Day: July 30, 2020

Circle received DCG USD 25 million strategic investment to promote the application of USDC in mainstream finance

Cryptocurrency financial services company Circle announced the establishment of a strategic partnership with digital asset brokerage company Genesis to promote the application of stable currency USD Coin (USDC) in mainstream finance. Digital Currency Group (DCG), the parent company of Genesis, has made a strategic investment of US$25 million in Circle. These funds will be used to accelerate Circle’s new business development and promote the growth of accounts and platform services. The two parties will jointly provide asset income for customers…

Sharding project Elrond opens the mainnet launch ceremony

The sharding project Elrond (ERD) has opened the mainnet launch ceremony as originally planned. After the mainnet is launched, users can participate in the pledge to get rewards, and the annual interest rate of the pledge is 36%. According to previous reports from Chain News, the Elrond mainnet will use Suterusu’s two-layer solution to implement a privacy cross-chain protocol, allowing users to use Elrond’s privacy smart contract function by paying Suter tokens as a fee. Founded in 2017, Elrond made…

Bluzelle, a decentralized data storage network, will launch the mainnet on August 8th and start the token pledge reward program simultaneously

Bluzelle, a decentralized data storage network, announced that it will launch its mainnet on August 8. The first stage of the mainnet launch is the “soft mainnet”. Participants can become validator nodes, swap BLZ tokens with BNT tokens to participate in pledges, and get rewards by using BNT tokens as pledges. Participants need to use the Bluzelle Staking platform to create a BluzelleNet address to start earning BLZ. The second phase of the mainnet started on September 8. This phase…

Blockchain infrastructure service companies Bison Trails and Figment Networks provide development support for Coda Protocol

The lightweight blockchain protocol Coda Protocol and LinkWen shared some project progress since its public testnet was launched one year ago. Coda Protocol stated that its project participants are geographically distributed, with members coming from more than 180 different countries and regions, and the community has achieved 1,200% growth. Coda Protocol has distributed tokens to more than 150 community members to ensure that when the Coda mainnet is launched, community members take the lead. Blockchain infrastructure service companies Bison Trails…

Stanford University and the International Telecommunication Union jointly launch a global digital currency initiative

Stanford University and the International Telecommunication Union (ITU) jointly launched the Digital Currency Global Initiative (DGCI). The main goal is to study the technical impact and challenges brought about by the technical architecture, security, central bank digital currency and other digital currency regulations and policies. Monetary technology trends and financial inclusion. Three working groups have been established under DGCI to promote the standardization and innovative applications of digital currencies, and to solve infrastructure, security and trust. The first group is…

DeFi Exchange Serum announced the SRM Staking mechanism: the node threshold is 10 million SRM

DeFi Exchange Serum announced the SRM and MSRM Staking mechanism and governance mechanism on the official website. Serum stated that the rewards obtained by the staking model do not come from inflationary issuance, but from the platform utility of the source. Although 1 MSRM is equal to 1 million SRM, the staking rewards obtained by staking one MSRM will be slightly more than the staking rewards obtained by staking 1 million SRM. Staking nodes need at least 10 million SRMs,…

MXC Matcha and compliant payment platform MenaPay strategically cooperate to expand the Turkish market

The cryptocurrency trading platform MXC Matcha announced that it has reached a strategic cooperation with the compliant payment platform MenaPay. MenaPay will provide a compliant legal currency channel for MXC Matcha. At the same time, as a channel agent, MXC Matcha will focus on developing markets in Turkey and Islamic countries. According to MXC, MenaPay is a blockchain payment gateway that focuses on serving the MENA region and complies with Islamic financial regulations. The MENA region refers to 18 countries…

bitFlyer and Brave cooperate to develop an encrypted wallet, users can earn token rewards by watching ads

Japanese cryptocurrency exchange bitFlyer announced a plan to develop a cryptocurrency wallet in cooperation with the privacy browser Brave. Users can obtain BAT token rewards by watching advertisements on Brave, and can trade BAT through bitFlyer. The service is expected to be officially launched in November roll out.

CoinEx established a USD 50 million ecological expansion fund, OneSwap is the first investment project

CoinEx, an exchange under the Weibit Group, announced the establishment of a USD 50 million ecological expansion fund. The first investment project is the decentralized exchange protocol OneSwap. CoinEx said that OneSwap integrates Uniswap-style AMM market-making model and order book model. CoinEx also stated that its ecological expansion fund investment strategy will be more inclined to invest in DeFi projects with sustainable development potential and high-quality projects that contribute to the ecological construction of CoinEx.

Digital asset company Fireblocks plans to cooperate with exchanges to reduce on-chain settlement time and increase transaction volume

Digital asset security company Fireblocks launched a deposit acceleration plan to reduce the time required for on-chain settlement by cooperating with exchanges, and hopes to bring greater trading volume to exchanges. The cryptocurrency derivatives exchange FTX has become the first trading platform to adopt this service. Through the cooperation between the two parties, Fireblocks customers can transfer their assets to the FTX exchange in real time.