AdaLend is the most widely used Cardano-based lending protocol in the world.


On March 14th, BSCPad and ADAPad will go on sale to the general public. Cryptocurrencies and DeFi are witnessing explosive growth at the moment:

  • Across all blockchains, the total value locked (TVL) of tokens in DeFi protocols increased 357 percent to $255.39 billion.
  • In January 2022, almost $2.5 trillion in cryptocurrencies were exchanged.
  • The total value of all crypto assets has now surpassed $2 trillion.

Crypto financing has emerged as the most active segment of the market. DeFi lending protocols account for about $35 billion TVL, with Ethereum dominating the market with a 54 percent share of TVL as of January 2022. The issue is that Ethereum is sluggish, costly, and unable to scale:

  • Because Ethereum can only process 10 to 15 transactions per second, orders build up quicker than they can be processed, causing delays.
  • Gas prices may be extravagant when demand is strong, hitting over $50 per transaction on average in January 2022.
  • After peaking at 97 percent in January 2021, Ethereum's market share is fast decreasing as developers and crypto investors migrate to more flexible and adaptable blockchains.

AdaLend has created a user-friendly, scalable, and completely decentralized Layer-1 platform for quick loan approval, automatic collateral, trustless custody, and increased lending liquidity to permanently solve DeFi's difficulties. AdaLend intends to unleash the next generation of seamless, quick, and secure crypto lending by utilizing the leading proof-of-stake (POS) Cardano network. AdaLend has a number of unique and strong features:

A Spectacular Structure – The AdaLend protocol attempts to increase capital flow efficiency by managing multiple lending pools using the native $ADAL coin. The liquidation model, usage ratio, and borrowing/lending interest rate are all important components of any pool. The system enables tokenization for deposited assets, allowing users to seamlessly transfer ownership of lending positions between them.

Liquidity Providers (LPs) Must Be Incentivised — To facilitate lending, DeFi lending protocols must encourage Liquidity Providers (LPs) to stake assets in pools. AdaLend does this by providing LPs with attractive incentives and a high annual percentage yield (APY) to deposit assets and increase lending liquidity.

Flexible Lending Options — In AdaLend, all lending is permissionless, trustless, and possible with any token pairing. The protocol's governance guarantees that only the safest oracles are utilized to set pricing and rates, ensuring that the best offers are offered.

Decentralized and democratic governance - All $ADAL token holders may actively engage in AdaLend's governance, voting on ideas and influencing the platform's future progress. The AdaLend DAO aims to build a worldwide financial ecosystem that is democratized, open to everybody, and completely transparent.

Idle Asset Optimisation — AdaLend reduces the usage ratio for non-stable currencies while increasing token circulation, accomplishing a dual purpose of keeping protocol users' liquidity levels high while also providing borrowers with competitive loan rates. AdaLend also reduces the amount of idle assets on the market by transferring them to stable swap platforms. As a result, users who have tokens in cold storage may now utilize them to promote the AdaLend protocol and gain additional benefits.

The Cardano blockchain's capabilities are the magic gasoline that drives AdaLend's long-term business strategy.

What's the deal with Cardano? The Competitive Advantage of AdaLend

Cardano is a flexible, scalable, and cost-effective Blockchain platform that is suited for developing a next-generation crypto lending platform. It is a Proof of Stake (PoS) chain where code modifications are carefully peer-reviewed, and it was created by Ethereum Co-Founder Charles Hoskinson in 2017. The benefits of Cardano are obvious:

Cardano is 47,000 times more energy efficient than Bitcoin, making it the most environmentally friendly blockchain in the world. 

Scalability — Cardano can handle 250 TPS and is expected to be able to process 1 million TPS in the future. Cardano's costs are presently under $0.35 per transaction, which is almost 100 times less than Ethereum's. 

Growing Interest and Investment in Cardano — Interest and investment in Cardano has been steadily increasing, with TVL hitting a new all-time high of $133.39 million on March 2nd, and the number of wallets holding Cardano's native currency ADA recently topping the three million mark.

Until date, DeFi lending has been dominated by Ethereum-based services like Aave. This is rapidly changing, as the DeFi industry seeks solutions that are quicker, cheaper, and more scalable. 

AdaLend is this answer, and it is being recognized by investors. In less than an hour, the September 2021 private auction sold out of 1.8 million ADAL tokens, raising $540,000. AdaLend will hold a public auction on March 14th on five launchpads (BSCPad, VelasPad, PulsePad, ADAPad, and ETHPad) to fund its expansion objectives. These are the most popular launchpads among investors, and they allow you to purchase $ADAL tokens before they go on sale. Once listed, the $ADAL token will trade on the main crypto exchanges linked to the launchpads, giving it rapid liquidity and visibility. AdaLend is set to usher in a new age of DeFi lending with its unique features, unrivaled capabilities, and built-in scalability.

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Smart contracts account for more than 60% of all Tron (TRX) transactions.

Tron (TRX) has seen a continuous increase in transaction volume and smart contract activity, with the latter accounting for more than 60% of all transactions on the Proof-of-Stake (PoS) blockchain.

At the time of publication, the total number of cumulative transactions was 2,940,311,757. 1,793,930,515 smart contracts were triggered out of this total. In other words, according to TRONSCAN's data analysis, smart contracts accounted for 61.01 percent of Tron transactions.


Notably, the number of smart contract transactions has gradually increased over time, paralleling the rising trend in the overall number of transactions. Smart contract transactions make up a considerable fraction of the overall number of cumulative transactions, despite the fact that it hasn't been followed as attentively as it was two years ago.

The price of Tron decreases, but not the level of optimism.

Tron's price was $0.06 at press time, down 1.5 percent from seven days ago and 5.59 percent from a month ago, according to CoinMarketCap statistics. On November 15, the TRX token was trading at $0.12 (97.99 percent higher than it is currently), while its all-time high was $0.22 on May 1, 2018.




TRON DAO revealed in a recent weekly report for the period of February 28 to March 6 that the total number of accounts on its blockchain had approached 80 million, and that the total value locked (TVL) on TRON had surpassed $8.3 billion.

At the same time, according to the blockchain, TRX became the world's fastest-growing public chain on March 4, with over 80 million total accounts and 2.9 billion total transactions. Tron was the third most purchased token on the Binance Smart Chain (BSC) as of December 11, according to Finbold, with an average 24-hour buy sum of $9.392 and an average token quantity of 103,648.

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Ripple intends to resolve the SEC dispute by November 2022.

As the highly publicized lawsuit between Ripple (XRP) and the Securities and Exchange Commission (SEC) progresses, more information has become available.


According to a recent document released in a tweet by attorney Jeremy Hogan, the blockchain payment corporation anticipates the litigation to be resolved between August 26 and November 18, 2022.


Ripple has requested that the ongoing class action be rescheduled from the previously agreed date of August 26, 2022 to November 18, 2022, according to the letter, clarifying that:

"The parties agree that there are economies in having some portions of the SEC action precede key dates in this action due to the overlap of factual and legal problems between this case and the SEC action."

The reduction of the issues in the dispute as a result of the postponement, according to the blockchain business, would lessen the burden on the parties, expedite discovery in the case, and perhaps reduce the load on the court.

Mr. Hogan also stated that Ripple expects to win the SEC case in September or October, after which the class action would be dismissed owing to collateral estoppel, which prohibits a party from relitigating an issue settled in a previous litigation, even if the issue is related to a distinct claim.

The SEC v. Ripple story is coming to a close.

In December 2020, the SEC filed a complaint against Ripple and two of its executives for allegedly selling over $1.3 billion in unregistered XRP between 2013 and 2020.

The agency presented two legal memos from law firm Perkins Coie to the blockchain startup as proof. Ripple had requested legal guidance on a number of concerns related to the issuing of its digital tokens, and the memoranda were issued in response.

Instead of utilizing the memoranda as an example of proactive compliance, the SEC used them "as a sword, or as a sledgehammer," according to the Ripple General Counsel.

The corporation has also filed an opposition to the SEC's Motion for Partial Reconsideration and Clarification, as well as Judge Netburn's Deliberative Process Privilege (DPP) order, characterizing it as an attempt by the SEC to obtain a "do-over."

On February 28, Ripple's CEO Brad Garlinghouse took to Twitter to debunk reports that Russia was using XRP to circumvent SWIFT and other restrictions. Mr. Garlinghouse declared unambiguously that RippleNet complies with international law and the restrictions imposed by the US Treasury's Office of Foreign Assets Control (OFAC).

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Over 25,000 Russian wallets related to criminal activity have been blocked by Coinbase.

Following the imposition of recent monetary restrictions on Russia, much has been said about the country's population and their use of cryptocurrencies.

Coinbase stated in a blog post on March 7 that it is committed to following sanctions and is establishing a multi-layered, global sanctions policy as a consequence. The corporation, in particular, claimed that it has blacklisted over 25,000 Russian addresses that it believes are related to illicit activity by Russian persons or businesses.

"Today, Coinbase has blocked over 25,000 addresses associated with Russian persons or businesses that we suspect are involved in illegal conduct, many of which we discovered via our own proactive investigations." We were able to locate these locations after that, We provided them with the government in order to aid in the implementation of sanctions."

The company also stressed that the transactions are public, allowing unique visibility into transaction data, traceable, and permanent, meaning that transactions are immutable once recorded on the blockchain, prohibiting bad actors from withholding information to avoid discovery. The Russian central bank alone holds about $630 billion in essentially immobile reserve assets, according to Coinbase.

"That's 5–10x the entire daily traded volume of all digital assets, and higher than the total market value of all but one digital asset," the businesses stated.

As a result, utilizing open and transparent crypto transactions to conceal large-scale transactions would be substantially more difficult than using other existing strategies.

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As a result of the sanctions over Ukraine, Visa and Mastercard have suspended operations in Russia.

Visa and Mastercard, two of the world's largest payment processors, have joined sanctions against Russia for its military invasion of Ukraine. American corporations have stated that they will cease operations in Russia, however Russians will be allowed to use their cards within the nation.

Visa and Mastercard, two of the world's largest card payment companies, have suspended operations in Russia as part of the worldwide response to its decision to invade Ukraine. The financial services organizations located in the United States said on Saturday that they will work with clients and partners to terminate transactions via their systems.

"All transactions begun using Visa cards issued in Russia will no longer function outside the nation, and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation," Visa said after taking the appropriate procedures.

"We feel forced to act in response to Russia's aggressive invasion of Ukraine and the inexcusable actions we have watched," said Al Kelly, CEO of Visa Inc. He also expressed remorse for the impact on Visa's Russian clients, partners, and cardholders.

Mastercard's services are also being suspended in Russia. "The world has observed the horrific and catastrophic events coming from Russia's invasion of Ukraine for more than a week," it stated in a statement. Mastercard stated that it has lately excluded a number of financial institutions from its payment network due to legal requirements, and went on to explain:

The Mastercard network will no longer accept cards issued by Russian banks. Furthermore, any Mastercard issued outside of Russia will not be accepted by Russian businesses or ATMs.

In a phone call with Ukraine's Zelensky, President Biden expresses his support for card restrictions.

In a phone chat with Ukraine's President Volodymyr Zelensky, US President Joe Biden praised Visa and Mastercard's choices. He also stressed that the White House is expanding security, humanitarian, and economic aid to Ukraine while working with the US Congress to gain extra financing, according to a press statement cited by Reuters.

According to Governor of the National Bank of Ukraine Kyrylo Shevchenko, Visa and Mastercard took action after Zelensky encouraged the two payment processors to suspend transactions of their credit and debit cards issued by Russian banks. The Ukrainian president demanded the sanctions in order to put further pressure on Moscow.

The current development comes after major payment and remittance service providers such as Paypal, Revolut, Wise, and Remitly, among others, declared a halt of operations in Russia. Since the start of the crisis, several sites have restricted Russian users' access to their services.

According to Tass, Sberbank, Russia's state-controlled and largest financial institution, the limitations would not impact the functioning of the Visa and Mastercard cards it issues in the nation. Customers will be able to use them to send money to friends and family in Russia, withdraw cash, and pay for goods at both physical and online Russian retailers.

Domestic transactions in Russia are handled via the country's own National Payment Card System (NSPK), which is decentralized and not connected to any other networks. Following the invasion of Crimea in 2014, Moscow established the System for Transfer of Financial Messages (SPFS) as an alternative to SWIFT and introduced Mir cards when Visa and Mastercard refused to work with numerous Russian institutions.

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Technical Analysis of Bitcoin and Ethereum: ETH Prepares for Rally, While BTC Looks for Support

On Sunday, Bitcoin stayed below $40,000, as bears continued to exert pressure on cryptocurrency markets. This pressure also pushed ethereum down, keeping the world's second-largest cryptocurrency close to its long-term support level.

Bitcoin

The price of bitcoin (BTC) fell for the fifth straight session on Sunday, unable to shrug off recent bearish pressure.

On Sunday, BTC/USD plummeted to an intraday low of $38,211.65, which was roughly $500 lower than its weekend low.

BTC has dropped to its lowest level since February 28 and is closing in on its long-term bottom of $37,600.


The market's mid-term momentum has altered as a result of recent price drops, with the 25-day (blue) moving average crossing below the 10-day (red) MA.

This is the first time we've seen a cross like this since December 27, when the 25-day crossed below the 10-day from an ascending position. This shift in trend might lead to even further price reductions in the future sessions.

Ethereum

Although ethereum (ETH) fell on Sunday as well, the drop looked to be more of a consolidation than a true selloff. Following a low of $2,587.75 on Saturday, ETH/USD has reached a low of $2,595.57 so far today. Despite the deluge of negative action now taking place in crypto markets, this demonstrates that prices are growing.


One reason we could be seeing this from ethereum rather than bitcoin (BTC) is because the $2,550 support level in ETH/USD appears to be firmly defined, whilst bitcoin still appears to be looking for a bottom.

Looking at the chart, the 14-day Relative Strength Index, which has also established support around 41.80, is helping to offer bulls a sturdy foundation to stand on with potential future bets.




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BTC price support levels give way to one-week lows, resulting in a $40K loss for Bitcoin.

The range for Bitcoin price movement is still in place, with a similar rejection from the $45,000 level this week. After a late sell-off cost bulls the $40,000 level, Bitcoin (BTC) lingered below several crucial support zones throughout the weekend.



BTC's upper-range support levels are crumbling.

BTC/USD was trading at $39,000 on Saturday, according to data from TradingView, after hitting lows of $38,600.

Traders believed that different price levels over $40,000 would be enough to bring the market back down to earth following its recent surge above $45,200.

Bids, in the end, failed to maintain the trend, relegating Bitcoin to the center of a band that it had acted in throughout 2022. 


Filbfilb, co-founder of trading suite Decentrader, suggested $36,000 as a probable target for shorts in a market update issued Friday, which proved to be correct.

Bitcoin was "still rangebound on a macro level," he added, but support was coming in the form of a "rising tide" that appeared to be preserving long-term structures.

The 200-week moving average (MA), which is presently above $20,000 and increasing, could provide solid support when macro markets encounter emotions comparable to that of the March 2020 Covid fall.

"The market has a high level of systematic risk; as a result, volatility should be expected, and transaction size and duration should be assessed accordingly," Filbfilb suggested.

"Short-term panic" is a word used to describe a state of anxiety that last

Who explored the impact of the Ukraine-Russia crisis and its global ramifications in a long YouTube video, was also looking at the macro environment.

He said that gold and the US dollar were prospering at the cost of Bitcoin due to short-term flight to safety, but that adoption was taking place under the surface.

"We're seeing a huge reduction in the price of Bitcoin at this time. What is the reason behind this? This is due to a temporary panic attack "he stated

In a nod to the events of March 2020, Van de Poppe said that as usage grows, both Bitcoin and altcoins could have a revival, with Bitcoin leading the way before extending into DeFi assets. On daily timescales, major altcoin tokens managed to escape the entirety of Bitcoin's losses, with losses generally staying around 5%.

At the time of writing, Ether (ETH) was trading at $2,650, down 3.1 percent in 24 hours.





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The CEO of Coinbase claims that ordinary Russians are using cryptocurrency as a lifeline as the ruble falls apart.

Ordinary Russians are utilizing cryptocurrencies as a lifeline now that their own currency, the ruble, has fallen, according to the CEO of the Nasdaq-listed crypto exchange Coinbase. The CEO also does not believe that Russian oligarchs would use crypto to circumvent sanctions.


For ordinary Russians, cryptocurrency has become a lifeline.

As Russia continues to wage war on Ukraine, Coinbase CEO Brian Armstrong revealed his thoughts on crypto use and his exchange's policies in a series of tweets on Friday.

First and foremost, he stated that Coinbase does not "preemptively bar all Russians" from utilizing its network. "Unless the law states differently," he said, "we think everyone deserves access to fundamental financial services."

The debate about barring all Russians began when Ukraine's vice prime minister requested that all major bitcoin exchanges block all Russian users' addresses. "It's vital to freeze not just addresses associated to Russian and Belarusian authorities, but also to undermine regular people," he tweeted on Feb. 27.

Several major crypto exchanges, including Coinbase, Binance, and Kraken, promptly declined the request.

Armstrong stated Friday that Coinbase thinks "everyone deserves access to fundamental financial services until the law says otherwise," citing Coinbase's belief that "everyone deserves access to basic financial services unless the law says otherwise."

Now that their currency has collapsed, some regular Russians are turning to cryptocurrency as a lifeline. Many of them are likely to be opposed to what their country is doing, and a ban would be detrimental to them as well.

After a number of nations agreed to impose punitive penalties on Russian firms, the currency fell by more than 30% this week. Moody's Investors Service downgraded Russia's long-term debt rating from investment grade (Baa3) to junk (B3) on Thursday, a six-notch reduction.

Stocks of Russian firms listed on the London Stock Exchange have plunged while the Russian stock exchange has remained closed. Trading in 27 Russian-linked firms has been halted on the London Shares Exchange, including Russia's largest bank, Sberbank, whose stock has plunged 99.72 percent since the start of the year.

To Avoid Sanctions, Coinbase Recommends Using Crypto.

When it comes to sanctions, the CEO of Coinbase stressed that every firm in the United States is required to respect sanctions regulations. "Of course, we will obey those regulations if the US government decides to impose a ban," he said.

"This is why, like any other regulated financial services firm, we screen persons who sign up for our services against worldwide watchlists and prohibit transactions from IP addresses that potentially belong to sanctioned individuals or companies," Armstrong explained.

The executive, however, added:
We don't believe that Russian oligarchs will use crypto to circumvent sanctions. Attempting to smuggle large sums of money using crypto would be more traceable than using US dollars, art, gold, or other valuables since it is an open ledger.

Armstrong went on to explain that he isn't alone in his belief that bitcoin is an inefficient means for Russia to circumvent sanctions.

Carol House, the National Security Council's head of cybersecurity, made a similar comment on Wednesday, according to him. She stated, "

The size required for the Russian state to successfully defy all financial restrictions imposed by the US and its allies would very probably render cryptocurrencies ineffectual as a key instrument for the state.


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Bill Miller, a billionaire, on the current state of cryptocurrency: 'Bitcoin is really bullish right now.'

Bill Miller, a seasoned investor and fund manager, explains why he believes bitcoin is now "extremely optimistic." Miller pointed out that over half of Russia's reserves are held in currencies controlled by individuals who seek to hurt them.


'It's Very Bullish for Bitcoin,' Bill Miller said of the cryptocurrency market.

In an interview with CNBC on Wednesday, renowned value investor Bill Miller discussed the future for crypto amid the Russian-Ukraine conflict. Miller Value Partners was founded by him, and he presently serves as its chairman and chief investment officer. He is in charge of the Opportunity Equity and Income Strategy funds at the business. He co-founded Legg Mason Capital Management before joining Miller Value Partners.

A increasing number of nations have placed sanctions on Russia as a result of its invasion of Ukraine. The Russian currency and equities of Russian firms listed overseas have both fallen as a result of this. "We will paralyze the assets of Russia's central bank," European Commission President Ursula von der Leyen declared last week. Its transactions will be halted as a result of this. It will also make the central bank's assets hard to dispose."

"If you look at Russia right now, 16 percent of their $640 billion in reserves is in dollars," Miller noted. They have a 32 percent euro holding. As a result, they have nearly half of their deposits in currencies controlled by individuals who wish to hurt them." He went on to say:

From Russia's perspective, this is not a good situation to be in. They hold 22 percent of their reserves in gold, which is the only component of their reserves that is not under the authority of other countries.

"So I think if you're a country out there with a non-reserve currency — there's about a hundred of them — you might think about saying: 'You know what, maybe we could have something else out there that other countries can't harm us with, and is impervious to inflation or being manufactured in larger quantities," the billionaire investor suggested. He came at this conclusion:

As a result, I believe it is quite positive for bitcoin in particular.

Miller then went on to discuss other cryptocurrencies. He went on to say, "The rest of crypto is different." "I believe bitcoin is one-of-a-kind, and the rest of the cryptos should be seen as risky investments because they all attempt to tackle different problems."

For a long time, the renowned value investor has been a bitcoin bull. He revealed in February that he had a "quite large" bitcoin holding and compared the cryptocurrency to digital gold in terms of inflation protection.

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NFT Monthly Sales Top $947M as Solana Advances Against Ethereum Solana

  NFT sales volume nearly doubled in January despite the market as a whole remaining essentially flat and falling over 82% from January high...

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