Today, decentralized exchange and liquidity aggregator 1inch announce the launch of the 1inch Limit Order Protocol. The new feature boasts 5 different security audits, and will enable users to buy or sell assets at specific price targets on Ethereum, BSC, and Polygon. The new feature will also be able to interact with smart contract logic, and be able to execute orders based on oracle data. Limit orders were previously available to the DeFi ecosystem through a variety of protocols including Gelato and 0x, the latter which 1inch utilized. However, the team claims this new protocol will be more gas-efficient and …
A new release from a foundational DeFi protocol seeks to combine two popular asset swap models into a hybrid that may reshape the nature of the automated market maker (AMM) space — a DeFi primitive currently accounting for well over $40 billion in total value locked, per DeFiLlama. Earlier today Curve Finance announced the launch of a new “algorithm for exchanging volatile assets.” Curve’s base functionality is designed to enable low-slippage swaps between similar assets, such as one type of stablecoin to another — USDC to DAI, etc — by concentrating liquidity on a bonding curve weighted towards a particular …
The crypto payment solutions provider that introduced blockchain-based subscription billing to credit card-harried merchants is moving to the Binance Smart Chain. PumaPay pioneered cryptocurrency-funded payments with its PullPayment Protocol, a series of smart contracts that opens up the use of flexible billing tools like recurring subscriptions and automated account balance top-ups that actively “pull” payments from clients. By doing away with the need to ask customers to actively “push” out crypto payment every month, it gives online merchants an alternative to the high fees and restrictive rules of fiat credit card companies that were previously the only source of “set …
Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in general and Bitcoin (BTC) in particular. Corporations and institutions, whales, and early adopters converged in a single impulse — the internet was overwhelmed by a wave of mistrust towards “cryptocurrency number one” as the best defensive asset, superior to gold and everything else that had been invented prior. One needs to see the full picture here to realize …
Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building a balanced portfolio. Typical allocations include representation of stocks, government and corporate bonds, commodities and real estate. Now that the cryptocurrency market has grown to a multitrillion-dollar ecosystem with numerous emerging assets, clear sectors are beginning to emerge. Savvy crypto investors looking to apply portfolio …
An all-in-one DeFi platform says it delivers everything that crypto enthusiasts need — including lending services, staking, a fiat on-ramp, remittances and seamless payments. BitCashPay is registered with the Philippines Securities and Exchange Commission, and also intends to acquire a license from the country’s central bank. Whereas some decentralized finance projects offer little in the way of support for newcomers into the space, BitCashPay says it is determined to serve as an educational resource that makes digital assets easier to understand. The platform has launched an academy that provides straightforward guides on a plethora of topics spanning cryptocurrencies and blockchain. …
Decentralized exchange Uniswap successfully launched version 3 of its platform in May — resulting in high trade volumes despite a downturn across the cryptocurrency markets. The latest version of the hugely popular decentralized finance (DeFi) automated market maker (AMM) has quickly attracted a sizable amount of trade volume, seeing it move into the top five decentralized exchanges alongside Sushiswap, PancakeSwap v2 and its predecessor, Uniswap v2. The success of v3 cannot be understated, as the cryptocurrency space has been under pressure due to a market correction in May that has cast shadows over what has been the most prolific bull …
Last month, Bitcoin (BTC) reached above $60,000, highlighting the current frenzy around digital currencies. Following BTC, altcoins also saw substantial increases in value. All of this is music to the ears of long-term and short-term bull investors seeking increased gains, even with the current pullback and support of Bitcoin hovering around $40,000. However, despite all the hype around the current bull run, a lack of digital asset liquidity continues to be a significant challenge for exchanges, traders, token issuers and market makers. The reality of today’s market is that professional crypto traders cannot efficiently access global liquidity or find the …
A cross-chain aggregator that seeks out the best price for crypto trades has reported positive results following its own token sale. Launched simultaneously on DuckSTARTER, Gate.io, MXC, Bounce, BSCpad, WeStarter, and Cobax, the O3 Labs’ O3 token initial DEX offering (IDO) raised $922,000. O3 Swap sources liquidity from nearly two dozen decentralized exchanges (DEX), finding the best route to the best prevailing rate for trades, communications director Matt Powers told viewers of a Cointelegraph AMA that took place the day of the O3 Swap (O3) token’s IDO. The protocol was built on top of the open-source project’s initial product, the …
Decentralized exchange aggregator 1inch Network has partnered with Mercuryo, a cross-border payment network, to provide its users with a more seamless gateway to DeFi — potentially opening up the market to greater adoption. “To date, some users have been discouraged from entering the DeFi space because most of the existing options for buying crypto are too complicated and inconvenient,” said Sergej Kunz, co-founder of the 1inch Network, adding: “The integration between 1inch and Mercuryo offers everyone a user-friendly way to enter the space, buy crypto with fiat and begin trading or securely hold their assets.” Petr Kozyakov, Mercuryo’s CEO and …
The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges experienced a record $11.7 billion in trading volume on May 19. Uniswap (UNI) led with $5.7 billion in volume, followed by SushiSwap (SUSHI) which saw $2.8 billion in 24-hour trading volume. According to the recent DeFi Uncovered report from Glassnode, blue-chip DeFi tokens including, UNI, …
Altcoins and DeFi sprang back to life on May 24 after a handful of decentralized finance tokens saw their prices increase by more than 60% as Bitcoin bulls pushed BTC price to the $38,000 level. Some analysts are describing the move as a 'dead cat bounce' but despite those concerns, the bounce in prices seen across the market is likely a welcome sight for cryptocurrency investors who experienced last week’s historical capitulation event that saw nearly $1.3 trillion in value pulled from the total cryptocurrency market cap. The biggest bounce-back performance among the top 200 coins was seen in the …