Crypto Morning News - May 14th, 2021
Dogecoin's expansion ecosystem XDOGE.SPACE will be on sale tonight with a total of 1%
The original intention of XDOGE.SPACE was to try to expand the application of the completely decentralized DogeCoin, to guide and rebuild its ecological development to a certain extent. XDOGE.SPACE is built on the Binance Smart Chain, XDOGE is its Token, of which 1% is publicly sold, and the remaining 99% is funded by the founding team. According to DogeCoin: XDOGE = 1:100000, join the liquidity pool without any reservation.
The sale will be carried out at 19:00 on the Initial Park Offering section of the BunnyPark DeFi+NFT platform on the BSC chain.
APENFT (NFT) based on ERC20/TRC20 is coming to Huobi Prime soon
According to official sources, APENFT (NFT) will land on Huobi Prime at 20:00 on May 20, 2021, Singapore time. It is reported that this time Huobi Prime adopts the trading method of trading users in the HT trading area of Huobi Global. Please refer to the link for participation qualification details: https://www.huobi.me/support/zh-cn/detail/84875035586661. It is reported that the APENFT Foundation is supported by the world-renowned public chain Ethereum and the underlying technology of TRON. Combined with the world's largest distributed data storage system BitTorrent, a foundation dedicated to NFT and blockchainization of the world's top artworks has been developed. The APENFT Foundation was officially registered and established in Singapore on March 29, 2021. NFT, as the only token officially issued by the APENFT Foundation, is a decentralized digital asset developed based on the ERC-20/TRC-20 protocol, and it is also a proof of rights and interests of the APENFT Foundation; NFT holders will have voting, profit sharing, Participation and other rights. The total amount of NFT issued is a constant amount of 999,990,000,000,000 pieces.
PancakeSwap attracted 1.7 million active users
According to Dapp data tracker DappRadar Twiiter, PancakeSwap has attracted 1.7 million active users. In the past 7 days, the number of active wallets interacting with dapps smart contracts has grown exponentially, reaching 1.79 million.
Crypto exchange CoinZoom joins Visa Fintech Fast Track Program
US cryptocurrency exchange CoinZoom announced that it has joined Visa's Fintech Fast Track program to speed up the integration process with Visa and make it easier for CoinZoom to take advantage of the coverage, functionality and security provided by Visa's global payment network.
Vitalik sells over $40 million in meme tokens
Blocklytics founder Chris Piatt said that of the massive sale of meme tokens by Ethereum founder Vitalik Buterin yesterday, more than $40 million were sold through Archer Swap. At first, Vitalik Buterin hoped to exchange meme tokens for ETH through Uniswap. However, the transaction failed due to the runaway and cost a lot of ETH. Later, Vitalik switched to Archer Swap for trading.
It is reported that Archer Swap can rely on Uniswap and Sushiswap liquidity without publicly broadcasting transactions to mempool. The Ethereum miner extractable value (MEV) arbitrage product Archer developed by an anonymous team was launched three weeks ago.
BTC's average computing power rises to 181.04 EH/s, a record high
According to OKlink data, as of May 13, BTC's average computing power rose to 181.04 EH/s, setting a new record high again.
BitMEX plans to launch new business
BitMEX announced that it will expand its business scope and will launch multiple businesses such as Spot, Brokerage, Custody, Information Products, and Academy, in order to provide investors with a wider range of services.
Celcius CEO: The crypto industry does not need friends like Musk
According to Cointelegraph, Celcius Network CEO Alex Mashinsky said that the crypto industry does not need friends like Musk. In an interview with Yahoo Finance, he said: “Bitcoin is up 20,000,000% in the last decade, the best performing asset class over the last decade, and the industry is going to do just fine without Elon.” He pointed out , Tesla made a profit of $300 million by selling some bitcoins, which greatly improved its profit in the first quarter. Alex Mashinsky said: "So obviously, they use Bitcoin to deliver a very important quarter for them,” he said. “So you can’t have it both ways. You can’t say Bitcoin’s not good for me. So Bitcoin doesn’t need Tesla.”
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Binance responds to the investigation: we will cooperate with the supervision and law enforcement agencies to investigate
According to Bloomberg News, the US Department of Justice and the Internal Revenue Service are investigating the crypto exchange Binance, which involves money laundering and (illegal) tax avoidance issues, but Binance has not yet faced any charges or fines. Binance CEO CZ said: Strictly abide by US rules, prevent Americans from accessing its website, and use advanced technology to analyze signs of money laundering and other illegal activities in transactions. In response to this report, Binance officially tweeted in response, “We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion. We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity. We have a strong track record of assisting law enforcement agencies around the world, including in the United States."
Earlier in March, according to Bloomberg citing people familiar with the matter, the US Commodity Futures Trading Commission (CFTC) investigated whether the digital currency trading platform Binance allows Americans to purchase derivatives. Unless the company that provides such products is registered with the CFTC, American residents are not allowed Purchase such products. Binance stated that it takes the issue of complying with the rules very seriously and has not been accused of any wrongdoing.
Swiss state-owned bank Postfinance launches Yuh, an app that supports 13 cryptocurrencies
According to News.Bitcoin, Postfinance, a banking subsidiary of the Swiss National Post Office, has launched a mobile application Yuh, which provides customers with access to 13 cryptocurrencies such as BTC and ETFs. The software allows users to make payments, save money or invest in various assets, and promises to provide a certain degree of security only by leading domestic online banks. Yuh is a cooperative product between Postfinance and the online trading platform Swissquote.
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One of Europe's largest music festivals announces acceptance of Bitcoin for tickets
One of Europe's largest music festivals, Exit Music Festival has begun accepting Bitcoin payments. Simply select the "Pay with Bitcoin" option on the Exit website and scan the QR code to proceed with the transaction.
Coinbase's first quarter net profit reached $771.5 million
CoinDesk reported that Coinbase, as a listed company, released its first quarterly earnings report, which is basically the same as the initial announcement made at the beginning of last month. Among them, the net profit was $771.5 million, which was previously estimated to be $730 million to $800 million. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was $1.12 billion, with a preliminary estimate of $1.1 billion. Revenue was $1.8 billion, of which transaction revenue was $1.54 billion. Transaction revenue from institutions increased from $10 million in the first quarter of 2020 to $85 million in the first quarter of 2021. In addition, Coinbase has increased its annual MTU (Monthly Transaction User) forecast range from the previous 4 million to 7 million to the range of 5.5 million to 9 million.
Weiss rating: BTC does not need Musk to promote
On May 13, Weiss Ratings tweeted: $BTC doesn't need Tesla, or Elon, or any other tech CEO to promote it. #Bitcoin is the decentralized, trustless, global value network that ushered in the #crypto revolution. This revolution will forever change our economic, financial, and political landscapes in ways even tech CEOs are having a hard time grappling with.
Nearly 25,000 BTC were transferred from centralized exchanges in one day
U.Today reported that according to the information released by IntoTheBlock analysts on Twitter, on May 12th, local time in the United States, centralized exchanges around the world witnessed a large outflow of Bitcoin funds. After Elon Musk announced that Tesla had suspended BTC payments due to environmental issues, the Bitcoin and cryptocurrency markets were generally hit. In total, users transferred 24,840 bitcoins from the main trading platform, which was the largest withdrawal peak since the end of 2019.
MARKET DATA - TOP 10 [ from CoinMarketCap ]
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