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Regulations Tighten On South Korean Crypto Exchanges Listing "Low Credibility" Altcoins
Regulatory bodies are cracking down on crypto exchanges around the world. Following Binance's FCA ban, certain South Korean exchanges have also started facing the heat from their country's financial watchdogs. According to the latest report, certain cryptocurrency exchanges in South Korea are currently at risk of being denied access to personal bank accounts on charges of having “too many coins” on their trading platforms. Read More
Bumper Finance Announces The Details Of Their Liquidity Staking Program
Everyone knows the most rewarding experiences come when you put some effort in. Bumper is no different. For the reward of being able to engage God-Mode on your Crypto, their Liquidity Provision Program seems far too easy. Like playing Galaga at half speed.
By now, you should understand how much of a game changer Bumper is going to be. Not just within DeFi but also in the broader Crypto and financial markets. This is the birth of a new way to protect the price of your crypto assets, so kiss goodbye to volatility. For a quick overview, checkout our founders talking about the future of Bumper. They’ll get you excited at the prospect of Bumper’s role in this global shift from TradFi to DeFi. Read More
MARKETHIVE - Entrepreneur One Upgrade Explained
This opportunity of upgrading to the Entrepreneur One loyalty program where you will receive a 1/10th iLP every year you are active and current will soon disappear, so don't miss out. Instead of a few investors taking the lion's share of the profits like all other platforms, Markethive is giving you the chance to be part of the early adopter phase. You will own a piece of this next-generation social market network that includes everything you need to be successful online.
It's not about the bottom line for Markethive; it's about you, the member, the "rank and file." You are a virtual owner of Markethive; it's your company where you receive valuable tools and considerable returns from the ILP. The ILP is on track to commence revenue payments early next year and will grow as Markethive grows. Read More
Ethereum Classic devs announce upcoming hard fork
On Monday, developers of the Ethereum Classic (ETC) blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July.
The upgrade, which the community has dubbed "Magneto,” will include the four Ethereum Improvement Proposals, or EIPs, first seen in Ethereum’s Berlin upgrade earlier this year. These proposals are meant to improve the network’s security, while saving on gas costs by storing addresses and keys in one place for users to access with a single transaction. Read More
Mexico may not be following El Salvador's example on Bitcoin... yet
Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country.
In a Monday press conference, representatives from Mexico’s finance ministry, the Bank of Mexico, and the National Banking and Securities Commission issued a joint statement warning investors virtual assets carried inherent risks as a medium of exchange and store of value. They added that any financial institution based in Mexico is “not authorized to carry out and offer to the public operations with virtual assets,” specifically mentioning Bitcoin, Ether, and XRP. Read More
From Aave to Yearn: These Are DeFi's Blue-Chip Tokens
As the DeFi space grows, so do rug pulls and scams. Decrypt has identified the DeFi projects that have the best reputation and investor trust—for now.
In the nascent and rapidly evolving DeFi (decentralized finance) sector, Decrypt has identified eight projects that have achieved something close to blue-chip status with the community—for now. Our criteria include reputation, lack of hacks, price performance, and continued updates and new features.
DeFi is still so new that it might feel crazy to crown any DeFi projects “blue chips” yet. Read More
Filecoin Now Has Its Own Stablecoin. But Why?
ICHI, a protocol for creating “decentralized money authorities,” has launched a new stablecoin for the Filecoin network called "oneFIL."
Filecoin, which is a decentralized network that offers storage space for users, is working with ConsenSys (which funds an editorially independent Decrypt) to expand its digital marketplace on the Ethereum network. ConsenSys had previously announced plans to work with Protocol Labs, the team behind the Filecoin network, to integrate Filecoin with Ethereum and seek out greater interoperability.
The next step in that plan appears to be oneFIL; its purpose is to provide a stablecoin for the transactions that are required to support application development on the network. It also aims to enable better discounts and incentives for Filecoin storage buyers and providers. Read More
DeFi Yield Protocol (DYP) Continues to Expand Its Ecosystem
DeFi Yield Protocol has emerged as one of the fastest-growing crypto projects with an expanding ecosystem. DYP allows DeFi users to leverage advanced trading tools to earn yield on their assets while taking advantage of the unique DYP Tools decentralized application.
DYP has attracted the attention of many within the crypto space due to its features that include its unique Anti-manipulation system. The anti-manipulation feature ensures the stability of DYP tokens by automatically converting DYP rewards to Ether (ETH) or BNB by 00:00 UTC daily and distributing rewards to liquidity providers. Read More
Binance Asks Users From Entire Canadian Province To Close Accounts Amid Crypto Exchange Crackdown
Binance is ending its services in Ontario, Canada as crypto exchanges in the province face heightened regulatory scrutiny.
In a statement, the global crypto exchange says that Ontario has become a restricted region effective Saturday, June 26th. It also asks users in the province to close their accounts by the end of the year. Read More
Polygon to Launch an All-Purpose Blockchain Dubbed Avail
Polygon is planning to launch Avail, a general-purpose blockchain network for standalone chains, sidechains, and other Layer-2 solutions. Polygon, a full-stack scaling solution for Ethereum formerly, known as MATIC network, plans to launch an all-purpose scalable data availability layer dubbed Avail. Read More
El Salvador Will Be a Serious Test for Bitcoin's Layer-2 Networks
The adoption of legislation in El Salvador that could help foster the further development of bitcoin (BTC) as a store of value and medium of exchange in the country is one of the most important developments in the entire history of cryptocurrencies. This is the closest a country has ever come to adopting a bitcoin standard. That said, the US dollar is likely to remain the major unit of account in El Salvador for some time. Read More
Woonkly Launches Defi.finance, First Decentralized Regulated AMM Exchange
Defi.finance complies with anti-money laundering and customer identification measures to attract institutional investors.
Tallinn, Estonia, June 24, 2021. Woonkly Lab, a venture builder specialized in blockchain, has just announced Defi.finance, the first decentralized exchange (Automated Market Maker) that targets large institutional clients thanks to the guarantee which offers to comply with the anti-laundering and customer identification regulations (AML-KYC) and under the cryptocurrency exchange license that Woonkly has in Estonia.
Defi.finance was announced yesterday at the 7th edition of the Global Blockchain Congress in Dubai, in which Woonkly was the main sponsor. Read More
Blockchain development platform Tatum integrates Harmony blockchain
With Tatum, developers can quickly and easily build apps on the innovative network with zero blockchain experience...
Tatum, a blockchain development platform, announced today that Harmony, a fast and open blockchain that places an emphasis on cross-chain compatibility is now integrated into Tatum.
Firstly, Harmony features 2-second transaction finality and 100 times lower fees than Ethereum. Furthermore, Harmony includes a highly secure random state sharding mechanism and offers cross-chain asset transfers from Ethereum, Binance, and other blockchains.
The Harmony DeFi ecosystem is now accessible to developers of all skill levels; as Tatum’s unified API allows them to leverage its powerful functionality without coding for the blockchain itself. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
