Forwarded from CryptoRank News
DeFi Token Balancer Price Surges Over 300% on First Trading Day
BAL, the governance token of Ethereum-based automated market maker exchange protocol Balancer, is live on Ethereum mainnet.
Soon after the deployment, the price has jumped from $6.65 to $22.28. As of now, BAL is trading at $20.
Balancer allows users to create liquidity pools where any number of predetermined Ethereum (ERC20) tokens can be deposited in fixed ratios to one another. When the prices change for tokens in a pool, allocations are rebalanced to the set ratios by allowing traders access to overweight tokens as liquidity.
BAL, the governance token of Ethereum-based automated market maker exchange protocol Balancer, is live on Ethereum mainnet.
Soon after the deployment, the price has jumped from $6.65 to $22.28. As of now, BAL is trading at $20.
Balancer allows users to create liquidity pools where any number of predetermined Ethereum (ERC20) tokens can be deposited in fixed ratios to one another. When the prices change for tokens in a pool, allocations are rebalanced to the set ratios by allowing traders access to overweight tokens as liquidity.
Forwarded from CryptoVigilante
Excellent criticism of Crypto.com
https://www.reddit.com/r/ethfinance/comments/hf2btu/be_very_wary_of_cryptocom/
https://www.reddit.com/r/ethfinance/comments/hf2btu/be_very_wary_of_cryptocom/
reddit
Be very wary of Crypto.com
Leaving this here for future reference, since I was banned after making a single post to the [Crypto.com](https://Crypto.com) sub-reddit. Not...
Forwarded from CryptoRank News
📈Market Overview
Bitcoin is down more than 4.5% and it broke the key $9,500 level.
The price of BTC dropped below $9,000 from $9,660 within 21 hours. It is currently consolidating losses and trading in a range above $9,100.
The next major support is seen near the $9,000 level, below which the bears are likely to aim a test of the $8,800 support zone. Any further losses might call for a push towards $8,500.
Market capitalization: $273.55B (-4.69%)
The BTC dominance: 61.83% (0%)
Fear & Gread Index: 43 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Request Network (REQ) +29,27%
Quant (QNT) +21,14%
THORChain (RUNE) +11,94%
👉 Top Losers
Nimiq (NIM) -15,15%
Raiden (RDN) -14,03%
Storj (STORJ) -12,23%
BTC Futures
Aggregated Volume — $17.59B
Aggregated Open Interest — $3.36B
👉 Derivatives Market Analytics
Bitcoin is down more than 4.5% and it broke the key $9,500 level.
The price of BTC dropped below $9,000 from $9,660 within 21 hours. It is currently consolidating losses and trading in a range above $9,100.
The next major support is seen near the $9,000 level, below which the bears are likely to aim a test of the $8,800 support zone. Any further losses might call for a push towards $8,500.
Market capitalization: $273.55B (-4.69%)
The BTC dominance: 61.83% (0%)
Fear & Gread Index: 43 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Request Network (REQ) +29,27%
Quant (QNT) +21,14%
THORChain (RUNE) +11,94%
👉 Top Losers
Nimiq (NIM) -15,15%
Raiden (RDN) -14,03%
Storj (STORJ) -12,23%
BTC Futures
Aggregated Volume — $17.59B
Aggregated Open Interest — $3.36B
👉 Derivatives Market Analytics
Forwarded from CryptoRank News
The Latest Breaking News 📣
#1 Australians Can Now Pay for Bitcoin at the Post Office — link
#2 $188 Million in ETH Tied to PlusToken Ponzi Moves for First Time Since December — link
#3 Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC — link
#4 Circle's USDC Ends Its Monogamous Relationship with Ethereum — link
#5 New York’s Financial Regulator Just Made Life Easier for Crypto Firms — link
#6 Venezuela Tests Bitcoin Payments for Some Passports — link
#7 Shares in Grayscale’s Ether Trust Plummet 50% — and It’s Still Expensive — link
#8 Singapore Begins Crackdown on Unlicensed Bitcoin Sellers — link
👉https://cryptorank.io/news
#1 Australians Can Now Pay for Bitcoin at the Post Office — link
#2 $188 Million in ETH Tied to PlusToken Ponzi Moves for First Time Since December — link
#3 Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC — link
#4 Circle's USDC Ends Its Monogamous Relationship with Ethereum — link
#5 New York’s Financial Regulator Just Made Life Easier for Crypto Firms — link
#6 Venezuela Tests Bitcoin Payments for Some Passports — link
#7 Shares in Grayscale’s Ether Trust Plummet 50% — and It’s Still Expensive — link
#8 Singapore Begins Crackdown on Unlicensed Bitcoin Sellers — link
👉https://cryptorank.io/news
Forwarded from CryptoRank News
Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering — link
The settlement apparently takes into consideration Telegram’s commitment to terminate TON’s development and pay back investors
The settlement apparently takes into consideration Telegram’s commitment to terminate TON’s development and pay back investors
Forwarded from CryptoRank News
📈Market Overview
Bitcoin started an upside correction after testing $9,000 and it is now facing a strong resistance near the $9,300 level.
There is also a major contracting triangle forming with resistance near $9,330 on the hourly chart. The triangle resistance is close to the 50% Fib retracement level of the downward move from $9,660 to $8,991.
If BTC breaks the $9,300- $9,330 resistance zone, it could test the next resistance at $9,400.
Market capitalization: $273.98B (+0.1%)
The BTC dominance: 61.93% (+0.2%)
Fear & Gread Index: 40 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
DEAPcoin (DEP) +34,68%
Time New Bank (TNB) +26,30%
Unibright (UBT) +16,90%
👉 Top Losers
GoChain (GO) -18,70%
TrustVerse (TRV) -10,81%
Balancer (BAL) -9,41%
BTC Futures
Aggregated Volume — $9.44B
Aggregated Open Interest — $3.23B
👉 Derivatives Market Analytics
Bitcoin started an upside correction after testing $9,000 and it is now facing a strong resistance near the $9,300 level.
There is also a major contracting triangle forming with resistance near $9,330 on the hourly chart. The triangle resistance is close to the 50% Fib retracement level of the downward move from $9,660 to $8,991.
If BTC breaks the $9,300- $9,330 resistance zone, it could test the next resistance at $9,400.
Market capitalization: $273.98B (+0.1%)
The BTC dominance: 61.93% (+0.2%)
Fear & Gread Index: 40 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
DEAPcoin (DEP) +34,68%
Time New Bank (TNB) +26,30%
Unibright (UBT) +16,90%
👉 Top Losers
GoChain (GO) -18,70%
TrustVerse (TRV) -10,81%
Balancer (BAL) -9,41%
BTC Futures
Aggregated Volume — $9.44B
Aggregated Open Interest — $3.23B
👉 Derivatives Market Analytics
Forwarded from CryptoRank News
Overview of DeFi Tokens Holders: Compound vs Balancer
Despite the recent launch of BAL it has already around 40% of COMP holders: 2495 vs 6397.
The situation with the share of tokens which is owned by Top-100 addresses is almost identical: COMP - 99.87%, BAL - 98.60%.
Regarding the number of addresses which together hold 99.9% of total supply BAL with its ≈ 300 addresses looks more decentralized than COMP with its ≈ 100 addresses.
Check more holders data on CryptoRank:
COMP 👉 https://cryptorank.io/currencies/compound/holders
BAL 👉 https://cryptorank.io/currencies/balancer/holders
Despite the recent launch of BAL it has already around 40% of COMP holders: 2495 vs 6397.
The situation with the share of tokens which is owned by Top-100 addresses is almost identical: COMP - 99.87%, BAL - 98.60%.
Regarding the number of addresses which together hold 99.9% of total supply BAL with its ≈ 300 addresses looks more decentralized than COMP with its ≈ 100 addresses.
Check more holders data on CryptoRank:
COMP 👉 https://cryptorank.io/currencies/compound/holders
BAL 👉 https://cryptorank.io/currencies/balancer/holders
Forwarded from CryptoVigilante
💳 Crypto.com requested to stop all activity on card programs in the UK and Europe for customers in those two regions.
https://blog.crypto.com/our-statement-regarding-wirecard-uk
https://blog.crypto.com/our-statement-regarding-wirecard-uk
Crypto.com | Official Blog
Our statement regarding MCO Visa Cards issued by Wirecard UK for Europe
Following a notice regarding Wirecard UK by the FCA, we have just been requested to stop all activity on our card programs in the UK and Europe. Our customers in those two regions will not be able to top-up their cards or transact later today. Our customer…
Forwarded from OhHeyMatty Official Crypto Announcement Channel
Important upcoming dates for the US Economy related to Covid and financial assistance.
Forwarded from CryptoRank News
Forwarded from CryptoRank News
The Latest Breaking News 📣
#1 Kyber's KNC Joins List of Collateral Assets on DeFi Protocol Maker — link
#2 World’s Biggest Mining Firm Makes First Ore Trade on a Blockchain — link
#3 Russia's Blockchain-Based E-Vote System Suffers Node Attack — link
#4 Bitcoin Could be Stolen in Lightning Network Attack, Warn Researchers — link
#5 Wirecard is Allowed to Resume Issuing E-money and Providing Payment Services — link
#6 Binance is Finalizing a Deal to Buy Majority Stake in Swipe, Setting Stage for Payments Card Launch — link
👉https://cryptorank.io/news
#1 Kyber's KNC Joins List of Collateral Assets on DeFi Protocol Maker — link
#2 World’s Biggest Mining Firm Makes First Ore Trade on a Blockchain — link
#3 Russia's Blockchain-Based E-Vote System Suffers Node Attack — link
#4 Bitcoin Could be Stolen in Lightning Network Attack, Warn Researchers — link
#5 Wirecard is Allowed to Resume Issuing E-money and Providing Payment Services — link
#6 Binance is Finalizing a Deal to Buy Majority Stake in Swipe, Setting Stage for Payments Card Launch — link
👉https://cryptorank.io/news