Nimbus: The Next Big Thing in DeFi
The Nimbus FinTech platform has accumulated 50,000 users since its founding in 2019. The official launch of their new products, Nimbus DeFi Platform and native utility token NBU is planned for 27th January 2021. Nimbus Platform will be a full-scale DAO-governed ecosystem of four decentralized applications (dApps), based on the best practices of both DeFi […]
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The term FinTech – short for financial technology is relatively new, popularized by over a decade-old cryptocurrency revolution. The latest development in the blockchain-backed FinTech industry is decentralized finance (DeFi). What makes DeFi special is its potential to provide alternatives to many traditional financial products and services at a fraction of the cost while reducing […]
A DAO-governed platform that offers to users over ten revenue streams such as IPO participation, Nimbus has recently announced the launch of its Governance Token, GNBU. GNBU will be launched on the 10th of March 2021, at 12 PM GMT on their official website. This launch will help the company become a complete decentralized ecosystem […]
Despite some “unanticipated consequences,” the testnets were instrumental in stress-testing Eth2. After years of delays and changes in plans, Ethereum 2.0 is finally approaching release on Dec. 1.Ethereum 2.0 Phase 0 is introducing the long-awaited mechanism of staking to the smart contract platform, in addition to launching the skeleton of a future Eth2 blockchain, the Beacon Chain.Progress in 2020 steadily picked up pace as more and more testnets were introduced and iterated on. While they were successful in aggregate, they were not exempt from problems related to synchronization and....
While Islamic scholars have long wrestled with the question of whether cryptocurrency is halal, what if its really fiat that isnt permissible?Islam has strict rules around finance, and it historically defines currency as commodities with intrinsic value gold, silver, or salt, among others. Waseem Mamlouk, from the DeFi platform Nimbus, argues that government-issued fiat currencies do not have any intrinsic value and may be incompatible with a careful interpretation of Sharia law. This would pose a problem for the burgeoning Islamic finance industry, which aims to produce financial returns....
They say the bigger they come, the harder they fall, and DeFi sure fell hard during this market dip. With that, NFTs have suddenly become the next big thing. NFTs are unique tokens that are not interchangeable as a result of their distinctive characteristics. As “one-offs,” the idea of investing in NFTs is gaining ground. […]