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” Synthetix commence debt pool merger to enhance liquidity and staking capabilities “ Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking participants in two distinctive categories: SNX inflationary staking rewards and Debt Hedging….
” IOSCO says DeFi is quickly evolving and ‘cloning financial markets’ “ As decentralized finance (DeFi) space grows, regulators are giving more effort to conducting research and providing a means to better understand the emerging industry. Today, the International Organization of Securities (IOSCO) published a report that aims to give a perspective on DeFi and…
” Interlay aims to advance Bitcoin’s DeFi potential with new interoperable bridge “ Interlay, a newly appointed Polkadot (DOT) parachain network, is nearing the completion of a two-year Bitcoin (BTC) bridge development project on Polkadot, with the launch announcement on its sandbox platform Kusama. Additionally, Interlay has integrated a Wrapped Bitcoin (wBTC) digital asset, known…
” Stargate Finance attracts $1.9B in six days “ Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching. Stargate markets itself as a liquidity transport protocol that allows users to transact native…
” Charles Hoskinson cheekily admits: ‘I was wrong’ about DApp rollout “ Co-founder of the Cardano blockchain Charles Hoskinson has cheekily admitted that his July 2020 forecast of the number of DApps coming to the blockchain has not yet come to fruition. Referring to his famed July 2020 tweet, Hoskinson tweeted on Mar. 23, “Remember…
” Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement “ Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public’s awareness of Web3 and the value of blockchain technology. One project that has been climbing the charts amidst a…
” Coinbase Cloud launches Avalanche developer tools suite “ Web3 developer hub Coinbase Cloud has added a suite of tools to support development on the Avalanche blockchain and smart contract platform. As part of the new support features, Coinbase Cloud is running an Avalanche (AVAX) public validator node. This allows Avalanche network participants to stake…
” Tokens pose lesser risk than gold and oil for UK investors: Survey “ A survey on investors across the United Kingdom has revealed a growing interest in the new asset classes that threaten to overshadow traditional finance — driven by factors such as ease of access and an adolescent crypto market. Among the 2000…
” OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4 “ Data security and accessibility have become important issues of the modern age as the world slowly progresses towards a Web3 future that establishes blockchain technology as the underlying infrastructure for the new internet. One project that is looking to capitalize on…
” Luna token price is soaring, but is the network’s growth sustainable? “ Terra, an open-source blockchain platform for algorithmic stablecoins, has been on fire over the last half-year or so. The value of its native crypto asset Terra (LUNA) has risen from $24 to over $100 during the last six months, placing it in…