A naukri.com initiative
DeFi News
Bitcoinist
1M
397
Image Credit: Bitcoinist
Missouri Leads The Way: Tax Breaks On Crypto Sales Coming Soon
- Missouri is set to become the first US state to exempt capital gains from income tax, benefiting crypto investors.
- The approved legislation aims to eliminate capital gains tax for individuals, with potential future benefits for corporations.
- The move could make Missouri more appealing for crypto investors and stimulate economic activity in the digital asset market.
- Critics raise concerns about economic inequalities and long-term revenue loss due to the repeal of the capital gains tax in Missouri.
Read Full Article
23 Likes
Bitcoinsensus
1M
420
Image Credit: Bitcoinsensus
Why a Ledger Solana Wallet Is the Smartest Way to Secure Your Crypto?
- In the world of cryptocurrency, protecting private keys is crucial, and using a Ledger Solana wallet is a smart choice for securing assets like SOL.
- A crypto wallet stores private keys, not actual coins, and losing these keys means losing access to funds permanently.
- Software wallets pose risks as they store keys on internet-connected devices, exposing them to malware and phishing attacks.
- Hardware wallets like Ledger Solana wallets store keys offline, enhancing security and protection against network-based threats.
- Ledger Solana wallets offer full self-custody, offline key storage, and are backed by real credentials and security features.
- Ledger Live, the companion app, enables seamless asset management and supports various coins and tokens, including Solana.
- Ledger wallets are compatible with popular Solana apps, ensuring users can explore the blockchain securely.
- With advanced security features like a Secure Element chip and genuine checks, Ledger stands out for its protection and transparency.
- Comparing software wallets to Ledger Solana wallets highlights the offline key storage and enhanced security of the latter.
- Choosing a secure wallet like Ledger is crucial in the growing Solana ecosystem to protect against scams and phishing attempts.
Read Full Article
25 Likes
Newsbtc
1M
232
Image Credit: Newsbtc
Trump’s $6 Billion Trade Deal With The UK Pushes Bitcoin Past $100,000
- Bitcoin surpasses $100,000 driven by Trump's tariff policy shift and UK trade deal.
- After experiencing a 25% decline, Bitcoin is just 6.7% below its all-time high of $109,000.
- Ethereum and Dogecoin also see price surges following Bitcoin's rise.
- Analysts warn of challenges ahead for Bitcoin amid global uncertainty and urge to break above $109,350.
Read Full Article
14 Likes
Newsbtc
1M
63
Image Credit: Newsbtc
Coinbase Stock Rises 5% After $2.9 Billion Deal To Acquire Deribit
- Coinbase has agreed to acquire Dubai-based crypto derivatives exchange Deribit for $2.9 billion, making it the largest deal in the crypto sector so far.
- The acquisition involves $700 million in cash and 11 million shares of Coinbase Class A common stock, with the deal expected to close by the end of the year.
- Following the announcement, Coinbase's stock rose over 5% towards the $206 mark, indicating positive market reaction to the deal.
- Deribit's strong presence in the crypto derivatives space, with over $1 trillion in trading volume last year, is expected to enhance Coinbase's global competitiveness against major players like Binance.
Read Full Article
3 Likes
TronWeekly
1M
188
Image Credit: TronWeekly
SOL Strategies Leads Tokenized Equities Trading on Superstate’s Opening Bell
- Opening Bell, a platform by Superstate, enables blockchain-based public equity trading on Solana.
- SOL Strategies becomes the first public company to list shares via Opening Bell, allowing SEC-registered shares to trade 24/7 with real-time settlement.
- The platform integrates traditional and decentralized finance, offering real-time settlement, continuous trading, and direct DeFi protocol integration.
- Opening Bell, led by Superstate, modernizes the financial system by eliminating centralized exchanges and providing programmable securities.
Read Full Article
11 Likes
Crypto-News-Flash
1M
191
Image Credit: Crypto-News-Flash
IOTA DeFi Ecosystem Expands as Swirl Launches Liquid Staking
- Swirl has launched liquid staking on IOTA, allowing users to earn daily rewards while keeping tokens tradable and usable in DeFi.
- Users receive stIOTA instantly after staking, enabling selling, lending, or redeeming without waiting for lock periods.
- Swirl's system is transparent and auditable through Move-based smart contracts, with plans for increased decentralization over time.
- The platform offers up to 15% APR, allowing users to benefit from liquidity access without sacrificing staking rewards in the IOTA DeFi ecosystem.
Read Full Article
11 Likes
Livebitcoinnews
1M
146
Image Credit: Livebitcoinnews
TRON’s TRX Gains U.S. Traction Through MoonPay Partnership
- TRON and MoonPay have collaborated to enhance TRX accessibility in the U.S.
- Partnership aims to boost TRON’s U.S. market presence.
- U.S. customers can now purchase TRX directly from MoonPay’s platform, facilitating access to TRON's DeFi ecosystem.
- TRX price saw a notable recovery post-announcement, reflecting market optimism towards TRON's increased adoption in the U.S.
Read Full Article
8 Likes
Stackexchange
1M
415
Why doesn't protocol handle whales which is considered as centralism?
- Bitcoin protocol includes rules for block creation timestamp, difficulty adjustment, and halving mechanism.
- One aspect not covered in the protocol is the reduction of centralization caused by whales who own most Bitcoin.
- Suggestion is to require older hodlers with significant UTXOs to spend them for miners' incentives or share them with others.
- Implementing this rule would require a hard fork and could address issues of wealth concentration in Bitcoin.
Read Full Article
25 Likes
99Bitcoins
1M
443
Is the Former SafeMoon CEO Really Innocent? 2021 Investors Demand Their Money Back
- Former SafeMoon CEO John Karony faces trial amidst accusations of defrauding investors of over $200 million through the collapse of the DeFi project.
- SafeMoon, once a promising crypto project, saw a drastic downfall, with its native token SFM now worth a fraction of a cent after filing for bankruptcy in December 2023.
- Karony has pleaded not guilty to the charges of securities fraud, wire fraud, and money laundering conspiracy, maintaining his innocence as the trial progresses.
- Former CTO Thomas Smith has pleaded guilty to fraud charges and is testifying against Karony, leaving investors uncertain about the possibility of recovery amidst minimal remaining assets.
Read Full Article
26 Likes
99Bitcoins
1M
63
All You Need to Know About SAROS Crypto: New Generation Liquidity Engine
- Crypto project Saros, known as the "New Generation Liquidity Engine", operates on the Solana blockchain to enhance the DeFi experience with a range of financial tools.
- Saros introduces the Dynamic Liquidity Market Maker (DLMM) v3 solution to address common issues in Solana's DeFi space.
- Starting as SarosSwap, Saros has evolved into Saros V2, offering a DeFi ecosystem that includes various components like the Saros Super App, SarosID, and Saros Farm.
- The recent launch of DLMM v3 aims to streamline DeFi trading on Solana by enabling direct token pooling and trading without intermediaries.
- Saros focuses on providing diverse financial markets for trading, lending, and stablecoins, which contribute to increased liquidity, improved trading, and higher earnings for users.
- The Saros DLMM relies on Automated Market Makers (AMMs) and offers benefits like custom price ranges, enhanced trade execution, and decentralized security.
- Saros stands out with its mobile app designed for easy access to the decentralized market on Solana, along with the SarosID feature for secure digital identity access.
- Saros Finance includes products like SarosSwap, SarosFarm, and SarosStake aimed at enhancing liquidity growth for Solana projects and providing opportunities for passive income through staking.
- The $SAROS utility token powers the Saros ecosystem, facilitating rewards and community engagement, with recent impressive performance including a 17.5% price increase over two weeks.
- Saros crypto's DLMM innovation and expanded suite of financial tools position it as a leading DeFi platform on Solana, with the $SAROS token driving user rewards and community involvement.
Read Full Article
3 Likes
Medium
1M
91
Image Credit: Medium
The Code Was Never Just Code
- In the world of decentralized architecture, beyond the technical aspects, a deeper understanding is emerging that transcends mere functionality.
- AIGARTH, the AI oracle layer by Qubic, is not about mimicking humans, but about perceiving and processing without bias.
- There is a shift towards recognizing the importance of intention and values in code, leading to a sense of community and communion in transactions.
- Qubic's approach emphasizes inclusivity and building for the human collective, focusing on resonance and meaning rather than elitism.
Read Full Article
5 Likes
TechBullion
1M
173
Image Credit: TechBullion
Ripple Whales Eye Xp.Finance As Next Major XRPL DeFi Token—Set To Launch $XPF Presale
- Following Ripple's recent developments, attention is now shifting towards DeFi projects built on the XRP Ledger, with Xp.Finance gaining significant buzz.
- Xp.Finance is a lending and borrowing protocol catering to XRPL, offering a solution for idle XRP holdings to generate passive income securely.
- The $XPF token at the core of Xp.Finance offers lower borrowing rates, staking rewards, and governance power to its holders, making it essential for users.
- The $XPF token presale is set to launch soon, offering early investors the opportunity to benefit from the promising DeFi protocol's growth potential on XRPL.
Read Full Article
10 Likes
99Bitcoins
1M
265
Maple Finance Soars 65% After Binance and Grayscale Endorsements
- Maple Finance's SYRUP token surged 65% following its listing on Binance and endorsement by Grayscale Research.
- SYRUPUSDT prices are anticipated to surpass $0.40, indicating new highs for the token.
- While Maple Finance thrived, other DeFi tokens like Lido, Hype, and Uniswap faced challenges, experiencing losses in the past 24 hours.
- Grayscale's recognition of Maple Finance's role in promoting DeFi showcases the project's potential and strategic positioning in the market.
Read Full Article
15 Likes
TheNewsCrypto
1M
247
Blockchain Oracles Bring Real-World Data On-Chain To Fuel Automation in DeFi, Insurance, Gaming & More
- Blockchains face limitations in accessing real-world data, hindering wider adoption for applications beyond cryptocurrency.
- Blockchain oracles act as intermediaries, providing access to external data sources for blockchains to execute smart contracts.
- Oracles retrieve data from sources like API calls, IoT sensors, and web scraping, verify its accuracy, and transmit it to blockchains for use.
- They are crucial for decentralized finance (DeFi), enabling cross-chain transactions, price feeds, and lending protocols.
- Oracles fuel tokenization of real-world assets and support AI agents in DeFi for automated trading and yield farming.
- Future applications of oracles include supply chain management, insurance automation, NFTs, and gaming industries.
- Supply chains benefit from oracles for transparency, traceability, regulatory compliance, and inventory management.
- Decentralized insurance uses oracles for real-time data on weather, crop yields, and flight delays to automate claim verification and payouts.
- Blockchain-based games like Sorare utilize oracles to update player-based NFTs with real-world sports data.
- Overall, data oracles enhance blockchain automation, enabling more efficient and dynamic applications across various industries.
Read Full Article
14 Likes
Cryptopotato
1M
36
Image Credit: Cryptopotato
Inside 1inch with Aleksandra Fetisova: From Institutions and Memes to the Future of DeFi
- 1inch, a decentralized exchange aggregator, is at the forefront of DeFi innovation.
- Recent upgrades include Fusion, a gasless cross-chain solution, improving swap experience for users.
- 1inch focuses on security through rigorous audits and minimalist smart contract designs.
- 1inch expanded to Dubai, anticipates institution involvement in DeFi, emphasizes education on meme coins, and eyes tokenization of real-world assets and AI integration for future growth.
Read Full Article
1 Like
For uninterrupted reading, download the app