GMO Partners With Celsius to Offer ZUSD-Backed Loans
May 08, 2021 05:53 am- Customers will be able to use ZUSD as collateral for crypto-backed loans.
- Celsius also plans on supporting GMO Trust's JPY-pegged stablecoin GYEN in the future.
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BitPay Adds DAI, WBTC as Payment Options
May 07, 2021 11:59 am- The addition of DAI and WBTC brings the total number of tokens BitPay supports to 10.
- Expanding its offering is part of BitPay's larger plan to offer alternatives to traditional payment methods.
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Citigroup Exploring Crypto Amid Increased Interest
May 07, 2021 08:51 am- Citigroup put crypto under consideration after it saw an increase in its clients interest for Bitcoin around August 2020.
- The company said it was not going to rush the launch of the service until it was confident it could build "something that benefits clients and that regulators can support".
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Wirex Migrates a Portion of WXT to Ethereum
May 06, 2021 11:50 am- A fifth of WXT's total supply (2 billion tokens) will be moved from Stellar to Ethereum.
- The move is part of Wirex's wider plan to widen access to DeFi and boost crypto adoption.
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Revolut Enables Bitcoin Withdrawals in U.K.
May 06, 2021 08:36 am- The new crypto withdrawal service is still in beta, and is limited to only U.K.-based customers with Revolut Metal accounts and Bitcoin withdrawals.
- Once the beta is finished, Revolut is likely to roll out the service to more jurisdictions, and support more digital assets.
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Cryptocurrencies Are PayPal’s Key Growth Engine, CEO Says
May 06, 2021 06:29 am- PayPal recorded a net profit of $1.10 billion in Q1 2021.
- CEO David Schulman said its crypto efforts have been hugely successful and that PayPal will roll out a digital wallet in Q3 2021.
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Galaxy Digital To Acquire BitGo for $1.2 Billion
May 06, 2021 04:43 am- BitGo shareholders will get 33.8 million of newly issued Galaxy Digital common stock and $256 million in cash.
- The acquisition is expected to close in Q4 2021.
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Uniswap V3 Now Live on Ethereum Mainnet
May 06, 2021 04:37 am- The largest feature of V3 is "concentrated liquidity", which enables liquidity providers to make markets within customized price ranges.
- The feature also aggregates individual positions into a single pool, forming one combined curve for users to trade against.
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NYDIG, FIS to Offer Bitcoin Trading to Banks
May 05, 2021 11:29 am- The firms have claimed "hundreds" of banks have signed up for the new program, though most of them smaller financial institutions.
- The solution will allow banks to offer Bitcoin trading to their customers directly from their existing accounts.
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MasterCard Survey Shows Increased Appetite For Digital Assets
May 05, 2021 10:04 am- Four in ten MasterCard users said they plan to use cryptocurrencies in the next year, while 77% said they would like to know more about the asset class.
- The survey is expected to encourage businesses to expand their payment options.
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WallStreetBets Developing a Decentralized App
May 05, 2021 08:31 am- "Prominent figures" in the WSB community have been working with blockchain experts to create new decentralized exchange traded portfolios.
- The portfolios will be governed under a decentralized autonomous organization consensus, with members voting on important issues using the WSB token.
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INX Raises $85 Million in Token IPO
May 04, 2021 12:09 pm- When combined with previous placements and token sales, the company expects to have raised over $125 million.
- INX became the first company to hold an SEC-registered token IPO.
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S&P Launches BTC, ETH Crypto Indexes
May 04, 2021 09:13 am- SPBTC and SPETH will be tied to Bitcoin and Ethereum respectively, while SPCMC will follow the performance of both assets.
- The indices were launched on Monday using reference and pricing data from partner firm Lukka.
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Ledger Nano S Now Supports Ethereum 2.0
May 04, 2021 08:05 am- The update brings support for EIP2333, enabling users to sign deposit contract transactions for Ethereum 2.0 directly on the Nano S.
- Other features in version 2.0.0 are geared towards improving the UI and UX.
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SEBA Bank Adds Support For DeFi Tokens
May 03, 2021 01:51 pm- The FINMA-licensed bank has expanded its offering to nine crypto assets, and now supports Uniswap (UNI), Synthetix (SNX), and Yearn (YFI) tokens.
- Customers will have access to these tokens across the bank's investment solutions, including customized and actively managed client portfolios.
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Crypto.com Integrates CipherTrace’s Traveler Solution
May 03, 2021 01:46 pm- CipherTrace's Traveler enables VASPs to comply with FATF's travel rule recommendations.
- Integrating Traveler makes Crypto.com the first exchange to introduce a global travel rule AML solution.
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Sushi Announces BentoBox Dapp Token Vault
May 03, 2021 09:44 am- BentoBox is a token vault that can support a variety of Dapps.
- BentoBox's proprietary lending protocol Kashi will enable users to earn interest by lending $SUSHI.
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BSC-Based Spartan Protocol Exploited For $30M
May 03, 2021 09:41 am- The attacker targeted a "flawed liquidity share calculation" in the project's SPARTA/WBNB pool to steal roughly $30 million.
- Another Binance Smart Chain project, Uranium Finance, lost more than $50 million in an exploit less than a week ago.
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Impermanent Loss Explained With Examples & Math
May 03, 2021 09:19 am- Learn what impermanent loss is, how it manifests, and how to calculate it.
- We use several examples and formulae for both standard and complex AMM-based pools to examine, explain, and plot impermanent loss.
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