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Crypto Products – a Norm for US Financial Firms; DeFi Grows
19.5.2021
While the cryptocurrency market is facing a tough period, it is not losing at all. Recently, a leading derivative marketplace announced Micro Bitcoin futures, helping the crypto sector showcase its relevance. The platform will help investors avoid high costs to improve their crypto investment...
Could DeFi-powered banks become an unstoppable force in finance?
19.5.2021
Banks lack an innovative streak, but cutting-edge DeFi protocols often have a usability problem. Is combining the two the answer?
DeFi Transactions Cost An Arm and a Leg — But Not For Long
19.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Transaction fees can cripple any cryptocurrency or blockchain network with ease. No one likes spending double-digit fees to move funds around or access...
Nervos and CMB International launch $50M blockchain, DeFi and NFT fund
19.5.2021
China’s leading blockchain network to fund startups willing to develop on it
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
Celo rallies 50% as excitement builds for the upcoming 'Donut' hardfork
19.5.2021
CELO price gained 50% ahead of the network’s May 19 'Donut’ hardfork which will help increase interoperability and lower gas fees
Tether to Launch USDT Natively on Avalanche
18.5.2021
The blockchain company Tether has announced it will make available its stablecoin token as a native asset in Avalanche, a smart contract platform that has picked steam in the last year. Avalanche has a growing decentralized finance (defi) ecosystem, so this launch will most likely improve...
African Founded Crypto Exchange, Quidax Partners With Popular Defi Platform, JulSwap
18.5.2021
PRESS RELEASE. Cryptocurrency exchange Quidax officially announced a partnership with JulSwap. JulSwap is one of the biggest decentralized exchanges (DEX) on the Binance Smart Chain Ecosystem. Quidax also announced that it will be launching its ecosystem token, QDX, on JulSwap’s launchpad...
Altcoins notch double-digit gains even as Bitcoin price falls to $42,500
18.5.2021
Altcoins took the reins and galloped higher while bulls appear to be losing the battle to hold Bitcoin price above $43,000
100xCoin: From Memecoin to BSC’s DeFi Hub
18.5.2021
To say the cryptocurrency bull market is in full swing would be somewhat of an understatement. The average cryptocurrency gained a whopping 696% in the last year alone, while some coins have gone much further, including Shiba Inu (SHIB) and Kishu Inu (KISHU) — which pulled in 874% and 3766% alone...
Ethereum-based DeFi platform DeversiFi raises $5M in strategic investments
18.5.2021
The investment round was led by ParaFi Capital alongside Defiance Capital, Lightspeed Venture Partners, Blockchain Ventures, Fenbushi Capital, OKEx, StarkWare and Longhsh Ventures. Angel investors from Synthetix, Aave and Enzyme also participated
Cardano ERC-20 converter nears testnet phase
18.5.2021
Cardano’s ERC-20 converter tool with built-in two-way convertibility will soon be open for beta testing
LavaSwap’s Upgraded Economic Model is Here
18.5.2021
LavaSwap is coming up with its new economic model by upgrading its DEX platform. In addition, the platform is planning to introduce the line of strategic investors helping to change the mining problem and other issues that will maximize the benefits of LAVA. LAVA is an interoperable decentralized...
Harmony Joins Hands with Knit Finance
18.5.2021
Making an important announcement in the field of decentralized finance (DeFi), Harmony has revealed that it has signed a pact with Knit Finance to enhance the adoption potential of the segment further. Knit Finance is a trusted name in the field of DeFi platforms, and its specialization lies...
EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator
18.5.2021
Ernst & Young is investing $100 million into targeting enterprise DeFi with its latest suite of Blockchain Analyzer products
Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021
17.5.2021
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter...
Polygon active users grow by 75,000 as DeFi boom continues
17.5.2021
Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning dapps, up considerably over the past four weeks
YooShi Launches MEME DeFi Token
17.5.2021
The fair launched and community-driven MEME token recently launched by YooShi seems to be both entertaining and profitable. The launch has been unique because it was 100% fair with no presale and no allocation of teams, and therefore no one owns a contract key of the MEME token. If you are hearing...
FATF draft guidance targets DeFi with compliance
16.5.2021
The final guidance expected to be issued by the FATF this summer might determine the next chapter for the decentralized finance space
DeFi growth helps push crypto’s share of the global money supply above 2%
16.5.2021
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption