Blockchain Archives - Page 26 of 28

TrueUSD (TUSD) Advances Its Collaborations with Digital Banks as Yield Farming APYs Spike

28Apr

By CryptolifedigitalNo Comments

Blockchain

TrueUSD (TUSD) Advances Its Collaborations with Digital Banks as Yield Farming APYs Spike

TrueUSD (TUSD), the first-ever stablecoin pegged to the U.S. Dollar that is audited in real-time, shares the details of its recent integrations with top-tier crypto-friendly banks. TrueUSD (TUSD) integrated by five fintech heavyweights In 2021-2022, TrueUSD (TUSD) has established itself as a reliable and secure asset for digital transactions; as such, its list of integrations has added new partnerships. Read Also: SHIB Army Burns 1.6 Billion Shiba Within 24+ Hours as Coin Loses 3% Far back in June 2021, the TrueUSD (TUSD) team joined the signature bank, a New York-based full-service commercial bank. Namely, TUSD is integrated into SigNet, a native payment launched by the signature bank. It provides the technical basis for nearly-instant internal and cross-border transfers. ...

Here’s Who Is Behind Majority of NFT Hacks and How Much They Hold

26Apr

By Cryptolifedigital3 Comments

Blockchain

Here’s Who Is Behind Majority of NFT Hacks and How Much They Hold

April will go down in the history of the cryptocurrency market as the month with the highest number of hacks in both the DeFi and NFT industry, as U.Today has covered various hacks, exploits, and scams over the last 30 days. The hacker group Zachxbt is behind the most recent hacks in the industry. Read Also: Here's Why Dogecoin Becomes One of the Top Purchased Coins for BSC Whales. According to the on-chain sleuth, the hacker group behind most NFT Discord hacks in the past few months is currently holding around $4 million in Ethereum in its main wallets. While the amount does not seem significant considering the number of reports in the industry, we should keep in mind that it does not include funds moved through coin mixing solutions, which is most cer...

Nissan and Toyota Enter The Metaverse —With Two Different Approaches

25Apr

By CryptolifedigitalNo Comments

Blockchain

Nissan and Toyota Enter The Metaverse —With Two Different Approaches

Asian car manufacturers Nissan and Toyota make their entry into the metaverse, creating new virtual offices and events for the community. Tinkering with the Metaverse has become a trend among major brands and companies. This time, it has caught the attention of two of the largest automakers globally, Nissan and Toyota. On April 22, Japanese automakers Nissan and Toyota announced their entry into the Metaverse to offer new virtual experiences to their users, organizing digital events and building virtual customer service offices. Read Also: Dogecoin Fan Elon Musk May Buy Twitter This Week: Report According to the Japanese newspaper Nikkei Asia, both companies seek to innovate in the Metaverse, offering immersive exhibitions of their cars through the use of virtual reality ...

Terra’s Stablecoin Added as Base Currency to Binance.US

22Apr

By Cryptolifedigital2 Comments

Blockchain

Terra’s Stablecoin Added as Base Currency to Binance.US

Binance.US has announced adding a new trading pair that allows trading Bitcoin, the largest cryptocurrency, against Terra's red-hot UST stablecoin. The American arm of the Binance exchange is not the first trading platform to introduce UST as a base currency. The Bitrue exchange added the BTC/UST pair in mid-may. Read Also: 3 Reasons Why Some Ethereum Whales Constantly Purchase Shiba Inu Tokens Crypto exchange OKX, one of the top Binance competitors, launched UST-based trading pairs with Bitcoin, Ethereum, and Solana in early April.The main Binance exchange also introduced trading for the BTC/UST pair earlier this month. The third biggest stablecoin UST has gained a lot of prominence in 2022, with its market cap swelling to nearly $18 billion, according to&nb...

Is NFT Industry Dying? ApeCoin Rallies by 30% with No Reasons Again

20Apr

By CryptolifedigitalNo Comments

Blockchain

Is NFT Industry Dying? ApeCoin Rallies by 30% with No Reasons Again

As more funds leave the cryptocurrency market, the NFT sphere is also losing a large portion of investments that were previously pouring into the market and helping random NFT collections to sell out completely. But while smaller collections are slowly dying, ApeCoin, a representative of the BAYC collection, is rallying once again with no fundamental reasons to do so. Read Also: Ethereum co-founder speaks out against attempting hostile takeover Twitter According to the chart provided by TradingView, APE almost reached the all-time high during yesterday's jump to $16.7. Unfortunately, during the day, it retraced to $16.1, failing to reach the new all-time high or test the previous one. Today's APE opening remains above yesterday's closing price, showing that traders...

FLUID TAKES POLYGON AS ITS ULTRA-EFFICIENT BASIC DEFI CHAIN

19Apr

By Cryptolifedigital1 Comment

Blockchain

FLUID TAKES POLYGON AS ITS ULTRA-EFFICIENT BASIC DEFI CHAIN

FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based model to tackle fragmented liquidity in virtual asset markets, today announced that it will collaborate with Polygon as its primary DeFi chain. Owing to its minimal transaction costs and speed, Polygon the leading platform for Ethereum scaling and infrastructure development is an excellent chain for FLUID’s decentralized solution. Polygon is now a top DeFi solution with over 7000 decentralized apps, more than 130 million addresses created on the network, and over 3.4 billion transactions recorded since its inception. Read Also: Cardano Creator Says Cardano Is Just Starting After Adding approximately100,000 New Addresses in Last Month “FLUID’s philosophy to provide ultra-low latency and costs is deeply inte...

Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280

15Apr

By Cryptolifedigital2 Comments

Blockchain

Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280

A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first-ever tweet, which was placed on sale for $48 million a few days ago could end up being sold for just $275 worth of ETH In March 2022, Sina Estavi, a crypto entrepreneur purchased the NFT for $2.9 million worth of ETH through the leading NFT marketplace OpenSea. Read Also: Just On Monday, Athlete On March 14 2022, The Premier Leagues' Management Has Approved Consensys To Be Part Of Its NFT Efforts. This Approval Came During The Most Recent Shareholders' Meeting Of The EPL Board. Last week’s Thursday, Estavi took to Twitter to announce that he has decided to sell the rare NFT. According to the crypto investor, relatively 50% of its proceeds, which he thought would be $25 million, will be donated to charity. Sina E...

DeFi Platform Oasis.app Secures $6M in Series A Funding Round

14Apr

By Cryptolifedigital1 Comment

Blockchain

DeFi Platform Oasis.app Secures $6M in Series A Funding Round

Oasis.app, the platform enabling DeFi users to borrow and multiply their exposure to cryptocurrencies, as well as earn on their assets, has raised $6 million in funding during a Series A funding round led by Libertus Capital. Other investors, including Road Capital and high-profile angels in the DeFi space, also contributed to the funding round. The $6 million in funding was received in both cash and crypto. The funding follows the project’s previous seed of $5 million from UDHC Finance back in June 2021 when Oasis was taken out of the Maker Foundation as part of its dissolution. Read Also: Extreme fear persists as bitcoin strives to recover The Oasis. app team will utilize this latest funding to further develop their product offering, expand their team, an...

Binance paused the Solana withdrawal depending on the network situation.

7Apr

By Cryptolifedigital2 Comments

Blockchain

Binance paused the Solana withdrawal depending on the network situation.

Binance, the world's largest crypto exchange, said it was temporarily suspending all Solana withdrawals due to network issues, stating ''SOL withdrawals may be paused from time to time depending on the network situation.'' https://twitter.com/binance/status/1511997746919747585 https://twitter.com/binance/status/1511997745065873411 In another update, the crypto exchange stated it was aware of the current issues regarding withdrawals on the Solana network: ''Binance is working with the project team to ensure that these issues are resolved as soon as possible,'' the company said. Further details regarding the suspension of withdrawals remain scanty at press time. Traders of crypto futures lost over $400 million on Wednesday as most cryptocurrencies dipped to fresh lows as sto...

Terra staking is now available on Binance

6Apr

By CryptolifedigitalNo Comments

Blockchain

Terra staking is now available on Binance

Binance, the world’s largest cryptocurrency exchange, now allows staking Terra’s UST stablecoin. It is possible to earn up to 19.63% annual percentage yield (APY). The cryptocurrency exchange has announced its plan to launch DeFi staking in August 2020. Initially, it gives room for the users to stake Dai, the native stablecoin of the MakerDAO platform. Read Also: House Bill No. 170 Intends To “Allow A Candidate To Receive Campaign Contributions In The Form Of Cryptocurrency” By Amending And Reenacting Existing Laws. Staking makes it possible for users to earn passive income by locking up their digital assets in a smart contract.As reported by U.Today, LUNA, the native cryptocurrency of the Terra network, managed to reach a new all-time high of $119.18.Terra’s UST is the bigg...