IDEX unveils hybrid liquidity pools fusing core elements of order books and AMMs

CryptoNinjas » IDEX unveils hybrid liquidity pools fusing core elements of order books and AMMs IDEX, a cryptocurrency decentralized exchange (DEX) platform, today announced the launch of IDEX Hybrid Liquidity (IDEX HL), a new feature that combines an order book and trading engine with liquidity pools of an automated market maker (AMM). The unique exchange design protects users from the negative aspects of AMMs, including failed trades and front-running, by instantly executing trades against the best combination of limit orders and pooled liquidity. This approach generates higher returns for liquidity…

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Symbol (XYM) token from NEM now available on crypto wallet app Vidulum

CryptoNinjas » Symbol (XYM) token from NEM now available on crypto wallet app Vidulum Symbol from NEM, a blockchain-powered exchange network for business that launched back on March 17th, has announced that Vidulum, a non-custodial multi-coin web wallet, has added support for NEM’s Symbol (XYM) token. Now, Viddulum and Symbol users can earn staking incentives in VDL (Vidulum native token) for staking XYM on their wallets, along with other advantages. Collaboration between Vidulum and NEM Group Symbol wallet The Symbol wallet on Vidulum enables people to participate in digital asset…

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Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium

CryptoNinjas » Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium ChainSwap, a cross-chain asset bridge & application hub for smart chains, today announced a new partnership with Raydium, the leading Solana blockchain-based automated market maker (AMM) and liquidity provider. The collaboration will connect applications for Raydium with EVM chains for ChainSwap, as well as drive Solana to EVM-compatible chains traffic. Unlike other automated market makers, Raydium provides liquidity to Serum’s central limit order book (non-custodial DEX that’s built on Solana). This means that the platform’s users and…

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Open DeFi launches DAO to incubate and build multi-chain powered dApps

CryptoNinjas » Open DeFi launches DAO to incubate and build multi-chain powered dApps Open DeFi, a global community of Web3 leaders and DeFi founders, today introduced the Open DeFi DAO (OD DAO), a new open initiative to support Open DeFi’s vision of a cross-chain DeFi ecosystem. The DAO will launch DeFi products across all layer one ecosystems and explore DeFi markets surrounding multi-chain use cases and new digital asset classes, including NFTs, data tokens, and more. DAOs, or decentralized autonomous organizations, are projects that exist as smart contracts on the…

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SpiderDAO unveils first public router firmware test with SPDR wallet functionality

CryptoNinjas » SpiderDAO unveils first public router firmware test with SPDR wallet functionality SpiderDAO, a hardware-enabled DAO that bundles multi-layered hardware and software tools on top of the Polkadot blockchain, has announced the latest beta release of the firmware for their multifunctional Spider Connect Pro Router. The firmware is now available to the community to download, install and test. The Spider Router offers multi-layered privacy techniques. Among the upgrades and improvements to the new firmware are a $SPDR token wallet and DAO functionality. “After this extensive development and upgrades to…

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NFT platform Upshot raises $7.5M led by Framework Ventures, CoinFund and Blockchain Capital

CryptoNinjas » NFT platform Upshot raises $7.5M led by Framework Ventures, CoinFund and Blockchain Capital Upshot, a blockchain-based protocol that incentivizes experts to answer subjective questions honestly, today announced that it has raised $7.5 million in Series A funding co-led by Framework Ventures, CoinFund, and Blockchain Capital with additional investments from Slow Ventures, Mechanism Capital, Delphi Digital, CMS Holdings, Stani Kulechov, Kain Warwick, Ryan Selkis, and more. “Upshot’s mission is to capture the value of truth and to give people novel ways to get paid for their unique insights,” said…

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Fintechs Invited to Work on Georgia’s Central Bank Digital Currency

National Bank of Georgia (NBG) has issued a call for companies in the fintech sector, financial institutions and technology firms to support its efforts to create a digital currency. Georgia’s central bank wants to employ new technologies to raise the efficiency of the country’s payment system and promote financial inclusion. Georgia’s Central Bank Mulling Digital GEL NBG is now inviting companies from innovative industries as well as interested financial institutions to join a public-private partnership tasked to facilitate the adoption of a central bank digital currency (CBDC). The bank is…

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Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar

The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all Americans. Payments Industry Association ETA Issues Guiding Principles for CBDC ETA is the world’s leading trade association representing the interests of companies involved in providing products and services pertaining to electronic transaction processing. Among its…

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Crypto Derivatives Exchange FTX Starts Offering Lumber Futures Amidst Commodities Price Boom

FTX, one of the largest derivatives exchanges, has started to offer lumber-based futures markets for its customers, given the recent interest in speculating on commodities prices. Lumber has been one of the key commodities that have skyrocketed in price during these last months, affecting and halting many building projects all across the U.S. FTX Starts Offering Lumber Futures Markets FTX, one of the main cryptocurrency derivatives exchanges, has announced it would start offering lumber futures in its product lineup, amidst a resurgence in the interest of traders on this commodity.…

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‘Once in a While You Get Shown the Light’— Jerry Garcia Art to be Auctioned as an NFT for $1 Million

The now-deceased and former lead guitarist for the Grateful Dead, Jerry Garcia, will have a rare piece of his artwork sold as a non-fungible token (NFT) collectible asset. The NFT is a digital piece called “Gift” and is being sold by the Jerry Garcia Foundation, a nonprofit that supports “environmental, artistic and humanitarian causes through the beauty of music and art.” ‘One Man Gathers What Another Man Spills’ On May 5, The Jerry Garcia Foundation released a newly minted NFT for auction called “Gift,” a piece of artwork crafted by…

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