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London, UK, April 19th, 2023, Chainwire After selling out their $16.4m presale, Metacade is now set to list its token MCADE on the well-known centralised exchange BitMart , which boasts over 9 million users . The listing is scheduled to take place on Friday, 20th April, 9 am UTC, at which point registered users of BitMart will be able to buy, sell & trade MCADE tokens. Metacade has seen strong momentum following numerous announcements and milestones. It sold out its huge $16.4m presale early, quickly followed by the 250m token 6-month staking pool selling out in under 5 hours. Furthermore, Metacade also announced a partnership with gaming company Metastudio , leading to a significant buzz amongst GameFi investors. At the time of writing, the price of the Metacade (MCADE) token is $0.0173, with a diluted market cap of over $35m and an average daily trading volume of $500,000 since launch. Russell Bennet, CEO of Metacade, commented: “After listing on Uniswap, we saw sell ord...

Paris, France, April 19th, 2023, Chainwire Swaap Labs, the company building Swaap , has successfully secured over $4.5 million in seed funding. Swaap builds the Next-Generation Market Making Protocol that leverages a combination of oracles and dynamic spread for sustainable yields and reduced trading costs. Its unique approach aims to offer liquidity providers (LPs) passive and profitable market-making strategies, addressing the critical issue of impermanent loss, prevalent in DeFi. Launched in July 2022 on Polygon, Swaap v1 has already proven that profitable market-making on-chain is possible. Its WBTC / WETH / USDC pool, powered by Chainlink price feeds, has recorded less than 0.1% of impermanent loss. Swaap v2 is set to revolutionize the DeFi landscape with its new enhancements and features, further improving v1. It employs the most advanced market-making models in DeFi, built by leveraging the AMM (automated market maker) simulator developed in collaboration with the Louis Bac...

For years, we’ve relied on passwords to protect our personal and financial information online. From banking to social media, passwords have been the gatekeepers of our digital lives. But now, it’s time to admit that the era of passwords is coming to an end. With the rise of advanced technology and the increasing sophistication of cyberattacks, it’s clear that passwords are no longer sufficient to keep our data safe. The problems with passwords are numerous. First and foremost, passwords are easily guessable, hackable, and can be stolen. Common passwords like “password123” or “qwerty” are notoriously weak, and even stronger passwords can easily be compromised by skilled hackers. In fact, studies have shown that more than 80% of data breaches are due to weak passwords according to Verizon’s 2022 Data Breach Investigations Report . Secondly, passwords are a hassle to remember. Most people use the same password across multiple accounts, which means that if one password is compromised...

SEC is targeting DeFi as the battleground of technology and regulation. Gary Gensler’s hardline stance against cryptocurrencies is not something new. Last week, the U.S. Securities and Exchange Commission (SEC) reopened the comment period for public input on proposed amendments to the definition of an exchange. More Trouble for Cryptos The SEC’s revisiting of the exchange definition aimed at including DeFi in its definition of the securities exchange. The proposal is part of a more extensive effort to formalize the regulatory framework for the cryptocurrency industry. There are several important considerations to bear in mind concerning decentralized finance (DeFi). DeFi operates on smart contracts and follows a permissionless model, wherein participants can engage without requiring approval from a centralized entity. Additionally, the proposed amendments by the SEC pertain exclusively to centralized exchanges, which are subject to regulatory oversight. With this stance, there ...

The Ethereum ecosystem looks bullish after the Shanghai upgrade, and staking has seen steady growth. The recent upgrade laid the groundwork for future network scalability and performance developments. The Ethereum network underwent a major milestone after successfully deploying the Shanghai upgrade, also known as Shapella, at epoch 194.048 on April 13. The upgrade released the withdrawal of ETH staking, which had been locked since December 2020. EIP-4895 was an important proposal in this upgrade, enabling the release of a significant amount of staking ETH for Ethereum 2.0 after The Merge. A Lot of ETH is Moving Over 18.1 million ETH, valued at around $34.5 billion at 1.1917 USD/ETH, had been locked and represented 15% of the ETH in circulation. Concerns about the massive withdrawals and their impact on the market amounted before the big event. The entire 18.5 million ETH in staking contract would be withdrawn. Only about 57,600 ETH would be withdrawn daily. Furthermore, major t...

Mahe, Seychelles, April 15th, 2023, Chainwire The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads , has confirmed it will list on BitMart exchange soon . The DigiToads presale has already raised more than $1.35M, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity. The DigiToads (TOADS) Cycle The DigiToads presale, a new ICO, has already raised more than $1,350,000 in the earlier tranches of its presale. The project aims to be a top ICO, building on the successful presale raise which provided substantial discounts for early investors. As soon as DigiToads launches, presale participants will be fully liquid and free to trade on the open market with no vesting. The BitMart Listi...

Toronto, Canada, April 14th, 2023, Chainwire Conflux , the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration. The hope is to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens, and implement incentives that promote liquidity, ultimately increasing the network’s worth and usage. By deploying Uniswap v3 on Conflux eSpace, the Uniswap community gains access to a wider range of trading opportunities with both USD- and CNHC-based pairs. This development is particularly timely in light of regulatory restrictions facing USD-based stablecoins. Furthermore, projects operating in currencies other than USD will benefit greatly from this deploym...