At the core of cryptocurrencies is decentralization, eliminating intermediaries and empowering users to manage their own money. With decentralization being the very goal of digital assets, it is no wonder that regulation seems to have no place in this sector. While this opinion is popular among cryptocurrency users, history has proven this viewpoint to be shortsighted. Purchasing from a lesser understood asset class that exists in the “Wild West” does little for investor confidence. Subsequently, as cryptocurrency assets continue to grow in value, the media has been quick to point out the number of scams, insider trading and market manipulation, …
Blockchain holds significant promise for avid cryptocurrency investors and the world at large. Unfortunately, the keyword in this phrase is “promising.” Upon an initial industry inspection, high computing costs are among the apparent barriers before the technology is ready for prominent, real-world applications. Addressing this concern then comes down to lowering the cost of processing power to be affordable for the average user. If this wasn’t already challenging in itself, problems in processing costs only become more prevalent with the rising interest in nonfungible tokens (NFTs) and the surrounding metaverse. Experts from Intel suggest a 1,000x increase in power will …
It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and expansion are often rewarded by traders who are looking to set up long positions where strong fundamentals trump the absence of short-term gains. One project that has weathered the storm in the crypto markets to establish a new all-time high is Telos (TLOS), a blockchain network created with the EOSIO software that aims to bring speed and scalability to smart contracts for decentralized finance (DeFi), nonfungible tokens (NFTs), gaming and social media. Data from Cointelegraph Markets Pro …
The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year. The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and launched in May 2021 after years of development by Dfinity — a nonprofit based in Zurich. The #ICP #BTC integration will prompt a new wave of DeFi applications built to leverage the world’s largest cryptocurrency. Full story:https://t.co/kexreQTw20 pic.twitter.com/bQkKdel7r5 — DFINITY Foundation (@dfinity) January 27, 2022 …
BTCWith an increase in the number of retail investors dabbling in derivatives trading and investors hopping into decentralized exchanges (DEXs) due to regulations in the United States and China, there has been a rise in users utilizing derivatives DEXs, with Bitcoin (BTC) whales moving into derivatives and an increase in buying interest in derivative contracts. This has created a surge in the daily trading volume for derivatives protocols, allowing them to briefly take over centralized finance platforms such as Coinbase, which sparked interest in retail investors with regard to moving towards derivatives trading in decentralized finance (DeFi). However, without a …
In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DEX, Uniswap (UNI). Both have a theoretical peg of 1:1 against the U.S. Dollar. "Magic Internet Money," joked cryptotutor, as he attempted to swap approximately $1 million in MIM but received a quote for only 728.6k USDC. Others quickly took to social media to complain as well. In another screenshot, user @DeFiDownsin allegedly received a quote to swap $984k worth of MIM for just 4,173 in USDT on …
The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP/WICP (wrapped ICP), ICP/XTC (Cycles Token), and WICP/XTC. Users can also earn rewards for providing liquidity. Sonic, the first DEX to launch on the Internet Computer, is now …
According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap; the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall in the token's price from the ongoing down market. The current average blockchain load of the network hovers at 93.19%, which means that 93.19% of its blocks are being filled. In context, the metric amounted to only …
Traditional funding in the crypto space was once considered useless. After all, the industry itself offers different, controversial, but nonetheless, ways to fund a project – initial coin offering (ICO), initial exchange offering (IEO) and the current darlings of offerings – launchpads and initial decentralized exchange (DEX) offerings. But with the industry maturing and more startups wanting not only the capital but mentorship to build a working and valuable product, venture capital has emerged as one of the most attractive options. Cointelegraph talked to Li Rongbin, founding partner of SevenX, about why venture capital funding is the next big thing …
DeFi (decentralized finance) lending has proven its case. Eliminating the middleman in this type of financial transaction can be done, and done in a way that benefits both transacting parties. In practice, this means lenders can bypass the bank and increase their earnings, and borrowers can gain access to the funds they need, even if they don’t meet the criteria of the middleman. However, the industry is still young and requires additional applications before it is entirely competitive with traditional offerings available to the consumer today. The fact is that the world is becoming increasingly overcome with tokenization, and the …
The ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay of the ADA community. The issues began in April when accelerator program CardStarter announced it would launch its own decentralized exchange or DEX. Shortly thereafter, its founders incentivized investors to provide liquidity for the project on Uniswap in exchange for native CSWAP tokens. The platform's developers landed an agreement with a third-party DEX called SundaeSwap sometime later, marketing the deal as a "merger" last June. As per the agreement, CardStarter would no longer develop its promised DEX, …
Cardano’s first decentralized app (DApp) SundaeSwap has launched but is causing a frustration among users due to congestion, platform errors and failed transactions. Is it just a case of expected teething troubles under an influx of excited users or is there more to it? SundaeSwap is a decentralized exchange (DEX) and token staking platform. It’s mainnet launch today marks a milestone in the Cardano (ADA) ecosystem by being the first DApp of to utilize its smart contracts. The ADA price climbed 50% over the past week leading up to the launch of SundaeSwap, meaning a successful launch is a high …