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Swipe right: A Tinder-like approach to venturing into DeFi and Web3
Investing in DeFi and Web3 is now super easy with this platform, aiming to make crypto accessible to all.
Investors use multiple tools to explore, invest and manage decentralized trading. This platform brings together the best of all worlds in one simplified interface to make investing in Web3 easier for all investors.
The many ways and steps to invest and get exposure to Web3 finance can be intimidating, and the fact that blockchain is a fragmented industry adds to the pain. The good news is that user-friendly DeFi solutions are starting to show up. Read More
Balancer Suffers Nearly $1M Exploit as Team Urges Users to Withdraw Funds
Less than a week after the team first announced the vulnerability, DeFi project Balancer has been exploited for roughly $979,000.
Popular decentralized exchange Balancer suffered a hack on August 27, losing close to $1 million.
The exploit came less than a week after the team disclosed a “critical vulnerability.” On August 22, the Balancer team asked the liquidity providers (LPs) on the exchange to withdraw funds from certain pools that were exposed to the vulnerability.
The Balancer team acknowledged the hack this morning, saying they are “aware of an exploit related to the vulnerability.”
Meir Dolev, founder and CTO of crypto security firm Cyvers, identified the hacker's Ethereum address, which received three transfers of DAI stablecoin totalling approximately $979,420 since Sunday. Read More
Charles Hoskinson Asserts Cardano Will Surpass All: Envisioning ADA as the Leading Global Cryptocurrency
During the Rare Evo blockchain and cryptocurrency convention, Cardano’s founder Charles Hoskinson expressed his conviction that ADA will eventually become the “biggest cryptocurrency in the world.” Simultaneously, ADA’s value has plummeted 15.2% against the U.S. dollar over the last month, earning it the seventh-largest spot based on crypto market capitalizations.
Cardano Poised to Outshine Bitcoin and Ethereum, Claims Founder Charles Hoskinson:
At the recent Rare Evo blockchain event, Charles Hoskinson, an Ethereum co-founder and Cardano founder, shared his thoughts on ADA. He anticipates that ADA will eventually overtake Bitcoin (BTC) and Ethereum (ETH) by climbing to the top of crypto asset rankings worldwide. “So, that is our challenge, and this is why I think that Cardano is probably going to become the biggest cryptocurrency in the world,” Hoskinson opined from the main stage.
“I think that it’s going to become more than just a cryptocurrency. I think it’s going to become the backbone of a new digital nation, a new society—a place where we can finally begin to trust each other again, where we move from ‘don’t be evil’ to ‘can’t be evil,'” added Hoskinson. Read More
Binance launches crypto-to-bank account payment product in Latin America
Binance’s Send Cash product will facilitate crypto payments from nine countries to bank accounts based in Argentina and Colombia.
Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region.
On Aug. 30, Binance said it’s working with licensed transfer processing providers for its new “Send Cash” product that allows users from nine countries to transfer crypto funds directly to bank accounts.
The new function is available for users in Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, the Dominican Republic, Panama and Mexico.
Users from these countries will be able to send money via Binance Pay to recipients with bank accounts in Colombia and Argentina. Binance Pay, which has seen growth in Africa, Asia and Eastern Europe, is the exchange’s native crypto payment technology platform. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
10 ways traditional companies can benefit from partnering with blockchain projects
The right blockchain project partnership can smoothly guide a traditional business into the emerging world of Web3.
Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentralization to be the future of business and financial transactions, there is likely a sense of urgency behind at least better understanding the possible benefits.
Rather than striking out on its own, a traditional company might benefit from partnering with a well-matched blockchain project, whose leaders can offer expertise not only in the underlying technology, but also in the best ways to leverage it. Below, 10 members of Cointelegraph Innovation Circle discuss ways traditional companies — and their blockchain partners — could benefit from teaming up. Read More
What's a Bitcoin Drivechain and Why Are Devs At Odds Over Its Proposal?
A single Bitcoin upgrade could guarantee the network's victory over all other coins, proponents say. Others think it'll introduce shitcoins to the network.
A major proposal to increase Bitcoin’s functionality is making the rounds on Twitter—and as is now par for the course, it's stirring controversy among developers.
“Drivechains”—proposed by Paul Sztorc as BIP 300 and BIP 301—would create a native sidechain mechanism for Bitcoin, allowing BTC to be “trustlessly” bridged to separate chains.
The sidechains are secured through blind merge mining, which allows Bitcoin’s existing miners to effectively secure other blockchains without needing to run the sidechain’s software. These networks could be built with whatever alternative functionality that developers want while inheriting both Bitcoin’s security and native currency.
“Sidechains are a kind of ‘holy grail’ upgrade to Bitcoin,” Sztorc told Decrypt via DM. “We get every single feature we could want, and—even better—the features are all opt-in.” Read More
Grayscale Wins Appeal Against SEC to Convert Bitcoin Trust to ETF
GBTC is Grayscale's flagship Bitcoin fund, with $16 billion in assets under management.
A judge has ordered that the Securities and Exchange Commission’s (SEC) denial of Grayscale’s spot Bitcoin ETF application be reviewed, according to an opinion issued by the U.S. Court of Appeals for the D.C. Circuit on Tuesday.
The decision represents a landmark moment for crypto. The SEC has denied several applications for spot Bitcoin ETFs, which allow investors to gain exposure to Bitcoin without holding the coin, for a decade while citing market manipulation concerns.
The court explained the SEC lacked a coherent explanation for the denial.“The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP,” the court opinion said. “In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful.” Read More
Polygon Founder Announces POL: Massive Technical Upgrade to MATIC
Sandeep Nailwal, the founder of Polygon, announced a significant technical upgrade to the Polygon ecosystem with the introduction of the POL token. The announcement, made via Twitter, outlines how POL aims to revolutionize multi-chain staking and bring about a new era in token design.
According to Nailwal, "POL is a massive technical upgrade to MATIC. POL delivers the benefits of multi-chain staking without the added risks of restaking." The token is part of the Polygon 2.0 proposal, which seeks to expand the Polygon ecosystem from a single chain to an interconnected network of Layer 2 solutions (L2s).
According to a recent blog post on Polygon's official website, the POL token is engineered to serve as the "major tool for coordination and growth of the Polygon ecosystem, as well as the main driver behind the vision of the Value Layer for the Internet." The token is designed to provide "practically unlimited opportunities" to its holders by enabling validators to oversee multiple chains and assume various roles, thus significantly accelerating the growth of the Polygon ecosystem. However, the introduction of POL rewards will replace the existing MATIC protocol rewards for Polygon validators, raising questions about the future role of MATIC and its potential impact on the asset's market value. Read More
Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation
The Republican presidential candidate also pledged to rescind all federal regulations that fail a new Supreme Court test, a potential positive for crypto.
United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas.
In an Aug. 30 post on X (formerly Twitter), the pro-Bitcoin Republican candidate took a shot at a “shadow” U.S. government, pointing the blame toward the “unlawful rogue behaviors of “3-letter government agencies” — presumably the Securities and Exchange Commission.
Ramaswamy said this has led to the U.S. courts serving as a last line of defense to help keep cryptocurrency innovators in the country, adding that it shouldn’t have reached the courts in the first place.
“This decision is strong and clears a path to keep Bitcoin & blockchain innovation in the U.S. instead of overseas,” Ramaswamy explained. 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 any other advice.
