Monthly Archives: February 2021

Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships

Band, Loopring and Cream aim to increase their DeFi market share by building new partnerships and offering solutions that address fees, lending and price discovery. The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin (BTC) stands a good chance to garner a portion of it. Crypto market data daily view. Source: Coin360 Ark Invest’s latest report, […]

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Ditto Promotes Accessible Finance for Streaming Artists with the Launch of Defi Platform

Global music distribution service Ditto has unveiled the latest addition to its service lineup for musicians with a blockchain-based financing platform named Opulous. Opulous Peer-to-Peer Lending Platform Serves as a Loan Pool Designed to Help Artists Ditto continues its efforts to improve the value chain for artists. Unlike other decentralized finance (defi) protocols, Opulous reflects asset-based lending, which bridges the physical and digital worlds. The Opulous’ defi lending mechanism, which is being developed on the Algorand public blockchain, leverages music copyrights’ tangibility through a smart contract setup […]

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pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi Ecosystems

During the last year, Ethereum’s DeFi ecosystem has grown exponentially to form a multi Billion Dollar market. As Decentralized Finance expands, it becomes more and more relevant to have cross-chain connections that enable crypto assets to flow instantly and seamlessly across blockchain networks. These make it possible for DeFi platforms to be an effective alternative to centralized exchanges. Today, pNetwork launches the first EOS to Ethereum cross-chain connection to enable the EOS crypto asset to be moved into Ethereum’s DeFi ecosystem. EOS on Ethereum EOS, the native […]

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Jeff Bezos steps down: Crypto-curious Andy Jassy to become new Amazon CEO

The soon-to-be top executive at Amazon has released blockchain products in the past. Amazon has announced today that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Web Services CEO Andy Jassy — who oversaw Amazon’s crypto product offerings — will replace him.  In his letter to employees, Bezos said that he would be transitioning to the role of executive chair of the Amazon board, where he would “focus my energies and attention on new products and early initiatives.” The transition is […]

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‘Buy crypto’ Google searches hit record high: The Tie

Google trends reveal a huge spike in “buy crypto” searches, a possible precursor to wider retail adoption. “Buy crypto” searches on Google surged to all-time highs in January, far exceeding the previous peak of early 2018, according to cryptocurrency analytics company The Tie. Relative search interest for the term “Buy Crypto” is at all-time high on Google Trends pic.twitter.com/4cFIkI0xbp — The TIE (@TheTIEIO) February 1, 2021 The keyword received a perfect Google Trends score of 100, which indicates maximum relative interest. A similar spike was also observed […]

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Square’s Cash App briefly halts buying AMC and Nokia stock

“This was not Cash App’s decision – we disagree with this move wholeheartedly,” tweeted the service. Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, restricted buys from some of the stocks connected to the Wall Street shorts for more than four hours today. According to an announcement from Cash App, its clearing broker, Axos, halted the app’s ability to complete purchases of stocks for Gamestop, AMC Entertainment, Nokia, and Koss Corporation — at least three of the stocks pushed by retail investors […]

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Interoperability will determine CBDC winners and losers

To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage. China has opened testing for its digital yuan. The excitement surrounding this project has electrified several major Chinese cities, as well as onlookers throughout the world. Most recently, Shenzhen launched its “iShenzhen” lottery, wherein the city government will distribute 20 million digital yuan among 100,000 central bank digital currency, or CBDC, wallet holders. This comes on the back of a similar lottery held […]

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Following Balancer V2 protocol announcement, yield farming still in development

The team is awaiting community input to determine the parameters of V2’s liquidity mining Automated market maker (AMM) Balancer announced today a widely-anticipated V2 of their decentralized exchange protocol, featuring a host of upgrades centered on “security, flexibility, capital efficiency and gas efficiency”  — but yield farmers are left wondering about the all-important liquidity mining details, which are still in development. “The main architectural change between Balancer V1 and Balancer V2 is the transition to a single vault that holds and manages all the assets added by […]

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Led by Uniswap, decentralized exchange volumes soared above $50B in January

Decentralized exchange volumes reached a record $55-billion high in January as Uniswap and SushiSwap saw a significant surge in activity. Decentralized finance (DeFi) has emerged as one of the driving forces of crypto sector growth, and it is also establishing itself as an integral component driving widespread adoption of cryptocurrencies.  A recent report from Delphi Digital points out that there has been a 440% increase in “the circulating market cap of leading DEX protocols over the past 30 days,” which has also led to “the trading volume […]

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Publicly-Listed Air Purifier Manufacturer Adds Dogecoin as a Form of Payment Amid Token’s Popularity

As the so-called ‘meme coin’ is actively making the headlines within the crypto sphere, a publicly-traded company is joining the dogecoin frenzy. Kronos Advanced Technology announced they’ll start accepting dogecoin as one of its payment methods. Kronos Also Accepts Other Cryptocurrencies Such as Bitcoin and Ether According to the announcement, the Los Angeles-based firm is adding dogecoin (DOGE) to its accepted payment form. In fact, customers will be able to purchase air purifiers, and personal protective equipment (PPE) supplies via the meme coin. Adopting dogecoin as a […]

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