Osmosis relies on smart contracts instead of middlemen to execute trades between users. Much of its value proposition, however, arises from its future plans. The DEX aims to expand to other blockchains, such as Ethereum, as well as blockchains compliant with the Inter-Blockchain Communication (IBC) protocol. Source
WOO Network provides liquidity to over 40 institutions, exchanges, trading teams, wallets and decentralized applications. The company’s products include WOO Trade, a platform for institutional investors, and the retail-focused WOO X, which combines zero-fee trading and deep liquidity. Source
The most popular trend of 2021, NFTs, took off ever since the legacy auction house Christie’s sold digital artist Beeple’s artwork for an eye-watering $69 million. Non-fungible tokens (NFTs) have changed the way we think of ownership and unlocked new financial opportunities for creators. While the hype continues to rise to new levels this year and at some point is expected to normalize, it will transform into a much bigger idea that will cover more than simply art but also intellectual property rights, ticketing, music and movies, streaming, medical, video…
Estonia’s Ministry of Finance said on Sunday that new draft legislation for virtual asset service providers (VASPs) will not ban customers from owning or trading crypto, but the proposed requirements for VASPs could apply to decentralized wallet creators, including hefty capital requirements. Sunday’s statement came after news spread that the proposed bill would effectively ban decentralized finance (DeFi) and non-custodial wallets. A non-custodial wallet gives users full ownership of their crypto and private keys. Estonia did not only ban #defi, but they also banned #bitcoin. You are not allowed to…
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One Payment Provider Participated in the Pilot The Bank of Jamaica (BOJ) recently revealed that it had successfully completed the trial of its central bank digital currency (CBDC). The claim by the BOJ follows the completion of an eight-month test run that commenced in May 2021. However, in a statement released on the…
Ethereum failed to clear the $3,850 resistance and resumed decline against the US Dollar. ETH price is holding the $3,680 support, but there is a risk of more downsides. Ethereum started another decline from the $3,850 resistance zone. The price is trading below $3,750 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,750 zone and the 100 hourly SMA to turn green…
A little more than two months ago, Taproot went live. What does the biggest update to the Bitcoin network in years bring to the table? How can it help the increasingly popular Lightning Network? That’s exactly what the article we’re about to summarize is about. It starts by informing us that “Bitcoin even has a scripting language,” and that it’s called Script. Related Reading | Number Of Bitcoin Lightning Network Nodes Jumps 23% In Three Months But before we get into that, what is Taproot? “Taproot is a combination of…
NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. 3 being the biggest day of the year with a whopping $255.8 million worth of 24-hour volume. While popular onlookers as Wu Blockchain have asserted that the volume on Jan. 3 was a record high…
The advent of the internet laid the foundation for eCommerce, but it currently utilises the centralised financial system for payments. With the proliferation in the use cases of crypto and DeFi, it won’t be wrong to expect that crypto projects will tap into eCommerce to create a new shopping model that benefits all stakeholders. For instance, blockchain can integrate eCommerce applications seamlessly with DeFi mechanisms that negate the high interest charged by legacy financial services. Doing this can also allow users to benefit from more personalisation since they can be…
FTX crypto exchange founder Sam Bankman-Fried is optimistic that clarity provided by regulators around the world will stimulate institutional adoption rates for crypto this and subsequent years. In a Jan. 3 interview with Bloomberg, SBF talked about crypto regulations, institutional adoption, and the Metaverse. Despite the rocky end to 2021 for markets, SBF is “optimistic” about 2022. “The things that make me optimistic basically are more regulatory clarity in the US and globally which I think could help a ton on institutional adoption.” When asked how he thought institutional adoption…