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Decentralized exchange on Stellar creates a portfolio of easy to use DeFi applications
Digital assets may enable a better future for its users through its back-end technology and improved products.
The digital asset-based economy is creating a financial alternative that extends across the planet to anyone with internet access, making these services more readily available than ever before. This transition is coming at a time more necessary than ever before, as emerging from the pandemic, many have noted the increase in consumer debt from high unemployment alongside inflation stimulated by the government. Alongside changing world conditions, most of the world has already admitted to lacking financial literacy. Now, without the right tools in place to understand and manage one’s wealth, the concept of financial freedom feels farther away than ever before.
Fortunately, digital currencies might be positioned to help eliminate some of these obstacles. At its core, crypto is verifiable, scarce, and deflationary, giving users full ownership over their wealth. On the reverse side, the greater world of decentralized finance (DeFi) is bringing together many common financial services into a unified experience that anyone can access. For example, DeFi loans are both more rewarding for lenders and easier to attain for borrowers, and sending money across borders doesn’t cost any extra. Read More
How one startup connects a $130 trillion market with decentralized technologies
A combination of a stablecoin and licensed custodian to serve the bond market.
The overall size of the global bond markets is $130 trillion, while the total market capitalization of the crypto market has surpassed the $2 trillion mark this year and keeps growing.
Businesses are always looking for easily accessible financing opportunities. Traditionally, large and mid-sized companies get funding through bank and bond financing. With its global reach and intermediary-free environment, the crypto market, decentralized finance (DeFi) in particular, could become a new source of funding in the near future.
However, in its current state, the DeFi lending market is not suitable for established businesses. Most protocols that lend crypto use it as collateral and require over-collateralization of the underlying loans.
And this is where BondAppetit comes in: BondAppetit is an Ethereum-based DeFi protocol for corporate loans. Its native stablecoin is fully backed by yield-generating bonds, which are stored by a licensed custodian with a real-time monitoring possibility. Read More
Aave's Newest Market: Real-World Assets
Aave users can now earn yield by helping small businesses tap liquidity from the frothy crypto markets thanks to a new partnership with Centrifuge.
DeFi money market platform Aave today added a new market using real-world assets (RWAs) rather than cryptocurrencies.
Previously, Aave users could only borrow and lend cryptocurrencies, with rates adjusting based on market demand.
The initiative is in partnership with Centrifuge, a crypto company that lets businesses tokenize aspects of their operations such as trade receivables and invoices. Once tokenized, these assets can then be used as collateral to borrow cash.
Users can lend DAI, a popular decentralized stablecoin pegged to the U.S. dollar, and earn 2.8% yield, for example. Conversely, users can borrow DAI at a cost of 3.97%. These values fluctuate based on how high the demand is to borrow DAI relative to how much liquidity is available to borrow. Read More
Binance Sets Sights on Crypto License in Bahrain
Binance moves closer to becoming a fully-regulated crypto exchange after receiving “in-principle approval” from the Central Bank of Bahrain.
Binance’s efforts to become fully regulated may soon be rewarded after the firm received in-principle approval from the Central Bank of Bahrain (CBB) to run operations in the Kingdom of Bahrain.
In an announcement on Monday, Binance said that CBB is “the first regulator in the Middle East North Africa (MENA) region to grant an in-principle approval to a Binance entity.”
The “in-principle approval” from CBB means that the exchange is still required to go through the full application process.
Abdulla Haji, CBB’s director for licensing, confirmed the move telling Bloomberg that once Binance completes the establishment requirements, licensing is “a matter of formalities.” Read More
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. Read More
What DAOs Can Do: Social Movement Or Playground? Rethinking 2021
Will 2022 be the year of DAOs? 2021 was certainly a blazing start.
The blockchain-related explosive and disruptive innovations seem to come from a shared ontological hunger: that deeper side of the human being that urges us to fill in the void that makes us so different from other animals species.
Spoiler alert: the void cannot be filled. But trying –creating, innovating, going against the system, etc– to make something with it is what keeps us moving, conscious, and alive. The opposite is to become purposeless zombies that do exactly everything they’re told to do.
Daos. Smart contracts, decentralization, collectively finding an alternative to the traditional structures: 3 big guys on top and thousands of workers who cannot be part of major decisions inside the environment they dedicate their lives to. Basically most corporations.
2021 was a blooming year for Web3, DeFi, the metaverse, NFTs, and DAOs. It has all started to go mainstream. It’s getting big, it’s everywhere. But there’s so much happening so soon that the bigger picture of these innovations doesn’t have a defined shape yet. Read More
Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG
On December 27, Ferrari the well-known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping into the world of creating “exclusive digital content.” The racing division Scuderia Ferrari announced that the Italian car manufacturer has partnered with Velas Network AG in a multi-year agreement. The company says Velas will help bolster digital content for Scuderia fans and the announcement explains Velas will also be a title sponsor for the Ferrari Esports Series.
Velas network’s web portal notes that Velas is a Solana (SOL) fork with built-in EVM integration and the network launched in 2019. “We have the fastest EVN chain to compete with Ethereum 2.0,” the website claims. The company is located in Switzerland and Ferrari details in the announcement that Velas is a “global player in the blockchain and NFT sector.” Ferrari’s announcement further details that Velas will collaborate well with the Maranello team.
While Ferrari’s partnership with Velas does not mention any NFT promotions or blockchain concepts on the horizon, the company does disclose the Ferrari Esports Series sponsorship. Ferrari follows a number of automobile makers and racing division brands that have entered the blockchain space. In mid-June, the German carmaker Porsche entered the NFT industry and at the end of September, the Mercedes-AMG Petronas F1 team inked a long-term deal with FTX. Read More
Charles Hoskinson Discusses Cardano’s 2022 Plans, Founder Says Project ‘Needs Institutions to Have Stake in the Success of ADA’
Charles Hoskinson’s 2022 Cardano Outlook: ‘A Formal Open-Source Project Structure Is Going to Be Formed’
Cardano (ADA) supporters were pleased to get two updates from IOHK, the team behind the crypto project’s development. On December 24, the founder of Cardano, Charles Hoskinson, spoke for 30 minutes in a new video explaining some of his goals for the next year. “My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano,” Hoskinson said during his video. Read More
HashCash Proposes a Blockchain-based Pharma System to Combat Drug Fraud
The international blockchain development company, HashCash Consultants conceptualizes a blockchain-powered pharmacology system to fight drug fraud.
Counterfeit drugs or drug fraud is one of the most trying challenges in pharmacology. In the HashCash designed pharma system, drugs can be represented as cryptographic tokens fed into the tracking systems. Since blockchain is time-stamped, tamper-resistant, and verifiable, drug fraudulence can be easily detected once the drug supply chain process is appropriately handled by a Private/Consortium blockchain platform governed by a Proof of Drug Authenticity protocol.
“The experimental model aptly solves the worldwide problem of drug fraudulence,” remarked blockchain pioneer and HashCash Chief, Raj Chowdhury.
“This also indicates that blockchain applications across industries can eliminate most security and fraudulence issues.” 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.
