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How decentralized finance will transform business financial services – especially for SMEs
Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans;
The transaction banking industry is beginning to see DeFi's potential to overhaul the inflexibility of present processes;
Uptake of DeFi in transaction banking could open up new capital opportunities for larger companies and increase liquidity for SMEs.
Decentralized finance had a resurgence last summer. Cryptocurrencies like bitcoin and ether are now becoming more widely accepted for payments and USD Coin (USDC) has made significant progress towards being an asset that will maintain its value without future depreciation.
At the same time, the blockchain technology that underlies cryptocurrency and its supporting financial infrastructure are on their way to offering a system of financial rails in parallel to – and connected with – traditional financial infrastructure. Read More
WHAT IS TERRA? HERE IS EVERYTHING YOU NEED TO KNOW ABOUT THIS HOT CRYPTOCURRENCY
With the most popular cryptocurrencies like Bitcoin, Tether, Dogecoin, etc. extremely oscillating in their values from the past few months, Terra being a stable coin is stealing the spotlight with its quite easily predictable prices.
Terraform Labs, which oversees the Terra cryptocurrency project, on this Friday said that investors like Arrington Capital, Lightspeed Venture Partners, and Pantera Capital have pledged $150 million to help it incubate various crypto projects that are connected to Terra.
Terra is a blockchain project developed by Terraform Labs. It powers the start-up cryptocurrencies and other financial apps. The start-up cryptocurrencies include the Terra U.S. Dollar or UST, which is pegged to the U.S. dollar through an algorithm. Read More
A Brief Introduction to Non-Fungible Tokens (NFTs)
Unlike the other commonly known cryptocurrencies such as Ethereum and Bitcoin, NFTs do not function as a type of currency. Rather, NFTs represent what is known as an alternative use case of Blockchain technology.
As with most crypto projects, NFTs started slowly in 2017 and gradually picked up pace over time. It wasn’t until the year 2021 that the scope and prominence of NFTs shot up to unprecedented heights. Read More
Polygon launches blockchain gaming and NFT studio
Through Polygon Studios, Polygon is attempting to corner two key segments of the blockchain industry: gaming and nonfungible tokens.
Ethereum (ETH) infrastructure developer Polygon has spun off a new subsidiary to advance its work in blockchain gaming and nonfungible tokens, or NFTs, offering further insight into the company’s long-term growth strategy.
The newly formed Polygon Studios has three core objectives: establish Polygon’s position as the leader in decentralized gaming; create a brand that attracts developers and investors to its NFT ecosystem; and position Polygon as the best venue for transitioning to Web 3.0. Read More
Arsenal FC to launch AFC Fan Token on Socios
Socios will become the digital meeting place for “Gooners,” a term used since the 1980s to describe Arsenal fans.
English Premier League stalwart Arsenal F.C. is launching a new fan token in partnership with Socios, giving its supporters the ability to influence club decisions and access team-related content.
The partnership makes Socios the main digital meeting place for Arsenal’s fanbase, according to a Monday announcement from Chiliz, the exclusive blockchain of the Socios platform.
By holding AFC Fan Tokens, Arsenal fans will have “countless engagement opportunities” with the club, Chiliz said, including “the chance to influence the club in a series of interactive polls across a variety of decisions every season.” Read More
Markethive Taking Faucets To Another Level [HIVE]
Markethive Airdrops
Markethive is determined to take a large share of the new Market Network next-generation following the Social Network phenomena. That Market Network is defined as a platform that is integrated with a social network (like Facebook), SAAS tools (like GoToMeeting, ZOOM, and Google Apps) commerce platforms (like eBay, Freelancers, Coinbase, Alibaba).
Markethive has created its consumer coin, Hivecoin (HIVE), originally named MHV, as an instrument to their Ecosystem for Entrepreneurs. So Markethive will establish its niche as the only social (Market) Network with an infinity Airdrop and a system that rewards the users for using it with additional micropayments, otherwise known as a Faucet.
Bottom line, by joining Markethive, you will get a Market Network Inbound Marketing platform worth $2500 per month for free and get “Airdropped” paid up to 500 Markethive coins [HIVE] just for joining. And continue to receive these coin assets for the duration of your life within the hive. Read More
Polkadot Is the Only Blockchain Protocol Fitting the Revolutionary Bill: Interview With Parity
Parity Technologies’ head of public affairs explains why Polkadot is superior to Ethereum, how do Parachains work, the role of Kusama, and more.
Polkadot is the only protocol that fits the bill of a blockchain project providing enhanced scalability, speed, security, and utilization, said Peter Mauric – the head of public affairs at Parity Technologies.
In an interview with CryptoPotato, Mauric outlined Polkadot’s advantages over Ethereum and spoke about the project’s parachains. Read More
PayPal scraps annual purchase limit of cryptocurrency
PayPal has announced its annual purchase limit of $50,000 (£36,500) for Bitcoin and other digital assets is being removed.
Similarly, the platform’s weekly purchase limit is being raised fivefold from $20,000 (£14,500) to $100,000 (£73,000).
Jose Fernandez da Ponte, PayPal’s vice president of blockchain, crypto, and digital currencies said: “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” Read More
This startup aims to become ‘the Stripe of blockchain’ by simplifying development of decentralized apps, relaying millions of transactions
Launched by Aniket Jindal, Ahmed Al-Balaghi, and Sachin Tomar in 2019, Biconomy simplifies the development and UX of blockchain-based apps through gas-efficient meta-transactions. The startup claims it has over 30 project integrations and has relayed millions of blockchain transactions.
When Aniket Jindal was studying at Fudan University, Shanghai, the blockchain and cryptocurrency industry was still in its nascent stages.
Living in China in 2016 and 2017, Aniket saw firsthand the blockchain revolution taking shape across startups, cryptocurrency exchanges, developer communities, and token miners.
However, he realized that the development and mainstream adoption of decentralized applications (DApps) and Web 3.0 apps were complex, rigid, and involved several steps. Read More
Focusing on DeFi Scaling: CryptoCom Introduces Testnet of EVM Chain Called Cronos
CryptoCom’s testnet for its EVN chain called Cronos is already live, aiming to enhance scalability and security in the DeFi sector.
The popular digital asset exchange CryptoCom has introduced a new testnet of its EVN chain called Cronos. The project is the company’s DeFi-oriented child aiming to scale the ecosystem by enabling developers to port apps from Ethereum and EVM-compatible chains. CryptoCom Announces Cronos. Read More
Port of Buenos Aires to Modernize Maritime System Using Blockchain
The Port of Buenos Aires in Argentina is about to receive a technological facelift with the help of blockchain technology in a bid to increase the speed and efficiency of the port’s processes. Read More
Is blockchain a friend or foe in ransomware attacks?
UCD assistant professor Dr. Nima Afraz explores how blockchain technology could be used against cyberattacks as well as the potential danger it poses.
In light of the recent ransomware attack on Ireland’s Health Service Executive (HSE), I have examined the possible role blockchain technology can play in exacerbating but also preventing such attacks.
The race is now on between those who want to use blockchain for good and those who seek to use it to create further criminal harm.
Ransomware is an increasingly common type of cyberattack during which the victim’s computer is infiltrated and their data rendered inaccessible by encryption techniques. The victim is then forced to pay a ransom to gain access to their own data. 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.
