Despite rebranding as Parallel Finance to focus more on the decentralized finance (DeFi) ecosystem, non-fungible token (NFT) lending protocol ParaSpace will continue to focus on its core product even amid the industry downturn.Yubo Ruan, founder and CEO of ParaSpace (now Parallel Finance), explains in a conversation with Cointelegraph that the protocol uses a combination of multiple liquidity pools, dynamic loan-to-value ratios, and price discovery partnerships to mitigate associated risks. Due to high volatility, there are often not enough bidders for the underlying asset.“Despite the market downturn, we believe NFT margin lending is still viable,” Ruan said. “It serves a niche…
Author: Crypto Flexs
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DevConnectThe week-long Ethereum ecosystem and community gathering concluded its second event in Istanbul. This week, more than 3,500 participants from diverse backgrounds gathered at Devconnect Cowork in Istanbul Congress Center from 13 to 19 November. 70+ in-depth events Organized by an independent team from the Ethereum community. Events were held in various locations across the city and beyond to celebrate the breadth and depth of the Ethereum ecosystem. thank you To everyone who participated in Devconnect! We’re so excited for everyone who was able to join us for an intense week filled with conversations, talks, workshops and real-life connections. I’d…
OKX, the Web3 technology leader, is sponsoring a major event during India Blockchain Week (IBW) scheduled for December at the Sheraton Grand Whitefield, Bangalore. As part of this week-long initiative, OKX will support Polygon Connect and ETH India, in addition to co-hosting both developer mixers. IBW is India’s leading Web3 and blockchain gathering, bringing together industry influencers to represent the latest developments in Web3. Ankit Bhatia, Director of Product (Web3) at OKX, will deliver a keynote address at Polygon Connect. It focuses on OKX’s Web3 solution leveraging the Polygon Chain Development Kit (CDK), with a particular focus on X1, the…
In the ever-evolving world of cryptocurrency, the concept of a “store of value” has gained prominence. A store of value is an asset that can maintain its value over time and provides a hedge against inflation and economic uncertainty. Bitcoin, often referred to as digital gold, has emerged as a pioneering store of value in the cryptocurrency space. But you’re not the only player in the game. Binance Coin (BNB), originally created as a utility token for the Binance exchange, has also shown potential as a store of value. In this article, we will explore and compare the characteristics, strengths,…
Posted 1 minute ago In ~ Asset management giant BlackRock filed an amended S-1 filing with the Securities and Exchange Commission for its proposed spot Bitcoin ETF on Monday, and Bitwise followed suit with a similar move. Regulators have yet to approve a spot Bitcoin fund and have postponed all applications received so far, but analysts said the move could be a sign that discussions are underway. “They’re just pouring in,” said Bloomberg Intelligence analyst James Seyffart. wrote on. “There are other seats #bitcoin BTC +4.38% The ETF S-1 (Prospectus) amendment was announced tonight. Taken from @BlackRock. “The SEC is…
Riot announced its largest hashrate purchase, with 18 EH/s supplied from MicroBT. The cost of 66,560 latest generation M66S model BTC miners is $290.5 million. Riot’s stock price rose following this news, trading above $15 on Monday, December 4th. Bitcoin mining company Riot Platforms, Inc. (NASDAQ: RIOT) announced the purchase of more than 66,000 miners from Bitcoin mining hardware manufacturer MicroBT. This purchase adds to the 33,280 miners Riot secured in previous contracts. Riot CEO Jason Les said it was the company’s largest to date. press release. Riot Purchases 18 EH/s Miner from MicroBT According to the mining company, the…
Replaced by fees – What happens if two or more transactions are processed (“hit”) by RBF? – Bitcoin Stack Exchange stack exchange network The Stack Exchange network consists of 183 Q&A communities, including Stack Overflow, the largest and most trusted online community for developers to learn, share knowledge, and build their careers. Visit Stack Exchange log in Sign up Bitcoin Stack Exchange is a question and answer site for Bitcoin users, developers, and enthusiasts. It only takes 1 minute to sign up. Sign up to join this community Anyone can ask questions Anyone can answer The best answers are voted…
The cryptocurrency analyst who runs the YouTube channel Crypto Capital Venture is very bullish on Bitcoin and the broader cryptocurrency market, but warned viewers not to get too excited by the recent price surge. “I am optimistic. I am very optimistic,” an analyst who goes by the name Crypto Capital Venture said in a YouTube live video on Sunday. Those of you who have watched my YouTube channel will know that if you zoom out and look at the Bitcoin chart, the weekly Bitcoin chart will probably come in January 2023, which is early this year. , which meant that…
Symbiogenes, Square Enix’s first blockchain gaming project, has released its first batch of Ethereum NFT heroes, and the names of the characters are curious to say the least. But they are selling.One person dropped $1,200 worth of ETH for an NFT character named “Egg,” while another spent over $500 for a hero named “Egg.”hunger.” Since Egg and Starvation are not physically similar to their respective meanings, it feels like the names were either spit out by an AI name generator or the beginning of someone’s cryptocurrency wallet seed phrase.“kennel” She seems much more ready to start a punk rock band…
A cryptocurrency trading veteran expects two altcoins to continue to perform well alongside the Bitcoin (BTC) ecosystem as digital asset markets grow stronger. Household trader The Flow Horse informs his 188,000 followers on social media platform X that he will be building a position in Stacks (STX). Stacks is a project that aims to enable decentralized finance (DeFi), non-fungible tokens (NFTs), and other decentralized apps to be built on top of the Bitcoin network. The merchant said, “I started building a position at STX, also known as Ape Most, and expanded it as much as I could. From a higher…