Archive for the ‘Binance Smart Chain’ Category

The Future of DeFi – Analytics Insight

In recent years, decentralized finance (DeFi) has emerged as a groundbreaking paradigm. In this article, we will take a look at the future of DeFi and analyze the actions and potential of three popular choices on the crypto market: Caged Beasts (BEASTS), Bitcoin (BTC), and Binance Coin (BNB).

Caged Beasts (BEASTS) is a unique community token that distinguishes itself by introducing the metaphor of Caged Beasts to symbolize Caged Liquidity. Its mission extends beyond liquidity to revolutionizing the finance industry through decentralization. With 75% of its funds allocated to locked liquidity, Caged Beasts creates a robust and inclusive system that empowers the entire community. This dedication ensures the smooth operation and accessibility of the token.

In addition, Caged Beasts allocates 25% of its funds to the marketing wallet, recognizing the importance of building a strong and influential presence. This strategic allocation enables Caged Beasts to effectively promote its vision and offerings, reaching a wider audience and generating market awareness. By striking a balance between liquidity and marketing, Caged Beasts positions itself as a formidable player in the crypto market.

Bitcoin (BTC) needs no introduction. As the oldest and largest cryptocurrency, BTC has experienced its fair share of ups and downs. Despite its volatile nature, Bitcoin has witnessed impressive growth over the years, with a substantial impact on the overall crypto market. Its market price may fluctuate, but Bitcoins underlying potential remains significant.

In envisioning the future of Bitcoin, we explore the best-case scenario and a more realistic middle ground. Bitcoin maximalists, such as MicroStrategy chairman Michael Saylor, firmly believe that Bitcoin is the future of money. Their bullish outlook suggests global adoption, government approval, technological advancements, and increased institutional investment.

However, it is crucial to acknowledge the need for continuous development, regulatory adaptability, and market dynamics in achieving this optimistic vision. While the future remains uncertain, Bitcoins established position and enduring popularity make it a cryptocurrency worth watching.

Binance Coin (BNB) holds a unique position as the native token of the Binance exchange, one of the worlds largest cryptocurrency trading platforms. Initially introduced as a trading fee currency, Binance Coin has evolved to play a pivotal role in the Binance Smart Chain (BSC). BSC offers a faster and cheaper alternative to Ethereum, attracting numerous projects and users to its ecosystem.

The future of Binance Coin appears promising due to its increasing usage and popularity within BSC. As more projects migrate to BSC, the demand for BNB is expected to surge. Additionally, Binance has been expanding its decentralized finance (DeFi) offerings, with BNB at the forefront. Holders of Binance Coin can participate in the governance of various DeFi projects on BSC, earning rewards and actively shaping the ecosystem.

In summary, the future of decentralized finance (DeFi) holds great potential for Caged Beasts, Bitcoin, and Binance Coin. Caged Beasts aims to revolutionize the finance industry through its unique approach to locked liquidity, empowering the community and driving sustainable growth.

Bitcoin, as the pioneering cryptocurrency, continues to navigate market dynamics and stands as a significant player in the long run. Binance Coin, with its crucial role in the Binance Smart Chain and expanding DeFi applications, positions itself as a key player in the crypto market!

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

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The Future of DeFi - Analytics Insight

Top Five Altcoins to Diversify Your Crypto Investment Portfolio in 2023 – Captain Altcoin

Home Journal Top Five Altcoins to Diversify Your Crypto Investment Portfolio in 2023

Crypto investments have gained immense popularity in recent years. With Bitcoin leading the way, many investors have reaped substantial profits. However, diversifying your crypto investment portfolio is essential to mitigate risks and maximize potential gains, especially when gambling in online casinos such as Bet 999.

Although Bitcoin remains a dominant player, several promising altcoins are emerging as attractive investment options in 2023. Here are the top five altcoins you should consider adding to your portfolio.

Ethereum has a proven track record and has established itself as the second-largest cryptocurrency by market capitalization. Its longevity and stability in the crypto market make it a reliable choice for diversification.

Additionally, it offers many use cases beyond just being a cryptocurrency. Its smart contract functionality allows decentralized applications (dApps) to be developed and deployed.

This opens up opportunities for various industries, including finance, gaming, supply chain management, and more. Investing in Ethereum exposes you to the potential growth of the entire Ethereum ecosystem.

Moreover, Ethereum has a vibrant and active developer community. This community continuously works on improving the platform, implementing upgrades, and enhancing its scalability.

The Ethereum 2.0 upgrade, for example, addresses the networks scalability issues and reduces transaction fees. These improvements can drive increased adoption and demand for Ethereum, potentially leading to price appreciation.

The Binance Coin can usually only be found when using the Binance exchange platform, but that doesnt make it any less valuable, especially because this platform is one of the most popular and reliable crypto exchanges out there.

This exchange has built a strong reputation for its robust security measures, user-friendly interface, and wide range of trading options. By investing in BNB, you gain exposure to the success and growth of the Binance platform.

Moreover, this altcoin offers various benefits within the Binance ecosystem. One significant advantage is using BNB to cover the extra fees on the exchange. This provides a tangible use case and incentivizes traders to hold BNB, potentially driving demand and value.

Additionally, BNB holders can participate in token sales and initial exchange offerings (IEOs) hosted on Binance Launchpad, providing opportunities to invest in promising projects early on.

Furthermore, Binance has expanded its services beyond the traditional exchange platform. It has introduced innovative products, such as the Binance Smart Chain (BSC), a blockchain platform that enables the creation of decentralized applications (dApps) and the issuance of tokens.

BSCs compatibility with the Ethereum Virtual Machine (EVM) has attracted developers and projects to build on the Binance ecosystem, further enhancing the value and potential of BNB.

Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for developing decentralized applications (dApps) and smart contracts.

Its approach is rooted in academic research and peer-reviewed development, which sets it apart from many other blockchain projects. This commitment to rigorous research and development increases the credibility and potential long-term viability of Cardano.

Also, Cardanos native cryptocurrency, ADA, has gained significant attention in the crypto community. ADA is used for various purposes, such as in the platforms consensus mechanism and governance decisions. Holding ADA allows investors to have a stake in the Cardano network and potentially influence its development.

Additionally, Cardano has a clear roadmap for its future development, with planned upgrades and milestones. The ongoing rollout of the Goguen phase, which focuses on enabling smart contract functionality, has generated excitement within the crypto space.

Moreover, the upcoming Alonzo upgrade, in particular, is expected to bring full smart contract capabilities to the Cardano network. These advancements can attract developers and projects to build on Cardano, potentially driving demand for ADA.

Solana is a high-performance blockchain platform that offers fast and scalable solutions for decentralized applications (dApps) and cryptocurrencies.

Its unique architecture and innovative technology allow for high throughput and low transaction fees, making it an attractive choice for developers and users alike. Solanas scalability potential positions it well to handle increased adoption and usage in the future.

Moreover, Solanas native cryptocurrency, SOL, has witnessed significant growth and attention in the crypto market. SOL is the utility token of the Solana ecosystem and is used for various purposes, including staking, transaction fees, and participation in network governance.

Therefore, holding this altcoin can provide opportunities for earning rewards and participating in the growth and decision-making of the Solana network.

Additionally, Solana has seen a rapid expansion of its ecosystem, with numerous projects and decentralized finance (DeFi) applications being built on its platform. The growing ecosystem creates a network effect that can drive increased demand for SOL and potentially contribute to its long-term value appreciation.

Furthermore, the Solana ecosystems compatibility with the Ethereum Virtual Machine (EVM) allows for easy migration of existing Ethereum projects, expanding Solanas reach and appeal.

Polkadot is a unique and innovative multi-chain platform that aims to facilitate interoperability between different blockchains. It offers a scalable and secure infrastructure for creating and connecting multiple specialized blockchains into a single network.

This interoperability allows for the seamless transfer of assets and data across different chains, creating a connected and collaborative ecosystem.

Additionally, Polkadots native cryptocurrency, DOT, plays a crucial role within the Polkadot network. DOT holders have the ability to participate in network governance decisions, such as proposing and voting on protocol upgrades and changes. This democratic governance structure gives DOT holders a say in the future development and direction of the Polkadot ecosystem.

Diversifying your crypto investment portfolio with these altcoins can help you capitalize on the crypto markets potential while reducing risk. However, its essential to conduct thorough research and consider your risk tolerance before making any investment decisions.

The crypto market remains highly volatile, and prices can fluctuate significantly. Therefore, its crucial to stay informed, monitor market trends, and consult with financial professionals when necessary.

Remember to stay updated with the latest developments and evaluate the fundamentals of each project before investing. With the right strategy and careful consideration, you can navigate the crypto market and position yourself for long-term success in your gambling journey.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Top Five Altcoins to Diversify Your Crypto Investment Portfolio in 2023 - Captain Altcoin

‘Tis the season to write the bitcoin goes up! post again – David Gerard

Bitcoin topped $30,000 today, between 16:29 and 16:47 UTC! And Im getting calls about it. Number go up!

As usual, this signifies very little. No more than it does when the price goes down.

The number did not go up because of Wall Street interest, futile ETF filings, regulator signals, interest rates, the global economy or sunspots. It went up because of internal market shenanigans. Its always shenanigans.

The crypto trading market is in the dumps. The retail dollars have gone home. Cashing out at scale is proving difficult.

The crypto exchanges and trading firms have large piles of cryptos which they account at mark-to-market if you have 10,000 BTC at $30,000, just account it as $300 million!

Trouble is, there arent three hundred million dollars out there looking for bitcoins to buy. The realisable value is much lower.

So everyone has a great big mark-to-market time bomb in their accounts as they all pretend theyre not broke.

(This isnt even getting into exchanges that count their own supermarket loyalty card points as money as FTX/Alameda did with 5 billion dollars of its own FTT tokens, and as Binance does with its own BNB tokens.)

If youre playing pretend with your accounting, you need the number your accounts depend on to stay up. If its cheaper to pump the number up than to let your accounts go down, you pump the number up. And it is indeed cheap the markets really thin right now!

Binance has lost BUSD no more will be minted and it doesnt seem so keen on tethers. So Binances stablecoin of choice is now TrueUSD, or TUSD, which totally isnt run by Justin Sun of Tron, allegedly.

Binance was caught printing BUSD out of nowhere on its internal BNB Smart Chain which is probably what led to Paxos being told to close BUSD.

TUSD was, until recently, minted at Prime Trust. It isnt any more. Prime Trust, which Binance US used to use as a trustee, has hit financial trouble (because the crypto economy is running out of dollars). Prime has agreed in principle to be bought by BitGo. [CoinDesk]

TUSD lost its peg earlier this month at the news. [u.today]

TUSD has had to pause the automated attestations of its backing the page that shows that every TUSD in circulation really is backed by some sort of assets. As it happens, the page updates can be stopped due to an actual imbalance of liabilities and corresponding assets. Coincidentally, billions of TUSD have been minted recently. [Protos]

What could you make the price of bitcoin do if you could just print a few billion fake dollars to move it with?

Remember that the crypto trading economy is Binance and some stragglers. Binance is under no effective regulation so nobody can stop them from doing anything they like that doesnt scare off the suckers.

It is of course just allegations that Binance engages in market manipulation, wash trading and trading against its own customers. Allegations that made it into the SEC complaint against Binance US, and the Washington Post last year. And remember that CZ from Binance confessed that wash trading was standard at OKCoin when he was working there in 2015. [Washington Post, 2022; Reddit, archive, 2015]

Theres also how the BTC-USDT price on Binance US momentarily spiked to $138,070 around 03:00 UTC this morning:

From OperationAjax on Twitter

If the SEC wins its very solid cases, Coinbase is utterly screwed and Binance loses the US market.

Coinbase is hoping that Rep. Patrick McHenrys new crypto markets bill nullifies the SEC suit and lets them keep their business open. Really, thats what Coinbase has for a plan. [Bloomberg]

I am disconcerted to hear theres a greater than zero chance of McHenrys bill going through. This is quite bad, because it would allow through all manner of bad and awful financial instruments and shenanigans that are presently illegal for excellent reason if you tack on a gratuitous blockchain.

But I dont think even this bill will save crypto in the short to medium. Cryptocurrency is still perceived as awful trash for crooks and idiots. Coinbase is still haemorrhaging money.

A bubble wont come back for at least a few years, and then only if sufficient suckers grow back. If regulators mess up this time around, then perhaps crypto can bubble again!

In the short term: if you have a big bag of dead cryptos you cant shift, this is the moment to turn them back into cash while you can. Coinbase still has US dollar banking. For now.

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'Tis the season to write the bitcoin goes up! post again - David Gerard

Binance Strengthens Global Presence With Licensed Platform in … – BSC NEWS

Offering a unique multi-tier game theory approach and community-driven mechanics, SEC vs. FOUR aims to provide users with an immersive and entertaining experience.

After an exciting and successful presale on PinkSale, where it was trending, the SEC vs. FOUR team launched a dApp where two tokens will clash in an epic battle for supremacy.

SEC vs. FOUR is a thrilling DeFi experiment that combines the worlds of decentralized finance and meme culture. It revolves around a battle between the Securities and Exchange Commission (SEC) and CZ's "Four fingers" meme.

Led by an experienced BNB OGs and an anonymous team that has previously worked on significant projects during the last bull run on the BNB Chain (BNB), the project introduces two tokens, $SEC and $FOUR, which can be staked and traded within the platform. By participating in SEC vs. FOUR, users can earn rewards, shape the battle's outcome, and celebrate the spirit of innovation in the crypto space. It's an exciting venture that invites you to join the movement and be part of a community-driven project.

Starting on June 22nd at 18:00 UTC and for 48 hours, the DeFi world will witness an enthralling experiment that will pit the two tokens, $SEC and $FOUR. This exciting showdown aims to unravel the mystery behind the viral fame of the meme, and it will be decided by the community itself, adding an extra layer of excitement to the mix.

$SEC and $FOUR are tokens that bring a unique twist by forming the SEC:FOUR liquidity pair on PancakeSwap V2. Through a smart contract address, participants can access a hidden liquidity pool where these tokens are listed in a 1:1 ratio. This setup allows for a three-tier game theory approach, enabling users to trade Token A (SEC:FOUR) as an asset or break it down into Tokens B (SEC) and C (FOUR) for separate trading. This convergence adds an exciting dimension to the investment landscape, with APYs adjusting based on the demand for each pool.

The ecosystem offers four staking options, each with different earning potential. Users can stake SEC:FOUR-BNB to earn SEC or FOUR, stake FOUR to earn SEC, or stake SEC to earn FOUR.

On June 22nd, the real battle starts and its time for the user to choose their side and stake their tokens! Two new pools will be set up (stake SEC, earn SEC, stake FOUR, earn FOUR), and to discourage frequent pool switching, these pools have a 1% deposit fee and a 2% withdrawal fee, and withdrawals are locked 2 hours before the countdown ends. This battle will last for 48 hours and at the end of it the community will decide the ultimate winner!

Learn more about the showdown here.

To stay updated with the latest news and announcements, follow SEC vs. FOUR on Twitter and join their Telegram community.

SEC vs. FOUR is a groundbreaking MemeFi experiment on the BNB Chain, aiming to introduce innovative protocols to the DeFi market. Led by an experienced BNB OGs and anonymous team, SEC vs. FOUR offers a unique multi-tier game theory approach and community-driven mechanics that empower participants and deliver an unforgettable investment experience.

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Binance Strengthens Global Presence With Licensed Platform in ... - BSC NEWS

Most Staked Cryptocurrencies in 2023 – BanklessTimes

For many cryptocurrency owners, staking is an excellent way to put assets to work rather than just leaving them stored up in a cryptowallet. By committing your assets to support a blockchain network, you can generate rewards and safeguard cryptocurrency platforms for other users. Not all networks are created equal though, and there are varying levels of reward and risk. At BanklessTimes.com weve ranked the ten most staked cryptocurrencies by market cap:

1. Ethereum

Ethereum is the most staked cryptocurrency, in large part because staking Ethereum is so straightforward. Anyone can become a validator by simply placing 32 ETH into a staking contract and activating validator software. Even the non-technical minded can do this through a CEX with just one click of a button. There are currently 601,977 validators on Ethereum and the platform has a staking market cap of $36,858,561,747, which is more than four times the amount of its largest competitor.

2. Solana

Solana has recently surged in popularity, driven by the fact that its native cryptocurrency SOL has experienced a significant growth in value. With a market price of $22.23, SOL is a reasonable investment and has long appealed to users for its lightning-fast transaction speeds and low fees. Solana has a staking ratio of 70.51% and rewards average at 6.8% per annum.

3. Cardano

Cardano has long been considered a safe investment choice thanks to the decentralised team of scientists, engineers and thought-leaders that lent their minds and rigorous testing to this open-source blockchain. Every ada holder has a stake in the network and ada can be delegated to a stake pool to earn rewards.

4. Aptos

Aptos has only recently been launched, but the fact it has three former Meta employees behind it has generated something of a buzz. The team behind Aptos has significant experience on the Diem stablecoin project and the platform uses accessible applications from Metas own programming language, Rust. With investors keen to get on board, Aptos already has a staking market cap of $8,089,418,162.

5. BNB Chain

Youll need a good degree of technical knowledge to invest in BNB Chain. The company formerly known as Binance Smart Chain only takes on 21 validators at a time and in order to be considered youll need to spin up a hardware node with the required specs, run a full BSC node, and stake a minimum of 10,000. This will only secure you a place as an elected candidate though; to start producing blocks you will need to be voted in, with candidates changing every 24 hours.

6. Sui

Sui is another cryptocurrency platform still at the integration stage, but attracting plenty of investors with its goal of making digital asset ownership accessible to everyone. The new project is the effort of Mysten Labs, a company founded by ex-employees of Metas Project Libra. The team has already generated a staking market cap of $7,062,537,071.

7. Avalanche

Avalanche differs from other cryptocurrency platforms in that fees are not directed to validators but rather burned. Burning increases the scarcity of its currency, AVAX, which is counterbalanced by the minting process in order to assure the longevity of the network. With a staking market cap of $3,627,678,874 it must be doing something right.

8. Polygon

Ethereums popularity has added many transactions to the Ethereum blockchain, which can make fees rise to the point at which smaller transactions are unviable. Polygon works by running alongside the Ethereum blockchain to provide faster transactions and lower fees to users.

9. Tron

Tron is dedicated to decentralising the internet and users looking to stake TRX can choose to vote on Super Representatives, which is perceived as easy with minimal risk, or alternatively for a fee of 9,999 TRX they can pay to participate in the election for Super Representative, which requires a certain level of technical expertise.

10. Polkadot

Polkadot is a protocol that connects previously incompatible blockchains such as Ethereum and Bitcoin and allows value and data to be sent across them. The amount to stake is dynamic, but often sits around the 80 DOT mark. Choose your validators carefully on this platform if they dont behave youll end up losing DOT.

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Most Staked Cryptocurrencies in 2023 - BanklessTimes