Kategorie: Crypto Markets

• By volume, Uniswap is the biggest decentralized cryptocurrency exchange in the entire world.
• The release of the Uniswap V4 is the first step to launching the new Uniswap version.
• The final stage before launch is a vote by UniswapDAO.

Uniswap Labs has released a draft of the code for its Uniswap V4. The updated code features “hooks” or “plugins” that let programmers design customized liquidity pools.

The most recent Uniswap version, the Uniswap V3, was released on May 2021 and it recently deployed on Boba Network.

Uniswap V4 draft code

According to a post published today by Uniswap’s Founder, Hayden Adams, when the V4 is implemented, the “hooks” feature will enable developers to add many new innovations to the exchange, including on-chain limit orders, automatic deposits to lending protocols, automatically compounded liquidity provider (LP) fees, and many more.

According to Adams in the post, the purpose of Uniswap V4 is to:

“Create a way for pool deployers to introduce code that performs a designated action at key points throughout the pool’s lifecycle – like before or after a swap, or before or after an LP position is changed.”

Deployers will be able to make time-weighted average market makers (TWAMMs), for instance, which let users sell large amounts of cryptocurrency gradually in smaller batches. This could help traders in avoiding negative price changes or being front-run by EVM bots. Additionally, on-chain limit orders will be feasible because pools will be able to implement logic that will allow them to fill an order only when a token reaches a specific price.

Another example of the featured “hooks” is code that allows for the repositioning of fees back into an LPs pool or lending out inventory when a particular pool isn’t being used.

Steps to launching the new Uniswap V4

Releasing the source code is the first step in launching a new version of Uniswap.

The group now intends to consult with Uniswap users and iterate on this foundational code over time. Afterwards, V4 will become a formal proposal to be presented to Uniswap’s governing body, UniswapDAO, once enough agreement has been reached on a final version of it.

The post Uniswap V4 code draft features custom liquidity pools plugins appeared first on CoinJournal.

• Chancer is a revolutionary betting platform that seeks to leverage the power of blockchain technology.
• The CHANCER token is going for 0.01 BUSD in the current stage.
• CHANCER token holders will have the opportunity of creating customized betting markets on the Chancer platform.

Chancer, one of the most intriguing new Web3 projects of 2023, officially launched its crypto presale today.

By removing the “house” from the equation and firmly placing the markets in the hands of the bettors, Chancer seeks to disrupt the betting industry by enabling users to create their own betting markets, set their own odds, and establish their own rules.

Chancer is the first decentralized predictive markets app in the world, and its creators, brothers Adam and Paul Kelbie, believe it will fundamentally alter the way people bet and ultimately restore the fun to gambling.

How Chancer seeks to alter the betting industry

Chancer wants to capitalize on the sizeable online betting and gambling market, which is estimated to be worth $64 billion by 2022 and establish a dominant position there.

Chancer users can create peer-to-peer (P2P) bets, positioning the platform as a betting facilitator rather than a betting house. The bets can range from small, casual wagers among close friends to massive, viral wagers involving thousands of people, such as picking the winner of the Oscar for Best Director or guessing the Champions League final score.

Contrary to most bookmakers, Chancer allows bets to be placed on any prediction or event, not just sports. Users have complete control over their bets and won’t lose to a traditional bookmaker who sets the odds against them, which is part of its inherent appeal.

Commenting about Chancer and the coming months for the project, the CEO of Chancer, Adam Kelbie, said:

“We’re confident that we can change the way betting and gambling works. The next few months are going to be very exciting, and we’re thrilled that we can offer a new cryptocurrency in such a competitive market. We’re doing something no one else has done, disrupting an industry that has had the odds stacked against consumers since it began. It won’t be easy, but we’re ready for the fight.”

All bet payouts will be made in Chancer’s native token, “CHANCER,” which will be tradable on several cryptocurrency exchanges once the presale is completed.

Chancer token presale

The Chancer token presale officially launched today and at press time, 6,541,850 tokens had been sold out raising $65,418.49 barely a few hours after the presale went live.

According to the project’s whitepaper, the presale will be conducted over twelve stages with the first stage seeking to sell 100 million tokens to raise $1 million. The CHANCER token, which is BUILT ON THE Binance Smart Chain (BSC), is currently going for 0.01 BUSD stablecoin.

What’s unique about Chancer betting platform?

The project has a well-planned roadmap outlining a variety of product use cases to pique the interest of various types of investors, as stated in the whitepaper. Additionally, Chancer seeks to achieve and uphold true decentralization.

So that no one party can take control of the network, Chancer will have a proof of stake consensus mechanism. The platform’s users will take control of decision-making under quadratic governance.

In addition, the source code for Chancer will always be available for inspection. This implies that anyone is free to examine, contribute, and suggest modifications to the platform’s operation with the confidence that their ideas will be taken into consideration.

In a novel way, Chancer will also use Google’s WebRTC’s real-time communication capabilities to broadcast events live to its community.

Additionally, it will offer a Share2Earn program, staking, and discounted fees for those who create and participate in the market, making the platform affordable for those who use it frequently. Users can also generate passive income by becoming node validators.

The post 6.5M tokens bought within hours of the highly anticipated Chancer Presale launch appeared first on CoinJournal.

• eToro is an Israeli multi-asset investment platform widely known for social trading.
• eToro will delist ALGO, MATIC, MANA, and DASH for US customers.
• US customers can, however, still hold and sell already open positions in these tokens.

According to a tweet by eToro, four tokens — ALGO, MATIC, MANA, and DASH — will be delisted starting July 12, 2023, as the company adjusts its cryptocurrency offering for customers in the US.

The platform claims that the new change won’t have an impact on non-US customers and that US customers can continue to hold and sell any open positions in these tokens.

From 6:00AM ET on Wednesday July 12th, 2023, US customers will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC). Customers can continue to hold and sell existing positions in these coins. (2/5)

— eToro US (@eToroUS) June 12, 2023

eToro makes no mention of the SEC lawsuit against the two largest cryptocurrency exchanges, Coinbase and Binance. It, however, claimed it was taking the action “in light of recent developments.”

In the SEC’s most recent legal actions, the four tokens mentioned in the eToro announcement were classified as securities.

Similar actions by trading platforms in the US

The move by eToro comes shortly after one similar one by Robinhood in June. Robinhood declared that, in light of its “latest review,” it would be removing SOL, MATIC, and ADA from its platform.

With the SEC’s recent enforcement strategy toward cryptocurrencies, more businesses may follow in the footsteps of eToro and Robinhood in order to avoid regulatory issues that could further negatively impact users based in the US.

The post Etoro to limit US customers’ access to four major cryptocurrencies appeared first on CoinJournal.

• Nigeria’s SEC said Binance Nigeria Limited is neither registered nor regulated and its operations in Nigeria are illegal.
• The order against Binance Nigeria Limited comes days after the US SEC sued Binance and its founder CZ.
• Nigeria’s SEC had previously said it viewed all crypto assets to be securities by default.

According to a Friday circular from Nigeria’s Securities and Exchange Commission (SEC), Binance’s Nigerian branch has been told to stop all operations immediately.

The circular stated that Binance Nigeria Limited’s operations in Nigeria were unlawful because it was neither registered with nor subject to regulation by the Commission. The circular by the SEC states:

“Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member of the investing public dealing with the entity is doing so at his/her own risk.

As the regulator with the statutory mandate of investor protection, the Commission urges Nigerians to be wary of investing in crypto-assets, and crypto-asset-related financial products and services if the service provider/its platform is not registered or regulated by the Commission. Nigerian investors are hereby warned that investing in crypto-assets is extremely risky and may result in a total loss of their investment.

By this circular, Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever.”

Binance under siege

Binance Nigeria is the second Binance branch to be accused of operating unlicensed activities. On Monday, the US Securities and Exchange Commission (SEC) sued Binance, its US affiliate, and its founder Changpeng Zhao violating the securities laws in the country.

The US SEC has gone further to request for the assets of Binance.US to be frozen. It is currently looking for an alternative way to serve Changpeng Zhao with the court sermon.

Nigeria’s SEC stand on cryptocurrencies

While this is the first action taken by Nigeria’s SEC against a cryptocurrency exchange platform, the SEC had previously stated that it considers all crypto assets to be securities by default.

Bloomberg reported in May that Nigeria’s SEC was processing registration applications from crypto firms on a trial basis but would not begin doing so formally until it had reached an agreement with the nation’s central bank.

Currently, it is against the law for banks in Nigeria to provide services to cryptocurrency platforms.

The post Nigeria’s SEC orders Binance Nigeria Limited to stop operations appeared first on CoinJournal.