Ren Bridge Adds Support for Bitcoin on Solana

Ren Bridge Adds Support for Bitcoin on Solana

Share this article A tokenized version of Bitcoin is now available on Solana via Ren’s bridge.  Ren Integrates Solana  Ren has launched a bridge to Solana.  The project announced the integration Thursday, remarking that “Solana brings a unique set of features to the Layer One space, along with a growing ecosystem and community.” Solana is a high-throughput Layer One blockchain that offers similar DeFi functionality to Ethereum. However, it processes transactions at a much higher speed and lower cost than the second-ranked blockchain. The ecosystem has grown at a rapid pace this year and the project has received a significant amount of attention: the blockchain’s native SOL token has climbed to 13th rank of all cryptocurrencies.  Ren, also known as RenVM, will bring more activity to Solana by offering a bridge to bring assets onto the network. It works by allowing users to mint tokenized versions of the asset they bring onto the bridge. It aims to achieve cross-chain interoperability, and it’s been particularly successful in offering a way to use Bitcoin in DeFi on Ethereum. It also integrated Polygon last month and partnered with Alameda Research to bring Solana-based assets to Ethereum’s DeFi network in February.  The Solana x RenVM bridge will initially support four assets: BTC, BCH, ZEC, and DOGE. It will later add DGB, LUNA, and FIL. The Ren-based versions of each asset will then be available to use on Solana.  In the blog post announcing the integration, Ren added that it would work “to ensure Ren-based assets are adopted throughout the Solana ecosystem,” making specific reference to projects like Serum, Mango, Oxygen, and Step Finance.  Perhaps the most notable development is Ren’s support for Bitcoin on the Layer 1 network. Tokenized versions of the original crypto asset are most frequently put to work in Ethereum’s DeFi ecosystem today, but that could soon change if Solana sees wider adoption.  Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, MATIC, and several other cryptocurrencies.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Ren Launches Polygon Bridge with Support for Bitcoin Ren has integrated Polygon.  Ren Unveils Polygon Bridge Ren has launched a bridge to Polygon.  The project announced the expansion Thursday, noting that Polygon is home to “a burgeoning DeFi… Ren Protocol Partners With Alameda to Bridge Solana Assets to DeFi Ren Protocol and Alameda Research have teamed up to bring more assets and liquidity to RenVM and integrate the widely-used Solana blockchain, bringing SOL assets to the DeFi space. Ren… What is Polygon (MATIC): Ethereum’s Internet of Blockchains In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several… Solana Closes $314 Million Funding Round Solana Labs has raised over $314 million in a funding round led by Andreessen Horowitz and Polychain Capital. Solana Announces Fundraiser Solana Labs has raised a nine-figure sum in a…

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Original Doge Meme NFT Sells for Over $4 Million

Share this article The original Doge moves onto Ethereum, selling for a seven-figure sum.  Bidding War for Doge NFT A Doge NFT just sold for $4,074,765.97.  The token featured the original viral image of Kabosu, a Shiba Inu dog that rose to Internet stardom back in 2010. A photo of the dog famously became a viral meme known as “Doge,” eventually inspiring the Dogecoin cryptocurrency that’s dominated news headlines and Elon Musk’s Twitter feed this year.  Kabosu’s owner, who uploaded the popular photo to her blog more than a decade ago, was responsible for tokenizing the image. Many other meme creators have had similar success stories with turning their Internet-famous images into NFTs in recent months.  That’s because NFTs, otherwise known as non-fungible tokens, offer a way for creators to assign ownership of an asset, whether that’s memes, digital art, music, or just about anything else. They allow creators to sell their work directly to fans in exchange for cryptocurrencies (as most NFTs live on Ethereum, they’re generally paid for with ETH).  The Doge NFT went on sale on Zora with the tagline “the original image that started it all.” Bidding heated up in the closing minutes of the auction, with PleasrDAO, a group formed to acquire pplpleasr’s Uniswap V3 NFT, placing a bid of 690.42042042042042042 ETH. Another user called twodollahotdoge followed up with a higher bid, before PleasrDAO reciprocated, leading a bidding war to ensue.  The auction was extended several times until PleasrDAO won with a final bid of 1,696.9 ETH. At today’s prices, that comes to $4,074,765.97. The hype for NFTs has somewhat slumped along with the rest of the market in recent weeks, with weekly sales way down on this time last month. Nonetheless, the most sought-after pieces are clearly still commanding eye-watering price tags; only yesterday, an Alien Punk from the iconic CryptoPunks series sold for a record-breaking $11.75 million at Sotheby’s.  Following the Doge sale, PleasrDAO took to Twitter to post a video celebrating the auction win. “Stay tuned,” a message on the clip read.  Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, and several other cryptocurrencies. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Rare CryptoPunks NFT Fetches $11.75M at Sotheby’s The NFT hype isn’t dead (at least not for CryptoPunks).  Sotheby’s Backs CryptoPunks Sotheby’s has sold a CryptoPunks NFT for $11,754,000.  Moments ago in our #London saleroom, an extremely rare… Dogecoin Soars 31.7% as Elon Musk Hints at “Efficiency” Improvemen… Dogecoin takes an upward jolt as Elon Musk draws attention to the currency yet again.  Dogecoin Jumps on Musk Tweet  Dogecoin jumped last night after Elon Musk posted a tweet… Uniswap V3 Video NFT Sells for $525,000 Following Uniswap’s V3 announcement, an NFT of the video teaser has sold for $525,000.  Uniswap V3 Video Gets Tokenized An NFT of Uniswap’s V3 video has fetched 310 ETH, around… What is Kusama? How Polkadot’s playground accommodates blockchain de… Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same…

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Rare CryptoPunks NFT Fetches $11.75M at Sotheby’s

Key Takeaways An Alien from the iconic CryptoPunks NFT series has sold for $11.75 million at Sotheby’s. The NFT was part of the auction house’s Natively Digital collection alongside pieces by Pak, XCOPY, and FVCKRENDER. Sotheby’s will sell five CryptoPunks in physical form later this month. Share this article The NFT hype isn’t dead (at least not for CryptoPunks).  Sotheby’s Backs CryptoPunks Sotheby’s has sold a CryptoPunk NFT for $11,754,000.  Moments ago in our #London saleroom, an extremely rare “Alien” CryptoPunk #7523 from the collection of @sillytuna sold for $11.8M as part of our #NativelyDigital NFT auction – setting a new world auction record for a single CryptoPunk. pic.twitter.com/PDVUSttI3o — Sotheby’s (@Sothebys) June 10, 2021 The piece was Punk 7523, one of nine Aliens in the canonical Larva Labs series. The eight-figure price tag makes it the most valuable Punk, far surpassing a $7.57 million record set by another Alien earlier this year.  The NFT was sold as part of Sotheby’s Natively Digital collection, which also featured works by cult crypto artists Pak, XCOPY, and FVCKRENDER (the collection also featured an Autoglyph, another sought-after LarvaLabs creation). Shalom Meckenzie, a shareholder at DraftKings, bought the piece. The previous owner was Sillytuna, an NFT enthusiast.  NFTs are non-fungible tokens, a type of asset that allows creators to tokenize digital art, music, or any other type of asset on the Internet. They offer a way to prove the ownership and scarcity of an asset, something that’s particularly powerful for digital artists who have previously struggled to sell their work. The NFT ecosystem of today largely exists on top of Ethereum.  The collection dropped amid a market-wide slump that also affected the NFT space. Bitcoin and Ethereum are both trading over 40% off record highs, while NFT tokens like NFTX and B20 have plummeted. The same goes for many NFT projects; NonFungible.com data shows that weekly sales across some of Ethereum’s favorite NFT projects peaked at about $176 million in early May, but the rapidly declined through the rest of the month. This week, sales are barely scraping $10 million (notably, that figure doesn’t include the Sotheby’s collection).  Still, CryptoPunks NFTs like the one sold at Sotheby’s are regarded as coveted pieces in Ethereum’s early history. Christie’s sold nine Punks last month. The current floor price for a Punk on the Larva Labs marketplace is 14 ETH, about $34,868. That’s a decline from the peak, but still well up from this time last year.  Following the sale, Sotheby’s announced that five additional CryptoPunks would go on sale later this month. Part of a collection of only 24 Punks issued in physical form, each NFT will come with a certified print signed by co-creator John Watkinson. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Christie’s $17 Million CryptoPunks Sale Sparks Criticism Nine rare CryptoPunks sold for $16.9 million at Christie’s last night as part of the art broker’s latest auction event. Rare CryptoPunks Fetch Eight Figures  The series of nine CryptoPunks… What is Kusama? How Polkadot’s playground accommodates blockchain de… Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same… Mystery Buyer Drops $900,000 on CryptoPunks Splurge An unknown buyer on Larva Labs sprung into action yesterday evening to purchase 19 CryptoPunks NFTs. They spent $897,000 in less than two hours. CryptoPunks Market Booming A mystery buyer… Beeple NFT Now World’s 3rd Most Expensive Auctioned Piece by Living … Digital art superstar: Beeple’s “Everydays: The First 5,000 Days” has sold for $69.34 million in a landmark moment for the NFT space.  Christie’s Hosts Landmark NFT Auction Beeple’s “Everydays: The…

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Polkadot Ready for Kusama Parachain Auctions

Key Takeaways Polkadot founder Gavin Wood wrote in a blog post that Kusama is ready to host parachain slot auctions. Kusama will host parachains before auctions go live on Polkadot. The auctions will last for five weeks and determine which project gets to operate a parachain on the canary network. Share this article Polkadot’s founder Gavin Wood has announced that parachain auctions on Kusama should take place from next week. First Parachain Auctions to Launch Parachain auctions on Polkadot’s canary network Kusama will begin from Jun. 15, the project founder Gavin Wood wrote in a Tuesday blog post. Both Polkadot and Kusama are trying to create an interoperable network of 100 parachains plugged into a central Relay Chain. Kusama is an identical network to Polkadot except its role is to function as a test network and experiment with various technology features before they can be rolled out on Polkadot. Parachains will host different decentralized applications that can simultaneously interact with one another through the relay chain. Given each network can only have a maximum of 100 parachains, auctions will be used to determine which crypto projects get to run their parachains. Polkadot launched on mainnet over a year ago and is yet to launch a parachain. While the team has sent mixed signals about the auction schedule, the Polkadot community has been pushing for the auctions to begin as soon as possible. Now, Wood has confirmed, the team has finally reached the auction stage. Beginning Jun. 15, there will be auctions running weekly on Kusama for five consecutive weeks. While there will likely be hundreds of crypto projects that participate in Kusama parachain auctions, some of the notable teams include Acala, Darwinia, Equilibrium, HydraDX, Karura Network, Robonomics, and Moonbeam. As parachain auctions have never taken place before, they will first be organized on Kusama. For its role as the canary network, Kusama has already launched a parachain known as Statemine, whose logic is under audit. This is Kusama’s equivalent of the Polkadot’s Statemint, a common-good parachain that is scheduled to go live in the neat future. Wood said in the blog post: “As the technical team behind the initial runtime design and implementation, it is our belief that there are no longer any known technical blocking points stopping the auctions or parachain functionality.” Each auction will be organized for a week-long period, and bids will be placed in the network’s native currency, either KSM or DOT. The winner of a parachain slot auction will be decided based on a snapshot that is taken at a random time. Furthermore, to give themselves a fair chance of winning the auctions, teams building in the Polkadot ecosystem have planned on taking loans from their supporters in exchange for native parachain tokens, a process known as parachain loan offering. For the upcoming auctions, contributors will have to bond their KSM tokens in a smart contract for a minimum of six weeks. Contributors will only be rewarded if the crowd loan helps win the parachain slot auction. Before the auctions begin, projects striving to win slot auctions on Kusama, will ask contributors to lock KSM tokens within crowdloan contracts. Likewise, users can also participate in parachain auctions through centralized exchanges such as Kraken. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Polkadot Reworks Network to Solve “Free-Rider Problem” Polkadot is introducing governance-allocated parachain slots.  Polkadot’s “Free-Rider Problem” Polkadot has announced details of a governance process for allocating parachain slots.  In a blog post, the team outlined plans for… What is Polygon (MATIC): Ethereum’s Internet of Blockchains In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several… Voting For All: How Polkadot Can Improve On-Chain Governance The Polkadot Network is an ambitious blockchain project that is working to deliver blockchain interoperability. Broadly speaking, Polkadot will allow different blockchains to connect and communicate, which could resolve difficulties… What Is Polkadot? Introduction to DOT Polkadot is a blockchain protocol designed to support multiple chains within a single network. It aims to overcome a problem in the current blockchain landscape: hundreds of blockchains exist in…

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Over 1% of Bitcoin Now Lives as WBTC on Ethereum

Key Takeaways WBTC has reached a supply of 187,610 which is equivalent to roughly 1% of Bitcoin’s circulating supply. Of all the tokenized variants of BTC, WBTC has found the most traction among Bitcoin holders. Despite the advantages, WBTC carries some risk as tokenization exposes users to counterparty risk. Share this article The total number of wrapped Bitcoin on Ethereum has exceeded 1% of the total circulating Bitcoin supply, the team announced. This is being considered a major milestone for the tokenized Bitcoin project. Ethereum Becoming a Home For BTC Over 1% of the BTC supply has been wrapped into WBTC. WBTC was launched in Jan. 2019 as a collaboration between BitGo, Ren, and Kyber. It was one of the first projects to issue ERC-20 tokens that are 1:1 pegged to Bitcoin. There are currently more than 187,610 WBTC on Ethereum worth more than $6 billion, according to Etherscan. That’s about 1% of Bitcoin’s circulating supply of 18,729,837 tokens, the WBTC team announced. 1% of all BTC has been wrapped into $WBTC! https://t.co/jOi0LZZUyi — WBTC (@WrappedBTC) June 7, 2021 The statistics indicate that the asset has found the most traction of all tokenized versions of BTC. Since tokenizing Bitcoin enables the asset to function as an ERC-20 token, it can be used across various Ethereum-based DeFi protocols. Despite the advantages this brings to holders, WBTC does not come without perils. WBTC is not fully non-custodial. For every WBTC that exists on Ethereum, there is a Bitcoin that is held by a custodian, which is Bitgo. It is to be noted that WBTC can only be minted when holders have completed a KYC procedure. Tokenizing bitcoin through custodial methods exposes users to counterparty risk and trust issues. I continue to be worried about the fact that these wrapped BTC bridges are trusted….. I hope that they can all *at least* move to a decently sized multisig — vitalik.eth (@VitalikButerin) August 17, 2020 Furthermore, smart contracts that are used to mint new WBTC are secured by multisig wallets that fully depend on the good faith of the signatories. Even though it is a very small possibility, in theory, those who can sign the wallets could collude and confiscate the assets held in the contract. Despite the risks, WBTC continues to gain momentum. WBTC is a popular way to deploy Bitcoin as collateral for taking loans on Aave and can be allocated to a liquidity pool on automated market makers like Uniswap. Source: The BlockBesides WBTC, two others projects have found significant adoption by tokenizing Bitcoin. One of them is Huobi BTC, which has 37,906 tokens worth $1.2 billion. The other is RenBTC, with 10,247 tokens valued worth $337 million. Oher tokenized Bitcoin projects that have a smaller circulation on Ethereum include sBTC, imBTC, tBTC, oBTC, pBTC, and vBTC. This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Bitcoin Set to Join in on DeFi Hype with tBTC Launch tBTC, developed by Summa One and Keep Project, is live on Ethereum’s Ropsten testnet. The protocol aims to bring a price- and network-pegged version of BTC onto Ethereum and could… What is Kusama? How Polkadot’s playground accommodates blockchain de… Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same… WBTC: Wrapped Bitcoin Project Aims To Bridge BTC And Ethereum A gulf separates the Bitcoin (BTC) and Ethereum (ETH) networks. Although many investors hold both assets, they have so far been unable to use them together in any meaningful way…. Ren Launches Polygon Bridge with Support for Bitcoin Ren has integrated Polygon.  Ren Unveils Polygon Bridge Ren has launched a bridge to Polygon.  The project announced the expansion Thursday, noting that Polygon is home to “a burgeoning DeFi…

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Unslashed Launches with $1.23 Billion Covered

Key Takeaways Unslashed has now launched after closing its private beta. Unslashed is now protecting over $1 billion worth of capital across DeFi and CeFi. The project provides cover against a variety of risks including exchange hacks, smart contract failure, and stablecoins losing their pegs. Share this article Unslashed has launched. The decentralized insurance protocol is currently covering over $1.23 billion worth of value locked across DeFi and crypto exchanges. Protecting Investments with Unslashed  Unslashed, a popular decentralized insurance protocol on Ethereum, has launched. The project had been running a private beta, during which it provided cover for over $1.23 billion worth of digital assets. The protection was provided to assets locked in DeFi protocols and on centralized cryptocurrency exchanges; it offers protection for funds on Coinbase, Binance, Bitmex but also on Synthetix, Bancor, and Balancer pools. Unslashed is aiming to provide decentralized insurance cover both to individual and institutional funds. A recent report from Ciphertrace showed that more than $400 million were stolen, hacked, or otherwise lost both from DeFi protocols and hacked exchanges. These statistics are expected to continue rising as cryptocurrencies gain value and new investors, unaware of the risks, lose their funds. Risks like smart contract hacks, stablecoins losing their $1 value, exchange hacks, and oracle failures can be covered by Unslashed’s flexible coverage. Users can also stake their crypto assets on Unslashed in exchange for the insurance premiums, effectively creating a decentralized marketplace for risk. In a press release, Unslashed founder Marouane Hajji said: “Many cryptocurrency users are not aware of how different this space is compared to traditional finance. Though many centralized exchanges have insurance against hacks or theft, the funds kept in reserve are often only sufficient to cover a fraction of users who could be impacted, and so it is incumbent upon users to protect their assets. At Unslashed, we are pleased to launch our diverse offerings of insurance products covering centralized exchanges, DeFi protocols, stablecoin pegs, and more.” In Unslashed, capital providers and policy holders (those who request coverage) naturally create an insurance price based on their assessments of the risk of the protocol or exchange the funds are locked on. Capital providers will be able to invest in a diversified bucket to reduce their overall risks if a particular protocol is hacked. The decentralized insurance market has at least one other big player today. Unslashed’s main competitor is Nexus Mutual, which works like a mutual fund that provides cover to its members. The DeFi insurance field is likely to grow in the future as more sophisticated actors enter the space. There are plenty of signs to suggest institutions are dipping their toes into the technology. If they jump in en masse, that could be promising for projects like Unslashed. Disclaimer: The author held USF and several other cryptocurrencies at the time of writing. This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Nexus Mutual Unveils Insurance for Binance Smart Chain, Polkadot, Cosm… The Ethereum-native people-powered alternative to insurance, Nexus Mutual, is expanding its services to other chains. Nexus Mutual Follows the Money Using Nexus Mutual, users can share risk through a decentralized… What is Kusama? How Polkadot’s playground accommodates blockchain de… Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same… Cover Protocol Hacker Makes Off With Millions, Binance Halts Token Tra… A hacker has exploited a bug in the incentives smart contract of Cover Protocol. This has allowed the hacker to get away with 11,761 COVER tokens, worth $3.62 million at… Sam Bankman-Fried, Andre Cronje Rescue DeFi Insurance Protocol Like Sushiswap, leading players in the DeFi sector have taken over insurance protocol SAFE, which suffered a setback due to early dumping and the inexperience of developers. Making Peace to…

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Panther Protocol Raises $8M for DeFi Privacy Solution

Key Takeaways Panther Protocol has raised over $8 million from over 140 investors for its privacy-focused DeFi solution. The protocol will allow users to mint 1:1 collateralized privacy-preserving synthetic assets. Leveraging zk-SNARKs, such assets obfuscate all the information involved in an on-chain trade. Share this article Panther Protocol, an end-to-end privacy protocol that can be used across DeFi, has raised $8 million from over 140 investors in a private token sale. Panther Offers DeFi Privacy Panther Protocol, one of DeFi’s latest privacy-preserving solutions, has raised $8 million in a funding round. The raise came from over 140 participants, including Alphabit Fund, Arcanum Capital, Black Dragon, DeepVentures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital, and Titans Ventures.  The funds will be used for the development of the protocol, which is interoperable with a range of DeFi applications.  Privacy is considered one of DeFi’s missing jigsaw pieces today. While DeFi brings the world a permissionless and non-custodial financial system, many of those looking to preserve their identity find it cumbersome to use. When a person’s real identity is linked to a blockchain address, all of the transactions they make through that address are easily traceable. For example, many high-net-worth Uniswap traders find it difficult to execute their trades efficiently due to the visibility of Ethereum. Such large traders face the risk of being front-run by other traders or bots. Panther is hoping to solve those problems. As planned in its roadmap, the protocol will allow users to deposit cryptocurrencies from a variety of chains and mint collateralized synthetic assets called zAssets. Each zAsset will be private.  According to the team, anyone can issue private synthetics of various digital tokens, including zBTC, zETH, and zUSDT. These tokens can then be used across various DeFi applications. Oliver Gale, Panther Protocol CEO and co-founder, said in a press release:  “We believe zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private. Stablecoins, utility tokens and NFTs will all become infused with privacy.” The Power of zk-SNARKs  zAssets will use zk-SNARKs, a type of cryptographic proof that shows someone possesses a piece of information without revealing it. The same technology is used in one of the leading privacy coins, Zcash. Such assets obfuscate the information involved in an on-chain trade, including wallet addresses and the assets exchanged. That way, all of the metadata linked to blockchain transactions remains private.  The project will support zAssets across several blockchains, known as “peerchains.” Panther’s peerchains will initially include Ethereum, Polkadot, Solana, Cosmos, Flare, Binance Smart Chain, and Avalanche. Besides zAssets, the project also plans to implement several dark pools called “Panther Pools.” These will be used to gather liquidity and execute trades. Those who contribute liquidity to the pools, known as “privacy miners,” will be rewarded with the Panther network’s native token, ZKP.  As per the project’s litepaper, Panther Pools will enable institutional and retail users to obfuscate and transact compliantly on peerchains using the help of zAssets. If successful, the project will be competition for several existing solutions that achieve privacy with Ethereum’s smart contracts. These include Ethereum bridge networks such as Secret Network and Incognito, as well as transaction mixers like Tornado.Cash.  Panther can also be deployed in a compliant way on any public blockchain through “selective private disclosures” so that financial privacy can be balanced with regulations.  Following the fundraiser, the team will offer its ZKP tokens in a public sale.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Privacy Coins Are Unstoppable, Says Copenhagen Business School According to a study published in the Journal of Information Technology, attempting to ban private cryptocurrencies would be nearly impossible for regulators due to the tokens’ privacy-preserving, decentralized nature. Privacy… Incognito Enables Anonymous Uniswap Trading Uniswap, the most used decentralized exchange (DEX) on Ethereum, has a newly updated private mode. Traders can benefit from anonymity by using the protocol with Incognito, a platform designed to… How to Use Tornado.cash, Ethereum’s Privacy Solution Ethereum currently processes around 1 million transactions daily. Due to the blockchain’s open nature, however, every address associated with a transaction on the network gets recorded on a public ledger…. What is Polygon (MATIC): Ethereum’s Internet of Blockchains In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several…

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Ethereum DEX Aggregator 0x Launches on Polygon

Key Takeaways 0x will let developers source liquidity from a variety of Polygon-based DEXs in one single interface. The major liquidity sources leveraged by the API include QuickSwap, SushiSwap, ComethSwap, Curve, Dodo, mStable, and Dfyn. 0x joins a growing list of leading DeFi projects that have expanded to Polygon. Share this article 0x has expanded to the Polygon network. 0x Adds Support for Polygon 0x, one of Ethereum’s top decentralized exchange aggregators, has launched on Polygon. 0x first launched its Application Programming Interface in 2020 with the aim of helping developers aggregate liquidity from Ethereum’s top DEXs. Since then, it’s powered over 1 million trades from 250,000 unique traders, representing more than $26 billion in volume. The 0x API integrated Binance Smart Chain earlier this year and has now expanded to Polygon. The move to the network will allow developers to build solutions that can access on-chain liquidity from various sources through one interface. In a press release, 0x confirmed that it would incorporate liquidity from various DeFi platforms, including QuickSwap, SushiSwap, ComethSwap, Curve, Dodo, mStable, and Dfyn.  Polygon is an Ethereum “commit chain” built to help the network scale. It runs its own Proof-of-Stake algorithm that can settle transactions at a much higher speed and lower cost than Ethereum mainnet. In recent months, Aave, Augur, Sushi, Curve, Paraswap, and 1inch have all expanded to Polygon. Another “blue chip” DeFi project expanding to Polygon highlights the network’s growing significance in the ecosystem; the network is now trailing only Aave, Maker, and Compound in total value locked. 0x says the move will help Polygon onboard the next 100,000 crypto users. The API will also support 0x’s Request for Quote (RFQ) system and open order books in the future. At that point, 0x will enable professional-grade trading features for any Polygon DEXs that integrate the API.  0x’s API support comes a few days after Polygon launched a software development kit (SDK) that allows developers to launch their own chains on the network. Meanwhile, yield farming on the network has exploded in recent weeks, and several major projects have announced expansions. Ren launched a Polygon Bridge last week, allowing DeFi users to put an EVM-compatible version of Bitcoin to work on the chain.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. 0x Aggregates DEX Liquidity and Pricing with New API Ethereum ERC-20 exchange protocol 0x is aggregating liquidity from Kyber, Uniswap, Oasis, and other decentralized exchanges to improve asset pricing and reduce slippage. 0x introduced a new set of open-source… What is Kusama? How Polkadot’s playground accommodates blockchain de… Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same… Ren Launches Polygon Bridge with Support for Bitcoin Ren has integrated Polygon.  Ren Unveils Polygon Bridge Ren has launched a bridge to Polygon.  The project announced the expansion Thursday, noting that Polygon is home to “a burgeoning DeFi… Yield Farmers Are Migrating to Polygon Polygon offers a similar yield farming experience to Ethereum mainnet at a fraction of the cost. Key metrics show that DeFi power users are starting to migrate to the network….

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Bitcoin Will Survive Energy Debates, Green Miner Says

Key Takeaways Bitcoin will survive despite the recent criticisms surrounding the network’s environmental impact, Iris Energy Pty says. The cryptocurrency space has been the subject of debate in recent weeks after Tesla halted Bitcoin payments, citing environmental concerns. Bitcoin’s price has plummeted this month, which could be an indicator that institutional investors are losing interest in the asset. Share this article Despite the increasing number of criticisms regarding Bitcoin’s environmental impact, Iris Energy Pty thinks the asset is here to stay.  The Bitcoin Energy Debate Environmental debates will not kill Bitcoin, Iris Energy Pty has said.  The Australian mining company, which uses renewable energy for its operations, spoke to Bloomberg amid ongoing discussions over Bitcoin’s environmental impact. Daniel Roberts, the company’s co-founder, remarked that Bitcoin requires a high level of energy for security because the market has determined that it is valuable. He said:  “I don’t think it’s up to any individual to decide where energy should be used. It’s a market-based decision where Bitcoin, by virtue of the attraction and adoption it’s gained, is commanding that level of energy to secure it, to secure people’s savings.”  Bitcoin has faced increased scrutiny in recent weeks after Tesla announced that it would stop accepting payments in the asset owing to environmental concerns. The electric car company’s shock U-turn contributed to a major sell-off that’s seen Bitcoin tumble 43% off record highs recorded in April. An ongoing regulatory crackdown in China has also contributed to the market-wide negative sentiment in recent weeks.  Bitcoin critics often point out that the network uses roughly 115 terawatt-hours of energy annually, which is more than most of the world’s countries. Many analysts have suggested that growing ESG (Environmental, Social & Governance) concerns could be a major factor preventing big companies from adopting Bitcoin. Prior to Tesla’s comments on the network’s environmental impact, the company had added $1.5 billion worth of the asset to its balance sheet, following the likes of MicroStrategy and MassMutual.  The long-awaited arrival of institutional investors fueled Bitcoin’s biggest price rally in history, peaking at almost $65,000 in April. In recent weeks, though, momentum has stalled. Bitcoin has failed to break above its 200-day moving average this week, which could be a sign that the market is due to decline further.  With growing attention on the impact of Proof-of-Work, green mining solutions are in a good position to win from the asset’s success. “The recent news in the space and the focus on ESG continues to highlight that the business model we embarked on many years ago is likely the right one,” Roberts said.  Roberts told Bloomberg that the firm had been approached by multiple special purpose acquisition companies (SPACs) with a potential listing in mind. The valuation would reportedly be worth around $300 million to $500 million.  Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Crypto Market Continues to Slide After Week of Chaos The cryptocurrency bloodbath continues.  Market Faces Heavy Correction  Bitcoin and other crypto assets plunged Sunday, days after one of the market’s biggest crashes in over a year.  The leading crypto… Crypto Market Tumbles After Tesla Halts Bitcoin Payments Tesla’s Bitcoin U-turn sends crypto assets tumbling.  Tesla Halts Bitcoin Payments  Tesla will no longer accept payments in Bitcoin, Elon Musk has announced.  The self-described “Technoking of Tesla” took to… Bitcoin Tumbles as China Issues Yet Another Threat Bitcoin investors have panicked for a third consecutive day, sending the asset 12% into the red. Today, it’s because China has sent out another warning to the crypto industry, specifically… What is Polygon (MATIC): Ethereum’s Internet of Blockchains In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several…

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Polygon Datasets Now Available on Google Cloud

Key Takeaways Polygon’s blockchain datasets can now be viewed through Google Cloud’s BigQuery tool. The integration will provide useful metrics for analysis like the most active and popular tokens, contracts, and apps on the network. The team said that the update will be critical for the network’s growth. Share this article Ethereum’s popular scaling network Polygon has announced that its blockchain datasets are now integrated with Google Cloud’s BigQuery tool. Polygon Data Available on Google Cloud Polygon’s datasets are now available in Google Cloud. According to Polygon, the integration with Google Cloud’s BigQuery service will help analysts, data scientists, and developers derive useful insights from the Polygon blockchain. Polygon runs a scalable bridge network running parallel to Ethereum and functions like a “commit chain” that is both faster and much cheaper than Ethereum mainnet. The data insights platform will help the network’s growth with decentralized applications, as well as its usage in the enterprise setting. Google’s Cloud division has collaborated with key cryptocurrency projects like Chainlink and Theta Network in the past. Both projects leveraged Google Cloud for their computing needs. BigQuery is one of the most popular data analytics platforms worldwide. It leverages the capabilities of the Google Cloud Platform (GCP), the same infrastructure that powers products like Google Search, Gmail, and YouTube. It is a simple yet powerful tool to query all kinds of datasets, including those pulled from public blockchains. After datasets are processed, the insights are organized using standard SQL syntax. According to Polygon, the tool functions as an “indexer” for both simple and complex queries used in on-chain analysis. For example, it can be used to run queries of several blockchains and track the activity associated with interoperable tokens. Polygon Making Progress  For Polygon, the integration will be useful for analyzing metrics like the most active and popular tokens, contracts, or apps on the network. At the same time, the analytics tool may make it easier for anyone to monitor transactions, and help regulators to more effectively analyze the Polygon chain for illegal activities such as money laundering and tax evasion. However, that’s a common occurrence with all public blockchains. The availability of Polygon’s blockchain data in BigQuery’s analytics platform is being provided under Google Cloud’s Public Datasets Program, under which the tech giant has made available more than 100 publicly available datasets from various industries. Polygon has seen explosive growth in the last six months in terms of daily active users, transactions, and total value locked (TVL). The growth accelerated after major DeFi projects like Aave, SushiSwap, Curve, 1inch Network, and others decided to expand to Polygon, attracting plenty of Ethereum users and billions of dollars worth of liquidity. The latest technical update follows the launch of the much anticipated Polygon SDK, a set of software modules that allow developers to deploy their own Polygon-based chains. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Google Cloud Gets Involved With Theta Network as Its 2.0 Mainnet Launc… Theta Network, a blockchain-based media platform, has announced that Google Cloud will serve as a node operator and cloud provider. The news coincides with Theta’s 2.0 mainnet launch. Google Cloud’s… Behind Polygon’s Mission to Become the “AWS of Ethereum… Ethereum’s exorbitant gas fees have made headlines all year long. But for every bottleneck lies a business. And one fast-rising star in the scalability race is Polygon (previously Matic), a… What is Kusama? How Polkadot’s playground accommodates blockchain de… Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same… Polygon Releases SDK Eyeing “Multi-Chain Future” Polygon, a scaling and infrastructure development on Ethereum, has launched the first version of its highly-anticipated Polygon software development kit (SDK). Polygon SDK Goes Live Polygon has released its software…

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Ren Launches Polygon Bridge with Support for Bitcoin

Share this article Ren has integrated Polygon.  Ren unveils Polygon Bridge Ren has launched a bridge to Polygon.  The project announced the expansion Thursday, noting that Polygon is home to “a burgeoning DeFi ecosystem with obvious benefits for users.” Polygon, which acts as an Ethereum commit-chain, offers a similar experience to DeFi on Ethereum at a fraction of the cost. It’s integrated several Ethereum staples including Aave, Curve, and SushiSwap, and in recent weeks has become a hit with yield farmers looking to deploy their capital.  Ren, also known as RenVM, is a network that allows for cross-chain interoperability. So far it’s been popular for bringing Bitcoin onto DeFi on Ethereum, but it offers compatibility with many other chains.  The Polygon x RenVM Bridge will initially allow DeFi users to move four assets directly onto Polygon without interacting with Ethereum. Those assets are Ren-based versions of Bitcoin, Bitcoin Cash, Dogecoin, and Zcash. After they’ve been added, DigitByte, Filecoin, and Terra will follow.  Once added to Polygon via the bridge, the assets will be available through apps like QuickSwap, Curve, and BadgerDAO. That means DeFi users will be able to earn yield with their assets on the Proof-of-Stake network.  In the blog post announcing the update, Ren COO Michael Burgess said:  “The addition of Polygon support to RenVM will greatly benefit all stakeholders, providing more utility to Polygon and even more velocity through RenVM.”  Polygon has been a busy few months, most recently announcing its long-awaited SDK update. The network will now allow developers to launch their own EMV-compatible chains. Polygon’s co-founder Sandeep Nailwal said that the upgrade marked a step towards a “multi-chain future.”  Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, AAVE, CRV, and several other cryptocurrencies. They also had exposure to SUSHI in a cryptocurrency index.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Polygon Releases SDK Eyeing “Multi-Chain Future” Polygon, a scaling and infrastructure development on Ethereum, has launched the first version of its highly-anticipated Polygon software development kit (SDK). Polygon SDK Goes Live Polygon has released its software… Yield Farmers are Migrating to Polygon Polygon offers a similar yield farming experience to Ethereum mainnet at a fraction of the cost. Key metrics show that DeFi power users are starting to migrate to the network…. Polygon Launches $40M Liquidity Mining Program with Aave Polygon is launching a liquidity mining program with hopes of attracting liquidity to its network.  Polygon Rewards Liquidity Miners  Polygon, one of Ethereum’s most vital scaling solutions, is launching a… What Are Non-Fungible Tokens (NFTs)? Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Fungible goods are…

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Uniswap to Launch on Layer 2 Solution Arbitrum

Key Takeaways Uniswap V3 is preparing to launch on the Layer 2 solution Arbitrum. More than than 40 million UNI tokens voted in favor of a governance proposal for the update. Uniswap V3 will also go live on Optimism when it launches. Share this article A proposal for Uniswap to deploy on Arbitrum has received immense support on the protocol’s governance forums this week. Following the vote, Uniswap will deploy its V3 contracts on the Layer 2 solution. Uniswap V3 Heads to Arbitrum  Uniswap is planning to launch on Arbitrum. The popular Ethereum DEX, which recently unveiled its V3 update, will launch on Arbitrum following a governance vote. A Uniswap Governance Forum user called andy8052 put forward a proposal titled suggesting that Uniswap V3 should launch on Arbitrum yesterday. The community has shown strong support for the proposal, with more than 40 million UNI tokens used to vote in favor of the proposal and none against it. Arbitrum is an Optimistic Rollup solution designed to scale Ethereum. It will offer improvements to the network’s transaction speed and throughput by using a sidechain and sending transactions to Ethereum mainnet as calldata. It’s expected to be one of the leading Layer 2 projects. Apart from Arbitrum, the other dominant Optimistic Rollup solution is Optimism, which is due to go live sometime this year. When Uniswap announced its V3 update, it announced that it would launch on Optimism soon after launching. However, delays in the launch of Optimism have convinced the community to look for other options. Arbitrum launches tomorrow, May 28. “The best ability is availability,” the author of the proposal wrote. The overwhelming support in favor has been noticed, and Uniswap founder Hayden Adams has already confirmed that if the snapshot passes, Uniswap will deploy the v3 contracts to Arbitrum. As the threshold for a successful snapshot has been reached, the proposal will go forward. Adams confirmed that the team had “begun work on interface support and planning the deployment.” 2/ Assuming the snapshot passes we intend to support the community by deploying the v3 smart contracts to Arbitrum! We have already begun work on interface support and planning the deployment. — Hayden Adams 🦄 (@haydenzadams) May 26, 2021 He added that the launch would not replace the Optimism deployment and that work would continue to ensure Uniswap can be deployed on Optimism as soon as the Layer 2 solution goes live. With Arbitrum launching imminently, the project has garnered a significant amount of community support in recent weeks. The team’s other flagship offering, MCDEX, is also backed by several industry leaders, including Delphi Digital, Alameda Research, and DeFiance Capital. Disclaimer: The author held BTC, ETH, and several other cryptocurrencies at the time of writing. This news was brought to you by ANKR, our preferred DeFi Partner. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Ethereum Scaling Solution Optimism Delays Launch to July Optimism has delayed its launch date until July. Optimism had originally planned to go live this month. Optimism “Adversaries” Delay Launch In a blog post titled “Optimistically Cautious,” the team… Uniswap v3 Is the Perfect Market Maker for Venture Capitalists Uniswap’s key feature increases the gamification of the most popular DEX. But this is a game retail doesn’t have the tools to win. Everyone’s a Market Maker on Uniswap After… What Are Non-Fungible Tokens (NFTs)? Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Fungible goods are… Uniswap Hits $20 Billion in Monthly Volume, Eyes New Record Uniswap, the leading decentralized exchange, is on track to set an all-time high for monthly volume at $25 billion. Uniswap Shows No Sign of Slowing Down Uniswap is now the…

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