16.3 C
New York

Tag: staking

RHT Rajan Menon Foundation presents Gentle Bones Charity Concert on 22 July 2022

SINGAPORE, May 29, 2022 - (ACN Newswire) - Local singer-songwriter Gentle Bones will return to the stage for a good cause in collaboration with RHT Rajan Menon Foundation...

Top News

What is Crypto.com? Firm Restarts Staking Rewards After Community Uproar

Share some Bitpinas love:Crypto exchange Crypto.com revives its staking rewards a day after it announced severe reductions to Cronos (CRO) staking rewards for most...

Is an Energy-Efficient PoS-Based Blockchain Possible?

As cryptocurrency becomes increasingly mainstream, the energy usage of some of the largest Proof-of-Work (PoW) blockchains, like Bitcoin, Ethereum, and Bitcoin Cash, has come...

Bitcoin Proponents Rally To Oppose New York Mining Moratorium

Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry...

SugarLand Announces Project Launch

New York, NY, Apr 27, 2022 - (ACN Newswire) - SugarLand, a Binance Smart Chain based community-curated metaverse marketplace, has announced the...

ChainInfo launches Ethsta to provide data services for ETH 2.0 staking

ChainInfo, a blockchain transaction-focused data service platform, has officially launched a new product Ethsta.com, providing data services for ETH2.0 staking. The following features...

1xBit to Support Luna and UST as Payment Methods

1xBit, a crypto casino platform famous for its pioneer approach to crypto gambling, recently made an addition to Terra’s altcoins. With the inclusion of...
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

DeFi Insurance Platform Uno Re Launches Cover Portal

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

NEW YORK, Apr 23, 2022 - (ACN Newswire) - Uno Re (http://unore.io/), a decentralized insurance platform, launched its Cover Portal on April 23, 2022. Accessible through Uno Re's dApp, the Cover Portal addresses an underemphasized need in DeFi space: easy access to insurance. For the first time, DeFi users can insure their crypto-assets in a few simple steps thanks to Cover Portal's clear and simple UI.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

The danger of hacker attacks keeps growing within the DeFi space (case study: https://bit.ly/3jYokl7) causing drastic losses for users and protocols alike. The total sum lost to hacks in the first quarter Q1 2022 is up 695% from Q1 2021 losses. With both the quantity and severity of attacks on the rise, skepticism surrounding the DeFi space is also growing.

One of the leading players in DeFi insurance, Uno Re launched its Cover Portal which aims to grant users easy access to insurance coverage through its user-friendly UI.

What is Uno Re's Cover Portal?

Cover Portal is Uno Re's latest dApp - scanning users' wallet, detecting insurable assets within as well as staked in staking and farming pools across chains, measuring possible risks using an AI-based algorithm, and allowing users to secure their on-chain assets instantly.

Cover Portal is optimizing the insurance purchasing experience for users by simplifying all steps as much as possible. Upon connecting their wallets and detecting their insurable assets, users can simply choose the token(s) and how much to insure. Cover Portal allows users to pay their premiums in USDC.

"The launch of our Cover Portal marks the beginning of a new era in the DeFi insurance industry. We are steadily building and improving our platform to make hassle-free insurance service possible for DeFi users. Cover Portal is the final step towards fulfilling our true potential and makes our platform a complete ecosystem of multiple services and mechanisms, working like clockwork. We are delighted to have achieved this and look forward to improving the overall security of DeFi space." stated Jaskanwar Singh, CEO and Co-founder of Uno Re.

About Uno Re

Uno Re is the protocol behind Cover Portal. An insurance provider for DeFi users and partner of numerous DeFi platforms, Uno Re successfully provided compensation to Umbrella Network hack victims in March 2022. As the insurer, Uno Re has processed the claim in a few days and ensured that 91% of affected wallet addresses are covered and appropriately compensated.

Uno Re is the world's leading decentralised insurance and reinsurance platform, allowing the community to invest and trade in 'risk' and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor, doing away with the historic pre-requisite of absurdly high capital generally needed to invest in the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.

Media Contact
Media team, Uno Re
E: misbah@unore.io
U: https://unore.io/

SOURCE: Uno Re

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comUno Re ( http://unore.io/ ), a decentralized insurance platform, launched its Cover Portal on April 23, 2022. Accessible through Uno Re's dApp, the Cover Portal addresses an underemphasized need in DeFi space: easy access to insurance. For the first time, DeFi users can insure their crypto-assets in a few simple steps thanks to Cover Portal's clear and simple UI.

Moonstake Integrates Support for Polygon Blockchain

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

SINGAPORE, Apr 15, 2022 - (ACN Newswire) - Moonstake announced today it will implement support for the popular Polygon Network. With this update, Moonstake Wallet users can now send, receive, and own MATIC coin as well as MATIC tokens on both the web and mobile versions. This update also enables support for sending, receiving, and holding ORBS on Polygon. Furthermore, Moonstake is considering supporting the staking of ORBS on Polygon Network, since the staking platform currently already supports ORBS staking on Ethereum. This will enable users to earn via multi-chain staking of ORBS on both blockchains through a single safe and user-friendly staking platform.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2,000 cryptocurrencies. Currently, Moonstake supports 16 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, Shiden, FIO, and EVER, as well as ERC-721 and Cardano NFTs. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1.8 Billion and by June 2021, Moonstake was the third best staking provider in the world out of 15,000 staking providers worldwide. In March 2021, the company entered DeFi with Muse.Finance, a DeFi platform, and will continue to expand into the DeFi business.

Meanwhile, Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains) akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum's security, vibrant ecosystem and openness. The ecosystem's token, MATIC, provides robust security as well as enables governance. Polygon is one of the market's biggest blockchains for Web3 builders, boasting over 7,000 DApps in its developer ecosystem which features numerous big names - from DeFi projects such as lending platform Aave to luxury brands company Dolce & Gabbana and NFT marketplaces including OpenSea and Mark Cuban's Lazy.com.

As a world-leading staking provider, Moonstake is looking forward to offer new, excellent user experiences and exciting opportunities to the Polygon ecosystem users through this integration.

About Moonstake

Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.

Since its launch in April 2020, Moonstake has partnered with 28 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.

Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools.

About Moonstake's staking business

For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 16 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year. https://www.moonstake.io/

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon's scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here. https://polygon.technology/

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comMoonstake announced today it will implement support for the popular Polygon Network. With this update, Moonstake Wallet users can now send, receive, and own MATIC coin as well as MATIC tokens on both the web and mobile versions.

Cryptocurrency & Bitcoin IRA Tax Rules | Bitcoin IRA

How Is Crypto Taxed in the United States? It’s important for investors, including those with cryptocurrency IRAs, to understand how taxes affect their accounts. Cryptocurrencies are treated as property according to the IRS, just like many other investments. Every sale may cause a taxable event, with only a few exceptions. But if you hold your […]

The post Cryptocurrency & Bitcoin IRA Tax Rules | Bitcoin IRA appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

ZooKeeper dApp to Launch on Avalanche

zoo-x-avax-2

Press Release: Yield-farming dApp ZooKeeper is launching on Avalanche on the 3rd of April, enabling users to take advantage of both networks by cross-chain transferring their $ZOO tokens, and ZooNFTs.    4th April 2022, GENEVA, Switzerland — ZooKeeper is delighted to announce that its dApp is officially coming to the Avalanche network. ZooKeeper is the […]

The post ZooKeeper dApp to Launch on Avalanche appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz - World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Cylum Launches Highest APY Staking Reward in the Crypto Space

London, UK, Apr 1, 2022 - (ACN Newswire) - Cylum Finance, a DeFi 3.0 platform, has launched the highest APY staking reward in the crypto industry. Over the years, crypto investors and traders have staked their assets for relatively average returns. Although these investors earned interest on their staked crypto assets, there is huge room for improvement. Offering an increase in APY for staked assets will undoubtedly incentive more investors to enter the market.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

The mission of the Cylum project is to give crypto investors a more profitable reason to stake their assets on its platform.

Cylum Highest APY Reward

Cylum offers up to 395,677% APY within the first year for investors who hold the $CYM token. Since the history of crypto staking, no project has offered investors such high returns on their investment. The unique smart contract that powers Cylum's APY leverages compound interest in its reward system. As a result, all investors earn rewards every minute of the day with Cylum. The team plans to increase the earnings of investors with the launch of the mainnet offering. The mainnet also has a multi-chain decentralized application (Dapp) developed to offer users more utility within the ecosystem.

Cylum Unique Features & Uses

  • Auto-Staking & Compounding

In most existing DeFi projects, token holders have to stake their crypto assets manually. With Cylum's auto-staking and compounding, it is entirely different. Every process is automated and designed to favor investors. By purchasing and holding these tokens, investors earn active rewards directly to their respective wallets.

After the annual compound interest of 395,677% within the first year, the APY will begin to decrease.

  • Automatic-Burn

To reduce the number of $CYM in total supply and drive up the value of each token, the team is looking to make $CYM a deflationary token. With auto-burn, the team will make the token more valuable as a result of the decrease in supply and increased demand. The auto-burn feature is an algorithm created to automatically eliminate 2% of the $CYM token total supply once it is launched.

About Cylum Finance

Cylum is a DeFi 3.0 project launched to revolutionize crypto staking and reward system. Skilled developers created it with unique code. The project operates an amazing set of mechanics that ensures the protocol remains sustainable. The team also incorporated additional unique features that confer a competitive advantage on the project. Crypto staking has become one of the top ways investors make money from the market. A great platform like Cylum is essential to attracting more players to this sector of the crypto market.

The Cylum protocol serves as a launchpad for metaverse projects deployed on the Binance Smart Chain (BSC). In addition, its cylinder insurance fund ensures it is low risk with high rewards for investors.

Social Media
GitHub: https://github.com/cylumfinance
Telegram: https://t.me/cylumfinance
Twitter: https://twitter.com/cylumfinance
YouTube: https://www.youtube.com/channel/UC5h7sQkZiqMLBTA0JIFx5wQ

Media contacts
Brand: Cylum Finance
Contact Person: Jennifer Rodgers, Marketing Manager
E-mail: support@cylum.io
Website: https://cylum.io
LinkedIn: https://www.linkedin.com/in/jenifer-rodgers-51a3383a/

SOURCE: Cylum Finance



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

What You Need to Know about Polkadot (DOT) in 2022

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

SINGAPORE, Apr 1, 2022 - (ACN Newswire) - 2021 was a huge year for the cryptocurrency market, with huge strides in growth and adoption of digital assets, NFTs, and blockchain worldwide. It was also an incredible year for Moonstake as we rose the top rankings of global staking providers, reaching a total staking assets of $1.8 billion thanks to the support of our users and partners worldwide. As we begin the new year 2022, Moonstake as well as our strategic coin partners have many exciting news and programs in store for you as our platforms scale and evolve. To welcome our user community into the exciting new year, we're creating a series of articles in collaboration with our strategic partner on what you need to know about our partner coins in the year 2022, this time with Polkadot.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

As of January 2020, Moonstake has been supporting DOT staking via strategic partnership with RockX, one of Polkadot's leading node operators. Since then, Moonstake has hosted a number of campaigns that promote awareness of the Polkadot ecosystem as well as adoption of DOT staking to global users, including webinars and giveaways. Later, Moonstake also partnered with Plasm, now known as Astar Network, a leading DApps hub on Polkadot, to expand support for the ecosystem with other parachains.

In 2021, Polkadot accomplished a number of major development milestones with the rollout of Parachains, Slot Auctions, and Crowdloans across 2 Relay-chain networks: Kusama coming live early in the year and Polkadot following up in December, both of which saw numerous successful parachain launches following their establishments. Additionally, the number of nominator accounts the network can support has tripled from 6,000 at the end of 2020 to 22,000 at its peak. In terms of organized events, Polkadot also managed to participate in over 380 meetups and conferences across the globe, both online and offline,in its effort to cultivate the global Polkadot community against the turbulence caused by the pandemic. Most notably, Polkadot received support and endorsement from the largest telecom company in Europe, Deutsche Telekom, who is currently using its infrastructure to participate in the Polkadot public blockchain network as a validator.

For 2022, Polkadot is focusing on expanding the number of Parachains on their network, with the ultimate goal being 100 parachain slots total. The project is also strongly continuing to push its efforts in building a robust development community for the ecosystem through even more events, hackathons, and initiatives. Not only will this help propel the ecosystem to greater heights in terms of technical achievements and usability, it is also how Polkadot will grow its user base and attract the interests of investors looking for high-value ecosystems.

Moonstake is proud to be strategic partners of Astar to expand the Polkadot ecosystem.We will continue to maintain strong support for the ever growing and developing Polkadot ecosystem and hope to bring even more great value to DOT and crypto users worldwide in 2022 to help accelerate adoption of the Polkadot and Moonstake ecosystems together.

About Moonstake

As a world-leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users.

Our full-scale staking business started in August 2020. With the support of users all over the world, our total staking assets has risen to 1.8 billion dollars. In June 2021, we ranked third among 15,000 staking providers globally.

So far, we have expanded our business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo which is a constituent organization of Cardano, TRON, and NEO. In May 2021, we became a wholly owned subsidiary of the listed company "OIO Holdings Limited" on the Singapore Stock Exchange and we are working to further expand Moonstake's business and improve our credibility. https://www.moonstake.io/

About Polkadot

Polkadot will enable a completely decentralized web where users are in control.

Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.

Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, we seek to free society from its reliance on a broken web where its large institutions can't violate our trust. https://polkadot.network/

About Astar

Astar Network is the #1 Smart Contract Hub for WASM + EVM on Polkadot. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in terms of Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines - namely WASM and EVM - and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable and interoperable blockchain. https://astar.network/

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAs of January 2020, Moonstake has been supporting DOT staking via strategic partnership with RockX, one of Polkadot's leading node operators.
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Recent articles

spot_img