Umbrella Financial Services Arrive on Cardano and Avalanche with ADA Finance’...
Blockchain technology is disrupting the way people interact with the financial world. Decentralized finance, or DeFi, has quickly become a popular way for users to participate in financial services by interacting with smart contracts written on blockchains. Two powerful blockchains, Cardano and Avalanche, are host to an innovative kind of DeFi protocol that promises to […]
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Smart contracts, especially for DeFi, are becoming a data-intensive industry. Oracle services are helping to bridge the gap. Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also enables users to stake and farm crypto tokens....
Cardano founder Charles Hoskinson has categorically dismissed rumors linking hip-hop artist Kanye West, now known as Ye, to a proposed token launch on the Cardano blockchain. In a brief video posted on X (formerly Twitter), Hoskinson poured cold water on speculation that Ye might roll out a cryptocurrency project under Cardano’s umbrella. No Kanye West […]
With a market valuation of $28.68 billion, Cardano (ADA) has claimed the 9th position in cryptocurrency market capitalization, surpassing Avalanche (AVAX). Despite recent inflows into its ecosystem, the coin beat Avalanche’s $22.28 billion to attain the title of 9th largest coin. As the value of Cardano’s ecosystem has skyrocketed, so too have funds flowing into it. From roughly $1.7 million in mid-January to a present-day total value locked (TVL) up at just under $315 million – or a 18420% increase. The Cardano team has entered the third phase of its construction, a....
“In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights,” says AllianceBlock founder and CEO Rachid Ajaja. AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol. Once completed, the product integration will allow users to access AllianceBlock’s DeFi Investment Terminal, P2P financial services, nonfungible token capabilities and KYC solutions directly on Avalanche. The....
Cryptocurrency is a world full of “firsts”. Bitcoin was the first coin, Litecoin was the first scrypt coin, Peercoin first established POS, Darkcoin was the first successful privacy centric coin, things like that. Today I’m here with Robert Murray, owner and founder of Umbrella Holdings. Umbrella plans on releasing cryptocurrencies which will help insure losses against Bitcoin and Litecoin right now, with potentially more in the future. Umbrella is an insured cryptocurrency that is designed to be merged-mined alongside a parent coin, usually the industry leader in terms of market cap for....