Singapore-based exchange giant Crypto.com is listing two more small-cap altcoins for trading, including one decentralized finance project that has shot up a whopping 369% in the past month. First up is the 569th-ranked crypto asset by market cap Crypterium (CPRT), which is trading at $0.72 at time of writing compared to $0.15 one month ago. […]
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Coinbase is expanding its crypto footprint by extending custodial services support to over half a dozen new altcoins. In a new tweet, the US-based cryptocurrency exchange says it’s adding eight new cryptos to its roster of 150+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals […]
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Six altcoins are riding the valuation roller coaster after a surprise listing by top US crypto exchange Coinbase. In a new blog post, Coinbase says that five Ethereum tokens and one other altcoin will start trading on Coinbase Pro once appropriate liquidity conditions are met. The Ethereum token API3 (API3) powers a protocol focused on […]
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The integration will allow for open-source development of niche, data-driven smart contracts
Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector.
In its primary showcase of utility, the project constructed a decentralized application (dApp) —accessible on both the Ethereum and Testnet blockchains — which enables participants of DeFi to access stock trading data from some of the world’s largest financial marketplaces including the Nasdaq, New York Stock Exchange (NYSE) and Hong Kong Stock Exchange (HKEX).
With the introduction of these services, decentralized data sharing network Measurable aims to advance the DeFi industry into the mainstream, unifying the divide between the real-life and on-chain worlds.
Oracles are third-party external data sources such as global temperature levels or sports scores that exist outside of the blockchain sphere but can be used to verify smart contracts. They can be likened to application programming interfaces that enable interoperable communication with two software entities.
Projects within the blockchain space that utilize this technology include Chainlink (LINK) and Band Protocol (BAND), among others.
Related: How will blockchain technology help fight climate change? Experts answer
Co-founder of Measurable Data Token, Heatherm Huang, spoke of data as a superpower in the capital markets, continuing on to say:
"If DeFi is to go mainstream, DeFi innovations and Dapps have to connect with the external context. MeFi serves as the 'Bloomberg on blockchain' — its secure connections between blockchain smart contracts and capital markets help developers access reliable external financial data on-chain."
In addition to this integration, the project has also expressed ambitions to expand the scope of financial data to include derivatives and exchange-traded funds through the adoption of its native token MDT.
