Author: Yeek.io

Gibraltar, Gibraltar, November 29th, 2024, Chainwire Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets. Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events. The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions…

Homepage > News > Business > Japan: FSA wants to tweak rules for specific digital assets Japan‘s financial regulator is again considering tweaks to digital asset rules, taking into account the growing number of different roles and asset types. Among the new proposals are a new classification for digital asset applications that work as brokers between users and exchange platforms, as well as ideas on managing stablecoins. The Financial Services Agency (FSA) floated the ideas as part of its Financial System Council Working Group on Payment Services. The Group seeks to keep abreast of any developments in new payment technologies…

As seen with Maker and the surrounding liquidity crunch, liquidity is everything. Without it, systems crumble. As a result, we’ve seen the realized potential for permissionless DEXs like Kyber and Uniswap. The ability for anyone to tap into their respective liquidity pools has allowed for both exchanges to experience unparalleled growth in recent months as they both break new record volume amid the coronavirus outbreak. Yesterday during all the insanity Uniswap 24hr volume reached $53MI don’t feel like celebrating but I’m glad it was able to handle the massively increased load without issue. A major testament to Ethereum imoWas this the highest volume day of any DEX ever? pic.twitter.com/cv4x3m8Zyu—…

A 13-year-old boy got doxxed by crypto traders after pulling the rug on a pump.fun token he named Gen Z Quant. Traders doxxed his whole family and turned them into pump.fun tokens. The price chart of Gen Z Quant, a token belonging to a 13-year-old who rugged the original token at $30,000, November 20, 2024 | Source: DEX Screener A 13-year-old boy has been caught in the middle of one of the most random rug-pulls the crypto community has ever witnessed. On Nov. 20, the unnamed boy launched a token on pump.fun under the ticker QUANT and watched as the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Online food deliveries are projected to grow to $1.85 trillion by 2029—and that’s good news literally for nobody, from restaurants to everyday foodies. Seriously, the web2 food delivery industry is one of the most broken things out there, a prime example of how a middleman barges in to make things harder for everyone. As it happens, this makes for a perfect use case for web3 and decentralized physical infrastructure networks, more precisely, one putting web3 at the…

XLM topped the weekly losers list but defended a key level as support.  Will the price consolidation above $0.4 extend amid whales’ lack of interest? Stellar [XLM] topped the weekly losers chart on CoinMarketCap, dumping 8% after a 173% pump the previous week. While the pullback could be a healthy retracement before another leg up, do indicators support a similar outlook?  What’s next for XLM? Source: XLM/USDT, TradingView From a weekly chart perspective, XLM defended a key resistance at $0.4 as a support. This increased the odds of the altcoin eyeing its 2021 highs of $0.79 or higher. The uptick…

Este artículo también está disponible en español. Crypto analyst Tony Severino said Litecoin is about to pull an XRP, suggesting that the coin could soon enjoy a parabolic rally. The analyst alluded to a bullish indicator on LTC’s chart, which showed that the crypto could witness this parabolic rally.  Litecoin Is About To Pull An XRP, Here’s Why In an X post, Tony Severino said that Litecoin is about to pull an XRP, noting that the crypto is now above the monthly upper Bollinger Band. This suggests that LTC has undergone the necessary price correction and is now well-primed for…

Paypal USD In a landmark development for the crypto industry, PayPal USD (PYUSD) has integrated with LayerZero’s Omnichain Fungible Token (OFT) Standard, enabling seamless transfers between Ethereum and Solana. This advancement allows for fast, secure, and cost-effective transactions, bringing flexibility to PYUSD holders while enhancing interoperability in the stablecoin ecosystem. A Game-Changer for Stablecoin Transfers 1. Effortless Cross-Chain Transfers The integration of LayerZero with PYUSD empowers users to transfer their stablecoins between Ethereum and Solana without relying on centralized platforms like PayPal or Venmo. This enhances self-custody for users, giving them greater control over their assets. LayerZero’s OFT Standard enables…

Ethereum family, We have two major updates today, three smaller ones, and a bunch of reminders about Devcon SEA and how you can get involved ahead of getting together in Bangkok from November 12-15. Ticket sales are open NOW! Get your Devcon ticket! You can apply now for various builder and local discounts. Check out all ticket types, and apply for discounts here. Self-claimable discounts We are giving discounts to Ethereum contributors. Check to see whether your Ethereum address or GitHub username is eligible for a Devcon discount here. Discounts are limited, so be sure to claim yours in time!…

2November saw a significant boost in non-fungible token (NFT) sales, closing the month at a six-month high. According to CryptoSlam data, NFT sales in November reached over $562 million, a 57% increase compared to October. This marks the highest monthly figure since May, when sales exceeded $599 million.  NFT Monthly Sales – November. Data source: CryptoSlamBitcoin-based and Cryptopunks NFTs played a major role in driving this surge. Six CryptoPunks ranked among the top NFT sales over the last 30 days, with prices ranging from $300,000 to over $500,000. Additionally, Bored Ape Yacht Club (BAYC) NFTs contributed to the growth, with three pieces selling…