Articles

Nimiq: Open Source Cryptocurrency & Payments Platform

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Nimiq is a non-profit and open-source project founded by some, developed by many, and owned by none. Instead, it is a decentralized payment system, built on a unique blockchain called OASIS. Nimiq is a blockchain ecosystem for payments, it is designed to make cryptocurrencies easy to use for everyone without compromising decentralization. Since its launch in 2009, Bitcoin was not only a technological idea but also laid the foundation for a disruptive means of transacting value not seen before in the history of humankind. In the past, it was hard to imagine that payments are able to be sent directly from one party to another without going through a financial institution. Nimiq: Crypto for Humans ? As you can see, this brilliant concept has so far fostered a more grand ecosystem with a broad range of ideas and technical solutions. At that time, cryptocurrencies still represented only a small fraction of the global money supply. Platforms that “just work” for non-crypto people...

Binance Acknowledges Mixing Customer Funds

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Binance has admitted not keeping customers’ funds and the platform’s separate, according to Bloomberg report. The cryptocurrency exchange have “mistakenly” mixed some of its Binance-peg tokens (B-Tokens) with customers’ funds into one specific wallet – Binance 8. “‘Binance 8’ is an exchange cold wallet. Collateral assets have previously been moved into this wallet in error and referenced accordingly on the B-Token Proof of Collateral page,” a Binance spokesperson quoted by Bloomberg News. Binance Was Playing Fast and Loose Faced with crisis of confidence following FTX’s collapse in November last year, Binance has since published its wallet addresses and details of its current holdings in efforts to reassure the public about the exchange’s transparency. The exchange recently shared information about all B-tokens. Binance’s Proof-of-Reserve page previously indicated that Binance’s corporate holdings were kept in separate ledger and also backed one-by-one. However, a number of tho...

Archimedes’ Partnership with Origin Protocol Is a Game-Changer for DeFi Players Both Big and Small

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Archimedes is an established and comprehensively audited DeFi lending and borrowing platform. Uniquely, the application aims to deliver real long-term yields with up to 10x collateral-backed leverage for investors. The platform has partnered with Origin Protocol to integrate Origin Dollar (OUSD), DeFi’s first yield-bearing stablecoin. While OUSD already earns higher yield than stablecoin lending on Aave, Compound, and Curve, it now has the ability to be leveraged through Archimedes Finance to further boost yields. As two of DeFi’s most recognized and respected innovators, the partnership between Archimedes and Origin allows users to simultaneously benefit from Origin Dollar’s yield and Archimedes leverage functions. Origin’s robust performance in the ongoing crypto winter and the reliability of OUSD – Origin’s USD-pegged yield-bearing stablecoin – were both instrumental factors in helping the integration move forward. OUSD’s proven peg mechanism has consistently delivered for us...

Where To Buy BitTorrent Coin (BTT) Crypto: Beginner’s Guide

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Before the Tron Network acquisition, BitTorrent was one of the most successful decentralized platforms. The protocol allows users to share files directly without the interference of a central entity. The project’s eventual integration with Tron has further heightened interests, and investors are keen to learn how to buy BitTorrent for its potential growth. This guide will provide a tutorial on how to buy BitTorrent in minutes and why this thriving and rapidly developing TRON-based cryptocurrency is so popular. Where to Buy BitTorrent BTT This section is our top picks of where and how to buy the BitTorrent BTT Crypto token. We chose these based on our experience of using them and considered fees, security, payment options and reputation. Binance: Largest Crypto Exchange with Low Fees Kraken:  Great Exchange for Newbies & Advanced Users Gate:  Solid Platform With Lots of Coins Visit The Top Pick Visit Binance Binance: Reputable Exchange with High Liquidity...

Where to Buy Polkadot (DOT) Crypto (& How To): Beginner’s Guide

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Polkadot is a multi-chain framework platform — similar to Cosmos — designed to facilitate interoperability and scalability of blockchains that can plug into its ‘Relay Chain.’ Polkadot is an ambitious project that leverages a form of proof-of-stake (PoS) consensus for the broader ecosystem of blockchains that are connected to it. Importantly, Polkadot allows data structures — outside of solely blockchains — to connect to the network as ‘parachains.’ Originally conceived by Gavin Wood — creator of the Solidity programming language –, Polkadot is a heterogenous multi-chain framework where parachains operate through a trust-minimized federation structure. The scalability problems of blockchain networks are well-documented, and platforms like Polkadot are striving to become the next generation of networks that foster enhanced scalability and interoperability through expanding the design concepts of public blockchains and standardizing the transfer of data. Read on as we cover this ...

European Union: MiCA (Markets in Crypto Assets) Vote Postponed to April 2023

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The vote on the MiCA (Markets in Crypto Assets) regulation has been postponed from February and looks unlikely to take place until April this year . During the European Economic and Monetary Committee of the European Parliament, the European Union (EU) decided to delay the MiCA’s vote for more than two months. The proposal was originally scheduled for February 2023. Many MiCA Questions The reason for the delay, according to the EU, is that the 400-page proposal needs to be translated into 24 languages officially used in the EU. It was not the first time the vote was postponed. The EU previously changed the vote date from November 2022 to February 2023 for the same reason. The vote is expected to happen in April 2023. The concept of MiCA was kicked off in 2019 but it was pending until a series of incidents rode into the crypto town, forcing global lawmakers to accelerate moves. After two years of several discussions, the EU finally approved the bill last year. Some of the bill’s ...

GTX Seriously? 3AC Founders Return With New Exchange

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Meet GTX exchange – a controversial project backed by controversial figures . Rumors that 3AC founding members Zhu Su and Kyle Davies are part of a new cryptocurrency exchange have circulated on Twitter in the past couple of hours. Accordingly, the two founders of the defunct business are trying to raise $25 million for their new venture GTX. Seriously? A pitch desk shared across Twitter shows that the new project also sees the participation of Mark Lamb and Sudhu Arumugam, the two co-founders of CoinFLEX exchange. Both CoinFLEX and 3AC are linked to the collapse of Terra (LUNA) last year. 3AC announced insolvency in mid-2022 while CoinFLEX suspended customers’ withdrawals, citing the market downturn. The news of GTX’s fundraising marked the return to the market of 3AC founders. The name “GTX,” as suggested in the pitch desk, is made up from “FTX” with the replacement of letter “G.” Interestingly, the team chose it “because G comes after F.” Upon this comeback, GTX is said to ...