Binance Launches “DeFi” Farming Platform – September 7

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,953

Bitcoin price has found itself at the lower bound of a new range developed over the weekend, currently sitting below the $10,000 mark.

Top-20 altcoins continue to be battered by the market, as Ethereum drops almost 6% over the last 24 hours, XRP 4%, and Polkadot falls 15%.

Top Stories for September 7, 2020 πŸ”₯

πŸ‘‰ Binance Launches “DeFi” Farming Platform

Binance has announced a farming platform named Binance Launchpool, which will allow users to farm assets by staking tokens.

The platform appears to be Binance’s attempt to join in on cryptocurrency’s decentralized finance (DeFi) farming craze, despite Launchpool not being very decentralized.

Binance Launchpool’s first farmable token will be Bella Protocol, which will be distributed to users who stake BNB, BUSD, and ARPA tokens.

πŸ‘‰ South Korea to Use Employee ID System Built on Blockchain

South Korea’s Internet and Security Agency (KISA) plans to release a blockchain-based employee ID system next month via a mobile app.

The system will also issue KISA coins, which will be used to reward top employees. KISA token holders will be able to use them to buy snacks, drinks and office supplies.

A pilot test of the platform is currently underway, with expectations that it will eventually be used across the entire workforce.

πŸ‘‰ Litecoin MimbleWimble Implementation on Schedule

The Litecoin Foundation has released an update on its progress on its “MimbleWimble” upgrade, saying that they face no delays on their testnet launch this month.

MimbleWimble is a privacy mechanism, which the Litecoin Foundation have announced that they are applying to the Litecoin protocol.