Connect with us

Blockchain

New on imToken: DeFi Portfolio Manager, powered by DeBank

Update to imToken 2.9.3 and manage all your DeFi loans, AMMs, yield farms and more

Published

on

We are excited to join forces with DeBank and natively integrate the DeBank Open API for our new DeFi Portfolio feature. Popular in the Ethereum community, DeBank is building tools for managing DeFi assets and liabilities.

Thanks to DeBank’s Open API, the new imToken release will introduce the “DeFi Portfolio” feature. This feature lets you manage all your DeFi balances such as loans, AMM, DEX balances, farms, yield aggregators and more.

imToken now supports all asset classes (tokens, DeFi, NFT) to help users manage their digital assets more comprehensively.

We support in total over 300 DeFi protocols on Ethereum, other chains and layer 2s such as BSC, xDAI, Polygon, Fantom. You can simply switch with a click on the network.

With DeFi TVL reaching $80 billion, assets held in DeFi protocols are becoming the majority of asset types held by users. We are pleased to work with DeBank, a professional DeFi data provider, to provide users with the most comprehensive and real-time DeFi asset data. The goal of DeFi Asset Portfolio is making it easy for everyone to manage DeFi asset information.

~Ashu (imToken Product Lead)

We are glad to work with imToken, a well-known wallet, to make the DeBank infrastructure serve more DeFi users. We hope to make DeFi safer and better by collaborating with the whole industry in the future.

~ Xu Yong (DeBank Co-Founder)

DeBank is the most comprehensive DeFi asset management tool with integrated protocols. For now, it mainly provides DeFi asset display, aggregated token exchange, DeFi data list and other functions. It has already supported hundreds of protocols on 7 chains such as Ether, BSC, xDai, Polygon, Fantom, OKExChain, HECO, etc.

You might have already used Polygon, BSC or other layer2 and EVM-chains on imToken. This update makes switching between those networks a lot easier. Instead of switching networks on the settings page, you can now quickly switch to BSC, Polygon, Fantom and other EVM compatible chains on the wallet home page.👇

Open imToken and click the drop-down icon at the top of the “Wallet” page to switch the network

Can’t find the desired network in the selection list? Click the upper right corner to add custom node connections manually.

Our latest iOS version now comes with a market widget. After adding the widget to your home screen, you can now view the BTC, ETH and other popular asset prices. What about Android? Don’t worry, it’s on the way 😋

  1. Android users: You can download from the official website https://token.im or at your favorite app store
  2. iOS users: You can download from the App Store

For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely:

If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app.

  1. Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network;
  2. Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@token.im to prevent more people from being deceived;

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://medium.com/imtoken/new-on-imtoken-defi-portfolio-manager-powered-by-debank-61302b6feeec?source=rss——-8—————–cryptocurrency

Blockchain

Major DeFi Tokens on the Rise as Bitcoin Breaches Above $40000

With Bitcoin going above $40,000, it gives a sizable boost to the leading DeFi tokens such as Aave, Uniswap, and Compound.

Published

on

Table of Contents

Rate this post

Leading cryptocurrency Bitcoin finally breaches the $40,000 mark on 14th June after weeklong trading below the $35,000 zone. With BTC going on an upwards streak, it gives a sizable boost to the overall crypto market along with major DeFi tokens such as Aave, Uniswap, and Compound.

Aave, Uniswap, and Compound are on the Rise

Over the past 24 hours, the price of Aave, Uniswap, and Compound has increased by roughly 9% with the three tokens hitting the highs in terms of correlation against Bitcoin’s price.

The combined value of all cryptocurrencies is currently at $1.67 trillion, with DeFi tokens sector among the biggest gainers.

For instance, DeFi lending protocol Aave (AAVE) has been up by 10% over the past 24 hours and is currently trading at $325. With a market cap of just above $4 billion, AAVE is currently the fourth largest DeFi asset.

READ  Origin Protocol (OGN) and REEF Technical Analysis: What to Expect?

Earlier this month, the DeFi token reached the number one spot in total value locked (TVL) in the entire sector.

Similarly, Ethereum-based decentralized exchange (DEX) token Uniswap (UNI) is the tenth-largest cryptocurrency by market cap and the largest among DeFi tokens.  With a market cap of $12 billion, the token has skyrocketed above $24 but is still 50% below its all-time high of $44.29 on May 3.

Similarly, the governance token of the Compound Protocol (COMP) has reached $339 earlier today and is currently the fourth largest DeFi token and the 60th-largest crypto asset by market cap.

DeFi Tokens Correlating With Bitcoin’s Price

The price of DeFi tokens largely depends on factors like the correlation with Bitcoin and social media activity. Notably, the latest move has brought an unusually high correlation of AAVE, UNI, and COMP to the price of Bitcoin.

READ  MetaMask Dips Into DeFi By Offering Token Swaps

Besides, various metrics such as the number of active users, trading volumes on DEX, interest per year on lending protocols, the amount deposited in lending protocols, and the number of outstanding loans.

#AAVE #COMP #Compound Protocol #DeFi #DeFi Tokens #UNI #Uniswap

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/major-defi-tokens-on-the-rise-as-bitcoin-breaches-above-40000

Continue Reading

Blockchain

MicroStrategy To Sell $1B in Stock for More Bitcoin

Published

on

MicroStrategy Inc. (MSTR), the enterprise software maker, filed a shelf registration to the U.S. Securities and Exchange Commission (SEC) on Monday, intending to sell as much as $1 billion in common shares for general purpose, including purchasing more Bitcoin, Bloomberg reported Monday.

MSTR announced earlier Monday that the enterprise had completed the sale of $500 million in senior secured notes due 2028. The net proceeds from the sale are estimated at approximately $488 million. The deals will aim to purchase extra Bitcoins for assets accumulation. MicroStrategy’s latest move of the amount is more than expected, as the company’s announcement last week was planning to sell $400 million to buy Bitcoin. Bloomberg reported early that it was the first-ever junk bond sale used for financing purchases of the volatile cryptocurrency.

MSTR disclosed in May that the company is holding around 92,079 BTC by a newly formed subsidiary, MicroStrategy LLC.

Bitcoin Returns $40,000 Level Above

Meanwhile, Bitcoin’s price is boosted by serval feel-good factors and returned to $40,000 level above on Monday after billionaire hedge manager Paul Tudor Jones expressed his confidence in Bitcoin as a hedging investment tool for his portfolio.  

Tesla CEO Elon Musk revealed his conditional acceptance for Bitcoin payment on Twitter recently. Musk said the electric vehicle manufacturer might resume allowing Bitcoin transaction in the future, as long as Bitcoin mining is environmentally friendly enough that at least 50% of energy usage generated by green energy.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/microstrategy-to-sell-1b-in-stock-bitcoin

Continue Reading

Blockchain

Nigerian Central Bank Planning CBDC Launch by End of 2021

Published

on

An official with the Central Bank of Nigeria (CBN) told local news sources that the bank is hoping to launch a central bank digital currency (CBDC) “before the end of the year.”

Sponsored
Sponsored

The announcement was made by the director of IT for CBN, Rakiya Mohammed, during an online news briefing at a Bankers Committee meeting. She stated that the bank has been looking into the matter for the better part of two years and feels confident they have a viable product to launch before 2022. “Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to the populace,” Mohammed stated.

CBN’s digital currency will not replace local naira cash notes but instead, act as a complementary currency option. The digital currency is also expected to make foreign remittances easier for Nigeria. Digital currencies offer more flexibility for remittances due to the lack of forex charges and third-party entities. This is also one of the reasons El Salvador recently adopted bitcoin as legal tender. 

Sponsored
Sponsored

At this stage, experts are creating architecture and addressing privacy concerns. Much like China has done with the digital yuan, Nigeria has plans to launch a pilot program in select areas before a nationwide release. Mohammed added that the CBN estimates that 80% of central banks globally are looking into digital currencies and Nigeria does not want to be left in the dust. 

Whether the 80% estimate is accurate, what is true is that several African countries are in similar stages of planning for CBDCs. 

Yesterday, Tanzania’s President Samia Suluhu Hassan requested that the Central Bank of Tanzania begin looking into CBDCs. The speech was given at the inauguration of the Central Bank of Swahili building in Mwanza. 

Ghana has also stated it was one of the first apex banks on the continent to introduce its CBDC. The Bank of Ghana’s government stated that the digital cedi was on its way toward implementation. 

The South African Reserve Bank (SARB) also has plans on looking into the possibility of releasing its own digital currency by the end of next year. 

Nigeria’s love/hate relationship with cryptocurrency

The CBDC announcement is a curious move for a nation that recently has been clamping down on cryptocurrencies over the last few months. Even going so far as to ban commercial banks and other financial institutions from doing business with cryptocurrency exchanges and instructing that accounts holding crypto be closed. 

The official reason for this ban was that Nigerian officials believed that crypto exchanges and start-ups were adding to foreign currency shortages. Those shortages caused the depreciation of the naira on the black market. The ban was later amended to allow peer-to-peer crypto trading. 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/nigerian-central-bank-cbdc-launch-end-2021/

Continue Reading

Blockchain

Nigerian Central Bank Planning CBDC Launch by End of 2021

Published

on

An official with the Central Bank of Nigeria (CBN) told local news sources that the bank is hoping to launch a central bank digital currency (CBDC) “before the end of the year.”

Sponsored
Sponsored

The announcement was made by the director of IT for CBN, Rakiya Mohammed, during an online news briefing at a Bankers Committee meeting. She stated that the bank has been looking into the matter for the better part of two years and feels confident they have a viable product to launch before 2022. “Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to the populace,” Mohammed stated.

CBN’s digital currency will not replace local naira cash notes but instead, act as a complementary currency option. The digital currency is also expected to make foreign remittances easier for Nigeria. Digital currencies offer more flexibility for remittances due to the lack of forex charges and third-party entities. This is also one of the reasons El Salvador recently adopted bitcoin as legal tender. 

Sponsored
Sponsored

At this stage, experts are creating architecture and addressing privacy concerns. Much like China has done with the digital yuan, Nigeria has plans to launch a pilot program in select areas before a nationwide release. Mohammed added that the CBN estimates that 80% of central banks globally are looking into digital currencies and Nigeria does not want to be left in the dust. 

Whether the 80% estimate is accurate, what is true is that several African countries are in similar stages of planning for CBDCs. 

Yesterday, Tanzania’s President Samia Suluhu Hassan requested that the Central Bank of Tanzania begin looking into CBDCs. The speech was given at the inauguration of the Central Bank of Swahili building in Mwanza. 

Ghana has also stated it was one of the first apex banks on the continent to introduce its CBDC. The Bank of Ghana’s government stated that the digital cedi was on its way toward implementation. 

The South African Reserve Bank (SARB) also has plans on looking into the possibility of releasing its own digital currency by the end of next year. 

Nigeria’s love/hate relationship with cryptocurrency

The CBDC announcement is a curious move for a nation that recently has been clamping down on cryptocurrencies over the last few months. Even going so far as to ban commercial banks and other financial institutions from doing business with cryptocurrency exchanges and instructing that accounts holding crypto be closed. 

The official reason for this ban was that Nigerian officials believed that crypto exchanges and start-ups were adding to foreign currency shortages. Those shortages caused the depreciation of the naira on the black market. The ban was later amended to allow peer-to-peer crypto trading. 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/nigerian-central-bank-cbdc-launch-end-2021/

Continue Reading
Blockchain12 mins ago

Major DeFi Tokens on the Rise as Bitcoin Breaches Above $40000

Cyber Security21 mins ago

How To Remove A Hacker From My Phone- Tips And Tricks To Follow

Cyber Security21 mins ago

How To Remove A Hacker From My Phone- Tips And Tricks To Follow

Cyber Security21 mins ago

How To Remove A Hacker From My Phone- Tips And Tricks To Follow

Blockchain33 mins ago

MicroStrategy To Sell $1B in Stock for More Bitcoin

ZDNET50 mins ago

Using the Galaxy Book Pro 360 for a month: A great Swiss knife that could be sharper

ZDNET50 mins ago

Using the Galaxy Book Pro 360 for a month: A great Swiss knife that could be sharper

ZDNET50 mins ago

Using the Galaxy Book Pro 360 for a month: A great Swiss knife that could be sharper

Blockchain52 mins ago

Nigerian Central Bank Planning CBDC Launch by End of 2021

Blockchain52 mins ago

Nigerian Central Bank Planning CBDC Launch by End of 2021

Blockchain52 mins ago

Nigerian Central Bank Planning CBDC Launch by End of 2021

Blockchain53 mins ago

DeFi Technologies Announces Agreement with SDK:meta

Blockchain53 mins ago

DeFi Technologies Announces Agreement with SDK:meta

Blockchain53 mins ago

DeFi Technologies Announces Agreement with SDK:meta

Aviation57 mins ago

KLM CEO Sees More Efficient Planes as the Fastest Way to Hit Climate Goals

Crowdfunding59 mins ago

London’s DNA Payments Group Enters £100M Deal with Alchemy Partners

Blockchain1 hour ago

I Like Bitcoin as a Portfolio Diversifier, Says Tudor Jones

NEWATLAS1 hour ago

Liquid metal mirrors switch reflectivity on and off with a zap

Blockchain1 hour ago

Kraken Daily Market Report for June 14 2021

Blockchain2 hours ago

Since It Adopted Bitcoin As Legal Tender, The World Is Looking At El Salvador

Crowdfunding2 hours ago

Equifax UK Updates Flagship Credit Risk Product, Risk Navigator 5, Will Support Improved Decision-Making

Blockchain2 hours ago

HaloDAO to Hold Anticipated Initial DEX Offering on SushiSwap MISO on June 24

Blockchain2 hours ago

Bitcoin Surges Past $40K as Paul Tudor Jones Wants 5% Portfolio Allocation to BTC

Blockchain2 hours ago

Trality: Algorithmic Trading in the Unpredictable Cryptocurrency Market

Blockchain2 hours ago

Cryptocurrency Exchanges in South Korea to Be Classified as Highly Risky

Blockchain2 hours ago

Central American Financial Institution to Help El Salvador Implement its Bitcoin Legalization 

Blockchain2 hours ago

Why Mexico’s ‘Club Necaxa’ is selling 1% of itself as an Ethereum NFT

Start Ups2 hours ago

Upflow raises $15 million to manage your outstanding invoices

Crowdfunding2 hours ago

Nomura has Chosen Refinitv, a Financial Market Solution Provider, to Support Wealth Management in Singapore, Hong Kong

NEWATLAS2 hours ago

Vitamin D deficiency linked to opioid addiction

Trending