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SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange

The U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to restructure into a decentralized finance (defi) platform. Cryptophyl has revealed the trading platform will officially go offline on September 21 and is asking customers to withdraw before that period. Just recently the SLP token trading platform Cryptophyl has revealed it will be shutting down in the near future. The website will be taken offline by September 21, 2020, which gives customers ten days to remove funds off the exchange. Maintaining Cryptophyl has been difficult the team notes in a recent blog post and it wants…

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Bitcoin.com Wallet Reveals USDT Support – Users Can Swap and Store SLP-Based Tether

During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet users can now store the SLP-based stablecoin tether (USDT) in their wallets as well. Tether (USDT) is the most popular stablecoin in the crypto ecosystem to-date and Bitcoin.com Wallet users can now store, send, and receive the stablecoin at any time. News.Bitcoin.com recently reported on how the firm Tether Limited utilized the Simple Ledger Protocol technology in order to issue over 6 million SLP-based USDT. Today there are 6,001,007…

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$6M Worth of Tether on the Bitcoin Cash Chain Highlights the Benefits of SLP Tokens

During the first week of July, crypto supporters noticed that Tether issued 1,010 stablecoins via the Simple Ledger Protocol (SLP) framework on Bitcoin Cash. Now there’s a much larger amount of SLP-based tethers in circulation as the company has minted a total of 6 million on the Bitcoin Cash blockchain. Digital currency enthusiasts have been watching the Tether project grow for years now and to-date the firm has $9.8 billion in total liabilities according to the company’s transparency page. The USDT stablecoin is spread across various blockchains including Ethereum, Tron, Algorand, and EOS. Just recently, USDT was migrated onto the…

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