“The US cryptocurrency exchange is investing 1 million USDC each in lending protocols Compound and dYdX.
The USDC tokens we deposit cannot be used for items like salaries or user acquisition. It simply provides more liquidity in the protocol, making it easier to attract borrowers (for decentralized lending protocols) and takers (for decentralized exchanges). The USDC Bootstrap fund’s goal is to make the supply side easier, allowing the protocol to grow.
Compound CEO Robert Leshner added that the USDC Bootstrap Fund can also be seen as ‘the starting point for the legitimization of open finance. Coinbase is a financial institution and the fact that it’s engaging with open financial applications is going to be seen as a rallying cry for other institutions to [do the same].'”
“Offered as a means for investors and traders to track “popular” defi-focused blockchain tokens, Defix lists projects including MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo.
The index is listed by NASDAQ under the ticker DEFX, and can also be tracked on TradingView and Google, with a listing on Yahoo Finance planned in the future.”
“Today marks the launch of what is most likely the first ever blockchain-based initial public offering (IPO), with the national stock exchange of the Seychelles selling tokenized shares in its equity to investors worldwide. The shares are tokenized on the public ethereum blockchain.
These novel financial instruments are here to reshape the financial industry for years to come. MERJ provides the regulatory framework necessary for investors globally to access these markets in a safe and compliant manner.”
“Gemini exchange is launching an institutional-grade crypto custody solution.
Through the Gemini Trust Company, a regulated custodian overseen by the New York Department of Financial Services (NYDFS), the Winklevoss-backed exchange now offers “Gemini Custody,” a platform which would enable clients to trade assets instantly by offering them credits.
The custodian, which already supported bitcoin, bitcoin cash, ether, litecoin and zcash, now provides support for 0z, Augur’s REP tokens, the basic attention token (BAT), bread (BRD), dai, maker, decentraland’s MANA token, enjin, flexacoin, the Gemini dollar, Kyber Network’s token, Loom Network’s token and OmiseGo.”
“A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background.
Brave was downloaded 2 million times last month, while Firefox only saw 553,000 downloads.”
“The initial margin requirements are ‘the amount of assets (collateral) that need to be pledged in order to open a position.’
With bitcoin currently trading around $10,000, Tuesday’s notice matches the predicted margin rates detailed in a FAQ Bakkt published last month, which noted that the initial margin was ‘expected to be approximately 37 [percent] for outright contracts.'”
“CasperLabs said in an announcement on Tuesday that the new funds will be used to speed up product development and bring more engineers on board.
The project aims to build a new blockchain based on a version of proof-of-stake (PoS) consensus protocol – specifically Zamfir’s Correct-by-Construction (CBC) Casper PoS. The firm said it is working to solve the ‘trilemma’ of scale, decentralization, and security.”
“IBM has doubled the number of its employees on the technical steering committee (TSC) of Hyperledger, stoking concerns about the tech giant’s influence on the enterprise blockchain consortium.
It is very clear that IBM now controls the TSC and is that the direction Hyperledger wants to take?”
“There are confirmed instances of Common Vulnerabilities and Exposures (CVE) ‘being exploited in the wild.’ The vulnerability was first reported on Aug. 30 by LN coder Rusty Russell.
This is also a great time to remind folks that we have limits in place to mitigate widespread funds loss at this early stage. There will be bugs. Don’t put more money on Lightning than you’re willing to lose!“
“eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United States.
40% of millennials said that they would prefer to invest in crypto assets if a recession occurs, while 50% of Gen Z said they would choose real estate. As for Gen X, 38% said that they would hedge with commodities.
We believe that if a recession were to occur, we’d see shrinking stock portfolios and growth in other asset classes like crypto, as well as new fractional ownership models.“
“CiperTrace’s Travel Rule Information Sharing Architecture (TRISA) would allow exchanges and wallet providers to share payment details and confidentially exchange customer know-your-customer (KYC) information.
Binance, currently the world’s largest crypto exchange by volume, is examining CipherTrace’s code (though the exchange hasn’t yet committed to implementing it).”
“Investment management firm VanEck has issued just 4 Bitcoins (BTC) via its new trust focused on institutional investors.
For Krüger, it has become proof that institutional investors do not want such limited Bitcoin-related instruments.”
“By hasing data like GPS coordinates, video, photos, and flight and telemetry logs on a distributed ledger, Red Cat claims drone flights can be monitored with absolute integrity.
We’re full speed ahead on the commercialization of our blockchain black box and distributed storage system to move the drone industry forward and make the skies safer.
GoChain, which operates its own token, GO, is built on the ethereum blockchain. GoChain claims it can settle 1,300 transactions per second.”