maker

VortexDeFi: One-stop DeFi asset management solution

Source Node: https://ambcrypto.com/vortexdefi-one-stop-defi-asset-management-solution/
Time Stamp: August 30, 2021 5:15 AM - Modified On: August 30, 2021 - Published By:
Source Cluster:
Republished By Plato

The DeFi market is booming and while the space has seen an increase in the number of users, they can feel overwhelmed with the number of options available. While choosing a DeFi platform a user needs to consider factors such as the safety of their funds, APY yields combined with the ease of using the platform. Vortex DeFi offers its users a one-stop solution as an aggregator that provides seamless consolidated access to protocols such as Aave, Compound Finance, and YFI. What is Vortex DeFi? Vortex DeFi is a web-based

Axie Infinity Maker Reminds Players to Pay Taxes

Source Node: https://thedefiant.io/axie-taxes/?utm_source=rss&utm_medium=rss&utm_campaign=axie-taxes
Time Stamp: August 27, 2021 3:35 PM - Modified On: August 27, 2021 - Published By:
Source Cluster:
Republished By Plato

Axie Infinity, the gigantically popular play-to-earn game in the style of Pokemon, is helping gamers supplement their incomes and even make a living. Now the maker of the game and regulators are reminding users internet money will not free them from the tax man.  That seems to be the message behind a tweet from Sky Mavis, the company that makes the Axie universe, in which it wrote, “Sky Mavis encourages Axie community members to abide by the laws of their home countries.”The comment was posted shortly after a report in the

This time it’s different: When DeFi meets NFTs

Source Node: https://cointelegraph.com/news/this-time-it-s-different-when-defi-meets-nfts
Time Stamp: August 23, 2021 9:17 AM - Modified On: August 23, 2021 - Published By:
Source Cluster:
Republished By Plato

With decentralized finance and nonfungible tokens seeing a meteoric, rise it’s easy to believe crypto apps are finally breaking through. But is there actually real user growth, or is it just the same influencers moving from one hyped market to the next? We sought to answer this puzzle and identify what it means for the future of innovation. So, let’s take a closer look at the growth of DeFi and NFTs.DeFi is arguably the most prevalent application of smart contracts today. Automated market makers, algorithmic stablecoins and yield farming strategies

Motorcycle Maker Soriano Motori Partners with Coinbase to Accept Crypto Payments

Source Node: https://beincrypto.com/motorcycle-maker-soriano-motori-partners-with-coinbase-to-accept-crypto-payments/
Time Stamp: December 14, 2020 12:41 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Italian motorcycle company Soriano Motori will accept crypto payments for its bikes, becoming the first motorbike firm to do so. From flight tickets to real estate deals, cryptos are becoming more readily acceptable as payment means with companies looking to expand their revenue streams. Italian Bike Maker to Accept Bitcoin and Other Crypto “Coins” Soriano announced the acceptance of cryptocurrencies as a payment means for its motorbikes in a press release issued on Dec. 14. According to the press statement, customers can utilize Bitcoin (BTC) as well as crypto coins like Ether

Cryptocurrency News Roundup for August 18, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-18-2020/
Time Stamp: August 18, 2020 4:45 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Since the start of 2020, the net worth of assets locked in DeFi smart contracts have increased nearly 10x from $680 million to more than $6 billion. BeInCrypto covered it in-depth here, in case you missed it earlier. To bank in on that phenomenal growth and encourage greater cooperation among industry stakeholders, Huobi DeFi Lab has launched a new initiative called the Global DeFi Alliance. Several major players in the DeFi space have already joined the initiative to create a united front and pave the way for mainstream adoption in

What is Bancor Protocol? A DeFi Guide to BTN

Source Node: https://www.asiacryptotoday.com/bancor-protocol-guide/
Time Stamp: August 18, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bancor Protocol takes advantage of smart contracts to build a decentralized, interoperable, and highly-liquid token exchange protocol. It became popular in the decentralized finance (DeFi) space shortly after having introduced smart tokens that facilitate instant exchange between different ERC-20 tokens in the market, regardless of their volume. Such development has opened a lot of other opportunities to users without having to involve third-party financial service providers in the scenario. Table of Contents Background The Team The team consists of five members of the Bancor Foundation, based in Zug, Switzerland. Bernard

Record Ethereum Network Use and Gas Fees Pose Risk to DeFi Expansion

Source Node: https://cointelegraph.com/news/record-ethereum-network-use-and-gas-fees-pose-risk-to-defi-expansion
Time Stamp: August 15, 2020 5:31 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high. As shown on the chart below, the number of transactions doubled in the past six months to stand at 1.23 million per day. Ethereum 7-day average daily transactions. Source: CoinMetricsThis situation might seem very bullish at first, but one must remember both EOS and Tron (TRX) started as ERC-20 tokens before launching their own mainnet and running fully independent blockchains.A similar chain migration is happening on Tether’s USDT, a stablecoin

Unraveling the Blockchain and Crypto Gaming World One Click at a Time

Source Node: https://cointelegraph.com/news/unraveling-the-blockchain-and-crypto-gaming-world-one-click-at-a-time
Time Stamp: August 15, 2020 7:30 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Regular readers will no doubt be aware of the high expectations currently being placed on the shoulders of blockchain gaming. For advocates of blockchain technology, there is the hope that tapping into the estimated 2.5 billion gamers worldwide will provide a huge leap toward mainstream adoption.Blockchain and distributed ledger technology continue to make inroads into all kinds of industries as an increasing number of people discover and gain an understanding of the benefits that it can bring. From supply chain efficiencies through certification of authenticity and provenance to the immutable