Kyber Network Crystal v2(KNC)

Crypto.com has revised the number of tokens that will be available on their Crypto Earn program, with Dogecoin and Shiba Inu being among the coins that will be removed from the platform’s Earn feature. The cryptocurrency exchange is one of the largest in the world, cementing their status as a key player in the industry over the past few years, and stamping their brand on the former Staples Center, now known as the Crypto.com Arena. However, with the past few months of instability in the cryptocurrency markets Crypto.com has faced some difficult times. With some major changes in the industry, and Crypto.com cutting around 5% of its workforce, CEO, Kris Marszalek shared the decision to cut down the workforce as part of the “difficult and necessary decisions to ensure continued and sustainable growth for the long term”. The announcement titled ‘Crypto Earn Updates: Changes to Available Tokens and Revised Rates for Select Stablecoins’, is part of a re-shuffle that included a further announcement that it has started accepting Apple Pay in its app for U.S. users. “In addition to the new tokens and revised rates, the following tokens will no longer be available on Crypto Earn: SHIB, DOGE, XTZ, MKR, EOS[...]FLOW, KNC, ICX, COMP, BIFI, ONG, GAS, STRAX, BNT. Existing fixed-term allocations for these tokens will remain unchanged and continue until the term ends. Funds from any active flexible-term allocations for the tokens listed above will be automatically returned to users’ Crypto Wallet by 28 June 2022, 10:00 UTC.” The removal of Dogecoin and Shiba Inu from Crypto.com resulted in a dip of Cronos (CRO), the utility token of the Crypto.org platform, as users criticised Crypto.com for the removal of the popular meme coins. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AlgoBlocks raised $1.9 MM in its strategic and private funding, thanks to the addition of investors Draper Dragon and Kyber Ventures. The total funding goal is to reach $2.3 Mil through raising an additional $400K in the public round through 2 market leading launchpads, Poolz and KrystalGo. Public round fundraising with Poolz and KrystalGo Launchpads will be launched on April 07 2022. After the public round fundraising, it will be a simultaneous listing on MEXC and BitMart on April 12, 2022, 12:00 UTC. The money raised will be used for product development and growth initiatives, such as partnership and technical integration with other protocols. The Investors Draper Dragon is an early-stage venture capital fund focusing on cross-border tech. Its investments include Vechain, Ledger, and Thundercore, among others. Kyber Ventures is the investment arm of Kyber Network. They support entrepreneurs building the next giants of the decentralized world. Big Brain Holdings is the name behind Solana and the Graph. Its investment portfolio is at $15 million across over 50 projects. MEXC is a centralized exchange founded in 2018. AlgoBlocks has a standing agreement with MEXC for listing. Lancer Capital is a private equity firm for blockchains founded in 2017. It is known to be a backer of Polkadot. Roadmap The team at AlgoBlocks remains within schedule to achieve its goals in the first quarter of 2022. Its public round fundraising is expected on 07 April 2022. The public round fundraising is launching with Poolz and KrystalGo. Also, it will be listed on MEXC and BitMart. With the availability of AlgoBlocks in these platforms, its reach will expand to bring seamless and beginner-friendly DeFi to more users. One of the core goals is to provide an avenue to discover, invest, manage and automate DeFi investments with personalised signals and strategies in one place. The platform will embrace cross-chain services to bring various blockchains in one platform. It aims to support a flexible integration with the largest number of supported products in the market. Product FeaturesAs an all-in-one DeFi management platform, AlgoBlocks aims to simplify the process of interacting with multiple DeFi protocols across different blockchains. Here are the summary of product features that AlgoBlocks will offer to DeFi users: - All In one DeFi Dashboard, connect the wallet to view your DeFi portfolio.- Intelligent and personalized signals system.- Curated one-click investment option or DIY your own pre-programmed trade.- Marketplace, visit the marketplace to find curated DeFi Investment recommendations.- Swap Assets, access multiple DEXes on a single page.- Comprehensive Dapp and DEX search engine, from DEXes to NFTs.- DeFi education portal with a gamified system to encourage DeFi newbies to learn DeFi concepts and earn NFTs. The Team The team is composed of CEO Joseph Kim, CTO Kareem Elshahawe, and CMO TN Ko. Joseph has over 13 years of financial services experience in and out of the blockchain space, and held senior positions at Citigroup and BC group. Kareem has over a decade of software engineering experience and held senior positions at Societe Generale and Datum Blockchain. Ko heads the marketing block with over 8 years of experience in global marketing. He previously held roles in Crypto.com, BTCC, and Facebook. Follow AlgoBlocks in its community and social channels to be the first to know about updates Website: https://www.algoblocks.io/ Whitepaper: https://algoblocks.gitbook.io/algoblocks/ Twitter: https://twitter.com/Algoblockstrade Telegram: https://t.me/algoblockss Discord: https://discord.com/invite/k7PJtznppk Medium: ​​https://algoblocks.medium.com/ LinkedIn: https://www.linkedin.com/company/algoblockstrade/ YouTube: https://www.youtube.com/channel/UC2IdcaQkR_4ENNbbtOnom2g Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

KNC price rallied in excess of 50% after expanding access to ten blockchain networks and an integration with Uniswap v3.

Trading volume pumps can act as early signs of dramatic price action, and there are ways to spot them early.

Bitcoin’s bullish surge and the urgent need for shielded crypto transactions appear to be benefitting XMR, TORN and KNC.

Which cryptos are looking the best heading into February? Covered: Aragon (ANT), Kyber Network (KNC), The Sandbox (SAND) Key Technical Levels & Indicators Used This Week’s Three Cryptos to Keep an Eye on We’re heading into February – a bullish month according to seasonality statistics. With the crypto market having a relief rally, we will […] The post Three Altcoins to Keep an Eye on the Week of January 31. appeared first on CryptosRus.

KNC shook off the current downtrend by posting a 50%+ monthly gain following the launch of Kyber 3.0 and integration across many decentralized exchanges.

Kyber Network (KNC) is holding above $1 with rising monthly volume  Covered: Recent Price Action Charts (M,W,D) Key Technical Levels & What to Anticipate Kyber Network (KNC) is holding above $1 with Steadily Rising Volume Month after Month  KNC started 2021 as a sub $1 crypto, but it rose as high as $4. It has […] The post Kyber Network Showing Positive Signs, According To Tecnical Analyst appeared first on CryptosRus.

Margin Trading, also known as Leverage Trading, is the use of borrowed capital to invest in cryptocurrency. If you want to deal with cryptocurrency, leverage trading is the way to go. It enables you to borrow capital from brokers in order to increase your purchasing capacity and offer higher profits. In simple terms, an investor or trader borrows funds to increase his exposure to a specific type of asset, project, or instrument beyond what would be possible if he relied solely on his own capital. Typically, leverage allows investors to multiply their purchasing power in the market. Leverage is applied in multiples of the trader's capital invested, such as 2x, 5x, or higher, and the broker lends this amount of money to the trader at the fixed ratio. Leverage can be used to buy (long) or sell (short) positions. It is important to note that both losses and profits will be multiplied. Leveraging In Crypto Trading Leverage is one of the most important and widely used features in cryptoasset trading. Trading with leverages became increasingly popular shortly after the establishment of centralized exchanges, despite the fact that the crypto market is volatile. The stock market gave an insight into how the crypto market could carry out leverage trading. Traders use leverage, just like in the traditional stock market, to either borrow money to increase their purchasing power or to exploit various types of financial derivatives, such as futures and options. Assume you want to invest $1,000 in Apple stock at a leverage ratio of one to ten. The margin will be 10%, which means you'll need to invest $100. If the current share price of Apple is $136, you will receive 7.35 Apple shares. It’s similar with crypto trading. In crypto margin trading, you can purchase $10,000 worth of Ethereum for $5,000. (by borrowing 50 percent or leveraging 2:1 or 2x). That is, you borrow the $5,000 you lack from a lender, whether an exchange or a lending platform, for which you may or may not pay a fee (interest on the money borrowed). This increases your potential gain (e.g., 5% returns on $10,000 of ETH instead of $5,000), but it also increases your potential loss (e.g., 5% loss on $10,000 of ETH instead of $5,000). And, if an interest fee is charged, it will accrue and be payable for the duration of your open position. On a platform like dYdX, users have the option of using isolated margin or cross margin. Isolated margin occurs when a specific amount of assets is "isolated" as part of a trade at a specific leverage. If a liquidation occurs, the losses are limited to your isolated position. Cross margin, on the other hand, uses all of the assets in your account and also considers the combined positions in your account when defining leverage and limits. The DeFi Pulse Index Leverage Trading The DeFi Pulse Index, launched in September 2020, includes the ten most popular DeFi tokens available on Ethereum: LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL, and REPv2. Instead of purchasing all of these DeFi tokens and managing your own portfolio, you can simply purchase a single ERC-20 token that provides exposure to all ten tokens. The token is rebalanced on a monthly basis to reflect the current state of the market. The token can be used to hedge the market or as collateral on lending platforms like Aave or Compound, as well as yield farming protocols. Balancer is one of the most popular products on the index. They recently began offering a unique solution for traders struggling to pay high gas fees thanks to its integration with Gnosis protocol’s Cowswap. Trading ERC-20’s on Balancer’s DEX costs a fraction of transaction fees its competitors like Uniswap and Sushiswap Fuse created by Rari Capital, like Aave and Compound, is based on lending and borrowing pools where users can supply assets to earn interest while other users borrow those assets. All assets in Aave and Compound are combined into a single market and managed through governance; Fuse takes a different approach by introducing permissionless pools. Anyone can use this to set up their own isolated money markets. Because the pool is isolated, the pool creator can choose any assets, oracle, interest rate model, and so on. Risk Of Creating Position People frequently purchase leveraged tokens without fully comprehending how they work. There are a few risks you should know before you buy to avoid making a bad investment. Smart contract risk: Whenever you interact with a smart contract, there is always the risk of exploits that can jeopardize your funds. Most credible platforms conduct security audits, which are critical for getting an outside perspective on the code to ensure that everything is working as it should and that there are no edge cases, overflows, or other issues that hackers can exploit. Liquidation Risk: If you use a CDP, there is always the possibility of liquidation if the value of your collateral falls and you exceed your collateral ratio. Volatility: Volatility or the negative impact of volatility on the investment, is one of the most significant risks of leveraged tokens. A comparison is the best way to grasp this concept. Assume you want to buy Bitcoin and decide to spend $100 on it. After one day, the price has risen by 10%, and your investment is now worth $110. However, the price drops by 10% the next day, resulting in a $11 decrease. Your investment is worth $99. Tips To Maintain Position Pick carefully: As with any investment, proper due diligence should be performed before purchasing a new asset. This is especially true when purchasing on margin. Consider instruments with strong fundamentals and a track record of long-term growth. Don't follow the crowd and buy the latest hot stock or cryptocurrency. Test on a small scale: What better way to understand and succeed with margin than to start with it? Begin investing on margin to gain an understanding of the risks and costs involved, but start small. Set a target price: Always remember to set a target price and avoid becoming greedy, even if the asset has been performing well. This applies to both the winning and losing sides; however, make sure to set a limit for how much loss you are willing to accept. Holding on too long is a common trading mistake made by many investors. If you need to save yourself from extreme loss, use a DAO like Coordinape. DPI is leveraging on the future Leverages can increase profits while also increasing risks. Different financial products may provide traders with leveraged exposure in very different ways. Leveraged products, particularly in DeFi, may be powered by innovative models and new liquidity solutions not seen in traditional finance. Margin trading, when used correctly and as part of an overall risk management strategy, can be a very effective tool in your trading toolbox. DPI is the ideal index for anyone interested in leveraging DeFi. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Multiple Vietnamese companies are eyeing the fast-growing blockchain gaming market and making their move by developing the next big blockchain game. Axie Infinity Starts A Trend The Axie Infinity marketplace, which was launched by Vietnamese company Sky Mavis, has served a million unique crypto wallets since its launch in March 2018. The monster-combat game is also this year’s most valuable NFT game worldwide. According to one of the founders of Axie Infinity, Nguyen Thanh Trung, blockchain gaming has evolved beyond just testing the boundaries to actually developing good products. Axie Infinity has catalyzed the beginning of a blockchain gaming upsurge, with multiple other Vietnamese companies deciding to join the race. With 57% of the country’s 68 million smartphone users spending a daily average of 3.9 hours playing games, Vietnam currently holds the second position in mobile game downloads in Southeast Asia. Investor-Fav Blockchain Games From Vietnam Other than Axie Infinity, the Vietnamese blockchain market features Sipher, Faraland, Heroverse, Zuki Moba, My Defit Pet, MeebMaster, Theta Arena, and more. Sipher is a multiplayer online battle arena (MOBA) game and has recently raised $6.8 million from US and South Korean investors to fund their next big project, “The World Of Sipheria.” In anticipation of the launch, the team launched NFTs of one of the main characters of the game, which resulted in over 10,000 Sipher Inu NFTs selling out in less than 15 minutes. Another popular multiplayer game originating in Vietnam is Faraland. The RPG metaverse on Faraland features character NFTs and has recently raked in a $2.4 million investment. In addition, puzzle and strategy RPG HeroVerse raised $1.7 million. Zuki Moba, another MOBA game created by a Vietnamese company, has been in the news recently for raising $ 1.4 million in capital from major international investment funds, like Kyber Network, Coinsgroup, etc. In related news, video game giant Ubisoft has revealed that it is exploring blockchain technology by investing in Animoca Brands to examine options of developing its own blockchain-based game. Challenges In The Market According to Project SEED CMO Thao Trang, global industry insiders see Vietnam as a blockchain ecosystem, not just separate projects. However, a shortage of suitable candidates in the market is creating obstacles in hiring for different roles in blockchain game development. Therefore, project SEED hires candidates who are good at either blockchain or game development and then teaches them to acquire the necessary skillsets. Trang states, "Conflicts between the two groups are common. Blockchain changes every day and developers have to be on their toes all the time, ready to respond to market reactions." Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Yield farming has emerged as one of the biggest growth drivers of Decentralized Finance (DeFi). But high Ethereum gas fees are a major hurdle to generating attractive returns through yield farming, especially for small investors. Price slippage is another headache for users in a volatile market. A partnership for hassle-free yield farming Flurry Finance appears to be on a mission to address these issues to maximize yields for token holders. It has announced a partnership with Kyber Network to scale up cross-chain yield farming for the DeFi community. Flurry automates cross-chain yield farming to boost yield for users without having to worry about locking/unlocking their tokens. Kyber Network’s Dynamic Market Maker (KyberDMM) decentralized exchange will give Flurry Finance users access to much better liquidity and lower slippage than automated market makers (AMMs). Following the partnership, Flurry users can earn high yields by supplying stablecoins to KyberDMM liquidity pools with minimal transaction fees. A lower fee is an integral part of maximizing returns. Flurry would generate greater income for its users while Kyber Network would attract more liquidity to its platform.. KyberDMM offers high capital efficiency through its amplified liquidity pools, where slippage could be up to 100x more capital efficient for stable pairs than what AMMs offer. The Kyber Network partnership comes just days after Flurry joined hands with the Layer-2 scaling solution Polygon, which has much lower gas fees than Ethereum, to optimize yield farming. For the uninitiated, yield farming involves lending or staking crypto assets to generate returns or rewards in the form of additional crypto assets. Most yield farming protocols require users (liquidity providers) to lock up their tokens in a smart contract-based liquidity pool. The liquidity providers receive incentives, which could be a percentage of transaction fees, interest from lenders or a governance token. Kyber is a decentralized liquidity infrastructure for DeFi. It connects liquidity from a wide range of protocols to provide the best rates to aggregators, dApps, DeFi platforms, and retail users. It has facilitated more than $5 billion worth of transactions since its inception. The rhoTokens Flurry Finance actively monitors cross-chain conditions and takes into account the transaction costs on different chains to find opportunities for the best uninterrupted yield at minimal risk to rhoToken holders. rhoTokens are Flurry Finance’s stable tokens pegged 1:1 to their underlying stablecoin. It is a medium of exchange within the Flurry platform and can be spent the same way as the underlying stablecoin. It’s the rhoTokens that make it possible for Flurry users to yield farm across different protocols without having to lock/unlock or switch in and out of DeFi projects to boost yield. The rhoTokens are cross-chain interoperable, stable, and flexible. The rhoToken owners will be able to trade, spend, and earn interest on Kyber Network, while the token’s underlying stablecoin will pay out interest on other chains. Flurry protocol allows users to mint rhoTokens in exchange for the numerous altcoins supported by the platform. Wrapping it up Platforms like Flurry Finance are giving users novel ways to continuously generate yield. Its partnership with Kyber Network and Polygon is a step in the direction of uncomplicating yield farming. We could see more such projects in the future enabling cross-chain yield farming with ease. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.