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DeFi Adoption About to Get a Major Boost with the Upcoming cBridge 2.0
25.10.2021
Decentralized finance (DeFi) has made big strides in the last couple of years. The total value locked in DeFi protocols has crossed $100 billion, standing at $103.3 billion at the time of this writing. For the uninitiated, DeFi projects aim to offer the same services as traditional finance,...
Binance Launches $1 Billion Fund to Boost Adoption of Its Smart Chain and Entire Blockchain Industry
13.10.2021
Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and “the whole blockchain...
Stellar Rallies On MoneyGram Partnership Announcement
7.10.2021
mpany Ripple’s XRP token for XLM in its operations has triggered a rally in the latter coin’s price. At 10:25 UTC, XLM’s price was up 13% over a 24-hour period, indicating the boost the announcem
DeFi Yield Protocol Partners With KyberDMM to Boost DYP Token Liquidity on Avalanche
7.10.2021
Leading yield farming platform DeFi Yield Protocol (DYP) has collaborated with KyberDMM to boost DYP token liquidity on Avalanche blockchain. As part of the partnership, $300,000 worth of DYP and KNC tokens have been made available as liquidity mining rewards. A major milestone for DYP...
Polygon Grants $1m in Matic to QuickSwap in an Effort to Boost Adoption
28.9.2021
Solving the scalability woes of Ethereum, the Polygon network grew from strength to strength and is one of the biggest success stories of 2021. With the price of its native token $MATIC climbing over 5500% this year alone, Polygon is now home to over 500 dApps, each of which benefits from...
Dapper Labs and Flow Blockchain to Get a Boost From Big Tech as Studio Partners With Google
15.9.2021
Google is joining forces with the blockchain firm Dapper Labs in order to help bolster Web3 development, blockchain gaming, and non-fungible token (NFT) technology. The blockchain company’s CEO Roham Gharegozlou tweeted about the deal on Tuesday noting that the firm was “amped...
Governance proposals and layer-two launches provide a boost to altcoins
14.9.2021
RGT, CRV and SNX saw double-digit rallies after new governance proposals and migrations to layer-2 platforms
IOST Partners Rising Play2Earn Project Zodium to Boost NFTs & Blockchain Game Growth
14.9.2021
m.NFT Expansion on IOST ContinuesIn the third quarter of 2021, the IOST community has witnessed compelling growth in its NFT ecosystem.The first milestone of the IOST-empowered global NFT Marketplace Revival launch was a hit in July. Built for artists, Revival strikes
Pangolin and ParaSwap Strike a Partnership to Boost DeFi Segment
8.9.2021
Announcing its partnership with ParaSwap, Pangolin stated that it’s looking forward to a mutually beneficial relationship with ParaSwap. The distinctive competence of ParaSwap lies in its ability to aggregate services related to decentralized finance (DeFi) in one single comprehensive package that...
US defense contractor Simba Chain raises $25 million to boost NFT efforts
2.9.2021
The $25 million funding round, led by Valley Capital Partners, would enable Simba Chain to dedicate resources to new trends in the blockchain space
Altcoins sell-off while exchange listings boost COTI and Conflux Network
26.8.2021
Crypto markets sold off on Thursday, but data from Cointelegraph Markets Pro shows COTI and CFX rallied after new exchange listings
Pinknode Joins Crust Network To Boost Decentralized Cloud Storage
17.8.2021
Crust Network creates a decentralized cloud storage market for the ecosystem that promotes the privacy of individual data using a unique mix of GPoS and MPoW. The Supported by the Crust Network, the Interplanetary File System (IPFS) with multiple storage layer protocols, allows storage interfaces...
Bank of America Sees Long Road Ahead for Coinbase to Become the ‘Amazon of Crypto Assets’
17.8.2021
Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of crypto assets,” Bank of America says it is “still in very early stages...
Web3 Advertising Protocol Parami Seals 3M USD To Boost User Privacy
14.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Beijing, China, 13th August, 2021,
Web 3 Advertising protocol, Parami Protocol successfully completed a 3 million USD funding round to boost the privacy of data on blockchains and Web 3.0 applications....
Moonpot Employs Chainlink VRF on BSC to Boost Prize Draws
13.8.2021
The multiple-chain yield aggregator Beefy Finance’s no-loss lottery ante Moonpot has taken on a Verifiable Randomness Function powered by Chainlink and integrated it on the independent blockchain of Binance Smart Chain. From now on, users can avail the full advantages of such an expansion of Beefy...
Uganda Blockchain Association Endorses Calls for the Creation of Crypto Regulatory Framework
10.8.2021
Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a framework “will create investor confidence...
DEXs could see demand boost as regulators target centralized exchanges
7.8.2021
From indictments against figures behind BitMEX to banks blocking transactions, and then Binance, some CEXs are under pressure. Is this an industry-wide phenomenon?
FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme
5.8.2021
In what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets...
Bitcoin hits $39K highs as SEC Chair comments give BTC price 2% boost
4.8.2021
Gary Gensler fuels a BTC price rebound Wednesday, but unclaimed moving averages are causing a headache for traders on longer timeframes
Leader of Nigerian Crypto Stakeholders’ Body Welcomes the E-Naira — Says It ‘Comes With No Magic Wand’
1.8.2021
Nigeria’s proposed digital currency, the e-naira, is likely to be a welcome boost to ongoing efforts to reduce the number of Nigerians that are financially excluded, a leader of a stakeholders’ body has said. However, according to Senator Ihenyen, the president of Stakeholders...