Blockchain Archives - Page 4 of 6

Kraken Starts Waitlist for Their Upcoming Gas-Free NFT Platform

4May

By Cryptolifedigital2 Comments

Blockchain

Kraken Starts Waitlist for Their Upcoming Gas-Free NFT Platform

NFTs’ popularity has soared in recent years, with the market expected to hit a $40 billion valuation in 2021 and continue to grow in 2022. Kraken, a US-based cryptocurrency exchange, is now in the process of building a non-fungible token (NFT) marketplace and is not calling users to join a waitlist for its new NFT platform. Read Also: Shiba Inu Discloses Dates for SHIB Burn Portal Reward Cycle Kraken to Launch NFT Platform On Monday, Kraken announced the launch of a waitlist for its NFT Platform, which they described as a “complete solution for exploring, curating and securing your NFT collection.” The goal is to integrate the trading and storage of NFTs seamlessly. Users’ Kraken accounts will be linked to the platform, allowing them to buy and sell NFTs with either ...

Bored Ape NFT Firm Gets Almost $285 Million in Crypto Payments After Virtual Land Sale: Details

2May

By Cryptolifedigital1 Comment

Blockchain

Bored Ape NFT Firm Gets Almost $285 Million in Crypto Payments After Virtual Land Sale: Details

Yuga Labs, the company behind the "Bored Ape" series of NFTs, has raised approximately $285 million worth in cryptocurrencies through the sale of tokens that represent land in a virtual world game it claims to be developing. Read Also: ApeCoin (APE) Can Now Be Traded with Leverage on Bitfinex Yuga Labs sold "Otherdeeds" NFTs in an online sale on April 30 that it said could be swapped for plots of virtual land in a future Bored Ape-themed Metaverse dubbed "Otherside." The "Otherdeeds" could only be purchased using ApeCoin, the project's related cryptocurrency that was recently launched in March. Other deeds were available for purchase for 305 ApeCoin each, and Yuga labs disclosed in a tweet that they had already been sold out. https://twitter.com/chaoyu69101650/statu...

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. ...

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...

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...

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...

Nested exchange threat and Binance’s measures to manage them

5Apr

By CryptolifedigitalNo Comments

Press Release

Nested exchange threat and Binance’s measures to manage them

It is no news anymore that nested exchanges are preferred by the masses due to enforcing minimal Know – your –customers(KYC) and anti-money laundering(AML) requirements. Maybe operate an anonymous life off the grid, or even something worse than that, this setup is really up to something dubious. Below are the ways how nested exchanges work: https://cryptolifedigital.com/wp-content/uploads/2022/04/AML.jpg Person A visits a nested exchange and decides to trade ETH for BTC 2. Person A deposits the ETH on the nested exchange. 3. The nested exchange sends the ETH to their account/wallet on the host exchange to complete the conversion. 4. The nested exchange returns the newly-converted funds to person A and the trade is complete. Nested exchanges can look ...

Terra(LUNA) achieves yet another all time high, Surpasses XRP

3Apr

By Cryptolifedigital1 Comment

Blockchain

Terra(LUNA) achieves yet another all time high, Surpasses XRP

The price of Terra, LUNA hits its all-time high of $117.70 earlier today. As provided by the coin market cap, the Terra is up more than 7% over the last 24hours. Luna is now the seventh-largest cryptocurrency by market capitalization, bypassing Ripple-affiliated XRP once again. Its current value is $41billion. The governance token of the LUNA network has been on a roll over the past few weeks amid Terra’s speculation Bitcoin buying spree. At the time when the news was been written, the official address of the LUNA foundation Guard (LGF), a non-profit organization established by Terraform Labs, holds almost $1.4 billion worth of Bitcoin. Do kwon Explain As explained by Do Kwon, a co-founder of Terra, he said the main purpose of the hold is to maintain the dollar peg of the Terr...

Inverse Finance hacks result in a loss of $15.6 million.

3Apr

By Cryptolifedigital1 Comment

Blockchain

Inverse Finance hacks result in a loss of $15.6 million.

The hacking incident happened yesterday 2nd April 2022 the inverse finance, an open-source protocol for lending and borrowing that runs on the Ethereum blockchain has been gotten to be $15.6 million. The team says the hack was not related to the smart contract. The attacker was able to inflate the price of the token by taking an advantage of an oracle manipulation bug, this allowed them to borrow millions in different tokens, including the Yearn.Finance(YFI) and Bitcoin (wBTC) on its anchor money market. Etherscan print https://twitter.com/InverseFinance/status/1510282040809299972 Hackers' methodology Most of the funds have been laundered with the help of tornado cash, which makes it hard for the authorities to track down the ill tokens as the Hacker had already dep...

Do Kwon to crash the Bitcoin and broad market

1Apr

By CryptolifedigitalNo Comments

Bitcoin

Do Kwon to crash the Bitcoin and broad market

The bitcoin and the broad request are going to be crashed as the CEO of Terraform Labs, Do Kwon is planning on jilting bags to Zero, sources have verified.According to numerous sources, Kwon, a Korean entrepreneur has decided he wants to crash bitcoin on the consummation that Terra's ponzinomics model is unsustainable.“ He kept going on about how the failure of UST is original to the failure of crypto itself and that no one would be suitable to stop him from crashing Bitcoin because their size isn't his size, ” a source familiar with the matter toldThe Luna foundation Guard lately came the world's alternate- largest Bitcoin holder, this wasn't enough for the whole request, because of this the news also came that the Kwon was reported enlisted as one of the Harkers who stole further than 5...