DeFi protocol Porter Finance shuts down bond issuance platform after just one month

Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will be large inflows of lending demand for fixed income DeFi products like the ones offered through Porter Finance. This is primarily due to the competitiveness of rates offered in traditional finance and the lack of institutional fixed income DeFi adoption over the past year. We are also no longer willing…

NFT platform wars could be ahead, says new DappRadar report

OpenSea, UniSwap, MagicEden, eBay and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem. DappRader’s “Dapp Industry Report for Q2” 2022 raised, among many points, the idea that an upcoming non-fungible token (NFT) platform war could be on the horizon. The report, which was provided to Cointelegraph, spoke of how UniSwap had recently acquired Genie and OpenSea purchased Gem in an effort to expand their respective services to include NFT aggregation tools, which โ€œaccumulate NFT offers from various trading platforms.โ€…

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of โ€˜Lending Demandโ€™

CryptoX – Cryptocurrency Analysis and News Portal Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. โ€œWe are also no longer willing to take on the legal risk associated with bond offerings,โ€ Meyer said, without saying what those risks might be. โ€œFor these reasons, we are pivoting away from the bond issuance platform and exploring better opportunities.โ€ Original Source The post Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’ appeared first on CryptoX. CryptoX Portal

WonderFi Closes Acquisition of Crypto Trading Platform Coinberry

In addition, WonderFi said it may purchase other crypto companies as the shakeout in the sector continues. CEO Ben Samaroo told CoinDesk he thinks other nonregulated crypto trading platforms might have similar issues as Voyager Digital, which had exposure to troubled hedge fund Three Arrows Capital and has had to limit withdrawals. As a result, WonderFi has begun looking at potential deals for nonregulated exchanges both in Canada and globally. Source

Fetch.ai Announces DabbaFlow, A File Sharing and Data Management Platform

Fetch.ai, the development team building an open-source, machine learning-powered network for smart infrastructure and customizable dApps, has launched DabbaFlow. In a press release, Fetch.ai said the ready-made and end-to-end encrypted file-sharing system is the first of its kind and would empower businesses and entities to take control of their data privately and securely. Notably, DabbaFlow leverages the benefits of the Fetch.ai blockchain to ensure privacy preservation of all sensitive data transmitted on its rails. All data piped through the product will be auditable and secure, a guarantee vital for maintaining…

Crypto Exchange Binance Launches New Platform Aimed at Institutional Investors

Binance has announced the launch of a new platform specifically built for VIP clients and institutional crypto investors. The worldโ€™s largest exchange by trading volume says that Binance Institutional is aimed at leveling up its products and services for institutional investors, asset managers, brokers, hedge funds, family offices, proprietary trading firms, liquidity providers, high-net-worth individuals and mining companies. Binance Institutional provides a range of proprietary offerings, including support for trading on credit, over-the-counter services for trade sizes of at least $200,000, yield products for clients and other professional services. Binance…

B2B Payments Platform Tribal Joins the Blockchain Association

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