Day: March 25, 2022

What Problems is izumi Finance Solving for Uniswap V3

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How will izumi change the battle between Uniswap and Curve for top DEX? Launched on Bybit in December, izumi Finance is the first programmable liquidity mining protocol which optimizes liquidity allocation and enables the protocol to deliver rewards precisely and efficiently over certain price ranges. Within a week of launching on Polygon in January, its USDT/USDC pool grew to provide 70% of TVL for Uniswap. Pledging iZi, the protocolโ€™s token, earns users veiZi, and holding veiZi earns up to 2.5x incentives in Uniswap V3 liquidity mining. In addition, it is…

NSAV Partners with MNC to Launch First Multi-token Blockchain Home Mining Rig HIVE

Net Savings Link, Inc. (OTC Pink: NSAV), a technology services company for the digital asset industry, announced Thursday a partnership with Metaverse Network LLC (MNC) to release HIVE, the first multi-token-enabled blockchain home mining device. ย  MNC, a DApp converting diverse users into decentralized will be listed in New York in Q1 2022. WY Cheung, CEO of MNC stated that: “We are in talks with additional BTC and ETH physical mining farms, which are now planning to algorithmicize their hash rate and map it into the HIVE soon and…

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month โ€” What’s next?

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Cardano (ADA) inched higher on March 25, putting itself on course recoup a great portion of losses that it had incurred in the first two months of this year. Cardano: not so bullish yet? ADA’s price jumped by around 7.5% in trading Friday, reaching $1.19 over a month after bottoming out at around $0.75. The Cardano token’s huge rebound move netted around 60% in gains. Nonetheless, it remained at the risk of losing its upside momentum in the coming weeks. At the core of this bearish analogy is a multi-month…

Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies โ€“ Emerging Markets Bitcoin News

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The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading Beneficial to a Few The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has reiterated that his institution still opposes cryptocurrency transactions. The governor also suggested that Kenyan citizens must always be wary of investing in highly volatile asset classes such as cryptocurrencies. In remarks published by…

Trader Who Correctly Called Historic Bitcoin Crash Updates Outlook on Top Cryptocurrency

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A seasoned trader known in crypto circles for correctly predicting Bitcoinโ€™s massive 2018 meltdown says BTC is actually in a โ€œhistorical bull marketโ€ despite trading in a wide range for months. In a new interview with StockCharts, Brandt says Bitcoin is currently taking a breather after crypto assets surged by around 17 times since the crash of March 2020 that was triggered by the Covid-19 pandemic. โ€œYou know Bitcoin is in a big trading range. Itโ€™s in a very historical bull market, an incredible market. Iโ€™ve traded for 47 years,…

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Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation โ€“ Bitcoin News

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On March 23, Hondurasโ€™ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Hondurasโ€™ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin legal tender in the country. Despite Rumors, Hondurasโ€™ Central Bank Says Bitcoin and Crypto Assets Are Not Legal Tender in the Country In recent times, thereโ€™s been a lot of rumors that claimed the 56th…