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At The End Of The Day The Biggest Crypto Story Is DeFi
With Jack Dorsey recently announcing that Square will launch a new finance platform for creating decentralized finance with Bitcoin, the world of DeFi should finally start speeding up and begin to eat the banks and the traditional world of finance.
Decentralized Finance (DeFi) really made the financial world sit up and take notice as the Total Value Locked (TVL), mainly on the Ethereum platform, began to reach impressive proportions. DApps such as Maker, Compound, Aave, Synthetics, Uniswap, and others, offered a wide range of financial services such as lending, borrowing, futures, exchanges, and algorithmic trading. Read More
Arsenal FC Partners With Chilliz To Launch Fan Token
English Premier League football club Arsenal has revealed it has partnered with sports blockchain provider Chilliz to launch an official fan token on the Socios.com platform.
As blockchain partnerships increasingly become the norm, numerous teams across different sporting arenas have signed up to blockchain partnerships. The partnership between Arsenal FC and Chilliz will see the Socios.com website becoming the digital meet-up for Arsenal’s global fanbase. Read More
US megabank JPMorgan to hire more blockchain talent
Some of JPMorgan’s new blockchain-related job applications seek candidates with experience in Bitcoin, Ethereum, and proof-of-stake consensus mechanisms.
JPMorgan has opened multiple positions to pursue its global blockchain development efforts including job postings targeting blockchain-focused software developers, engineers, marketers, and auditors. According to the company’s open positions on LinkedIn, many of these new blockchain-related job postings were published in the last few days.
The new job postings seek blockchain talent across several of JPMorgan’s branches worldwide, including the United States, Singapore, India, Hong Kong, the United Kingdom, and other countries. The company posted more than 30 such openings over the past seven days in the U.S. alone. Read More
BlockFi Hit With Cease and Desist in New Jersey
In a blow to one of the biggest names in crypto, the New Jersey AG accused BlockFi of violating securities laws.
BlockFi must stop offering its services to new customers in New Jersey.
The scope of BlockFi's alleged securities law violations are unclear.
The Attorney General of New Jersey has ordered high-yield crypto lender BlockFi to stop accepting new customers, the company's CEO Zac Prince tweeted on Monday night.
The news is a significant blow to BlockFi, which is one of the more prominent companies in the crypto industry and known for offering yields of up to 8% to those willing to lend out their crypto. Read More
U.S. Government Puts Up $10 Million Bounty In Crypto
The U.S. Department of State has put out an offer for a bounty in crypto up to the tune of $10 million in exchange for actionable information on cyberattacks that are carried out by foreign governments. This will be the first time that the U.S. government has embraced the use of cryptocurrencies to pay for services rendered.
The offer was made through the U.S. Department of State’s Rewards for Justice program, administered by the Diplomatic Security Service. Since certain cyber operations targeting United States critical infrastructure might violate the Computer Fraud and Abuse Act (FCAA), the Department of State is trying to get in front of the attacks before they occur. Read More
Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after.
With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.
Markethive has infused the power of Inbound Marketing into the News Feed and infused the power of the social network into the Inbound Marketing platform, which means it’s an enhanced Social Network hybrid. It’s where the needs of the entrepreneur, marketer, business, and corporation are not only met but put at the forefront.
Markethive’s evolutionary and innovative ethos is showcased with the introduction of Markethive’s unique combined news feed interface. Plus, the social market network’s ability to build a massive database management system on the decentralized blockchain with its crypto, Hivecoin, as a native token which is a fungible multi-asset token along with the Markethive Wallet App. All are coming soon. Read More
Museum of Bitcoin Mining History Opens Its Doors in Venezuela
A new museum dedicated to the history of bitcoin mining opened its doors in Venezuela last weekend. The institution will allow visitors to learn about the history of cryptocurrency mining, going from its roots to the current state of the mining industry. The museum is part of a private initiative started by Criptoavila, a mining-dedicated company. Read More
Treasury Secretary Yellen To Meet With Top Regulators To Discuss Risks and Benefits of Stablecoins
US Treasury Secretary Janet Yellen will be meeting with the President’s Working Group on Financial Markets (PWG) to discuss regulations on stablecoins.
According to an announcement from the US Treasury Department, Yellen and the PWG will be joined by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to discuss “interagency work on stablecoins” on July 19th. Read More
Focusing on DeFi Scaling: CryptoCom Introduces Testnet of EVN Chain Called Cronos
CryptoCom’s testnet for its EVN chain called Cronos is already live, aiming to enhance scalability and security in the DeFi sector.
The popular digital asset exchange CryptoCom has introduced a new testnet of its EVN chain called Cronos. The project is the company’s DeFi-oriented child aiming to scale the ecosystem by enabling developers to port apps from Ethereum and EVM-compatible chains. Read More
PayPal scraps annual purchase limit of cryptocurrency
PayPal has announced its annual purchase limit of $50,000 (£36,500) for Bitcoin and other digital assets is being removed.
Similarly, the platform’s weekly purchase limit is being raised fivefold from $20,000 (£14,500) to $100,000 (£73,000).
Jose Fernandez da Ponte, PayPal’s vice president of blockchain, crypto, and digital currencies said: “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” Read More
IOST Launches NFT Marketplace With Innovative Margin Rewards
The EMOGI Team, IOST Foundation’s official partner has announced the launch of its new groundbreaking NFT Marketplace called Revival, according to a blog post on July 20, 2021.
The team says Revival NFT Marketplace is built to be a home for all artists and believes that no artist is too big or too small to showcase their amazing work to the world. Read More
Port of Buenos Aires to Modernize Maritime System Using Blockchain
The Port of Buenos Aires in Argentina is about to receive a technological facelift with the help of blockchain technology in a bid to increase the speed and efficiency of the port’s processes.
The General Port Administration, a body reliant on the Ministry of Transportation, has launched a tender to upgrade its maritime logistics platform, according to a press release on Friday. 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 other advice.
