Brazil’s Top Exchange Mercado Bitcoin Lists Sport Token Chiliz

Chiliz (CHZ), a major sports-focused digital currency, is getting its first listing on a Brazilian cryptocurrency exchange. Mercado Bitcoin, the largest crypto trading platform in Brazil, will soon roll out Chiliz trading against the local currency, Brazilian real (BRL). Chiliz token is the first utility token listed on Mercado Bitcoin As officially announced on July 13, Mercado Bitcoin users are already able to make Chiliz deposits with BRL. Trading will be launched on July 14. Chiliz token is the seventh digital currency supported on Mercado Bitcoin exchange. According to data…

Retail Investors Pump Chainlink’s Native LINK Token to All-Time High

Key Takeaways LINK is up 73% in July and 54% in the last week after a muted performance amidst the DeFi rally. Retail investors dominate demand for LINK as a majority of new investors hold between 10 and 1,000 coins. ChainLink nevertheless has a bubbly valuation that cannot be easily justified. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Chainlink’s native LINK token is up 73% this month as the token went as high as $8.5 earlier today. Retail investors are…

How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?

According to recent research from blockchain analytics firm Flipside Crypto, Brave’s Basic Attention Token (BAT) became the most used ERC-20 token in the decentralized finance (DeFi) sector from June 19 to July 2. According to Dapp.com, “there was a transaction volume of $931 million generated from BAT token, more than the combined volume of Ether and Dai”. BAT is the token used to incentivize and reward advertisement viewing by Brave Browser users. The idea behind blocking advertisements is to encourage ad makers to share revenue with the end users who…

Uniswap’s Daily Volume Nudges $25M Despite Scam Token Concerns

Daily trade volume on the decentralized exchange (DEX) and liquidity pool Uniswap has rallied to $25 million on the back of a strong first day of trade for the digital asset protocol Ampleforth’s AMPL. ETH-AMPL currently comprises Uniswap’s top pairing by volume, with nearly $2.9 million in trade activity over the past 24 hours. The past day comprises the second-strongest on record for Uniswap V2, however, the first incarnation of the exchange has seen brief spikes into the hundreds of millions three times in the past 12 months. Uniswap is…

Nearly 6% of Kyber’s Token Supply Staked in One Day

$16.7 million worth of decentralized finance (DeFi) liquidity protocol Kyber Network’s KNC token have been locked up in staking within 24 hours of the service’s launch. The milestone was noted by Kyber co-founder Loi Luu, who tweeted to announce that nearly 10.5 million KNC had already been staked. Hype for the launch drove a major rally over the months leading up to the staking commencement, with the price of KNC more than tripling against the dollar since late-April. However, KNC has posted a 10%  price retracement since topping out roughly…

Is bZx’s New DeFi Token Enough to Win Back Wary Users?

Key Takeaways bZx is launching a governance token, BZRX, which will dictate protocol governance and act as a value-earning instrument. BZRX will have four layers of compensation: two portions of fees, BAL rewards, and a claim on bZx insurance fund assets. The plan to rescue traders and lenders stuck in the iETH pool isn’t necessarily the best plan. bZx must convince the market it is now a reliable place to do business. Share this article bZx is on the road to recovery and is implementing a plan to breathe new…

Monaco Passes New Security Token Laws, but Acting on Them Is Not Easy

Monaco is one of the most exceptional countries on the planet. Its unique mix of scenery and history creates a blend that attracts tourists from all over the world. Anyone who has ever visited falls swiftly in love with its charm.
 Alongside its reputation for class, architecture and an outstanding grand prix circuit, Monaco has always seen itself as a “niche” financial-sector pioneer. Many people don’t realize that Monaco prides itself on its willingness to think “outside of the box” with respect to financial laws. This thinking shows a commitment…

Travala Token Takes Flight Following Expedia Partnership

Key Takeaways Travala has announced a tie-up with a second major travel aggregator. Travala’s AVA tokens surged 30% on the announcement. Expedia once accepted Bitcoin, but stopped in June 2018. Share this article Travala has partnered with Expedia to allow crypto holders to book hotels using crypto, in a move that sent Travala’s token, AVA, over 30%. Travala Extends Crypto’s Reach in the Travel Sector Travala, the crypto-friendly hotel aggregator, has now formed a partnership with Expedia, allowing its customers to use crypto to pay for bookings at around 700,000…

Investing in Basic Attention Token: Betting Against Facebook and Google

Share this article Investing in the Basic Attention Token (BAT) is putting your money into a new, better way to advertise online that takes direct aim at Facebook and Google’s business models. How to Look at Investing in the Brave Browser  The strongest arguments against investing in BAT are that it’s a utility token for the Brave browser with no organic demand.  The first argument essentially says investing is a bad idea because you, as a holder, are not entitled to profits from the company that produced the token⁠. You’re…

What’s Fueling DeFi Token Compound’s Powerful 20% Intraday Rally

One of the crypto market’s hottest DeFi tokens, Compound (COMP) has gone on an over 20% intraday rally. Meanwhile, the rest of the market is seeing red due to overall Bitcoin weakness. What’s causing Compound to stand out and surge while the rest of the crypto market tanks? Compound Becomes Breakout Superstar in Already Red Hot DeFi Space The cryptocurrency known as Compound has had an incredible ride over the last month. Decentralized finance along with crypto Twitter hashtag emoji, are all the rage right now. The former of the…