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DeFi News
TechBullion
15h
303
Image Credit: TechBullion
Decentralized Finance (DeFi): A New Path to Financial Freedom
- Decentralized Finance (DeFi) aims to provide financial services like saving, borrowing, and investing to anyone with internet access, without going through a bank. It operates on blockchain technology, which is a digital ledger making it super secure and transparent where smart contracts self-running agreements are used to handle transactions.
- It enables users to lend, borrow and trade digital assets directly without taking any services of a middleman. Thus, it offers a financial system that's more open, transparent and easier to access.
- DeFi services include Decentralized Exchanges (DEXs) like Uniswap and SushiSwap, lending and borrowing on platforms like Compound and Aave, insurance on platforms like Nexus Mutual, Yield Farming, and Stablecoins.
- It gives everyone a chance to join the financial world and provides everything recorded on blockchain for all to see, which is traceable and open to everyone.
- DeFi doesn’t involve middlemen, which results in minimal fees. Furthermore, users keep their assets in digital wallets, which means they control their money directly.
- DeFi does come with a few risks, such as price swings of cryptocurrencies, smart contract risks due to bugs or hack in the code, governments around the world figuring out how to regulate DeFi, and its complexity that newbie users might face.
- The future consortium of DeFi and traditional banks mutually benefitting each other seems possible, where DeFi technology could help banks to improve their services, and regulations can result in the safety of users.
- DeFi is taking financial freedom to the next level, especially in developing countries, as it provides them with a financially inclusive system. It gives individuals power and control over their financial decisions.
- To start with DeFi, one must learn the basics, get a digital wallet, research and start with a small investment, and keep updated with news and updates. Joining DeFi is an exciting opportunity for young individuals to explore a financially revolutionized world.
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TheNewsCrypto
16h
88
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DTX Presale Takes Off: Is This the Next Altcoin to Skyrocket 50X?
- DTX Exchange (DTX) has raised $7 million in pre-sale funding for its Phoenix Wallet.
- Phoenix Wallet is a unique DeFi and TradFi platform built on DTX's proprietary Layer 1 blockchain.
- DTX combines centralized and decentralized features to attract institutional and retail investors.
- Experts predict DTX could experience 50X growth as it prepares for listing on Tier 1 exchanges.
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Bitcoinist
19h
166
Image Credit: Bitcoinist
This Week In Crypto: Key Developments And Legislative Moves As Trump Prepares For Office
- President-elect Donald Trump's administration is expected to influence the cryptocurrency sector.
- The impact on crypto will depend on the appointments of key agency heads and staff.
- Scott Bessent, a leading candidate for Treasury Secretary, supports digital assets.
- Trump plans to establish a dedicated role for cryptocurrency within the White House.
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Bitcoinist
1d
116
Image Credit: Bitcoinist
Trump Plans To Strengthen Crypto Policy With Dedicated Advisor And Presidential Council
- President-elect Donald Trump is seeking candidates with industry-friendly views for key regulatory positions to reshape the US government's crypto policy.
- His transition team is consulting with cryptocurrency executives to explore potential changes to federal policy and establish the United States as the "crypto capital of the world."
- Discussions have focused on financial regulatory agencies like the Securities and Exchange Commission (SEC), with consideration of individuals known for their pro-crypto stance.
- There are plans to establish a presidential council on digital currencies and appoint a dedicated crypto advisor within the National Economic Council.
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Medium
1d
68
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The Role of Decentralized AI in Predicting Pathogens and Epidemics
- Decentralized AI uses decentralized networks to accumulate pathogen data from various sources, speeding up epidemic detection process and providing accurate insights while ensuring secure data sharing.
- Decentralized AI can assess global health data in real-time from different sources like hospitals, public health records, and travel data, empowering health authorities to respond proactively to epidemics and reduce their spread.
- By integrating data from various sources and regions, decentralized AI models can identify complex patterns and correlations improving the accuracy of epidemic models and empowering informed decisions based on reliable projections.
- Decentralized AI is scalable, capable of accommodating growing volumes of health data as they become available, ensuring public health solutions continue to be effective even when demands rise.
- Decentralized AI employs decentralized data processing methods that prioritize privacy and security, alleviating privacy concerns, encouraging greater collaboration while maintaining the privacy of individuals in the process.
- Decentralized AI improves real-time surveillance, predicts epidemic patterns, monitors and predicts pathogen evolution, and improves the rapid and secure identification of individuals exposed during outbreaks.
- Decentralized AI enables public health authorities to establish early warning systems that alert them to potential outbreaks based on emerging data patterns, ensuring timely alerts that enable proactive mobilization of resources and effective public health interventions.
- DcentAI offers the infrastructure required to support scalable, effective, and secure decentralized AI frameworks, improving epidemic prediction and fostering global health security and resilience in the face of evolving public health challenges.
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Bitcoinist
1d
275
Image Credit: Bitcoinist
Crypto Rally Potential: 10 Key Signs Pointing To An Unprecedented Market Boom
- Crypto analyst Miles Deutscher believes that the cryptocurrency market is entering a significant bull run, driven by several key factors.
- Donald Trump's victory over Kamala Harris is seen as an important moment that could lead to clearer, pro-crypto regulations.
- Macroeconomic elements, such as the Federal Reserve's expected interest rate cuts and international interest rate cuts, are contributing to the bullish sentiment.
- The supply-demand dynamics for Bitcoin, with increasing demand and decreasing supply, indicate favorable conditions for a significant price increase.
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Medium
11h
323
Image Credit: Medium
Staking Rewards with 16% APR: Unlock Passive Income with XBANKING
- XBANKING is a DeFi platform that provides an opportunity for users to grow their holdings without actively trading.
- Staking on XBANKING involves locking up assets in a smart contract for a specified period, during which users earn interest in the form of additional tokens.
- A 16% APR is highly competitive within the DeFi space.
- You can stake on XBANKING by setting up a compatible cryptocurrency wallet and transferring compatible tokens into it.
- XBANKING offers various staking pools with unique terms and reward structures
- Once you start staking, you can monitor your rewards through the XBANKING dashboard.
- Cryptocurrency markets are notoriously volatile, and while staking generates passive income, the underlying value of your staked tokens can fluctuate.
- XBANKING’s 16% APR is higher than many other staking platforms, making it an attractive option.
- However, like all investments, staking carries risks, including market volatility and potential smart contract vulnerabilities.
- Staking rewards through XBANKING offer an enticing 16% APR, making it an appealing choice for investors looking to maximize their passive income from cryptocurrency.
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Medium
11h
100
Image Credit: Medium
How to Stake DOGS (DOGS) Token for Passive Income on the TON Blockchain
- DOGS (DOGS) is a native token on the TON blockchain.
- Staking DOGS enables token holders to earn passive income without selling their tokens.
- By staking DOGS, token holders help maintain the security and stability of the TON blockchain.
- Staking DOGS is accessible to all token holders, as there is no minimum amount required to participate.
- To stake DOGS, you need a TON-compatible wallet that supports both the DOGS token and staking.
- If you don’t already hold DOGS tokens, you can purchase them on TON-compatible exchanges.
- Some wallets and platforms allow you to select a staking pool for DOGS tokens.
- Staking rewards for DOGS may fluctuate based on network conditions, the staking pool's performance, and other market factors.
- Staking DOGS on the TON blockchain offers a low-risk, accessible way for token holders to earn passive income.
- This step-by-step guide should help you start staking DOGS on the TON blockchain with confidence.
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Crypto-News-Flash
18h
7
Image Credit: Crypto-News-Flash
BounceBit’s CeDeFi V2 Platform Launch: Multi-Chain Support Added
- BounceBit’s CeDeFi V2 platform enables multi-chain support without fund bridging, enhancing cross-chain flexibility.
- New Auto, Fixed, and Manual strategies on CeDeFi V2 offer users diverse investment options and boosted APY rewards.
- BounceBit has officially launched its CeDeFi V2 platform, offering an upgraded, multi-chain experience without the need for fund bridging.
- The platform supports prominent blockchain networks like Ethereum, Binance Smart Chain, Solana, and Bitcoin, allowing users to control assets across multiple chains easily.
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Medium
19h
244
Redefining AI through Data Sovereignty: Insights from Industry Leaders
- Data sovereignty is crucial in AI to protect privacy and ensure transparency.
- Companies like Entrova are building decentralized platforms to manage and optimize data for AI.
- Decentralization through blockchain can maintain data ownership and control.
- AI can help enforce data sovereignty by tracking ownership, distribution, and lineage.
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14 Likes
Crypto-News-Flash
21h
156
Image Credit: Crypto-News-Flash
Binance Chain Secures Google Cloud’s $10M Backing for MVB Program in AI, DeFi, and NFTs
- Binance Chain secures $10M in Google Cloud credits to boost its MVB Program, supporting AI, DeFi, and NFT projects.
- The funding will support the growth of over 40 innovative initiatives within the Binance ecosystem.
- Access to Google Cloud infrastructure will help teams expand capabilities and receive guidance on operational growth.
- Binance Chain strengthens its role as a leading hub for decentralized innovation with over 4,000 dApps.
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99Bitcoins
1d
207
What’s Going on With Oasis (ROSE)? Here’s The ROSE News You Missed While Shitcoining
- ROSE, the coin behind Oasis Network, has been rallying, up 37% at press time.
- Traders view the pullback as an opportunity to buy more and expect a clean break above local resistance.
- Oasis Network has formed strategic partnerships and expanded its privacy features and AI capabilities.
- The team has launched protocols, promoted the project, and attended summits.
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12 Likes
Medium
1d
305
XBANKING: Your Gateway to the Future of Finance
- XBANKING is a comprehensive and user-friendly platform for financial management.
- It offers advanced financial tools such as budgeting apps, financial planning services, and investment tracking.
- XBANKING integrates DeFi protocols, allowing users to earn interest on assets and participate in decentralized lending.
- The platform has an intuitive design to cater to users who are new to digital finance.
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18 Likes
Medium
2d
184
Image Credit: Medium
What is Confidential Layer?
- Confidential Layer is a platform that combines privacy with security when bridging assets between blockchains.
- It allows users to move assets from a public blockchain like Ethereum to a privacy-focused blockchain like Zano, while keeping the transactions private and secure.
- Confidential Layer acts as a secure bridge between the transparent world of blockchains and the private, anonymous world, allowing users to seamlessly transition between the two.
- To learn more about Confidential Layer and participate in the Guardians of Privacy campaign, users can refer to the official documentation and join the privacy revolution.
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TheNewsCrypto
2d
197
Image Credit: TheNewsCrypto
Layer-2 Networks Emerge as the Foundation of a More Expansive DeFi Ecosystem
- Ethereum’s dominance has led to significant challenges for DeFi protocols as it has limitations in terms of transaction throughput and scalability.
- The DeFi industry has been quick to innovate, giving birth to a number of alternative, Layer-2 networks that sit above Ethereum, enhancing its scalability by processing transactions off-chain.
- Some of the most prominent L2s include Polygon, Fuse Network, Optimism, Base, and Coti, which have shown incredible potential, helping Ethereum to scale to support hundreds of thousands of transactions per second and paving the way for DeFi to take on the traditional financial world.
- Polygon is the creator of a multichain ecosystem that provides several L2s designed to scale Ethereum, utilizing zero-knowledge rollups as the basis of its scaling solution, facilitating rapid, private transactions with much lower gas fees than the main Ethereum network.
- Fuse Network is the creator of an infrastructure network for crypto and fiat payments, focused on enabling business-to-business and business-to-consumer transactions without borders. Its upcoming Ethereum-based ZK-proof L2 relies on the considerable capabilities of the Polygon Chain Development Kit, which forms the basis of its highly efficient transaction capabilities.
- Optimism scales Ethereum to a peak of 4,000 TPS, meaning transactions are processed 26-times faster than the mainnet, with gas costs reduced by 90% or more.
- Base is built atop of the OP stack and leverages optimistic rollup as the basis of its rapid transaction processing. It can achieve a maximum throughput of 2,000 TPS, meaning near-instantaneous transaction processing, and gas fees are reduced by up to 95% compared to the costs of transacting on Ethereum.
- Coti is a Layer-2 solution for Ethereum, supporting more affordable transactions that leverage Ethereum’s unparalleled security and interoperability while ensuring maximum privacy for users, with a throughput that supports a whopping 100,000 TPS.
- Layer-2 networks are rapidly emerging as the new foundation of the DeFi ecosystem, helping every protocol to converge into a larger, more expansive ecosystem that is better suited to support the masses and unlock new opportunities for growth.
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