Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

Tokens from the Binance Chain ecosystem are surging today, led by Binance Coin’s (BNB) own example—which broke above $270 today, according to CryptoSlate’s Binance Smart Chain sector data. The top 10 Binance Chain-based tokens. Image: CryptoSlate The level of $270 is yet another major milestone BNB is storming in just over a week. On February 9,…

Ethereum futures daily trading volume on CME doubles since last week

The daily trading volume of Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has exceeded $75 million, crypto metrics platform Glassnode reported today. Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday’s volume of $40M. Meanwhile, open interest has increased…

$2 billion Ethereum NFT sector finds a way to legacy bank BNP Paribas

A private subsidiary of the French bank took a liking to the fast-growing NFT space in its latest note. The next frontier? Non-fungible tokens (NFTs) just got covered in a report published by L’Atelier, an independent subsidiary of legacy French bank BNP Paribas, last week, a report on Forbes said Monday. The crypto subsector has…

Christie’s and MakersPlace team up for historical auction of NFT digital artwork

Despite the controversy surrounding non-fungible tokens (NFTs), world-famous auction house Christie’s, in conjunction with MakersPlace, has announced their first-ever digital artwork auction. The online sale will showcase the Everydays—The First 5000 Days piece by Mike Winkelmann, better known as Beeple. Bidding starts on February 25, with the auction running up until March 11. Art expert…

Here’s why Litecoin creator Charlie Lee is not sold on NFTs

The NFT hype has taken over the crypto space in the past few weeks. But not all veterans are convinced. NFT what? You’re not alone if you’re skeptical about non-fungible tokens (NFTs), the shiny new crypto hype that is either overvalued or the next market frontier depending on whom you ask. Litecoin creator Charlie Lee…

Why Ethereum is stagnating behind Bitcoin after its rally to new record-high

The price of Ethereum is declining against both Bitcoin and the U.S. dollar. This comes as the dominant cryptocurrency soared to a new all-time high in the last several hours. As Bitcoin began to climb towards $49,900, the price of Ethereum actually dropped in the same period. Although Ethereum has sometimes lagged behind Bitcoin during…

Amazon, Mastercard look to expand into the crypto space

American corporations Amazon and Mastercard are both looking to enter the cryptocurrency market in the near future, according to some recent reports and an official statement made by the latter. Our philosophy on #cryptocurrency is simple: It’s about choice. Mastercard is preparing right now for the future of #crypto and payments, announcing that this year…

Ben Goertzel’s SingularityNET begins second phase of migration from Ethereum to Cardano

SingularityNET, an artificial intelligence (AI) solution built on Ethereum, has begun the second phase of its migration to Cardano. The company’s AGI cryptocurrency will be the first major token release on the Cardano Native Assets platform and the largest democratic exercise in the history of decentralized AI. A major decentralized AI network is coming to…

Other DeFi-focused networks are surging as Ethereum congestion narrative spurs up

Ethereum has been facing extreme network congestion once again, which has been made worse by the cryptocurrency’s rapidly increasing price. At one point over the past week, it cost over $100 to trade on Uniswap, which caused even larger players—some that you could call “whales”—to lament about the extremely high transaction fees. This has caused…

DeFi thrives on Binance Smart Chain as users flee exorbitant ETH fees

The prices and market capitalization of tokens in the Binance Smart Chain (BSC) ecosystem are booming as the whole sector is up 135% over the past week, according to CryptoSlate’s data. The top 10 Binance Smart Chain tokens. Image: CryptoSlate Binance Coin (BNB) is leading the charge. Just yesterday, the coin broke a new all-time…