Roadmap for the Year 2021 Revealed by Sushiswap 0 19

In the year 2020, there were many cryptocurrency exchanges that came into being and ended before anyone came to know about them. There were some cryptocurrency exchanges that managed to survive and made their own place among the rest of the exchanges.

However, there is one exchange in particular that not only made its place but also did something that none of the other exchanges could do. In the year 2020, there were a couple of times when “Sushiswap” managed to become the largest decentralized exchange (DEX). It managed to acquire the first spot for being the top exchange as per liquidity.

On one hand, the exchange gained worldwide recognition for being a DeFi platform, and on the other, it became one of the most notorious exchanges of the same year. The same year 2020 it was founded by Chef Nomi, the exchange launched its own native token ‘SUSHI’. Right from the start, the token observed a high adoption rate and the investor rallied up to acquire the tokens.

However, the situation became full of tension when the founder of the company ‘Chef Nomi’ himself sold around $26 million of SUSHI tokens. This resulted in the exchange of losing a lot of trust and reliability from the investors’ group. However, the founder of the exchange later returned the funds and things have gotten back to normal for the exchange since then.

Now that the New Year has begun, every cryptocurrency exchange has laid out its roadmap for the running year. Therefore, Sushiswap has also done the same and has shared its wild, and ambitious roadmap with the entire crypto-community for 2021.

In the roadmap for 2021, the exchange has revealed that it will be intensifying its research and development. The focus of the research would be based on the functionalities of the decentralized financing space. It will also be working on a project to develop a cross-chain DEX. The cross-chain DEX will be enabled by Moonbeam and Rune.

In addition to the above, the exchange will also be launching a fully decentralized governance structure and an implementation on the Polkadot. The exchange has confirmed that all of these projects will be worked on and executed by the end of 2021.

Along with the 2021 roadmap, the exchange also provided more information and updates on the projects that it had already started working on back in 2020.

The exchange provided new information around the V2 launch known as Mirin. Furthermore, the firm also announced the target date for the launch of the lending project known as “BentoBox”. The firm has announced that the BentoBox project will be fully launched and operational in the middle of January 2021

In addition to the above, the exchange advised that it may reconsider rebranding its name and move to a new domain in near future.

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Bitcoin Will Drop Down to $20k a Piece, Says the Guggenheim CIO 0 7

It was just two weeks ago when Bitcoin (BTC) prices were hitting their all-time high of $41k per Bitcoin (BTC). Then suddenly the prices of Bitcoin (BTC) starting dropping significantly. In a matter of 48-hours, the price of Bitcoin (BTC) came down by $11k only to bounce back to $35k in the next couple of hours.

However, since the set-back, Bitcoin (BTC) has been having a hard time keeping up. Although there were many analysts who predicted Bitcoin’s price drop was due, yet they stated that it will grow in price again. Right after the plunge, Bitcoin (BTC) did manage to make a comeback but it was not a long-lived success.

In a matter of days, Bitcoin (BTC) again came all the way down to $33k per Bitcoin (BTC) and then again bounced back. Just a few days back Bitcoin (BTC) managed to go all the way up to $38k per Bitcoin (BTC). However, it is again sitting at $33k apiece, which goes onto show exactly how volatile Bitcoin (BTC) has become.

Bitcoin (BTC) has again become extremely volatile in the past two weeks. As it keeps showing the volatile nature, many investors have started growing uncertain about its stability. There are many investors who have already sold their Bitcoin (BTC) with fears of facing another plunge since 2017.

Based on the above case, one of the senior executives at Guggenheim Partners has made his prediction around Bitcoin (BTC) price. According to the executive, Bitcoin (BTC) is currently destined to go all the way down to $20k per BTC. No matter how many times it fluctuates and it manages to go up, Bitcoin (BTC) will eventually drop down to $20k per BTC.

According to the Guggenheim executive, Scott Minerd, Bitcoin (BTC) will not be able to hit an all-time high for the rest of the year 2021. Minerd shared his views around the price of Bitcoin (BTC) in an episode of the “Closing Bell” show airing on CNBC.

Minerd predicted that after hitting an all-time high of $41k per BTC, it is highly unlikely for Bitcoin (BTC) to again hit an all-time high in the running year.

Although Minerd has made this prediction around Bitcoin (BTC) price looking at the current situation, it does not mean that he has started criticizing Bitcoin (BTC).

According to him, Bitcoin (BTC) is still one of the most reliable investment assets and will continue to grow with respect to the adoption rate. Despite his recent comment about Bitcoin (BTC) taking a plunge down to $20k per Bitcoin (BTC), he still maintains his stance on another prediction.

Minerd has predicted that one day, Bitcoin (BTC) will manage to hit the $400k per BTC mark.

Dubai Regulatory Authority to Introduce Cryptocurrency Regulations 0 8

It was almost 11 years ago when the cryptocurrency industry was introduced to the entire world with the launch of Bitcoin (BTC). At that time, the industry was strongly opposed by the regulatory authorities as well as financial institutions.

The need for the cryptocurrency industry was felt when the traditional finance institutions had started taking too much control of people’s personal information. It was the financial institutions that had started dictating people and putting too much pressure on people.

That was the time when there was a need for an alternative to the traditional financial system to be established. A system that granted people the authority to control how much of the personal information they wanted to share with the providers. The cryptocurrency industry was developed on a decentralized platform that did not appreciate the interference of third parties. Whether it was a sale, purchase, or trade, there were no intermediaries involved on this platform.

However, the financial institutions as well as many countries started opposing the idea and were not ready to adopt the platform. As time went by, the cryptocurrency industry has grown enormous and has reached a cryptocurrency community of 200 million active users.

Just recently, the cryptocurrency industry hit a market capitalization of $1 trillion. This has brought the cryptocurrency industry into the spotlight and countries from around the world have started adopting the industry.

One of the recent countries that are looking forward to welcoming cryptocurrency on its soil is Dubai. According to the recent reports, the major regulatory authorities from Dubai are currently in the process of composing the regulatory guidelines in the country.

The Dubai regulatory agencies involved in the process include the Dubai International Financial Centre and the Financial Services Authority. These regulatory authorities are currently involved in enhancing the regulatory structure as well as the regulations in the country.

The Dubai Financial Services Authority has revealed that it is planning to ready and launch the regulatory framework for diverse digital assets for the years 2021 and 2022. The announcement was made by the DFSA on the working of the digital assets regulatory framework on January 18, 2021.

Once the new regulatory infrastructure is released and implemented, it will turn out to be very essential for the cryptocurrency industry in Dubai. It will allow the cryptocurrency firms in the country to provide their services on a larger scale. They will be able to offer investors more trading assets and will also be able to target businesses and enterprises in the country.

Most importantly, the firms will have full support from the Dubai regulatory authorities in the expansion of new services being introduced in the Bitcoin (BTC) verse.

The DFSA has announced that it will be publishing two consultation papers that will be public for commenting and feedback.

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