The global adoption of cryptocurrencies has been on the rise, with an estimated 420 million users worldwide as of 2021. This exponential growth has driven a surge in demand for secure and efficient payment processing solutions that cater to the unique characteristics of digital assets. Traditional payment methods are often ill-suited to handle the nuances of crypto transactions, prompting the …
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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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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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Decentralized Finance, or DeFi, is a rapidly growing sector in the blockchain and cryptocurrency space. However, one of the biggest challenges that DeFi faces is how to obtain reliable and accurate data from external sources, which is necessary for smart contracts to function properly. This is where oracles come in. In this article, we will explore the role of oracles …
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The increasing recession in the world has affected almost every growing company and the employees working in it, resulting in many hardworking and talented people losing their jobs. Cryptocurrency platforms are now not untouched by this recession. A handful of popular Crypto exchange platforms, including Huobi, Coinbase, SuperRare, and Genesis, are all set to cut off their workforce to recover …
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Today, bankrupt cryptocurrency lender Voyager Digital Ltd. said cryptocurrency exchange Binance.US, the American branch of cryptocurrency exchanges Binance Ltd has agreed to buy its assets. This will pave the way for the restoration of client funds. Based on the expected fair market value of Voyager’s cryptocurrency portfolio at a predetermined future date plus $20 million in added value, the purchase …
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