DeFI News by Thebittimes.Com

The team behind the largest decentralized crypto exchange (DEX) by trading volume is confirming the launch of its highly-anticipated layer-1 blockchain Unichain. In a new blog post, Uniswap Labs says that, after the successful public testnet phase of the Unichain launch, the launch of a public mainnet is the next step. The firm says Unichain will begin its transition to mainnet on January 6, 2025. “The next major milestone focuses on decentralization, which is core to Unichain. Mainnet will go live with Permissionless Fault Proofs on day one, allowing anyone to verify the chain’s activity. This process will begin on January 6, 2025, when Unichain Sepolia will undergo planned maintenance to enable Permissionless Fault Proofs. Once the new system’s safety and stability are validated, mainnet will be open for everyone! Users will be able to bridge funds directly to the network, and applications supporting Unichain will go live. Rollup-Boost will go live on mainnet...

Pyth Network, a financial data oracle network, has announced the launch of Pyth Price Feeds and Entropy on Sei V2, as per the information shared with Finbold on May 27. This advancement allows developers on Sei V2, the first parallelized Ethereum Virtual Machine (EVM) designed to offer developers enhanced flexibility and scalability , to access over 500 real-time price feeds for digital and other major asset classes, as well as a secure and reliable source of on-chain random number generation. Real-time Pyth data on Sei V2 The Pyth Network’s pull oracle for price feeds provides Sei users with permissionless access to low-latency price updates on-chain, which is crucial for securing next-generation apps in decentralized finance (DeFi).  Picks for you Donald Trump now holds $10 million in crypto 3 hours ...

The Gemini exchange, founded by the Winklevoss twins, has obtained approval from regulators to launch its service s in France.  According to reports from CNBC, the Autorite des marches financiers (AMF) approved the exchange today as a virtual asset service s provider.  The company aims to fully operationalize its platform for French users in the upcoming weeks after completing the necessary preparatory steps. Upon its official launch in France, Gemini will offer its users the opportunity to trade an array of over 70 different cryptocurrencies. This will be accessible through both its website and mobile application, alongside the provision of its more sophisticated ActiveTrader platform. Salut! We are thrilled to announce Gemini has been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Following the launch of our EU headquarters in Ireland in 2022, Gemini is now… pic.twitter.com/OXt1CfPh9t ...

James Seyffart, an analyst at Bloomberg Intelligence, reports that the American asset manager, VanEck, has submitted their fifth S-1 Amendment for their spot Bitcoin ETF.  The updated filing reveals their ticker $HODL. Seyffart also described a few highlights in the amendment , including the create or redeem language within the S-1 filings encompasses both in-kind and cash, which he suggests may be a trend in retaining this optionality.  Update: @vaneck_us has submitted an S-1 Amendment for their spot #Bitcoin ETF. They’ve been trying to launch this thing for so many years that it’s amendment number 5 for them. pic.twitter.com/hBugrf8NVK — James Seyffart (@JSeyff) December 8, 2023 However, at the same time, Seyffart noted that 19b-4 approvals might initially limit creations to cash, pending potential updates for confirmation. For this reason, there is still ongoing anticipation for further clarity. At the end of October, VanEck submitted an amended application for a spot...

Circle published a new standard that allows developers to launch an unofficial bridged version of USDC that can later become native and official. Circle has launch ed a new standard to streamline the process of launch ing its stablecoin, USDC, on new networks , according to a Nov. 21 blog post.  The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the third-party developer has control of the token contracts, and the token on the new network is backed by a native version on another network. In the second phase, Circle takes control of the contracts, and the token becomes backed directly by Circle’s reserves. The second phase may not occur with all deployments. Introducing Bridged USDC Standard, a new way to expand access to $USDC & reduce fragmentation. EVM blockchain & rollup teams can now deploy a bridge d USDC token contract with optionality for Circle to seamlessly upgrade to native issuance in the future.h...

Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies.  Dtcpay reportedly entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International. The aim is to establish a privacy-protected digital payment infrastructure. #dtcpay is proud to be joining forces with @PlatON_Network , a privacy-preserving digital public infrastructure provider, and @allinpayintl , a globally recognized #Fintech #payments solution. Read the full announcement here: https://t.co/Aqcyd19HRO #Web3 #Crypto — dtcpay (@dtc_pay) November 9, 2023 The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).  Previously known as the Digital Treasures Center, Dtcpay has made a name for itself offering st...

TIA token, the native asset of the modular blockchain network Celestia, has been the top trending token on several social media and crypto platforms. The recent boost in its popularity coincides with Celestia‘s launch of its mainnet beta on Oct. 31, heralding the beginning of the modular blockchain era. According to CoinMarketCap data, the token started trading on the same day. The recent developments led to a surge in social discussions on CoinMarketCap, Twitter, Telegram, and Santiment.  TIA price – Nov. 1 | Source: Santiment Moreover, TIA currently holds the position as the most popular asset on CoinMarketCap. According to Santiment data, discussions about the token have seen a significant surge in the last 24 hours on X (formerly Twitter), where it now ranks among the top trends, alongside terms like “Celestia airdrop.” Telegram and 4Chan have also experienced a notable increase in mentions of TIA. You might also like: Global watch...

With the update, the project wants to help FLR holders secure and contribute to the ecosystem. Flare, a layer-1 solution that enables using smart contracts on the XRP network, has rolled out a public staking service for FLR token holders. Flare public staking is live: https://t.co/ZB0AaH7sFZ Learn everything about delegating FLR stake with #FlareStake. ️ pic.twitter.com/EsqWng7KCv — Flare ️ (@FlareNetworks) October 29, 2023 In an X thread on Oct. 29, the Flare team said the launch is part of the transition to a proof-of-stake consensus model. With the dedicated staking platform, FLR holders users can delegate their token s to validators in a bid to support them in contributing to the ecosystem, the developers said. You might also like: Flare brings blockchain API to Google Cloud Marketplace At launch, users could only stake FLR with Avalanche application set on their Ledger hardware wallets. However, the developers promise to add other staking options in the f...

Key takeaways BitGo and Swan will work together to launch a new trust company. The Bitcoin-only trust company will offer custody without exposure to the other cryptocurrencies. BitGo and Swan to launch a new trust company Crypto custodian BitGo and bitcoin financial services firm Swan have announced plans to launch a Bitcoin-only trust company .  According to the  press release published on Thursday, the Bitcoin-only trust company will offer custody without exposure to other digital currencies. The trust , which will be launch ed following regulatory approval, will combine BitGo’s custody capabilities with Swan’s expertise in fraud prevention and onboarding.  The companies said it would be the first Bitcoin-only trust company in the United States. BitGo CEO Mike Belshe said,  “We believe the best model for the Bitcoin industry is the same battle-tested model that has been part of the US financial industry for ...

Binance said it will provide ten free chances for users to generate artwork every day. Crypto exchange Binance’s nonfungible token (NFT) arm announced the launch of its artificial intelligence (AI) NFT generator that lets users produce custom artworks using AI technology.  On July 26, Binance NFT said its AI NFT generator dubbed “Bixel” is now permanently available for its users . According to the trading platform, the tool allows users to generate unique digital art and join the world of NFTs. However, those who wish to use the tool are required to complete the platform’s know your customer (KYC) identity verification process. Binance explained that:  “This critical measure is in place to maintain a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.” In addition, those who wish to mint NFTs using the tool are also required to pay a minting fee of 0.008 BNB (BNB), which is around $1.9 at the time of writing. According to Bina...

The project provides a decentralized and private way to verify human identity online amid the rise of artificial intelligence technologies. Worldcoin (WLD), a project partly created by OpenAI CEO Sam Alman, launch ed the token that will be used within the project's ecosystem on July 24.  The project has continuously split opinions from within the crypto space up to Silicon Valley, with some praising the project’s ambition to some calling it “creepy” and “dystopian.” Despite these comments, the project continues to pursue its goal of solving income inequality and online identity authentication. It's time. 24.7.23 pic.twitter.com/9oHW4DIMJX — Worldcoin (@worldcoin) July 23, 2023 The project was first launched back on March 14, along with a waitlist for its software development kit (SDK). According to its team, the World ID will function as a global digital passport that users are able to store within their phones. The project also claims that the World ID will also provide p...

Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August. Coinbase’s Base mainnet is now “open for builders,” according to a July 13 blog post from the network’s development team. The team is opening the network to builders ahead of its public launch to allow more time  for user onboarding. Base also announced that the public launch of the network will occur in August. Since our testnet launch, we’ve connected with incredible builders and watched their projects thrive on Base. Now it’s time to take the next step: Base mainnet is now open for builders.https://t.co/YvlQxquhvY — Base ️ (@BuildOnBase) July 13, 2023 Coinbase announced the creation of the Base network on Feb 23. The team claimed that the network would be a layer-2 of Ethereum and would use the OP Stack software used by Optimism. The announcement was celebrated in the Ethereum community, as many users saw it as a ‘massive confidence vote’ for Et...

Join Our Telegram channel to stay up to date on breaking news coverage Following the launch of PancakeSwap’s new upgrade known as PancakeSwap V3 in early April, the popular DEX has recently revealed its roadmap. One of the goals for the future is to bring a number of new features that would allow the DEX to take control of the inflation of its native token, CAKE. #PancakeSwap, recently the top asset in the #BNB /APT chain held an AMA🥞 Future plans include an automatic positioning feature, multi-chain deployment, $CAKE inflation protection, and a new pool. We are glad to see that multi-chain expansion will make it available to more users. pic.twitter.com/V12BnFpfPJ — SONIC🌈 (@crypto_Vsonic) April 17, 2023 PancakeSwap V3 launches PancakeSwap emerged as BNB Smart Chain’s response to the Ethereum-based Uniswap decentralized exchange. The project replicated most of Uniswap’s code, which has since become something of a tradition. So, after ...

1. Ondo Finance launched a tokenized fund that allows stablecoin holders to invest in bonds and US Treasuries link Investors will receive tokenized fund interests, which are transferable on-chain, including through approved smart contracts. Ondo wants to create a compliant on-chain financial ecosystem supporting both permissioned and permissionless assets. 2. Cloud computing platform Amazon Web Services (AWS) to partner with Ava Labs link Ava Labs and Amazon Web Services (AWS) have joined forces to accelerate enterprise, institutional, and government adoption of blockchain. Ava Labs plans to add Subnet deployment as a managed service to the AWS Marketplace. The AWS-Avalanche cooperation makes it easier for more people to launch and manage nodes on Avalanche. 3. Solana’s weekly summary a. Mainnet beta Explorer and Solana Foundation Public RPC endpoints are currently offline as RPC node software is upgraded link Mainnet beta Explorer and Solana Foundation Public RPC endpoints are cu...

Developers say the tool can help users save upwards of 15% on gas fees when shopping for NFTs. According to a new post on November 30, decentralized exchange (DEX) Uniswap announced that users can now trade nonfungible tokens, or NFTs, on its native protocol. As told by Uniswap, the function will initially feature NFT collections for sale on platforms including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. "To bring users the first-rate experience they've come to expect with Uniswap, we built the aggregator to deliver better prices, faster indexing, more unassailable smart contracts, and efficient execution." Uniswap developers claim that users can save up to 15% on gas costs compared to other NFT aggregator s when using Uniswap NFT. unifies ERC20 and NFT swapping into a single swap router. Integrated with Permit2, users can swap multiple tokens and NFTs in one swap while saving on gas fees. The NFT aggregator is powered by the Univ...