Gimme The Coin

2021-02-21 21:00:23 This Telegrams channel is very useful

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2021-02-21 20:00:47 Is Binance Coin (BNB) the New Ethereum (ETH)? Why BNB Surged Fast At 3rd Position?

Looks like Binance Coin (BNB) is all set to eat into the market share of Ethereum (ETH)! Binance coin (BNB), the native cryptocurrency of the Binance Smart Chain has entered an indomitable price rally over the last few days. Today, the BNB price surge another 50% flipping Tether (USDT) as the third-largest cryptocurrency by market cap.

The Binance Coin (BNB) Price has shot another 50% today hitting its all-time high above $250 with its market cap now at over $40 billion. However, let’s take a look into what’s driving the mania behind the solid bull run of Binance Coin (BNB).

As we know that with the DeFi craze at its peak, the demand for decentralized exchanges (DExs) like UniSwap has been going high.
However, as the Ethereum blockchain continues to dominate the DeFi space, it is unable to cater to the mad rush in DeFi. The result is ETH gas fee has shot to the roof over the last few weeks.
Since the beginning of February 2021, the ETH average transaction fee has continuously stayed above $20, as per BitInfo Charts. While it has been an ideal scenario for the ETH miners who have been minting huge money, it is definitely putting some big weight on the wallets of DeFi investors.

Interestingly, investors are now looking for alternatives to other Ethereum competitors. Thus, Ethereum’s loss has ultimately translated to some huge gains for the Binance Smart Chain (BSC).

PancakeSwap Overtakes UniSwap As The Biggest DEX By Trading Volume
Well, some popular Ethereum-based DEXs like UniSwap are facing the brunt of the rising gas fee. The result is BSC-based DEXs like PancakeSwap has overtaken UnisSwap in terms of the daily trading volume.


Read More Open / Comment

2021-02-21 17:00:34 OKEx wallet integrates Unstoppable Domains to improve UX and enable faster payments

OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the wallet integration of leading blockchain domain provider Unstoppable Domains. As of now, rather than having to share a lengthy combination of letters and numbers to receive payment to their OKEx wallet, users can simply provide a domain name, like jon.crypto or ema.zil.

Another key benefit of this integration is that users can receive any cryptocurrency supported by both OKEx wallet and Unstoppable Domains to the same domain — rather than having to provide separate 40-character addresses for payment in different currencies. This greatly simplifies the user experience and makes sending and receiving payments faster and easier.

Blockchain domains are also censorship-resistant. Unlike regular domains on the existing internet that can be taken offline, it is impossible to deplatform on the decentralized web. No one can access or take down a domain other than its owner. As a San Francisco-based company backed by Draper Associates and Boost VC, Unstoppable Domains is on a mission to "set the internet free," and has received grants from both the Ethereum and Zilliqa Foundations.

"The integration of OKEx's wallet with Unstoppable Domains highlights our commitment to simplifying the user experience and helping onboard more people to crypto. It also demonstrates OKEx's continued support for the furtherment of the decentralized web. Along with additional upgrades to the exchange, such as real-time settlement for all futures and perpetual swaps, we're making key strides in improving the trading experience for all," commented OKEx CEO Jay Hao.

As a pioneer in Web 3.0, Unstoppable Domains has already launched thousands of websites in the decentralized web, registering more than 250,000 domains to date. The integration with OKEx wallet will help to set a new standard for crypto wallets and drive blockchain domains into the crypto mainstream.

For a step-by-step guide on how to use Unstoppable Domains, please visit this tutorial https://www.okex.com/academy/en/how-to-withdraw-btc-eth-and-more-using-unstoppable-domains-on-okex

Sign up here: https://www.okex.com/account/login?channelId=ACE503695
Receive $10 in free BTC when you complete your first crypto purchase of $100 or more! Open / Comment

2021-02-21 16:00:25 ​​Microstrategy Is Not For Microsoft and 20 Crypto Jokes

As bitcoin (BTC) soared over USD 50,000 this week, American politicians engaged in a high-stakes crypto pledge wars, while MicroStrategy raised over USD 1bn for its bitcoin purchases. The world’s largest asset manager, BlackRock, started “to dabble a bit’’ in bitcoin, even though Microsoft said it has no plan to follow in Tesla’s footsteps.

Amongst those who do have a bitcoin strategy was an unlikely duo of German Deutsche Bank and cannabis company SynBiotic, and PwC researchers found that the move also interests several Mexican companies. Lottery Giant 500.com acquired Bitcoin miner BTC.com, while more Chinese non-crypto firms entered Bitcoin and Ethereum mining. Despite the impressive run past USD 51,000, many overexuberant traders got burned as well, as USD 1.9 worth of crypto was liquidated in a day.

Last but not least, Elon Musk once again made headlines concerning Dogecoin ownership and whales, one of which is suspected to be Robinhood trading platform. Already defunct New Zealand cryptocurrency exchange Cryptopia got hacked once again, while Verge (XVG) cryptocurrency suffered yet another attack. Finally, Cardano’s Charles Hoskinson doubled-down on his criticisms of Ethereum, stating that concepts like ‘’the network effect’’ do not exist.

It’s only natural that such a fruitful week has left us with yet another sweet collection of crypto memes. Open / Comment

2021-02-19 16:00:18 ​​Crypto Traders Might Find Familiar Playbook In GameStop Hearing Today

The GameStop (GME) saga is set to take another twist as a trader prepares to tell the American House of Representatives that social media has allowed retail traders to leveling the playing field with their bitter Wall Street rivals, a strategy that is also coming good for thousands of crypto investors in the locked-down world of the coronavirus pandemic.

In a virtual hearing of the House’s Financial Committee entitled Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, a number of the saga’s key players will make their voices heard, including Reddit’s CEO and co-founder Steve Huffman and the under-fire Robinhood CEO Vlad Tenev, whose firm is also suspected of hoarding a 28% share in the runaway dogecoin (DOGE) token.

Social media-related activities have also seen the prices of tokens like the meme-themed DOGE token skyrocket, as some investors attempt to turn the tides of volatility in their favor.

Wall Street managers have accused r/WallStreetBets, a Reddit community, or "subreddit," and others of what amounts to “market manipulation.”

Meltem Demirors, Chief Strategy Officer at CoinShares, appeared set to grab the popcorn in anticipation of the hearing, calling the testimony “truly, a fine work of performance art,” and tweeting,

“Tomorrow’s hearing is going to be a circus and I, for one, am going to be glued to my screen.”

So much of a circus, in fact, that it may end up becoming a scene in the forthcoming WallStreetBets-themed movie.

Indeed, prepared statements show little in the way of remorse, indicating that many of the key players are unbent going into the hearing – and still have Wall Street locked in their crosshairs.

Instigator-in-chief Roaring Kitty (real name Keith Gill) is also set to testify and in prepared testimony, he spoke out in defense of the trade, stating that the committee would be better off investigating Wall Street’s “potentially manipulative shorting practices.”

He also defended his own bullish and outspoken social media activities, claiming,

“The idea that I used social media to promote GameStop stock to unwitting investors is preposterous. Hedge funds and other Wall Street firms have teams of analysts working together to compile research and critique investment ideas, while individual investors have not had that advantage.”

Gill added,

“Social media platforms like YouTube, Twitter and WallStreetBets on Reddit are leveling the playing field. And in a year of quarantines and COVID, engaging with other investors on social media was a safe way to socialize. We had fun.”

Sounds similar to what hoards of crypto traders are doing every day, or more or less 24/7.

Huffman, meanwhile, jumped to his social media platform’s defense in his own testimony – and that of its users. The WallStreetBets subreddit has been one of the most active communities on Reddit for months, and was the epicenter of the unprecedented pump on GameStop shares – a move that shook Wall Street to the core.

The Reddit supremo opined that “it is important to protect online communities like WallStreetBets.”

He added,

“WallStreetBets may look sophomoric or chaotic from the outside, but the fact that we are here today means they’ve managed to raise important issues about fairness and opportunity in our financial system. I’m proud they used Reddit to do so.”

The subreddit has now over 9.1m members. It had less than 3m members at the end of January.

And other witnesses have already had their two cents on the matter prior to the hearing – which commences at midday in Washington DC (17:00 UTC). Open / Comment

2021-02-15 16:00:24 ​​India’s Crypto Community Fights Back As Ban Bill Turns Into Tiresome Soap Opera

Crypto enthusiasts in India have run out of patience with unsourced reports of the government’s alleged forthcoming crypto crackdown – and have challenged New Dehli to come clean with its intentions.

On Twitter, Indian crypto community members say that they are tired of the government allegedly leaking info to reporters about crypto “bans” – and want a high-level official to make the government’s stance on the matter clear at the earliest possible opportunity.

Speculation about a possible crackdown has been almost relentless in India for years now and has reemerged in recent weeks.

One exasperated observer wrote,

“I’m honestly getting tired of every news platform using ‘sources.’ Please, government, if you want to do something, just do it!”

However, if unsourced reports are true, the government is edging ever closer to doing just that.

Per India-based media outlet Bloomberg Quint, an unnamed "senior Finance Ministry official said on condition of anonymity” that a bill enforcing “a ban on transacting directly via foreign exchanges” was heading for parliament, and would seek to enforce a “complete ban on investment in cryptocurrencies.”

The proposals would allow crypto holders a transition period to “exit their holdings,” before closing the door on “all forms” of crypto usage – and come after weeks of speculation that New Delhi was planning a move of this sort.

But while no official statement has yet been made on the matter, the nation’s crypto community does not appear keen to sit idly by and allow the government to enact a China-style shutdown without a fight.

Nischal Shetty, the founder and CEO of Indian crypto outfit WazirX, owned by crypto giant Binance, is one of the many India-based critics of the bill, and has been one of those seeking to re-popularize the #IndiaWantsCrypto hashtag, first rolled out in 2018 in opposition to the central bank’s attempted crackdown on bitcoin (BTC) and altcoins.

That was a battle that the community, ultimately, won.

Shetty urged crypto advocates to write to their MPs to make their opposition to the bill known.

He wrote,

“Competitors of India will be secretly hoping India bans crypto. India is a strong competitor in the field of software. Banning crypto gives others an edge over the Indian software sector. I’m sure no elected MP would want India to lose its innovative edge.”

Many replied that they had taken up his call to contact their local political representatives – the hope of driving up resistance to the bill in parliament.

And Balaji Srinivasan, an angel investor and entrepreneur, the former Chief Technology Officer of crypto exchange Coinbase and General Partner at Andreessen Horowitz, hit out at the government, tagging Indian Prime Minister Narendra Modi in a post urging a policy u-turn.

He wrote,

“India should support crypto as a pillar of its foreign & domestic policy. It defends national security by preventing deplatforming, deters fraud via on-chain accounting and offers a decentralized alternative to a new Cold War.” Open / Comment

2021-02-14 12:00:20 ​​ Nobody has done this before, but they did it. Binaryx digital asset exchange tokenized Valentine card (SVDT-token).

Oh, YES! In honor of St. Valentine’s Day, Binaryx platform gives each registered 100 SVDT-token, which you have a chance to travel to Dubai.

Fly on the wings of love for us to find out all the terms and conditions for using the SVDT-token. Open / Comment

2021-02-13 16:00:43 ​​3 Reasons Why Bitcoin Hit New All-Time High

Bitcoin, the number one cryptocurrency, hit another all-time high of $48,481 at 1:21 p.m. UTC on the Bitstamp exchange.

After dipping to the $43,700 level, the cryptocurrency continued its record-shattering rally that was turbocharged by the big Tesla news at the beginning of the week.

Coinbase premium

Coinbase Pro's Bitcoin premium went through the roof, reaching as high as $500 earlier today as noted by analyst Lex Moskovski. This is believed to be a bullish indicator since it shows buying pressure from whales on America's largest exchange.

MasterCard's pivot to crypto

MasterCard, the second-largest payment network in the world, recently announced that it would start accepting cryptocurrencies:

We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work.

BNY Melon unveils its Bitcoin plans

If this week were not big enough for Bitcoin, the Bank of New York Mellon, a major Wall Street player, has just made its Bitcoin plans public.

The shares of both BNY Mellon and Mastercard are now up more than two percent after adopting Bitcoin. Open / Comment

2021-02-11 16:00:18 ​​Elon Musk Rages at Wallet, May Land in Hot Water from Regulators

Twitter, Elon Musk and crypto – hardly a minute seems to go by without a combination of the three dominating the headlines. And it looks like the Tesla supremo has been busy behind his keyboard again for a new spate of crypto-themed tweets at the time when American regulators could come after Musk for his Twitter activity.

He is now taking aim at the crypto wallet service Freewallet and sharing Chuck Norris-themed memes – while regulators reportedly consider moving against him following Tesla’s recent bitcoin (BTC)-related activities.

After Freewallet’s Twitter account quote-tweeted a dogecoin (DOGE)-themed post, Musk replied by writing “your app sucks” and adding the barb,

“Any crypto wallet that won’t give you your private keys should be avoided at all costs.”

The wallet’s PR team spun into overdrive, writing the following statement:

“Hi Elon, the app is online. Integrations to buy, exchange and merchant tools are working, support is available 24/7. It's nice you tried us out of all crypto services. Anything we can help you with, let us know.”

However, as the adage goes, play with fire and you’ll get burned. Musk duly responded with a call for the wallet operator to “please unlock my account,” sparking a torrent of wallet-themed replies, many of which were targeted at the wallet provider.

Outspoken developer and self-proclaimed “blockchain skeptic” Udi Wertheimer waded into the increasingly messy affair, tweeting: “I can’t.”

The world’s richest man paused his sideswiping at Freewallet to share a (yes, you guessed it) crypto-themed meme about the most notorious crypto exchange of all.

Meanwhile, The Daily Telegraph (via The Age) claims that American regulators could come after Musk for his Twitter activity – which has hogged the headlines in both the crypto and mainstream media all year.

The newspaper quoted experts who concluded that Musk was “likely to be quizzed” by the American Securities and Exchange Commission (SEC) over “whether Tesla already owned bitcoin when his intervention on social media sent prices surging.”

The media outlet quoted Doug Davison, a former branch chief at the SEC, as stating,

“It would not be surprising – given the focus on the chief executive’s tweets, bitcoin pricing and recent dramatic market moves – for the SEC to ask questions about the facts and circumstances here.”

The European Central Bank’s Vitor Constâncio claimed that “it was not disclosed when Tesla had made this investment” – a suggestion perhaps that some feel Musk may have sought to drive prices up for his company’s own benefit.

Meanwhile, a bogus Tesla insider who “unveiled” the company’s plans to accept bitcoin on Reddit days before the Musk-led firm made its big BTC reveal has come forward, claiming drugs drove him to troll the crypto community.

Per the New York Post, the poster was not a Tesla employee after all, but a 24-year-old political science student from Germany named Hendrik (surname withheld) who took the hallucinogenic narcotic LSD before taking to the net.

Hendrik stated,

“If you want to know the truth: I am a young German guy and I was on acid while I did this post in the last month. I had this afflatus that Elon is going to buy bitcoin, so I created this trollpost. And now all the newspapers around the globe are writing about it, it is kinda funny and scary to be honest.”

Hendrik added, however, that his post was inspired by real news – namely an exchange (on Twitter, where else?) between Musk and the head of the bitcoin-buying American software company MicroStrategy, Michael Saylor.

After bitcoin-related musings from Musk, Saylor offered to share his BTC purchasing “playbook” with the Tesla boss. Open / Comment

2021-02-09 16:00:49 ​​Russia Looks to ‘Tighten Control’ over Crypto Traders with New Tax Measures

Crypto industry experts in Russia have warned that government agencies are gearing up for a regulatory drive that will see it “tighten control” over crypto, enforcing tough new tax protocols and enhancing its monitoring of transactions.

Per media outlet RIA Novosti, industry sources have claimed Moscow wants to force all traders to submit annual tax declarations outlining the details of their transactions with cryptoassets.

The State Duma is poised to vote on a bill that will force individuals or companies working with “digital assets” to pay corporate income tax or personal income tax on their earnings and submit details of their transactions if these are worth over USD 8,000 over the course of a tax year.

But experts told the media outlet that the tax authorities will seek to police tax declarations using information gathered from crypto exchanges. The Central Bank, said legal experts and executives from the Garantex and Alfacash exchanges, is planning to force trading platforms to submit data on their clients’ transactions, and tax authorities will have access to these.

And the experts also added that the government plans to step up its monitoring of transactions conducted by Russian citizens and residents on overseas trading platforms.

The authorities appear confident that they already have the tools at their disposal to track crypto-to-fiat transactions using bank-submitted data, and now feel they are ready to start building networks that will help them track crypto-to-crypto trades.

Alfacash legal head and director Nikita Soshnikov stated that he foresaw a “general trend of tightening control over crypto transactions,” beginning with crackdowns on government officials with crypto holdings.

The experts added that crypto taxation policing would likely kick off in earnest in the coming financial year – with citizens and companies dealing with crypto expected to declare their earnings at the end of the FY2021 tax year (April 2022). Open / Comment