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Cardano Pulls Off Massive Strides In Africa As Hoskinson Outlines Vast Use Cases In Play
The Cardano team led by Input-Output Global (IOG) Chief Charles Hoskinson has been touring the African continent, holding strategic meetings with entrepreneurs and statesmen, and it has been a great success.
The team which includes representatives from Cardano, Emurgo, and IOG has been on an educational and marketing tour beginning with South Africa and is expected to conclude in Egypt.
“Africa is where the tough get going”
In a recent meetup with technopreneurs and government officials in Cape Town, Hoskinson stressed the importance of governments embracing the blockchain wind of change which is fast blowing across the continent. Read More
Binance Announces 100 M Initiative To Promote Blockchain And Cryptocurrency In Europe
Binance is launching a 100 M initiative “Objective Moon” to help develop Europe’s blockchain and cryptocurrency ecosystem. This will be achieved through a partnership with France Fintech, a non-profit that promotes Fintech development in France.
The CEO of Binance ChanPeng Zhao (CZ) today announced that Binance has launched an initiative in Europe with the aim of developing three main cryptocurrency and blockchain innovation projects in France.
Objective Moon was announced at a conference at the French Ministry of Finance in Paris, and will be funded by Binance who have pledged to put 100 million EUR towards the initiative. Read More
Blockchain-based exchange prepped for global expansion with region-specific offerings
Including more people in the world of digital finance starts with trust and security.
To encourage adoption from new investors and improve the end-user experience, some platforms have suggested alternative structures that will provide scalability and security without sacrificing responsiveness or critical functionality.
AOFEX arose from the need to provide crypto traders with an alternative for trading, staking, and mining their assets with greater transparency and regulation. Accordingly, the platform received its MSB license for digital currency trading for U.S. leaders and now has its goals set on global expansions as a bridge for institutional investors.
The AOFEX team continues to operate with the mission to "include more people into digital finance." Put into practice, the team has implemented a global strategic plan, establishing branches in Canada and Japan as a part of a multi-region crypto market system, including West Europe, East Asia, North America, and headquarters in the United Kingdom. Read More
More DeFi Analytics Are Coming to Solana via Serum Markets
Aleph.im announced Serum Markets, which promises more data for the Solana DeFi ecosystem.
Solana's decentralized finance ecosystem isn't yet as mature as Ethereum's. But it's getting there.
And a new product for self-described "liquidity infrastructure ecosystem" Serum promises to unlock a treasure trove of data on the up-and-coming Solana network, which is competing with Ethereum on speed and cost.
Aleph.im, a DeFi architecture software firm, announced today the release of Serum Markets, which will allow users of the 15+ DeFi projects integrated with Serum—from lending protocols to the decentralized exchanges that remove financial intermediaries from the equation—to view trading data that it says has mostly been absent or hard to access. Read More
DeFi (Decentralized Finance) is a term used to cover various components and activities, including Decentralized crypto Exchanges or DEXs which are at the cutting edge of DEFI. The rapidly evolving market of the DEX allows peer-to-peer cryptocurrency transactions without the need for an intermediary.
DeFi - A New Financial System
DeFi is a system by which financial products become available on a public decentralized blockchain network. That makes them open to anyone to use, rather than going through middlemen like banks, brokerages, and even centralized crypto exchanges.
Unlike the legacy financial institutions and centralized crypto exchanges (CEXs), the KYC/AML (Know Your Customer and Anti-Money Laundering) protocol. These are usually government-issued ID, Social Security number, or proof of address. They are not necessary with the DeFi protocol and are welcomed by those concerned about their privacy and who cannot access valid documents.
More specifically, DeFi operates in a decentralized environment on public and permissionless blockchains, making it possible for buyers, sellers, lenders, and borrowers to interact peer to peer and use services encoded into open-source software protocols and smart contracts rather than a company or institution facilitating a transaction. Read More
ADALend Ignites the Defi Space
ADALend is a scalable and decentralized lending protocol governed by a decentralized autonomous organization (DAO).
ADALend will offer various features that will provide its users with decentralized financial instruments accessible to everyone with access to the internet, without the complicated KYC requirements of the mainstream banking system.
The protocol will improve digital assets’ capital efficiency by enabling assets accumulated to fund multiple loan pools. The protocol will utilize the Cardano blockchain to flesh out DeFi potential as a viable replacement to the traditional financial sector. Read More
Binance Uses Blockchain Analytics In Attempt To Trace Squid Game Scammers
Following on from the meteoric rise and crash of the SQUID token over the last week, Binance has said that it is investigating the incident and is trying to trace the developers who have since abandoned the project.
No doubt in part due to the popularity of the Netflix Squid Game series, the SQUID token went on a parabolic price surge that saw it rocket from $0.01 to $3000 in just a few days.
The token then crashed to zero at an even quicker pace, as the developers pulled the rug on those who had invested. The website was taken down, and investors into the token have been left counting their losses.
It has to be admitted that crypto still has a way to go in order to clean up the industry and prevent scams like this from happening so easily.
It was therefore encouraging to see that Binance has entered the fray. Read More
Regulators Scratch Their Heads Over How To Get At DeFi
Decentralized Finance is revolutionizing the world of yield in the crypto/blockchain space, and it is enabling investors to get a massively better return than in the traditional finance sector. However, regulators have their eyes on it and are furiously thinking how to deal with protocols that don’t have a centralized control.
Gary Gensler called it the “Wild West” of crypto. He also expressed a desire to see “middlemen” inserted between the DeFi platforms and the investors wishing to transact with them, for the reason of protecting a “vulnerable” public.
It’s not clear how any sort of broker could be placed into a decentralized set-up – by definition, it would no longer be decentralized. Also, a middle man would require his slice of the pie, to the detriment of the investor. Read More
Layer-two and multichain DeFi platforms see record inflows as Ethereum fees soar
Since October, multichain, compatible DeFi platforms have seen record inflows as investors and developers attempted to avoid the Ethereum network due to soaring gas fees.
High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum co-creator Vitalik Buterin stated in reference to Bitcoin: “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.”
Fast forward to November 2021, and the simple act of approving a token so that it can be transacted on Uniswap can cost as much as $50 worth in Ether (ETH) depending on the time of day. 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.
