Tag: finance

Ondo Finance (ONDO) Explodes 122%

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Ondo Finance (ONDO), a decentralized finance (DeFi) protocol focused on tokenizing US treasuries, has witnessed a meteoric rise in its native token’s price over the past week. According to CoinMarketCap, although ONDO was only able to muster a meager 1.3% increase in the last day – yet pushing its value to a record-breaking $0.94 – the impressive feat comes on the heels of a 138% weekly gain, marking an impressive performance for the token. ONDO Marks Banner Week With Big Numbers ONDO doing things right on the weekly chart. Source:…

FXS Price Poised For Uptrend As Frax Finance Unveils Roadmap To Reach $100B TVL

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Frax Finance, a decentralized finance (DeFi) protocol, recently unveiled its Singularity Roadmap. It aims to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to $100 billion by the end of 2026. This notable surge would represent a 760,000% increase from the current TVL levels, which stand at $13 million.  Frax Finance Singularity Roadmap According to the protocol’s announcement, Fraxtal, the substrate that powers the Frax ecosystem, serves as Frax Finance’s operating system. With the launch of Fraxtal and achieving an effective 100% Collateralization Ratio (CR), Frax…

Borroe Finance seen as potential mooner as Celestia and SATS underperform

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In recent forecasts, analysts tout Borroe Finance ($ROE) as a top contender for substantial gains, while Celestia (TIA) and SATS face challenges amid market fluctuations. In a recent forecast, analysts recommended Borroe Finance as one of the best cryptocurrencies to consider investing in, highlighting its potential to moon. Meanwhile, Celestia (TIA) and SATS (SATS) struggle amid the ongoing market reversal. Analysts say Borroe Finance could moon Several analysts have…

Velar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight

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On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma is set to function on the Bitcoin layer two (L2) Stacks, featuring an initial pairing of two tokens. Velar’s Strategy to Elevate Bitcoin Within the […] Original

Indian Finance Minister Says Crypto Assets Cannot Be Currencies — Expects ‘Some Framework Emerging’ From G20 Discussion

Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto […] Source CryptoX Portal

Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

Earlier this month, OJK has been teaming up with financial authorities from Malaysia, Singapore, and Dubai to build a comprehensive crypto policy. These international collaborations, including drafting Memorandums of Understanding with Malaysia’s Bank Negara, Singapore’s Monetary Authority, and Dubai’s Virtual Asset Regulatory Authority, aim to establish a solid framework for crypto policy. Source

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