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End of dCrypto Unwrapping on Bake: Everything You Need to Know
As part of our efforts to comply with evolving regulatory requirements and with the sale of Bake to GSTechnologies, Bake will discontinue its dCrypto unwrapping service on 28 February 2025. This change affects all dCrypto tokens, including dBTC, dETH, dUSDC, dUSDT, dLTC, dEUROC, dDOGE, dBCH, dMATIC, dSOL, dSUI, and dDOT.
Strong Future Ahead: GSTechnologies acquires Bake
Exactly one year ago, in December 2023, our company faced a severe challenge when our co-founder, Mr. U-Zyn Chua, unexpectedly filed a winding-up application, stymieing ongoing buyout negotiations. Despite its dismissal by the Singapore Courts in the later parts of Q2, 2024, this legal maneuver inflicted significant uncertainty and damage
Cake Group Transfers Social Media Assets to DeFiChain Labs, Supporting Ecosystem Independence
Singapore, November 14, 2024 - Cake Group announced today the transfer of its DeFiChain-related assets such as domains, websites and social media handles to DeFiChain Labs, marking a strategic move to support the blockchain platform's push toward greater decentralization. The divestment comes in response to DeFiChain Labs' expanding role following
T-Bills ($TBILL): Why Boring Is Good
When you think of investment opportunities, high-risk, high-reward ventures like stocks and cryptocurrencies dominate the headlines. But what about those investments that don’t make the news? The ones that are stable, reliable, and, well, boring? Enter Treasury Bills, or T-Bills, and their modern counterpart, tokenized treasury bills. These might
From T-Bills to Tokens: OpenEden and Bake Discuss the Future of RWAs
OpenEden has made significant strides in the tokenized US Treasury space. What inspired you to focus on bringing real-world assets (RWAs) on-chain? The inspiration behind OpenEden was really two things. The first motivation was to diversify sources of yield on DeFi. Let’s take a step back, and think about
Navigating Market Downturns: How to Follow the Smart Money
The recent downturn in global markets, highlighted by a sharp sell-off on August 5, 2024, has increased fears of an impending recession. Major indices like the Dow Jones Industrial Average and Nasdaq 100 experienced significant drops, indicating investor concern over a mix of negative economic signals. Understanding the Current Economic
Tokenized Treasury Bills ($TBILLs): What Are They and How Do They Work?
Introduction to Treasury Bills (T-Bills) Treasury Bills (T-Bills) are short-term debt securities issued by the U.S. government. Short-term debt security is a financial instrument traditionally used by governments or corporations to borrow money from inventors for a short period. They are typically sold to investors at a discount to
Cake Pte Ltd Earns ISO/IEC 27001 Certification, Reinforcing Commitment to Information Security
Singapore, 25 July 2024 – Bake, the industry-leading cryptocurrency yield-earning platform, proudly announces that it has received ISO/IEC 27001:2022 certification following an extensive external audit of its information security management system (ISMS). This certification validates Bake’s dedication to maintaining top-tier security standards in developing and maintaining its cloud-based
Why Flexible Staking Matters
You’ve seen those crypto platforms advertising crazy-high staking yields. Bold marketing claims with too-good-to-be-true returns. You read the fine print and realize promised returns only apply when you lock up your funds for a long time—sometimes up to a decade! It’s becoming a more common marketing tactic
Monetize Your Crypto Influence with Custom Smart Bundles
You watch the crypto markets. You hear, read and see alpha opportunities everywhere: on socials, the media, community groups, and perhaps your family and (degen) friends. But what if you could create custom bundles of crypto assets you believe will be the next big thing? What if you could share
The Bake Comeback Campaign: Win Weekly Rewards
Welcome to the Bake comeback campaign. Designed to capture the spirit and energy of transformation, the comeback campaign rewards the driving force behind Bake’s resurgence: you. Whether you’re an OG Bake user or just getting started, the comeback campaign is your chance to earn rewards. Campaign Overview The
Bake's 90-Day Comeback Promotion: Win Rewards and Behind the Story
On May 27, 2024, the Cake Group’s eight-month-long saga finally ended. Court proceedings between Cake Group (Bake’s parent company) and former co-founder Chua U-Zyn reached a conclusion. Bake CEO Julian Hosp reached an agreement to buy out U-Zyn’s shares and is now the sole shareholder of the
Blockchain Oracles: Connecting Crypto to the Real World
Blockchain technology is inherently isolated from the outside world. Its defining features — decentralization and security – can only be achieved by ensuring the network operates independently of external systems. This isolation limits a blockchain's use cases to within its own ecosystem, hindering the integration of real-world data necessary for more complex
Sei Network (SEI): The Fastest L1 Blockchain in the Industry
Centralized exchanges (CEXs) offer traders speed, convenience, and robust trading features. However, many traders have turned away from trading large amounts on CEXs due to the security and fraud risks they pose (e.g., the FTX collapse). The alternative, decentralized exchanges (DEXs), provides enhanced security and transparency but is often
Pyth Network (PYTH): The New Standard for Blockchain Oracles
Traditional Blockchain Oracles generally rely on third-party data sources. This introduces issues such as data latency, high costs, and centralization risks. These problems place significant limitations on decentralized finance (DeFi) applications, which require accurate and timely data. Pyth Network (PYTH) aims to remove these limitations and set a new standard
Chainlink (LINK): A Decentralized Oracle Network
Blockchains are not designed to interact with external data sources or systems directly. Any data required from the outside world by a smart contract must be brought on-chain in a secure and reliable manner to ensure the contract's proper execution. The way to do this is through Blockchain Oracles — third-party
A Swing Trader’s Dream: How Bake’s Direct Token Swaps Beat the Competition
Swing trading is a simple-to-understand yet difficult-to-master method for capitalizing on the sudden price changes in the volatile crypto market. What is Swing Trading? Swing trading is an opportunistic trading strategy where traders take advantage of sudden price swings in the market. Unlike day trading, which requires multiple trades within
$JAV AlphaDesk: Airdrop for ELITE Members
The $JAV AlphaDesk is live! Sign up to ELITE before May 27, 2024, to claim your share in 15,000 $JAV tokens and a bonus pool of 150,000 $JAV. Javsphere and $JAV Tokens Javsphere is a decentralized finance (DeFi) platform built on DeFiChain’s MetaChain layer. It is focused
OriginTrail (TRAC): Crypto's Solution to Supply Chain Management
Supply chain management was one of the first use cases proposed for cryptocurrency and its blockchain technology. Why Blockchain for Supply Chain? A blockchain is an immutable public ledger, which means supply chains can use it to bring transparency to their systems without compromising on security. However, no single blockchain
Ondo Finance (ONDO): Institutional-Grade Financial Products for Everyone
Real-world asset (RWA) tokenization is about making traditionally in-accessible financial products available to everyone. But just tokenizing the financial products isn’t enough; there needs to be a secure, reliable avenue for people to interact and purchase them. This is where Ondo Finance comes in. By leveraging blockchain technology, they
Tokenizing Everything: Real World Assets (RWA) in Crypto
The crypto economy often faces criticism for its detachment from the physical world, a perception that generally stems from cryptocurrencies' volatile and speculative nature. Crypto can seem disconnected from the tangible economic activities and assets that underpin traditional financial systems. Real-world asset (RWA) tokenization aims to solve this problem. By
Bake’s Compliance and Funds Transparency
In a financial environment that is becoming increasingly reliant on digital technologies, maintaining regulatory compliance and transparent operations is more important than ever. This article examines the fund safety compliance measures adopted by Bake under the Monetary Authority of Singapore (MAS) regulations and its implementation of funds transparency practices such
Yield Guild Games (YGG): Democratizing Access to GameFi
Did you know that some blockchain games have barriers to entry? To begin playing Axie Infinity, a player must purchase at least three Axies (digital creatures used within the game). The cost for the cheapest set of Axies starts around $40 to $50. However, to actually be competitive and progress
Enjin (ENJ): Giving Real-World Value to In-Game Assets
One of the long-standing challenges the gaming industry has faced is finding a way to manage virtual assets across various platforms effectively. Historically, the value of in-game items like skins, characters, and weapons was confined to individual games. This limited the financial potential of these assets and restricted players' ability
Immutable X (IMX): Powering Blockchain Gaming
Decentralized gaming is the most anticipated and genuine use case for blockchain technology. However, due to high transaction fees and slow processing times, no legitimate, fully decentralized games have ever been launched. The solution? Remove these barriers altogether. Immutable X, a layer-2 scaling solution for Ethereum, is changing the norms
Top 5 GameFi Projects for 2024 and Beyond
Blockchain technology has begun to transform the gaming landscape. The simple concept of people playing games while simultaneously earning real rewards is revolutionary. This breakthrough is made possible through GameFi, a blend of gaming and decentralized finance (DeFi). In GameFi, assets such as in-game currencies and items are anchored to
Injective (INJ): The Blockchain Built for Finance
The Injective Protocol is a blockchain platform optimized for finance. The network bridges traditional and decentralized finance (DeFi), creating a new financial paradigm powered by decentralization. In this article, you will learn what Injective is, how it works, and why it’s set to redefine the way people interact with
Solana (SOL): Disrupting the Blockchain World - What You Need to Know
Solana, known for its remarkable ability to handle over 65,000 transactions per second, stands as a testament to the possibilities of modern blockchain technology. Despite still being a relatively new player in the field (launching in 2020), Solana quickly garnered interest from both developers and investors. Its approach to
Swaps Upgrade: More Tokens, More Opportunities
Building on the success of the first phase of token swap integrations, Bake now offers the power of the new trade engine for greater swap functionality and opportunity. What’s New? 1. More Tokens, More Opportunities: 30 new tokens have been added for a total of 66, so you can
What Is a Meme Coin?
Blockchain and cryptocurrencies are lauded for their groundbreaking technology and rapid innovation. “It’s about the tech” is a common phrase used by crypto investors to justify their investments in this speculative market. However, despite this narrative, a recent phenomenon is pushing investors in another direction: the Meme coin. Characteristics
Top 5 High-Potential Meme Coins
Meme Coin mania is officially underway. Just as NFTs and Metaverse tokens dominated in 2021, these “joke” tokens are emerging as the current bull market's next high-potential novelty asset class. Here are the top 5 meme coins that could take over the crypto world in 2024: 1. Dogecoin (DOGE) Dogecoin
Meme Coin Mania: Unraveling the Hype
The crypto market has switched to full-on meme mode. Meme coins, the novelty tokens generally based on popular internet memes, have now hit an overall market cap of over $55 billion USD. The total meme coin ecosystem now ranks as the 10th biggest, outranking popular sectors like GameFi and Ethereum
Blockchain and AI: The New Power Couple
Ever since Chat GPT took the world by storm in late 2022, the race has been on to find the best way to harness the power of Artificial Intelligence (AI). However, so far, progress has been limited, with most companies failing to generate real, tangible outcomes from AI. Amidst the
The Top AI Crypto Projects for 2024
Blockchain and AI — the combination set to take over the industry and help bring crypto to the mainstream. The total value of AI crypto assets rose by over 110% in February 2024 alone. However, if you were to ask the casual investor to name a crypto project using AI, you’
Ultimate Trading Flexibility: How To Swap Tokens on Bake
Ultimate Trading Flexibility: How To Swap Tokens on Bake Bake has taken another leap forward in its offering, with 33 different tokens now available to swap on the Bake mobile app. You can swap all your favorite tokens with transparent pricing, and the reliability and user-friendly interface you know and