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Showing posts from August, 2023

MMPro partners with Soken, the platform that is building trust within the decentralized space, providing security and legal solutions all over the globe.

Soken is a team that enhances Web3.0 security by providing the highest quality-price-ratio smart contract audits, legal services, and CEXs listing services with full support. Furthermore, Soken’s team believes in thinking ahead and deeply analyzing every case. In a partnership with Soken, MMPro team now will provide its clients with: • Standard Security Audit • It is the automated testing of a smart contract that is perfect for projects in their early stages. Due to this audit, they check for the operability of smart contracts, as well as smart contract overview, and testing for common vulnerabilities in the code or any part of contract operation. • Comprehensive Security Audit • It is detailed testing for bugs and errors, weaknesses, and flaws in the contract code that includes automated and manual testing and is followed by the team recommendations. • KYC / DOXX • AI-powered automated identity testing with face-scanning technology with your country’s language support. •

Chainge Finance integrates with 1inch to provide Chainge users with the highest liquidity and best possible prices.

“This integration is totally in line with 1inch’s expansion strategy, and we are glad to collaborate with Chainge Finance, a prominent player in the DeFi space,” says Sergej Kunz , 1inch Network co-founder. The 1inch collaboration gives Chainge users access to deep cross-chain liquidity on the following networks: Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Gnosis Chain, Avalanche, and Fantom. In addition to substantially increasing liquidity for the pre-existing tokens listed in the Chainge DEX, the 1inch integration also implies the listing of an additional whopping 160 new tokens. “The Chainge/1inch integration represents a huge step towards an efficient, cost-effective, all-encompassing cross-chain liquidity aggregation solution that rids traders of constantly having to check prices on different DEXs, use bridges or switch wallets. Collabs such as this truly are the financial backbone of the rising web 3.0 as we combine 2 extraordinary technologies in the best interest of

Kadena project spotlight the DNA, Database of Native Assets, a blockchain-based platform, built on Kadena, that helps brands combat counterfeiting and build trust with their customers. 

Kadena builds technology that makes blockchain work for everyone. Its ecosystem also powers real-world use cases for enterprises and entrepreneurs, providing the security of Bitcoin, virtually free gas (transaction fees), unparalleled throughput, as well as Pact – a secure smart contract language with built-in bug detection. Founders of Database of Native Assets Abraham Milano ,  Adam Joannou  &  Douglas Jakobi co-founded DNA in 2021. As a token-based bridge between the physical and digital worlds that allows creators to mint their own branded DNA tokens. It also proves their product’s provenance and authenticity, reducing counterfeiting risk in the process. Question and answer portion with Abraham and Adam 1. How do you explain DNA in simple terms? ANS: Database of Native Assets (DNA) is a blockchain platform that bridges the physical and digital worlds. With DNA, brands can tokenize their physical products , to fight counterfeiting , empower a safer & more reliable onl

BTC Price Capitulation Almost Over, But Will $27k Support Hold?

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The most prominent crypto saw a spike in trading volume as investors quickly reacted to the much-publicized Grayscale Investments’ win against the Securities and Exchange Commission (SEC). advertisement The ruling made by the appeals court permits Grayscale to convert its  Bitcoin Trust (GBTC) product to a spot Bitcoin exchange-traded fund (ETF) upon approval by the SEC. Many analysts, opinion leaders, and experts in the crypto industry believe that the approval of a spot BTC ETF and the upcoming halving would fuel the next bull run anticipated in 2024/2025. However, the SEC has continued to reject proposals citing volatility and possible market manipulation among other reasons for not giving the greenlight. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read

Starfish integration with Celer Network was announced lately. Celer Network is a prominent cross-chain asset transfer technology. It is such a historical moment for both teams to witness the integration of cBridge and the IM framework.

As the Starfish team firmly believes, the blockchain economy’ s future is multi-chain, and this integration will significantly enhance its DeFi and NFT-Fi user experience. Boosting Cross-Chain Liquidity Efficiency with cBridge Through Celer Network’s cBridge and the recent XCM update on the Polkadot ecosystem, users will be able to bridge their crypto assets seamlessly between various Layer 1 and Layer 2 ecosystems. Starfish Finance takes initiatives to deepen collaboration with a wide range of decentralized protocols outside and inside the Astar network. Cross-Chain NFT Lending and Borrowing via Celer IM Starfish’s partnership with Celer Network is beyond a ubiquitous DeFi bridge. The latest Celer’s IM framework fuse within the Starfish Finance protocol. Users can securely lock their NFTs on their native chains , enabling them to borrow various crypto assets cross-chain on Astar Network. The beauty of such a mechanism is that users will not risk security issues locking their NFT

MEXC Global partners with Darwinia to support $RING deposit and withdrawal on Darwinia Smart Chain. Darwinia Network provides a light client-based, programmable, universal cross-chain messaging network for dapp developers.

Connect MetaMask To Darwinia Smart Chain 1. Add the RPC automatically Go to  https://docs.darwinia.network/  and click the “Connect Wallet” on the right upper corner, then you can see the RPC configuration parameters of Darwinia Smart Chain Click and then the corresponding network RPC adds automatically. 2. Add the RPC manually This part will guide you through the process of connecting your MetaMask wallet to Darwinia Smart Chain If you do not already have MetaMask installed, you can install the extension from the   Chrome store . For help with installation, you can follow the  Getting Started with MetaMask guide from the official MetaMask documentation. Once you have installed the MetaMask extension, follow the account creation wizard. Make sure to store your mnemonic safely and do not share it with anyone. When MetaMask is fully set up, your Darwinia Smart Chain address is displayed at the top of the extension window. Once you have an account, you can add Darwinia Smart

Uniswap seeks $100-$200M in funding at $1B valuation

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A host of companies have been expanding their reigns in the crypto-verse of late. Right from offering new products to acquiring funding and branching out—different organizations have been treading on different paths with the same goal. In the latest development, Uniswap plans to expand its already existing reigns. Per a recent report from TechCrunch, Uniswap Labs is in the “early stages” of putting together a new funding round. It is reportedly engaging with a number of investors—including Polychain and one of Singapore’s sovereign funds—to raise an equity round of $100 million to $200 million at a valuation of about $1 billion. JUST IN: Uniswap Labs to raise equity at a $1,000,000,000 valuation. — Watcher.Guru (@WatcherGuru) September 30, 2022 According to TechCrunch’s unnamed sources, the deliberations of the round haven’t reached the final stages . As a result, the terms of the deal may change going forward. In August 2020, Uniswap Labs raised $11 million in its Serie

Boba Network & BNB Chain Unite

Boba Network & BNB Chain unite through their recent integration. Boba Network will continue its push to become the most advanced multichain scaling solution for Web3 developers in the industry. After the launch of its integration with Avalanche last month. They’ve been working hard to integrate with various projects and continue pushing forward the L2 technology as further as possible. Boba Network is the world’s first multichain L2 in the crypto industry. To complement this achievement, they recently launched its state-of-the-art Hybrid Compute computation framework to provide cutting-edge interoperability for developers between the traditional Web2 and Web3 worlds. Now they’re coupling that incredible potential with direct integration with Binance’s BNB Chain. Boba Network and BNB Chain – A State-of-the-Art Combination For Web3 developers, this means that they are making it simple to build your next dApp or game with all the benefits Binance and its BNB Chain have to offer. Furth

JPMorgan’s First Polygon DeFi Trade for MAS’ Project Guadian

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DBS and SBI Digital Asset have also joined the team in order to perform live trades using DeFi, tokenized deposits, and verified credentials. On November 2, as part of the Singapore Monetary Authority’s (MAS) Project Guardian test, JPMorgan performed the first live cross-border transaction utilising Polygon. Among other use cases, Project Guardian intends to investigate how conventional financial institutions might utilise tokenized assets and decentralised finance (DeFi) protocols to perform financial transactions. Milestone for JPMorgan: Sopnendu Mohanty, the Chief Fintech Officer of MAS, said that the live trials performed by industry partners indicate that digital assets and DeFi have the potential to revolutionise capital markets with the proper safeguards. The Project Guardian has “deepened” the regulator’s knowledge of the digital asset ecosystem and helped to the establishment of Singapore’s digital asset policy, according to Mohanty, who called it

Binance Removes Cardano, MATIC, PEPE & Other Liquidity Pools

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Binance Announces Liquidity Pool Removal Crypto exchange Binance in an official announcement on August 28 revealed plan to remove 39 liquidity pools. Typically, Binance periodically adds and removes crypto from its products and services. However, the U.S. SEC and CFTC lawsuits and regulatory challenges have forced Binance to make these changes as trading volumes and liquidity fell significantly. advertisement “We periodically review listed liquidity pools to concentrate liquidity for our users and ensure optimized trading experience, price and slippage.” Binance will remove 13 BNB pairs from liquidity pool on September 1 at 04:00 UTC. These are ADA/BNB, MATIC/BNB, FIL/BNB, AVAX/BNB, TRX/BNB, CHZ/BNB, CTSI/BNB, GALA/BNB, NEO/BNB, SUSHI/BNB, SXP/BNB, THETA/BNB, and ICP/BNB. Pairs in Bitcoin and Ethereum pairs are ALICE/BTC, APE/BTC, CHZ/BTC, ID/BTC, SUSHI/BTC, SXP/BTC, THETA/BTC, and TRX/ETH. Recommended Articles

Asia's weekly TOP10 crypto news (Aug 21 to Aug 27)

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Author:Crescent Editor:Colin Wu 1. The Mainland of China’s Weekly Summary 1.1 China Court Network Releases “Characterization of Illegal Acquisition of Virtual Currency Activities” link On the 24th of August, the China Court Network published an article titled “Qualification of Illegal Acquisition of Virtual Currency Activities.” The article examines three perspectives on the legal qualification of illegal acquisition of virtual currency activities. These perspectives include categorizing it as a crime of illegally obtaining computer information system data, considering it as a theft crime, or potentially involving both charges, where one heavy offense could be chosen. The legal characterization of the unlawful acquisition of virtual currency depends on the time when the actions occurred. If it took place before September 2017, virtual currency was regarded as property within the context of criminal law. This might lead to charges of both theft and illegal acquisition of computer inform

Colombian peso-backed stablecoin debuts on Polygon with yield benefits

Num Finance launches nCOP, a Colombian Peso-pegged stablecoin on Polygon, offering users an 8% yield and promising a fresh take on remittances in Latin America. Num Finance, a Latin America-based stablecoin s issuer, has introduced its latest stablecoin , nCOP. This new digital asset, pegged to the Colombian peso, is now live on Polygon.  The company claims nCOP will offer users an 8% yield . Num Finance aims to offer digital financial tools to the people of Latin America for their everyday financial needs. As an overcollateralized stablecoin, nCOP promises stability and heightened security to users, facilitating borderless transactions. The firm claims the new stablecoin will help more people access financial services in the area by offering them an easy way to send and receive remittances.  Additionally, the company has integrated a yield feature into the new nCOP stablecoin, enabling users to earn rewards when they hold the asset. “Colombia presents a unique opportunity to to

Magnet Finance rug pulls $6.4m on Base L2

Coinbase’s Base L2 network faces a new setback as Magnate Finance orchestrates a $6.5 million exit scam using price oracle manipulation. On Aug. 25, ZachXBT, an on-chain analyst and crypto expert, sent out a community alert through X (previously known as Twitter) to his 434,000 followers, cautioning them about a potential exit scam by Magnate Finance, a lending protocol operating on BASE. Community Alert: Magnate Finance on Base will likely exit scam in the near future currently with over $6.4M TVL. The deployers address is directly linked to the Solfire $4.8M exit scam. pic.twitter.com/mBDUy3D66j — ZachXBT (@zachxbt) August 25, 2023 Within an hour of the warning, Magnate Finance’s website went offline, and its Telegram group was deleted. The abrupt disappearance led to a loss of $6.5 million, attributed to the deployer’s manipulation of the price oracle. Magnate Finance, which described itself as a novel lending protocol on Coinbase’s BASE chain, had accumulated $6.4 million in

Bitstamp Ends Ether Staking for US Customers Amid Regulatory Scrutiny

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Join Our Telegram channel to stay up to date on breaking news coverage Bitstamp said it will discontinue its ether staking program for customers in the US in response to ”regulatory dynamics.” The move by the cryptocurrency exchange, which comes into effect on Sept. 25, follows increased scrutiny from the U.S. Securities and Exchange Commission (SEC) on staking services. The watchdog considers staking to be potential investment contracts that should be subject to securities regulation. The decision aligns with Bitstamp’s earlier move to delist seven tokens due to regulatory concerns. Staking, a practice involving pledging tokens to support blockchain operations and earning rewards in return, has been a significant feature of the crypto landscape. The move marks the end of staking rewards for US customers. The discontinuation of staking services for US users aligns Bitstamp with its existing policies in countries like Canada, Japan, Singapore, and the United Kingdom, where si