Chainwire, London, UK, December 19, 2024 Harbor announced the launch of “Magic Ramp,” a stablecoin payment system in collaboration with Velocity Labs that connects the SEPA instant payments rail with Polkadot. This collaboration seamlessly integrates TradFi banking systems into Web3, providing efficient and affordable payment solutions. With Magic Ramp, you can send Euros from any bank account and receive USDC on-chain in less than 30 seconds, and receive Euros from your bank account at the same speed with funds held in your Web3 wallet, with minimal fees. For the first six weeks after launch, these bank-on-chain transactions will be free.…
Author: Crypto Flexs
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Stablecoin infrastructure provider M^0 has signed its second integration agreement with Usual, a fast-growing fiat-backed stablecoin issuer. This represents a recent diversification of Usual’s reserves, which were previously backed only by Hashnote, a tokenized money market fund built by DRW’s founders.Usual, launched just four months ago, has set the stage for explosive growth. On Wednesday, its market capitalization surpassed $1 billion, making it the seventh-largest stablecoin. M^0 (pronounced m-zero) has also been showing remarkable growth since its launch early this year. “We have a few expansions in the pipeline,” M^0 co-founder Gregory Di Prisco told The Block. “Putting these deals…
Smart Dex traders and whales sold Worldcoin at an average price of $3.85. If this order holds, WLD may change direction to reverse recent losses. Smart DEX traders and whales sold Worldcoin (WLD) at an average price of $3.85. The Smart DEX trader’s sale occurred at $3.8 and the whale sold at $3.9, indicating a potential profit-making step. There has been a notable lack of substantial buying activity following this sell-off, suggesting traders are taking a cautious approach. After the sell-off, only a few have started to accumulate again, suggesting divided feelings about the medium-term investment potential. Currently at $2.4,…
DUBAI, Dec. 18, 2024/PRNewswire/ – Decentralized finance (DeFi) platform 1inch has announced its integration with Talos, a leading provider of institutional-grade trading technology for digital assets. The collaboration aims to expand liquidity access for Talos customers by integrating 1inch’s decentralized liquidity aggregation capabilities.The integration gives Talos customers access to the 1inch Swap API, which optimizes trade execution by aggregating liquidity from multiple decentralized exchanges (DEXs). By leveraging 1inch’s protocol, Talos customers can benefit from better price discovery and deeper liquidity across the DeFi ecosystem.1inch co-founder Sergej Kunz described the partnership as an important milestone in bridging the gap between institutional…
lawrence jenga December 17, 2024 06:59 Arena of Faith, a web3 MOBA game, has launched Arena of Faith Quest from IMX (Immutable), giving players the opportunity to earn gems and other rewards through engaging gameplay. Arena of Faith, the next-generation multiplayer online battle arena (MOBA) game, has officially launched a new quest feature that will allow players to earn gems as part of the game experience. According to Immutable.com, Arena of Faith, inspired by popular titles like League of Legends and DOTA 2, is now live on the Immutable (IMX) platform. Cross-platform gaming experience…
Reeve Collins, founder of blockchain neobank WeFi, said the number of viable stablecoins will increase as AI agents and account abstraction simplify user management. Users no longer need to actively manage decentralized finance operations or execute complex trading strategies to generate returns. .Collins told Cointelegraph that demand for yield-generating assets such as synthetic dollars, algorithmic stablecoins and other next-generation real assets will increase as simplified user experiences emerge, creating a vibrant product ecosystem.As technical barriers to entry are lowered, these yield holding products will compete for investor attention because they are easy to use and offer yield opportunities. Collins said:“As…
Vilnius, Lithuania, December 20, 2024, Chainwire WhiteBIT, Europe’s leading cryptocurrency exchange, ended the year with noteworthy performance. Recent estimates show the company’s capital has reached $38.9 billion, and annual trading volume has surged to $2.7 trillion, a 200% increase over the previous year. These figures cover all exchange markets (spot and futures) and demonstrate the company’s rapid growth and increasing user trust. For context, WhiteBIT’s trading volume surpassed major players such as Kraken, which has $628 billion in annual trading volume. WhiteBIT’s trading volume exceeds the GDP of countries such as Italy or Canada and approaches France’s GDP of $3…
Classic technical analysis indicators suggest that Bitcoin (BTC) could see additional upside volatility as its price revisits key levels.John Bollinger, creator of the Bollinger Bands volatility indicator, said in a post on X on December 18 that Bitcoin is positioned for a bullish breakout.Bitcoin Bollinger Bands could lead to a “walk up”.Bitcoin, which hit an all-time high above $108,000 on December 17, broke the upper limit of the Bollinger Bands (BB) indicator, a barrier it had not reached since mid-November, data from Cointelegraph Markets Pro and TradingView showed. .According to Bollinger, this is an encouraging sign for Bitcoin. The Bollinger…
Before we get into why beginners need a guide, it’s a good idea to start with what cryptocurrency is. At the most basic level, a cryptocurrency is a type of digital or virtual currency that uses encryption to secure transactions. Unlike traditional currencies backed by governments, cryptocurrencies operate on what are known as decentralized systems, the most widely used of which is blockchain technology. Bitcoin, Ethereum, and other altcoins are small parts of the emerging ecosystem.The main features of cryptocurrency are:dispersion: Cryptocurrencies operate on decentralized networks without using a central authority.Blockchain technology: It is a public ledger that records all…
Chainwire, Zug, Switzerland, December 19, 2024 Acurast, the leader in distributed and confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple App Store. The application gives iPhone users the opportunity to earn rewards by sharing their device’s computing power with Acurast’s decentralized, confidential cloud network. Acurast leverages the advanced processors in mobile devices, allowing regular phones to act as powerful computing providers. With the new expansion to iOS, Acurast’s ecosystem grows larger, welcoming iPhone users to the network that is changing the way cloud computing is done. These changes represent a step…