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Binance Smart Chain announced its exclusive Binance Evolution Protocol, BEP-95, that will facilitate a real-time burning mechanism on the BSC network, which according to the firm will make BSC more decentralized by radically escalating the burning speed of BNB.
The BEP-95 real-time burning system will be limited to the activity on the BSC network, and it will continue to decrease the BNB supply, even after achieving the target supply of 100m BNB in circulation, which in turn will hike BNB value due to higher demand. However, the Press Release specified that the upgrade is still in the drafting stage.
“The BSC network can speed up the BNB burning process and improve its intrinsic value by burning a portion of gas fees. The BNB holders will decide how to dispatch the BSC gas reward. While implementing this BEP might decrease the total amount of BNB that validators and delegators receive from staking, the fiat-denominated value of their rewards may increase. This burning mechanism would further reduce BNB supply; thus, increasing demand would drive the BNB value higher.”
BEP-95 Validators’ burnRatio
The exchange platform noted that each block will burn a fixed ratio of the gas fee collected by the validators, and the burning ratio will also be adjustable through governance. The burning ratio governance parameters will be mentioned in the ValidatorSet Contract. This means that at the end of each block, the Validator will be required to sign a transaction to bring forth the deposit function of the contract to further transfer the gas fee. The initially proposed burn ratio is 10 percent.
Furthermore, Binance mentioned that the process to change the burnRatio will be determined through a democratic proposal and vote system by BSC Validators based on their voting power (staked BNB). Every community member will have the opportunity to propose a change in the parameters, and the implementation will occur post a minimum deposit of 2,000 BNB on the mainnet.
“This will allow the validators to vote on the proposal; all BNB is returned after the proposal has been voted on. The BSC validators can vote “for” or “against” based on their voting power.”
The post Binance latest BEP-95 upgrade introduces a real-time token burning mechanism appeared first on Coingape.


Binance Smart Chain announced its exclusive Binance Evolution Protocol, BEP-95, that will facilitate a real-time burning mechanism on the BSC network, which according to the firm will make BSC more decentralized by radically escalating the burning speed of BNB. The BEP-95 real-time burning system...

coingape.com

Binance latest BEP-95 upgrade introduces a real-time token burning mechanism

The Governing Council of the Hedera Hashgraph recently announced an allocation of 10.7 billion HBAR, the network’s native token that is used to fund the expansion and development of its ecosystem.
At the time of the announcement, the amount allocated for the special fund was worth 20% of the total token supply at about USD 4.5 billion. This brings great enthusiasm into the HABR ecosystem as analysts expect DeFi, NFTs, iGaming, and CBDCs on Hedera.
Another notable and positive announcement for the HBAR token is the launch of USDC stablecoin as the first stablecoin on the Hedera proof of stake blockchain network. The addition of USDC to the Hedera ecosystem implies the ease of deploying DeFi applications on the network.
Read on as we draw insights from the technical charts of the HBARBTC and HBARUSDT on multiple time frames.
Hedera Hashgraph HBARBTC Weekly Chart Analysis

Paired against Bitcoin BTC, the HBAR continues to maintain a bullish outlook with the RSI surging beyond level-75 and continues to trade above level-25 since the first breakout of the bearish divergence trend line on 08 March ’21.
Bitcoin BTC shows strength against the HBAR at press time, however, all of that could change as the HBARBTC price chart hovers above the 21 June ’21 support line and may likely trigger a second hidden bullish divergence for a price recoil to the upside.
Hedera Hashgrap HBAR Weekly Chart Analysis

An overhead view of the HBARUSDT from the weekly time frame shows massive demand for the HBAR crypto-asset as the price chart trades in an expanding channel formed by bearish divergence on 15 March ’21 and bullish divergence on 21 June ’21.
A rather recent bullish divergence is in the works at press time and we may soon see a price surge beyond the 15 March previous all-time high.
Hedera Hashgraph HBAR Daily Chart Analysis

The above annotated daily chart reveals a series of hidden bullish divergence patterns that also confirms the price floors for the weekly time frame with significant support levels on 21 September and 12 October ’21. These support levels were established by hidden bullish divergence, bear-trap candlestick patterns, and hidden bullish inside-bar candlestick patterns.
A breakout beyond the 04 October ’21 resistance is very possible considering that the HBARUSDT trades within a symmetrical triangle.
Conversely, a breakdown below the $0.32 support shows bearish sentiment and new lows to come.
Hedera Hashgraph HBAR 4HR Chart Analysis

At an intraday level, the HBARUSDT is set to skyrocket as the HBAR price breaks above the $0.3572 bearish inside-bar resistance while also signaling a hidden bullish divergence on 18 October 04:00.
A breakdown below the $0.32 support level would trigger a bearish scenario and lower price targets for short-sellers.
Hedera Hashgraph HBAR Intraday Levels

Spot rate: 0.3665
Mid–Term Trend [H4]: Bullish
Volatility: High
Support: $0.3200, $0.3411, and $0.3572
Resistance: $0.400

The post Hedera Hashgraph HBAR Price Analysis: HBAR Finds Support Across Three Major Time Frames and Increase in Demand vs. BTC appeared first on Coingape.


The Governing Council of the Hedera Hashgraph recently announced an allocation of 10.7 billion HBAR, the network&#8217;s native token that is used to fund the expansion and development of its ecosystem. At the time of the announcement, the amount allocated for the special fund was worth 20% of th...

Hedera Hashgraph HBAR Price Analysis: HBAR Finds Support Across Three Major Time Frames and Increase in Demand vs. BTC

During the first week of September, the Wormhole Network’s ethereum  solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the token and NFT bridge platform.
Wormhole Now Connects Solana to Binance Smart Chain
The crypto asset solana (SOL) has propelled its way to the top seventh position, in terms of market valuation, among 10,000+ digital assets in existence. Now, year-to-date, SOL has gained 5,987% but during the last 30 days, SOL is down close to 18% on October 11. Much like Ethereum, Solana’s protocol is used for decentralized finance (defi) and there’s a myriad of defi platforms built specifically for the Solana network.

1/ We're excited to announce support for @BinanceChain on the Wormhole network! Starting today, users will be able to seamlessly bridge both tokens and NFTs across the ETH, SOL, and BSC ecosystems!
— Wormhole (@wormholecrypto) October 11, 2021

One specific project leveraged by a number of SOL users is the Wormhole Network, which has recently surpassed $200 million total value locked (TVL). As discussed in a recent article by Bitcoin.com News, cross-chain bridge technology has grown exponentially in recent months. 
Moreover, metrics recorded this week by Dune Analytics show TVL across a myriad of bridges has swelled to over $14 billion. The Wormhole Network allows users to leverage ethereum  solana swaps at any time and now users can connect to the Binance Smart Chain in the same fashion.

Cross-Chain Use Cases Across 3 Vibrant Blockchains
Data shows that the Binance Smart Chain (BSC) is a popular defi blockchain that connects with a number of other networks. The BSC Anyswap Bridge is one connection that is utilized to leverage cross-chain technology. Last month, the BSC chain did about ten times the number of transactions settled on the Ethereum chain last month.
The connection with the Wormhole Network will allow users to access the vast BSC ecosystem, the project’s announcement sent to Bitcoin.com News details. Wormhole adds that implementing support for the BSC protocol will allow users to:

Avoid double wrapping as tokens are able to retain their original mint.
Connect creators and artists through its multi-directional highway to move NFTs and wrapped assets cross-chain between participating ecosystems.
Allowing for cross-chain governance, liquid staking tokens, and access to oracle data across the three chains with $172B in TVL.

While $200 million is an increase for the Wormhole Network (WN) bridge, it pales in size to the Polygon Bridges which capture $4.5 billion TVL today, and Fantom Anyswap Bridge’s $4.2 billion. In fact, bridges stemming from Avalanche, Arbitrum, Optimism, and Zksync also have larger TVLs than the WN bridge.
What do you think about the Wormhole Network implementing Binance Smart Chain support? Let us know what you think about this subject in the comments section below.



























During the first week of September, the Wormhole Network&#x2019;s ethereum &#x2194; solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team r...

news.bitcoin.com

Wormhole Adds Binance Smart Chain Support to Network Bridge

In the DeFi and Yield Farming ecosystem, Yearn Finance now adds support for the Fantom Network, owing to its low cost and speed. Yearn Finance, which started as an automated Yield aggregator that offers users the highest yields for their assets on the Ethereum ecosystem, now offers multichain support with the Fantom ecosystem as a major milestone. 
By switching their network from Ethereum to Fantom on the Web3 wallet, users can start interacting with the four Fantom-based Vaults on Yearn, which include: USD Coin, Fantom, DAI, and the Magic Internet Money [MIM] stablecoin.
In addition to the Yearn Vaults, the joint Iron Bank venture between Yearn and C.R.E.A.M a lending and borrowing platform also launces on Fantom. Insights from FTM Scan reveal a growing number of unique addresses from 1,500 in April to 854,284 at the time of this report. 
 As popular DeFi applications such as Curve Finance, Yearn Finance, Sushiswap, and Ren join the Fantom Network, analysts speculate on new gains for the FTM token. Let’s dive into the price charts of the FTMUSDT, starting from the weekly overview, and wrap things up on the 4HR time frame.
Fantom (FTM) Weekly Chart Analysis

This week the Fantom (FTM) price sets a new all-time high at 2.4410, after a sudden price surge above the 1.940 resistance. An earlier breakout of the bearish divergence trend line on the RSI sent the price of the FTMUSDT into a bullish trajectory by roughly 551% from the breakout point.
Read More: Fantom [FTM] Review and FTM Price Prediction 2021
Fantom (FTM) Daily Chart Analysis

Looking at the daily time frame, the RSI[4] fired up the uptrend after breaching level-75, and it has not reached level-25 ever since the breakout on 31 July ’21. Massive demand for the FTM token forced the FTMUSDT above the 1.94 resistance and we expect a further hike in the FTMUSDT as the crypto pair enters price discovery.
Fantom (FTM) 4HR Chart Analysis

A sudden price burst above the 1.524 resistance drew in more buying power for the FTM token as the price enters overbought territory on the 4HR time frame.
We anticipate a price pull-back from the current highs and look to resume the upbeat campaign if the RSI drops below level-75.
Although the upward momentum could still persist on the intraday levels, traders are urged to watch out for an impending bearish divergence on the weekly time frame.
Fantom (FTM) Intraday Levels

Spot rate: 2.260
Mid–Term Trend [H4]: Bullish
Volatility: High
Support: $1.5240 and $1.2876
Resistance: $2.441

The post FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence appeared first on Coingape.


In the DeFi and Yield Farming ecosystem, Yearn Finance now adds support for the Fantom Network, owing to its low cost and speed. Yearn Finance, which started as an automated Yield aggregator that offers users the highest yields for their assets on the Ethereum ecosystem, now offers multichain sup...

FTM Price Analysis: Fantom (FTM) Token Skyrockets into New Highs, Weekly Chart Hints Bearish Divergence

The digital P2P payments giant, MoneyGram International, Inc. announced a partnership with Ripple’s competitor, Stellar Development Foundation, a non-profit organization that supports the development of Stellar, an open-source public blockchain network facilitating cross-border transactions. Earlier this year, Ripple and MoneyGram wound down their partnership as MoneyGram suspended trading on Ripple’s platform in lieu of the ongoing XRP lawsuit.
Bridge the Fiat to Virtual Currency Gap
MoneyGram and Stellar blockchain’s exclusive partnership will delegate cash funding and payout for its consumers, in several local currencies, which extends from Dollar to Yen. This means that the collaboration is aimed at bridging the gap between crypto-assets and fiat currency, and further making the virtual currency more accessible.
“You can bring in your cash into a MoneyGram location and bring it onto the blockchain, and you don’t have to have a bank account to do that…And the same is true if you don’t have a bank account to pull your assets off of the blockchain like Stellar. [Now] you can do that by going into a MoneyGram location and picking up your cash there.”, said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation.
First of a Kind Direct USDC to USD settlement
The funding and pay-out process will be facilitated through the world’s fastest-growing dollar digital currency, Circle’s USD Coin (USDC). The companies claim to run a hassle-free conversion service of USDC to cash, and cash to USDC.
The network aims to accommodate near-instant backend settlements, enabling an accelerated collection of funds, improved efficiency, and reduced risk. Furthermore, this will be the first of a kind direct USDC to USD settlement within a bank’s regulatory framework, with the United Texas Bank serving as the settlement bank.
“As crypto and digital currencies rise in prominence, we’re especially optimistic about the potential of stablecoins as a method to streamline cross-border payments. Given our expertise in global payments, blockchain, and compliance, we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies.”, said Alex Holmes, MoneyGram Chairman, and CEO.
The post Ripple’s former partner announces exclusive collaboration with Rival Token appeared first on Coingape.


The digital P2P payments giant, MoneyGram International, Inc. announced a partnership with Ripple’s competitor, Stellar Development Foundation, a non-profit organization that supports the development of Stellar, an open-source public blockchain network facilitating cross-border transactions. Earl...

Bancor Network Token price	$4.24
Low - High 24H	$4.09 - $4.26
Market cap	$984.55M
Volume 24H	$57.14M
All time high	$10.72 -60.40% January 9th 2018
All time low	$0.120935 3408.37% March 13th 2020
Genesis date	N/A

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