Author: hotcrypto
Kulfi Finance’s protocol will facilitates fixed-rate, fixed-term crypto asset lending and borrowing through a novel financial instrument called wTokens. wTokens are essentially described as transferable tokens that at a specific point in the future, represent a claim on a positive or negative cash flow. The liquidity pools on Kulfi Finance are capitalized by liquidity providers who contribute pToken (Principal tokens) which are effectively interest-bearing assets. These pTokens are used within Kulfi in order to provide liquidity providers with better returns. Liquidity providers, acting as counterparties to the active lenders and borrowers on the protocol, essentially contribute liquidity to liquidity pools…
Chainlink (LINK) creator Sergey Nazarov is detailing his vision for the future of the decentralized oracle network, as well as the future of the crypto industry at large. In a new interview with Bankless, Nazarov says the crypto industry is still in its early days. He points to Chainlink’s success at bringing real-world data into decentralized networks as only the beginning. “I think tokens and ownership, whether they’re equity tokens or utility tokens or NFT tokens (non-fungible tokens), is just the beginning. Our goal with the Chainlink network is to level everything up, and I’m very proud that we’ve had…
The largest bank in Singapore is backing cryptocurrency and blockchain tech despite the regulatory uncertainty and market downturn. According to a new report from the Financial Times, DBS CEO Piyush Gupta says the recent crypto slump shows the need for regulated financial institutions to offer digital asset products. DBS first rolled out its crypto exchange for institutional and accredited investors in late 2020, offering trading services for Bitcoin (BTC), Ethereum (ETH), XRP and Bitcoin Cash (BCH). Earlier this year, Gupta announced plans to further expand its crypto offerings. Now, Gupta says financially regulated institutions can help crypto reach the mainstream public. “You might as well try and…
Cryptocurrency prices were trading with losses. Solana (SOL), Ethereum (ETH), Bitcoin (BTC) and other meme coins fell as of Wednesday morning. Ethereum Classic (ETC) was the most trending coin and the biggest gainer was TerraClassicUSD (USTC). ETC was the most trending crypto and the biggest gainer a day ago, but as of Wednesday morning, ETC remained the most trending crypto but became the top losing crypto. The global crypto market went down by 5.77 per cent to $932.84 billion at 8.30 am. However, the trading volume was up by 33.12 per cent to $86.94 billion, according to Coinmarketcap data. The…
© Reuters Uniglo (GLO), Ethereum (ETH) And Fantom (FTM) Expected For A Parabolic Price Surge This Autumn This autumn could be an interesting time for crypto. With global market conditions worsening, the crypto downturn might last a little while longer. It’s important to point out here that crypto’s recent struggles aren’t in a bubble. They aren’t because of issues with crypto, that still has a huge long-term future. But with people having less money to invest, and global stock prices down, the whole economy is in bad shape. But even despite this overall negativity, there’s still a strong future for…
Paid In Cryptocurrency – What Happens Next? Cryptocurrencies are everywhere, with digital assets from DeFi to NFTs becoming increasingly popular over the past few years. The entire crypto space has become embedded in the fabric of society, with blockchain and distributed ledger technologies now powering entire industries and supply chains. Crypto is now much more than just – and some enthusiasts have even started receiving their salaries in crypto. Celebrities and athletes, including Odell Beckahm Jr. from the NFL, Golden State Warriors players from the NBA, and even the Mayors of Miami and New York City, opted to receive their…
The world’s largest cryptocurrency, Bitcoin, has been trading in a bearish market as the broad-based US dollar maintains strong positive traction. Bitcoin has dropped nearly 6% in the last 24 hours and more than 8% in the previous seven days and appears to be losing value among investors for different reasons. Hawkish Fed Policy and Higher Fed Fund Rate Triggers Risk-off SentimentA bearish trend in the price of Bitcoin could be attributed to the performance of the American stock market, which has been affected by concerns that the Federal Reserve will continue to raise interest rates. This drives a “risk-off” sentiment…
Advertisement     Web3 has the potential to bring extensive innovation to every industry in the world. However, the adoption of web3 is still mostly limited and has not matured enough. The adoption of web3 into the world of cryptocurrency has changed how people look at and understand the industry. That’s why the new crypto Lynqyo protocol (LNQ) has built a platform for the tokenization and decentralization governance of non-physical content, which they believe can be one of the biggest breakthroughs of this century. The protocol has gone through thoughtful consideration and multiple implementations, testnets, and pilots, before…
A renowned crypto analyst and trader, Altcoin Sherpa, has revealed his bullish stance towards Cardano (ADA) and has also given out certain targets for the Ethereum (ETH) and Shiba Inu (SHIB) prices.Cardano (ADA) The analyst informs his 182,600 followers over Twitter that Cardano is currently in an accumulation phase and its bull run could reach the $0.60 area.He pointed out that $0.55 would act as a resistance for Cardano and upon examination, an accumulation can be seen on the higher timeframe.$ADA: I have some friends in this one, it looks decent relative to other alts rn. I dont think this is…
The crypto world has experienced various changes that keep leaving investors glued to their portfolios. For instance, Monero (XMR) and VeChain (VET) were regarded highly in previous years leading up to now. The initial aim of these cryptocurrencies was to achieve great things, just like Bitcoin and Ethereum did. Instead, they have fallen off their high horses and back into the trenches. If you had previous investments in these coins and are looking for a fresh coin to invest in, we would like to introduce you to the Flasko token. Our article will further put a lid over your doubts…