In 2024, More Institutions Will Look to DeFi for Regulated Solutions
Today's Crypto News Swarm Co-founder Foresees 2024 as a Crucial Year for DeFi, Bitmain Increases Mining Rig Prices, and Other Updates!In 2024, more institutions will turn to DeFi for regulated solutions. Also, here’s more crypto news.
Get ready for some exciting developments in the world of decentralized finance (DeFi) in 2024! According to Philipp Pieper, co-founder of blockchain platform Swarm Markets, this year is set to be a game-changer for DeFi. In an email, Pieper noted that DeFi is poised to expand its offerings and attract more interest from traditional finance institutions. đ
The Rise of DeFi and Traditional Finance Crossover
DeFi has been gaining traction over the past few years, offering a decentralized alternative to traditional financial services. With the growth of DeFi, more institutions are expected to explore regulated solutions within the DeFi ecosystem.
Pieper predicts that DeFi will see significant growth in the value of digitized tokens backed by real-world assets. These regulated tokens offer a bridge between the traditional financial system and the blockchain world, providing institutions with a way to leverage the benefits of DeFi in a regulated manner.
The Potential of Regulated DeFi Solutions
The demand for regulated DeFi solutions is expected to be massive. As the regulatory environment becomes more mature and confidence in the markets increases, institutions are likely to turn to DeFi for their financial needs.
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With blockchain infrastructure becoming more robust, institutions can finally enjoy the benefits that many in the sector have been anticipating for years. This includes streamlined ownership, transaction, and record-keeping processes, all enabled by the power of decentralized technology.
Pieper emphasizes that the potential of the institutional demand for DeFi solutions cannot be understated. There are enormous pools of assets waiting to adopt on-chain solutions, and the regulated DeFi sector is perfectly positioned to meet this demand.
đ€ Q&A:
Q: What types of assets can be tokenized and brought onto the blockchain? A: Virtually any real-world asset can be tokenized and represented on the blockchain. This includes assets like real estate, fine art, commodities, and even intellectual property.
Q: Will regulated DeFi solutions have the same level of security as traditional financial institutions? A: Regulated DeFi platforms prioritize security and compliance measures just like traditional institutions. They implement robust security protocols and regulatory frameworks to protect usersâ assets and provide a safe and trustworthy environment.
Bitmain Raises Rig Prices and Expands Self-Mining
In the world of cryptocurrency mining, news of rig price increases has caught the attention of many. Bitmain, the renowned miner manufacturing giant, has recently raised the prices of its rigs, albeit not as steeply as the surge in Bitcoinâs hash price.
According to Miner Weeklyâs latest report by BlocksBridge Consulting, contracts from a public mining company confirm a gradual increase in rig prices over three months. Although the increase was not substantial, there was a clear upward trend.
Additionally, Bitmain has significantly expanded its mining fleet in the United States. Core Scientific, under Chapter 11 reorganization, received approval from the bankruptcy court to purchase 27k S19j XPs from Bitmain and provide hosting for another 27k S19j XPs. This expansion demonstrates Bitmainâs commitment to expanding its mining operations.
Bybit Crypto News: Introducing NFT Pro
Bybit, a leading crypto exchange, has made an exciting announcement. Its Web3 unit has unveiled NFT Pro, a platform that aims to simplify NFT exploration and navigation within the Web3 ecosystem.
NFT Pro acts as a bridge between Web2 and Web3, welcoming collaborators from the traditional web. It offers exclusive early access to NFT collaborations with global musicians, artists, athletes, and cultural icons through branded NFT stores and exclusive drops.
The platform integrates with various NFT marketplaces, enabling users to buy NFTs directly within the platform. It also introduces a smart market comparison selection that ensures competitive fees and faster transaction speeds.
To encourage active participation, NFT Pro rewards users with points for every NFT purchase and trade. These points unlock access to exciting prize pools and exclusive NFTs, making the entire experience even more rewarding.
WEMADE Crypto News: Pre-registration for MMORPG âNight Crowsâ Now Open
Attention all gamers! Global pre-registration for âNight Crows,â an MMORPG published by WEMADE and developed by MADNGINE, has officially begun. This highly anticipated game, based on the powerful Unreal Engine 5, supports cross-play between mobile and PC platforms.
WEMADE has leveraged blockchain technology to implement a multi-tokenomics system, tokenizing core in-game items. Through an omnichain network strategy, the game will be connected with WEMIX3.0 and other blockchain networks, inviting users from different platforms to enjoy the benefits of tokenomics.
The in-game economy will also feature character NFTs, where each NFT is created by compressing the character and userâs game data. This integration of NFTs adds a new dimension of collectability and value to the gaming experience.
To celebrate the pre-registration, WEMIX3.0-based DAO and NFT platform NILE are offering âThe Night is Comingâ NFT collection. These NFTs can be exchanged with âCROW,â the key token of Night Crows, once the game is launched on April 1.
đ References:
- Swarm Markets – A blockchain platform providing insights on DeFi and crypto predictions.
- Awesome Linking – An informative resource offering predictions and insights into DeFi trends.
- Blocking.net – A website covering the latest mining news and trends, including Bitmainâs rig price increases.
- Bitcoin Miner – A leading Bitcoin mining company discussing Bitmainâs rig prices and CleanSparkâs preorders.
- Bybit – A prominent crypto exchange unveiling NFT Pro and its functionalities.
- Core Scientific – A company specializing in blockchain and AI technologies involved in Bitmainâs expansion.
- WEMADE – The publisher behind Night Crows, a highly anticipated MMORPG utilizing blockchain technology.
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Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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