Uniswap Survey Finds: DeFi Needs Enhanced User-Friendliness to Attract Retail Customers
Recent research spearheaded by Uniswap Labs has spotlighted the complexity of decentralized finance (DeFi) as a significant barrier to the involvement of retail cryptocurrency enthusiasts. Based on the responses from 1,860 U.S. retail users, the study highlighted the intricate and often confusing aspects of DeFi, which discourage users from engaging with on-chain services like Uniswap. Survey Unveils Deterring Factors for …
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Portals Raises $2M to Streamline DeFi Experience and Democratize Web3 Access
Portals, a groundbreaking platform aiming to simplify the Web3 ecosystem, has recently completed a successful $2 million seed funding round. The round was led by Lightshift Capital, with participation from LongHash Ventures, Daedalus Angels, Poolside, Basement Labs, Mechanism Capital, and notable angel investors such as Emile Dubie, Mathieu Baril, Owl.eth, 0xMaki, Rudy Kadoch, David Dias, and more. Transforming the DeFi …
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Floki Inu Surges After Listing on Binance.US, Becoming Top Memecoin in the Crypto Space
Floki Inu, a popular meme token, has gained significant momentum in the decentralized finance (DeFi) space after being listed on Binance.US, the world’s most widely recognized crypto exchange for U.S citizens. This achievement has led to an increase in social interactions and market activity, making it the leading memecoin in the industry. Listing on Binance.US Sparks Momentum On April 24, …
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Maple Finance Launches T-Bill Pool for Web3 Investors
Maple Finance, a DeFi crypto lender, has launched a new cash management pool for U.S. Treasury Bill yields. The product will allow accredited web3 investors, such as decentralized autonomous organizations (DAO), offshore firms, Web3 treasures, and high net-worth individuals, to access the pool that invests in one-month Treasury Bills with no minimum lock-up period. Yield and Fees The pool will …
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Binance CEO CZ Speaks on CeFi and DeFi at Hong Kong Web3 Festival
Hong Kong is making strides toward crypto and Web3 adoption, as evidenced by recent crypto regulatory actions and Web3-centric events. Binance CEO Changpeng Zhao, known as CZ, recently participated in a virtual interview at the Hong Kong Web3 Festival on Wednesday, where he discussed the future of centralized finance (CeFi) and compared it to decentralized finance (DeFi). CZ’s Comparison Between …
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OKX Launches Metaverse Training Session with Football Star Rúben Días
OKX, a leading blockchain and cryptocurrency exchange platform, recently launched a new Metaverse Training Session with football star Rúben Días. This training session aims to educate users about the world of Metaverse and help them navigate this new virtual world. Learn from Rúben Días Through this training session, users can learn from Rúben Días, a professional footballer passionate about virtual …
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Crypto IRA Account: A Beginner’s Guide to Investing in Cryptocurrency
Cryptocurrency has taken the world by storm, and as more people invest in digital currencies, it has become a popular investment option for retirement. One way to invest in cryptocurrency for retirement is through a Crypto IRA account. In this article, we’ll explore everything you need to know about a Crypto IRA account, how it works, and why it’s becoming …
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Ethereum-based Social Networks and their Potential Impact on Online Privacy
Social media has become an unavoidable part of our lives, and the concept of social networks is rapidly evolving. The emergence of Ethereum-based social networks has opened up new possibilities for online privacy. Ethereum is a blockchain-based platform that enables decentralized applications to run on its network. Social networks based on this platform can provide a greater level of security …
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Sony’s Bold Leap to File a Patent for NFT is Creating Buzz
A new patent application for a non-fungible token from Sony Interactive Entertainment (SIE) is creating a buzz in the digital space. This patent, which represents an important step towards PlayStation’s entry into Web3, is an exciting turning point in the progress of online gaming. In addition to facilitating seamless interoperability between various games, the patent application by the gaming giant …
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Australian Banks Are Ordered to Report on Crypto
Following the catastrophic collapse of Silicon Valley Bank, Australian banking regulators have advised financial institutions to exercise caution when engaging in cryptocurrency transactions (SVB). The Australian Prudential Regulatory Authority (APRA), according to sources, has further asked banks to provide detailed records of every transaction involving cryptocurrencies. This development emerged after a detailed study on the cost of living after COVID-19 …
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