Tag: finance

Xuirin Finance (XUIRIN) Launches Presale, Aiming to Transform the DeFi Sector

PRESS RELEASE. In a significant stride towards revolutionizing the decentralized finance (DeFi) landscape, xuirin Finance is excited to announce the launch of its presale, effective immediately. This pivotal event marks a monumental milestone for the innovative DeFi platform, known for its comprehensive suite of services designed to transform how international transactions are conducted. xuirin Finance, […] Source CryptoX Portal

Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes

The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has been surpassing that generated from fintech businesses. Crypto Industry Generates More Revenue than Fintech Companies Indonesia’s Commodity Futures Trading Supervisory Agency […] Source CryptoX Portal

Finance Protocol Usual Introduces Stablecoin Backed by Real-World Assets

“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on,” Person said in the release. “Usual is proud to be addressing this void by providing a permissionless, real-asset backed stablecoin that shares our profits directly with the community, and empowers our token holders to guide us to the future that they see fit.” Source

Exploring the Capabilities of the Cross Finance Ecosystem

Cross Finance is a next-generation digital ecosystem of cutting-edge payment solutions, bridging the worlds of banking and blockchain. CrossFi seamlessly integrates these two pivotal segments of the global economy into a unified ecosystem, offering unparalleled scalability and processing speed of up to 1 million transactions per second through the core of the CrossFi Chain—a modular […] Source CryptoX Portal

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

Last week, Uniswap proposed rewarding UNI token holders who stake and delegate their staked tokens with a portion of the DEX’s fee earnings. UNI is the native governance token of Uniswap. The crypto community cheered the proposal, sending UNI higher by 60%. Several other DeFi tokens, including COMP, AAVE and SUHI, also witnessed an increase in value. Source

Curve Finance unveils new defi lending contracts

Curve Finance‘s decentralized finance (defi) expansion plans highlight the deployment of new lending contracts, enabling arbitrage traders to capitalize on profitable trading opportunities. Curve rolls out new lending contracts The introduction of lending contracts by Curve Finance opens up new avenues for arbitrage traders, presenting them with the opportunity to potentially secure substantial profits. The deployment of these lending contracts signifies Curve’s entry into the competitive defi lending market. By allowing users to lend their assets through smart contracts, Curve is diversifying its offerings and providing its users with more…

DeFi Startup Euler Finance Bounces Back with Revamped Lending Vaults

Following the Lego-like power principle of DeFi, the new system combines building blocks like Euler Vault Kit (EVK), which empowers builders to deploy and chain together their own customized lending vaults in a permissionless manner, and an Ethereum Vault Connector (EVC), which enables vaults to be used as collateral for other vaults, the company said in a press release. Source