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This decentralized exchange is on a quest to become an all-in-one DeFi platform
This crypto trading hub is about to mark its fifth anniversary — and is continuing to build tools that traders rely on every day.
A crypto trading hub is preparing to celebrate five years of innovation at the cutting edge of DeFi — enabling investors to execute trades with low fees.
Kyber Network has established a suite of products that traders, liquidity providers, and developers rely on every day.
Through KyberSwap, tokens can be swapped immediately at highly competitive rates — and all without compromising on user experience. Deep liquidity is crucial, and this is aggregated through a plethora of DEX protocols.
Tools give developers the ability to innovate and build new applications that boast instantaneous exchanges of decentralized tokens, too.
And to ensure that everyone can have a say in this hub's future direction, KyberDAO, a decentralized autonomous organization, enables participants to vote on upcoming governance proposals and have a stake in the platform's success.
Kyber Network has achieved many milestones since it launched in 2017 — and to date, it's facilitated over $7 billion in transactions for thousands of users. It was also one of the partners responsible for bringing Wrapped Bitcoin (wBTC) to the Ethereum blockchain (ETH), unlocking DeFi functionality for a brand-new audience as a result. Read More
African infrastructure firm lands $150M to launch crypto water token
A new water delivery infrastructure system powered by cryptocurrency has received a massive investment from global investment firm GEM Digital.
South Africa-based H20 Securities has reportedly raised $150 million from the GEM Digital investment firm through the sale of the H20N token.
By investing such a tremendous amount, GEM Digital will hold H20N tokens, which will be used to guide funding in water delivery infrastructure in areas that lack sufficient access to fresh water.
GEM Digital is a $3.4 billion Bahamas-based investment firm specializing in alternative investments such as digital assets and resource extraction devices. H20 Securities aims to bring more significant development in water infrastructure worldwide and hopes that its solution will increase water availability to the world’s population.
In a joint announcement on July 4, CEO of H20 Securities Julius Steyn said, “The focus with the H2ON token is mainly on the financing of water projects internationally and not so much on the technical engineering and construction of such projects.”
GEM Digital is no stranger to investing in technologies designed to improve environmental effects and living conditions for humanity. Its portfolio includes investments in Changing World Technologies, a food waste processing firm, and Neos Ocular, a firm that produces lasers to improve vision. Read More
Active Ethereum Addresses Touch 2020 Levels, Will Price Follow?
Ethereum active addresses have continued to decline. This follows the market crash where the price of Ethereum had dropped to below $1,000 before staging another recovery. This decline has shown various implications for the digital asset and also points towards how investors could be feeling towards the digital asset.
Data from the Block shows that the active addresses on the Ethereum network on a seven-day basis are down. These active addresses had hit a new all-time high back in June 2021 when the bull market had been in full bloom. The rise in active addresses was attributed to new investors moving into the digital asset due to the immense success it had seen so far at that point.
However, as the price of the digital asset had begun to suffer, active addresses had gone down with it. This came to a head in the middle of June 2022 when the crypto market had experienced arguably the worst market crash in its more than a decade of existence. Ethereum had quickly declined from around $1,800 where it had been trending and touched a low below $900.
Following this, there had been an uptick in the active addresses as investors scrambled to move their funds to avoid further losses. However, as sell-offs have died down, the number of active addresses has also taken a nosedive. Read More
Latest XRP Milestone Bigger Than We Realize, Says Crypto Legal Expert Jeremy Hogan
Legal expert Jeremy Hogan says the initiative to use the XRP Ledger (XRPL) in Colombia’s land registry system is a “huge” accomplishment.
Hogan claims the partnership between Colombia and XRP Ledger is the “perfect” use for blockchain technology as it makes the land registration system more efficient.
“So, although boring, the XRPL/Columbia partnership is the perfect example of crypto UTILITY.
An immutable (I love this word for some reason) record of land registration, timestamped, searchable, and inherently trustworthy – it’s the perfect use case for a blockchain ledger.”
The crypto legal expert says the land registration process is currently complicated, time-consuming, and inefficient.
“Ponder how the transfer of land is accomplished. The purchaser/buyer must be noted, what title is being transferred, and the actual property being conveyed must be described.
And ALL that information must be filed with and kept in some searchable manner by the local government. If you’ve ever been to the Clerk’s office – it’s complicated as heck!
And the consequences for even small errors are catastrophic and can lead to YEARS of litigation.
To make things even more difficult, governments make laws that limit/restrict transfer of land and also impose taxes on property – making 1000% accurate registration all the more important.” Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
Imminent Cardano Upgrade Could Be Extremely Bullish for ADA, Says Coin Bureau – Here’s Why
A popular crypto analyst is laying out the bullish case for Cardano (ADA) with the Ethereum rival’s new Vasil upgrade coming soon.
In a new video update, the pseudonymous host of Coin Bureau known as Guy tells his 2.08 million subscribers that Cardano’s imminent Vasil upgrade is bound to affect ADA’s price.
“Assuming all goes smoothly, Vasil’s upgrades could be live on the mainnet as soon as late July. As it so happens, the Vasil testnet actually began late last night.
But, it should be cautioned, that this could be a bearish event should any serious issues be discovered. This was the case of the Alonso testnet in September last year which introduced Cardano’s smart contract functionality…
Cardano’s smart contract functionality was initially fairly simple, to put it mildly. And this meant that it was very difficult for decentralized applications to actually deploy.”
Last week, Cardano development firm Input Output Hong Kong (IOHK) announced that the hard fork from the testnet to the mainnet would begin on July 3rd.
While current market conditions make a parabolic rally for ADA unlikely, the Coin Bureau host says that the upgrade could be significantly bullish for the Ethereum challenger.
“The good news is that, in this case, the expectations around the Vasil hard-fork seem to be a bit tamer, which could potentially make the testnet, and especially the mainnet, an extremely bullish event if the improved scalability it is expected to bring exceeds the expectations of both users and developers.
Still, the sad reality is that we are in a crypto bear market, and with so little attention going to altcoins these days, ADA is unlikely to see a meteoric rise anytime soon.” Read More
EPC Blockchain among 16 Startups Selected to Join EY Incubator
Big four accounting firm Ernst & Young (EY) has selected 16 early-stage startups to join its EY Foundry Cohort 5 program to propel disruptive solutions in four areas: sustainability, new enterprise, people and wellness, and services of tomorrow.
EPC Blockchain, a Malaysian-based firm, is among those chosen, and it utilizes blockchain technology to record energy investments needed when crowdfunding energy projects. As a result, it tackles the challenge of climate change through public mitigation.
EPC Blockchain also enables small project developers to monetize carbon credits from energy projects.
From this month, EY will conduct the six-month incubator program virtually, with participants benefitting from $150,000 in Microsoft Azure credits to enhance their technology stack.
Eight startups are from Southeast Asia, whereas the rest are from Australia. Per the announcement:
“They will gain exposure to a wealth of industry knowledge and experience, including access to EY industry insights, subject matter professionals and technology collaborators. The EY Foundry program takes no equity stake, with participating startups maintaining full ownership and control of the business.” Read More
Bitcoin Lightning Network Hits ATH, Signalling Heightened Grounds for Adoption
The Bitcoin (BTC) Lightning Network continues going through the roof by making historic highs.
As a layer two scaling solution on the Bitcoin network, the Lightning Network (LN) boosts the blockchain’s capacity to undertake transactions more efficiently through micropayment channels. It currently comprises more than 4,000 BTC.
Therefore, transactions on lightning networks are more readily confirmed, cheaper, and faster than that processed on-chain or Bitcoin mainnet (layer one).
The growth witnessed on the Lightning Network is happening amid Bitcoin’s price being on shaky grounds, suggesting that the development for adoption is taking shape even if the price falls.
Bitcoin has been hovering around the psychological price of $20K, with the leading cryptocurrency losing at least 70% of its value from the all-time high (ATH) of $69,000 recorded in November last year.
Tightened macroeconomic factors like increased interest rates have not benefited Bitcoin as the globe fights off heightened inflation.
Nevertheless, the Bitcoin Lightning Network is experiencing surging adoption because it attracts fees close to zero. Read More
Colombia integrates Ripple’s XRPL for land registry
Colombia deployed a digitalized land registry system running on Ripple's XRPL Blockchain.
Columbia integrated a digital lang registry system built on Ripple‘s XRPL Blockchain into its National Land Agency. The solution was built in a year by the joint efforts of Ripple and its Barcelona-based partner Peersyst Technology.
The solution will allow digital assets to be registered on the XRPL Blockchain. It is estimated that the system is capable of registering more than 100,000 contracts in the near future. The uploaded assets will be authenticated through a QR code.
The new solution aims at solving the county’s land issues and the resulting low confidence in authorities.
Colombia is one of the countries with the highest crypto adoption. High inflation in the country has been one of the major factors that pushed Colombians towards cryptocurrencies. 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.
