Latest Updates
Fnatic and Crypto.com Enter Multi-Year Partnership
- The two will work together to launch new digital products, which will include exclusive Fnatic NFTs.
- As part of the partnership, all Fnatic jerseys will feature Crypto.com's logo.
Latest Updates
Avalanche Raises $230M in Private AVAX Sale
- Instead of equity, investors were able to purchase $230 million worth of AVAX tokens, giving them the right to participate in governance voting.
- The funds will be used to boost DeFi activity on the platform, facilitate grants, token purchases, and investment into projects looking to build on Avalanche.
Coinbase Files Application to Offer Crypto Derivatives and Futures
- Coinbase's application to register as a futures commission merchant with the NFA is currently pending.
- The exchange wants to tap into the derivatives market and become less dependent on spot trading.
Crypto Fund Manager Sentenced to 7.5 Years in Prison
- The Australian national embezzled almost $55 million in investor funds for personal gain.
- He ran and operated the Virgil Sigma Fund and VRQ Multistrategy Fund in New York from 2017 to 2020.
1inch Network Integrates With DeFi Platform Oasis.app
- The integration comes after Oasis Trade users experienced high gas fees when borrowing Dai on the platform.
- 1inch will provide Oasis.app users with cheaper swap rates and better security.
Crypto Platform Abra Raises $55M in Series C
- The $55 million will be used to expand Abra's product and marketing team, as well as to further develop its high-net worth and institutional sales products.
- Abra claimed that over the past year it has seen a significant uptake of its trading services, and a ten-fold increase in its revenue.
Google Cloud Partners With Dapper Labs to Develop Flow Blockchain
- The multi-year partnership will see Google will act as a network operator for the Flow blockchain.
- Developers will able to connect to Flow access nodes at lower latency through Google's cloud services.
Crypto Lending Platform Hodlnaut Partners With Okcoin
- Okcoin is Hodlnaut's preferred fiat on-ramp solution for BTC/SGD and ETH/SGD pairs.
- The partnership will provide both platforms' users with more investment options and earning potential.
Jump Trading Group Raises $350 Million and Launches Crypto Division
- Part of the investment will be used to launch Jump Crypto, a team of over 80 experts focused on blockchain and cryptocurrencies.
- Jump Crypto will take a more active role in blockchain development and engage in crypto trading and other market-making activities.
Editors' Picks
El Salvador Recognizes Bitcoin as Legal Tender, Buys 200 BTC
- El Salvador is now the first country in the world to recognize Bitcoin as legal tender, with its BTC Law coming in effect today.
- Yesterday, the country's president confirmed his government had purchased 200 BTC as part of a $150 million Bitcoin fund.
$100M DeFi Adoption Initiative Launched on Celo
- DeFi projects involved in the $100 million incentive program include AAVE, SushiSwap, Curve, 0x, PoolTogether, Chainlink, RabbitHole, and The Graph.
- The incentive program will help the mobile-focused Celo blockchain achieve its goal of bringing finance to the 6 billion smartphone users around the world.
KuCoin Recorded A 1,144% User Growth in Q2
- Over 2 million new users joined KuCoin in Q2 2021.
- Most of the growth came from mobile installs in developing parts of Latin America, Africa, and Asia.
Celsius Crosses $20 Billion in Network Assets
- Chainalysis performed the platform's quarterly audit, confirming it held $20.3 billion in assets.
- Celsius said it expects to add close to $1 billion a month in new assets.
Crypto.com Becomes Premier Sponsor of Italian Football League
- Lega Serie A will feature Crypto.com in all match broadcasts and rebrand their VAR center as the Crypto.com VAR Center.
- The league will also work with Crypto.com to launch new NFT collections and explore other commercial and marketing initiatives to grow its user base.
Guides
Impermanent Loss Explained With Examples & Math
- 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.
How to Leverage Yield Farming on Alpha Homora – The Simple Guide
- 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.
How to Farm QUICK on QuickSwap – The Simple Guide
- 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.
How to Optimise APY For Liquidity Mining Rewards
- 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.
How to Buy Cryptocurrency – The Simple Guide
- 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.
Opinion
The Rise of Bancor
- 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.
The Blockchain-Enabled Elections Of The Future
- 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.
Opinion: How Will Crypto Markets React To The Second Wave Of COVID-19?
- 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?
Opinion: Why The $100,000 Harvest Finance Bounty Is Absurd
- 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.
Opinion: The Impact Of PayPal Entering The Crypto Market
- PayPal will expose cryptocurrency access to its 346 million user base and 26 million merchants worldwide.
- The news is a stamp of mainstream approval on cryptocurrency, but doesn't come without its downsides, including asset encapsulation and centralization, the latter seen by many as the enemy of what Bitcoin stands for.
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In Other News
Huobi Ventures to Invest $10M in Early-Stage GameFi Projects
- The new GameFi fund, which will support projects combining digital assets and gaming, will help Huobi profit from the "play-to-earn" hype.
- Selected projects will not only receive monetary help from Huobi, but also support in marketing, PR, financial and legal advice, technical, and commercial assistance.
Socios.com Partners With Spanish Football Association LaLiga
- Socios.com has now become Global Fan Engagement Partner of Spain’s top tier football league.
- The two will work together to issue Fan Tokens for LaLiga's clubs, which include FC Barcelona and Atlético de Madrid.
Coinseed to Shut Down and Pay $3M in Fines Following Court Order
- Coinseed was accused of disabling withdrawals, and converting its client funds into Dogecoin (DOGE) without their knowledge.
- The crypto trading app also ignored a temporary restraining order from June, and continued its operation, according to court documents.
EY Announces Integration With Polygon
- Polygon's public, permissionless commit chain will be connected to EY flagship blockchain services.
- The integration will provide EY's enterprise users with increased transaction volume at a predictable cost.
Interactive Brokers Group to Introduce Crypto Trading via Paxos Partnership
- IBKR clients will be able to trade and custody BTC,ETH, LTC, and BCH alongside other assets on the platform.
- The platform will charge a commission between 0.12% and 0.18% of trade value.
Price of LTC Jumped by 37% After Fake Press Release
- Claiming that retail giant Walmart was about to adopt Litecoin for payments, the fake press release caused the price of LTC to jump to $235 in less than 30 min.
- A spokesperson for Wallmart told CNBC the press release was "not authentic" roughly an hour after it was posted, causing the price of the crypto to fall to normal levels.
e-Money Integrates With Algorand to Launch Stablecoins
- e-Money will issue eEUR, eCHF, eNOK, eSEK, and eDKK on Algorand.
- The integration will drive the adoption of Algorand-based applications among European users and enable faster time-to-market dApps offering stablecoins on Algorand.
Zabu Project Loses $3.2M in Latest DeFi Hack
- According to security firm PeckShield, the bug used by the attacker is well known, and has been used "many times before".
- Zabu has expressed its intentions to return the stolen tokens to investors, based on their balances before and after the exploit.
Huobi Global Launches Fourth Project on Primepool
- Structure Finance (STF) will be the spotlight project for the fourth Primepool event.
- Users will be able to lock HT and TALK for a chance to win a part of the 1.98 STF token prize pool.
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Avalanche Raises $230M in Private AVAX Sale
- Instead of equity, investors were able to purchase $230 million worth of AVAX tokens, giving them the right to participate in governance voting.
- The funds will be used to boost DeFi activity on the platform, facilitate grants, token purchases, and investment into projects looking to build on Avalanche.
Fnatic and Crypto.com Enter Multi-Year Partnership
- The two will work together to launch new digital products, which will include exclusive Fnatic NFTs.
- As part of the partnership, all Fnatic jerseys will feature Crypto.com's logo.
Coinbase Files Application to Offer Crypto Derivatives and Futures
- Coinbase's application to register as a futures commission merchant with the NFA is currently pending.
- The exchange wants to tap into the derivatives market and become less dependent on spot trading.
Crypto Fund Manager Sentenced to 7.5 Years in Prison
- The Australian national embezzled almost $55 million in investor funds for personal gain.
- He ran and operated the Virgil Sigma Fund and VRQ Multistrategy Fund in New York from 2017 to 2020.
Advertisement
Advertisement
Avalanche Raises $230M in Private AVAX Sale
- Instead of equity, investors were able to purchase $230 million worth of AVAX tokens, giving them the right to participate in governance voting.
- The funds will be used to boost DeFi activity on the platform, facilitate grants, token purchases, and investment into projects looking to build on Avalanche.
Fnatic and Crypto.com Enter Multi-Year Partnership
- The two will work together to launch new digital products, which will include exclusive Fnatic NFTs.
- As part of the partnership, all Fnatic jerseys will feature Crypto.com's logo.
1inch Network Integrates With DeFi Platform Oasis.app
- The integration comes after Oasis Trade users experienced high gas fees when borrowing Dai on the platform.
- 1inch will provide Oasis.app users with cheaper swap rates and better security.
Crypto Platform Abra Raises $55M in Series C
- The $55 million will be used to expand Abra's product and marketing team, as well as to further develop its high-net worth and institutional sales products.
- Abra claimed that over the past year it has seen a significant uptake of its trading services, and a ten-fold increase in its revenue.
Google Cloud Partners With Dapper Labs to Develop Flow Blockchain
- The multi-year partnership will see Google will act as a network operator for the Flow blockchain.
- Developers will able to connect to Flow access nodes at lower latency through Google's cloud services.
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U.K. Regulator to Spend £11M on Marketing Campaign Warning of Crypto Risks
- The head of the FCA, Nikhil Rathi, made the announcement during a speech at the "Our Role and Business Plan" webinar on Thursday.
- Rathi said the digital marketing campaign was necessary, as crypto investors are more likely to be young people drawn to social media.
Italian Financial Regulator Says Binance is Unauthorized to Offer Investment Services
- Italy's CONSOB has become the latest in a series of financial regulators to warn investors that Binance unauthorized to operate in their jurisdictions.
- Earlier this month, Barclays warned it will be blocking payments to Binance, citing a notice published by the FCA in June.
American CryptoFed DAO Becomes First Recognized DAO in the U.S.
- Earlier this year, Wyoming recognized DAOs as a distinct form of LLCs.
- The law made the American CryptoFed DAO the first legally recognized DAO in the U.S.
Britain’s Financial Regulator Issues Consumer Warning to Binance
- The FCA said Binance Markets Limited is not permitted to undertake any "regulated activities" in the U.K.
- However, Binance will most likely be able to continue operating in the country as it's registered outside of the U.K.
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Read More
CRYPTOCURRENCY
Avalanche Raises $230M in Private AVAX Sale
- Instead of equity, investors were able to purchase $230 million worth of AVAX tokens, giving them the right to participate in governance voting.
- The funds will be used to boost DeFi activity on the platform, facilitate grants, token purchases, and investment into projects looking to build on Avalanche.
1inch Network Integrates With DeFi Platform Oasis.app
- The integration comes after Oasis Trade users experienced high gas fees when borrowing Dai on the platform.
- 1inch will provide Oasis.app users with cheaper swap rates and better security.
Huobi Ventures to Invest $10M in Early-Stage GameFi Projects
- The new GameFi fund, which will support projects combining digital assets and gaming, will help Huobi profit from the "play-to-earn" hype.
- Selected projects will not only receive monetary help from Huobi, but also support in marketing, PR, financial and legal advice, technical, and commercial assistance.
Fnatic and Crypto.com Enter Multi-Year Partnership
- The two will work together to launch new digital products, which will include exclusive Fnatic NFTs.
- As part of the partnership, all Fnatic jerseys will feature Crypto.com's logo.
Coinbase Files Application to Offer Crypto Derivatives and Futures
- Coinbase's application to register as a futures commission merchant with the NFA is currently pending.
- The exchange wants to tap into the derivatives market and become less dependent on spot trading.
Crypto Lending Platform Hodlnaut Partners With Okcoin
- Okcoin is Hodlnaut's preferred fiat on-ramp solution for BTC/SGD and ETH/SGD pairs.
- The partnership will provide both platforms' users with more investment options and earning potential.
e-Money Integrates With Algorand to Launch Stablecoins
- e-Money will issue eEUR, eCHF, eNOK, eSEK, and eDKK on Algorand.
- The integration will drive the adoption of Algorand-based applications among European users and enable faster time-to-market dApps offering stablecoins on Algorand.
AID:Tech to Utilize Circle’s USDC Payment Solution
- AID:Tech has been providing blockchain-based payment solutions for disaster relief since 2015.
- The company will use Circle's USDC to provide its users with an efficient way to settle and track donations.
Facebook’s Novi Wallet Could Support NFTs
- During an interview with Bloomberg on Tuesday, David Marcus revealed the social media giant was looking to implement support for NFTs through its Novi wallet.
- Marcus further said that while the wallet was "ready to launch", Facebook has postponed its release until the Diem project has received regulatory approval.
El Salvador Recognizes Bitcoin as Legal Tender, Buys 200 BTC
- El Salvador is now the first country in the world to recognize Bitcoin as legal tender, with its BTC Law coming in effect today.
- Yesterday, the country's president confirmed his government had purchased 200 BTC as part of a $150 million Bitcoin fund.
BBVA Switzerland Launches Crypto Wallet
- The crypto wallet is part of BBVA's Next Gen digital investment account.
- The wallet will be integrated into BBVA's mobile banking app and enable users to track BTC alongside other assets and investments.
Facebook’s Novi Wallet Could Support NFTs
- During an interview with Bloomberg on Tuesday, David Marcus revealed the social media giant was looking to implement support for NFTs through its Novi wallet.
- Marcus further said that while the wallet was "ready to launch", Facebook has postponed its release until the Diem project has received regulatory approval.
Crypto Lending Platform Hodlnaut Partners With Okcoin
- Okcoin is Hodlnaut's preferred fiat on-ramp solution for BTC/SGD and ETH/SGD pairs.
- The partnership will provide both platforms' users with more investment options and earning potential.
Argo Blockchain Secures Second BTC-Backed Loan From Galaxy Digital
- The fresh $25 million BTC-backed loan will help Argo meet its cash flow requirements, and fund the expansion of its West Texas mining facility.
- The new agreement will see Argo Blockchain roll up both its loans into one, for a combined sum of $45 million, with a maturity date of 29 October.
MVB Partners With NYDIG to Launch White Label Bitcoin Platform
- The partnership will enable MVB to integrate Bitcoin into its Banking-as-a-service (BaaS) solutions.
- NYDIG will leverage MVB's subsidiary Victor to provide the necessary infrastructure for Bitcoin products.
EY Announces Integration With Polygon
- Polygon's public, permissionless commit chain will be connected to EY flagship blockchain services.
- The integration will provide EY's enterprise users with increased transaction volume at a predictable cost.
Coinbase Launches Ethereum 2.0 Staking Rewards in the U.K.
- Coinbase's U.K. customers can now join a waiting list for ETH2 staking.
- Once launched, there will be no minimum amount required to stake.
Chainlink Price Feeds Go Live on Optimistic Ethereum
- The integration will enable developers building on Optimistic Ethereum to access high-quality, tamper-proof data feeds on-chain.
- Optimism PBC will work with Chainlink to expand support for other oracle services, including Chainlink VFT and Chainlink Keepers.
Fnatic and Crypto.com Enter Multi-Year Partnership
- The two will work together to launch new digital products, which will include exclusive Fnatic NFTs.
- As part of the partnership, all Fnatic jerseys will feature Crypto.com's logo.
Google Cloud Partners With Dapper Labs to Develop Flow Blockchain
- The multi-year partnership will see Google will act as a network operator for the Flow blockchain.
- Developers will able to connect to Flow access nodes at lower latency through Google's cloud services.
Spain’s LaLiga to Offer NFTs of Players Through Sorare Partnership
- Fans of LaLiga will now be able to get their hands on NFTs representing players from the top 20 clubs in Spain.
- This will create new revenue streams for the league, and enable fans to play in Sorare's fantasy tournaments.
Socios.com Partners With Spanish Football Association LaLiga
- Socios.com has now become Global Fan Engagement Partner of Spain’s top tier football league.
- The two will work together to issue Fan Tokens for LaLiga's clubs, which include FC Barcelona and Atlético de Madrid.
Huobi Global Launches Fourth Project on Primepool
- Structure Finance (STF) will be the spotlight project for the fourth Primepool event.
- Users will be able to lock HT and TALK for a chance to win a part of the 1.98 STF token prize pool.
iSwap Launches With 3-Second Cross-Chain Transactions
- iSwap supports cross-chain transactions on Polygon, Ethereum, OKExChain, BSC, and HECO.
- The platform's 3-second swaps are achieved by deploying aggregators and maintaining USDT holdings on each of the supported chains.
Coincheck to Hold Japan’s First IEO
- NFT platform Hashpalette will become the first company to hold an IEO on Coincheck sometime this summer.
- The IEO will not only help Hashpalette gather funds for its blockchain, but also improve Coincheck's cryptocurrency business.