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London Stock Exchange Group may provide clearing services for BTC derivatives in Q4
LCH SA will team up with the FCA-regulated GFO-X trading venue to create a centrally cleared, regulated trading environment.
The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year.
According to an April 11 announcement, LCH SA, the Paris-based subsidiary of the LSEG clearinghouse, is set to provide clearing services for dollar-denominated, cash-settled Bitcoin index futures and options contracts traded on the GFO-X venue. The plan still requires regulatory approval.
GFO-X is regulated by the United Kingdom’s Financial Conduct Authority to operate a multilateral trading facility. GFO-X co-founder and CEO Arnab Sen described the company as “the UK’s first regulated and centrally cleared trading venue focused entirely on digital asset futures and options.” Read More
Uniswap Wallet Goes Live on iOS After Apple App Store Challenges
Uniswap’s open-source mobile wallet app allows users to trade on Ethereum, Polygon, Arbitrum, and Optimism.
Uniswap Labs, the crypto firm behind the DeFi trading platform Uniswap, has secured a spot in Apple’s App Store for their Wallet app.
The Uniswap Wallet iOS app is now live for users in the U.S. and other select countries, the company announced Tuesday.
“Apple approved the wallet for use in several countries throughout the world. We’ll continue to launch in other countries as soon as Apple lets us,” the announcement reads.
The Uniswap Wallet allows users to trade crypto assets on Ethereum’s mainnet as well as on Polygon, Arbitrum, and Optimism. It also lets users buy crypto, see NFT details (but not trade them), select “favorite” tokens and wallet addresses, and explore different cryptocurrencies. Read More
Uniswap proposal to launch on Polygon zkEVM is set to pass
All 191 UNI token holders voted in favor of the proposal to launch the DEX on Polygon's zkEVM.
Decentralized exchange Uniswap is seemingly set to launch on the new zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution provider Polygon.
While Uniswap tokenholders have until April 14 at 9:05 pm UTC to vote on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold needed for the proposal to pass has already been reached, with over 42.4 million votes recorded in favor of the integration.
All 191 Ethereum addresses voted in favor of the proposal, with financial modelling platform Gauntlet and Ethereum infrastructure provider ConsenSys leading with over 7 million votes each, according to Tally, a voting dashboard for decentralized finance projects.
The author of the proposal, Polygon Business Development Lead Jack Melnick, argued that now is the “right moment” to make Uniswap v3 available on Polygon’s zkEVM because it is “EVM equivalent” — meaning that there is no need to recompile EVM smart contracts:
“There’s significant value in Uniswap being available on an EVM compatible ZK rollup. Deploying early on zkEVM helps solidify Uniswap’s place as the number one DEX and a thought leader.” Read More
Canon to Launch Ethereum Photo NFT Marketplace Cadabra
The camera and digital imaging giant is pushing further into Web3 with a dedicated NFT photography platform.
Canon USA, the American division of the global camera and imaging giant, announced today that it will launch an Ethereum NFT marketplace dedicated to photography later this year, dipping further into the Web3 world after an NFT drop in 2022.
Cadabra, described as a curated marketplace for tokenized photographs, is set to roll out later in 2023 following an initial preview at this week’s NFT NYC conference. According to a press release, the marketplace will offer photos across various categories, including wildlife, sports, lifestyle, and landscapes, among others.
Canon has yet to reveal which photographers will participate in the platform, but Cadabra will feature both initial drops of photo collections as well as a secondary marketplace for reselling the NFTs.
In addition to digital images, Cadabra will also let participating artists offer physical prints of the images that Canon will fulfil. Cadabra will initially launch only in the United States, and will support both credit/debit card and cryptocurrency payments. Read More
A democratic society values a free-flowing media ecosystem. A healthy media ecosystem is one of the characteristics of a democratic society. Mass media outlets such as newspapers and cable TV networks were prominent in the past. Today, the internet and social media platforms allow for greater communication across society.
Journalism, investigative correspondents, and even freelance writers are essential to that ecosystem. High-quality reporting revealing brutal truths and users' scope and exposure on social media to either create or access information are forces that can drive genuine societal change. And even keep the power structures in check.
Despite the positive aspects mentioned above, harmful practices and negative external forces related to the media ecosystem often eclipse them. These issues are usually easy to recognize once they’re identified. Therefore, it is important to acknowledge them and spread awareness about their potential risks.
Doing so will help you make informed decisions about how you use media and how it can impact your life and the lives of others. The following are a few issues pervasive in many digital news sites, forums, and social media platforms. Read More
Markethive Media has embraced blockchain technology and cryptocurrency, building an ecosystem that belongs to “we the people,” eliminating many of the issues plagued by media outlets today. With its meritocratic culture, dynamic social media interface, and growing community, Markethive is enhancing and bringing the platform into the future internet with new technology and interfaces, but still in keeping with the human touch.
Twitter to Add Cryptocurrency Trading
Twitter is set to expand its offerings by launching a new feature that will allow users to trade cryptocurrencies and stocks, according to a report by CNBC. The social media giant has partnered with fintech firm eToro to bring the new financial features to its platform. This is the first notable deal for Twitter since Elon Musk took over as CEO in 2020, after acquiring the social media network for $44 billion.
The new feature can be accessed through a "view on eToro" tab, which will take users directly to eToro's trading platform. The fintech company, which was founded in 2007, introduced cryptocurrency trading features and a crypto wallet in 2019. With this new partnership, eToro hopes to bring a new audience to the Twitter platform, while Twitter aims to offer more financial services to its users.
Yoni Assia, the CEO of eToro, has called the partnership a perfect match. He believes that Twitter has become an important part of the retail investing community, with many users accessing financial news and acquiring knowledge on the platform. Assia added that "cashtags" searches have grown into the millions, indicating a growing interest in financial discussions on Twitter. Read More
Solana’s Saga phone seeks to optimize web3 experience on mobile
Solana's Saga offers a separate Solana app store and enhanced security for private keys.
Solana is finally releasing the Saga, an Android device that promises to redefine the landscape of web3 on mobile phones.
With the Saga set to be available for customers in select regions from May 8, the device aims to mobile-optimize user experience in web3, as highlighted by Anatoly Yakovenko, co-founder of Solana, at the Saga Launch Event.
Web3 app developers often face challenges with the strict payment system policies enforced by Google and Apple app stores. This has led to compromises and delays in getting their apps approved. For example, Uniswap’s eagerly anticipated app was stuck in Apple app store limbo for a month before finally being released to the public recently.
The Solana Saga offers a unique solution for Web3 users by providing a separate app store alongside native Android apps. Read More
Moving beyond the blockchain trilemma: L1 vs. L2
To effectively address the scalability challenge, it is crucial that both L1 and L2 solutions work together.
As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin. While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009.
However, as the technology continues to evolve and gain mainstream adoption, scalability remains one of the biggest challenges facing the industry. Bitcoin and Ethereum, two of the largest blockchain networks, are highly decentralized, with thousands of nodes operating on each network (17,553 nodes for Bitcoin and 7,099 nodes for Ethereum as of April 14, 2023).
While this decentralization provides greater security, it also results in slower transaction speeds and scalability issues due to the significant computational resources required to maintain the continuously growing sum of nodes.
Hence, the blockchain trilemma, coined by Vitalik Buterin, suggests that blockchains can only have two out of three properties: scalability, security and decentralization. As a result, this fundamental trade-off represents a significant barrier to the widespread adoption of blockchain technology. Read More
BNB Chain issues list of 191 high-risk, untrustworthy DApps and fake tokens
BNB Chain’s proactive alert does not represent the risk level of the underlying DApp project. Instead, it is aimed at helping users in their research before making investment decisions.
BNB Chain, the blockchain developed by crypto exchange Binance, updated its red alarm list to include 191 high-risk projects and decentralized applications (DApps) currently hosted on the blockchain.
BNB Chain’s red alarm list — updated every Friday — includes projects and DApps deemed risky investments purely based on smart contract assessment. The 191 new projects on BNB Chain that have been added to the list are either suspected of issuing fake tokens, high or opaque tax fees or simply because their websites or Twitter handles don’t work. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
