Day: February 18, 2021

Binance Coin sets new all-time high amid skyrocketing activity on BSC

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Binance Coin (BNB) has seen its second major rally in February, culminating in a new all-time high of $195 after the token price added over $80 in the last 24-hour trading period. Thursdayโ€™s 42% rally now means BNB is up more than four-fold in February alone with year-to-date gains above 413%. BNB/BTC Price Chart. Source: TradingView The current price rally has taken BNB to the fourth spot on the crypto market capitalization rankings according to CoinMarketCap. However, data from Coingecko still puts BNB in sixth place below both Polkadot (DOT)…

One hack to bring down a whole market, Feb 10โ€“17

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Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. The Alpha Homora and Cream Finance hack has made a gigantic mark in the DeFi space this week. It is the largest single hack in DeFi history at $37 million in funds stolen. It is also one of the most complex, apparently leveraging several honest-to-God vulnerabilities in Alpha Homora. A few missing input checks in very specialized conditions allowed the hacker to abuse Alpha Homoraโ€™s privilege of borrowing an unlimited amount of funds from Cream Financeโ€™s Iron Bank. Flash…

SHOP Stock Down 3%, Shopify Has Lower Revenue Growth Expectations for 2021

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Shopify has thrived significantly during the pandemic, but the possibility of a coronavirus crisis subsiding in the coming quarters leaves the business with some degree of uncertainty. Shares of e-commerce giant Shopify Inc (NYSE: SHOP) dropped about 5% yesterday, even after reporting better than anticipated earnings and revenue in Q4 2020. However, Shopify stock closed the day trading at $1,425, 3.3% down. Shopify earned an adjusted $1.58 per share during the fourth quarter, beating the $1.26 consensus estimate, according to Refinitiv. Besides, the company reported a revenue of $910 million…

IEO Paypolitan Starts on Bitforex on February, 18

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The Paypolitan IEO will allow Bitforex users to join Paypolitan staking and yield farming programs. Bitforex, one of the major cryptocurrency exchanges, will host the IEO of Paypolitan from February 18th to March 3rd, 2021 listing its EPAN token. Paypolitan is an innovative payment system, combining traditional cash payments and DeFi functionality. The Paypolitan platform is using blockchain technology, smart contracts and open banking APIs to provide both individuals and businesses with a next-gen payment solution. It is set up by the user as easily as Apple Pay. It is…

Bitcoin Free Mining (The best bitcoin cloud mining and passive income site)

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Bitcoin (BTC) Tops $52,000 Following Strong Institutional Interest, Here’s What Lies Ahead

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Just as BTC crossed the $50,000 milestone with a convincing rally backed by institutional players, analysts have turned bullish saying Bitcoin is all set to surge past $100K and above this year. In an unprecedented price rally that has attracted enormous community interest, the worldโ€™s largest cryptocurrency Bitcoin (BTC) has hit a new all-time high above $52,000. At press time, the BTC price is trading at a price of $52,116 with a market cap of $970 billion. Bitcoin is short another 4% from here to become the worldโ€™s first trillion-dollar…

Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot

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A retailer of specialty teas and baked goods based in Hunan, China is expanding its business into cryptocurrency mining. According to a press release on Thursday, Urban Tea Inc. has hired two new executives ahead of its strategic expansion into its new cryptocurrency venture. Fengdan Zhou has been hired as the companyโ€™s new chief operating officer (COO), while Yunfei Song has signed on as an independent director. Zhou, who will lead the companyโ€™s implementation of its โ€œblockchain and bitcoin business plan,โ€ brings a wealth of experience in building and managing…

BlackRock Announces BTC Investment, Bitcoin Price Climbing Higher

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Bitcoin has turned indomitable surging another 5% in 24-hours with BlackRock announcing its entry in BTC. The worldโ€™s largest asset manager said that Bitcoin is a potential asset class to put its excess cash to work. With a day of crossing the $50,000 milestone, Bitcoin (BTC) has surged another 5.5% hitting its new all-time high above $52, 400 levels. The worldโ€™s largest cryptocurrency has been on an unprecedented rally since Teslaโ€˜s announcement of $1.5 billion worth of BTC purchase. However, the latest Bitcoin (BTC) price rally comes as the worldโ€™s…