BitMEX Exchange To Launch And Distribute BMEX Token – December 21

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $48,771

Bitcoin price has teared away from recent lows, touching as high as $49,000 over the last day of trading with a bullish breakout.

Top-20 altcoins have performed well over the last 24 hours, as Ethereum gains 4%, XRP rises 7% and Terra surges 13%.

Top Stories for December 21, 2021 πŸ”₯

πŸ‘‰ BitMEX Exchange To Launch And Distribute BMEX Token

Cryptocurrency derivatives exchange BitMEX is launching its own token called BMEX, which will be airdropped to new and existing users.

The airdrop will occur on February 1st of next year, with existing traders earning BMEX tokens as they trade. The first 50,000 new users with completed verification can also register to receive free BMEX tokens.

BMEX will gave a maximum supply of 450 million tokens, with a litepaper to be published next year.

πŸ‘‰ Ethereum Opens Kintsugi Testnet To Public

Ethereum’s Kintsugi testnet is now available to the public, enabling the wider community to test features and applications in the lead-up to the network’s proof-of-stake (PoS) transition.

The move is an important step in the network’s development – once these recent testnets reach stability, it will be the main chain’s turn to transition into the PoS mechanism.

πŸ‘‰ Binance Joins Dubai Crypto Hub To Assist With Mission

Major cryptocurrency exchange Binance has joined Dubai’s new crypto hub, which was established by the Dubai World Trade Centre Authority (DWTCA).

Binance will be assisting the DWTCA in its plans to speed up their development of a virtual asset industry hub, as well as establish a new digital asset ecosystem. The exchange may play a role in assisting other crypto-focused business to become licensed in the region.