6 Questions for Sonali Giovino of Defiyield

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Sonali Giovino, head of communications at Defiyield, a cross-chain asset management protocol that empowers users to be a part of the DeFi ecosystem.Sonali Giovino has been working in the crypto space since 2017 when she began holding weekly educational workshops, which lead to public speaking events on cryptocurrency and blockchain and her production of Vancouvers first Blockchain Yacht Cruise Conference.

a16z Reiterates Bullish Thesis on Web3, Compares it to the Internet’s Early Days

Leading VC firm Andreessen Horowitz predicted Web3 could reach 1 billion users by 2031.

Cardano's nearest future might look like this as users await the Vasil HardFork

One of the hardest things to explain in the cryptocurrency market is the plummeting price of a token despite steady increments in the number of wallets holding the token.  According to the latest The post Cardano's nearest future might look like this as users await the Vasil HardFork appeared first on AMBCrypto.

OpenSea launches 'Seaport' ​​marketplace protocol allowing NFT bartering

“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the platform. Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.”In a Friday blog post, OpenSea said the marketplace protocol, dubbed Seaport, will give users the option to obtain NFTs by offering assets other than just payment tokens like Ether (ETH).

Stake or DApp? With liquid staking, you don’t have to choose

Implementation of liquid staking addresses worrisome price fluctuations and helps users to generate higher rewards by combining staking payouts and DApp yield. Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy parachain slots on its canary network Kusama.

Do you have the right to redeem your stablecoin?

Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets.

Bahamas’ Sand Dollar CBDC Begins Facial-Recognition Rollout to Authorize Mobile Payments

Millions of Bahamas smartphone users have started using facial recognition technology to authenticate Sand Dollar CBDC payments made through smart devices.

Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added

The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime.

Cake DeFi Enters Into Esports With Competitive Gaming Platform FACEIT

May 10, 2022 – Singapore, Singapore FACEIT, the world’s leading platform for competitive online gaming, has today announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest-growing crypto fintech platforms, which allows users to earn cash flow from their crypto.

Hyperdex Launches Mainnet to Introduce Advanced Trading Features For DeFi Users

Hyperdex, a Swiss-based decentralized exchange (DEX), announced its mainnet is finally going live following the successful period of its testnet.

dYdX releases an app: Why haven’t more DeFi protocols followed suit?

Perpetual contract trading platform dYdX has launched an app for users outside of the US that will offer the same functionality as its website.

Latin American Exchange Bitso Launches Bitcoin and Stablecoin Yield Feature

The Mexico City-based exchange said users will earn rewards just for holding Bitcoin and stablecoins.

Bitcoin Mixer obfuscates the data linking users to Bitcoin transfers

The advent of Bitcoin and other cryptocurrencies is certainly one of the biggest inventions of our generation.

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals

Leading US crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month.

Clearpool and Jane Street Launched a Permissioned Pool Focusing on KYC Compliance

Clearpool and Jane Street launched a product allowing users to stake USDC for earning yields in its unity and governance token, CPOOL.

Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display

The Spatial Reality Display lets people view the nonfungible tokens in 3D without the need for 3D glasses. Japanese conglomerate Sony Electronics collaborates with blockchain video delivery network Theta Labs to launch nonfungible tokens (NFTs) that can be viewed in mixed reality through Sony's Spatial Reality Display, a monitor that lets people perceive things in 3D without using traditional 3D accessories. The Spatial Reality Display tracks eye movement and adjusts the display as the viewer moves, giving users a 3D viewing experience.

OpenSea Discord server hacked, users warned to be vigilant of phishing scams

The hacker's initial post, which was published in the announcements channel, claimed that OpenSea had “partnered with YouTube to bring their community into the NFT Space." Nonfungible token (NFT) marketplace OpenSea suffered a server breach on its main Discord channel, with hackers posting fake "Youtube partnership" announcements.A screenshot shared Friday shows fake collaboration news, accompanied by a link to a phishing site.

Web3 Gaming Platform LootRush Raises $12m in Seed Round

Web3 gaming platform LootRush has raised $12 million in seed funding led by crypto company Paradigm, aiming to make playing Web3 video games easier and more convenient for users.

Hop Protocol reveals details of Hop DAO and Optimism-style airdrop

Cross-chain bridging protocol, Hop has launched Hop DAO, its community-owned governance structure that will see early users airdropped 8% of all HOP tokens. Hop Protocol, a cross-chain bridge designed to facilitate the quick transfer of tokens between different Ethereum Layer-2 scaling solutions, has unveiled a new governance model alongside an airdrop that will see early users receive 8% of the total supply of soon-to-be-released HOP tokens.Similar to Optimism, which recently unveiled a new governance structure that will see early users airdropped 5% of the total supply of the OP token — Hop Protocol is aiming to create a community-oriented governance model, called Hop DAO, that seeks to aid Layer-2 scalability.An official date for the airdrop is yet to be announced.

Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche

The total value locked on Vector Finance hit a new high after the protocol integrated multiple stablecoins in the Avalanche ecosystem in order to become the network's largest liquidity hub. The battle to attract stablecoin liquidity has been a trending theme across the cryptocurrency landscape for the past year, especially as decentralized finance users have come to realize the hefty APY that can be earned on dollar-peg assets.While Curve Finance remains the undisputed leader in interest bearing stablecoin liquidity pools, several new entrants have begun to climb the ranks, including Vector Finance (VTX), a protocol that enables Avalanche network users to generate boosted yields on their stablecoin positions.

Coinbase's NFT Marketplace Gains Less Than 150 Users in First Day Open to Public

The once-anticipated platform still has less than 1,300 total users, according to Dune data.

GEM-TRX technology firm allows users to make profits through cloud mining

GEM-TRX  is a uniquely-built cloud mining service made to ease the process of users renting out suitable hash power to mine crypto by paying an appropriate fee.

ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals

The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated.

NAFSTARS Announces a Successful Fund Raise of $1․7 Million

PRESS RELEASE. NAFSTARS, a Polygon-based play-to-earn [P2E] platform that allows users to collect artist branded cards from all around the globe and from every music genre, has announced a successful fund raise of $1.7 million in seed, token pre-sale, and NFTs.

Opera browser enables direct access to BNB Chain-based DApp ecosystem

New integration with BNB Chain allows Opera users to access decentralized apps, including DEXs like PancakeSwap, 1inch and BiSwap. Crypto-friendly browser Opera integrated BNB Chain, a decentralized blockchain ecosystem formerly known as Binance Smart Chain, to enable BNB Chain-based decentralized apps (DApps) on Android, iOS and desktop versions of its Crypto Browser.The integration will enable Opera’s 350 million users to purchase BNB (Build N Build) token with fiat and send and receive it via the built-in Opera crypto wallet, as well as access DApps on the BNB Chain ecosystem.

Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto

Swyftx, one of Australia's largest crypto exchanges, has become the first local exchange to offer users zero-fee yields on cryptocurrency deposits.

Little by little, blockchain technology is beginning to appear around the house

From ecological seafood to Bored Apes, blockchain technology is making its presence felt in homes. Blockchain technology is familiar to cryptocurrency users and national banks, and awareness of it is spreading fast to gamers.

Crypto Winter Unlikely As ‘Astonishing’ User Growth Dwarfs Internet Adoption Rate: Macro Guru Raoul Pal

Former Goldman Sachs executive Raoul Pal expects there to be billions of new cryptocurrency users by the end of the decade despite any jitters investors may currently feel about the markets.

New Move-To-Earn Token Explodes Over 243% in Just Seven Days Amid Crypto Market Doldrums

A small-cap altcoin offering users the ability to earn tokens through active participation is outpacing the crypto markets in a big way.

Waitlist Launches For Kraken NFT, Which Promises Zero Gas Fees

Additionally, Kraken NFT’s built-in rarity tools mean users won’t require a third-party site to verify items.