Decentralized Exchange news-Page 12
DEXs and KYC: A match made in hell or a real possibility?
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The White House came out with an executive order on regulating crypto recently. Across the sea, European legislators defeated a legislative push that could have spelled major trouble for proof-of-work networks. These developments should be ringing a bell that most crypto aficionados have long grown used to: Regulation is still very much on the agenda, and even though the blockchain community is now way more …
Decentralization / March 23, 2022
Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions
Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom. As the sideways market of 2022 drags on and serious projects use the time away from the frenzy of bull markets to work on development, several L1 protocols have been outperforming the field and making gains despite weakness in the wider crypto market. Here’s a look at three L1 protocols that are seeing growth in their decentralized finance (DeFi) communities and an …
Markets / March 18, 2022
Which tokens should you buy and hodl in 2022? | Find out now on The Market Report live
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which tokens you should buy and hodl in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which tokens you should buy and hodl right now. Will it be Bourgi’s picks? He has selected …
Decentralization / March 15, 2022
Deus Finance exploit: Hackers get away with $3M worth of DAI and Ether
Multi-token decentralized finance (DeFi) marketplace Deus Finance has become the latest victim of an exploit resulting in over $3 million losses in DAI and Ether (ETH). DeFi analytic firm PeckShield took to Twitter to explain the cause and manner in which the funds were exploited. The hackers behind the attack managed to exploit and manipulate price oracle for flash loans, resulting in the insolvency of users’ funds. 1/ @deusdao Deus Finance was exploited in https://t.co/bfYCQcz5rZ, leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000 DAI and 1101.8 ETH — PeckShield Inc. (@peckshield) …
Defi / March 15, 2022
Today's biggest crypto gainers: Why REQ, MFT and KEY rallied over 20%
Cryptocurrency bulls continued to face stiff headwinds headed into the week of March 14 that began with a vote in Europe about whether or not to outlaw proof-of-work cryptocurrencies, which was ultimately rejected. Despite these pressures, however, several cryptocurrency projects have managed to post gains in excess of 20% on Monday thanks to new partnerships and protocol updates. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Request Network (REQ), Hifi Finance (MFT) and Selfkey (KEY). Metaverse payments with Request Network Request Network (REQ) is an Ethereum-based decentralized payment system that allows …
Markets / March 14, 2022
Altcoin Roundup: DeFi token prices are down, but utility is on the rise
The decentralized finance (DeFi) sector has been sitting in the backseat since whipping up a frenzy in the summer of 2020 through the first quarter of 2021. Currently, investors are debating whether the crypto sector is in a bull or bear market, meaning, it’s a good time to check in on the state of DeFi and identify which protocols might be setting new trends. Here’s a look at the top-ranking DeFi protocols and a review of the strategies used by users of these protocols. Stablecoins are the foundation of DeFi Stablecoin-related DeFi protocols are the cornerstone of the DeFi ecosystem …
Adoption / March 11, 2022
Finance Redefined: DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more
The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with. CAKE DeFi launched a new $100 million venture fund to support Web3 initiatives, ThorChain spiked over 34% after activating synthetic assets and Polygon network suffered an extended outage post new upgrade that impacted its price momentum. DeFi “Godfather” Cronje quits as TVL and tokens tank for related projects DeFi architect, Fantom Foundation technical …
Defi / March 11, 2022
Celo foundation proposes to deploy Uniswap V3 on its native blockchain
A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network. The new proposal was created on behalf of Blockchain at Michigan, and in partnership with the Celo Foundation and the Celo Climate Collective. Once passed, Uniswap will be accessible to nearly six billion mobile phone users. Currently, MetaMask mobile app enables using Uniswap or other decentralized exchanges via an in-app browser. The Celo foundation will commit $10 million of CELO in Uniswap-specific user incentives and grants along with $10 million in …
Adoption / March 11, 2022
One-of-a-kind Harmony DEX combines favorite features from modern-day exchanges
As the decentralized world continues to heat up, exchanges are becoming the latest hotspot for users. The current crypto market offers a number of decentralized exchanges (DEX), each providing different incentives and utility to the end-user. The result is that where some platforms are excelling, others struggle to meet the precedence set by their competitors. Therefore, users must be careful to weigh concerns around the transaction cost, block creation times, the involvement of the community, in which they can provide feedback, and opportunities for lucrative decentralized finance (DeFi) rewards. The question for users then becomes, “is it possible to check …
Blockchain / March 10, 2022
THORChain spikes by 34% after activating synthetic assets
The price of the native asset for cross-chain decentralized exchange THORChain (RUNE) has spiked by 34% in a day following the activating of synthetic assets on the network. At the time of writing the price had settled back to a 21% gain over the past 24 hours to sit at $5.27.. Crypto synthetics or synths are derivative tokens of other digital assets that are pegged to the value of the underlying collateralized asset such as Bitcoin (BTC) or Ether (ETH). In THORChain’s variation, the project has opted to back its synths with 50% of the underlying asset and 50% in …
Blockchain / March 10, 2022
Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols
Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future. Bitcoin (BTC) price surged to $42,600 in the early trading hours and several altcoins followed suit with double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Monero (XMR), Kyber Network (KNC) and Tornado Cash (TORN), with Zcash (ZEC) earning an honorable mention. Monero Monero is one of the longest-running privacy-focused protocols in the cryptocurrency market and the project is popular among investors looking to …
Decentralization / March 9, 2022
Neutrino, Vires Finance and Waves bag 100%+ gain after pivot toward interoperability
Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh momentum. Here’s a closer look at the top-performing assets in the Waves ecosystem that have managed to post positive gains despite negative macroeconomic factors that are pressuring cryptocurrencies. Neutrino Neutrino is an algorithmic price-stable "assetization protocol" that creates stablecoins tied to real-world assets and cryptocurrencies. Neutrino USD (USDN) is …
Blockchain / March 9, 2022