#allianceblock

Arbitrum One Gets Upgrade with AllianceBlock Launch on Nexera Exchange

(adsbygoogle = window.adsbygoogle || []).push();

Share this article

AllianceBlock, an established infrastructure provider for decentralized tokenized markets, has rolled out its newest product, Nexera Exchange. This launch incorporates an advanced on-chain order book protocol on Arbitrum One, signaling the company’s intent to reshape and deepen the liquidity dynamics in the world of decentralized exchanges.

💥 New Product Release!

Introducing AllianceBlocks Nexera Exchange: a revolutionary #decentralized exchange with an advanced on-chain limit order book functioning on @arbitrum ⛓

The future of trading is here. https://t.co/3eBzlk0plA

Find all the details:… pic.twitter.com/Yoxo88j7vN

— AllianceBlock (@allianceblock) August 15, 2023

Following the success of AllianceBlock DEX, the company’s earlier venture into decentralized exchanges, Nexera Exchange sets its sights on augmenting the user interface and optimizing liquidity mechanisms. This strategic move is designed to make the exchange more efficient, combining the robust features of DEX platforms with the ease of use typically associated with centralized exchanges:

A central component of the Nexera Exchange is its collaboration with Uniswap. Tapping into the liquidity of Uniswap V3, the integration promises seamless execution of limit orders, setting the stage for the exchange to position itself as an on-chain limit order book aggregator.

This would entail accessing the best liquidity options from a spectrum of DEXs, curating a refined decentralized trading environment:

“By leveraging an innovative on-chain order book protocol, Nexera Exchange bridges this gap, providing a decentralized trading experience that rivals the very best CEX platforms while amplifying the core strengths of AllianceBlock DEX.”

Nexera Exchange has revealed plans to introduce the execution of limit orders in its forthcoming phases. This transition is also anticipated to be bolstered by the implementation of a stability staking pool, encouraging traders to stake NXRA and, in return, earn a portion of the platform’s trading fees.

The impending release will feature advanced DeFi primitives, encompassing a range of tools designed to enrich the trading landscape. These will include innovations like Staking-Enabled On-Chain Order books and Dynamic Range Order Book Provision:

“The platform’s unique features aim to appeal to financial institutions and institutional traders and investors keen on entering the DeFi space with measures that minimize risks and ensure the safe trading of their real-world assets.”

Security and compliance remain top priorities for Nexera Exchange. Aimed at fostering trust in the global trading community, the exchange’s roadmap outlines the introduction of features such as decentralized KYC/AML processes, fractionalized NFT representation and gated liquidity pools, among others.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

(adsbygoogle = window.adsbygoogle || []).push(); #Arbitrum #Upgrade #AllianceBlock #Launch #Nexera #Exchange

AllianceBlock backed Nexera DEX eyes institutional adoption with decentralized KYC, AML

(adsbygoogle = window.adsbygoogle || []).push();

What is CryptoSlate Alpha?

A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›

Connected to Alpha

Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.

Oops…you must lock a minimum of 20,000 ACS

If you don’t have enough, buy ACS on the following exchanges:

Connect via Access Protocol

Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

(adsbygoogle = window.adsbygoogle || []).push(); #AllianceBlock #backed #Nexera #DEX #eyes #institutional #adoption #decentralized #KYC #AML

On August 15, AllianceBlock announced the launch of Nexera Exchange, a new decentralized exchange platform that uses a sophisticated on-chain order book technology to increase liquidity for a wide variety of digital currencies and tokenized assets.  Nexera Exchange is an expansion of AllianceBlock DEX, which was launched last year. AllianceBlock DEX leverages the power of a cutting-edge Automated…

In the fast-paced world of decentralized finance (DeFi), achieving a balance between innovation and compliance is crucial. With the rise of new ecosystems and the integration of traditional financial systems, there is a growing need for digital solutions that provide seamless onboarding, interoperability, and regulatory compliance. Among these solutions, the Arbitrum ecosystem stands out as a hub of innovation, attracting numerous integrations that are propelling the project to new heights.

Enabling a New Era of Fundraising

The DeFi landscape has always aimed to democratize and enhance accessibility. However, it has often faced challenges related to regulatory compliance and complex capital-raising processes. To address these hurdles, AllianceBlock introduces Fundrs, a peer-to-peer capital-raising protocol, into Arbitrum's digital architecture. Fundrs offers support for private sales, presales, and milestone-based financing, bringing a breath of fresh air for blockchain startups and crypto investors. This integration is now fully available to developers operating on Arbitrum.

Galileo Protocol Launches Through Fundrs on Arbitrum

The inaugural project to leverage Fundrs on Arbitrum is the Galileo Protocol. As a multichain protocol, it tokenizes physical assets into non-fungible tokens (NFTs), known as pNFTs, facilitating more liquid and reliable transactions. The symbiotic relationship between Fundrs and the Arbitrum ecosystem is poised to fuel further innovation and project launches in the near future.

The Power of Digital Identity Verification Made Easy

In the digital age, ensuring secure identity verification has become a pressing concern for businesses and users alike. Recent reports indicate that approximately 33% of Americans have experienced identity theft at some point in their lives. Furthermore, phishing, vishing, and smishing attacks impact over 300,000 U.S. residents annually, with personal data breaches surpassing 50,000 cases per year in the United States alone. The most vulnerable demographic to identity theft in the U.S. falls within the 30-39 age range. To streamline the self-sovereign identity issuance and verification process, AllianceBlock introduces NexeraID to the Arbitrum ecosystem. NexeraID enables companies to onboard users seamlessly to the web3 realm using self-custodial or custodial wallets. Additionally, it simplifies complex compliance workflows, ensuring the protection of users' identities and assets.

Simplifying Onboarding and Compliance with NexeraID

NexeraID comprises multiple modules designed to streamline adoption within the Arbitrum ecosystem. For businesses operating on Arbitrum, this means a smoother onboarding process for new clients and consumers, facilitating the adoption of mainstream users and institutional clients. The Compliance Module offered by NexeraID ensures businesses can maintain regulatory compliance while seamlessly integrating with individual dApps' workflows and unique use cases.

The Future of DeFi on the Arbitrum Ecosystem

The introduction of a peer-to-peer capital-raising protocol within the Arbitrum ecosystem opens up a world of opportunities for blockchain startups and crypto investors. As the demand for compliant DeFi products continues to rise—with DeFi funding increasing by 190% between Q1 2021 and Q4 2022—developers who choose to align with regulatory compliance through AllianceBlock's solutions stand to gain substantial financial and technological advantages in the near to mid-term. Moreover, the integration of NexeraID and Fundrs SDKs into the Arbitrum landscape paves the way for the development of groundbreaking, regulation-compliant web3 applications. As the tokenization and trading of assets on DeFi platforms intensify, adherence to regulatory requirements becomes increasingly important. By deploying AllianceBlock's solutions, developers are equipped with the necessary tools to meet these compliance demands while advancing the potential of DeFi. The future of this space holds intriguing prospects and will be worth monitoring closely.

Conclusion

The integration of AllianceBlock's solutions into the Arbitrum ecosystem revolutionizes compliance and innovation in the realm of DeFi. With the introduction of Fundrs, blockchain startups and crypto investors gain new avenues for fundraising, while NexeraID simplifies the identity verification process, ensuring secure onboarding. These advancements lay the groundwork for a more accessible and compliant DeFi landscape, attracting further investment and enabling the development of cutting-edge web3 applications. As the industry continues to evolve, the collaboration between AllianceBlock and Arbitrum promises to shape the future of decentralized finance. For more articles visit: Cryptotechnews24 Source: blockchainreporter.net

Latest Posts

AllianceBlock’s NexeraID has joined the World Wide Web Consortium (W3C) to influence the direction of self-sovereign identity solutions and contributes to developing global standards for identity management. The company building seamless gateways between decentralized (DeFi) and traditional finance (TradFi) announced NexeraID, AllianceBlock’s solution for self-sovereign identity issuance and…

AllianceBlock has partnered with Crunchbase to offer its business data to Data Tunnel users. The partnership will enable blockchain businesses and developers to create applications like default probability models, customer acquisition profiles, and untapped market maps using Crunchbase’s investment, funding, and industry trends data. The AllianceBlock Data Tunnel is a public marketplace for…

AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened

(adsbygoogle = window.adsbygoogle || []).push();

Source: AdobeStack / Sashkin

Self-sovereign financial services provider BonqDAO suffered $120 million in losses after a hacker exploited its oracle to manipulate the price of AllianceBlock tokens.

In a Thursday tweet, blockchain security firm PeckShield revealed that BonqDAO’s oracle was manipulated and used to increase the price of AllianceBlock tokens. The exploiter managed to do so by changing the updatePrice function of the oracle in one of BonqDAO’s smart contracts.

As per the PeckShield analysis, the project lost around $120 million as a result of the hack, which included 98.65 million BEUR tokens, worth around $108 million, and 113.8 million wrapped-ALBT (wALBT) tokens, worth around $11 million. 

In another tweet, the official Twitter account of BonqDAO confirmed the hack, saying that an exploiter “increased the ALBT price and minted large amounts of BEUR. The BEUR was then swapped for other tokens on Uniswap. Then, the price was decreased to almost zero, which triggered the liquidation of ALBT troves.” They added:

“Other troves remain unaffected. Bonq protocol has been paused. We’re working on a solution that will allow users to withdraw all remaining collateral without repaying BEUR in the troves. It will be released tomorrow morning CET.”

In an announcement, the team behind AllianceBlock said they are in the process of removing the liquidity and are halting all exchange trading. They also revealed their plans for compensating impacted users, which would include minting new ALBT tokens.

BonqDAO is a decentralized autonomous organization, an entity with no central leadership, that aims to provide self-sovereign financial services to individuals and businesses interest-free without giving up ownership of their assets.

AllianceBlock is a decentralized crypto infrastructure platform that connects fintech providers and traditional finance institutions to decentralized finance applications. 

The BonqDAO hack comes as crypto continues to remain rife with exploits and manipulations. As reported, the industry lost approximately $4 billion worth of digital assets to hacks, fraud, scams, and rug pulls last year. 

Among the various forms of illegal activities, hacks accounted for the bulk majority of crypto losses in 2022. More specifically, hackers stole over $3. 7 billion, or more than 95% of all crypto lost in the year. Frauds, scams, and rug pull comprised only 4.4% of the total losses. 

“In 2022, DeFi continued to be the main target of successful exploits at 80.5% as compared to CeFi at 19.5% of the total losses,” Immunefi said in a report, adding that DeFi suffered $3,180,023,103 in total losses last year, across 155 incidents. 

(adsbygoogle = window.adsbygoogle || []).push(); #AllianceBlock #Token #Price #Manipulated #Oracle #Hack #Heres #Happened