Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of a new educational game called ‘Word of the Day’ (WOTD). Through this initiative, users can test their knowledge and earn rewards including Binance Points, BNB token vouchers, and trading fee rebate vouchers. Game Details and Rewards According to Binance, all eligible users will share a pool of 500,000 Binance Points. These points can be redeemed for a variety of rewards in the Rewards Hub. The topic of the first week is ‘Binance Build’. Entrants are encouraged to read selected articles on this…
Author: Crypto Flexs
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As the cryptocurrency market looks for new ways to drive growth, the emergence of celebrity-backed token projects has sparked a trend that has drawn mixed reactions from seasoned crypto enthusiasts to the new wave of memecoins.Some argue that celebrity tokens can attract new users to cryptocurrencies, while others believe that the speculative nature of the tokens could mislead consumers about the true value of the blockchain.Celebrity MemeCoins can help you attract new users.Proponents of celebrity tokens see them as an effective entryway into cryptocurrency. Solo Ceesay, co-founder and CEO of social wallet Calaxy, believes these tokens can make cryptocurrency more…
Gala Games has announced the release of a new Hero card featuring AMC’s beloved character Glenn. The Walking Deadfor their games The Walking Dead: Empire. According to Gala News, the Glenn Hero Card sales will begin on Friday, June 28, 2024 at 8 a.m. PT. Expand your empire with Glenn Known for his adaptability, resourcefulness, and compassionate nature, Glenn’s character can now become part of the player’s empire in the game. With the introduction of the Glenn Hero Card, players can step into Glenn’s shoes and defend their base and work towards a better future.…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportGamblers at decentralized blockchain betting site Polymarket have increased their odds of President Joe Biden dropping out of the race ahead of the US presidential election in November.Traders estimate that the odds of Biden withdrawing his nomination have risen to 46% from 19% on Thursday following his first presidential debate with former President Donald Trump last week.There is criticism over whether the 81-year-old will be able to secure another term…
Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid further declines if it succeeds in recovering above the $62,400 resistance. Bitcoin is still struggling to recover above the $62,200 and $62,400 levels. The price is trading above $61,500 and the 100-hourly simple moving average. There was a break above the major bearish trend line with resistance at $61,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). Unless a close is formed above the $62,400 resistance level, the pair may start another downtrend. Bitcoin price hits a snag Bitcoin price struggled to rise above…
July looks set to be a volatile month. More than 730 million tokens will be in circulation. A massive sell-off by investors is imminent. July promises to be a pivotal month for the crypto industry with major developments including the possible approval of an Ethereum ETF, a possible altcoin season, and a selloff by Mt. Gox users. Amid these developments, the crypto market is expecting a surge in token unlocks from several crypto projects, which is raising concerns about a selloff. July Predictions: Crypto Markets Will Flood With Token Unlocks According to Unlock TokenA number of altcoins are set to…
According to official sources, Cronos (CRO) Labs has announced a series of important updates and initiatives for the zkEVM project. The goal of the update is to improve user experience and drive community engagement within the #CROFam ecosystem. Latest testnet upgrades and community participation The Cronos zkEVM project has marked an important milestone in its development by launching the Tethys testnet. The new testnet integrates zkSync’s technology to enable secure and efficient cross-chain interaction with the Ethereum Mainnet. Users can participate in testnet quests through Galxe until June 30th, with more community activity expected in…
June was a much tougher month for Bitcoin than many expected at the start of the month, as the Bitcoin price virtually fell throughout the month, disappointing many investors, especially short-term holders. However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. The number of new Bitcoin addresses created has surged to its highest level in two months, according to new data. This growth suggests that Bitcoin’s long-term prospects remain strong. New BTC Addresses Surge to 2-Month High Despite the price crash, the network is showing promising trends that signal future growth for the world’s largest cryptocurrency.…
Wormhole, a leading interoperability platform, has introduced Governor V2, a flow cancellation governor mechanism designed to address congestion issues and improve transaction efficiency across supported blockchains. According to Wormhole, this new feature focuses on net flow to improve transaction throughput while minimizing latency and maintaining security. The need for a flow cancellation regulator mechanism Wormhole’s existing rate-limiting mechanism, known as the Governor, sets an upper limit on the total USD-denominated outflows on the chain within 24 hours. However, as usage grew, multiple chains frequently reached their governor limits, causing delays and user frustration. This congestion…
CRV, the native token of stablecoin lending platform CurveDAO, is back nearing all-time lows as the ecosystem attempts to recover from a massive liquidation event this month. Blockchain tracking firm Lookonchain reported that a whale had deposited $6 million worth of CRV into Binance, presumably intending to sell it at a loss. “$22 million worth of CRV was purchased for approximately $0.33 after CRV was liquidated. “If we sell now, we will incur a loss of about $1 million.” Source: Lookonchain/X On June 13, Curve founder Michael Egorov announced that he had liquidated all of his loans, worth about $156…