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Showing posts from August, 2023

Kyber Network and Oxalus Wallet make swap features convenient. Oxalus wallet is now integrated with Kyber Network DeFi hub, KyberSwap. 

Oxalus mission is to bring blockchain to everyone, with ease, fun, and friendliness. With Oxalus Wallet, your account on all devices is synchronized and data is transferred within seconds. By using Oxalus, users have access to the display of their NFT Games in an intuitive and interactive way. Security for your assets that will be protected within Oxalus. Controllability over what they own, where they can take action with full empowerment. Store and transfer with multi-chain digital assets and tokens, including: Axie ($AXS) STEPN ($GMT) Defi Kingdom ($JEWEL) Pegaxy ($PGX) Splinterlands ($SPS) Illuvium ($ILV) League of Kingdom ($LOKA) Sandbox ($SAND) Decentraland ($MANA) Voxies ($VOXEL) MOBOX ($MOBOX) My Neighbor Alice ($ALICE) Star Atlas ($POLIS) Oxalus Wallet is a global product, no matter where you are, and what time zone you are in, you can always have your NFTs within your reach. Understanding Kyber Network and KyberSwap Kyber Network is a multi-chain cryp

Okra Finance partners with Vera to allow institutions to access NFT assets and financial products as an instrumental part of the DeFi portfolio created utilizing Okra’s infrastructure.

The partnership showcases Okra’s on-chain asset management platform and composability of its unique technology . Our proprietary adaptors allow institutions to access a wide range of DeFi strategies in a cost and operational efficient manner. Institutions can layer multiple strategies, yields and risk management across different asset classes (such as Fungible Crypto, NFT and Security Tokens) within a single smart contract transaction. Our mission is to spearhead institutional access to crypto as a long-term asset class offering unique risk-reward. Despite recent success, NFT technology is still in the early stage of growth. With buy/sell marketplaces for digital art and in-game assets are early use cases, it is projected that several other sectors such as music, entertainment, consumer goods, and real estate will witness much broader adoption of NFTs in the near future, expanding the potential NFT market size to be in the trillions of dollars. Understanding the market demand , Vera

Unilend has introduced UFTG

Unilend has introduced UFTG, the portkey to community governance. The countdown to the Unilend Finance Governance launch on September 4th continues. They are thrilled to unveil the new wrapped governance token — UFTG (UniLend Finance Governance Token). The UFTG is more than just a token; it’s a symbol of its commitment to community-driven decision-making and a catalyst for a more decentralized future. UFTG symbolizes its unwavering commitment to community-driven decision-making and catalyzes a more decentralized future. Important Note: However, it’s essential to make it crystal clear that UFTG is only a wrapped version of UFT and that we are not releasing a new token or transitioning to a new token. Understanding UFTG: Empowering Governance Participation UFTG is the governance token that wraps native UFT tokens and will be required for users to participate in the governance. Users will be able to swap 1:1 between UFT and UFTG. In addition, UFTG is the cornerstone of Unilend’s Governanc

Fizen Adds Support for OKC to provide cryptocurrency payment and digital wallet services to all OKC users.

Now OKC users can store, manage, send and receive cryptocurrencies safely and conveniently, swap tokens to pay for gift cards and shop at 2500+ brands worldwide. Meanwhile, Fizen will support OKC-based projects gradually to provide easy access to the Fizen wallet. Moreover, since Tether has launched its native USDT token on OKC, Fizen users can also use USDT to shop using the OKC network. About Fizen Fizen.io is an all-in-one crypto payment solution that aims to bridge the gap between traditional finance and complex. It’s expanding decentralized finance by providing a user-friendly and seamless experience. Fizen Crypto Super App: A cryptocurrency super wallet application. It allows users to use crypto in a diverse ecosystem of E-Commerce, NFTs, GameFi, and DeFi. Fizen Pay: A Payment Gateway is linking with many merchants globally . It’s making it easy for users to make payments with crypto. Website l Twitter About OKC OKC is a secure & programmable smart contracts pla

Safeguard your BSC asset with SafePal Wallet a secure and user-friendly crypto management platform for the masses. Being the first hardware wallet portfolio of Binance, SafePal is now serving more than 6 million users across the globe.

SafePal provides hardware wallet, software wallet, and browser extension wallet product lines, all paired and managed through the SafePal App, where users can easily store , manage, swap, trade, and grow their crypto wealth . Moreover, SafePal has not only supported 14 languages , 48 blockchains, 100,000+ tokens, and NFT support, but has also integrated with Binance DEX, Binance Spot Trading, and DApps. SafePal Wallet Ecosystem SafePal offers three types of decentralized wallet solutions that help crypto users manage, swap, trade, and secure their cryptocurrency assets. All three types of wallets can be interconnected with one another allowing users to explore the web3 world the way they like. 1. Mobile Software Wallet The SafePal mobile software wallet is a free application that users can download on their smartphones to securely manage , trade, and swap their favorite cryptocurrencies on the go as well as explore the DeFi world in the most convenient way. 2. S1 Hardware Wallet

Croissant Games Launchpad on MMFinance – $MUFFIN sale will take place on PolyMM and will last for 4 hours, and you will need DSF/MMF LP to participate.

Launchpad Format The launchpad raise will be done in DSF/MMF LP. Sale Details Sales Page: https://polymm.finance/launchpad Start: 4th September, 8:00am UTC End: 4th September, 12:00pm UTC Token Price: $0.02 Number of Tokens For Sale: 25,000,000 Amount to Raise: $500,000 in DSF/MMF LP Duration: 4 hours Method: Overflow Croissant Games Launchpad on MMFinance Proceeds Allocation 50% of all MMF raised will be burnt & 50% of the MMF will be used to buyback MMO and burn 75% of the DSF will be vested and used to form initial MUFFIN-DSF liquidity. Liquidity unlocks on Day 60, Day 90 and sent to project team 25% of the DSF Funding sent to project team on Day 1 1. Before Sale Buy DSF & MMF tokens here: https://polymm.finance/swap Form DSF/MMF LP here: https://polymm.finance/liquidity 2. During the Sale Commit your DSF/MMF LP tokens to get MUFFIN tokens on https://polymm.finance/launchpad during the launchpad window. If you are worried that you are no

Crypto is Aligned with Future Financial Systems: UAE Minister

Omar Bin Sultan Al Olama, the state minister for artificial intelligence (AI), digital economy, and remote-work applications in the UAE (United Arab Emirates), wrote a piece for The Banker. In the article, which was published today, the minister expressed his optimism regarding a crypto future. According to the minister, the people involved in the initial development of crypto wanted to “circumvent mainstream financial institutions and monetary systems.” However, the minister notes that this would not be a practical nor desirable goal. Olama states, “Rather, the future of digital currencies lies firmly within the mainstream financial system, where they can make an enormous difference to several problems in areas such as payments, banking and investing.” Olama states that in order to realize the potential of crypto, it has to be embraced by the financial system. Nonetheless, the minister acknowledges that in order for the industry to thrive, there must be some breathing room

Increasing Crypto Crime with Cross-Chain, DEXes results in ~$4B laundering

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As crypto has gotten more popular, so has its use for illicit activities. According to a new report by Elliptic, cross-chain bridges and decentralized exchanges (DEXs) are becoming the new frontier for laundering funds. The study noted that bridges and DEX’s have allowed an unobstructed flow of funds between crypto assets. As per the report, at least $4 billion worth of illicit crypto currency gains has been laundered using cross-chain bridges, DEX’s and coin swap services. Over $1.2 billion, which is over a third of the surveyed incidents, was traded on DEX’s. An additional $1.2 billion has been laundered using coin swap services. Cross-chains allow users to send crypto assets from one blockchain to another. DEX’s on the other hand allow cross-asset swaps on the same blockchain. And coin-swap services allow users to exchange different assets without the need to create an account. Criminals are attracted to these services due to the lack of AML (anti-money laundering laws) and KYC

Alpha Venture DAO partners with Sei

Alpha Venture DAO partners with Sei to bring a bespoke experience to DeFi builders. Alpha Incubate Batch 2, bringing together builders and the best mindshare in Web 3.0. Expand the boundary of DeFi innovation. Sei,  the first sector-specific Layer 1 specialized for trading and the fastest chain to finality, is partnering with  Alpha Venture DAO  for  ‘ Alpha Incubate Batch 2 ’ , a bespoke incubation program focusing on DeFi. Together, they join hands to provide an extensive, personalized mentorship experience along with other notable mentors from the Alpha Network in this 12-week program for you to supercharge your DeFi projects. Hence, Sei has carefully selected a unique set of tradeoffs that make Layer 1 the optimal environment for DEXs. We believe Sei has one of the most well-rounded ecosystems fully equipped to support DeFi projects to success. The chain emphasizes reliability, security, and high throughput above all else, enabling an entirely new echelon of ultra-high-performance

Nomura’s Laser Digital Ventures in Infinity DeFi Lending Protocol

The digital asset division of Nomura Holdings, Inc., known as Laser Digital, has invested in Infinity, a decentralized finance protocol for institutional lending and borrowing. According to a joint statement released by the corporations, the Infinity protocol provides businesses with a foundation to base benchmark interest rates, lending, borrowing, and risk management in decentralized financial systems. However, on the other hand, the firms made no indication of the total investment amount. Olivier Dang, Head of Ventures at Laser, said in a statement; Infinity’s groundwork paves the way for institutional flows on-chain, new levels of rates, and risk innovation. This investment sheds light on a developing trend that combines crypto-native DeFi infrastructure and TradFi solutions. According to experts, this allows the tokenization of assets such as credit and the creation of blockchain-based markets for institutional investors. Financial institutions continue t

DeFi Platform Aave Freezes Its BUSD Reserves On Ethereum

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Aaave Freezes Its BUSD Reserves A governance proposal for Aave that was submitted by community member Marc Zeller requested that BUSD reserves on the Ethereum network be frozen. According to the proposal, the controversy surrounding Paxos & BUSD did not provide an immediate threat to Aave, however, the freeze could have a detrimental impact on Aave V2 operating on Ethereum’s marketplace. advertisement Read More:  Check Out The Top 10 DeFi Lending Platforms Of 2023 The proposal suggested that the supply of the Paxos-issued stablecoin was destined to decrease and that the inability to mint additional tokens would impair the prospects for peg arbitrage. Moreover, since there is no genuine prospect of growth or utility for the stablecoin, it seemed that the fairest course of action for Aave would be to freeze its reserve and ask users to convert to another stablecoin among the variety offered by the protocol.

Polkadot And Deloitte Integrate KILT Identity Blockchain

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One of the largest accounting companies in the world is joining the Polkadot community. Polkadot said that Deloitte Switzerland will use its parachain KILT blockchain technology to issue digital identities that can be used more than once. This will help with the KYC and KYB processes. With this move, Deloitte is the latest big enterprise partner to join the Polkadot ecosystem. The digital credentials in question will have a wide range of uses, such as meeting regulations for banking and decentralized finance (DeFi), proving your age for online shopping, logging in privately, and collecting money. Deloitte-KILT Integration The official blog post said that reusable KYB and KYC credentials, which are made on KILT’s identity infrastructure, solve the problems that come with giving the customer power and flexibility. Since credentials are saved in the wallet on the client’s own device, the client stays in charge and can decide with whom to share their credentials an

Crypto Assets, Services, And NFTs Excluded From EU MiCA Regulations

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Not All Utility Tokens Comes Under MiCA’s Regulations The EU MiCA regulation has garnered immense attention as a landmark regulatory framework for the crypto industry. Designed to comprehensively address the complexities of crypto assets, it has become a focal point for discussions within the global cryptocurrency community. Hansen’s insights offer a closer look at key exemptions under MiCA, highlighting activities that won’t require regulatory approval. advertisement Hansen first points out that utility tokens designed and utilized within specific networks are exempt from MiCA’s provisions. Additionally, crypto-asset offerings that cater to fewer than 150 individuals per EU member state or solely to qualified investors, totaling under 1 million EUR in a 12-month period, fall beyond MiCA’s scope. Furthermore, digital assets that are non-transferable are not subject to MiCA ’s regulatory framework. Notably, lending and borrowing of crypto-assets, including e-money

Prime Trust used $82M in customer funds to buy Terra and Ether

The first day declaration of Jor Law, the interim CEO in the bankruptcy of former Binance custodian Prime Trust, has pinned the blame on previous management, highlighting losses of assets due to investments in TerraUSD (UST) and the loss of keys for a multi-signature wallet.  Filed yesterday, the declaration explained how Prime Trust “invested funds in [UST] using both customer funds and funds in the Company’s corporate treasury, which resulted in a loss of approximately $6,000,000 in client funds and $2,000,000 in treasury funds .”   This event contributed to the collapse of the Terra-Luna system and was a “key catalyst in the acceleration of Crypto winter,” the declaration said, which ultimately contributed to Prime Trust’s inability to raise the Series C funding to keep the firm afloat. The declaration also describes how, after migrating many of its customer Crypto currency assets to Fireblocks, Prime Trust ended up directing some customer s to a legacy wallet and subsequ

Jerome Powell's Jackson Hole Speech; What To Expect?

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Strategic Restraint and Inflation Realities Julian Brigden, an authority from Macro Intelligence 2, offers insight into the Fed ’s probable strategy. Powell’s speech may not introduce novel elements but instead reinforce the central bank’s cautious approach.  advertisement Fed Expected To Drill In 'Higher For Longer' In Jackson Hole Fed Chair Powell's Jackson Hole speech is unlikely to bring new elements to the US monetary policy outlook, says Julian Brigden, from Macro Intelligence 2. "They will keep holding out their powder because they don't… — *Walter Bloomberg (@DeItaone) August 24, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read

Shiba Inu Will Begin Implementing 'ShibPaper': Here’s What It Means

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The lead developer of ShibaSwap, Shytoshi Kusama, provided new updates about the Shibarium network early this week. For the uninitiated, Shibarium was launched on August 16, 2023, but it failed to help scale SHIB’s price up. However, in the latest blog post, Shytoshi provided details about implementing ‘ ShibPaper ’ and called it the foundation of the network and the ecosystem as a whole. So what is Shiba Inu’s ShibPaper , and what does it signify? In this article, we will highlight what ShibaPaper means and how it will be implemented in the SHIB ecosystem. Also Read: Shiba Inu To Reach 5 Cents? Here’s When SHIB Might Hit $0.05 Shiba Inu: What Is ShibPaper? Source: Freepik.com The ShibPaper is written by Shytoshi Kusama, and the developer described it as “the most comprehensive decentralization document the world has ever seen.” In simple words, ShibPaper is just a whitepaper that outlines the plans for Shiba Inu’s ever-growing ecosystem. It will act as a document that w