Amazon and eBay don’t appear to be in a hurry to start accepting crypto. Does the digital assets sector need to create a platform of its own? When Satoshi Nakamoto released the whitepaper for Bitcoin, his vision was simple: Creating a form of electronic cash that enables payments to be sent without a bank’s involvement. Few…
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In the last 30 days, FTX Token rallied 105% as its exchange surpassed BitMEX and Deribit’s open interest, but is there room for further upside? FTX is a cryptocurrency derivatives exchange backed by Alameda Research, a quantitative trading firm and crypto liquidity provider. The exchange launched in April 2019 and offered the usual spot trading,…
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The payments giant is bullish on stablecoins, but may be overlooking the potential of DeFi During the Visa Q1 earnings call on Thursday, chairman and CEO Al Kelly devoted a portion of his comments to reaffirming the financial giant’s commitment to crypto payments and onramps, as well as explaining “how Visa thinks about crypto in…
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In 2021, we’re likely to see a lot of crypto industry players adopt sidechains and parachains to provide a better experience for their users. When the decentralized finance sector exploded in summer 2020, it was an eye-opening moment that showed crypto’s actual capabilities to revolutionize finance. However, the boom also exposed a lot of vulnerabilities…
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The total value locked in 1inch is closing in on $1 billion, and the decentralized exchange aggregator has processed nearly $6 billion this month. This week the total value locked in decentralized finance platforms reached a new high at $26.2 billion, and this record high was achieved even as Bitcoin (BTC) price appeared to be…
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Automated token exchanger LuaSwap is cutting costs by employing a second-layer alternative to transacting on the heavily crowded Ethereum mainnet. The number of projects adopting layer-two solutions for Ethereum’s scaling woes is increasing, with LuaSwap rolling out a new, TomoChain-based exchange engine yesterday. The change will enable the Uniswap inspired exchange to perform token swaps with…
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While apes rejoiced at the sight of DeFi bags in Cuban’s addresses, he might be preparing for a bearish future. Shortly after a limited edition non-fungible token release, entrepreneur and Dallas Mavericks owner Mark Cuban has called into question the valuations in the NFT space, as well as those in half a dozen other asset…
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As retail trust in the stock market comes under strain, DeFi developers champion an alternative system. As legacy markets roil, brokerages break down and accusations of market manipulation fly, longtime decentralized finance adherents can’t help but say “I told you so” when it comes to the need for open, unstoppable, permissionless financial architecture. Earlier today,…
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IOVLabs wants to improve on Ethereum’s meta-transaction adoption. Bitcoin’s smart-contract-enabled sidechain RSK is introducing the concept of meta-transactions, which allow third parties to pay for a user’s transaction fees. Announced on Thursday, the “RIF Enveloping” solution enables wallet providers to pay for their users’ transactions. Paying transaction fees is currently a major bottleneck in the…
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Fees are a DeFi user’s nightmare. How can you pay less? This is a repost of Finance Redefined’s latest installment, where Cointelegraph unpacks the latest developments in DeFi. The newsletter is delivered to subscribers every Wednesday. Decentralized finance was reasonably quiet in terms of major fundamental developments, instead letting prices do the talking. Many tokens…
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