ALTCOIN

Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection Due to Hostile Market Conditions

[ad_1] Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the program when liquidity providers need the protection program the most. Bancor reiterated that the pause would only be
Business

Avalanche (AVAX) price drops 45% in a month and data points to further downside

[ad_1] Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies' total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits and active addresses. Yet, the lackluster token price is still causing investors to rethink whether the network remains a
Business

Colombia’s new president seems to be a fan of Bitcoin

[ad_1] Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies.Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017 shortly after a major bull run to speak on the “strength” of Bitcoin (BTC). Petro
Business

Why cross-chain interoperability matters for DeFi

[ad_1] The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without
BLOCKCHAIN

Bank of Israel experiments with central bank digital currency smart contracts and privacy

[ad_1] On Monday, the Bank of Israel released the results of a lab experiment that examined user privacy and the use of smart contracts in payments. This was the central bank’s first technological experiment with a central bank digital currency (CBDC).The first stage of the experiment modeled the sale of a car within a two-tier system with an intermediary payment service provider. The bank said that the service provider completed
Bitcoin News

Hublot Now Accepts Shiba Inu and Other Cryptocurrencies

[ad_1] Hublot, a Swiss luxury watchmaker, has announced that its newly released 200 limited-edition watches can now be purchased online via BitPay, using cryptocurrencies such as Shiba Inu and Bitcoin. According to a tweet from Hublot, this method of payment is only available to consumers of the Hublot United States eBoutique. The tweet from the official Hublot Twitter account reads, “Introducing the new #BigBangUnico Essential Grey, a limited edition
Business

Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?

[ad_1] There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation. Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste. The purest among us might see a silver lining as the devastation clears the forest
ALTCOIN

Vitalik Buterin Believes Bitcoin S2F Model Gives a False Sense of Certainty

[ad_1] Vitalik Buterin, the co-founder of Ethereum, has recently criticized the controversial Bitcoin Stock-To-Flow (S2F) model that was popularized by PlanB, a pseudonymous Dutch institutional investor. This controversial Bitcoin S2F model garnered attention during BTC's bull run, where it was spot on with several price predictions. However, the model also made some incorrect predictions a few times during the bull run. In a recent tweet on the popular social media platform Twitter, Buterin