It is no secret that Binance’s vision of DeFi involves many centralized aspects. Following the launch of Binance’s Smart Chain, an Ethereum-compatible blockchain with a keen focus on decentralized finance, the exchange is now doubling down on its strategy to attract DeFi projects. At the company’s World of DeFi summit on Thursday, Binance’s CEO Changpeng […]
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Despite Ethereum’s proposal to fix its high fees, some feel that more needs to be done to improve the network. The crypto market has been on the receiving end of a market downturn during the past week, with many cryptocurrencies facing drops in valuation almost overnight, raising concerns that a bear market has commenced. Furthermore, […]
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The platform will allow investment in commercial real estate from as little as $5,000, and liquidity in the form of token-backed loans during the 12-month lockup period. Despite receiving hype as a potential killer-app for blockchain, tokenized real estate has in many ways failed to live up to its early promise. However, fintech startup Reinno […]
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An NFT vault has emerged as the second-largest owner of virtual land in the crypto-powered game The Sandbox. The Whale non-fungible token vault has become the second-largest holder of virtual land in The Sandbox game — and its owner plans to become a virtual real estate developer. WHALE tokens represent fractional ownership in The Vault […]
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Six individuals associated with the multi-billion dollar PlusToken Ponzi scheme have been prosecuted by Chinese police. Six of the 109 individuals recent arrested by Chinese authorities in connection with the $5.8 billion crypto Ponzi PlusToken have been charged. The defendants Chen Shaofeng, Luu Jianghua, Lu Jianghua, Lu Qinghai, Jin Xinghai, Wang Yin, and Zhang Qin […]
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SushiSwap’s wild ride continues as the platform officially becomes the largest DEX by liquidity. SushiSwap, one of the latest decentralized finance, or DeFi, projects to overtake the Blockchain space, has turned a major page in its short life span. As of September 9, the protocol has officially completed a migration over to its own decentralized […]
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Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there’s an argument that the […]
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The asset’s new multichain partner makes it so. As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token. Offering USDC on Algorand gives the asset layer 1 scalability, touting more than […]
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This will be made possible thanks to an alliance between a number of top industry players. Minecraft, a best-selling game and worldwide phenomenon, is about to make its debut in the non-fungible token, or NFT, business thanks to a partnership between two players in the blockchain industry. According to the announcement, Japanese crypto exchange Coincheck […]
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Ethereum 2.0 will lose the first-mover advantage its first iteration had. How does it stack up against the extensive competition in 2020? After several years in development, Ethereum 2.0 is now more tantalizingly close than ever before. Despite a shaky start with the Medalla testnet, it seems that development is still on track. Prysmatic Labs […]
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