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“# Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high ” Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible…
“# Bancor introduces new staking pools and instant impermanent loss protection ” Decentralized automated market maker (AMM) Bancor is set to launch new staking pools and an upgrade to its impermanent loss protection mechanism as part of its long-awaited Bancor 3 update. Bancor was founded in 2017 and was the first DeFi protocol to introduce…
“# DeFi TVL hits new highs while Metaverse tokens show signs of exhaustion ” Sentiment in the cryptocurrency market is back on the rise on Nov. 29 as the recent dip down into the “extreme fear” zone on the Crypto Fear and Greed Index improved slightly after Bitcoin (BTC) recovered above the $57,000 support, lifting…
“# eToro to delist Cardano by 2022 for US users due to regulatory concerns ” In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able…
“# eToro to delist Cardano by 2022 for US users due to regulatory concerns ” In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able…
“# Decentralized exchanges aren’t ready for derivatives ” If the words “derivatives trading” conjures up images of men in suits with disheveled white sleeves rolled up to the elbows and exacerbated expressions on their faces — like something out of The Big Short — then the word decentralized exchanges (DEXs) must conjure up, well, nothing. …
“# White paper introducing Jack Dorsey’s decentralized Bitcoin exchange published on Friday ” Jack Dorsey, co-founder, and CEO of both Square and Twitter, released a white paper Friday detailing plans for Square’s decentralized Bitcoin (BTC) exchange tbDEX. Unlike most decentralized exchanges, or DEXs, tbDEX will not utilize a trustless model, and therefore will not feature…
“# Small-cap altcoins stage a recovery as Bitcoin traders aim to recapture $60K ” The fortitude of Bitcoin (BTC) holders continues to be tested on Nov. 17 as a number of attempts to push the price to $59,000 and below grow. This level has been well defended by bulls but analysts are still watching for…
“# IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high ” In the past 30 years, the growth of the internet and digital technology has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a…
“# DeFi traders cry foul after only 0.015% of active ParaSwap wallets receive PSP tokens ” Airdrops are once again back in style following the recent five-figure token drop from the Ethereum Name Service protocol that kicked off a flurry of protocol engagements from hopeful crypto enthusiasts looking to get in on the next “crypto…