Tuesday, December 7, 2021
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Latest Updates

Gemini and Bancolombia to Enable Crypto Trading in Colombia

Krasimir Buchvarov -
  • Starting 14 December, Bancolombia clients will be able to trade four crypto assets, namely BTC, ETH, LTC, and BCH.
  • The partnership is part of a year-long pilot program run by Colombia’s financial regulator SFC to test banking services for crypto platforms.
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Adoption
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Krasimir Buchvarov -
  • Starting 14 December, Bancolombia clients will be able to trade four crypto assets, namely BTC, ETH, LTC, and BCH.
  • The partnership is part of a year-long pilot program run by Colombia’s financial regulator SFC to test banking services for crypto platforms.
Read more

Latest Updates

Crypto Trading App Stacked Raises $35M in Series A

Krasimir Buchvarov -
  • The company plans to double its 40-person team in 2022, as well as continue scaling its crypto portfolios and automated lending products.
  • Stacked plans to grow its popularity, and reach $1 billion in assets under management, by going fully mobile in the next six months.
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Binance & Animoca Brands Launch $200M GameFi Fund

Krasimir Buchvarov -
  • The newly established fund will focus on early-stage GameFi projects that are building on the Binance Smart Chain network.
  • Both companies will contribute up to $100 million to the program, with Binance investing through its $1 Billion Growth Fund.
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Exchanges
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Blockchain.com to Launch NFT Marketplace

Krasimir Buchvarov -
  • The cryptocurrency exchange has already opened a waiting list for the new platform, which will allow users to buy, sell, and store NFTs.
  • In order to make the process of buying NFTs more straightforward and user friendly, Blockchain.com will add NFT functionality to its crypto wallet.
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Mercado Pago to Launch Crypto Services in Brazil Through Paxos

Krasimir Buchvarov -
  • The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
  • Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.
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Krasimir Buchvarov -
  • The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
  • Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.
Read more
DeFi
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1inch Network Raises $175M in Series B Round

Krasimir Buchvarov -
  • The new funds will be used to onboard institutional clients, build new protocols, and expand the utility of its native 1INCH token.
  • While the initial target for the Series B was $70 million, the huge demand from some of crypto's largest venture funds forced 1inch to increase it to $175 million.
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Crypto.com to Acquire Two U.S. Exchanges

Krasimir Buchvarov -
  • The popular crypto exchange has offered IG Group $216 million for its stakes in U.S.-based Nadex and Small Exchange.
  • The acquisition, expected to be complete in the first half of 2022, will enable Crypto.com to offer its U.S. customers access to derivatives and futures products.
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Coinbase to Acquire Cryptographic Security Expert Unbound Security

Krasimir Buchvarov -
  • Unbound Security is an expert in secure multi-party computation, which combines the security of cold storage with the "frictionless convenience" of a hot wallet.
  • The crypto exchange also plans to establish its presence in Israel, and create a new "tech center of excellence" in the country.
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DeFi
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Bancor Reveals New V3 Features

Krasimir Buchvarov -
  • Bancor 3 will offer users new pools, an upgraded impermanent loss protection mechanism, auto-compounding for staking rewards, and more.
  • The upgrade is set to roll out in three phases, dubbed "Dawn, Sunrise, and Daylight", targeting deployment for early 2022.
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Galaxy Digital to Raise $500M Through Convertible Debt

Krasimir Buchvarov -
  • The company will issue exchangeable senior notes, with the debt bearing a 3% interest rate, which will reach maturity in 2026.
  • The deal, expected to close this December, also allows the bond holders to exchange the debt for company stock.
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3 Bancor Pools Begging For Your BNT

Doncho Karaivanov -
  • The APW-BNT, ARCONA-BNT, and FARM-BNT pools offer the best BNT rates on Bancor for the past week.
  • The top pool, APW-BNT, had a 238% average DAPR for the past 7 days, by far the best rate for BNT hodlers at the moment.
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Editors' Picks

MoonPay Valued at $3.4B Following $555M Series A

  • The crypto payments infrastructure provider will use the funding to accelerate its international expansion, hire new talent, and add more payment methods.
  • Founded less than 3 years ago, the company has already processed more than $2 billion in transactions, and has build a user base of over 7 million.
Cryptocurrency
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Krasimir Buchvarov -
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Binance Integrates With Arbitrum One

Krasimir Buchvarov -
  • While it has completed its integration with Arbitrum One, Binance has only opened ETH deposits to layer 2, with withdrawals being expected on a later date.
  • Arbitrum One is a layer 2 optimistic rollup protocol that enables lower costs and faster transactions than the Ethereum mainnet.
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Crypto.com Buys LA’s Staples Center Naming Rights

Krasimir Buchvarov -
  • "Sources familiar with the terms" claimed the 20 year-long deal was struck at the tune of $700 million.
  • The new logo and branding of the arena will be officially revealed on 25 December, when the Los Angeles Lakers play against the Brooklyn Nets.
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Facebook Launches Novi Pilot Program, Receives Pushback From Senators

Krasimir Buchvarov -
  • The Novi digital wallet will use Paxos' stablecoin USDP for its services, and will also tap Coinbase for its custodial services.
  • The pilot program was launched in the U,S, and Guatemala, where a limited number of people will be able to download Novi from the Apple App and Google Play Store.
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SEBA Bank Enables Users to Earn Yields on Crypto

Krasimir Buchvarov -
  • The new SEBA Earn product will enable customers to earn yields from proof-of-stake protocols such as Polkadot, Tezos and Cardano.
  • Institutions will also have access to DeFi programs, in addition to centralized lending and borrowing of BTC and ETH.
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Guides

DeFi
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Impermanent Loss Explained With Examples & Math

Doncho Karaivanov -
  • 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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How to Leverage Yield Farming on Alpha Homora – The Simple Guide

Doncho Karaivanov -
  • Learn how Alpha Homora works, how to open a leveraged position and earn more with the same amount of assets, and how to manage your positions.
  • We also explain how to choose a pool to leverage, the rules of leveraging on the platform, and how to calculate possible scenarios.
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How to Farm QUICK on QuickSwap – The Simple Guide

Nikolay Nikov -
  • This article will teach you how to take advantage of one of the most lucrative liquidity mining programs on the market right now, while saving money on transaction fees.
  • We will take you through the strange but fascinating world of multiple network bridges and AMM quirks so you can have a seamless experience using the Layer-2 based exchange.
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How to Optimise APY For Liquidity Mining Rewards

Nikolay Nikov -
  • Users tend to blindly trust the APY calculations of the liquidity mining programs, despite the fact that they are typically flawed.
  • Knowing how compound interest works, how often to sell given your stake, and how to hunt for low gas fees are all invaluable skills we will look at.
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How to Buy Cryptocurrency – The Simple Guide

Doncho Karaivanov -
  • Learn how to buy cryptocurrency on four of the most prestigious crypto trading platforms in the world.
  • To make an informed decision, you need to research what each platform offers, i.e., supported assets and countries, fees, and payment methods.
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Opinion

The New COVID Variant and Market Reactions – What Does it Mean for Bitcoin

Nikolay Nikov -
  • A typical store of value would outperform riskier assets during moments of recession fears. Bitcoin has historically done the opposite.
  • Given the performance of cryptocurrencies during fearful markets, their place in a portfolio is the one for high-risk, high-reward assets.
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The Rise of Bancor

Doncho Karaivanov -
  • The exchange was the first to prove the feasibility of AMM, but has since struggled to compete with other DeFi platforms.
  • However, through the introduction of several smart features and innovations, notably single-sided exposure, Bancor is surging among the DeFi ranks.
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The Blockchain-Enabled Elections Of The Future

Doncho Karaivanov -
  • We now have the technology to immutably store and process data in a trustless environment, yet we still resort to paper ballots as the fundamental ingredient for elections.
  • In a blockchain-enabled future, voting will be as simple as withdrawing money from an ATM, and processing election results will be finished in minutes.
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Opinion: How Will Crypto Markets React To The Second Wave Of COVID-19?

Jack Beavers -
  • As several countries have already entered the second period of lockdown, many parts of the world are bracing for a long winter of isolation.
  • How will this affect crypto markets this time around, and how will it differ from the first lockdown?
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Opinion: Why The $100,000 Harvest Finance Bounty Is Absurd

Doncho Karaivanov -
  • Only if we put ourselves in the shoes of the attacker can we find a possible angle of negotiation in a bid to recover more from the 13 million USDC and 11 million USDT that were profited from the arbitrage scheme.
  • Although the Harvest Finance team has acted responsibly in the face of an unprecedented-to-the-project crisis, their bounty reward initiative is naive.
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