Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.30 on June 22, the price of ALPHA has rallied 196% to a monthly high at $0.89 on July 6 as its 24-hour volume spiked 433% to $293 million. Reasons for the building momentum for ALPHA include protocol improvements to Alpha Homora V2, the launch of …

A blockchain-based platform says that it is the pioneer of DeFi gaming — and is vowing to offer an experience that’s comparable to the mainstream world of consoles. Night Life Crypto says the blockchain gaming sector is lacking in what it provides to players, and claims many of the NFT-based trading card games that have popped up fail to deliver what consumers are used to: Platform and arcade games. To solve this, the project is creating an on-chain only, AAA-type game where users can unlock achievements and get rewarded with nonfungible tokens. These NFTs can be collected and exchanged for …

A new contest has been launched that gives participants the chance to get their hands on exceedingly rare nonfungible tokens — including a CryptoPunk and Bored Apes. Liquidifty.io says its latest collector contest also boasts works by Pak, XCOPY, Steven Baltay, x0r, Steve Aoki and a plethora of other talented artists. The top prize is CryptoPunk #6691, one of the 10,000 uniquely generated characters from the beloved series. This particular punk sports a front beard, earring, horned-rimmed glasses and a knitted cap — a proper hipster if ever there was one. A look at the transaction history for this NFT …

A DeFi platform says it offers the first artificial intelligence-powered yield farming aggregator that works across Binance Smart Chain and Solana. KingDeFi has adopted a medieval theme as it interacts with users, who are referred to as “knights.” The ecosystem wants to take the guesswork out of finding new and exciting opportunities in the decentralized finance space. Knights can provide liquidity and stake directly through the platform — and an intuitive monitoring function unlocks an at-a-glance insight into all of the major protocols operating on BSC and Solana. With one click, users can receive automatic suggestions on where the best …

A new project is bringing NFTs and DeFi together to build a launchpad that will help creative artists and inventors tokenize their intellectual property and raise funds on a single platform. Built on the Binance Smart Chain, LEXIT’s platform does more than just turn works of art, music, books, video, collectibles, games, source code and inventions — any copyrighted or patented intellectual property — into nonfungible tokens. It also brings in decentralized finance (DeFi) to make those NFTs available to anyone via DeFi liquidity pools, LEXIT CEO Amir Kaltak and CBO Katia Zaitsev explained on a Cointelegraph AMA on May …

Another decentralized finance protocol was subject to a major exploit on Friday after $7.2 million was drained from BurgerSwap on Binance Smart Chain. Varying amounts of seven different cryptocurrencies were stolen amid the attack, including $3.2 million worth of BURGER tokens, $1.6 million worth of Wrapped BNB (WBNB) and $1.4 million worth of Tether (USDT). The funds were still being sold off at the time of publication. BurgerSwap launched in late 2020 as what was thought to be a clone of the Uniswap decentralized exchange. However, a post-mortem into the exploit revealed that the omission of a crucial line of …

Cryptocurrency and blockchain intelligence company CipherTrace has announced analytics support for Binance Smart Chain (BSC) amid a rise in attacks and vulnerabilities on protocols running on the network. In an announcement on May 27, the firm stated that it aims to identify higher-risk financial transactions taking place on BSC and its decentralized applications which now number more than 600. CipherTrace already tracks the activity of over a thousand digital assets. Dave Jevans, CEO of CipherTrace, stated that once support for a blockchain is added, the firm can add analytics for all applications built on that network. The inclusion of CipherTrace’s …

Bitcoin’s (BTC) institutional adoption shows no signs of slowing down. This week Latin America’s largest e-commerce company, Mercado Libre, disclosed that it had purchased $7.8 million worth of Bitcoin as part of its treasury strategy. Mercado Libre was not only in this decision, as Metromile Inc., a Nasdaq-listed digital insurer also said it plans to buy $10 million worth of Bitcoin in the second quarter of this year. Additionally, Metromile will soon start accepting premiums and paying out insurance claims in Bitcoin. Data from Glassnode suggests that investors who purchased Bitcoin in late 2020 are HODLing their positions. This shows …

Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum network continue to deal with wild fluctuations in gas fees and transaction times, several that operate on Binance Smart Chain (BSC) have seen an uptick in protocol activity and token value over the past week. Three projects on BSC that have seen increases in trading volume, price …

A new credit card has been directly linked to a DeFi farming project for the first time — all while delivering instant crypto-to-fiat conversions and no need for pre-funding. The ZCore Finance Card is initially being released in Brazil, and is set to be rolled out globally in the third quarter of 2021. Users can farm or purchase ZEFI tokens and transfer them over to the card at zero cost, and several trading pairs on Binance Smart Chain are supported for those who are interested in staking. As an alternative, cards can also be recharged with a selection of third-party …

PancakeSwap, a syrupy rabbit-themed decentralized exchange that calls the Binance Smart Chain its home, has surpassed the entire Ethereum network in terms of transaction volume over a 24-hour period. Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over 6 million transactions, with roughly 20% of them occurring over the same 24-hour stretch. The top five contributors were PancakeSwap, Mdex, Safemoon, PancakeBunny and Venus Protocol, Binance Chain Community confirmed earlier this week. Top 5 Txs contributors 1. @PancakeSwap 2. @Mdextech 3. @safemoon 4. @PancakeBunnyFin …

Cross-chain asset bridge and application hub ChainSwap has closed a $3-million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry. In an announcement on Wednesday, ChainSwap stated that it had raised the funds in order to accelerate its vision of creating a multi-chain and multi-asset application hub. Participants included some big names in crypto and decentralized finance, such as Alameda Research, OKEx’s venture arm Block Dream Fund, NGC Ventures, Spark Digital Capital, Metaconstant Ventures, CMS Holdings, Rarestone Captial, SRC Capital, DAO Ventures and a number of others. The ChainSwap platform allows …