dTRINITY has launched its subsidized lending protocol on the Fraxtal layer-two network, aiming to reduce borrowing costs and enhance yields for stablecoin users. The protocol utilizes dUSD, a stablecoin backed by an on-chain reserve, to provide interest rebates for borrowers, potentially leading to negative interest rates. With strategic partnerships and plans for expansion to Ethereum and other blockchains, dTRINITY seeks to optimize liquidity and user incentives in the DeFi space.
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Generated 0 posts last week Trump’s Crypto Ventures and Legislative Challenges in the Lame Duck Session
Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.
read morePaxful: A Peer-to-Peer Crypto Exchange Platform Overview
Paxful is a peer-to-peer crypto exchange platform with over 300 payment methods, offering secure transactions through an escrow service. Users can buy and sell Bitcoin and Tether, with four verification levels and varying buying limits. The platform also provides a free Bitcoin wallet, 24/7 customer support, and a mobile app for convenient transfers.
read moreBinance Launches Portal (PORTAL) on Binance Launchpool for Farming
Binance has announced the launch of Portal (PORTAL), a cross-chain gaming platform, with staking opportunities for BNB and FDUSD holders to farm PORTAL tokens over seven days. The farming period will start on 2024-02-22 00:00 (UTC), with PORTAL listing on Binance set for 2024-02-29 10:00 (UTC). Users are advised to refer to the original announcement for the latest information and eligibility criteria.
read moreKenya’s Progress in Regulating Cryptocurrency: The VASP Bill Development
Kenya faces potential inclusion in the FATF “grey list” due to deficiencies in its anti-money laundering and counter-terrorist financing systems. The country’s parliament has tasked the Blockchain Association of Kenya with developing the preliminary edition of the Virtual Asset Service Providers (VASP) bill to regulate cryptocurrency transactions, as Kenya grapples with the increasing adoption of virtual assets.
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