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2022-08-31 06:01:02 Crypto Lender Nexo allocates $50M to buyback its native token

Crypto lending platform Nexo has allocated $50 million to buy back its native NEXO token as part of an ongoing initiative designed to bolster the stability and profitability of its ecosystem. The approval announced on Aug. 30 is the third iteration of buyback programs executed by the company since the launch of its nexonomics initiative.

Nexo Co-Founder Antoni Trenchev stated that the allocation will help the company grow its product ecosystem as well as provide price stability for investors. The allocation will be used to repurchase NEXO tokens over the next six months. The tokens will be subject to a 12-month vesting period and will be distributed as interest payout to token holders once the lock-up term has elapsed. Nexonomics is a series of upgrades and features implemented by Nexo to drive the value and utility of its native token.

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@TradeCryptoNow Open / Comment

2022-08-31 04:37:02 Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers

Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain. Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields.

Kamino Finance builds on the advantages of CLMMs, which reduce slippage and facilitate larger trades by narrowing the price range at which users provide liquidity. By automatically adjusting positions so they are set in an optimum range to capture the most fees and provide the deepest liquidity, Kamino removes common pain points for CLMM liquidity providers (LPs). Kamino automatically compounds CLMM fees and rewards back into users’ LP positions.

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https://t.me/Bitcoin_Ethereum_Trading Open / Comment

2022-08-31 00:20:09 Argentinean Province Allows Residents to Pay Taxes in USDT

Citizens of the Argentinean province Mendoza will be able to pay their taxes in Tether (USDT) instead of pesos. The authorities of the Mendoza province reportedly enabled citizens to pay government fees and taxes in cryptocurrencies. The region’s tax administration described the move as “the strategic objective of modernization and innovation,” which could give “taxpayers different means to comply with their tax obligations.” According to a local report, settling taxes in cryptocurrencies instead of pesos became possible in one of the largest provinces in Argentina – Mendoza. Initially, the region’s authorities will accept payments in Tether (USDT), while at a later stage, it plans to add more digital assets as an option.

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2022-08-30 23:02:11 Waves-backed stablecoin USDN breaks peg again amid protocol upgrade

As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its United States dollar peg. Algorithmic stablecoin Neutrino Dollar (USDN) has deviated from the dollar once again, marking the fourth time that USDN struggled to maintain its dollar peg this year. The Waves-backed stablecoin is trading at $0.90 at the time of writing. In April, USDN crashed to $0.78 as price manipulation accusations began to float. The stablecoin recovered within a few days after its first crash. However, in the following months, the digital asset once again showed signs of weakness.

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https://t.me/Helium_Waves_Stepn Open / Comment

2022-08-30 22:32:02 ​​Singapore’s MAS Considers Tougher Crypto Regulations

Monetary Authority of Singapore wants to establish a stricter regulatory framework to grant crypto investors maximum security. The agency might launch consumer suitability tests and cut the use of leverage and credit facilities by retail investors for trading digital assets.

@Crypto_Cryptocurrency_News Open / Comment

2022-08-30 22:30:43 ​​Dubai issues crypto marketing rules to better protect investors -Link

t.me/Binance_Coinbase_Bybit Open / Comment

2022-08-30 21:50:08 Charles Hoskinson Announces New Timeline For Cardano Hard Fork

Cardano has been moving towards the Vasil hard fork for a couple of months now, and with two postponements already, there are concerns about when the upgrade may take place. Founder Charles Hoskinson and IOG, the developer behind Cardano, have been keeping the community updated on bugs and estimated time of delivery. In the video, Charles Hoskinson revealed a timeline for when the Vasil hard fork will likely be completed in September. Bitcoinist had reported in the past that the hard fork was about halfway there since more than 40% of SPOs have since upgraded to the 1.35.3 node. The end goal to trigger a complete Vasil upgrade is at the 75% mark.

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https://t.me/Kucoin_Coins_Token Open / Comment

2022-08-30 21:02:34 Ethereum (ETH) Options Traders Bullish Ahead of Merge

Ethereum (ETH) is making its sixth attempt at breaking out from a resistance line. If successful, the next resistance would be between $1,650 and $1,725. ETH has been falling underneath a descending resistance line since reaching a high of $2,031 on Aug 14. So far, it has made six attempts at breaking out (red icons).

Since resistances get weaker each time they are touched, an eventual breakout from the line seems to be the most likely scenario. The readings from the six-hour RSI support the possibility of a breakout. The main reason for this is the bullish divergence that has developed over the two most recent lows. Furthermore, the RSI is in the process of moving above 50. Additionally, the wave count also supports the possibility of a breakout. If a breakout transpires, the closest resistance area would be between $1,650 and $1,725.

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Ethereum Merge Open / Comment

2022-08-30 19:33:02 $3.6 Billion Worth of Ethereum Got Burned Since the implementation of EIP-1559 - Read Full News

@blockchain_updatez Open / Comment

2022-08-30 19:30:08 ​​Bank of Korea calls for institutional issuance of crypto ICOs, signaling an end to bans -Link

t.me/Binance_Coinbase_Bybit Open / Comment