TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Binance token BNB gets Twitter emoji. Stefan Molyneux gets $100,000 in BCH donations. Tether reaches a $10 billion market cap. Decentralized exchange trading volumes grew 70% in June. Travala experiences record numbers as traveling resumes, and Cryptophyl adds support for SLP Tether.
Binance’s BNB Gets Twitter Emoji
— CZ Binance 🔶🔶🔶 (@cz_binance) July 1, 2020
BNB, the official token of Binance, became the third cryptocurrency to get a Twitter emoji, after Bitcoin and CRO (the token of the Crypto.com platform). Binance CEO Changpeng Zhao was the one who showed the use of the BNB emoji for the first time. The emoji was added after the typing #BNB or #BUSD (Binance’s US dollar-pegged stablecoin) showing the logo of the exchange. As with the last emoji added, there was no official statement from Twitter and no comments on the processes to give BNB an emoji.
Stefan Molyneux Gets $100,000 in BCH Donations
Stefan Molyneux, a prominent content creator banned from YouTube for allegedly violating its hate speech policies, received more than $100,000 dollars in Bitcoin Cash donations. The content creator had previously been de-platformed by PayPal and had his channel demonetized, so he had already posted several cryptocurrency addresses for people to donate to support his cause. Molyneux received four big transactions of 142, 99, 100, and 90 BCH on June 30th, the day after he was banned.
Tether Blasts $10 Billion Market Cap
Tether, the most important stablecoin in the crypto market, reached yet another milestone as the first stablecoin with a market cap of $10 billion, having tokens on seven different blockchains. While other stablecoins thrived this year with USDC reaching a market cap of $1 billion recently, Tether still is the kint, having more than 80% of the stablecoin market share. Despite this, Tether hasn’t had a public audit since they dissolved the relationship with their former auditor Friedman LLP in 2018.
Decentralized Exchanges Volumes Grew 70% in June
The volume exchanged in decentralized exchanges grew 70% during June 2020, an increase that shows the influence such platforms are having. Most of the growth came from automated market makers, algorithmic agents providing liquidity in these markets. DEX platforms had a volume increase of 170%, while centralized exchanges grew 10%. Of these platforms, Uniswap and Curve, were the ones that contributed the most, reaching trading volumes of $350 million and $446 million respectively.
Travala Experiences Record Revenue as Traveling Resumes
Travala, the cryptocurrency-friendly booking agency, registered revenue of $184,296 in June, a 170% increase in booking revenue compared to May’s numbers, according to its monthly report. The revenue increase comes with an 81% increment of hotel rooms booked, a result of the gradual lifting of travel restrictions in several countries during the coronavirus pandemic. More than half of the bookings made in the period were paid with cryptocurrencies, 21% with BTC and 13% with AVA, its native token.
Cryptophyl Adds SLP Tether Support
The @Cryptophyl exchange is adding @Tether_to stablecoin (via @SimpleLedger protocol) – deposit / withdrawal USDT is now available in the menu https://t.co/bzL0KwNhFW #bitcoincash #tether #stablecoin #cryptocurrency pic.twitter.com/AfyQFZak0j
— Bitcoin Info (@bitcoininfo) July 1, 2020
Cryptophyl, the first SLP token-based exchange, added support for the SLP version of Tether on their platform. While the company has not made an official statement on the launch of its signature stablecoin on BCH, 1,010 dollars have already been issued as SLP tokens, according to the information provided by the company on its transparency page. Roger Ver hinted to the launch of Tether on Bitcoin Cash blockchain back in February during an interview offered to a cryptocurrency themed YouTube channel called Cryptofinder.
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