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Tom Lee on Bitcoin’s rise, Cryptopia enters liquidation phase and more

Jibin M George

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Crypto News – 16 May

Bank of America gets trolled: After BOA’s CTO claimed that it had found no use cases for blockchain in the financial sector, Twitterverse trolled the bank after Anthony Pompliano pointed out Bank of America’s blockchain patents

Read more at https://bit.ly/2VvTiT4

Cred’s new collaboration: Tron partner, Cred, announced its unofficial collaboration with BlockFi and Salt lending to take on the ‘JPMorgans of the world’

Read more at https://bit.ly/2HqUxPX

Louis Vuitton enters blockchain space: Consensys has initiated a partnership with LVMH group and Microsoft to develop a blockchain-based platform named AURA

Read more at https://bit.ly/2LQ4pqu

Adam Back on reorgs: Blockstream’s Adam Back is in the news after he claimed that reorgs can be implemented only with significant side effects

Read more at https://bit.ly/2EfRcRz

Opera supports TRON: Opera browser launched support for TRON Tokens on its platform

Read more at https://bit.ly/2YxyEUu

Weiss Ratings on Facebook Coin: Weiss Ratings slammed Facebook Coin, notably pointing out Facebook’s absence in DLT discussions

Read more at https://bit.ly/2EcqoS9



Latest Cryptopia update: In a recent update, Cryptopia asked users to stop depositing funds

Read more at https://bit.ly/2w3MqSS





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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