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DeFi News
Cryptoslate
3w
21
Image Credit: Cryptoslate
Neon EVM unveils Solana-native framework for Ethereum dApp integration
- Neon EVM unveils Solana-native framework for Ethereum dApp integration
- Neon EVM announced a Solana-native framework for integrating Ethereum-based dApps with Solana’s ecosystem.
- Key capabilities include Solana wallet compatibility for Ethereum transactions, on-chain mempool for scalability, and intent-based operations for conditional transactions.
- The update simplifies wallet management, allows users to utilize Solana wallets for Neon EVM transactions, and enhances cross-chain functionality.
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Pymnts
3w
148
Image Credit: Pymnts
Compliance Divides Stablecoin Market: Why CFOs and Treasury Teams Should Care
- Stablecoins are increasingly being eyed for their potential to reshape key areas of corporate finance, along with cross-border payments and liquidity management.
- Stablecoins have surged above a $190 billion market capitalization, jumping 46% year over year.
- For finance professionals, an understanding of the operational benefits, regulatory landscape and strategic implications is critical for integrating stablecoins into modern treasury operations.
- Stablecoins such as Tether’s USDT, while widely used, have faced persistent questions about transparency and regulatory compliance.
- Fully regulated stablecoins may dominate institutional use cases, while less-regulated alternatives could thrive in peer-to-peer transfers, emerging markets and DeFi ecosystems.
- Part of the appeal for enterprises lies in the ability of stablecoins to facilitate near-instant transactions, help to reduce costs and provide transparency.
- Stablecoins can help provide a seamless mechanism for reallocating funds globally, particularly in regions with limited banking infrastructure.
- Cryptocurrencies, particularly stablecoins, are being increasingly embraced by firms looking to find a better way to transact and expand internationally.
- Cryptocurrency companies and other firms need to embrace and invest in appropriate guardrails for their industries.
- Central Bank of Brazil (BCB) reportedly aims to prevent centralized exchanges from allowing their users to withdraw stablecoins to self-custodial wallets.
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TheNewsCrypto
3w
350
Image Credit: TheNewsCrypto
Crypto Traders Flock to a Game-Changing Blockchain Can It Reshape DeFi and Outperform Ripple?
- Lightchain Protocol AI, a blockchain integrating artificial intelligence (AI), is gaining traction and aims to rival Ripple in the DeFi ecosystem.
- Lightchain AI offers innovative solutions like Proof of Intelligence (PoI) and Artificial Intelligence Virtual Machine (AIVM) to transform DeFi and other industries.
- It focuses on scalability, sustainability, and AI-driven innovation, positioning itself to outperform Ripple and disrupt traditional blockchain powerhouses.
- Traders and investors have an early-stage opportunity to participate in the Lightchain AI presale and join a project reshaping the DeFi landscape.
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Hackernoon
3w
65
Image Credit: Hackernoon
The Fallacy of Onboarding the Next Billion Users
- A debate at Devconflict, a side event of Devcon 2024 held by the Ethereum Foundation, discussed the best way to scale blockchain-based products and services to make them more accessible to the masses. The debate centered around two divergent opinions; building on-chain products to serve billions and building tailored on-chain products for specific niche audiences with customized needs.
- Building products for scale makes sense - building options for use on the internet has been a great way to reach global and universal audiences. However, the risk of oversimplifying the design of complex blockchain-based services is that it requires handing control back over to an organization or company rather than an individual user, which goes contrary to the ethos or principles of building a decentralized blockchain.
- The alternative is to build more precise solutions for a smaller group of users. Though building a successful product that is used and loved by several thousand or even millions of individuals can be incredibly useful, it is still not considered mainstream. Perhaps what is more important is whether the product is sustainable and valuable to both the team that created and maintains it and its end-users.
- One of the promises of building on-chain technology is that it allows the creation of more internet-native economies that don't require the same kind of approach to success similar to big box stores and mainstream media. This goal suggests creating specialized stacks of products that can be combined with related products to build suites of services that leverage things like network effects and global access, but do it in a way that is also extremely tailored and unique.
- To achieve internet scale while maintaining non-custodial control, the obvious answer is to build products that are better than anything that exists right now. For people concerned about privacy, this means building the best privacy product. For people with concerns about banks, it means building a streamlined non-custodial experience where key management becomes as easy as saving a username and password. For people worried about nationalism, it means building technologies that are global and multicultural at their foundation.
- Perhaps the key to scale is to think about how the product is composable, durable, and accessible. If the answer is yes, then it can become part of the fabric of the open internet. The product or service might even get remixed into something else or used by some other project. This goal requires building technologies that are global, networked, and non-hierarchical.
- In conclusion, it's not about the number of users one serves, but about building for certain specific audiences aligned with specific use cases while empowering users rather than just recreating technologies of the Web 2.0 stack.
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Crypto-News-Flash
3w
149
Image Credit: Crypto-News-Flash
Bitcoin Meets DeFi: New Mining-Backed Model Revolutionizes BTC Use
- EverValue, a DeFi project on the Arbitrum network, is integrating Bitcoin into decentralized finance.
- The project introduces a unique burn mechanism called the Burn Vault, where wrapped Bitcoin supports the price floor of the EVA token.
- The EVA token is fully backed by Bitcoin and operates in a 'smart contract' wallet where new Bitcoin is deposited daily but can only be withdrawn by burning EVA tokens.
- Regular audits, whale-proof measures, and continuous burns enhance the stability and security of EverValue's tokenomics.
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Cryptonews
3w
320
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ADA Up 22% as Cardano’s DeFi Soars to New Peaks and TVL Nears $800M
- Cardano’s ADA price has surged over 240% in the past 30 days, reaching US$1.19, a level last seen in mid-2022.
- Cardano’s DeFi ecosystem has reached an all-time high TVL of over US$700M, marking a 232.3% increase in 30 days and a dramatic recovery from a low of US$50M in November 2022.
- The implementation of new technical features, a broader crypto market rally, and Hoskinson’s comments on US policies are some of the factors driving this growth.
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Cryptoslate
3w
175
Image Credit: Cryptoslate
Cardano DeFi TVL nears record $700 million, ADA skyrockets 20%
- Cardano’s DeFi ecosystem is experiencing significant growth, with its total value locked (TVL) nearing an all-time high of $700 million.
- Cardano saw a massive increase in TVL, adding over $400 million to reach $680 million as of press time.
- In addition to TVL growth, Cardano's DEXs reported a trading volume of $22.35 million in the past day, the highest since December 2023.
- Cardano's ADA token has gained over 20% in the past week, reaching a peak of $1.21 and becoming the ninth-largest digital asset globally.
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Medium
3w
285
Unleashing the Power of CerboAI: Transforming AI Through Decentralized Innovation
- CerboAI revolutionizes AI by decentralizing models and enabling training, fine-tuning, and deployment on edge devices.
- Proof of Federated Learning (PoFL) ensures data privacy and accuracy in collaborative model training.
- CerboAI optimizes models for edge devices, making AI applications possible on mobile phones and IoT devices.
- Using quantization and mixed precision training, CerboAI reduces model sizes and accelerates computation without compromising accuracy.
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Pymnts
3w
343
Image Credit: Pymnts
BitGo Debuts Platform for Retail Cryptocurrency Customers
- BitGo has launched a dedicated retail platform for cryptocurrency customers.
- The platform offers retail customers access to BitGo's digital asset trading, staking, wallets, and qualified custody services.
- The company aims to provide a security-first, crypto-native platform for retail investors.
- BitGo is also offering a giveaway to American retail customers, giving them the chance to win a full bitcoin each quarter by signing up.
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Medium
3w
175
Image Credit: Medium
Reactor vs ChatGPT: A Comprehensive Comparison
- Reactor delivered answers at lightning-fast speed, providing complete and coherent responses.
- Both Reactor and ChatGPT demonstrated exceptional content quality.
- Reactor's ability to provide structured responses was a significant advantage.
- Reactor has pushed the boundaries of AI technology, outpacing the industry leader in several key areas.
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TheNewsCrypto
3w
21
Image Credit: TheNewsCrypto
Bernstein Predicts Ethereum ETF Staking Yield Approval Under Trump Administration
- Ethereum ETFs could grow with the addition of staking yields, appealing to institutional investors in a low-interest-rate market.
- Bernstein predicts that staking yields for Ethereum ETFs will likely be approved under the Trump administration, due to Ethereum's robust fundamentals and dominance in decentralized finance.
- The transition of Ethereum to a proof-of-stake consensus mechanism further strengthens its investment potential.
- Despite underperforming Bitcoin in 2020, Ethereum-based ETFs have seen increased investor interest, surpassing Bitcoin in terms of inflow size on some days.
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TechBullion
3w
425
Image Credit: TechBullion
Nabla Finance Public Sale: Redefining DeFi with Unmatched Yields
- Nabla Finance has announced its public token sale at Fjord Foundry, starting on December 4 at 2 PM UTC and ending on December 7, 2024.
- Nabla is revolutionizing the DeFi landscape by offering unparalleled yields driven by hyper-efficient technology powered by Nabla AMM.
- Nabla AMM technology has delivered the highest APYs for assets like WBTC, cbBTC, WETH, and ARB.
- The innovative single-sided liquidity pools of Nabla reimagined liquidity provisioning without being exposed to price and market-making risks.
- The capital efficiency of Nabla AMM concentrates liquidity around the market-fair price, maximizing the value of every dollar deposited.
- The Backstop Pool, a built-in insurance mechanism, safeguards all users against unforeseen risks, making Nabla Finance a fortress of security in the volatile DeFi space.
- Nabla Finance announced its public token sale is set at $6 million FDV, with a target of raising $300,000.
- The funds will enable Nabla Finance to expand its integrations with decentralized exchange (DEX) aggregators and solvers, boosting trading volume and annual percentage returns (APRs).
- Nabla Finance even launched the world’s first yield-bearing meme token, $naDEGEN, and is redefining yield generation in DeFi sector.
- Nabla’s innovative approach to yield generation, risk mitigation, and liquidity management is setting new standards for efficiency and profitability.
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Medium
3w
92
Image Credit: Medium
Nesa: Revolutionizing AI with Privacy and Decentralization
- Nesa is revolutionizing AI with privacy and decentralization.
- Positioned as an alternative to centralized AI giants, Nesa offers a private, secure, and decentralized solution to AI execution.
- Leveraging blockchain technology and advanced techniques like zero-knowledge machine learning and split learning, Nesa ensures data privacy and computational efficiency.
- By redefining trust in AI and democratizing access to AI, Nesa is leading the way towards a transparent and secure future.
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Global Fintech Series
3w
245
Image Credit: Global Fintech Series
Decoding Blockchain and Smart Contracts in Wealth Management
- The integration of blockchain technology and smart contracts is reshaping the wealth management landscape.
- Benefits of Blockchain in Wealth Management include enhanced transparency and trust, efficient record-keeping, cost reduction, improved security, and global accessibility.
- Smart Contracts in Wealth Management automate payments and settlements, portfolio management, inheritance and estate planning, client agreements, and tokenization of assets.
- Challenges in adoption include regulatory uncertainty, technical complexity, scalability issues, and the need for client education.
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Medium
3w
206
Image Credit: Medium
Accept Web3’s and the metaverse’s future.
- The metaverse represents a breakthrough shared digital cosmos where the physical and virtual domains converge effortlessly.
- Web3's primary characteristics in the metaverse are an immense, 3D version of the internet, decentralization, security, and trust.
- The metaverse has the potential to transform several industries, including healthcare and education.
- The merger of Web3 and the metaverse marks a significant change in digital interaction, offering incredible chances for development, creativity, and connection.
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