Day: January 6, 2022

The World’s First DEX Phone App Is Now Live on Android

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The key to mass adoption of crypto is currently limited by the fact that most decentralized platforms are too difficult to use. There needs to be an interface to simplify complex, decentralized infrastructures and protocols for the public. An enhancement of user accessibility will break down entry barriers and take consumer experience to the next level. In the current crypto landscape, the major accessibility problems arise from DEXs due to their complex OS and hard-to-figure UI/UX structure. The usage rate is growing at an astonishing pace, but many exchanges are…

El Salvador Prepares Regulatory Framework To Issue Controversial Bitcoin Bonds

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Will the plan work? Soon, the Bitcoin Bonds will get the legal foundation they need. In a recent TV interview Alejandro Zelaya, El Salvador’s Finance Minister, said they will send the necessary bills to Congress. Soon. Reportedly, El Salvador will initially issue $1B worth of bonds, which will have a ten-year maturity and carry a 6.5% coupon. The bitcoin that backs them will be locked for five years. The project, announced by President Bukele at Labitconf 2021, includes plans to build Bitcoin City. More on that later. In a scheme…

Why The $LOCG Token Could Be Promising

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LegendsOfCrypto (commonly known as LOCGame) is the first play-to-earn GameFi project of Rbl Labs, a company based in Amsterdam – it focuses on NFTs (Non-Fungible Tokens) and bringing their use case to the blockchain gaming space. LOCGame is a pay-for-play and strategy card game that features several metaverse and play-to-earn features on a 3×3 battle grid. The game’s metaverse is an acknowledgment of the history of the crypto space and the pop culture associated with them. It also features many instantly recognizable playable characters in the form of popular influencers…

Binance implements a ‘fair way’ to purchase NFTs

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Due to the rise in demand, it’s increasingly harder to purchase nonfungible tokens (NFTs) on their initial launch. Because of the limited supply, and high demand, some NFT drops have sold out after only a few seconds of release.  With this, users who are interested in purchasing newly-released collections have no choice to wait until the initial owners decide to flip the NFTs for some profit, resulting in having to pay more or not being able to acquire any of the NFTs entirely.  Because of this, Binance introduced a subscription mechanism…

Ex-US CFTC Chair Advocates Building Financial Infrastructure with Blockchain

Former Chairman of the United States Commodity Futures Trading Commission (CFTC) Christopher Giancarlo slammed handlers of the economy for taking a back seat in financial innovation related to blockchain technology and cryptocurrencies. Giancarlo’s Take Christopher Giancarlo is a renowned advocate of cryptocurrencies and blockchain technologies. Christopher’s advocacy dates back to his time as Chair of the CFTC under former President Donald Trump, and at an event organized by the American Enterprise Institute this week, he said if the US does not modernize with Blockchain and crypto, the nation stands the risks of…

Polkadot, Solana Biggest Losers Among Top Cryptos

Among the top ten cryptocurrencies by market capitalization, tokens of Ethereum rivals Avalanche (AVAX), Terra (LUNA), and Solana (SOL) – the so-termed ‘SoLunAvax’ trade – fell as much as 12% in the past 24 hours. Polkadot (DOT), another Ethereum rival, saw its tokens fall by 14% before seeing a slight revival in Asian hours on Thursday. Source

Coinbase Shares Predictions on Future of Ethereum Scalability, Metaverse, Defi, NFTs – Featured Bitcoin News

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Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit Chatterjee, shared last week 10 predictions of what the crypto industry holds in 2022. The predictions cover a range of crypto topics, including ETH scalability, zero-knowledge proof technology, decentralized finance (defi), non-fungible tokens (NFTs), and the metaverse. Non-fungible tokens “will become the next evolution of users’ digital identity and passport to the metaverse,” the executive described, adding:…

Bitcoin Falls To $43k After Fed FOMC Meeting Report Show Commitment To Decrease Balance Sheet

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As the price of Bitcoin hovers just around $43,000, the cryptocurrency community is buzzing with expectation.  This is due to the sideways price action following Federal Reserve commitment to decrease balance sheet. Bitcoin and Crypto Market Crash The price of bitcoin fell below $44,000 shortly after the Federal Reserve’s December FOMC meeting notes re-confirmed efforts to regulate the balance sheet. After minutes from the Federal Reserve’s December FOMC meeting revealed that the regulator is dedicated to reducing its balance sheet and hiking interest rates in 2022, Bitcoin (BTC) and the…

CoinEx 4th Anniversary｜Meet the CoinEx Team in the United States

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On the 4th anniversary of the exchange in December 2021, CoinEx launched the “Meet the CoinEx Team” anniversary celebration together with its global Ambassadors as a gesture to thank and give back to users. On December 21, 2021 (UTC), on behalf of the exchange, CoinEx’s US Partner Devis Maxhari hosted a “Meet the CoinEx Team” meet-up to celebrate the exchange’s 4th anniversary. Ever since its inception, CoinEx has always valued interactions with users. This meet-up brought users and the exchange closer through videos, and CoinEx’s US team also reached out…