Home Blog Page 2863

Decentralized Finance Protocol Balancer Coming On Algorand Blockchain

0

The developers of the popular decentralized finance protocol Balancer plan to launch their project on the Algorand blockchain. The launch is scheduled for the third quarter of 2021.


Reach project will develop the Balancer version for the Algorand blockchain. Once launched, the Balancer protocol will allow users to create liquidity pools of ASA Standard (Algorand Standard Asset).

Jeremy Musighi, head of development at Balancer Labs said:

“We are pleased to support the Algorand and Reach teams with the help of the Balancer Ecosystem Fund. We will carefully monitor the work of the new implementation of our protocol, which, hopefully, will become a new source of liquidity for the Algorand ecosystem,”

Reach Tweeted:

 

Interestingly, Balancer Labs itself will not participate in the development of the implementation of the protocol based on Algorand.

In a message on the social network Twitter, it is said that Balancer Labs are busy with the Ethereum ecosystem and the upcoming launch of the second version of the Balancer protocol.

Merchant token ico

 

At the moment, Balancer is the fifth largest decentralized exchange in terms of trading volume.

In March 2021, the trading volume in the Balancer exceeded $2billion, and the total trading volume on Defi platforms reached  $60.67 billion.

In October last year, it was reported that the Balancer protocol will be launched on the NEAR blockchain.

Ontology DeFi Lending Platform Wing Launched On Ethereum

0

Wing, the credit-based cross-chain DeFi lending platform developed by Ontology, the public blockchain specializing in decentralized identity and data, is now live on Ethereum.

Launched on the Ontology blockchain in September 2020, Wing has seen monumental growth in both the total value locked, which now stands at over $200m, as well as in levels of lending and borrowing activity between users.


Following its integration with Ethereum, millions of global DeFi users will now have access to Wing’s unique lending, borrowing, and insuring options, including the option to swap assets into pegged assets on the Ontology blockchain where they can find lower transaction fees and higher processing speeds.

Wing is designed to promote a mutually beneficial relationship between borrowers, creditors, and guarantors through a decentralized governance model and risk control mechanism.

Li Jun, Founder of Ontology, said,

“In utilizing Ontology’s decentralized credit-scoring system, OScore, and decentralized identity protocol ONT ID, Wing enjoys easy identity verification and a full picture of an individual’s financial history, without showing the full value of these assets. We have deliberately designed OScore for this kind of application: both the individual’s privacy is protected, while risk for lenders is vastly reduced and correct due diligence can take place. Through this next-generation suite of innovative DeFi tools and products, individuals who obtain a high OScore will be able to maximize their borrowing capabilities and minimize their collateralization in the Inclusive Pool at Wing’s Ontology version.”

Ontology’s ONTO wallet also supports Wing on mobile. Wing has also been integrated into ONTO Web, a multi-chain identity extension wallet for Google Chrome that also supports diversified assets and decentralized applications from public chains such as Ethereum, Ontology and Binance Smart Chain.

Merchant token ico

The news follows announcements that Wing would sponsor the launch of two new Ethereum-based Chainlink Price Feeds, WING/USD and ONT/USD, and a partnership with SushiSwap which saw the addition of pWING-pONT and pWING-ETH into the SushiSwap Onsen liquidity program.

Grayscale Adds Chainlink To Digital Large Cap Fund (GDLC)

0

The world’s largest digital asset manager, Grayscale has filled the gap opened by XRP in the Digital Large Cap Fund with Chainlink (LINK).

Chainlink is one of the 10 largest cryptocurrencies with a market capitalization of more than $13 million.


The Digital Large Cap Fund (GDLC) in the Grayscale business has $538.2 million in assets under management. The fund is opened to investors only at certain periods of the year.

Number of products increased again to 6:

Investors can invest in cryptocurrencies with the largest market capitalization through GDLC. Corporate and qualified investors involved in the fund can sell after a one-year waiting period after making a purchase.

Read: 5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

Until this year, GDLC consisted of Bitcoin, Ethereum, Litecoin, Bitcoin Cash and XRP. On January 5, Grayscale took the decision to withdraw XRP from the fund. LINK will now fill the void caused by XRP removal.

Merchant token ico

As of April 2, the distribution of the fund is as follows::

  • 79.8% Bitcoin
  • 17.5% Ether
  • 0.80% Bitcoin Cash
  • % 1 Litecoin
  • 0.90% Chainlink

LINK increased 6.1% over the past 24 hours, trading at $33.11, according to CoinGecko data.

Grayscale has also established a chainlink trust recently.

Tether USDT Stablecoin Coming on Polkadot and Kusama

0

Tether announced that it will launch its USDT on Polkadot and Kusama networks. Exact dates were not announced when Tether will use the Polkadot and Kusama blockchains for stable coin USDT.


Tether currently operates on blockchains such as Ethereum, EOS, Omni, and Tron.

Tether announced Tuesday that it will begin using Polkadot and Kusama blockchains to issue USDT. According to the block, the company will be using the Kusama network in the initial phase.

Many blockchain projects use Kusama to prepare before switching to Polkadot, as Kusama share almost the same code of Polkadot.

Likely to use statemin:

Tether plans to use parachain, called Statemint, which was designed by Parity Technologies for the stablecoins production.

Statemint was introduced last month by Polkadot developer Parity Technologies. It would provide functionality for deploying assets such as stablecoins in the Polkadot and Kusama networks and help end-users with lower fees. Tether CTO Paolo Ardoino explained that they would wait for Statemint to be ready.

Development work for Statemint is expected to “take several months.”.

The company could start doing some test work on the Kusama network.

Merchant token ico

Tether CTO Paolo Ardoino Said:

We also continue to look at Kusama, said Ardoino. Kusama would theoretically allow us to start experimenting with supporting Tether on parachains even before Statemint is officially live.

In total, USDT, works with with 10 different blockchains, has a total market capitalization of more than $43 billion.

Read: 5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

5th largest by market capitalization, Polkadot was trading at $44.58 at the time of writing.

CoinShares Launches Physically Backed Litecoin ETP

0

Digital asset management company CoinShares has announced the launch of an Litecoin (LTC) exchange-traded product (ETP) with physical collateral. This is reported in the Company press release.


Each share of CoinShares Physical Litecoin (LTC) is provided with 0.2 LTC upon release. It will be traded on the largest Swiss stock exchange SIX Swiss Exchange under the ticker LITE and have a base commission of 1.5%.

“We are seeing interest from investors not only in BITCOIN and Ethereum, but also Litecoin. And LITE is the next step towards bringing a more comprehensive and diversified ETP offering to the MARKET, ” said Townsend Lansing, head of Development.

LITE will be the company’s third cryptocurrency ETP.

  • Product Name: CoinShares Physical Litecoin
  • ISIN: GB00BLD4ZP54
  • Ticker: LITE
  • Base Currency: USD

CoinShares is Europe’s largest digital asset investment house, managing billions of assets on behalf of a global client base. CoinShares’ investment products provide exposure to Bitcoin (BTC), Ethereum (ETH) and now, Litecoin (LTC) and are available to eligible institutional and individual investors throughout Europe.

In January 2021, CoinShares released the first such bitcoin-based product. The tool received the ticker BITC.

Merchant token ico

Next, the company launched Ethereum-ETP. It was also listed on the Swiss exchange.

Read: 5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

Recall that CoinShares and 3iQ Corp announced the launch of a Bitcoin ETF in Canada. The companies are now awaiting regulatory approval.

Purestake Completed $6 Million Funding Round For Moonbeam Smart Contract Platform For The Polkadot Network

0

PureStake, the developer of Polkadot’s smart contract platform announced that they have completed a $6 million funding round for “Moonbeam,” with participation from major exchanges Binance and US coinbase venture capital.

The strategic investment round led by Binance Labs along with major blockchain investment companies like CoinFund and ParaFi, Well-Known venture capital firms from the blockchain industry such as Coinbase Ventures, Fenbushi Capital, Hypersphere Ventures and Signum Capital.


The funding will be used to hire development personnel, build integration tools, conduct third-party security audits, and prepare for the launch of the Moonbeam mainnet, which is scheduled for mid-year.

Read: 5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

What is Moonbeam

Moonbeam is one of Polkadot’s main parachains that enable improved interoperability and scalability between different blockchains. Parachain is a shard chain that connects to Polkadot’s main chain, Relay Chain, and is an independent blockchain.

It is possible to build unique tokens and economic zones within each parachain, and to include designs and functions specific to each use case. You can also send and receive messages and transactions between parachains.

The Polkadot ecosystem provides a modular framework “Substrate” for building blockchains. It also includes the EVM (Ethereum Virtual Machine), which is highly compatible with Ethereum because Moonbeam is built on the EVM. As the easiest on-ramp for building apps on Polkadot, you can integrate existing smart contracts on Moonbeam with minimal changes, or develop smart contracts using Solidity that developers are accustomed to. Moonbeam seems to be a promising project to establish an Ethereum-compatible network on Polkadot.

Project on Moonbeam

Moonbeam is a relatively new project but in the last 6 months various new projects were built on Moonbeam and many projects integrated their functions with Moonbeam.

Below are some examples:

  • SushiSwap
  • Balancer
  • IDEX
  • Seascape
  • Linear Finance
  • Ocean Protocol
  • METAMASK
  • Chainlink

The Moonbeam development team plans to move the network in multiple stages.

Merchant token ico

1. Parachain operation on the test net (executed).

2. Operate “Moonriver” on Polkadot’s experimental network “Kusama”.

3. Official operation of Moonbeam network on Polkadot (scheduled for the second half of this year)

Read: 5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

MicroStrategy Buys More Bitcoin Worth $15 Million

0

MicroStrategy announced that it had purchased 253 Bitcoins worth $15 million. The company’s balance sheet includes 91,579 Bitcoins as of April 5th.


MicroStrategy announced today that it is expanding its Bitcoin reserve in a document submitted to the SEC. The company put the average purchase price of the 253 Bitcoins it bought today at $59,339. BTC/USD is trading at $57,994 on Coinbase at the time of writing.

There are 91,579 BTC in reserve

The company first announced its cryptocurrency investments in August 2020, has since purchased 91,579 Bitcoins in total with an average purchase price of $24,311, spending a total of $5 billion 311 million on BTC.

Merchant token ico

The company earned 138% on its Bitcoin Investment and doubled its money. MicroStrategy shares price was $123.92 on July 31, compared to $703.56 today.

5 Exciting Altcoin News To Follow This Week Plus Other Major Altcoin Updates

0

As the crypto market started the new week, the BTC dominance fell below 55%. The total value of the market is more than $1 trillion 940 million and about $900 million of it comes from the altcoin market.

Altcoins such as BitTorrent Token (BTT), Holo (HOT) have gained much reputation because of their extraordinary performance.

Five Altcoins that we think will show nice performance this week are Elrond Network (EGLD), PancakeSwap (CAKE), Pundi X (PUNDIX), Ecomi (OMI) and Swipe (SXP), respectively. along with highlights of some other main coins events.


Altcoin News To Follow This Week:

Elrond Network (EGLD)

News This Week: Elrond announced in February that the DeFi module designed by Elrond Network will be available in different stages. The first phase of the module is planned to start on April 9th.

Why To Follow: Elrond DeFi 2.0 has been designed to launch  products such as Elrond swap, Elrond lending, Elrond launchpad, Elrond synthetic asset, Elrond NFT, Elrond ESDT, Elrond stablecoin. These products will be used by banks, businesses, startups and individuals. Elrond DeFi 2.0 will be fast without scaling problem. Benjamin Mincu, CEO of Elrond Network, describes this as the “era of autonomous banking”. The process, which is expected to start on April 9, will continue for months.

Read More On: https://elrond.com/blog/elrond-defi-20-autonomous-banking-economic-growth/

Merchant token ico

PancakeSwap (CAKE)

News This Week: The PancakeSwap team announced Biggest ever token burn.

Why To Follow: PancakeSwap started to reduce token supply more rapidly after last week voting. On March 29, The team burned 4,274,788 Cake tokens about $73 million worth.

The team announced Next week will be the biggest CAKE burn ever (so far). 

Burning of cake token is reducing supply and as there is high demand of Cake tokens, there are chances that CAKE will make news All-Time-High after token burn.

 

Pundi X (PUNDIX)

News This Week: Pundi X Labs is preparing to switch from NPXS to PUNDIX and to open staking this week.

Why to follow: NPXS token, developed by Pundi X Labs, will be changed to PUNDIX. Exchanges supporting the update will delist NPXS and support PUNDIX.

Binance has announced support for PundiX update. Binance, will open PUNDIX/ETH and PUNDIX/USDT pairs on April 9.

Read Our Complete Guide On PundiX

On April 6, staking will begin on Function X developed by Pundi X Labs. The event that will last until June 15.

Function X Foundation will be allocating 10,500,000 FX tokens for the first onchain staking event, in which 6,930,000 FX (66%) allocating to PUNDIX holder and 3,570,000 FX (34%) allocating to FX holder. The whole distribution will last for 29 weeks (203 days). The staking event will be distributing 1,050,000 FX per week, or 150,000 FX per day.

Read More About PundiX staking: https://medium.com/functionx/function-x-march-hashout-part-2-43c0e61b1636

ECOMI (OMI)

News This Week: ECOMI plans to release the DeLorean collection On its VeVe app on April 8th.

Why To Follow: Digital collections can be made interactive with augmented reality, and the DeLorean project draws attention as augmented reality is used in it. The collection is expected to be available in a static version this week, and in a controllable form in the future. ECOMI COO Dan Crothers says the interactive version in development will “be a crazy thing.

Swipe (SXP)

News This Week: Swipe Ignition will be integrated into Swipe Swap, which is compatible with both Ethereum and Binance Smart Chain, on April 9.

Why To Follow: With Swipe Swap, digital asset trading can be made on-chain. The Ignition project is designed to enable newly established projects to raise capital with the Initial Wallet Supply (IWO) and enter the Swipe ecosystem.

 

Other Altcoin News (Top 100)

Merchant token ico

Some other altcoin news falling in Top 100 are as follow:

Avalanche (AVAX)

  • 05 Apr 2021 (or earlier)
  • Encode Avalanche Club
  • “We are delighted to announce a dedicated Avalanche Club accelerator as a follow-on.”

Source: https://medium.com/encode-club/announcing-the-encode-avalanche-club-ea25e5187b48

Celsius Network (CEL)

  • 05 Apr 2021
  • Webapp Soft Launch
  • “we are soft-launching our Webapp as early as April 5!”

Source: 

 

Dent (DENT), Filecoin (FIL) and Wink (WIN)

  • 05 Apr 2021
  • Nami Listing
  • Nami Exchange will list #DENT, #FIL, #WIN and will open trading for DENT/USDT, FIL/USDT, WIN/USDT trading pairs at 14:00 (UTC + 7) on April.

Source:

Ontology (ONT)

  • 05 Apr 2021.
  • Live AMA.
  • “Our Head of Community, Will Be Answering Questions in an AMA, April 5th at 6:00 PM UTC Live on @CryptoCoinsCoach.”

Source: 

Holo (HOT)

  • 05 Apr 2021
  • LCX Listing
  • “LCX is now supporting HOLO ( $HOT Token ) at LCX Exchange. Deposits are open now. Trading will start tomorrow.”

Enjin Coin (ENJ)

  • 06 Apr 2021
  • JumpNet
  • “JumpNet: Launching April 6, JumpNet is a high-speed bridge network that will allow free, instant on-chain transactions of Enjin Coin.”

Source: 

Enjin Coin (ENJ)

  • 06 Apr 2021
  • GameTalkTalk Integration
  • “Eco-friendly #NFTs are coming to South Korea’s largest social gaming app and its 3 million users, powered by JumpNet launching April 6.”

Source: 

Cosmos (ATOM)

  • 06 Apr 2021
  • Coineal Listing
  • Trading: from 8:00 Apr 6 (UTC) | Pair: ATOM/USDT, ATOM/BTC”

Source: https://support.coineal.com/hc/en-001/articles/360062147494

ECOMI (OMI)

  • 06 Apr 2021
  • Mermicorno Series 1
  • “Only on the VeVe App, tokidoki’s Mermicorno Series 1 drops Tuesday, 6th April at 8 am PST on the VeVe iOS and Android apps.”

Source: https://medium.com/veve-collectibles/tokidoki-mermicorno-series-1-99897303bab4

Hedera Hashgraph (HBAR)

  • 06 Apr 2021
  • Mainnet Maintenance
  • The Hedera mainnet will undergo maintenance on Tuesday, April 6th, 2021 at 18:00 UTC. It’s estimated to take approximately 2 hours”

Source: https://status.hedera.com/incidents/klq3084z3y90?u=4fbrxc5znfjk

0x (ZRX)

  • 06 Apr 2021
  • Live AMA
  • “Mark your calendars for a YouTube AMA with 0x Co-Founders @abandeali1 and @willwarren89 on April 6, 2021 at 1.30 pm US Pacific Time.”

Source: 

DxSale Network (SALE) and Zilliqa (ZIL)

  • 07 Apr 2021
  • ZIL Dx Locker Launch
  • “@Zilliqa Dx Locker Launching on April 7th”

Source: 

VeChain (VET)

  • 08 Apr 2021
  • Business Bridge
  • “Jay Zhang of VeChain will take part in this panel discussion looking at how blockchain solves food safety challenges.”

Source: https://www.danskindustri.dk/arrangementer/soeg/webinarer/internationale-webinarer/blockchain–the-china-way/

Bitcoin SV (BSV)

  • 08 Apr 2021
  • Virtual Meetup
  • “Our Next BitcoinSV Virtual Meetup Will Be Held on Thursday 8 April 2021 at 7pm (CST).”

Source: 

Stacks (STX)

  • 09 Apr 2021
  • UFM x STX
  • Introducing the Stacks ecosystem to Universidad Francisco Marroquin.

Source: https://community.stacks.org/events#event=41594250

Merchant token ico

Flow (FLOW)

  • 09 Apr 2021
  • Technical AMA
  • “Come ask us any technical questions and tell us about your exciting project this Friday, April 9 at 12pm PT /3pm ET”.

Source:

 

 

Bank of Japan To Start Testing Central Bank Digital Currency (CBDC)

0

The Bank of Japan has launched the first phase of testing the national digital currency or Central Bank Digital Currency (CBDC) as stated in the Bank report.


At this stage, the bank will develop a test environment for CBDC and conduct experiments with its main functions. The first phase will last until March 2022.

According to the roadmap, After the first phase the Central Bank will offer the digital Yen to private enterprises and end users.

In March 2021, the governor of the Bank of Japan, Haruhiko Kuroda, said that the regulator had no plans to issue a CBDC soon.

Merchant token ico

In the 2020 summer, the Bank of Japan created a working group to study central bank digital currencies and to participate in joint research with regulators of other countries.

Ken The Crypto Tells You How To Get The Most Out Of The 2021 Bull Run

0

The year 2021 is what people call the “Bitcoin Year“, and the reason is self-explanatory. This recent bull-run has brought to the crypto community not only vendors but also institutions and big businesses.

Elon Musk invested $1.5 billion in Bitcoin, and in less than a month, he got a $1 billion profit. Therefore, the news spread quickly. A huge wave of people joined the crypto hype, bringing Bitcoin to a market cap of $1.7 trillion.


But what if I told you that Bitcoin is not your ticket to a life without financial worries?

Who says that? A person who caught my attention a few months ago and who continues to surprise me with every new video posted on his YouTube channel – Ken. Ken the Crypto.

Who is Ken?

Ken is a crypto enthusiast passionate about investments, who owns the YouTube channel I’ve bumped into three months ago – “Ken the Crypto”. And let me tell you, it’s one of the best crypto channels I’ve come across.

What I like about him regarding his channel is his casualty when he explains some of the strategies.

He is very transparent and sincere, never claiming that he is an expert. His reviews are based on his own experience, and he is happy to share it with other people – however, he doesn’t describe himself as a financial advisor.

Merchant token ico

He risks; that’s what defines him. He may succeed, he may lose, but he experiments – finding new gems and new strategies.

Another thing that I consider very ingenious about him is that he doesn’t work with Bitcoin but with Altcoins. Especially those with a small market cap. And he gives an excellent explanation for this.

You buy them at a really low price and their value doubles by the day. It’s a quick and easy way to earn additional money. And if you want to have great results, then don’t be afraid to buy as much as you can.

Ken’s investments are mid-high risks, with at least $10,000 up to $50,000 per project. The positive changes in the value of altcoins make profits up to 10 times the investments, which is a lot.

And people’s comments prove how many lives became better with his channel’s help, from those of prudent people to riskier ones. For example, a fan invested $600 and came out with $6,000. Another one invested $33,000 and led to $100,000 in less than a month.

The more you invest, the greater is the result. If an altcoin doubles in value and you invested just a dollar, you wouldn’t earn much. But imagine if you invested a hundred dollars, or even a thousand.

How is his Youtube channel different than the other ones?

Besides his experiment results, the channel stands out with Ken’s dedication and attitude towards his viewers.

First of all, he never says “do what I do and success will be guaranteed”. Quite the opposite. Those strategies worked for him, but that doesn’t mean it will work for you 100%. He encourages his viewers to do their own research before jumping to his strategies.

At the same time, he gives plenty of information we can use in our investments, from trades to lists and even resources.

Second of all, his channel has very interesting videos, which talk about particular subjects that Big YouTubers and news articles don’t really cover – like how to prepare for a crypto crash or the reasons you don’t make profits with some altcoins.

He also presents market changes that substantially influence altcoin’s values. For example, he noticed that the FOMO phenomenon is bigger than ever among most crypto users and that some exchange fees became way too pricey.

And sincerely, I would never forget how he opened my eyes regarding Ethereum investments – which are a waste of time and money. The real altcoin gems are found on the Binance smart chain and Avalanche network.

Why do I trust Ken’s expertise?

I don’t know about you, but I appreciate the passion he puts into his work. The videos on his channel are very well documented, with qualitative information and sustainable decisions.

He doesn’t try his luck with his investments, even if he loves to take risks. All of his choices are based on comprehensive research, and even more, he uses various software and tools to validate his research – like auto-farm or the Bitcoin Rainbow chart.

Plus, he proved his potential from the beginning. He started all this adventure in April 2017 when he was in college. He invested $20 in ETH, and he arrived at a profit of almost $2,000 at the end of the summer. Until the end of December, the same year, his profit went to $30,000, and less than a month later, he hit $100,000.

This encouraged him to drop out of college and dedicate his time to crypto and YouTube, helping others fight debt and other financial issues. His most successful project brought him $150,000 out of $15,000 in just a single month.

He risked everything to dedicate to his passion, and I am glad I discovered him. I personally think he is extremely underrated, considering his work and the quality of it.

Merchant token ico

Any advice for the 2021 Bull Run?

He couldn’t miss such a thing. Ken recently posted a video about it, which completely changes the way we look at crypto investments. In the video, he tells us everything we need to know to reach profits of no less than 100 times our investment.

That’s right! And I am thrilled to try his new strategy, let alone excited to tell you as well.

If you also want to substantially increase your income, check out Ken’s Youtube channel and let me know how these strategies work with your own portfolio!