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DeFi News
Global Fintech Series
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WOOFi Pro Integrates with Avalanche, Unlocking Faster and More Affordable DeFi Trading
- WOOFi Pro integrates with Avalanche, enabling faster and more cost-effective DeFi trading.
- Avalanche's sub-second transaction finality and low fees make it an ideal blockchain for WOOFi's ecosystem expansion.
- WOOFi Pro on Avalanche introduces native deposits and withdrawals, minimizing costs for users.
- This integration enhances scalability, speed, and affordability, providing an unparalleled trading experience.
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TechBullion
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CEO of DePIN Project Botanika Siwon Kim: “Focus on solving real-world problems rather than following trends”
- Siwon Kim, the CEO of Botanika and co-founder of DePIN, believes in innovating in the decentralized space with a focus on scalability and AI-driven technology.
- Siwon’s early adoption of DePIN in 2017 inspired his vision of creating decentralized infrastructure that is accessible and scalable.
- Botanika is addressing the complex concept of decentralized storage with AI-driven sharding, transmission, and data regeneration algorithms.
- The primary challenge is to address users’ familiarity with centralized cloud storage providers, to improve users’ understanding of decentralized alternatives.
- Botanika’s AI-driven algorithms improve both the speed and security of data storage, while its B1 hardware nodes offer a plug-and-play solution.
- The $1.5M funding will allow Botanika to accelerate its user acquisition and educational campaigns to increase awareness of decentralized storage.
- Botanika’s advisory team includes Jasmine Zhang, Aamer Chaudhry, Dr. Qurashi, and Dr. Al Sanad, providing deep expertise from a variety of industries to refine and enhance its decentralized storage solutions.
- Botanika aims to showcase how it integrates seamlessly with existing decentralized ecosystems, highlighting its cross-chain capabilities and support for DePIN.
- Siwon predicts a major shift in decentralized infrastructure, with the rise of DePIN changing resource allocation and management, and data generating AI models driving the demand for efficient, secure storage solutions.
- Siwon encourages thinking long-term, focusing on solving real-world problems, staying adaptable, and building trust with the community as key to success in decentralized spaces.
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Crypto-News-Flash
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Spark Unveils Multi-Chain Liquidity for USDS and sUSDS
- Spark Liquidity Layer automates multi-chain USDS and sUSDS liquidity management, boosting DeFi efficiency and scalability.
- The Spark Liquidity Layer allows for smooth deployment of USDS and sUSDS stablecoins across multiple blockchains and DeFi systems.
- It offers tools like stable borrowing, persistent savings, and cross-chain swaps with no slippage.
- Spark demonstrates its capabilities with a $25 million liquidity deployment to Aave's Lido market and reasonable borrowing rates of 6.5%.
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Bitcoinist
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Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos
- International Healthcare Group Cosmos has announced the inclusion of Bitcoin and Ethereum in its treasury reserve assets.
- Cosmos aims to diversify its balance sheet and capitalize on the growing global adoption of digital currencies.
- Semler Scientific, a healthcare technology company, has also acquired a significant amount of Bitcoin.
- Both companies reflect the growing acceptance of cryptocurrencies in businesses and institutions.
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Cryptonews
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Midnight Collaboration: Ripple’s Schwartz and Cardano’s Hoskinson Unite for DeFi and RLUSD Innovation
- Ripple's David Schwartz and Cardano's Charles Hoskinson plan to collaborate on the Midnight project.
- Hoskinson aims to enhance XRP with DeFi features, liquidity, and a stablecoin layer.
- Midnight is a privacy-focused metachain that integrates with multiple blockchains.
- Ripple's upcoming stablecoin RLUSD will be built on Ethereum and the XRP Ledger.
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Medium
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XBanking: Your Gateway to Effortless Staking Rewards
- Staking is a process where users lock up their cryptocurrency in a blockchain network and earn rewards.
- XBanking is a staking platform that offers user-friendly interface, wide range of staking options, competitive rewards, enhanced security, flexibility, and liquidity.
- To get started with staking on XBanking, users need to sign up, deposit assets, choose a staking pool, and start staking.
- Benefits of staking on XBanking include passive income, low fees, community engagement, and access to educational resources.
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Medium
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XBanking Liquidity Pools: The Future of Passive Income in Decentralized Finance
- Liquidity pools are collections of cryptocurrency tokens locked in smart contracts that facilitate decentralized trading, lending, and other financial services.
- XBanking's liquidity pools offer diverse pool options, high-yield opportunities, low entry barriers, multi-chain support, and advanced risk management tools.
- To earn passive income with XBanking liquidity pools, users need to create an account, deposit assets, earn rewards, and monitor and optimize their strategy.
- XBanking liquidity pools provide steady passive income, portfolio diversification, community governance, and seamless integration with other DeFi services.
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Medium
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BENEFITS OF XB TOKEN HOLDERS: Hold & Earn
- One of the most attractive features of the XB token is its ability to generate passive income through staking rewards, reflection rewards, and liquidity provision incentives.
- XB token holders enjoy exclusive access to higher yield opportunities, early access to new features, and fee discounts within the XBanking ecosystem.
- As a governance token, XB holders can propose and vote on platform upgrades, influence fund allocations, and drive the platform's growth.
- Holding XB tokens diversifies portfolios and supports the growth and success of the XBanking ecosystem.
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Medium
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Can Web3 Solve Online Privacy Issues?
- Online privacy has been repeatedly compromised by major data breaches, hacking scandals, and invasive tracking mechanisms. Web3 aims to offer a new vision of the internet where users are in control of their own data through decentralization. Decentralized identity allows individuals to maintain control over their personal data and reduce data exposure. End-to-end encryption and Whisper protocol ensure that all user data in Web3 is protected from prying eyes. Decentralized storage in Web3 eliminates the need for centralized data hubs which are prime targets for hackers and eliminate the risk of data tampering. Adoption rates of Web3 technologies still relatively low compared to Web2 including centralized messaging apps and cloud storage. Despite challenges, Web3 has the potential to return control of personal data back to users and create a safer and more secure online experience.
- Web3 is a decentralization approach that offers a new direction for tackling the online privacy issues that have long plagued the internet. Web3 has the potential to reshape how we interact with the internet through decentralized identity, enhanced encryption, and decentralized storage. The decentralized nature of Web3 offers a viable solution, empowering users and securing their digital footprint in a way that was previously unimaginable. While challenges remain in terms of adoption and scalability of the technology, the future of Web3 is bright. As we continue to develop these technologies, Web3 could very well be the key to creating a safer and more secure online experience for all.
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Medium
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Swisstronik: The Journey So Far and the Road Ahead
- Swisstronik has achieved significant milestones, including the conclusion of its testnet and phase one of the ambassador program.
- Key achievements of the testnet include thousands of transactions tested, interoperability verification, and privacy protection implementation.
- The ambassador program has contributed to community building through content creation, testnet participation, and community engagement.
- Swisstronik's future plans involve mainnet launch preparation, enterprise and developer adoption, scaling the ecosystem, and phase two of the ambassador program.
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Medium
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VRA: The understated token that will change the blockchain narrative
- Verasity is a blockchain project that aims to solve real-world problems in the ad industry, gaming, and NFTs.
- Their Proof of View (PoV) technology addresses ad fraud by ensuring real ad views and eliminating bots.
- Verasity has expanded its reach to gaming and esports, hosting tournaments and providing rewards for gamers.
- They have also ventured into the NFT space, allowing creators to securely monetize their work.
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Medium
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XBANKING: Revolutionizing DeFi with the XBANKING Dividend Token.
- The XB token is designed to benefit holders in multiple ways, creating an ecosystem that rewards loyalty and encourages long-term participation.
- Key benefits for XB Token holders include price appreciation, airdrops and rewards, ecosystem utility, exclusive giveaways, staking rewards, governance rights, and early access to new products and features.
- XB token holders earn dividends from XBANKING's commission-based profits, distributed based on the number of tokens held and other eligibility criteria.
- The XB token combines the potential for capital appreciation and high-yield dividend payouts, providing a unique investment opportunity for the WEB3 DeFi community.
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Bitcoinist
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Manhattan Prosecutors Revise Crypto Crime Tactics After Trump’s Latest Appointment
- The US Attorney’s Office in Manhattan is shifting its approach to crypto crime enforcement, allocating fewer resources to this area.
- The number of prosecutors dedicated to crypto-related cases has diminished since the collapse of digital asset prices in 2022.
- The Southern District of New York (SDNY) will continue to address cryptocurrency cases but expects a decline in the number of cases moving forward.
- The appointment of Jay Clayton, the former chair of the US Securities and Exchange Commission (SEC), as the new US attorney for the SDNY may have influenced the decision.
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Medium
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- Enzymes are catalysts that enhance chemical reactions in biological systems.
- Coenzymes and prosthetic groups are important for enzyme function.
- Enzymes are used in various industries for fast chemical reactions.
- Factors like chemistry and shape can affect the rate of enzyme action.
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Medium
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Exciting Hackathons to Watch in 2024: Build, Innovate, and Win Big!
- Exciting hackathons in 2024 are offering huge prize pools, incredible networking opportunities, and a platform to showcase innovation.
- Zypher Network is hosting its first-ever DoraHacks Online Hackathon, focusing on gaming and fully on-chain games.
- BAS Community Buildathon empowers the BNB ecosystem and calls for builders to create solutions that elevate it.
- ATOM Hacker House in Barcelona provides a 48-hour development opportunity for Cosmos and blockchain enthusiasts.
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