Payments-focused cryptocurrency Dash now has a bridge to DeFi

Dash (DASH) holders will soon be able to access a wide range of decentralized finance, or DeFi, services through a collaboration with StakeHound. According to an announcement on Oct. 19, tokens which are deposited with StakeHound will also earn network rewards through the Dash masternode system. In order to take advantage of the burgeoning DeFi market, Dash holders must send tokens to StakeHound, who will then instantly generate and send back a wrapped ERC-20 representation called stakedDASH. StakedDASH will be tradable and usable in major DeFi platforms such as UniSwap,…

Read More

NIX Bridge Token, the Gateway to Private DeFi – Presale Now Live

It has become impossible to imagine the cryptocurrency market without DeFi. The exponential growth this field is experiencing has also sparked interest among those concerned about the state of privacy. NIX Platform recently announced a unique advancement within the privacy field by developing the NIX Bridge solution for tokenized chains and DeFi applications in cooperation with Blockchain Foundry. The NIX Bridge will set the foundation for true zero knowledge proof interoperability within and across entire blockchains and assets, and will greatly enhance the presence and exposure of NIX Platform to…

Read More

Bridge Oracle IEO Launches with Bitcoin.com Co-Founder Mate Tokay as Advisor

8th September, 2020, Kuala Lumpur, Malaysia – Bridge Oracle may very well be on the cusp of achieving the holy grail of the crypto-sphere: mass adoption. Between blockchain’s theoretical superiority based on hard code, and the nuanced language that is real life, it finally provides the means for the physical world to convey information to a form that blockchain programming can understand. On 15th September, Bridge Oracle will launch their IEO on bw.com, becoming the first public oracle system on the TRON network. This project has already allied itself with…

Read More

A new Polkadot to Ethereum bridge could enable cross-chain DeFi composability

A new project building on Polkadot wants to create a comprehensive bridge with Ethereum that would eventually relay direct smart contract instructions. The bridge is being developed by Snowfork, a software development company. The initial implementation is fairly straightforward, only allowing Ether (ETH) and ERC-20 tokens to be transferred over to Polkadot. The bridge is also fully symmetric, as Aidan Musnitzky, Snowfork’s founder, told Cointelegraph. “Anything you can do in one direction, you can do it in the other,” he said. But while moving tokens around is an important part…

Read More

Binance to Transfer BUSD Across Blockchains on Syscoin-Ethereum Bridge

Major cryptocurrency exchange Binance plans to use a bridge between the Syscoin and Ethereum blockchains to move its Binance USD (BUSD) stablecoin between them. The bridge developed by Blockchain Foundry — the firm powering the Syscoin blockchain — will allow BUSD holders to move their tokens between the Ethereum and Syscoin blockchains. This will also make the stablecoin available on the Syscoin blockchain for the first time. Binance said, “Users can take advantage of Syscoin’s fast, scalable and low-cost transactions while also preserving the ability to leverage Ethereum’s smart contract…

Read More

Non-Custodial Bitcoin to Ethereum Bridge Shut Down After Two Days

The team behind the tBTC project, an effort to bring Bitcoin (BTC) over to Ethereum (ETH) through decentralized custodians, shut down the bridge just two days after launching it. The decision was disclosed on May 18 by Matt Luongo, the founder of Thesis, a company that backs tBTC through the Keep project. TBTC was launched on May 16 on the Ethereum mainnet, lasting only two days before a temporary shutdown option was executed by the team. While the team did not specify the reason for shutting down the protocol, it…

Read More

Vitalik Proposes Solution to ‘Embarrassing’ Lack of Bitcoin–Ethereum Bridge

Ethereum co-founder Vitalik Buterin posted a tweet on March 24 claiming that the continuing lack of easy movement between the Ethereum and Bitcoin networks was embarrassing. As a solution, he proposed putting resources into building a decentralized exchange (DEX), to act as a trustless bridge between the two. DEX should be trustless, serverless and Uniswap-like Buterin’s plan calls for the DEX to be trustless and serverless, with a user experience very similar to Uniswap. Uniswap is a decentralized exchange that runs without an order book, instead relying on asset pairs…

Read More