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Top Reasons Why Traders are Investing In Near Protocol ( NEAR)

With global interest rates trending near record lows and likely here to stay for the foreseeable future, the funds carefully saved and squirreled away in savings accounts are likely doing nothing besides gathering dust. Fortunately, crypto is the knight in shining armor rescuing savers. As more and more people enter the crypto ecosystem, there has been a surge in demand for passive income opportunities using cryptocurrencies. Other than generating returns from trading, enthusiasts are looking for alternative options to expand their portfolios. As such, the emergence of decentralized finance (DeFi) has opened the gateways for users to generate returns by leveraging assets they already own. From staking to yield farming, there is no shortage of opportunities for eager crypto enthusiasts. While some require moderate to advanced knowledge of blockchain technology and DeFi, some are simpler than the existing traditional financial solutions. That said, here are some tried and tested platforms that make it easy for everyone to generate additional income without any hassle. Grow Your Portfolio Via Reef Staking Reef Finance delivers a cross-chain DeFi ecosystem that is designed with user accessibility in mind. Users unfamiliar with decentralized finance can depend on Reef to automate many processes that may seem complicated, like yield farming. Moreover, the platform’s AI tools deliver asset management that takes into account investor preferences, their risk profile, and return goals. Built with Substrate, Reef supports DeFi protocols across several blockchains such as Aave, Uniswap, Synthetix, and Compound, among others, allowing users to leverage interoperability and cross-chain trading features. Users can get involved with smart borrowing and lending, mining, staking, and other activities - all of which generate passive income. The platform originally launched a staking pool, Binance Launchpool, in partnership with Binance, where users can stake their BNB, BUSD, and DOT tokens over 30 days into separate pools to farm REEF tokens. In the meantime, Reef Finance is continuously adding more features to its platform, the latest being its partnership with Klever, one of the largest global exchanges serving over 3 million users across over 200 countries. With this partnership, Klever not only becomes the first external validator for Reef Finance, but it will also offer the only liquidity bridge for REEF holders, enabling them to exchange REEF through its Klever Swap service and to stake these exchanged tokens via its wallet. As a result, users will gain the opportunity to increase their earnings from holdings. Moreover, the partnership between Klever and Reef Finance will ensure that users from both platforms access the highest yield generating opportunities across an array of digital assets. Earn Additional Returns With CoinZoom Earn CoinZoom, one of the largest and highly regulated exchanges serving over 192 countries, has rolled out the CoinZoom Earn feature, empowering users to earn up to 20% APY on select cryptocurrencies and fiat holdings. The platform already offers several crypto-centric products, such as its remittance service ZoomMe, the range of CoinZoom Visa debit cards, and CoinZoom Commerce, among others. With the addition of CoinZoom Earn, the platform has unveiled its newest investment tool that allows users to earn interest on over 40 cryptocurrencies like AAVE, BTC, BAL, ADA. ENJ, DASH, MATIC, MKR, XTZ, and more, stablecoins like USDT and USDC, and fiat deposits (USD only). As of now, CoinZoom users can earn up to 10% APY, and CoinZoom VIP customers can earn an additional 20% bonus interest on top of the APY. Getting started with CoinZoom Earn is straightforward. If you’re already a CoinZoom user, simply opt for the CoinZoom Earn feature to earn interest immediately. Interest is accrued daily and credited to users’ Earn wallets on the seventh day of every month. Besides no long-term deposit commitments, users are free to redeem the interest earned from their Earn wallet anytime, reinvest them in their CoinZoom Trading account, or spend them via CoinZoom Visa cards to earn additional rewards. The Market’s Highest APYs Via AAX’s Crypto Savings Accounts AAX, the first crypto exchange to join London Stock Exchange Group's 'Partner Platform and be powered by LSEG Technology's Millennium Exchange matching engine, is currently offering the highest interest rates on crypto holdings. The platform already supports several crypto-centric features, including P2P trading, Futures trading, DeFi Mining, and several ongoing promotions. With its newest Savings feature, AAX has started offering both fixed and flexible savings options with varying interest rates for its users. As of now, AAX is offering the highest interest rates for crypto savings accounts, up to 60% APY across 80+ cryptocurrencies. Compared to crypto savings accounts offered by other platforms, AAX has kept its requirements extremely flexible, allowing users to choose between varying deposit durations, ranging between 7, 14, 30, 60, 90, 180, and 365 days. With so many passive income opportunities up for grabs, now is the time to decide if you just want to HODL your cryptocurrencies waiting for a drastic market change or start leveraging the solutions as mentioned above to expand your portfolio further. Or you can always just watch your central bankers gradually erode all your hard-earned savings. The choice is yours!

The post Top Reasons Why Traders are Investing In Near Protocol ( NEAR) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market today is stuck in a sideways trade today. BTC is set to hit support at $42K, ETH hovers around $3.3K. In tandem with the market most altcoins trade in losses. However, defying the trend are alts, as they print significant gains. NEAR Price Action Since December 18, NEAR has been rising inside …

2021: A year of mass adoption for cryptocurrencies in Brazil

2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game.

Mastercard Adds Two Partners to its Business Payments Service

Yesterday, Mastercard unveiled two new clients for its Mastercard Track Business Payment Service. The New York-based payments giant announced that BMO and Moneris Solutions Corporation have joined Mastercard Track. Mastercard launched the new service for Canadian businesses earlier this year. Mastercard Track creates efficiencies for business users by simplifying and automating the exchange of payments Read more...

The post Mastercard Adds Two Partners to its Business Payments Service appeared first on Finovate.

InfiniteWorld to Participate in BTIG Metaverse Unbound Conference

GEORGE TOWN, Cayman Islands–(BUSINESS WIRE)–Infinite Assets, Inc. (“InfiniteWorld” or “the Company”), a leading Metaverse infrastructure platform that enables brands to create, monetize and drive consumer engagement with digital content, and Aries I Acquisition Corporation (Nasdaq: RAM) (“Aries”), a special purpose acquisition company, announced today that Yonathan Lapchik, Chief Executive Officer of InfiniteWorld and Nathaniel Hunter, […]

The post InfiniteWorld to Participate in BTIG Metaverse Unbound Conference appeared first on Fintech News.

Latin American Payments Giant EBANX Expands Operations in Mexico; Itaú Unibanco to Acquire Brazilian Broker Ideal

Latin American payments company EBANX is doubling down on its commitment to its business in Mexico, opening its first office in Mexico City and introducing a range of solutions designed to help Mexican companies offer new payment experiences for their customers in-country. These solutions include credit and debit cards, installments, OXXO and OXXOPay, SPEI, and Read more...

The post Latin American Payments Giant EBANX Expands Operations in Mexico; Itaú Unibanco to Acquire Brazilian Broker Ideal appeared first on Finovate.

Interview: XTB’s Achraf Drid Discusses FX Growth and MENA Region

In an exclusive interview with Finance Magnates, Achraf Drid, Managing Director of XTB MENA, recently discussed the global growth in trading volumes across the FX and CFD market.

6 Whitepapers and E-Books Fintech Professionals Should Check Out

Around the world, the fintech industry has been soaring, kept abuzz throughout 2021 with a continuous flow of technological advances, regulatory developments, and investors’ money. Fintech funding smashed records, pushing

The post 6 Whitepapers and E-Books Fintech Professionals Should Check Out appeared first on Fintech Singapore.

Thai tax agency to finalize crypto tax laws this month.

Cryptocurrency investors in Thailand will soon have a well-laid out taxation policy starting this month, the Asian country’s taxman has revealed. The Thai Revenue Department said it’s working on clear criteria for calculating withholding tax on profits from cryptocurrency trading, which it expects to finalize before the end of January. More and more lawmakers are […]

What You Need to Know about Ontology in 2022

SINGAPORE, Jan 14, 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 to the top rankings of global staking providers, reaching 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 and our strategic coin partners have much 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 partners on what you need to know about our partner coins in the year 2022, this time with Ontology.


As of April 2020, Moonstake has been supporting ONT staking via strategic partnership with the development team behind Ontology blockchain. Since then, Moonstake has hosted a number of campaigns that promoted awareness of the Ontology ecosystem as well as adoption of ONT staking to global users. Moonstake's partner Binarystar has also been providing great support in marketing efforts with event organization and local community development.

In 2021, Ontology worked on bringing trust, privacy, and security to Web3 through providing decentralized identity (DID) and data solutions. Most notably, the team spent much of last year on the development of Ontology EVM (Ethereum virtual machine), which is scheduled for public release in Q1 2022. The EVM aims to establish seamless interoperability between Ontology and the Ethereum platform, and offer an inclusive experience to developers and users, a crucial step in the realization of the Ontology Multi-VM. Additionally, the team also focused on facilitating smooth user access and experience with DeFi, GameFi, NFTs, and general decentralized applications. In this article, we will be interviewing our partner at Ontology about what is in store for the Ontology ecosystem and its user community in 2022.

Q1 Which 2021 achievements are you the most proud of?

In 2021, we brought our existing products in line with our broader vision for Web3. We launched the Ontology EVM TestNet, in preparation for the 2022 MainNet launch. ONT ID surpassed 1.5 million users in September, reflecting a major endorsement for decentralized identity, and ONT.ID website has been upgraded to provide full decentralized identity solutions to users.

Ontology's global growth has accelerated following our partnerships with bloXmove, ROCKI, ZAICO, and AP.LLC, as well as ONT's listing on Japanese regulated exchanges like Decurret and Huobi Japan.

We've also launched a web-based ONTO Wallet, ONTO Web and a decentralized airdrop distribution tool called ONTO Anydrop, making Web3 easily accessible and providing convenience for our ecosystem partners. Ontology's DeFi lending platform, Wing Finance, also launched on multiple chains including Ethereum, OKExChain, and BSC, together with the support of Any Pool.

As usual, the last year has been full of incredible achievements. We are excited to drive this success further with the help of our ecosystem partners and our global community.

Q2 What measures are you going to take in 2022 to further increase adoption of Ontology?

The MainNet launch of the Ontology EVM will take place during the first quarter of 2022. As part of our multi-VM, it will allow for the deployment of many more dApps on the Ontology blockchain. This approach will not only bring more development, but also will encourage more users to the Ontology blockchain to experience the benefits of a fast, secure, low cost public chain.

2022 is also a year where Web3, and the Metaverse, establishes a greater presence in everyday life for more and more people. Ontology's wallet solution, ONTO Wallet, already has over 750k users, and will provide a gateway into Web3 for many more. As we continue to develop the DID and data solutions that we are known for, which are crucial to Web3's success, more users will be encouraged to create their DID and easily access the latest iteration of the internet.

Q3 What can users expect from Ontology in 2022?

As we laid out in our latest roadmap ( https://medium.com/ontologynetwork/ontology-2022-roadmap-a0036cd72f1b ), 2022 is about building the infrastructure and delivering the tools to make Web3 a success. This means greater interoperability, to make cross chain experiences as seamless as possible. It means more collaboration, as chains bring a varying range of benefits to users. At Ontology, we will continue to develop solutions for DID and data, making sure users are onboarded with ease and experience secure, self-sovereign control over their digital existence.

In short, 2022 means more development, more control, more opportunity and an easy access point into Web3 and the Metaverse with Ontology. We look forward to our continued relationship with partners such as Moonstake, and welcome developers, harbingers, builders and new ecosystem partners to join us in building Web3 together.

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

Ontology, the project bringing trust, privacy, and security to Web3 through decentralized identity and data solutions. Ontology is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first. https://ont.io/

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAs we begin the new year 2022, Moonstake and our strategic coin partners have much 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 partners on what you need to know about our partner coins in the year 2022, this time with Ontology.

Nifty News: Mike Tyson loves Solana, Aoki stops show to flaunt NFT, Apple and the ‘AR Verse’

Apple is reportedly looking at AR over the Metaverse and Artemis has launched a mobile-based social media NFT platform.

Swiss central bank trials wholesale CBDC with BIS and commercial lenders

Switzerland’s central bank has concluded phase two of its wholesale CBDC test in conjunction with the BIS and commercial banks.

The post Swiss central bank trials wholesale CBDC with BIS and commercial lenders appeared first on The Block.

Bitcoin and Ethereum Futures ETFs Coming to India: Report

Exchange India INX has applied for permission under the country's regulatory sandbox.

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