The Bitcoin Network Continues to Strengthen as Hash Rate Doubles Since June

The mining sector has started recovering from the Chinese crackdown. Many miners have already migrated to other, more friendly regions like Europe and the United States to resume their operations. Thus, they reduced China’s dominance in the field and made the bitcoin network more decentralized.

So far, the hash rate has doubled since the June low. Data from Bitinfocharts shows that the computing power on the network has returned to above 130 GH/s, a 100% increase from its lowest levels of roughly 67 GH/s recorded two months ago.

https://cryptonews.net/1614925/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

😱🩸Cream finance got exploited again!
This time for 18 mln$

😐This is the 2nd time in six months!

https://etherscan.io/tx/0xa9a1b8ea288eb9ad315088f17f7c7386b9989c95b4d13c81b69d5ddad7ffe61e

More money to be in circulation 👀

https://twitter.com/whale_alert/status/1432175325992165388?s=21

This month was crazy for NFT 😳

📈Corporate brands target NFTs and adoption continues to skyrocket

Beyond the current hype, some crypto proponents say NFTs offer more than memetic appeal and can be the “killer app” for Web 3.0. If such assertions prove true, then nonfungible tokens could be a conduit for gamified investments in the emerging decentralized web, becoming the focal point of the next iteration of the internet similar to how e-commerce and social media have dominated the current cyberspace.

https://cryptonews.net/1618123/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

✅Ethereum L2 Solutions Might Be Added by Coinbase Soon

According to the official announcement by the Coinbase team shared by Mr. Sassano, American cryptocurrency heavyweight Coinbase is hiring developers to grow its Protocol Team.

This somehow flew under the radar over the last week but Coinbase is hiring people for their Protocol team in order to support more Ethereum scaling solutions

https://cryptonews.net/1619885/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Kucoin: Deposit and Withdrawal Services of Cardano (ADA) Temporarily Closed

https://www.kucoin.com/news/en-ada-deposit-and-withdrawal-temporarily-closed-0831

Whitelist Winners Announcement

Dear community🐝
We received an overwhelming response on the $POLI token sale. We are grateful for your participation and would like to thank everyone.

Read below to know if you've won a spot in our launch on Polkastarter on Tuesday, August 31st, 2021.
https://medium.com/polinate-hive/polinate-poli-polkastarter-ido-whitelist-winners-1b63df232831

#IDO #FundYourCreativity #launchpad $POLI

Keep up to date on the Hive:
Telegram Chat | Telegram ANN | Twitter | Facebook | LinkedIn | Medium |
🐝 Make sure you're only use & trust Polinate official links.

🖼Binance NFT Launches Premium NFT Collection by The State Hermitage Museum: Featuring Tokenized Artworks of Leonardo da Vinci & More

The State Hermitage Museum - one of the largest and leading museums in the world, will be launching a Premium NFT Auction Collection on the Binance NFT Marketplace from 2021-08-31 12:00 PM (UTC) to 2021-09-07 12:00 PM (UTC)!

The NFTs in this auction event were recreated from the museum’s art masterpieces, including works by Leonardo da Vinci, Vincent Van Gogh, Claude Monet and more. There are a total of 5 NFTs for auction, each with a starting bid of 10,000 BUSD

https://www.google.com/amp/s/www.binance.com/en/amp/support/announcement/2bebd933495c4fe6aac535a5b2f27bf8

🌉Cardano will launch ERC-20 Ethereum converter bridge next week

Cardano (ADA) will launch new ERC-20 converter bridge next week as company founder Charles Hoskinson targets Ethereum tokens as ripe fruit for picking.

The feature is expected to launch on September 12th as a component of the massively anticipated Alonzo Hard Fork upgrade.

The blockchain developer explained that users of Ethereum-based tokens will be to switch over to enjoy the benefits of Cardano’s transaction capacity and lower fees as soon as the new tool is deployed.

https://finance.yahoo.com/news/cardano-launch-erc-20-ethereum-110017667.html

🔥Binance Liquid Swap Adds SOL, Opens 3 New Liquidity Pools

Binance Liquid Swap has added support for SOL, and opened 3 new liquidity pools.

SOL/BNB ; SOL/BTC ; SOL/USDT

https://www.binance.com/en/support/announcement/4729078f82b54fef9a388cab95101626?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

📈‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return.

Bitcoin (BTC) and Ether (ETH) have started showing “remarkable” bullish divergences that echo the start of bullish price trends.

https://cryptonews.net/1630297/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

♻️DeFi Protocol Balancer Joins Arbitrum to Scale Liquidity and Reduce Gas Fees

Balancer Protocol’s Co-Founder and CEO, Fernando Martinelli, said:

“Arbitrum is a leading L2 solution, its distinctive features in scalability, especially compatibility with Ethereum, lead this industry to recognize that it will optimize the user experience and enhance growth. L2s show the promise of reducing Ether fees and network congestion, and we are excited Arbitrum is available to the Balancer ecosystem.”

https://cryptonews.net/1631913/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Hype around Solana (SOL) hits all-time high, data shows

Solana (SOL) hit a new high of $124 on Tuesday due to growing investor interest in the Ethereum (ETH) competitor’s platform, which also supports smart contracts needed for decentralized financial systems and non-fungible tokens (NFTs).

The token, which launched only 18 months ago, is the world’s eighth-largest cryptocurrency, with a market value of little more than $35 billion, based on CoinMarketcap.com statistics. 

More details can be found here

Immutable X has announced a partnership with Huobi Ventures.

Blockchain fund Huobi Ventures took part in a private IMX sale at a price of $ 10 per token with an unlocked for 6 months.

https://immutablex.medium.com/immutable-x-partnership-with-huobi-ventures-9a567484c0bd

Binance Smart Chain is now one year old! 🥳🎊

✅1,000,000,000 transactions
✅89,000,000 unique addresses
✅790 active projects
✅15,540,000 total BNB staked

https://twitter.com/cz_binance/status/1432314494810681347?s=21

📈🔥BTC - 50k again

🔖Changes in Fee Structure by Bitmex Exchange to Increase Crypto Trading

According to the announcement, the altered Taker Fee on BitMEX exchange is 5bps (0.05%) on all products. This has been reduced by 2.5bps from the earlier charge rate of 7.5bps (0.075%) to reduce the payment burden on customers. The Maker Rebate has also been slashed from 2.5bps (0.025%) to 1bps (0.01%) for all the contracts on the portal. The expert team has put in a lot of effort to decide the new fee structure to expand the adoption rate for different levels of users. The charges have been fixed keeping in mind the requirements of investors so that the exchange can cater to a more diversified traders’ cluster.

https://cryptonews.net/1656681/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

☝️‘Rainmaker’ Liquidity Mining Program by Kyber is started.

Starting from September 2nd, 2 million KNC tokens, worth approximately $4 Million, will be allocated as incentives as part of the Rainmaker Liquidity Mining Program. Incentives will be distributed to liquidity providers of 4 eligible pools over the course of 2 months.

Liquidity Mining Duration: 1,672,000 (ends at block 12,229,000 ~Mon, Nov 1st. 13:39:05 GMT+07)

https://blog.kyber.network/kyberdmm-launches-on-binance-smart-chain-with-4m-in-liquidity-mining-rewards-6e0dddab3c6f