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Crypto Market Update for 20 July 2020: BAND, LEND, LINK, and SNX

Crypto News Tips by Crypto News Tips
July 20, 2020
in Regulation
0
Crypto Market Update for 16 May 2020: Bitcoin, Ethereum, XRP, and Chainlink

This article provides an overview of how Aave (LEND), Band Protocol (BAND), Chainlink (LINK), and Synthetix (SNX) have been performing over the past 24-hour period, covers recent news that might have affected their prices (or might do so in the future), and looks at interesting observations about these digital assets from prominent members of the crypto community.

To give you a rough idea of how well the crypto markets are doing today, 13 out of the top 20 cryptoassets (by market cap) are currently in the green (i.e. up against USD).

All market data used in this article was taken from CryptoCompare around 14:00 UTC on 20 July 2020.

Aave (LEND)

LEND is currently trading at $0.3113, down 6.44% (against USD) in the past 24-hour period:

Recent announcements:

  • July 15: Aave sells $3 million worth of LEND tokens to crypto funds Three Arrows Capital and Framework Ventures.

Aave looks forward to working with 3 Arrows Capital and @hiFramework on our path toward decentralization, including new tokenomics, protocol governance, and insurance fund staking to bolster the protocol’s strength in the event of deficits.

Read more: https://t.co/inLe9XxJDx

— Aave (@AaveAave) July 15, 2020

  • July 16: Added support for Enjin Coin (ENJ).

Enjin Coin has been added to the @AaveAave Protocol! 👻

You can now earn interest on your #ENJ as other users borrow your coins—all controlled by immutable, transparent #Ethereum smart contracts with price feeds secured by @Chainlink‘s oracle.https://t.co/hwiDCetvPP#DeFi pic.twitter.com/4vprUZQB7N

— Enjin (@enjin) July 16, 2020

  • July 16: Aave now supports SNX as collateral.

Band Protocol (BAND)

BAND is currently trading at $4.175, up 27.13% (against USD) in the past 24-hour period:

24 Hour CC Chart for BAND-USD on 20 July 2020.png

Recent announcements:

  • July 14: Neutrino, the leading decentralized finance (DeFi) app on Waves, integrates with Band Protocol.

1/ 🔷 @Neutrino_proto, the leading DeFi application built on @WavesProtocol, integrates $BAND oracles to provide secure price feeds for collateral assets for stablecoin minting & liquidation protocols.https://t.co/IAh5qFllIh

— Band Protocol (@BandProtocol) July 14, 2020

  • July 17: Decentralized gaming platform BetProtocol announces that it has integrated with Band Protocol.

1/ 🎲 @BetProtocol, one of the leading betting protocols for over 12+ operators, has strategically partnered and integrated with Band Protocol to provide reliable oracles for premium sports and Esports data.https://t.co/LSd7AUzpGH

— Band Protocol (@BandProtocol) July 17, 2020

Chainlink (LINK)

LINK is currently trading at $7.827, down 0.23% (against USD) in the past 24-hour period:


24 Hour CC Chart for LINK-USD on 20 July 2020.png

Recent announcements:

  • July 15: Ethereum Name Service (ENS) has integrated Chainlink’s ETH/USD Price Reference Data live on mainnet.

Popular decentralized domain name service @ensdomains is using #Chainlink‘s ETH/USD Price Reference Data live on mainnet. ENS uses Chainlink’s price oracle to calculate the amount of ETH needed to purchase USD-listed ENS domains. https://t.co/crfYirXpgP

— Chainlink – Official Channel (@chainlink) July 15, 2020

  • July 16: KardiaChain says that it will be using Chainlink to “obtain sporting outcomes and statistics” for its eSports Incentive Platform.

Blockchain platform @KardiaChain is onboarding #Chainlink as its recommended oracle solution. KardiaChain will start out using Chainlink to obtain sports data from LiveSports & other Vietnamese data providers to power its eSports prediction market. https://t.co/JZN65tdGYp

— Chainlink – Official Channel (@chainlink) July 16, 2020

  • July 16: Fusion says that it will be integrating Chainlink’s Price Reference Contracts.

The blockchain interoperability focused @FUSIONProtocol is integrating #Chainlink Price Reference Data to power cross-chain #DeFi applications. Chainlink oracles will also be used to validate key off-chain events when swapping assets on Fusion’s DCRM. https://t.co/4LjTD7Or2A

— Chainlink – Official Channel (@chainlink) July 16, 2020

Synthetix (SNX)

SNX is currently trading at $3.657, up 6.8% (against USD) in the past 24-hour period:

24 Hour CC Chart for SNX-USD on 20 July 2020.png

Recent announcements:

  • July 10: Adds support for four new cryptoassets — COMP, LEND, KNC, and REN — for binary options trading.

The Muscovite product release is now live! The biggest feature for this week is the addition of COMP, REN, KNC, and LEND on https://t.co/FDbOs9UadQ’s new binary options trading feature. There are already some markets live to start trading https://t.co/q4fjZXnE15 pic.twitter.com/DYnZwCvIcs

— Synthetix ⚔️ (@synthetix_io) July 10, 2020

  • July 12: Binance Research releases a report on Synthetix.

Synthetix is a protocol for issuing and trading synthetic assets, including cryptos, leveraged tokens, equities, and other real-world assets.

Read our updated report about @synthetix_io, now featuring @intotheblock powered statistics 👇 $SNXhttps://t.co/41v5wg0dGG

— Binance Research (@BinanceResearch) July 12, 2020

  • July 20: Completes an upgrade (Antares release) that improves the user experience for binary options trading on the Synthetix Exchange.

With the completion of the Antares release earlier today, traders can now create binary options markets once more.

Also, as outlined in the blog, there’s a number of other improvements on the binary options trading experience. https://t.co/FYwF6RSJZR

— Synthetix ⚔️ (@synthetix_io) July 20, 2020

 

Featured Image by “WorldSpectrum” via Pixabay.com


Credit: Source link

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