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“# Binance completes Polygon wallet integration ” Binance has fully integrated the Polygon (MATIC) mainnet onto its platform, according to a press release. From now on, Binance traders can deposit and withdraw MATIC through their Binance accounts while also interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, and more. This integration is meant…
“# How yield farming on decentralized exchanges can become less risky ” The DeFi industry has been gaining momentum since 2020, offering a new perspective on the world of finance and a new way for investors to make money. In its essence, DeFi, also known as Decentralized Finance, is an ecosystem of applications and services…
“# Nifty news: Polyient marketplace, Ronaldinho drop, and a ‘staggering’ $4800 NFT sale … ” Investment firm and development studio Polyient has unveiled an NFT marketplace with decentralized finance (DeFi) functionality. The marketplace dubbed “PolyientX” is set for a beta release in August on Ethereum, with an official launch targeted for sometime in the Fall….
“# Synthetix turns on layer-two alpha, launches Olympics betting on options platform ” Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform. The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and…
“# PayPal set to launch crypto trading in the UK and may embrace DeFi ” Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services. According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading…
“# Altcoins pump while traders anticipate a lower support test from Bitcoin ” Bitcoin (BTC) bulls are locked in a battle with bears in order to take control of the $40,000 level and dovish comments from U.S. Federal Reserve Chair Jerome Powell suggest that loose monetary policies will remain in place for the foreseeable future. Generally,…
“# Algorithmic stablecoins show promise of reducing volatility — ShapeShift ” Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. In its latest New Frontiers research study, ShapeShift explores the recent growth…
“# Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens ” Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28….
“# Traders anticipate ‘DeFi Summer 2.0’ after TVL and token prices rise ” Decentralized finance (DeFi) was one of the main factors that pushed the crypto market higher throughout 2021 and to date, platforms like Uniswap (UNI), SushiSwap (SUSHI) and Aave (AAVE) form the bedrock of the sector. Similar to altcoins, DeFi tokens took a…
“# ZKSwap’s V2 mainnet is set to go live tomorrow ” Decentralized cryptocurrency exchange ZKSwap has announced that its upcoming V2 mainnet will go live on July 28 via the Layer 1 Ethereum mainnet. A layer 2 launch is planned to occur sometime thereafter on Binance Smart Chain, Huobi Eco Chain, and OKEx Chain. This…