The world of Decentralized Finance (DeFi) is booming, offering innovative financial instruments and boundless opportunities. At the forefront of this revolution lies the Binance Smart Chain (BSC), a high-performance blockchain boasting fast transaction speeds and low fees. To interact with the exciting DeFi landscape on BSC, MetaMask, the popular non-custodial wallet, serves as a vital gateway. This comprehensive guide will equip you with the knowledge to seamlessly connect your MetaMask wallet to BNB Smart Chain, unlocking a universe of DeFi possibilities. MetaMask – Your DeFi Companion: MetaMask serves as a vital bridge connecting users to the expansive realm of blockchain…
Author: Crypto Flexs
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Binance Launches New Offers to Increase ProfitsAccording to a recent announcement from Binance, the leading cryptocurrency exchange has introduced a new limited-time offer to its Binance Savings platform. The offer is launched every Wednesday, giving users the opportunity to earn rewards on various platforms such as Simple Earn, BNB Vault, ETH Stake, Dual Investment, and more.These offers are available on a first-come, first-serve basis, so users can view their assets by going to Wallet > Earn on the platform.Additional benefits for usersUsers holding active BNB vaults and/or BNB locked product positions will automatically receive rewards…
May 21st Bitfinex lists PORTAL, the portal’s native token Posted at: 08:09h From media materials Maria Lobusova Road Town, British Virgin Islands – May 21, 2024 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced the listing of PORTAL, the native token of Portal, a multi-chain web3 gaming platform. Web3 games are growing tremendously, and the market size is expected to reach approximately $614 billion by 2030. This is a nearly 300% increase over the 2023 valuation of $154 billion. Portal is collaborating with LayerZero, a protocol that enables blockchain interoperability, to facilitate multi-chain experiences by connecting a…
Degen (DEGEN), a token created by the Farcaster community, rose 17% after the blockchain-based social platform confirmed it had raised $150 million in its latest funding round.The Series A round was led by venture firm Paradigm, with participation from Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto. Farcaster founder Dan Romero said in a May 21 post that the funding will “support our work on Farcaster for many years.” Romero, a former Coinbase executive, first hinted at a funding round at Warpcast in March, but did not share any further details at the time. Bloomberg reported in March that the…
In a move that has the cryptocurrency community buzzing, the U.S. Securities and Exchange Commission (SEC) has asked major exchanges to improve their applications for spot Ethereum ETFs. According to Reuters reportThe request is interpreted as a positive sign that regulators are ready to approve the long-awaited product, according to sources familiar with the process. Ethereum ETF Approval Is Nearing The exchanges in question, Nasdaq, CBOE, and NYSE, have been doing the following: submission It lists Ethereum ETFs offered by asset managers such as VanEck and ARK Investments/21Shares. Typically, such regulatory feedback from the SEC will lead to approval rather…
Posted 1 minute ago In ~ Updated: May 22, 2024 2:48 AM EDT Coinbase joins other cryptocurrency and technology companies, including social media giant Meta, blockchain payments company Ripple, cryptocurrency exchanges Kraken and Gemini, the Global Anti-Scam Organization (GASO), and Match Group, in the Tech Against Scams coalition. ) has started. Parent company of Tinder and Hinge.The group aims to combat online fraud and financial fraud by sharing knowledge across a variety of industries.The initiative covers a range of technology sectors, including but not limited to social media, cryptocurrency, finance and dating apps, highlighting the widespread problem of fraud across…
BNB is starting to trade above long-term resistance levels. The coin price may recover to its all-time high in two years. Binance Coin (BNB) has crossed the upper line of a long-term symmetrical triangle, indicating a surge in buying pressure. At the time of writing, the altcoin is trading at $623, above the $595 price area where it has formed a significant resistance level since March. Source: BNB/USDT, TradingView When an asset is trading within a symmetrical triangle, its price continually reaches various lower highs and higher lows. This suggests that asset prices are consolidating within a narrow range. Buyers…
Cardano (ADA) is struggling to break above the $0.500 resistance zone and start a new rally. ADA needs to stay above the $0.480 support level to initiate a proper upward move. ADA price is struggling to gain bullish momentum above the $0.50 area. The price is trading above $0.480 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair, there is a major bullish trend line forming with support near $0.480 (data source from Kraken). A close above $0.500 could give the pair some bullish momentum. Cardano price remains supported Over the past few days, Cardano…
Jupiter Exchange has launched the Giant Unified Marketplace (GUM) initiative to combine different types of investments into one marketplace on the Solana blockchain. that much GUM Alliance It aims to bring together investments such as meme coins, real assets, stocks and forex into a single market and make trading between them easier and more direct. Comprised of a team of leaders in asset processing, liquidity and distribution, the alliance will add more types of investments to Solana (SOL) to ensure sufficient cash flow to keep the market running smoothly and integrate the market into Jupiter’s platform. We plan to encourage…
HKMA Announces Bidding Results for People’s Bank of China Yuan Banknotes The Hong Kong Monetary Authority (HKMA) announced on the HKMA’s official website that it has announced the results of the tender for Yuan banknotes issued by the People’s Bank of China (PBoC) held on May 22, 2024. The bid, which offered three-month maturity RMB notes, is part of an ongoing plan by the People’s Bank of China and the HKMA to promote the development of the RMB offshore market. Details regarding the issuer and bid details were not disclosed in the press release. The…