🌉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

➡️Cryptocurrencies were broadly higher on Thursday even as the US Securities and Exchange Commission (SEC) urged the need for more regulation in the industry and cracked down on a now defunct crypto trading platform.

SEC chairman Gary Gensler asked cryptocurrency trading platforms to cooperate with regulators, warning that failure to do so could end up hurting them.

https://uk.finance.yahoo.com/news/bitcoin-price-surges-even-as-sec-says-crypto-platforms-need-regulation-090013414.html

📊The outflow of BTC from exchanges continues. Over the past 2 days, the net outflow amounted to 9,300 BTC. Coinbase alone dropped 5,500 BTC last night.

Announcing the Braintrust (BTRST) Token Sale on CoinList

https://blog.coinlist.co/announcing-the-braintrust-token-sale-on-coinlist/

Twitter to allow users to add BTC and ETH addresses to profiles

‘’#Twitter is working to allow you to add your #Bitcoin and #Ethereum address to your profile to receive tips via the Tip Jar feature ‘’

More details can be found here

📈🔥Pump is coming..

https://whale-alert.io/transaction/tron/f989caef1852d7ab9e0154c783784eaf20d0e186a45990ec406b134f4258c3b6

🔥China's central bank: the crackdown on virtual currency transactions has basically been completed and has been transferred to normalized supervision.

https://mobile.twitter.com/WuBlockchain/status/1433734328186335234

✅The VEGA Token Listing & LP Incentives

Starting on 3rd September at 17:00 UTC, VEGA tokens will be available to trade on CoinList Pro, following on from the VEGA Token Sale hosted by CoinList in June this year, which added more than 21,500 new token holders to the Vega community. We will update this post with additional centralised exchanges as they announce listings.

https://blog.vega.xyz/unlocking-vega-coinlist-pro-uniswap-sushiswap-b1414750e358

Twitter to allow users to add BTC and ETH addresses to profiles

‘’#Twitter is working to allow you to add your #Bitcoin and #Ethereum address to your profile to receive tips via the Tip Jar feature ‘’

More details can be found here

🔥ETH - 4000$

DAO Transparency Campaign: Transparent and publicly verifiable SHO lottery system

Luck is random but not always fair.
While the winners will continue to be randomly selected, the Priority System ensures that users that never won a SHO will have a higher chance of randomly being selected. All users will be given a new variable called priority. Every Time a user registers for any SHO and loses his priority is increased by factor 1.

The priority system does not affect the likelihood of winning allocation by staking in higher DAO Tranches. It merely ensures that users in the same tranche win more fairly and evenly.

More details can be found here

➡️Greg Foss, executive director of strategic initiatives at Validus Power Corp, sat down with Blockworks at the Bretton Woods: The Realignment conference to discuss why a $2 million price target for bitcoin might not be as far off as many think.

“Total global financial assets in the world total $900 trillion in US dollars,” said Foss. “I believe that bitcoin is going to be used to price energy, and if that happens, I bring up the idea that it could be considered a global reserve asset.”

If bitcoin replaces the dollar in the petrodollar system, Foss said, it does not seem unlikely that bitcoin could eventually capture 5% of $900 trillion dollars.

“I don’t think it’s crazy at all,” he said.

https://cryptonews.net/1678099/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared