Decentralized Exchange news-Page 20
A P2E metaverse allowing users to speculate the value of the red planet has recently announced its listing on a major exchange
We might know Mars as the red planet, but many look to the planet as more, being a mystery and a world full of potential. Nearly 60 years ago, scientists believed the planet contained water and life in the form of a plantlike lichen. These initial findings were enough to push the US’ perseverance of a rover landing on Mars. The rover successfully drilled its first Martian rock core for NASA, sparking interest in this new world. Today, rovers and other astronauts continue to learn more about the planet as enthusiasts support the dream of life on Mars. With the …
Nft / Nov. 2, 2021
AMC Theatres CEO considers adding Shiba Inu as payment for ticket purchases
AMC Entertainment is in the process of updating its technical infrastructure to allow consumers to pay online with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE) for movie tickets. But it doesn't stop there. In a Twitter post early Friday morning, Adam Aron, the company's CEO, asked if users would be potentially interested in paying with Shiba Inu as well. At time of writing, 97,582 Twitter users had already taken part in the poll, with approximately 85% of voters choosing "Yes". The iconic theatre chain has taken a growing interest in crypto as of late. Last week, its CEO …
Technology / Oct. 29, 2021
The future of DeFi starts with the elimination of rug pulls and pump and dump schemes
It isn't breaking news that decentralized finance (DeFi) is growing and has a rapidly expanding ecosystem to match. As the number of blockchain-based financial products extends to replicate the capabilities of traditional institutions, the only thing holding the technology back is mainstream adoption. Part of the reason for the discrepancy in use and adoption is that it is only now that people are beginning to understand the cryptocurrency space. Conclusively, mass adoption isn't a matter of if, so much as it is when. Many platforms and exchanges have continued to pop up in this space, although some work still needs …
Blockchain / Oct. 29, 2021
Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains
The cryptocurrency market is back on the rocks on Oct. 27 as many of the top assets find themselves in the red on the day after Bitcoin (BTC) price dropped to $58,000 in the early trading session. Despite the wider struggles of the market, several altcoins have managed to post gains in excess of 22% as major protocol integrations and exchange listings have helped buffer them against the wider market downturn. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were 1inch (1INCH), Shiba Inu (SHIB) and Mask Network (MASK). 1inch integrates with …
Nft / Oct. 27, 2021
Reactivated Ethereum pools trigger a 78% surge in THORChain price
Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20, the price of RUNE has increased 283% to a$11.64 and there is also a noticable uptick in trading volume. …
Markets / Oct. 24, 2021
Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi
The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike. Despite the fact that the ETF in question will hold no actual Bitcoin and is instead a futures-based instrument, investors and pundits across the ecosystem have largely hailed its launch as proof that Bitcoin has hit the big leagues and will soon surpass the coveted $100,000 price target. Many investors either don’t have access or will choose not to interact with …
Adoption / Oct. 22, 2021
Mono X launches mainnet on Ethereum and Polygon
Automated market maker (AMM) MonoX has announced the official launch of its mainnet platform, offering investors a full complement of swap and liquidity capabilities on the Ethereum and Polygon blockchain networks. With the release of this new service, Mono X is aiming to establish a cost-effective and accessible infrastructure for liquidity providers seeking to propel their projects to the market and traders interested in engaging in token swap services. In the case of traditional decentralized exchanges (DEXes) such as dYdX, it is necessary for projects to provide two tokens to build a liquidity pair, a requirement that increases the capital …
Decentralization / Oct. 20, 2021
THORSwap relaunches cross-chain trading on four of five networks
Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch. The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin and Ethereum. According to a Tuesday progress report, the team behind the project’s DEX, THORSwap, has so far restored functionality for four of the five networks it supported prior to going down in July. The update states that THORSwap has resumed swap functionality across the Bitcoin, Bitcoin Cash, Litecoin and Binance Smart Chain …
Blockchain / Oct. 12, 2021
DeFi picks up the pace as alternate blockchains and NFTs boom
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar. Even the Bank of America (BoA) — a global banking giant — has revealed its bullish outlook on DeFi and nonfungible tokens (NFTs). In an Oct. 4 report by BofA Securities — a subsidiary of BoA …
Decentralization / Oct. 9, 2021
Altcoin Roundup: DEXs come to the rescue after China bans crypto
Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins and decentralized finance (DeFi) continued to weigh on sentiment within the market. While the Evergrande situation somewhat resolved itself, for the time being, the government crackdown on unregulated DeFi platforms and stablecoin transactions continues. This has resulted in cross-chain equipped layer-one protocols and layer-two solutions …
Bitcoin / Oct. 8, 2021
Solana-built decentralized exchange uses AI to make trading more accessible
Decentralized exchanges (DEXs) empower users by getting cryptocurrency assets into the hands of more people. One platform is attempting to make the trading of crypto more accessible and straightforward with the use of artificial intelligence. Currently, new users must learn about markets and the assets they want to trade, adding to the barriers of getting started. The decentralized exchange, Soldex, is eliminating these barriers by giving traders the capabilities to use AI-powered trading algorithms developed by users. Beyond its innovative AI trading capabilities, Soldex offers many additional features over other DEXs. Since it is natively built on the Solana blockchain, …
Trading / Oct. 8, 2021
'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger
Shiba Inu (SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions. Yuriy Bishko, a Ukraine-based market analyst, discussed the potential bearish scenario based on Shiba Inu's recent price trends, which appear eerily similar to those recorded in the Dogecoin (DOGE) market earlier this year. For instance, SHIB's October price rally followed five months of consolidation inside a $0.00000398-wide price range. Similarly, DOGE's …
Bitcoin Price / Oct. 8, 2021