Coinbase Suddenly Lists Five New Altcoin Projects Triggering Parabolic Rallies

A surprise group of tokens is sizzling after a sudden listing by top US crypto exchange Coinbase.

In a new announcement, the exchange says that five low market cap altcoins will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Cryptex Finance is an Ethereum protocol whose native token CTX provides governance and security. The protocol manages a second token called TCAP which offers investors exposure to the total cryptocurrency market cap.

Cryptex Finance initially jumped 30.7% from $7.60 to $9.94 but has seen choppy price action since. It’s currently up 49.02% today and trading for $11.06.

Also getting the green light from Coinbase Pro is Dia (DIA), whose abbreviation stands for “Decentralized Information Asset.” The project offers cross-chain and open-source oracles for Web 3.0.

Dia roared 53.4% from $0.73 to $1.12 and has since fought its way to $1.20, marking a 54.19% gain on the day.

Next up is Maple (MPL), a financing protocol that offers both institutional borrowing and fixed-income lending across the decentralized finance (DeFi) space.

Maple immediately jumped from $9.92 to $11.71 but didn’t stop there. MPL is currently trading for $15.99, marking a total gain of 61.1%.

Another altcoin joining the Coinbase Pro roster is Pluton (PLU), a financial services app that’s based in Europe. Users can earn rewards as well as swap crypto assets on the platform.

News of the Coinbase announcement sent Pluton vertical, increasing 242% from $6.78 to $16.43 in a flash. PLU peaked at $17.44 before correcting, but remains up 143% on the day at $15.52.

Last on the list is Unifi Protocol DAO (NFI), which utilizes DeFi to allow staking with a number of digital assets.

Unifi Protocol DAO also shot off the launch pad and leaped nearly 42% from $4.43 to $6.29. UNFI has retraced a bit but is still up 30.36% on the day and trades for $5.76.

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DIA Migrates to IBM Cloud for Secure Decentralized Financial Data Protection

Swiss-based decentralized finance (DeFi) protocol Dia — Decentralized Information Asset — has migrated to the IBM Cloud. IBM’s cloud environment is touted as offering secure protection for critical DeFi service platform.

DIA Taps IBM Cloud for Secure DeFi Data Implementation

According to a joint press release issued by DIA and IBM, the DeFi protocol has migrated its platform to IBM Cloud to leverage IBM’s suite of robust security protocols for its financial data service delivery. Under the aegis of IBM Cloud, DIA plans to protect its backend infrastructure from external hacks and other malicious cyber breaches.

As part of the migration, DIA will reportedly utilize Keep Your Own Key (KYOK) and other confidential computing protocols available on the IBM Cloud infrastructure to offer full-spectrum data protection with complete authority for the project’s workload. Thus, even with the migration to IBM Cloud, DIA still maintains full control of its crypto keys.

Commenting on the importance of the migration to IBM Cloud, DIA co-founder Samue Brack remarked:

“IBM Cloud Hyper Protect Services, confidential computing capabilities and IBM LinuxONE enable us to help implement a high security standard in the oracle landscape. Being able to assure that no third party can view or manipulate our off-chain computing operations effectively protects DIA and its users from potential malicious inside and outside attacks.”

For Hillery Hunter, VP IBM Cloud, the migration affords DIA the opportunity to work with clients in regulated market spaces who require robust confidentiality and security measures. According to Hillery, the move could hold significant implications not just for DIA alone but for the emerging DeFi ecosystem especially in the area of attracting interest from mainstream investors.

The DeFi space has seen numerous breaches and opportunistic profiteering exploits that often target centralized oracles as points of vulnerability. Indeed, these incidents have seen calls from across the DeFi space for more robust oracle services to prevent such attacks.

IBM remains a major mainstream participant in the emerging blockchain scene with numerous partnerships and collaborations. These projects are examining diverse use cases for the novel tech including supply chain management, healthcare, and diverse enterprise decentralized ledger technology (DLT) pursuits.

As previously reported by BTCManager, seafood producers in Norway tapped IBM blockchain for better supply chain traceability. Back in September 2020, a consortium of Australian banks partnered with the business tech giant on a trade guarantee project.

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DIA to Provide Decentralized, Community-Verified Price Oracles to Matic Network

DIA Labs (DIA) is set to bring transparent, community-verified price oracles to the Matic (MATIC) ecosystem. Bringing Price Oracles, and More In an announcement made on November 25, decentralized oracles platform, DIA announced that it would be providing transparent and community-verified price oracles to the Matic ecosystem. Further, the project will also support Matic’s build

Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News


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