Day: January 28, 2022

CoinFLEX’s New AMM+ and the Rise of Crypto Yield 2.0 – Sponsored Bitcoin News

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sponsored CoinFLEX, a leading derivatives exchange and yield platform, has announced the second iteration of their innovative AMM+ (Automated Market Maker) platform—making the yield-earning product more accessible to everyday investors. AMM+: Leveling up the AMM model on a CeFi platform AMM+ Statistics The revamped AMM+ page now offers users a statistical summary they can easily reference to access relevant information when selecting a market pair. This includes key figures such as average TVL (total value locked), volume, and APR across both 24-hour and 7-day time periods. Tips and Guidance AMM+…

Wall Street Crypto Firm Valkyrie Is Holding a $700M Protocol Treasury

Valkyrie Investments will oversee NEM and Symbol protocol’s $700 million token treasury in a tie-up between modern-day asset managers and the digital realm. The multi-sig setup, which was formalized on Jan. 25, according to on-chain data, is an early instance of collaboration between two disparate corners of crypto. Valkyrie is a Wall Street-facing outfit known for its bitcoin futures exchange-traded fund; Symbol is one of the many blockchain protocols where pseudonymous users are building “the future of finance.” Their seemingly odd coupling comes as the crypto industry takes a hard…

FriesDAO Wants to Start a Crypto-Crowdfunded Fast-Food Franchise

Wanna flip burgers instead of coins this crypto winter? FriesDAO certainly does. The crypto group plans to start a fast-food franchise following ConstitutionDAO’s “let’s buy (and govern) a real-world asset with crowdfunded tokens” playbook. On Saturday, the self-proclaimed decentralized autonomous organization (DAO) will start a $9.7 million fundraising drive. In return for Ethereum-based USDC, benefactors will receive tokenized voting rights over which chain restaurant FriesDAO buys. “You are going to have voting rights that influence decision making on the acquisition of a fast-food restaurant,” Bill Lee, a project adviser, told…

07/01/2022| Cryptocurrency Tamil news today | Shiba inu coin news | Crypto Tamil | Bitcoin Tamil

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 07/01/2022| Cryptocurrency news today tamil | இன்றைய க்ரிப்டோ செய்திகள் |Bitcoin news today tamil In this video we have the Cryptocurrency news today, we have shared all the latest crypto updates. Altcoin updates in Tamil, alt season news Tamil and also daily crypto news in Tamil Latest crypto news Tamil also crypto market news in Tamil and crypto coin news Tamil then crypto latest news Tamil and then Ada crypto news Tamil, Shiba Inu coin Tamil also Shiba Inu coin news Tamil Shiba…

Jefferies Sees Nearly 160% Upside for Marathon Digital's Shares

Marathon Digital (MARA) is on pace to become the largest publicly listed bitcoin miner this year, Jefferies said in a note on Friday. An analyst from Jefferies started coverage with a 12-month price target of $51, implying a 158% increase from the stock’s recent closing price. “MARA is on track to be the largest publicly traded miner by the end of 2022, with deposits paid on more BTC ASIC miners than any of its peers,” analyst Jonathan Petersen wrote, referring to bitcoin application-specific integrated circuit miners. Marathon is “highly profitable”…

Polkadot Parachain Astar Network Raises $22M From Polychain, Alameda Research

Astar Network, a parachain of the Polkadot network, received $22 million strategic funding from crypto venture capital firms Polychain and Alameda Research. Astar will use the funding for geographical expansion, the company said in a press release on Friday. Other investors in the round were Alchemy Ventures, Animal Ventures, Crypto.com Capital, Digital Finance Group, GSR, Injective Protocol and Scytale Ventures, among others. Astar Network is a parachain or a parallel chain of Polkadot, a framework for connecting various blockchains. Polkadot’s main relay chain does not support smart contracts. Astar provides…

Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments – Bitcoin News

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The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed that authorities in Sofia are now exploring options to implement a crypto payment mechanism. Finance Ministry of Bulgaria Has No Information About Alleged Bitcoin Stash The mystery surrounding the 213,576 bitcoins believed to have been seized by Bulgaria has entertained the global crypto community for years and raised…

The Use of Blockchain in the Cannabis World

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Blockchain and cannabis have one thing in common: they are both disruptive developments changing how people do business worldwide, particularly in the United States. When it comes to legal cannabis producers, blockchain has the potential to completely transform an industry that has been hampered by a shockingly slow development trajectory, resulting in increased revenues in the future. This isn’t only true for growers; blockchain’s impact on a sector will also affect retailers and producers. But before we look into the impacts, it is imperative to evaluate the cannabis industry’s challenges?…

Anchor Protocol Reserves Slide as Money Market's Founder Talks Down Concerns

The reserves of Terra-based lending and borrowing protocol Anchor, which offers a supposedly industry-beating benchmark deposit rate of around 20%, are sliding fast as a result of the crypto market crash. Data provided by Terra.Engineer shows reserves have slumped by half to 35 million UST – that’s Terra’s native U.S. dollar-pegged stablecoin – in four weeks. It works out to an average decline of about 1.25 million UST per day. The crypto community is worried that the reserves will be drained in three weeks or so in the absence of…

Multichain DApp protocol Astar raises $22M in latest round led by Polychain

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Astar, a multichain DApp protocol formerly known as Plasm, has raised $22 million in its latest strategic fundraise. The funding round was led by Polychain and saw participation from the likes of Alameda Research, Crypto.com Capital, Digital Finance Group and a few other angel investors. Astar rose to popularity after gaining the Polkadot parachain slot last December and the protocol was officially launched on Jan. 17th. Astar is currently working to become the first protocol to support two virtual machines on its Polkadot parachain- The Ethereum Virtual Machine (EVM) and…