Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin Strugles To Hold Above $20k

Jan 7, 2023

The upswing in alternative currencies is outshining the top cryptocurrencies. In particular, the MATIC, UNI, and AAVE tokens are doing well, whereas the biggest currency, Bitcoin, is still fighting to keep its position above the $20,000 mark. Polygon (MATIC) skyrocketed on July 14 — the day after it was chosen for the Walt Disney Company’s elite business development program. After this announcement, the value of a MATIC token rose 22.5% to $0.711705, the highest price in a month. Related ...read more

South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

Jan 7, 2023

The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. A Safer Crypto Ecosystem The deputy governor of the SARB, Kuben Naidoo, recently said the institution had revised its stance on cryptocurrencies and is now looking to introduce a framework t ...read more

Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

Jan 7, 2023

The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to Target Small Businesses in the Communities of Ilopango, Soyapango, and Apopa The digital currency exchange Bitfinex has detail ...read more

Alpha Venture DAO introduces the first DEX to bring expirable futures to DeFi: Contango

Jan 7, 2023

Contango devised the best procedure for users to trade futures in the most optimal way... Alpha Venture DAO (previously Alpha Finance Lab), a multi-chain dApp ecosystem with in-house and incubated projects, today announced the latest project launch from Alpha Incubate called Contango, a decentralized exchange that brings expirable futures to DeFi without order books or liquidity pools. Traders can directly access linear and inverse contracts with expiry dates and leverage. Traders no longer ...read more

Torches, the Lending Protocol on KCC Opens TOP Mining with Up to 900% Mining Rate

Jan 7, 2023

Singapore, July 15, 2022 – Torches Finance, the decentralized lending protocol, announces the official launch of TOP (Torches Point token) Mining. By participating in the “Supply & Borrow”, users  will be able to obtain the TOP rewards, which can be exchanged for TOR (Torches token) with a certain coefficient before the TOR launching. Built on the KuCoin Community Chain (KCC), Torches grew to the top lending protocol with its total market size over $3 million. Starting from July 15 at ...read more

Ethereum L2 exchange DeversiFi transforms into multi-chain gateway rhino.fi

Jan 7, 2023

Related News Opera, the company behind the popular Opera web browser, today announced integration with DeversiFi, an  Ethereum layer-2 exchange powered by Starkware’s scaling solution — providing cheap and instant transactions within its mobile browser wallet.... Read more Bitfinex, the popular crypto trading platform, and DeversiFi, a layer-2 (L2) trading platform powered by StarkWare technology, have launched the first L2 bridge between a central ...read more

Blockchain identity passport platform Quadrata raises $7.5 million in seed round

Jan 7, 2023

Related News Quantum Generation (QG), a space-based decentralized banking, exchange, data storage, and social platform, announced today with Plato, an open intelligence repository and platform that curate's the latest data intelligence, that the two teams will... Read more Mixin, a layer-2 solution with support for 41 blockchains including Bitcoin, Ethereum, Monero, Polkadot, etc., announced it has developed a new Telegram bot:  MixinWalletBot, which i ...read more

Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025

Jan 7, 2023

The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time helping to establish 10 innovative companies in the area. Shanghai Establishes Metaverse Development Plan The metaverse is emerging as a technology that is attracting the interest of major count ...read more

Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin — Asset Prices Are Crashing, ‘Greatest Sale on Earth’ Incoming

Jan 7, 2023

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin. Robert Kiyosaki Waiting to Buy Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, reiterated this week that he is waiting to buy bitcoin, emphasizing that “the Greatest Sale on Earth” is coming as asset prices ar ...read more

Bitcoin Manage To Hold Its Own As Wall Street Open With Losses, Analysts Weigh In On Bottom

Jan 7, 2023

While American stocks plunged at the opening of Wall Street on July 14, Bitcoin escaped losses, but traders remained uneasy. Analysts Weigh In On Bitcoin Bottom The S&P 500 and Nasdaq Composite Index both fell by about 1.8% at the time of writing as Wall Street opened in the red. Although the largest cryptocurrency’s correlation to stocks declined to its lowest levels of 2022 so far, Bitcoin was still able to hold its own. BTC/USD trades above $20k. Source: TradingView BTC/USD fluctuated a ...read more

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