Blockchain
BIFROST Launches Biport Wallet, Opening a Gateway to True Multichain DeFi for Crypto Users
BIFROST, the world’s first blockchain middleware that enables true multichain connectivity, announced the launch of Biport Wallet, a universal passport to the multichain world of decentralized finance (DeFi). Open-source and decentralized, Biport Wallet seamlessly connects to multiple blockchain networks, enabling crypto users to manage multiple cryptocurrencies, all in one place. Currently supporting cryptocurrencies across blockchain networks including Bitcoin, Ethereum, Binance Smart Chain, Avalanche, and Klaytn, Biport Wallet is designed from the ground up to offer the most seamless and secure multichain experience, democratizing access to the world of DeFi.
One Wallet, All Chains
Despite users’ needs for easy-to-use digital asset wallets, most wallets today require connection to Ethereum-based tokens first, adding a layer of complexity for ordinary users with little knowledge of the blockchain network. Furthermore, general digital asset wallets typically do not allow users to remit and store cryptocurrencies beyond Ethereum ERC-20 tokens, and this results in scalability issues, limiting the potential growth of the general DeFi ecosystem.
With Biport Wallet, these pain points associated with most digital asset wallets are resolved — users can send, receive, and store a wide range of digital assets without compromising on convenience and security.
Biport Wallet also reduces user friction that exists when performing multichain transactions for digital assets, enabling users to access fundamental peer-to-peer (P2P) services and multichain features that allow for the storage and management of a wide range of Bitcoin, ERC-20, BEP20, and C-Chain tokens.
Key features of Biport Wallet include:
Multichain Connectivity
Biport features true multichain connectivity, enabling users to manage a diverse portfolio of cryptocurrencies across different blockchains all in one place. With Biport’s multichain capabilities, users will be able to send, receive, and store a wide range of assets across networks in a secure environment, bringing unrivalled convenience and peace of mind. Biport initially supports Ethereum, Binance Smart Chain (BSC), Avalanche, and Bitcoin.
MetaMask Support
Biport Wallet will support MetaMask, one of the most widely used decentralized wallets today. With the MetaMask Support feature, users will be able to access and use all DApps that support MetaMask, providing users with a broad range of protocols spanning Uniswap, SushiSwap, Compound, Aave, and many more.
BiFi Accessibility
Biport Wallet will be integrated with BiFi, the first DeFi to connect Bitcoin and Ethereum networks and offer native Bitcoin lending. With true multichain connectivity, users will be able to directly deposit assets to BiFi Lending pool from the wallet to earn interest as well as BiFi tokens to maximize yield.
Commenting on the launch of Biport Wallet, Dohyun Park, CEO & Co-Founder of BIFROST, said: “Blockchain has changed the fabric of our financial system in less than a decade. Yet despite the compelling advantages of the technology, there are still many inherent challenges that hold it back from achieving its true potential. As we envision a truly interoperable DeFi landscape, the launch of Biport Wallet marks an important milestone in fulfilling our mission of providing efficient, convenient, yet secure DeFi products for all users — whether it’s early adopters, advanced traders, or new users.”
One Vision for the Ultimate Multichain Experience
Earlier this year, BIFROST also launched BiFi, the world’s first native Bitcoin lending on Decentralized Finance (DeFi), connecting both the Bitcoin and Ethereum networks. Fully integrated with Biport Wallet, users will be able to easily access digital asset deposit and loan services through BIFI, allowing for enhanced connectivity. To provide users with greater accessibility across the DeFi ecosystem, Biport Wallet will also be integrated with the entirety of BIFROST and BIFI products in the coming months.
“At BIFROST, we are committed to developing innovative products that not only solves the pain points for users looking to participate in DeFi, but also engineer reliable products with security and scalability in mind. As we continue to create a multichain decentralized infrastructure that allows capital to flow seamlessly across blockchains, our innovation will not stop here — with Biport Wallet as a gateway to crypto, DeFi, NFTs, and GameFi, we will continue to bring the latest developments and the best features to our users, bringing the best multichain experience for all users,” Park added.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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