Robinhood will launch staking and cryptocurrency lending services

Cryptocurrency NewsBy 27/07/2021

Ahead of the IPO, Robinhood announced investments in cryptocurrency lending and staking services in addition to developing a cryptocurrency wallet. In a pre-IPO presentation this week, Robinhood CFO Jason Warnick said the company “is actively investing in the development of cryptocurrency services: wallet, lending and staking services.” “We think we have great prospects and we look forward to making more products available to customers,” he added. The Robinhood trading app allows customers to buy and…

SCB President: “The DeFi Industry Cannot Be Fully Regulated”

Cryptocurrency NewsBy 27/07/2021

Siam Commercial Bank President Arak Sutivong believes DeFi needs a structure to integrate with the rest of the financial ecosystem. Arak Sutivong, CEO of SCB 10X and President of Siam Commercial Bank (SCB), spoke about how one of the largest venture capital funds in Southeast Asia looks to the future of DeFi. The derivatives market in the traditional market is valued at about $ 640 trillion (the value of outstanding derivatives contracts). Derivatives, which have…

Kirobo startup launches token swaps on Ethereum

Cryptocurrency NewsBy 26/07/2021

Kirobo startup launches token swaps on Ethereum The developers of the technology for the return of erroneously sent BTC will launch a solution for P2P token swap on Ethereum. Direct swaps on the blockchain will be cheaper than through exchanges and OTC platforms. As stated by Kirobo, the Atomic Safe Swap protocol offers a decentralized peer-to-peer alternative to centralized marketplaces or OTC platforms. The tool runs on Ethereum and supports ETH and ERC-20 tokens. The…

EIP-3675 for ETH 2.0 update published on GitHub

Cryptocurrency NewsBy 26/07/2021

EIP-3675 contains confirmation of the merger of stakes in ETH 2.0 and brings the Ethereum network closer to the transition from proof of work to proof of stake. Ethereum developers continue to work on merging the current Ethereum 1.x network with the already running Beacon Chain, the first stage of Ethereum 2.0. The redesigned EIP-3675 will be one of the last steps towards proof of stake. Ethereum co-founder Vitalik Buterin confirmed that the transition to…

WiV Technology will release NFT for Georgian wine producers

Cryptocurrency NewsBy 23/07/2021

An agreement between WiV Technology and the Georgian government will make the flagship brands of Georgian wines and their associated non-fungible tokens (NFTs) available to wine producers and collectors on the WiV platform. WiV Technology announced that it has signed an agreement with the Georgian government to expand the global presence of Georgian wine and ensure quality. As part of the agreement, local players in the Georgian wine industry will present flagship brands in the…

Alabama regulator accused BlockFi service of violating securities laws

Cryptocurrency NewsBy 23/07/2021

The Alabama Securities Commission (ASC) has accused cryptocurrency lending service BlockFi of selling unregistered securities in violation of US law. Alabama became the second US state to express concern about BlockFi’s activities. The New Jersey Attorney’s Office already issued an order this week for BlockFi to stop serving new clients in the state. Following this, ASC Chairman Joseph Borg issued a justification order addressed to BlockFi. According to this order, within 28 days, BlockFi’s management…

Ground X will develop a model for South Korea’s state cryptocurrency

Cryptocurrency NewsBy 22/07/2021

The Bank of Korea has announced the winner of the tender among technology providers for the state cryptocurrency. Ground X received $ 4.4 million to develop a digital won model. According to the Korea Herald, South Korea’s central bank has selected Ground X, a subsidiary of national tech giant Kakao Corp., to participate in a government-owned cryptocurrency pilot program. Ground X participated in the tender with Line Plus, a subsidiary of Naver, and SK C&C,…

Doctors in Shenzhen will receive insurance payments in digital yuan

Cryptocurrency NewsBy 22/07/2021

The People’s Bank of China (PBOC) and insurance giant Ping An are leveraging the digital yuan to compensate healthcare workers in the Nanshan District of Shenzhen City affected by the coronavirus. Employees of hospitals and clinics in Nanshan District will enter into insurance contracts with Ping An. According to this agreement, if they are diagnosed with COVID-19, they will receive a certain amount in digital yuan in their electronic wallet. In the event of the…

Buenos Aires Port to Implement Blockchain to Upgrade Marine Logistics Platform

Cryptocurrency NewsBy 21/07/2021

The port of Buenos Aires in Argentina will undergo technological upgrades and implement blockchain to increase the speed and efficiency of cargo handling and customs clearance processes. According to a press release, the General Authority of the Port of Buenos Aires, subordinate to the Ministry of Transport of Argentina, has announced a tender for the modernization of its maritime logistics platform. The e-PuertoBUE platform handles the processes associated with ship freight, ship maintenance and customs…

Mastercard made it easy for card issuers to convert cryptocurrencies to fiat currencies

Cryptocurrency NewsBy 21/07/2021

MasterCard simplifies the process of converting cryptocurrencies into traditional currencies for partners and expands the program for servicing cryptocurrency cards. Previously, MasterCard partners planning to issue cryptocurrency cards or expand card programs could face difficulties during conversion operations. This was a critical issue for crypto card holders when making payments through MasterCard. MasterCard’s partnerships with Evolve, Paxos and Circle address this industry challenge and provide cryptocurrency cardholders with the ability to spend their digital assets…

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