Binance Plays Catch Up, Launches DeFi Index Perpetual Contract With Up to 50x Leverage

“Trade DEFIUSDT. Trade the trend,” says Binance.

“Long or short the DeFi market, all in one contract,” it further states as the exchange announces the DeFi Composite Perpetual Contract with a leverage of up to 50x. The futures will start trading from August 28th, 7:00 AM (UTC).

That’s right, Binance is offering you 50x leverage to trade the explosive DeFi tokens which have been already surging like crazy.

Binance isn’t the first one to offer a DeFi index trading, except for the 50x leverage, of course. FTX first announced the launch of a DeFi Index perpetual contract, and just this week also introduced Uniswap index futures that cover the top 100 Uniswap pools. FTX also launched a decentralized derivatives platform, Serum.

This week, the exchange also acquired Blockfolio in a $150 million deal to attract retail traders. While the community celebrated the acquisition, “FTX didn’t pay for a portfolio tracker they could build in 5 minutes, they paid $150M for your data and bag info.”

What’s Available & Missing?

Binance’s DeFi index covers 10 DeFi projects that are currently popular in the market. This list comprises some of the hottest tokens that almost completely feed the DeFi appetite of a trader.

With names like Band Protocol (BAND), Compound (COMP), Kava.io (KAVA), Kyber Network (KNC), Aave (LEND), Chainlink (LINK), Maker (MKR), Synthetic Network Token (SNX), and 0x (ZRX), the index is attractive.

However, amidst this is Swipe (SXP), which has more weightage in this index than any other token except for Chainlink, Aave, and 0x.

The community didn’t appreciate that while this list lacks the DeFi darling YFI, it also covers Swipe, arguing it isn’t even a DeFi project. Swipe might not be a DeFi yet, but it is on its way to join the craze as it announced earlier this month that Swipe would be launching a decentralized finance lending/earn application on Binance Smart Chain.

Binance acquired Swipe last month; the latter one also added BNB making it spendable with fiat at over 50 million locations worldwide via the Swipe Visa Debit Card.

Reportedly, when Binance acquired CoinMarketCap, in the biggest ever deal of $400 million, first introduced DeFi project ranking, it published its native token BNB at the top, which has since then been removed.

Binance has constantly been listing new DeFi tokens to capture this hot trend and now advertising its Binance Smart Chain with EVM compatibility, rich & growing ecosystem of assets, cheap transaction fees, high performance, funding, and cross-chain DeFi mechanisms to be the perfect blockchain to launch DeFi projects.

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Author: AnTy

Dash Price Analysis (May 10)

DASH/USD Medium-term Trend: Ranging

• The Medium-term and the short-term outlook continues in a range-bound market.
• The bears remained in control of the market within the range

Key levels

• Resistance levels : $140, $150, $160
• Support levels: $35, $25, $15


DASHUSD remains in a range-bound market in its medium-term outlook. The bears retain the control of the market as the daily session opens begin today at $79.50 in the support area

The cryptocurrency is initially down at $68.05 in the support area within the range.

A divergence is noticed as the signal of the stochastic oscillator points up at level 33% in the oversold region and price stays below the two EMAs. It suggests the overall outlook shows upward momentum while a temporary drawdown may occur within the range in the days ahead in the medium-term.

DASHUSD is ranging and trading between $136.16 in the upper resistance area and at $36.80 in the lower support area of the range. Patience coupled with a retest is needed before a position is taken.

DASH/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in its short-term outlook. The bears sustain pressure with a large bearish engulfing candle at $79.50 in the support area opens today’s 4-hourly session.

DASHUSD drops to $68.05 after which the bulls return briefly and moves the price up at $74.17 in the resistance area.

The bears return afterward and drop the price initially down at $72.47 now in the support area within the range.
With a price below the two EMAs and the stochastic oscillator signal pointing down at around level 30% in the oversold region, it suggests that the downward momentum within the range in the short-term.

DASHUSD is ranging a breakout at the upper resistance area or breakdown at the lower support area may occur, hence patience is required to allow this to happen with a retest before a position is taken.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Cardano (ADA) Price Analysis (May 2)

• The cryptocurrency is in an ascending channel.
• The price is in a strong resistance zone.

ADA/USD Medium-term Trend: Bullish

Key levels

• Resistance levels : $0.07, $0.08, $0.09
• Support levels: $0.02, $0.01, $0.009

ADAUSD looks tasty for bulls in the medium-term outlook. The bear’s gradual return changes the trend of ADAUSD to a downside briefly as the session begins today.

$0.05 in the support area opens today’s daily session as the sellers remain dominant as at the present.

The cryptocurrency is down initially at $0.04 in the support area; with the price trading above the two EMAs suggests an upward momentum in the price of Cardano.

The stochastic oscillator signal is pointing down at 78% an indication of downward momentum in price, and the sellers may continue to dictate the market direction in the future in the medium-term.

Hence, buyers’ relief.

ADA/USD Short-term Trend: Bullish


The cryptocurrency is in a bullish trend in its short-term outlook.

The cryptocurrency is in an ascending channel, with a bearish candle at $0.05 in the support area as the 4-hourly session opens today.

The formation of a doji candle today at $0.04 in the resistance area affirms the bullish trend reversal.

The price is above the two EMAs and the formation of an inverted pin bar indicates there is likely to be a reversal in the price of Cardano.

The stochastic oscillator signals downwards at level 43% in the oversold region implies buyers are beginning to take over the market in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Stellar (XLM) Price Analysis (April 26)

• XLMUSD preparing for next bull trend, breakout imminent.
• The short-term outlook is in a sideways market.

XLM/USD Medium-term Trend: Bullish

• Resistance Levels : $0.08, $0.09, $0.10
• Support Levels: $0.03, $0.02 $0.001


The cryptocurrency is in a bullish trend zone in its medium-term outlook.

The formation of the pin bar hammer at $0.06 in the resistance area at the close of yesterday’s session signal a trend reversal. Hence bear’s brief return.

The session opens today on a bearish note at $0.061 in the support area.

XLMUSD is initially down at $0.060 in the support area. With the price above the two EMAs trading at $0.061 price level, indicates that price is in the bullish trend zone.

Hence, the stochastic oscillator signal pointing down at around level 69% in the overbought region implies that the momentum in the price of the coin is likely to encounter a change in the future in the medium-term.

XLM/USD Short-term Trend: Ranging


The formation of a bullish doji candle at $0.061 in the resistance area opens today’s 4-hourly session and signals a trend reversal, hence bear’s brief return.

XLMUSD further drops to $0.060 in the support area after which the bulls took over and move the price up to $0.061 in the resistance area.

Price revolves around EMA-9 with the two EMAs which are fanned apart. This suggests an undefined trend in the context of the market and in this case, ranging.

The stochastic oscillator is in the oversold region with the signal pointing down at 26%, an indication of a likely change in the trend of the crypto in the days ahead in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Stellar (XLM) Price Analysis (April 26)

• XLMUSD preparing for next bull trend, breakout imminent.
• The short-term outlook is in a sideways market.

XLM/USD Medium-term Trend: Bullish

• Resistance Levels : $0.08, $0.09, $0.10
• Support Levels: $0.03, $0.02 $0.001


The cryptocurrency is in a bullish trend zone in its medium-term outlook.

The formation of the pin bar hammer at $0.06 in the resistance area at the close of yesterday’s session signal a trend reversal. Hence bear’s brief return.

The session opens today on a bearish note at $0.061 in the support area.

XLMUSD is initially down at $0.060 in the support area. With the price above the two EMAs trading at $0.061 price level, indicates that price is in the bullish trend zone.

Hence, the stochastic oscillator signal pointing down at around level 69% in the overbought region implies that the momentum in the price of the coin is likely to encounter a change in the future in the medium-term.

XLM/USD Short-term Trend: Ranging


The formation of a bullish doji candle at $0.061 in the resistance area opens today’s 4-hourly session and signals a trend reversal, hence bear’s brief return.

XLMUSD further drops to $0.060 in the support area after which the bulls took over and move the price up to $0.061 in the resistance area.

Price revolves around EMA-9 with the two EMAs which are fanned apart. This suggests an undefined trend in the context of the market and in this case, ranging.

The stochastic oscillator is in the oversold region with the signal pointing down at 26%, an indication of a likely change in the trend of the crypto in the days ahead in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

TRON (TRX) Price Analysis (February 23)

• The trend of the coin looks bullish in its medium-term while the short-term outlook is in a range-bound.
• Patience is required at this moment.

TRX/USD Medium-term Trend: Bullish

• Resistance levels : $0.027, $0.028, $0.029
• Support levels: $0.016, $0.014, $0.012

Tron is in a bullish trend market in its medium-term outlook. The bears’ pressure is sustain as it continues to push the price of TRXUSD further down to $0.019 below the two EMA-9 in the support area during yesterday’s session.

However, the formation of the doji candle at $0.019 at the close of yesterday’s session signals a trend reversal. Hence bulls’ brief return.

Price is back within the range with a push to $0.020 by the bulls in the resistance area as the market opens today on the daily candle.

Price of Tron is initially up at $0.020 in the resistance area within the range..

With the price of TRXUSD above the EMA-50 and the stochastic signal pointing up at around level, 16% in the oversold region suggests that the momentum in the price of the coin is in an uptrend in the medium-term within its range.

TRX/USD Short-term Trend: Ranging


The coin is in consolidation in its short-term perspective. Today’s 4-hour opening candle at $0.0201 in the resistance area is bullish as the bulls remain dominant in the market.

TRXUSD moves up to $0.0208 in the resistance area. Price of Tron is initially up at $0.0208 and revolves around the two EMAs an indication of an undefined trend.

However, the signal of the stochastic oscillator points upwards at level 75% in the overbought region an indication of upward momentum within the range and a possibility of a change in trend of the coin in the days ahead in the short-term.

TRXUSD is ranging and trading between $0.019 in the resistance area and at $0.01 in the support area of the range. Patience coupled with a retest is needed before a position is taken.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Cardano (ADA) Price Analysis (February 23)

• The cryptocurrency is in a bullish trend in the medium-term and ranging in the short-term outlook respectively.
• Patience is required at this period.

ADA/USD Medium-term Trend: Bullish

• Resistance levels : $0.07, $0.08, $0.09
• Support levels: $0.03, $0.02, $0.01

The cryptocurrency is in a bullish trend in its medium-term outlook. The bears increase in momentum drops the price down to $0.057 in the support area during yesterday’s session.

A bearish spinning top hammer at $0.058 opens today’s daily session in the support area within the range.

ADAUSD further drops to $0.057 in the support area. Price revolves around the two EMAs.

The stochastic oscillator signal is pointing down at level 14% in the oversold region an indication of downward momentum in the price of the crypto also the price may encounter a trend reversal in the nearby days in the medium-term perspective.

ADA/USD Short-term Trend: Ranging

The coin is in a range-bound market in its short-term outlook. The drop to $0.057 in the support area pushes the cryptocurrency into a range bound-market during yesterday’s session.

The 4-hourly session today opens with a formation of an inverted bearish candle at $0.058 in the support area.

The coin is initially down at $0.058 in the support area. Price hovers around the two EMAs’ indication of the undefined trend in the short-term.

The stochastic signal is pointing up at level 62% indicates that a trend reversal may likely occur in the momentum in price of Cardano in the nearby days in the short-term.

ADAUSD is in consolidation and trading between $0.057 in the resistance area and $0.043 in the support area within the range. A breakout at the upper resistance area or a breakdown at the lower support area may occur hence patience is required to allow this to happen before a position is taken.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Stellar (XLM) Price Analysis (February 22)

• The cryptocurrency is in a bullish trend in the medium-term and ranging in the short-term outlook respectively.
• Patience is required at this period.

XLM/USD Medium-term Trend: Bullish
• Resistance Levels : $0.08, $0.09, $0.010
• Support Levels: $0.04, $0.03 $0.02

The coin is in a bullish trend zone in its medium-term outlook. The bulls lost momentum after an impulsive movement to $0.071 in the resistance area during yesterday’s session.

A bearish spinning top hammer at $0.071 opens today’s daily session in the support area within the range.

XLMUSD further drops to $0.069 in the support area. Price revolves around the two EMAs.

The stochastic oscillator signal is pointing down at level 16% in the oversold region an indication of downward momentum in the price of the crypto also the price may encounter a trend reversal in the nearby days in the medium-term perspective.

XLM/USD Short-term Trend: Ranging


The coin is in a range-bound market in its short-term outlook. The drop to $0.069 in the support area pushes the cryptocurrency into a range bound-market during yesterday’s session.

The 4-hourly session today opens with a formation of bullish doji candle at $0.07 in the resistance area.

The bears return gradually with an initial decrease to $0.069 in the support area. The bulls stage a return and increase price further to $0.071 in the resistance area within the range.

Price hovers around the two EMAs an indication of the undefined trend in the short- term.

However, the stochastic signal pointing up at around level 45% suggests that the price of Stellar may likely encounter a change in trend in the days ahead in the short-term.

XLMUSD is in consolidation and trading between $0.07 in the resistance area and $0.03 in the support area within the range. A breakout at the upper resistance area or a breakdown at the lower support area may occur hence patience is required to allow this to happen before a position is taken.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Outlaw Hacking Group Updates Toolkit To Mine Monero (XMR) And Kill Off The Competition

The cybersecurity firm Trend Micro says it has detected the Outlaw hacking group has been upgrading its stealing-from-enterprises data kit for about half a year already.

Outlaw has been very quiet since June 2019, only to become active again in December, when it started making upgrades to the stealing data kits. It seems now they’re able to target more systems, says a Trend Micro analysis from February 10. They can steal data from the finance and automotive industries.

What Else Can the Kits Do Now?

The new upgrades done by the group are for advanced techniques of breaching, scanner targets and parameters, better mining profits obtained by eliminating competition, the group’s own old miners included. According to the Trend Micro analysis, the newly developed kits attacked Unix and Linux operating systems, Internet-of-Things (IoT) devices and vulnerable servers. PHP-based web shells were also used for the hackers to gain remote access to devices.

What Are the Hackers Going For?

It seems the attacks started from a virtual private server (VPS) looking for a vulnerable device. The new Outlaw tools are looking to exploit previously developed scripts, codes and commands. Many IP addresses are used for scanning in each country, this being the reason why the group attacks only certain areas during the same time period.

Are Hackers One Step Ahead of the Game?

In June 2019, Trend Micro said it has identified a web address that spreads a botnet that features a Monero (XMR) mining component and a backdoor. The malware was also attributed to Outlaw because it had employed the same techniques as in other operations conducted by the group before.

It had Distributed Denial of Service (DDoS) capabilities and allowed hackers to monetize by offering DDoS-for-hire services and through crypto mining. More than this, only in January this year, the supposedly North Korean government-sponsored hacker group Lazarus deployed some new viruses developed to steal cryptocurrency. The QtBitcoinTrader crypto trading interface was modified and used to deliver, also to execute, the famous Lazarus’s Operation AppleJesus malicious code.

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Author: Oana Ularu

Litecoin (LTC) Price Analysis (February 11)

• The Cryptocurrency is in a bullish trend in both the medium and short-term outlook respectively.
• The bulls remained in control of the market.

LTC/USD Medium-term Trend: Bullish

• Resistance Levels : $80.00, $90.00, $100.00
• Support Levels: $35.00, $25.00, $15.00

Litecoin (LTCUSD) is in an uptrend in its medium-term outlook. Yesterday, the price of the coin dropped to $73.98 in the support area due to the gradual return of the bears. The bears were resisted as the market opens today on a bullish note at $74.00.

The crypto’s price is initially above the two EMAs trading at the $74.88 in the resistance area, which indicates that price is likely to rise.

Meanwhile, the stochastic oscillator signal at the overbought region is an indication that the momentum in the price of the coin is likely to go upward in the future in the medium term.

LTC/USD Short-term Trend: Bullish


The coin is in a bullish trend in its short-term outlook. The bears’ brief return led to a drop in price of the coin to $73.37 in the support area during yesterday’s session.
The 4-hourly chart today opens on a bearish note at $74.00 in the support area. However, the price of the crypto is up at $74.88 due to the gradual returns of the bulls.
Price is above the two EMA’s and the stochastic oscillator signal pointing up at around 27% in the oversold region indicates an upward momentum in price of the coin. Hence, a buy signal.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan