DeFi

Singapore, Singapore, July 23rd, 2024, Chainwire A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike. The Future of Decentralized Credit Markets Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield…

The post Trader Says Ripple, Dogecoin, and this DeFi Gem Will Surge Not to $1 but to $100 appeared first on Coinpedia Fintech News Though Ripple (XRP) and Dogecoin (DOGE) have been favourites among investors, another promising DeFi gem—RCO Finance (RCOF)—is expected to become one of the top assets soon. According to market analysis, experts anticipate that the value of this DeFi gem will surge not just to $1 but to an astonishing $100. This is due to RCOF’s unique…

Layer 1 blockchain for data, Flare announced that SparkDEX will deploy its DeFi hub on the Flare network, featuring an Automated Market Maker (AMM) and perpetuals protocol. The SparkDEX DeFi Hub is a “friendly fork” of Polygon’s leading exchange QuickSwap, and is backed by the QuickSwap community. It includes a high-performance decentralized exchange (DEX) and an on-chain perpetuals platform with up to 100x leverage on trades. SparkDEX will leverage Flare’s data protocols for decentralized data access. The platform’s future updates…

The post Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins  appeared first on Coinpedia Fintech News According to Mark Cuban, Silicon Valley’s support of Donald Trump is due to Bitcoin. This has provoked much discussion among people who work with digital money. In light of this, whales are accumulating different DeFi tokens because they expect them to bring in huge profits. Therefore, we are going to look at five DeFi tokens –…

Venga, the self-styled “all-in-one” crypto app that’s looking to help onboard more people into the wonderful world of Web3, has announced that former Nebeus Chief Operating Officer and Head of Product Michael Stroev has taken over as its new Chief Executive.  In his new role at Venga, Stroev has been tasked with leading the company’s efforts to bridge the innovations of decentralized finance with the traditional financial industry, in order to accelerate the adoption of Web3.  Venga believes it can…

Avant Protocol is set to launch on Avalanche and will offer a platform for yield generation, reshaping DeFi in the crypto space. AVAX has recovered in the past 24 hours to post a 5% gain after losing nearly 20% last month, with longer-term holders increasing their positions. The Avalanche ecosystem continues to grow aggressively—in the past week, its total value locked (TVL) has shot up 10% to hit $816 million. Avant Protocol, the latest DeFi project on Avalanche, is hoping…

The post Crypto Hacks Weekly Report: DeFi and Celebrities Under Attack! appeared first on Coinpedia Fintech News This week’s Crypto Hack Weekly Report brings to light the latest hacks and vulnerabilities shaking the crypto world. From breaches in prominent platforms to the exploitation of celebrity accounts, these incidents have created significant ripples in the community. Here’s a detailed look at the major hacks and the countermeasures taken. It’s going to be heavy for sure! 1. Dough Finance Issues Ultimatum After…

The post Crashr: Crashing DeFi Trading With Community and Innovation appeared first on Coinpedia Fintech News Crashr is trying to crash the NFT chain by disrupting traditional trading and simplifying digital asset transactions. Founded by Samiz Bayan, a USC graduate with many years of experience in Web3, Crashr is a new form of digital trading that diversifies assets and asset ownership. Bayan’s vision is for buyers and sellers to quickly and effortlessly trade with each other, leveraging blockchain’s security regardless…

Ethereum scaling network Starknet has launched Chainlink Data Feeds on its mainnet to enable developers to build scalable and secure DeFi applications. Starknet has been working with Chainlink for over a year as a member of the SCALE ecosystem where its tokens covered some of the operating costs for Chainlink’s oracle nodes. Starknet, a secure scaling technology catering to the Ethereum community, has integrated Chainlink Data Feeds on its mainnet, ushering in a new era for its DeFi community. Starknet…