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DeFi News
TheNewsCrypto
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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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Medium
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Decentralized AI in Tourism and Hospitality: Personalized Experiences
- Decentralized AI can shape the tourist and hospitality industries by delivering customized travel suggestions and constant, individualized travel help.
- Decentralized AI (or blockchain AI) offers many benefits over traditional systems, including real-time, tailored services, improved data privacy, and significant cost savings.
- Decentralized AI may help tourism and hospitality service providers manage expected issues more effectively, resulting in improved travelers’ experiences.
- Although the implementation of decentralized AI in tourism and hospitality presents certain obstacles, networks like DcentAI can offer flexible, modular solutions that can interface with existing systems, encourage data sharing, and minimize resistance from industry participants.
- Decentralized AI can elevate beyond existing data silos and offer a more comprehensive traveler profile that allows service providers to deliver personalized incentives, special offers, or exclusive experiences.
- Decentralized AI affords travelers immediate intelligent recommendations based on continuously evolving insights, including up-to-date schedules and customized dining suggestions.
- Within the accommodation experience, decentralized AI may provide settings specifically optimized to match individual tastes, service recommendations, and promote local attractions.
- By examining data from numerous sources, including traveler preferences, historical information, and local circumstances, decentralized AI offers personalized suggestions for distinctive destinations.
- Decentralized AI, given its distributed nature, ensures travel assistance is continually provided, even if parts of the network are down.
- Decentralized AI provides specialized customer experiences that not only improve customer satisfaction but also improve operational efficiency in the tourism and hospitality industries.
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Medium
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Bitcoin’s Historic Journey: Shaping the Cryptocurrency Era with Xbanking
- Bitcoin's revolutionary concept rested on blockchain technology—a decentralized, immutable ledger that records all transactions securely and transparently.
- Bitcoin’s value was initially negligible, and for the first few years, it circulated within a small community of enthusiasts and cryptography experts.
- Bitcoin’s underlying blockchain technology demonstrated such promise that developers and entrepreneurs began exploring ways to expand it, sparking the creation of alternative cryptocurrencies, known as “altcoins.
- Bitcoin’s appeal shifted toward being a store of value—an asset akin to gold that could act as a hedge against inflation and economic uncertainty.
- Bitcoin’s journey has not been without challenges. The volatility of its price remains a concern for many potential investors.
- Bitcoin has driven the growth of the entire cryptocurrency market, valued at over a trillion dollars today.
- The evolution of Bitcoin has also inspired further blockchain advancements, from DeFi protocols to Web3 applications, redefining how people interact with digital assets and expanding Bitcoin’s impact far beyond financial transactions.
- While some believe Bitcoin will reach new highs and solidify its place as the ultimate store of value, others think it will become one piece of a larger financial ecosystem alongside stablecoins, CBDCs, and other digital assets.
- Bitcoin’s journey from an obscure digital experiment to a financial powerhouse has reshaped the global understanding of money, wealth, and technology.
- Bitcoin continues to affirm its role in the digital economy, shaping the cryptocurrency era and inspiring a new generation to explore the limitless potential of blockchain and digital assets.
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Medium
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Unlocking Real Price Growth Potential: The $XB Token and XBANKING Ecosystem
- The $XB Token is the native utility token of the XBANKING Ecosystem, which enables a variety of functions across the platform.
- The token derives value from its role within the ecosystem, providing holders with direct access to XBANKING’s full range of DeFi services.
- Non-Custodial Staking and Restaking enables users to earn returns while retaining full control over their assets, thereby mitigating risks.
- XBANKING has integrated with over 40 major public blockchains, which expands $XB Token's utility. With cross-chain flexibility, users can transact seamlessly across ecosystems and stake in various networks.
- $XB Token serves as a governance token within the XBANKING Ecosystem, allowing token holders to participate in voting on important decisions such as protocol upgrades, partnerships, and feature developments.
- XBANKING rewards active participation across the platform with $XB Tokens, which incentivizes users to contribute to the ecosystem’s health.
- The wide-ranging functionality of $XB Tokens within the ecosystem generates consistent demand, thereby anchoring the token’s value in real usage.
- As XBANKING expands, the value of participating in the ecosystem rises, supporting sustainable growth as XBANKING’s community of token holders and users expands.
- Deflationary mechanisms and scarcity, incentive programs and token accumulation, and cross-chain reach and expanded market are some of the factors that contribute to real price growth potential for $XB Token.
- As XBANKING continues to expand its platform offerings and explore new blockchain partnerships, the $XB Token’s role within the ecosystem becomes even more valuable. The team behind XBANKING is focused on enhancing the platform’s user experience, driving additional demand for the token.
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Medium
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XBANKING: Pioneering Non-Custodial Staking, Restaking, and Liquidity Pooling in the DeFi Ecosystem
- XBANKING operates on a non-custodial model, emphasizing client quality & transparency. They offer staking, restaking & liquidity pooling services without clients having to give up their asset ownership.
- They provide non-custodial staking options where clients can earn staking rewards without handing over asset control by partnering with over 40 public blockchains.
- The Restaking feature allows users to compound their staking rewards and instantly reinvest them back into staking.
- XBANKING clients can pool their assets to receive rewards on major blockchain networks.
- The platform is multi-chain compatible which provides clients with the flexibility to access a broader range of assets and portfolios.
- Features like non-custodial services, staking with restaking options, multi-chain integration, and dedicated client support and resources provide clients advantageous solutions within XBANKING.
- XBANKING is continuously innovating and expanding its services by integrating with emerging DeFi protocols, driving innovation in the DeFi ecosystem.
- Through XBANKING, clients can engage in DeFi opportunities securely, totaling control of their assets while earning significant rewards.
- This platform provides users with the ability to diversify their portfolios and enhance yield opportunities across multiple public blockchains.
- XBANKING offers a user-friendly platform with automated features for DeFi enthusiasts and newcomers alike.
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Tokenhell
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Ethereum Crosses $3,000 Following ‘Surprising Change’ in Investor Sentiment
- Ethereum crossed $3,000 for the first time since August, following a surprising change in investor sentiment.
- Investors are optimistic about the growth of Ethereum's DeFi space under the Trump administration as it adopts a collaborative approach.
- Ethereum DeFi tokens, such as Aave and Ethena, have also seen significant rallies in the past two days.
- Investor interest in Ethereum spot ETFs is surging, with net inflows recorded for three consecutive days.
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Medium
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Investors to reape the rewards from XBANKING liquidty pools
- Investors can earn high APRs of up to 32% in XBANKING's liquidity pools.
- Liquidity pools enhance market liquidity and efficiency, providing stability and predictability for investors.
- XBANKING's liquidity pools allow for diversification of investments and offer passive income opportunities.
- Investors have flexibility in withdrawing their assets without penalties and receive governance tokens for voting rights.
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Bitcoinist
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Crypto’s $135M Investment Pays Off: 48 Candidates Backed By PACs Win Nov. 5 Elections
- Over $135 million was spent by the cryptocurrency industry in the 2024 election cycle to support more than 50 candidates.
- All 48 candidates backed by major crypto political action committees (PACs) have emerged as winners.
- Candidates from both Democratic and Republican parties received support from the crypto industry.
- Cryptocurrency companies are increasing their lobbying efforts and aiming for favorable regulations.
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Medium
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Exploring the Future of Gaming with PlayWeb3: Where Blockchain Meets Immersive Experiences
- Web3 represents the next phase of internet evolution in gaming, emphasizing decentralization and user empowerment.
- PlayWeb3 enables true ownership of digital assets through blockchain technology, allowing players to trade, sell, or hold assets with full ownership rights.
- The platform offers cross-platform compatibility, allowing assets and characters to be used across various games and platforms within the PlayWeb3 ecosystem.
- PlayWeb3 incorporates a community-centric approach, allowing players to actively participate in governance and shaping the platform.
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Crypto-News-Flash
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Synthetix Acquires Kwenta to Strengthen DeFi Ecosystem Control
- Synthetix acquires Kwenta to strengthen control over its DeFi ecosystem.
- The acquisition aims to streamline product development, enhance branding, and improve B2B offerings.
- Synthetix regains front-end control to improve user experience and brand unity.
- Kwenta's integration will help Synthetix with B2B products and strengthen DeFi impact.
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Medium
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Exploring XBANKING: Unlocking the Power of DeFi Staking and Restaking
- Staking in DeFi allows users to deposit or “stake” their assets within a blockchain protocol to contribute to the network’s security and operations.
- XBANKING recognizes that traditional staking has its limits, particularly with regards to liquidity and flexibility. Restaking, as introduced by XBANKING, aims to address these limitations.
- With XBANKING, staking goes beyond simply locking up assets.
- The unique concept of "restaking" offered by XBANKING is aimed at boosting staking rewards through a compound growth strategy.
- XBANKING offers flexibility in how often users can reinvest their rewards.
- Restaking is fully automated on XBANKING, eliminating the need for users to manually reinvest their rewards.
- XBANKING’s restaking model offers a number of advantages for users seeking to maximize their returns in DeFi.
- XBANKING’s commitment to transparency, security, and compliance also positions it as a trusted platform within the DeFi landscape.
- As the crypto landscape continues to grow, XBANKING is poised to play a pivotal role in shaping the future of decentralized finance and helping users unlock the full potential of their digital assets.
- For those seeking to make the most of their crypto holdings, XBANKING’s staking and restaking solutions offer a powerful way to harness the potential of DeFi while enjoying a simplified, automated experience.
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Medium
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XBANKING: A Comprehensive Platform for Crypto Growth in a Rapidly Evolving Landscape
- XBANKING is a blockchain-based financial platform that uses Decentralized Finance technology to enable users to manage their financial assets effectively.
- XBANKING consolidates several financial tools such as savings, lending, investing, and payments under one roof without the need for intermediaries.
- With multi-currency wallets and two-factor authentication, users' funds remain safe on XBANKING's platform.
- Decentralized lending, staking, and yield farming are offered on XBANKING, allowing greater returns on investment.
- XBANKING provides low-cost, near-instant cross-border transactions, facilitating global transactions more efficiently.
- With regulatory compliance and advanced cryptography protocols, XBANKING prioritizes users' trust in decentralized finance.
- XBANKING is designed to encourage long-term engagement in digital finance, offering features such as staking and decentralized governance.
- XBANKING bridges the gap between traditional finance and DeFi, making it an entry point for those new to cryptocurrency.
- Based on its core principles, the platform offers accessible, autonomous, and community-driven governance to pave the way for more people to engage in digital finance.
- XBANKING envisions a future where DeFi and conventional finance can coexist, facilitating a smoother transition for individuals and businesses looking to participate.
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Medium
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XBANKING (XB): The Next Frontier in DeFi Innovation
- XBANKING (XB) is a decentralized, blockchain-based platform that delivers banking services in a decentralized framework.
- The platform aims to provide lending, borrowing, payments, savings, and more within a transparent and trustworthy environment.
- Built on smart contract technology, XBANKING uses decentralized nodes and smart contracts to rectify the issues with centralized banking.
- Users interact with the platform through smart contracts, reducing counterparty risks and minimizing the need for intermediaries.
- The platform utilizes the XB token as a utility and governance token, allowing users to participate in platform governance.
- The platform leverages cryptographic protocols to safeguard transactions and ensure user anonymity.
- XBANKING democratizes access to financial services by eliminating geographical or regulatory restrictions, making it accessible to unbanked and underbanked people.
- Users can lend and borrow digital assets directly, microfinance can be initiated, and decentralized savings accounts offer secure interest-bearing savings.
- Going ahead, XBANKING has the potential to grow its user base by integrating with other DeFi ecosystems and traditional financial systems.
- XBANKING is seeking global expansion and may play a role in creating compliant DeFi solutions that co-exist with traditional finance.
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Medium
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Exploring the Evolution of XBanking: A New Era of Financial Services
- XBanking is an umbrella term that refers to the convergence of technology and financial services to deliver user-centric, digital-first banking experiences.
- Traditional banking relies on physical locations and in-person interactions, which although reliable, often come with limited hours, queues, and slow processes.
- The evolution of banking has moved towards online and mobile banking, fintech disruption, and now, entering the era of XBanking which is focused around delivering the best of fintech with banking security.
- XBanking integrates several advanced data analytics, predictive algorithms, and automation tools to offer a proactive approach to financial services that adapt to the user’s needs.
- The technologies driving XBanking include artificial intelligence (AI), blockchain and distributed ledger technology (DLT), big data analytics, cloud computing, 5G and IoT integration.
- XBanking empowers individuals to access and control their finances anytime, anywhere and, allows for a personalized experience where financial services are curated to align with a user’s lifestyle, spending habits, and future goals.
- Businesses benefit from XBanking through streamlined processes and faster transactions, reduced manual labor and errors, the ability to offer embedded financial services directly to customers, creating more engaging customer experiences and building brand loyalty.
- Future prospects of XBanking include continual innovation. XBanking is setting the stage for a future where finance adapts to the user, not the other way around.
- Key trends to watch in XBanking include hyper-personalization, decentralized finance (DeFi), biometric security, and sustainability and green finance.
- The evolution of XBanking represents a paradigm shift in the world of finance. As XBanking continues to mature, the line between financial transactions and daily activities will blur, ultimately revolutionizing the way we manage money and interact with financial institutions.
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Cryptonews
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Tired of Crypto Pushback by Friends and Family? These Aussie Analysts Have You Covered
- Crypto discussions can be challenging, especially with sceptics at family gatherings.
- Swyftx analysts offer insights on crypto's value, emphasizing its speculative nature but significant potential.
- They highlight Bitcoin for its scarcity and as a store of value, potentially outlasting other cryptocurrencies.
- Analysts suggest diversifying portfolios with crypto assets, while acknowledging their volatility.
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