Financial

Non-Fungible Defi: Perfect mix of NFT and DeFi on One Platform
August 24, 2021 02:28 AM AEST| By Kamalika GhoshThe Non-Fungible protocols have spread like wildfire, especially in 2021. The non-fungible tokens (NFT) have had a good 2021, registering sales of US $2.5 billion in the second quarter from just US $13.7 million in the first half of 2020. The decentr...

Visa powered crypto: Payments giant forays into the world of NFT commerce
August 24, 2021 01:11 AM AEST| By Suhita PoddarHighlights American financial payments major Visa Inc announced its first step into non-fungible tokens after it bought CryptoPunk 7610 for 49.5 ETH. The transaction completed on 18 August roughly equates to about US$ 150,000. Visa also hailed.....

What is Loopring Token? How does it operate?
August 23, 2021 10:52 PM AEST| By Suhita PoddarHighlights Loopring (LRC) is a decentralised exchange protocol built on the Ethereum network, allowing users to trade across cryptocurrency exchanges. The Loopring protocol was first deployed on the Ethereum main net in December 2019. At.....
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How PayPal's entry into the UK can change crypto trading
August 23, 2021 08:39 PM AEST| By Kamalika GhoshHighlights PayPal will offer its cryptocurrency services to the UK customers to buy, hold and sell cryptocurrencies from next week. Like the US version, PayPal will partner with digital currency company Paxos to offer its services to buy .....
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10 most bought cryptocurrencies of 2021
August 22, 2021 04:05 PM AEST| By Suhita PoddarThe global cryptocurrency market capitalisation hit $2.06 trillion (£1.4 trillion) for the first time in nearly three months this week, driven by a surge in major altcoins such as bitcoins, XRP, Dogecoin, Ether and Cardano. The prices surge .....

How high can bitcoin go as Wells Fargo, JP Morgan push for Bitcoin fund
August 21, 2021 01:35 AM AEST| By Suhita PoddarThe cryptocurrency market has seen a good surge in 2021. Despite the lull in the May-June period, the cryptocurrencies have bounced back strongly, with most trading in green zone. Cashing in on this wave, another pair of big banks -- Wells Fargo and...

What is LTO token? Is it a good investment for you?
August 20, 2021 11:47 PM AEST| By Kamalika GhoshLTO Network (LTO) is a hybrid blockchain protocol that is designed for workflows and business automation. The hybrid approach makes the LTO network an immutable digital notary. Thanks to its live contracts, it allows companies to enter and carry ou.....
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What is KILT Protocol?
August 20, 2021 06:09 PM AEST| By Suhita PoddarHighlights KILT Protocol is an open source blockchain protocol that is developed on the Polkadot network. The KILT protocol is used to issue verifiable and anonymous credentials in Web 3.0 and with the help of an entity called the A.....

Facebook intends to present NOVI wallet as a trusted player in industry
August 20, 2021 02:08 AM AEST| By Suhita PoddarHighlights Novi Wallet will be a Diem blockchain-based payment platform which can facilitate crypto payments The Novi Wallet promises to be a person-to-person payments system that can used domestically as well as internationally. Facebook .....
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Mobox (MBOX) coin: Is it a good buy with a listing on Binance?
August 19, 2021 11:51 PM AEST| By Kamalika GhoshHighlights Gaming platform Mobox would be listed for trading on cryptocurrency exchange Binance. The native token used on the Mobox platform is known as Mbox. Gaming platform Mobox would be listed for trading on cryptocurrency exchan.....
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Mastercard (NYSE: MA) to face UK’s biggest-ever class action claims worth £10bn
August 19, 2021 11:06 PM AEST| By Kamalika GhoshHighlights Mastercard will have to face the UK’s largest-ever class-action trial. UK court approved a class-action trial of more than £10 billion ($14 billion) against the global payments company. The Competition Appeal Tribunal (CAT...
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OpenSea’s volume spike is a good indicator of NFT boom
August 19, 2021 10:49 PM AEST| By Suhita PoddarHighlights In August, so far, it has registered monthly volume figures of more than US $1 billion OpenSea’s jump has coincided with Ethereum’s latest rally. OpenSea’s popularity has grown manifold, and it has overtaken UniSwa.....
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What makes API3 token so unique?
August 19, 2021 08:04 PM AEST| By Kamalika GhoshHighlights API3 network is a protocol used to build, manage, and monetise decentralised APIs (dAPIs) at a scale. It is an end-to-end decentralised protocol built on the notion of providing timely, reliable and real-world data to its.....
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What are Semi-Fungible tokens? How are they Different from NFTs?
August 19, 2021 01:22 AM AEST| By Kamalika GhoshHighlights The semi-fungible tokens (SFT) can be both fungible and non-fungible tokens (NFT). Blockchain game developer Enjin developed SFTs using Ethereum’s ERC-1155 standard. The cryptocurrency market is ever-changing. From the tra.....
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What is Ergo cryptocurrency? Should you invest in it?
August 18, 2021 10:18 PM AEST| By Suhita PoddarHighlights Ergo (ERG) is a cryptocurrency that is designed to develop secure and smart contracts using decentralised finance (DeFi) applications. Ergo’s smart contracts allow the protocol to support different dApps cost-effectively......
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5 reasons why the cryptocurrency market is crashing again
August 18, 2021 08:01 PM AEST| By Suhita PoddarHighlights According to CoinMarketCap, major cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Cardano are in red. After strong upside movement on Monday, there has been a drop in prices on Wednesday (as of 8:50 am) .....

What is Audius? Is it a good investment for you?
August 17, 2021 08:12 PM AEST| By Kamalika GhoshHighlights Audius is a blockchain-powered music streaming service that operates on Ethereum and Solana Blockchain networks Audius is a blockchain-powered music streaming service that operates on Ethereum and Solana Blockchain networ.....
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How has Lendinvest performed on AIM since its IPO?
August 17, 2021 06:14 PM AEST| By Suhita PoddarRecently listed property finance platform LendInvest Plc (LON: LINV) announced on Monday a lending partnership with banking majors Barclays PLC (LON: BARC) and HSBC Holdings PLC (LON: HSBA), worth up to £150 million. The partnership wi.....
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5 major UK banks and their investment in crypto and blockchain
August 17, 2021 04:53 PM AEST| By Suhita PoddarMore than half of the biggest banks across the globe are now investing in crypto and blockchain companies, according to a new report published by Blockdata, a blockchain research firm. As per the report, 55 of the 100 biggest banks by assets under .....

Dogecoin starts strong on Monday, registers 13.65% growth
August 16, 2021 08:51 PM AEST| By Kamalika GhoshHighlights Dogecoin has registered an impressive gain of 13.65% on Monday. The rally was induced by Mark Cuban and Elon Musk’s comments calling Dogecoin the most robust cryptocurrency for payments. The cryptoc.....
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