• Binance Coin has a bullish short-term bias, with the cryptocurrency trading above its 200-period moving average on the four-hour time frame
• The four-hour time frame shows that a large head and shoulders pattern is forming
• The daily time frame shows a bullish inverted head and shoulders pattern with a $23.00 upside projection

BNB has gained bullish momentum after the exchange announced the next project

Blockchain gaming has come a long way since Crypto Kitties. Immutable, the company behind Gods Unchained, is now making a major push to attract gamers from outside the blockchain space.  In addition to enabling debit card game purchases, the company has also recruited Chris Clay, former game director for Wizards of the Coast. 

Galaxy Digital expects cryptocurrency lending to boom. The merchant bank has announced an investment in crypto loans provider DrawBridge Lending (DBL) in order to offer new financing products and help grow the lending/borrowing market.

Announced this morning, the Galaxy investment will provide DBL with funding to create a suite of financing vehicles, which will provide institutional investors with new loaning facilities and allow the crypto market to scale.

This April, Binance branched out by launching Binance Chain, a brand-new blockchain built to host Binance DEX and a variety of third-party tokens. Since then, the new platform has become a hot destination for crypto tokens in search of a new home.

Here are five notable projects that have recently migrated their tokens to the platform.

Hester Peirce may look favorably on digital assets, but ‘Crypto Mom’ is not the only parent at the SEC. The Securities and Exchange Commission continues to regard cryptocurrencies with suspicion, particularly when it comes to ICOs and their status as investment securities.

Coin mixers were once a popular solution to Bitcoin’s imperfect privacy features. Bitcoin uses pseudonymous addresses, which reveal key data such as transaction amounts and destinations. That doesn’t reveal user information, but analysts can piece together who owns each address by looking at how Bitcoin has changed hands.

Blockchain cybersecurity firm Hacken (HKN) is migrating its blockchain-related operations from Ethereum to VeChain (VET). The Ukraine-based project cited the logistics platform’s superior technology and an already strong record of enterprise adoption.

• Lambda has a bearish short-term bias, with price still trading below key technical resistance on the four-hour time frame
• The four-hour time frame shows that a large inverted head and shoulders pattern is building
• The daily time frame highlights that the cryptocurrency is attempting to build strength above its 50-day moving average

Lambda has a bearish short-term bias, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame.