DeFi News Today Official TheBitTimes.com

By publicly recording credit history , Creditcoin reduces information asymmetries between borrowers and lenders, helping to secure capital financing, build a credit history , and facilitate trust for millions of underserved financial customers and businesses across emerging markets . When Creditcoin initially announced its move from Sawtooth Hyperledger, they told  that this migration would allow them to fulfill its ambition of creating an enterprise-grade blockchain capable of delivering loans to millions of people. With the completion of Creditcoin 2.0’s beta, we can say with confidence, that its leap of faith paid off. “The release of 2.0 marks a new beginning for Creditcoin. By laying a stronger foundation capable of delivering real-world performance, Creditcoin is now ready to integrate with credit partners around the world and deliver on our vision to improve emerging market finance. Our work doesn’t stop with Creditcoin 2.0, though. Far from it. We can now focus on realizin...

PlaySky provides various services such as NFT minting, games releasing, and one-step NFT trading Features and more for you to explore! With PlaySky’s unique financial mechanism and game rewarding system, you will be the real masters in your games! PlaySky is a sustainable GameFi ecosystem where users can truly play to earn. Palmare Partners with PlaySky, each user profile is a token itself. Users create a profile on the app, for which they will mint an ID’d profile NFT. This NFT controls the profile, and thus, its owner becomes the controller of the given profile. Their app will provide social graph and earning Features for Crypto fans and Non-crypto Users. They focus on three types of Earning: Train to Earn each sport you participate in can help you earn by burning calories (for riding a bike or any of your favorite sports) Engage to Earn users contribute content to the sports community and earn back from social engagement (include like, share, follow…) Check in to Earn Wh...

The key details of Sealem Donation are as follow: Whitelist will open on: 17:00 pm (GMT+8) 22nd June 2022 Whitelist will close on: 17:00 pm (GMT+8) 27th June 2022 Donation will open on: 17:00 pm (GMT+8) 28th June 2022(ETA), block heights: 19137083 Donation will close on: 17:00 pm (GMT+8) 30th June 2022 50,000 BUSD of $ST will be available through the Donation. The donation pool details are as follow Max donation: 500 BUSD Price of per $ST: 0.4 BUSD Currency: $BUSD Donatio Type: ST Token Network: BSC Blockchain Total addresses for whitelist : 1000 Tasks that you need to complete Sealem Lab & PlaySky Whitelist in order to be qualified as a Donation participant, you will need to and submit your BEP20 wallet address and complete required tasks on our LaunchPad page https://playsky.io/#/launchPad/details?id=56 1. Your email address 2. Twitter handle(Username) 3. Telegram handle(Username) 4.Discord handle(Username) 5. BSC wallet address 6. Follow https://twitt...

Binance Custody is a fully regulates and compliant virtual asset custody platform. On top of securing funds to the highest possible standard, Binance Custody provides Liquidity solutions to institutional clients through Cold Convert, Binance Mirror, and Share Wallet. By partnering with Binance Custody, DAO Maker has access to world-class security and digital asset management technology. “DAO Maker is honored to be onboarded on Binance Custody services. Binance has always pioneered the crypto industry so we’re happy to be part of this journey with them. We strongly believe that this onboard will bring the security and management of our token to the best standard.”— Chris Zaknun, CEO of DAO Maker DAO Maker aims to redefine Venture capital by making it accessible to the masses. We are on our way to achieving that with more than 170.000 users KYC’d and users spread around 158 different countries. DAO Maker has consistently onboarded market-leading projects onto the pla...

Over the last few months, one of the focus areas for the Fuse team has been boosting the interoperability of the Fuse Network blockchain with other networks in a user-friendly manner. One prong of this process has been  securing integrations with platforms that aggregate decentralized exchanges (DEX’s) and cross-chain and multi-chain bridges to offer users the possibility to see all the available routes for their desired cross-chain asset transfers or swap. The latest boost to Fuse’s connectivity comes from the integration with the major  Via Exchange  cross-chain router. One aggregator to unite them all Via is a platform focused on supercharging interoperability among public blockchains. It aggregates not just decentralized exchanges (DEX’s) and multichain and cross-chain bridges but also other DEX and bridge aggregators , including Li.Fi and Rango. Via can automatically scan  over 70 DEXs across 25 networks and 21 of the most popular cross-chain bridges . It can automatically...

With a privacy stack for developers of decentralized applications on chains compatible with the EVM, Arcana Network serves as Ethereum’s storage layer. Like on AWS/GCP, developers can configure their storage needs by selecting a region for their app’s storage. The Arcana storage network comprises clusters of storage nodes organized by regions or according to the node’s precise location. Developers can then select the upload/download method with the lowest latency for their users’ data. Furthermore, before being uploaded, every file is client-side encrypted on the Arcana storage network. These storage nodes are unaffiliated third parties that give the network storage and bandwidth in exchange for a reward paid out in the native currency of the network, $XAR. “Arcana offers a distributed data store. We put in place a system to make sure that any incentive given out is just and corresponds to the actual storage and bandwidth any storage node actually provides. SupraOracles is expect...

Shiba Inu (SHIB) has been around for more than two years now. The canine-themed crypto project celebrated its second anniversary on the 1st of August. In its two short years of existence, the project has, without a doubt, come a long way. It is often termed as “memecoin,” but given its rapid rise and venture into different industries, the token might just lose that name for itself. 2022 in particular has been a year of immense growth for Shiba Inu. Although the year has been harsh for the larger crypto markets, SHIB included, the project has done well in terms of listings, collaborations, and product launches . With that said, let us take a look at the industries that SHIB has ventured into over the past two years. Shiba Inu in the Food industry Earlier in February 2022, Shiba Inu got its very own restaurant after a partnership with Welly’s. Welly’s is a restaurant based in Naples, Italy. The restaurant is fully branded with SHIB logos and merchandis...

The Federal Bureau of Investigation (FBI) has released a public service announcement in light of increased pig butchering crypto scams. The announcement was made by the FBI Miami Field Office, in coordination with the Internet Crime Complaint Center (IC3). Pig butchering schemes are becoming increasingly popular lately. The Delaware Department of Justice recently froze accounts of several entities involved in pig butchering. The scam is another kind of “romance scam.” Criminals target lonely individuals on the web and manipulate them for money, or crypto . This type of scam began in South-East Asia, and translates to the Chinese word “Shāzhūpán.” It refers to a farmer fattening up a pig before slaughter. Similarly in the crypto space , a victim is warmed up with false promises of love and romance, and then their funds are stolen. The FBI announcement noted that, “fraudsters make contact with their victims on various social media or dating applica...

DForce Community October Update covering Tinnetwork supports dForce on BSC, Ethereum, Polygon, Arbitrum Optimism, Kava & more. In October, dForce recorded a TVL of $197.7m, with 60.2% parked on Arbitrum, 20.6% on Binance Smart Chain, 7.0% on Ethereum, 5.9% on Optimism, 2.2% on Polygon, 2.0% on Avalanche, and 2.0% on Kava. USX As of 31st October 2022, the total circulating supply of USX is $159m, with 70.4% of liquidity currently parked on Arbitrum, 10.7% on BSC, 6.4% on Optimism, 6.2% on Ethereum, 2.5% on Kava, 2.5% on Avalanche, and 1.3% on Polygon. Lending In October, dForce Lending recorded a total supply of $95.3m, with 54.1% on Binance Smart Chain, Arbitrum 15.7%, Ethereum 13.2%, Polygon 9.8%, and Optimism 7%. Revenue dForce recorded an  Annualized Platform Revenue  of $949K in October, with 35.2% generated on Binance Smart Chain, 26.7% on Polygon, 17.3% on Optimism, 14.5% on Arbitrum, and 6.4% on Ethereum. Liquidity Mining dForce has ongoing liquidity mining initiatives on Et...

In the context where staking has taken center stage, Thrupenny, a decentralized financial ecosystem announced the launch of its staking functionality. The addition of this new feature will facilitate the users with a secure and user-friendly way to earn rewards for participating in the platform’s governance and supporting the growth of the ecosystem. Elaborating more about this new feature, the CEO of Thrupenny, Alvis Leong, stated: We are thrilled to bring staking to our users and continue our mission to democratize finance. This new functionality is an important step in our journey to empower individuals and communities to take control of their own financial futures and we look forward to continuing to serve our users and grow our community. Additionally, Thrupenny’s platform provides users with secure storage, trading, and management of digital assets, as well as access to a range of DeFi services. These services include lending and borrowing, allowing u...

Arbitrum’s Growing Ecosystem On February 19, the number of daily transactions on Ethereum’s L2 network Arbitrum , reached a new all-time high of 690,000, as indicated by the data fetched from the blockchain. Despite this, its record is still lower than that of its competitor, the Optimism L2 network. When Optimism began rewarding its customers with an NFT Quest program at the beginning of January, the platform’s daily transaction volume skyrocketed to an all-time high of over 800,000. advertisement Read More:  Check Out The Top 10 DeFi Lending Platforms Of 2023 However, according to data provided by L2Beat, the number of transactions carried out on the Arbitrum chains Nova and One increased by a respective 170.22% and 68.89% in the past week. Additionally, the unique addresses for the network have also seen a significant uptick in the past couple of months. Arbitrum Unique Addresses The L2 network has experienced unprecedented level...

After the attack, the Aragon Association canceled plans to give ANT holders DAO voting rights. Aragon, an open-source platform for decentralized autonomous organizations (DAOs), has canceled plans to offer its native Aragon (ANT) token holders voting powers over the organization’s future. In a May 9 tweet, the Switzerland-based Aragon Association claimed it performed its “fiduciary duty” by “repurposing the Aragon DAO as part of a new grants program” to protect its treasury and mission. After the “Risk Free Value (RFV) Raiders” attacked the recently formed Aragon DAO with a 51% attack, the decision was made to manipulate ANT for financial benefit. Today, the Aragon Association fulfilled its fiduciary duty to secure its money by converting the DAO into a grants program. Today, the Aragon Association acted on its fiduciary duty to secure its treasury by repurposing the Aragon DAO into a grants program. This is a respo...

Aug 26, 2023 at 09:23 // Price Author Coin Idol Cryptocurrency price Analysis brought by Coinidol.com. The BNB price has fallen below the previous low of the cryptocurrency. BNB price long term forecast: bearish During the recent decline, the altcoin was expected to reach a low of $196.70. According to the price action, BNB has fallen to a low of $203 as the bulls bought the dips. If the current support is broken, the market will fall to the 1.272 Fibonacci extension or $196.70. The bears broke the previous low of $220 and hit a new low of $203. Toda...

Where to Store Ethereum Safely: A Comprehensive Guide ‍Cryptocurrencies have gained immense popularity in recent years, with Ethereum being one of the leading players in the market. As an Ethereum investor, it is crucial to understand the importance of securely storing your ETH assets. In this comprehensive guide, we will explore the various options available for storing Ethereum safely, ensuring that your investments are protected. So, let’s dive in and discover the best practices for storing your valuable Ethereum assets. Also read: Ethereum’s Vitalik Buterin Moves 600 ETH to Coinbase, What’s the Motive? Source: Forbes What is an Ethereum wallet? Before we explore the safest ways to store Ethereum, it is essential to understand what an Ethereum wallet is. An Ethereum wallet is a software application or hardware device that allows you to interact with the Ethereum blockchain and manage your Ethereum-based assets. Think of it as a digital wallet that enables you...