avalanche.
Binance, the world’s largest cryptocurrency exchange, has decided to enforce mandatory Know Your Customer (KYC) requirements due to the increased regulatory pressure mounting against the exchange.
Regardless of what “serious” cryptocurrency investors might think about the project, Dogecoin is now a top 10 cryptocurrency by market capitalization, and commands a valuation north of $40 billion by this metric. With this much value now at stake, Dogecoin community members have re-established the Dogecoin Foundation with the aim of supporting the Dogecoin ecosystem and promoting the project.
The ETH2 deposit contract is now the largest holder of ETH, with about 5.87% of the ETH supply now being staked. The ETH2 deposit contract has surpassed the Wrapped Ether contract, which holds 5.76% of the ETH supply. The 6.88 million ETH that’s deposited in the ETH2 deposit contract is being used to secure the Beacon Chain, a blockchain which will coordinate shards and stakers in Ethereum 2.0.
Bluesky, a decentralized social media initiative started by Twitter, will be led by former Zcash developer Jay Graber. Graber worked on Zcash between 2016 and 2018 and later founded Happening, a social platform where users can form groups and organize events. Graber says her next step at the helm of the Bluesky project will be to hire new team members.
Dogecoin is up around 15% in the last 24 hours amid some new publicity for the popular meme cryptocurrency. The DOGE price managed to make some headway above $0.30, which was previously represented some resistance for Dogecoin bulls. Mark Cuban, a famous investor and owner of the Dallas Mavericks franchise, now also seems to be joining Elon Musk as a billionaire Dogecoin supporter.
