“Synthetix, Curve and Ren have teamed up to launch BTC liquidity incentives using Curve’s low-slippage pools. The program combines three Ethereum-based flavors of Bitcoin—renBTC, wBTC and sBTC—to provide seamless swaps between the rising wrappers.
Backed by 10k SNX and 25k REN worth of weekly incentives, those who provide liquidity can stake their LP tokens via Mintr to claim a pro-rata portion of the rewards.
The fun doesn’t stop there. Synthetix and Ren have teamed up to issue those SNX & REN rewards in the form of Balancer Pool Tokens (BPTs) – meaning LPs are also earning BAL from Liquidity Mining. As if that wasn’t enough, contributors will also earn Curve’s soon-to-be announced governance tokens—CRV.
Best of all, with all three wrappers essentially pegged 1:1, there is no risk of impermanent loss.”
“This first funding round is meant to finance the development of W3bcloud’s first Ethereum data centers. The company plans to provide enterprise grade decentralized computer infrastructure.
W3BCLOUD brings together the pre-eminent GPU manufacturer and the leading blockchain developer to build the compute infrastructure for the blockchain economy.
W3bcloud is already in talks with multiple potential customers.”
“Instead, the BIS, in a new digital payments chapter of its annual economic report published Wednesday, said central bankers have come around to CBDCs because the tech presents a convenient vessel through which they can shape the future of payments.
CBDC issuance is not so much a reaction to cryptocurrencies and private sector ‘stablecoin’ proposals, but rather a focused technological effort by central banks to pursue several public policy objectives at once.
By the BIS’ count, CBDC can assist in: financial inclusion, securing digital payments, increasing payment efficiency and encouraging innovation in the space.
CBDCs have the potential to be the next step in the evolution of money.”
“In the wake of a $2.1 billion accounting scandal, Wirecard, whose business lines include issuing cryptocurrency payments cards for TenX and Crypto.com, has collapsed into insolvency.
A TenX spokesperson told CoinDesk this week that customer funds, both crypto, and fiat, had not been affected by the Wirecard scandal. Crypto.com has steadfastly refused to comment. ‘We’re still staying totally silent on this.'”
“Uphold announced that they will allow users in Latin America to use cryptocurrency to acquire fractional ownership of the world’s leading companies.
If you’d put $1,000 in Uphold’s basket of 50 U.S. stocks in June 2010, today your investment would be worth around $5,785 compared with just $337 if you’d left your money in Brazilian Reals; $50 in Argentinian Pesos; or shockingly less than a penny in Venezuelan Bolivars.”
“Idea markets use investment to establish credibility for ideas and narratives without trusting a centralized third party. Rather than say this is true or false, which doesn’t really respect the readers free will and ability to make different judgments, we’re saying the market has put this at this rank.
Elias’ plan is to launch a browser extension that would include the ranking of the news source next to articles from it on social media.
So, for example, depending on how the market shakes out, CNN might sit at 10th and Brietbart at 90th. Anyone can see how much trust a publisher has earned. Such a system could rank news sources on a platform like Twitter, without a single company having control over them and having to be the dreaded “arbiter of truth.””
“STKR acts as both a governance token and security, with funds garnered from the protocol distributed to token holders.
Under the hood, StakerDAO has two pieces: a Cayman Island corporation and a decentralized autonomous organization (DAO). StakerDAO works in a similar space as the Ethereum-centric LAO, a DAO meshed with a legal wrapper.
StakerDAO itself is led by a five-man council including Polychain’s Olaf Carlson-Wee, Coinbase Custody’s Luke Youngblood, Lemniscap’s Shaishav Todi, DTC Capital’s Spencer Noon and StakerDAO’s Lamis.”
“Yang announced the creation of a public-benefit corporation, the Data Dividend Project, which aims to help enable people to control the use of their data and allow for compensation of approved use of collected information by tech companies.
Various crypto startups, such as Streamr and Brave, are already working on similar ends. Streamr is a data protocol that is focused on building a decentralized infrastructure that allows users to control their data and monetize it by providing a marketplace.
Fighting for the paradigm of data ownership is one of the best ways to tackle the huge global digital exploitation that is currently taking place.”
“NY DFS is proposing a “Conditional BitLicense” framework to reform its controversial BitLicense regulation introduced in 2015.
The proposal would help overcome “actual or perceived hurdles” in obtaining the BitLicense by using the expertise of an existing license holder. The regulator expects that businesses will eventually pursue a full license.”
“Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether. Alongside its first listing, Kadena is open-sourcing a decentralized application, or dApp, for tracking and validating COVID-19 test results.
KDA has been primarily OTC-only since launch in January. Listing on Bittrex Global is the first for KDA.”
“BTCPay is a tool for bitcoin bookkeeping tasks that merchants need, such as managing invoices tracking how much bitcoin the merchant is owed for each product sold.
BTCPay provides a crucial invoicing solution for anyone who wants to receive bitcoin, whether its fundraising for a nonprofit or for receiving e-commerce payments. We’re excited to help the team grow their offering.”
“Customers of local cryptocurrency exchange Bitcoin.com.au will be able to pay for Bitcoin at more than 3,500 Australian Post offices.
For many people, paying for Bitcoin at an Australia Post office feels safer than transferring funds online.”