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BlockDown: DeFi institutional adoption is booming but gas fees hinder growth

The BlockDown panel discussed the current issues but also the potential improvements for DeFi. Panelists at a DeFi-focused talk held at the BlockDown conference on Thursday expressed their optimism at the past and future growth of decentralized finance, but highlighted the hurdles to adoption due to congestion on Ethereum. The panel, titled “DeFi’s newest waves,” featured Anton Bukov, co-founder of 1inch Network, Ajit Tripathi, head of institutional business at Aave, Hyung Lee, CEO of B.Harvest, and Eric Chen, co-founder of Injective Protocol. The panel was moderated by Cointelegraph’s technology editor Andrey Shevchenko (yours truly). Bukov characterized the current crypto cycle…

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1inch Network (1INCH) Launches Official Landing Page 

1inch Network (1INCH), has announced the launch of its official landing page,1inch.io. The team says the new website is designed to give users an overview of the project and the essential components of the 1inch Network, according to a Twitter thread on April 8, 2021. A Steady Progress  In a bid to make it easier Read More

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1inch Rebrands to 1inch Network: Plans Further Network Development

The popular Decentralized Finance (DeFi) platform 1inch is expanding its scope by creating multiple teams, protocols, and chains, all based around the idea of providing instruments for users to maximize their financial opportunities in DeFi. What started as the winning project in a hackathon, quickly grew to become one of the favorite DEX for users in the DeFi ecosystem. The rebranding of the platform will now see the project evolve further. Calvin Liu, the Strategy Lead at Compound Labs, commented on the move by saying: “1inch has one of the sharpest and best-executing teams I’ve ever had the pleasure of…

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1inch, Celsius (CEL) and PancakeSwap (CAKE) rally as traders return to DeFi

Lucrative staking pools and reduced transaction fees are luring DeFi investors to 1inch, Celsius and PancakeSwap. Bitcoin’s (BTC) range-bound action since its breakdown at the $61,000 level has confused analysts. Some are projecting that a sharper correction could be in development while others remain steadfast in their belief that the uptrend will resume shortly. According to data from Ecoinometrics, history suggests that Bitcoin price breaks out between 300 and 350 days following a supply halving. Currently, 329 days have passed since the latest halving, and if history repeats itself Bitcoin could soon witness a breakout. Crypto market data daily view. Source: Coin360An…

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1inch announces rebrand to ‘1inch Network,’ laying groundwork for expansion

Multiple teams, protocols and chains mean 1inch is growing fast Decentralized finance platform 1inch announced today a rebrand to “1inch Network” — a facelift designed to better reflect the current and future state of the multi-chain, multi-protocol platform as it continues to grow, according to 1inch co-founder Sergej Kunz. “For us it is a logical move. Me and Anton started with just an aggregation protocol at the ETHNew York hackathon in 2019 and now we have the whole ecosystem of protocols, such as: 1inch Liquidity Protocol (prev. Mooniswap), 1inch Aggregation Protocol, instant governance and the 1INCH governance/utility token,” he said.…

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Coinbase Will List 1inch, Enjin, NKN, and Origin Token

Coinbase has announced that it will list four new cryptocurrencies for trading: 1inch, Enjin Coin, NKN, and Origin Token. Coinbase Listing Spree Accelerates In a recent blog post, Coinbase Pro announced that starting today, Apr. 7, users will be able to transfer 1inch, Enjin Coin, NKN, and Origin Token to their respective accounts. Trading will begin after two days, on Apr. 9, if “liquidity conditions are met.” Once a sufficient supply of 1INCH, ENJ, NKN, and OGN is established, all of these altcoins will be available for trading against Bitcoin, the U.S. dollar, the Euro, and the British Pound. Order books…

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Binance Labs-funded 1inch partners with Hacken to tackle DeFi security

Decentralized crypto-exchange 1inch announced today that it is collaborating with cybersecurity solutions provider Hacken to improve the platform’s security by auditing its code, APIs, and infrastructure. According to the press release, the Hacken team would focus particularly on serving as a cryptocurrency exchange auditor. Hacken was previously in the news after it announced its integration […] The post Binance Labs-funded 1inch partners with Hacken to tackle DeFi security appeared first on AMBCrypto.

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Ethereum’s 1inch DEX Aggregator: Riding High on New Seed Funding & Mooniswap Unveil

1inch, the team behind the 1inch.exchange decentralized exchange aggregator that optimizes trades by splitting them across multiple DEXes, is riding high after completing its inaugural funding round. Announced on Tuesday, August 11th, the $2.8 million seed fundraise brought in investments from more than a few cryptoeconomy heavyweights. The round was notably led by Binance’s accelerator arm Binance Labs and also included investments from Dragonfly Capital, FTX, and Galaxy Digital. The participation of Binance Labs is particularly interesting, insofar as the wider brand’s Binance Smart Chain (BSC) effort is a aspiring competitor to Ethereum and the Ethereum-centric DeFi ecosystem, of which…

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1inch DEX Aggregator Raised $2.8 Million In Binance Labs Funding

1inch DEX aggregator has successfully raised $2.8 million in a financing round by Binance Labs as a venture arm of the leading crypto exchange as we are reading further in the upcoming Binance news. The 1inch DEX aggregator that sources liquidity from multiple platforms raised about $3 million in a funding round led by Binance Labs. There were other prominent participants such as Libertus Capital, Galaxy Digital, Greenfield One, FTX, Divergence Ventures, and more.  The decentralized exchange aggregator had successful completion of the funding round that came shortly after the DEX aggregator reached a huge milestone of more than $1…

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DEX aggregator 1inch secures $2.8M funding round led by Binance Labs

The team of DEX aggregator 1inch, today announced it has closed a $2.8M funding round from institutional investors, including Binance Labs, which led the funding round, as well as Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, Divergence Ventures, Loi Luu, the Founder of Kyber Network, and Illia Polosukhin, the Co-Founder of NEAR Protocol. The first round of investment follows 1inch’s recent milestone of $1B in overall volume. 1inch is a decentralized exchange aggregator that sources liquidity from various exchanges. This aggregator uses smart contract technology to split a single trade transaction across multiple DEXs –…

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