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Binance Chain Launch Sees Developers and Entrepreneurs Reconsidering Ethereum

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Last week, Binance announced the launch of Binance Chain, its native Blockchain platform that will facilitate the issuing, exchanging, and usage of digital assets. Apart from the fact that Binance Chain opens a new world of possibilities for cryptocurrency projects, the BEPs protocol on Binance Chain also shows some significant difference Ethereum’s ERC-20 protocol that currently dominates the crypto space. 


For instance, the BEP2 standard makes it possible to issue crypto tokens that can be pegged to any other altcoin as opposed to the current standards that only pegs tokens against ETH or BTC. The Binance chain also includes other features such as minting, burning, transferring or freezing tokens.

Below is a list of existing projects that have migrated to the Binance Chain since its launch:

  • BNB
  • NOW
  • MITH
  • PHX
  • AWC

Binance Coin (BNB)

It goes without saying or special expectation that Binance Coin (BNB) has been migrated from Ethereum to the Binance chain as the native cryptocurrency on the platform. Binance Coin on Binance Chain will serve the same purpose that Ethereum serves on Ethereum network to pay for network transactions among other things.

BNB tokens, originally an Ethereum-based ERC-20 token is now being migrated to become a BEP2 token powered by the Binance chain. People who currently own ERC20 BNB coins are expected to send the ERC20 tokens to a new Binance Chain deposit address. Binance with then convert their ERC20 tokens to the new BEP tokens automatically.

Last week, Binance announced that it has burned 5 million ERC20 tokens and allocated native BEP2 tokens to wallets on Binance Chain. The old BNB ERC20 tokens were burned to manage supply on both Ethereum and Binance networks. However, trading of BNB on Binance Chain won’t start until the first batch of BNB has been converted and there enough liquidity to support trades.

ChangeNow (NOW)

ChangeNow, a cryptocurrency exchange that facilitates the anonymous exchange of tokens has announced that its NOW token will now be issued on Binance Chain and that it will be listed on Binance DEX. ChangeNow choose Binance Chain because it offers a strategic advantage that complements how ChangeNow facilitates token swaps without charging transaction fees.

ChangeNow went for a hybrid arrangement, leaving half of their tokens on the Ethereum blockchain, while moving the other half onto the Binance Chain. ChangeNow will allow its holders to burn their ERC-20 tokens, and exchange them for a BEP2 compliant version for the foreseeable future.

Binance’s founder and CEO, Changpeng Zhao has also expressed his support for having the NOW token clinching the title of the first token to be listed on Binance DEX.

CZ also commented on ChangeNOW being the first to issue their token on their chain, the true decentralized way:

Mithril (MITH)

Mithril (MITH) is also migrating to Binance Chain. Mithril is a decentralized social media platform that rewards people for creating content though an ecosystem where content creators and curators are reward with MITH tokens. In a blog post published last week, Mithril revealed that it is migrating its project to the Binance chain to provide its users with an opportunity to experience the security, intuitive user interface, and speed of the Binance DEX platform.

Mithril notes that “Binance Chain’s focus on usability, security, along with the incredible speed of one-second block times, made migrating to the Binance Chain an important strategic initiative for us this quarter.”

Deposits and withdrawals of MITH tokens on Binance exchange will be suspended for the 12-hour during which the migration will be initiated. Afterwards, users can withdraw their MITH tokens to BEP2 compliant wallets as a precursor to trading the coins on Binance DEX.

Red Pulse Phoenix [PHX]

Red Pulse Phoenix [PHX] has also announced that it is migrating a major portion of its token ecosystem to the Binance Chain. Red Pulse Phoenix is both a platform that connects researchers with report-consumers as well as a token for managing IP protecting, Proof of creation, and Proof of Ownership among other things.

As part of the migration, Red Pulse Phoenix will launch a new BEP2 token with ticker PHB for the Binance Chain ecosystem. It also plans to eventually migrate its NEP-5 PHX tokens to BEP2 PHB tokens. The old PHX tokens will continue to be tradeable on Binance.com pending the migration and the new BEP-2 PHB tokens will be traded on both Binance.com and the Binance DEX.

Binance users who currently hold PHX on Binance.com can expect that their PHX tokens will be migrated to PHB and the total token circulating supply of PHX + PHB will remain the same in line with Red Pulse’s original tokenomics for market-driven trading price and market capitalization.

Atomic Wallet (AWC)

Atomic, a multi-asset non-custodial wallet that implements cross-chain Atomic Swaps across 20 Blockchains and tokens has been announced as now of the very first projects that will be migrated to the Binance Chain.

Atomic has revealed that its upcoming Atomic Wallet will provide full support for Binance Chain and BNB Coin while its AWC token will be listed on Binance DEX. However, Atomic will keep its current ERC-20 AWC tokens while maintaining the new AWC token powered by Binance’s BEP2 protocol. To manage the tokenomics, Atomic will burn 50 million AWC ERC-20 tokens representing 50% of its current total supply on Ethereum.

Interestingly, users will be able to swap between both the ERC-20 powered AWC tokens and the BEP2 AWC tokens.

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The Best Bitcoin Casino Bonuses 2019 | Sign Up, No Deposit, 150% Bonus & More

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The Best Bitcoin Casino Bonuses 2019 | Find the Best Casino Bonuses: Sign Up, No Deposit, 150% Deposit Bonus & More!

You can get at least 1 BTC in bonuses with your deposits

Best Bitcoin Casino Bonus 2019

The Best Bitcoin Casino Bonuses 2019

You might not know it, but online casinos love players who use bitcoins. That’s why we cryptocurrency folks get bigger and better bonuses than players who play with old-school fiat currencies.

We get these better bonuses because accepting credit card (deposits or even debit card or Neteller or Skrill) is a big, expensive hassle for casinos. Bitcoin deposits, on the other hand, cost next to nothing and are simple for everybody involved.

As a Bitcoin player, you can easily get deposit bonuses up to 1 bitcoin per deposit. These kinds of sums are amazing when you consider that typical fiat-money bonuses are much smaller. For example at BitStarz you get nearly 20x(!) bigger bonus with BTC than you would with fiat money.

These bonuses match your deposit with a certain percentage, which usually is 100%. So deposit 100 mBTC to get 1 mBTC bonus for example. The extra money might not be all you get, as some casinos sweeten the deal by handing you free spins on top of your deposit bonuses, like the good folks at FortuneJack.

So in short, you can expect to get a lot of free bonus money when you deposit with bitcoin. The only exception are betting sites, which sometimes offer free bets instead of deposit bonuses.

Top Bitcoin Casino Deposit Bonus 2019

Top Bitcoin Casino Bonus 2019

What Types Of Bonuses Are Offered? How Do They Work?

Welcome Bonus

Welcome Bonus

Welcome Bonus

The one bonus almost every casino offers is a welcome bonus. This is a bonus given to new players when they first register with the casino. It is a great way for the casino to start off on the right foot with their patrons and for them to show their appreciation. It is also a good way for new players to test out games and see which ones they enjoy the most.

How do they work? First, log into your casino account. Then, while you are making your first Bitcoin deposit, you will be able to redeem a bonus code. After redeeming the code, you can collect the bonus and being to meet the wagering requirements so you can eventually withdraw.

Deposit Bonus

Deposit Bonus

Deposit Bonus

Most online casinos offer a deposit bonus.

This is a type of bonus that players receive after depositing Bitcoin into the casino as a show of gratitude. For instance, if you make a deposit of $10, the casino might match that ten, essentially giving you $10 worth of bonus cash.

A deposit bonus will typically have a set percentage. If a casino offers 100% match bonus, they will match the whole value of the deposit. However, they will almost always have a cap. Other casinos may offer a 75% match bonus or a 50% match bonus, or even a %200 match bonus.

Bet and Get

Bitcoin Bonus

Bitcoin Bonus

This is another promotion you will come across, especially in online casinos that offer online sports betting. If you make a $20 sporting or online bet, the casino might give you $10 to use at the casino’s other games.

However this type of bonus can get even more generous sometimes offering offers more in the play/spend $10 get $50 in bonus chips.

As customers, and regulators, get less and less keen on wagering requirements this type of bonus makes more sense and we expect to see more of them coming in over the next 6-12 months.

Free Spins

Free Spins

Free Spins

Free spin bonuses are a popular promotion geared toward slot games. A lot of times you will see the free spin bonus show up as part of a welcoming package.

For example, a casino might offer a welcome bonus when a new player signs up where they give a deposit bonus plus 100 free spins. Some casinos give a free spin bonus to players when they register for the website, even if they do not make a deposit.

Typically, free spins only work on slot games. Sometimes, the free spins also work on other games. The terms and conditions of the given promotion will tell you what games are included in the free spins.

Free Bonus

No Deposit Bonus

No Deposit Bonus

A free cash bonus is a chance to play without actually risking any of your money. A casino might offer $20 of free money to new members when they first register. Casinos will also give free bonuses to existing customers as a way to incentivize them and gain their loyalty. Free no deposit bonuses are attractive to players because they get the chance to win real money without having to put any of their own money on the line.

The free play bonus is another common bonus you will see. This bonus is similar to a free cash bonus, but the bonus is time-restricted. For example, a casino might provide the customer $50 of free play, but once the bonus is claimed, the customer might only have an hour to play with the free cash. Once the hour is up, you can exchange your winnings for a smaller percentage of real money. You will see this type of bonus both as a welcoming bonus and as a loyalty bonus.

Wagering Requirements & Casino Bonuses

All Bitcoin casino bonus offers and deals will have wagering requirements attached. It’s important you understand them before you get started…

What are they? Simply put a wagering requirement is a condition attached to any bonus which stipulates a number of bets (or wagers) you must place before you can withdraw your bonus/winnings.

So if the casino gives you $2,000 bonus and attaches a 35x wagering requirement, you would need to wager $70,000 before you can make a withdrawal of any winnings or bonus awarded.

Often times, a bonus will specify eligible games. If that is the case, you have to wager the money on those designated games for them to count toward the wagering requirement. If you forfeit the bonus, the initial bonus and any of the winnings that came from that bonus will be removed from your account. If there is a wagering criteria, you will have a set time period to meet the requirements of the terms and conditions or the bonus and winnings will automatically be forfeited.

Not all games contribute equally to the wagering requirement and this differs at different Bitcoin casinos. As an example: 100% of your wagers could contribute to the requirement when you play slot games and speciality games. The percentage might then be less for table games, video poker, blackjack roulette, and baccarat.

Certain games can even be excluded for wagering requirements so it’s important to familiarize yourself with the terms before you start playing. It is recommended to join one of the Provably Fair Bitcoin Casinos.

How Do Bitcoin Casino Bonuses Work?

Casino Bonuses

Casino Bonuses

Bitcoin casino bonuses work like regular online casino bonuses. There is a slight difference if the bonus is a deposit bonus. When you deposit Bitcoin into the casino, the coins are translated into a fiat amount. The fiat amount is what shows as your bonus amount.

Best Bitcoin Casino Bonuses 2018

Bitcoin-PR-Buzz-mBit-Casino-New-Design

mBit is different from other platforms represented here, as it offers sportsbooks alongside with casino products. Launched in 2014 by Direx N.V., mBit offers gambling with the help of Bitcoin, Litecoin, Dogecoin, Ethereum and Bitcoin Cash. It is licensed by Curacao, much like other platforms. You can register an account here without scanned ID to withdraw coins to your wallet.

Bonus

You have the largest bonus out of all four companies for your first ever deposit at mBit.

  • 200% up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE.
  • Second deposit, you have 50% for the same volume as first while third offers 25%
  • Accepts BTC, LTC, BCH, ETH, Doge

Join Now

BetChain

Bonuses:

  • 1st: 150% up to 1 BTC + 200 Free Spins
  • Total: 2.5 BTC + 200 Free Spins
  • No deposit: 20 Free Spins
  • Total with High Roller bonus: 5.25 BTC
  • ETH, LTC, DOGE and BCH bonuses available

Join Now

fortunejack.jpg

Join Now

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The promotion section of the company offers bonuses for first and several other deposits made in fiat money and bitcoins.The service is similar to what others, like Fortune Jack, mBit,andBitcasino, offer. The following bonus program is currently available to you:

  • first deposit: 100% up to 1 BTC + 180 free spins
  • second deposit: 50% up to 1 BTC
  • third deposit: 50% up to 2 BTC
  • forth deposit: 100% up to 1 BTC
  • individual game bonuses: double more wins on Rookie
  • simple sign-up bonus: 20 free spins with no deposit required

Join Now


Best No Deposit Bonuses

shutterstock_153524129

shutterstock_153524129

Some Bitcoin casinos offer also bonuses, where you don’t have to deposit any Bitcoins to the site. This Bitcoin casino no deposit bonus is a good way of building your casino roll with no risk.

No deposit bonuses:

A Word To The Wise..Be Careful With New Platforms

With the growth of bitcoin network, so did the number of casinos turning out to be complete scams. Bonus promotions by new players in the market often seem to be “too good to be true”. Unfortunately, if you have that feeling when looking on new gambling platform, in most cases, you would be right. So, make sure to check out acouple of facts about the website before you decide to invest your funds:

  • gambling platform holds a license for its operations, issued by the governmental agency;
  • owners of the company are known to the general public, with clearly stated location of headquarters
  • proof of insurance of funds and/or cold storage of coins
  • customer reviews already available in the crypto communities.

New To Bitcoin? Check Out This Video by Mashable

[embedded content]

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shutterstock_1019110117 (1)

See: Top Casinos Reviews & Rankings

View: Official Guide: The 6 Best Bitcoin Casinos & Sportsbooks 2019

True Story: How This Regular Joe Made $10,000 Trying His Luck Playing the Top Bitcoin Casino Slots

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3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC during bull runs is not something that goes unnoticed — or unpunished.

Altcoins outperforming BTC

1. Bitcoin Cash (BCH)

Out of all the coins in the Bitcoin family, BCH has been one of the best performers ever since April 1st. It even managed to outperform BTC by nearly 25% during this time, which may come as a surprise, considering that this was a project whose update caused a second market crash back in November 2018.

However, this event, which also gave birth to Bitcoin SV (BSV) might be the very reason why BCH is outperforming BTC. Or, rather, BSV itself might be the reason. While BCH has been doing better than BTC, BSV has been outperforming BCH. In other words, the rivalry between the two, rather than the desire to get in line with Bitcoin, might be what fuels Bitcoin Cash’s great performance.

2. BitTorrent (BTT)

BitTorrent has been one of the best performers for a while now. The coin launched on January 28th on Binance Launchpad, and developed within the TRON ecosystem is still growing rapidly. In fact, it is rising through the ranks faster than any other cryptocurrency. Only a week ago, the coin was sitting at 40th spot, while it currently sits at 34th, and is threatening to fulfill Justin Sun’s promise of climbing up to top 20 in less than a month.

At the time of writing, the coin’s price is at $0.001317, with 28.71% growth against the USD in the last 24 hours, and 24.07% growth against BTC during the same period.

3. Chainlink (LINK)

Finally, there is Chainlink (LINK), which is currently 26th largest cryptocurrency by market cap. The coin currently has a price of $1.13, with 12.58% growth against the USD in the last 24 hours, as well as 11.65% growth against Bitcoin. The project is seeing a lot of hype due to the fact that its MainNet is expected to see a launch in less than ten days, on May 30th.

The MainNet will allow the coin to migrate to its own network, and create its own ecosystem, which is always followed by the celebration from the community, and hype regarding the project. Whether or not the launch and following token migration will go as planned still remains to be seen. For now, however, this is one of the top performing tokens in the market.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Skitterphoto from Pexels

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Ripple’s XRP Follows Up: $0.4100 Next as BTC Returns

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Despite the $1.300 plunge in just two days by Bitcoin BTC against the US Dollar reaching below to $7,000.00, the leader climbed its way back up quickly in the first hours of today’s market performance with the expected level tank of $8,000 in the initial clearing test. Per time of writing the number one ranked coin is increasing for 8.22% with a price of $7,947.33.

Drawing very parallel lines in the weekly pattern, for XRP/USD the resisting level is the important $0.4000 which it has already cleared with the 19th of May value jump. As cryptocurrencies are moving as one, the aforementioned action might have signaled opened gates even for BTC to overcome the next hurdle seeing many altcoins.

Recommended: Could Bitcoin (BTC) Scale Back Even Further? Analyst Thinks Crypto Needs To

Cryptocurrency Trading
Source: coinmarketcap
  • According to Coin Metrics – report released on the 16th of May: there are many differences and discrepancies in the parent company/creator of XRP and blockchain-concentrated startup Ripple escrow service report. Coin Metrics reports finding, “several important discrepancies between what was publicly reported by Ripple and what was visible on the XRP ledger.” [read more]

“Two quarterly markets reports under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices)
The “escrow queue” is implemented differently than announced, leading to a faster future release of escrowed funds compared to the announced schedule.”

  • With the unveiling of Binance’s whitepaper – there was a mention of “margin trading” presented as part of the “feature rollout”. However, the firm has not spoken about it. Following, a pseudonymous programmer going by enriquejr99 has highlighted that in the code found by the user, Binance has included two booleans named IsSpotTradingAllowed and isMargingTradingAllowed which were disabled. Changpeng Zhao, the chief executive of the exchange, came up to quell the rumors remarking that Binance’s attempts to “future proof” its “API framework” resulted in the margin trading booleans appearing. In a recent Reddit update, the user notes that nine pairs, including BTC-USDT, BNB-BTC, ETH-BTC, TRX-BTC, and XRP-BTC, have margin enabled.

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EOS (EOS) Price Initiating Break Above the Daily Range Bound

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The 5th greatest cryptocurrency by way of marketplace capitalization EOS (EOS) is returning the start of January losses because the pair EOS/USD is ultimate in to the most important $2.80 which relying at the status acted as a transparent supportive or resisting degree.

EOS

Source: coinmarketcap – Per time of writing

The fast soar upwards from$2.35 to $2.75 at the eighth of Feb was once a recreation changer for its marketplace efficiency. On the day by day development chart, virtually all main cash are experiencing a variety bounding motion which consistent with writing is simplest battled by way of EOS.

EOS Trading

– According to a press release on Jan. 24th, China introduced every other iteration of its government-sponsored rating device for the highest cryptocurrencies and their blockchains, as soon as once more hanging EOS on the head of the pack. Despite it being located 5th by way of m-cap counting $2.five bln, EOS was once in a position to carry the main spot within the rating listing drafted by way of China’s Center for Information and Industry Development (CCID) towards different cash that many see as cutting edge and era-changing.

Ethereum, 2nd by way of marketplace cap additionally held the dignity of the second one best possible rated blockchain by way of the federal government group, with XRP being positioned all of the manner within the 20th spot. ETH’s place stays unchanged from December.

EOS CTO Daniel Larimer mentioned in an interview with Colins Talks Crypto

“Decentralization isn’t what we’re after…What we’re after is anti-censorship and robustness towards being close down.”

– A couple of days in the past, blockchain tasks like EOS, NEO and TRON which apply a leader-based consensus fashion and sacrifice decentralization for pace, took an immediate hit from the founding father of Ethereum [the crypto considered the pioneer to the smart contract concept] Vitalik Buterin who referred to as the cash pile of trash that make a large factor out in their trx quantity:

“When a blockchain project claims ‘We can do 3,500 TPS because we have a different algorithm,’ what we really mean is ‘We are a centralized pile of trash because we only have 7 nodes running the entire thing.’”

According to Buterin, there are just right, authentic techniques to make a blockchain rapid by way of running on layer one and layer two scaling answers.

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Binance Chain Decentralize Exchange Testnet Will Launch Next Week

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CEO of Binance, Changpeng Zhao, has printed that the corporate is focused on February 20th as a liberate date for its decentralized change’s testnet.


Binance Chain Testnet Coming Next Week

Binance Chain, the decentralized change (DEX) of Binance, goals to release its testnet to the general public on February 20th. That’s what the corporate’s CEO mentioned in a tweet previous nowadays.

Finally were given a date. Targeting to liberate Binance Chain testnet (https://twitter.com/binance_dex) for public trying out on Feb 20th. This is a testnet, your comments can be most useful.

The corporate additionally mentioned that Binance Chain will offer support for {hardware} wallets right away after it’s introduced. Prior to opening the testnet for the general public, Binance launched it to their companions, revealing support for Ledger wallets.

As Bitcoinist reported, the corporate will fee a sum ‘close’ to $100,000 for record new cash at the DEX. Additionally, Binance could have numerous affect over the community at first, making it ‘more centralized’ in comparison to others.

Zhao mentioned in a are living AMA that the testnet will first of all start with 11 validator nodes and that they’re going to be in search of “guys who can run very fast validators”, making them more likely to be decided on during the corporate’s shut companions.

Binance Coin Up 60 Percent on The Month

At the similar time, Binance Coin (BNB) 00, has surged over the last month, gaining round 60 % of its price.

In truth, the day gone by, on February 11th, BNB hit its absolute all-time top (ATH) price buying and selling in opposition to BTC.

Besides the inside track of the approaching testnet of Binance Chain, the corporate concluded a scheduled BNB burn in mid-January, which noticed 1,623,818 BNB taken out of the cryptocurrency’s provide. At the time of the burn, the buck price of the tokens used to be about $9.four million.

Earlier in February, Binance Coin crawled up in positions and is recently the 10th largest cryptocurrency through marketplace capitalization.

What do you recall to mind the testnet release of Binance Chain? Don’t hesitate to tell us within the feedback under!


Images courtesy of Shutterstock, coinmarketcap.com

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