Category: Cryptocurrency News

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Kraken’s CEO admitted that the firm could be forced to freeze some wallets by the police, advising to move crypto out of exchanges.

The DeFi market capitalization in 2021 reached $170 billion. At the same time, the opportunities of many decentralized platforms are still limited. Currently, DEXs have only a basic set of services for users, such as growing liquidity or lending. However, the potential of the DeFi market is much greater than what is presented now, and the founders of the Ray.sX project prove this. They have created their own open marketplace for DEX apps where anyone can offer their product or service for the DeFi market. New tools for the DeFi Today, the DeFi space needs new solutions to further expand the opportunities of the existing DEXs. “If you examine the current DEX market, you will find out that it’s like an overlay of SWAP on SWAP. Most of the popular DEX and decentralized platforms have very limited in terms of their functionality. For example, they do not offer limit orders or complex scripts. However, our platform creates an open environment for developers to develop useful apps for the DEX,” said George Gus, founder of Ray.sX. The Ray.sX platform provides an opportunity for professionals to offer their own turnkey DeFi solutions. This creates a direct interaction between developers and DeFi users. In practice, this works simply. You have an application that allows users to create limit orders on the DEX. However, you as a developer cannot find ways to sell it to this very DEX. This is where Ray.xS helps. Just sign up on the platform, give your app details and create an offer to sell the solution on the platform. Investors and DEX representatives can then contact you if they are interested in the application. Thus, using Ray.xS, you can easily and effectively monetize the development of your solutions. DEXtools: all statistics for decentralized finances on one platform In addition to developing a marketplace for DeFi applications, Ray.xS is also developing its own analytics tools. With their help, you can simply and conveniently monitor key indicators and group them according to specific criteria. “Today, the most popular tool for analytics in the decentralized finance world is DEXtools. We provide a wide range of tools for the DeFi. They allow users to track new liquidity pairs, multi-swap dynamics, or wallet activity. Moreover, they also offer a number of other parameters. For example, token overview, coin prices on various platforms, transaction history, and trading volumes on various DEXs,” explains George Gus. In other words, Ray.sX users can follow all DeFi statistics on one universal platform. All analytics are available in the form of clear and accessible graphs and charts. In addition, analysts and developers who are not part of the Ray.sX team can provide their own solutions for collecting and monitoring statistics. Such products may be included on the Ray.sX platform. RAX token as the main monetization tool The native RAX token is the main instrument of the Ray.sX platform used for payment, turnkey solutions from DEXs, platforms, and aggregators. “RAX will connect buyers, investors, and developers. The token will be used both to pay for ready-made solutions and to invest in projects that are under development. These key features will unify all internal token exchanges and lead to the use of a single payment and investment unit,” said George Gus. The Ray.sX’s token will be available on the project’s platform and DEX after the final development phase is completed. “Now we are working on partnerships with investment funds and developers who can offer their unique solutions to the world of DeFi,” concluded George Gus. Summary 2022 is a year of active growth of the DeFi market. This sector can enhance the user experience with new tools for trading, lending, and investing. For this reason, DEX is already looking for modern, effective, and most importantly, simple and understandable solutions for its customers. Ray.sX can be an open platform that brings together investors, consumers, and developers, who will launch its own application market. DEX Unlimited: How Ray.sX Builds an Open Apps Marketplace for the World of Decentralized Finance The market capitalization of DeFi reached $170 billion in 2021. However, many platforms for decentralized finance have not yet been used. Currently, most DEXs only require a few basic user services, such as liquidity growth or lending. However, the potential of the DeFi market is greater compared to the current state. This is proven by the founders of the Ray.sX project, who are developing the marketplace for all DEX apps to let everyone offer their product or service for the DeFi market. New tools for DeFi Now the DeFi sector requires new solutions to expand its capabilities and attract a large number of users. In addition, it is necessary to expand the functionality of the reverse DEX. “If you use the DEX market, you will find that this can lead to SWAP overlapping with SWAP. Most of the popular DEXs and other decentralized platforms have very limited functionality. For example, they do not return limit orders or complex scripts. However, our platform creates an open development environment for useful DEX applications,” said George Gus, the founder of Ray.sX. Thanks to Ray.sX, it is possible to offer your own turnkey solutions for DeFi. In addition, the platform creates all conditions for direct interaction between developers and users. For example, the team has a ready-made application that allows users to receive limit orders on the DEX. However, they cannot sell the DEX solution for some reason. Ray.xS will help in this situation. Simply register on the platform, use your application data and create offers for selling solutions on the platform. Investors and DEX representatives can contact you if they are interested in the application. Thus, using Ray.xS, you can easily and freely monetize the development of your solutions. DEXtools: all decentralized finance statistics on one platform In addition to developing a marketplace for DeFi applications, Ray.xS also provides its own DeFi analytics tools. This way, users can easily and conveniently evaluate high scores and group them by criteria. “Today, the most useful app for analysts in the world of decentralized finance is DEXtools. We offer a wide range of DeFi tools. They allow users to create new liquidity pairs, multiple swap dynamics, or wallet activity. In addition, they also return a number of other parameters. For example, an overview of tokens, coin prices of different platforms, transaction history and trading volumes on different DEXs,” George George Gus. In other words, Ray.sX applications track all DeFi statistics in one versatile and convenient platform. All analytics are available in the form of clear and transparent graphs and charts. Third-party analysts and contributors outside of the Ray.sX team select their own meetings to collect and monitor statistics. Such products include Ray.sX. RAX token as the main monetization tool The native token of Ray.sX (RAX) is the main tool of the platform that is used for access to payment, purchase of ready-made solutions from DEX, platform, and aggregators. “RAX will connect buyers, reach, and attract. The token will be in the Republic both for paying for ready-made solutions and for investing in projects under development. These key features unify all bulk token exchanges and drive a single payment and investment benefit,” said George Gus. The RAX token can be purchased on the Ray.sX and DEX platforms after the completion of the final development stage. “We are currently working on partnerships with investment funds and developers who can offer their private solutions to the DeFi world,” George Gus. Summary 2022 has the prospect of growth for the DeFi market. This sector can join forces using new tools for trading, lending, and investing. For this reason, DEX is already looking for projects with modern, constructive, mostly simple, and practical solutions for its customers. Ray.sX has the potential to be the kind of platform that brings together exposure, consumers, and engagement that will be late in its own app market.  

Monero (XMR) is trading at $172.80, down 4.61% with a low of $171.473 and a high of $183.58 in the last 24 hours. The crypto has a market capitalization of $3,126,923,853, and a price nearing the $170 resistance threshold. According to Coindesk’s price research, bearish swings are back, and price increases have been slower than in previous months because of the downward trend. Monero is going bearish again following a decrease in the XMR/USD market, as a result of negative news coming from Canada. Monero (XMR) Bullish Indicators At the time of writing, technical analysis by CoinCodex shows that short-term sentiment on XMR has become neutral, with 17 indicators flashing bullish signs versus 12 bearish signals. According to TradingView data, the daily simple and exponential moving averages are showing buy signals, while the relative strength index (RSI) was at 55.4 as of February 16. A reading of 30 or less on the RSI suggests that the market is experiencing an oversell. XMR total market cap at $2.964 billion in the daily chart | Source: TradingView.com Related Reading | Monero Featured In Last Week Tonight, Essential Tool In “Ransomware Economy”? Due to adverse market movement, the cryptocurrency has shown a slow decline. The price has been falling in the previous hours as the negative trend rises. Experts describe Monero’s overall market position as “less lucrative.” Canadian Emergencies Act Deals Blow On XMR Canadian Prime Minister Justin Trudeau’s imposition of the country’s Emergencies Act is taking a heavy toll on several cryptocurrencies, including Monero (XMR). The crypto joins a list of other key digital assets the Canadian government bans in the face of ongoing protests in Ottawa by the Canadian Freedom Convoy (CFC). Related Reading | Monero (XMR) Readies For A Breakout As It Touches Important Milestone Authorities want to reduce the amount of money protesters allegedly utilize, which comes from assets and contributions of digital currencies like Bitcoin, Cardano and Monero. An emergency measures act has been passed to ban future funding to trucker-based activists who are opposing the country’s COVID-19 vaccine mandate. Monero (XMR), according to reports, is being used to sponsor the protesters, who have so far received $870,000 to $1.1 million in cryptocurrency donations. Because of its decentralized status and low charges, a good number of donors choose to pay for their donations using cryptocurrencies such as Monero. Monero (XMR) Seen To Make Strong Rally Meanwhile, analysts anticipate that the value of XMR will likely climb between now and the end of 2022. Based on current data and the coin’s recent successes, the majority of cryptocurrency experts predict that the price of Monero will rise in the near future. The combination of technology and positive crypto market dynamics gives XMR a strong possibility of becoming one of the most traded cryptocurrencies this year. Monero is in high demand as a mode of payment on the dark net, primarily because it provides a high degree of anonymity in terms of transactional information. Featured image from Reddit, chart from TradingView.com

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Been asked many times how I'm earning so much passive income from ETH, and sick of explaining, so decided to write a quick how-to. Disclaimer: not sure how long this method will work as the interest rates are currently higher than the market would normally dictate, but since coins can be unstaked immediately without penalty,…
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The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its businesses and customers safe.” Strengthening the Cardano Brand The […]

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Blockchain and the play-to-earn gaming movement could become even more addictive in 2022 as popular game developer Zynga fleshes out its team.