Blockchain
Poolz Finance Inks Partnership With Kyber Network to Invest in Emerging Projects
Gibraltar, Iberia–(Newsfile Corp. – March 7, 2022) – DeFi leading launchpad, Poolz Finance, is announcing its collaboration with the crypto liquidity hub, Kyber Network. This partnership will asist in leveraging multiple futuristic projects from the ground up, providing projects with the necessary infrastructure to grow.
Through this partnership with Kyber Network, Poolz aims to accelerate the growth of all projects integrating and using KyberSwap by introducing a grant program. New projects launched through Poolz Finance can immediately provide liquidity for its tokens in an efficient manner on KyberSwap.
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This is another step in the long milestone of Poolz to its position as the most advanced DeFi’s go-to fundraising platform and token launchpad.
“Since the onset of Poolz Finance, our goal has been to transform fundraising in DeFi and foster the rapid growth of innovative projects,” says the team at Poolz Finance. “The partnership with Kyber Network plays right into this vision of ours. We believe we could be at the helm of the development of multiple cutting-edge DeFi projects along with Kyber Network, and solidify our position as DeFi’s ace launchpad.”
The key points behind this partnership are:
- Poolz Finance aims to have multiple top-tier mutual investments with Kyber Network on the platform.
- Projects using KyberSwap can now apply for grants from Poolz Finance and Kyber Network. $1 million from Poolz’s venture arm, Poolz Ventures, is invested into this most ambitious projects being built on Kyber Network.
- Projects will have the opportunity to apply for mutual IDOs on Poolz Finance and KrystalGO (a mutual IDO partner).
KyberSwap (Kyber’s flagship product) is a DEX aggregator and liquidity protocol that gives traders the best rates on Ethereum, Polygon, BSC, Avalanche, Fantom, Cronos, and other networks. The liquidity on this protocol is sourced from multiple DEX and liquidity protocols, including KyberSwap’s own pools.
“KyberSwap’s goal is to be the best chain agnostic Dex. The end goal is to provide the best experience, efficiency, speed and security to users. Identifying, backing and launching the next generation of DeFi giants together with Poolz is a perfect complement to our DNA: Thinking long-term, doing right by the users and builders, and a strong focus on ecosystem building,” says Victor Tran, CEO Kyber Network.
Liquidity providers on KyberSwap also earn more as they enjoy high capital efficiency and benefit from the swap fees and yield farming rewards generated on the platform. This provides a way for all these platforms to access liquidity and facilitate token trading at the best rates for its users.
Stay tuned to this space for further updates about the partnership.
About Kyber Network
Kyber Network is a decentralized liquidity hub for DeFi that connects liquidity sources and facilitates token trading and swapping without the need for intermediaries. KyberSwap can be easily integrated into DeFi platforms, decentralized applications, and crypto-wallets, with over 100 Dapps already integrated.
About Poolz Finance
Poolz is a decentralized cross-chain IDO platform built on top of Web 3.0 infrastructure to assist crypto industry projects in raising funds before listing. Poolz Venture is an investment fund set up by the core team at Poolz to further build on the vision Poolz started with.
Website: https://www.poolz.finance/
Medium: https://poolz.medium.com/
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Telegram Announcements: https://t.me/Poolz_Announcements
Github: https://github.com/The-Poolz
Discord: https://discord.gg/8REVabc
Contact:
CMO
Liam Cohen
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115772
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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