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We’re thrilled to announce that Big Time (BIGTIME), Drift Protocol (DRIFT) and Portal (PORTAL) are now available on Kraken! Funding and trading BIGTIME, DRIFT and PORTAL funding starts now and trading will be live on June 20. Add your tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Make […]
The post Trading for BIGTIME, DRIFT and PORTAL starts June 20 appeared first on Kraken Blog.
Closely followed crypto strategist and trader Michaël van de Poppe is naming his top altcoin picks for the current cycle. In a new strategy video, Van de Poppe tells his 165,000 YouTube subscribers that Bitcoin (BTC) investors are likely to start funneling their profits into altcoins, sending alt projects much higher. “Altcoins are going to […]
The post Crypto Trader Michaël van de Poppe Outlines Top Altcoin Gems for This Cycle – Here Are His Picks appeared first on The Daily Hodl.
Binance plans to roll out support for a new cross-chain crypto gaming project via its Launchpool platform. The top global crypto exchange says the 47th Binance Launchpool project will be Portal (PORTAL), a project that aims to unite games from different blockchains on its cross-chain token platform. Launchpool allows users to stake coins to farm […]
The post Binance Announces Support for New Cross-Chain Crypto Gaming Project on Launchpool appeared first on The Daily Hodl.
Polygon’s scaling solution hosts in excess of 400 decentralized applications across a 1.5 million user base.
Decentralized exchange, or DEX, and self-custody wallet platform Portal has announced a strategic partnership agreement with layer-two blockchain network Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market.
Portal currently offers fully decentralized on-chain spot and options trading, as well as peer-to-peer lending and borrowing. This partnership is expected to expand these user capabilities through the enablement of zero-knowledge swap functionalities for wBTC/BTC as well as POS/WBTC to BTC, in addition to Polygon operating a liquidity-supporting node on Portal DEX.
Portal's primary objective is to cultivate a self-governing, anonymous and uncensored ecosystem for Bitcoin on DeFi. The platform's utilization of Bitcoin's hash time-locked contracts grants users robust security in their transaction activities, while its layer-three technology, Fabric, enables the deployment of typical smart contract functionalities such as staking and liquidity,
Executive chairman of Portal Dr. Chandra Duggirala commented on the potential for the enhanced usability of Bitcoin in the DeFi space.
“Given that Portal is a DeFi layer on Bitcoin, we are excited to partner with Polygon to enable WBTC/BTC and POS-WBTC to BTC swaps. We believe that having liquid markets and enabling price discovery will appropriately price wrapped Bitcoin based on risk and enables increased usability for Bitcoin.”
Related: No more wrapped Bitcoin? This DeFi platform brings native BTC lending to Ethereum
In late September, Portal benefitted from an $8.5 million funding raise with participation by a panoply of institutional powerhouses, including, but not limited to Coinbase Ventures, Arrington XRP Capital, OKEx, in addition to senior figures from Ethereum, Dfinity and Galaxy Digital, among others.
Founder of Portal George Burke shared a humorous entry from the firm's monthly Memeathon, a light-hearted competition that invites community members to engage in the much-loved social sport of "meme-ing." The winner of the October competition can be seen here.
Awesome submission to Portal's #PortalMemeathon https://t.co/WITxZaCQpZ
— George Burke (@geoburke) October 29, 2021