Coinbase Integrates Its Wallet With Polygon Network To Embrace Layer-2 Scaling

Coinbase recently integrated itself with Polygon’s Network in an attempt to adopt the layer-two scaling methods and technologies, which many institutions are working hard to fully embrace these days. The announcement had come yesterday on the 13th of July when the popular American cryptocurrency exchange revealed that the highly-coveted Polygon Network has now been added…

Read More

Beta Finance Is Set To Roll Out A Decentralized Finance Asset Shorting Platform

Beta Finance asserts that the excessive price volatility of cryptocurrencies raises instability and causes many harms to the institutions and individual users if they adopt ‘DeFi’ for the long term. On 8th July, the platform introduced the protocol through a blog post stating that liquidations, panic selling, and excessive leverage are damaging factors for the…

Read More

DeFi Protocol Aave Is All Set To Roll Out Permissioned Deployment For Institutions This Month

A prominent finance market of ‘DeFi’ named Aave has declared to issue an authorized version of the platform for the organizational investors. The authorized deployment of the platform will be launched within this month to fulfill the demand of several organizations. The launch is being conducted in association with Fireblocks (a crypto service provider and…

Read More

Digital Assets Named as “Emerging Vulnerability” By Canadian Central Bank

Canadian central bank i.e. The Bank of Canada (BOC), after the crypto market crash, named the digital asset industry as an “emerging vulnerability”. The Bank said further that crypto’s flagrantly evident “volatility” will serious affect the national economy and domestic financial system. Under the auspices of Tiff Maclem, BOC’s Governor, the analysts of the bank…

Read More

Experts Condemn Binance Smart Chain’s Centralized validators

Presently, Binance Coin’s (BNB) is being praised for its splendid exhibition as it best the Q1 2021 diagram. Notwithstanding, news about the centralization of the Binance biological system is giving a ton of allies concerns. BNB’s capitalization is presently more noticeable when contrasted and giant banks UBS and Banco Santander. It was accounted for to…

Read More

CKB Records Price Rally Of 341% Within One Month As Nervos Network Intends To Roll Out A DeFi Platform

Nervos Network (CKB) surged by a massive amount of 341% in a single month as its plans to introduce a Defi platform and to launch a new layer-2 offering that may prove to be beneficial. The crypto-asset market is still struggling and in the phase of finding a credible solution for the constantly increasing fees…

Read More

Nearly $19 Million Raised by Enjin for Launching NFT Blockchain

The company behind the formation of the ERC-1155 NFT (non-fungible token) standard, more commonly known as Enjin, has recently managed to raise $18.9 million for the purpose of launching an all-purpose NFT blockchain on Polkadot. The purpose-built blockchain for NFTs is called Efinity, and its next-generation features allow for the availability of games, enterprises, apps,…

Read More

Deviation of Retail DeFi Investors from ETH Due to High Gas Fee Proves Beneficial for WINk As Its Price Soars

The retail DeFi investors are becoming more and more attracted toward WINK’s yield farming offerings because they cost less, as opposed to ETH, which has a very high gas fee. This has made many of these investors price out of Uniswap and turns to WINk (WIN). The Popularity of Decentralized Finance The popularity of decentralized…

Read More

SushiSwap Announces Rolling Release Of Lending Platform Kashi

SushiSwap, a decentralized exchange platform, has recently announced the initiation of a new platform called Kashi for public use. Kashi’s main goal is to provide users and traders the ability to borrow assets to build a structure for themselves, then paying it back later down the line when the structure is established. This way, it…

Read More

A New Roll-up Could Finally Solve Ethereum’s Network Congestion Problem

In a recent interview, the co-founder of Ethereum said that a new simple approach would be implemented to tackle the Ethereum traffic bottleneck. The rollup would aggregate transactions currently not present on Ethereum to be moved in the Ethereum smart contract, which would help reduce price and amount of traffic by incrementing the rate of…

Read More