Tagged: eth

March 26, 2020 @ 6:48 pm By Omar Faridi  |  

New York-based Citi, an American multinational investment bank and financial services corporation with over $1.9 trillion in total assets, has reportedly increased its equity stake in komgo, a company that’s developing an Ethereum (ETH)-powered enterprise blockchain platform for trade financing. Citi confirmed that it began… Read More

March 26, 2020 @ 6:46 pm By Omar Faridi  |  

The Maker Foundation, an organization that supports the ongoing development of MakerDAO, a decentralized autonomous organization that operates an Ethereum-based lending system, has decided to hand over governance (through a smart contract) to MKR token holders. The Maker Foundation said the decision was the initiative’s… Read More

March 26, 2020 @ 11:04 am By Omar Faridi  |  

Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is… Read More

March 25, 2020 @ 1:54 pm By Omar Faridi  |  

Brave, the developer of a blockchain-powered Internet browser, has teamed up with leading crypto exchange Binance, in order to allow users to trade digital assets through its newly designed tab page. The Brave browser is an open-source project that’s based on Chromium, which is also… Read More

March 22, 2020 @ 6:13 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt. On-chain (blockchain) data reveals that the Maker… Read More

March 19, 2020 @ 11:45 am By Omar Faridi  |  

US-based CoinZoom, a regulated digital asset exchange, has announced the official launch of its crypto trading platform and its company Visa card. Users will now be able to purchase, sell, and spend a wide range of cryptocurrencies via CoinZoom’s exchange platform. According to a press… Read More

March 19, 2020 @ 9:05 am By Omar Faridi  |  

Digital asset exchange Binance has introduced peer-to-peer (P2P) cryptocurrency trading options which support five major Latin American fiat currencies. Traders that use Binance’s P2P exchange will be able to purchase and sell digital currencies directly with the Argentine peso (ARS), Brazilian real (BRL), Colombian peso… Read More

March 17, 2020 @ 10:31 pm By Omar Faridi  |  

The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

March 13, 2020 @ 6:50 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

March 11, 2020 @ 11:27 pm By Omar Faridi  |  

Framework Ventures, a tech investment firm that focuses on decentralized finance (DeFi) solutions, revealed on March 10, 2020, that it has invested $400,000 in Futureswap, a decentralized (or non-custodial) futures exchange. Framework Ventures has also invested $500,000 in Commonwealth Labs, the creator of Edgeware, which… Read More

March 4, 2020 @ 10:13 pm By Omar Faridi  |  

MakerDAO, the leading decentralized finance (DeFi) platform, has teamed up with Simplex, a digital payment processor, in order to develop a fiat on-ramp for Maker’s Dai (DAI), which is the first decentralized stablecoin (digital currencies pegged one-to-one with major fiat currencies or other real-world assets)…. Read More

March 3, 2020 @ 6:34 pm By Omar Faridi  |  

Amstelveen, Netherlands-based KPMG, a leading professional services and accounting firm, argues that owning crypto assets is still considered a high risk investment by institutional clients. The Big Four auditing firm recently shared a report with Bloomberg, noting that, since 2017, over $9.8 billion worth of… Read More

February 29, 2020 @ 2:30 pm By Omar Faridi  |  

LINE, a Japan-based messaging service provider, has reportedly closed down its Singapore-headquartered crypto exchange BITBOX and has launched a globally accessible platform, BITFRONT. Headquartered the US, BITFRONT is run by LVC USA, which is a subsidiary of LVC Corporation, a company that manages LINE’s digital… Read More

February 27, 2020 @ 8:32 am By Omar Faridi  |  

Compound, an open finance solution provider, has launched a new project that aims to decentralize the governance process for its non-custodial lending protocol and platform. The lending solutions’ developers noted that the platform’s governance token, COMP, will let its holders suggest, discuss, and make changes… Read More

February 14, 2020 @ 9:23 am By Omar Faridi  |  

Digix, the developer of the first asset-backed digital gold token, recently upgraded its online marketplace and website. The company’s new marketplace and digital platform aim to simplify the process of buying and managing Digix’s native DGX token. The token was launched to meet the increasing… Read More

February 13, 2020 @ 5:25 am By Omar Faridi  |  

Gate.io, a Malta-based blockchain-based digital asset exchange company, reportedly reached a $400 million in trading volume mark on its perpetual contracts platform, which is a new high for the firm this year.   Gate.io’s management has confirmed that the price accuracy of perpetual contracts settled in… Read More

February 9, 2020 @ 4:05 pm By Omar Faridi  |  

BISON, the digital asset trading mobile app created by a subsidiary of Germany-based stock exchange, Börse Stuttgart, recently revealed that it has now onboarded more than 81,000 users during its first year of operations. Börse Stuttgart’s cryptocurrency trading venture also confirmed its plans to add… Read More

February 8, 2020 @ 5:33 pm By Omar Faridi  |  

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

February 8, 2020 @ 9:54 am By Omar Faridi  |  

Bitcoin Depot, one of the world’s fastest-growing multi-cryptocurrency ATM networks, announced on February 6, 2020, that it’s expanding its services to more than 500 ATMs, globally. This move will notably make Bitcoin Depot the largest blockchain ATM network in the world. The firm recently surpassed… Read More

February 7, 2020 @ 8:15 am By Omar Faridi  |  

Nearly $1 billion is now locked up into the evolving decentralized finance (DeFi) ecosystem, according to data site DeFi Pulse. The site tracks major Ethereum-based lending protocols including Maker, a projected managed by the Maker Foundation, a non-profit organization that supports the MakerDAO initiative, which… Read More