Waves rockets 30% on smartphone wallet app release, BNB blockchain coming “very soon”

Update: 22:00 GMT – Waves 42% higher at $1.90 .

Waves has jumped 30% and is still rising at the time of writing.

The Waves app platform yesterday announced the release of its mobile wallet smartphone app.

Waves enables coins to be quickly iterated on its platform and traded. The platform has received criticism in the past because of the high number of dead tokens on the platforms, some of which are a bit scammy.

There are more details about the app here.

There are also some great arbitrage opportunities, such as this three-way play suggested by KoinKnight:

“Hurry! 105.76% triangular arbitrage in via . If you buy in market from and convert it to in and sell it on .”

Binance is one to watch

BNB is up 13% at $5.574, according to coinmarketcap and along with NEW (XEM) is one of the day’s star performers.

The token is primarily used to get discounted fees on the Binance exchange. However its use cases are expanding.

The fast-growing exchange has just inked a deal with Decentraland (MANA), which will see BNB holders able to use the token to participate in the next LAND auction at Decentraland (MANA), which begins next week. MANA was up yesterday on that news although it has given some of those gains today. MANA is one of the rare tokens that has weathered the bearish storm better than most as its virtual world gains traction.

BNB is an ERC-20 token.

To juice the auction, Binance and Decentraland are running a trading competition in which there are 1,875,000 MANA up for grabs plus  1 Binance-branded parcel of LAND. More details here.

There’s also a lucky draw for those taking part in the auction wit 10 winners to be drawn, each winning 7,500 MANA!

In other Binance news, the exchange will also be releasing its own blockchain technology “very soon” and it claims it will enable the “issuance of millions of coins”. Binance CEO Changpeng Zhao released the news in conversation at the Forbes Asia event.

Bitcoin SV continues to close the gap on Bitcoin Cash with just $63 separating the two. BSV is trading at $93 and BCH at $156.

Bitcoin has edged back above $4,000, nearly 3% higher but with momentum lacking it will be a struggle to make much progress from here. We are holding our short position, although we might consider shifting the target to $3,750 tomorrow.

About the Author

Jennifer Collins
Jennifer has been writing about crypto since 2016 when she first got interested as a student at Queen Mary University in London. You can email me here: jennifercollins@coinintelnews.com

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