CryptoDaily

Axelar, a decentralized interoperability fabric that connects blockchain ecosystems, applications and users, has announced seed funding of $3.75 million with investments secured from, Binance X, the Binance Smart Chain Accelerator Fund, an arm of Binance – the popular cryptocurrency exchange company; and DCVC (Data Collective), the San Francisco-based venture capital firm, which last year set up a $725m deep tech fund. Other notable investors include Divergence Ventures, the crypto operator fund; Waikit Lau, Serial Entrepreneur & Investor and Naval Ravikant, Founder & CEO of AngelList. The funding will be used towards building the tech, tools, and API solutions of the network, along with recruiting the engineers that will help design the underlying technology and protocols. Sergey Gorbunov, Co-founder & CEO of Axelar, said, “We are delighted to receive backing from such a high calibre group of investors. This support will be crucial to help us accelerate our roadmap and t...

CertiK, a provider of end-to-end cybersecurity solutions , has now announced the launch of QuickScan, a new security toolset that leverages automated scanning technologies to check deployed smart contracts against a wide range of known vulnerabilities at scale. The lean yet powerful tool produces highly accurate smart contract security scores. Daryl Hok, Chief Operating Officer of CertiK, said, “Depending on the complexity, with QuickScan, it is estimated that it will take 40-60 minutes to complete a smart contract analysis. Risk levels are indicated through real-time security scores, with lower scores signaling a higher potential for hacks and malfunctions.” Similar to security service endpoints, CertiK utilizes a combination of five static and dynamic Security Primitives specializing in different security areas (Whitelist, Blacklist, Quality, Bytecode, and Source-Code) backed by the team’s proprietary technologies and tools, and aggregates each security scores to come up with the f...

Danal Fintech, a subsidiary of Danal, one of the largest payment companies in South Korea, today announced that they are joining the  ICON blockchain ecosystem , the largest decentralized network in Korea by market capitalization. Danal Fintech will integrate ICON’s cryptocurrency ICX into Paycoin, its global payments and remittance app. This will allow Paycoin’s 750,000+ users to pay in ICX at any of Danal’s 60,000 merchant partners, including 7-Eleven, KFC, and Domino’s Pizza. “With PayPal recently announcing its plans to support cryptocurrencies, we’re starting to see major acceleration in crypto adoption by payment apps and fintech companies in Asia,” said Min Kim, ICON project Founder. “Now with Paycoin, it’s easier than ever for people to buy and spend their ICX at thousands of Danal’s merchant partners.” “Paycoin is one of the first virtual asset apps being used commercially in Korea and ICON is one of the largest blockchain projects in Korea. Through this partne...

BtcTurk, Turkey’s largest cryptocurrency exchange, and Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, announced today the availability of Tether (USDt) tokens on BtcTurk | PRO. BtcTurk | PRO allows users to circulate USDt tokens rapidly across integrated exchanges to take advantage of pricing differences, thereby reducing counterparty risks and improving trading privacy. As a highly innovative sidechain, Liquid provides guarantees on the speed and confidentiality of USDt token transactions to other Liquid-integrated exchanges and wallets. “We anticipate a ready demand among the user base of BtcTurk | PRO for Tether,” said Paolo Ardoino, CTO at Tether. “The market has once again spoken. People like using crypto’s preeminent, most liquid, and trusted stablecoin.” “We are committed to expanding our offering for traders and are therefore excited to add Tether to BtcTurk Pro,” said Özgür Güneri, CEO at BtcTurk. “Through Liquid Network...

Binance, the popular crypto asset infrastructure and exchange company, today announced its expansion of enterprise services through Binance Cloud to include perpetual futures, DeFi enterprise solutions, and third-party payment solutions. With the iteration, Binance Cloud now offers services for building DeFi products on Binance Smart Chain and Ethereum for its partners globally, as well as a direct network with leading payment providers in the space, enabling partners to integrate third-party payment channels frictionlessly. Platforms built on Binance Cloud can continue to provide their users with a range of core products, including cryptocurrency trading (spot, derivatives), local currency on-and-off ramps, and desktop browser and mobile app support, leveraging Binance’s industry-leading technology, security and liquidity. Binance launched Binance Cloud––an all-in-one enterprise solution for launching digital asset exchanges––last February, as part of its Open Platform initiative, ...

NetCents, a cryptocurrency payments company , today announced that it is adding the ability for NetCents users to purchase cryptocurrency via credit card on the NC Exchange. There are a limited number of platforms that are approved by the card companies for purchasing crypto, with NetCents is now approved, is a testament to the safety that is inherent in the NetCents platform. Benefits include: A new way for users to be able to load funds into their NetCents wallet, making it easier for users to purchase cryptocurrency. Will provide NetCents users with fast and easy access to cryptocurrency, in the most secure way possible. Contactless payments are facilitated through this process. Users can now load their NetCents account and enjoy the potential upside of their crypto that they purchase while still having access to the value as a payment method. NetCents has added this feature to its platform partially due to requests from multiple merchants that have difficulty accepting cre...

3Commas.io, a cryptocurrency trading platform, today announced it has raised $3 million in a Series A financing round led by Alameda Research . 3Commas is a non-custodial, Order Management System (OMS) and crypto-asset management platform that offers a unified access point and interfaces with 23 leading crypto exchanges. 3Commas provides fully automated trade execution and portfolio management, supported by continuously evolving strategies, algorithms, and risk management solutions allowing everyone from the most advanced of traders to those just starting to learn, share, and profit. Since launching in 2017 , 3Commas has grown and developed its product extensively from listening to and implementing user feedback. The platform currently sees 100k active traders and $12B in annual aggregate trading volumes. In addition to its advanced “Smart Trade” options, which enable users to strategically enter and exit positions based on an expansive set of triggers & conditions, in the last ye...

Digital asset software company AlphaPoint today announced the launch of the AlphaPoint Yield Platform available for use by marketplace and wallet operators using the company’s technology. Exchange and brokerage operators will have the ability to manage borrowers, lenders, rates, and distributions all on one simple to use platform featuring automated and manual settings and detailed reporting. End-users who leverage the new offering will have the ability to earn a yield on their assets through lending and staking offerings after opting into the service. Over the previous two years, lending solutions to earn on assets have emerged as the next wave of innovation in the cryptocurrency industry. Total loan origination in cryptocurrencies from leading institutions has exceeded $10 billion and is one of the fastest-growing sectors in the space. A leading centralized cryptocurrency lender saw their outstanding loan book double in Q2 this year as compared to Q1, rising to a sizable $1.4 billi...

Stablehouse, a payment and exchange platform for stablecoins, today announced seed funding of $2.18 million, with investments secured from Dragonfly Capital, a VC focused on crypto assets, and Liberty City Ventures, a New York-based, technology-focused venture capital firm. Other notable investors include Lukka, New York-based financial services firm; Asher Corson, Cryptocurrency Analyst at Consolidated Trading; John O’Brien of the R.J. O’Brien family office; Phil Potter, the inventor of Tether, and XBTO International and XBTO Ventures, leaders in crypto finance. Kevin Hu, Partner at Dragonfly Capital, said, “Our investment in Stablehouse aligns with our mission to support entrepreneurs tackling the most important problems in crypto. Stablehouse helps stablecoin markets overcome their persistent issues of inconsistent liquidity and lack of stability. Stablecoins will be the backbone of the digital economy, and we believe Stablehouse is poised to become the capital markets, payment, a...

Radix, a layer-one protocol for decentralized finance (DeFi), announced today it has raised $12.7 million to support the growth, decentralization, and development of its platform for building and deploying DeFi applications. The Radix (eXRD) public token sale began on October 8, 2020, at 18:00 UTC and generated contributions from 652 participants in 67 countries before closing on October 22, 2020. The purchase of Radix tokens was subject to a $5,000 minimum purchase and the successful completion of strict KYC/AML, and excluded certain jurisdictions, such as the United States. “Distributing Radix tokens widely helps us achieve our goal to incentivize participants and ensure sufficient decentralization of the public network,” said Piers Ridyard, CEO of Radix. “We’re very pleased by the support of so many contributors who share Radix’s vision of realizing DeFi’s transformative potential.” DeFi is a world-changing innovation, but its future is in jeopardy. Ethereum is congested and has...

CyberVein, a next-generation big data and analytics company, today introduced its first-of-a-kind decentralized non-fungible token (NFT) issuance platform, CROSS. With DAVE (Data Analytics and Valuation Engine), an alliance that enables data-driven and technology companies to utilize their resources more efficiently, the CyberVein team unveiled CROSS during the Renaissance Conference – a celebration of CyberVein’s three-year-long journey of technological achievements. “During the last three years, CyberVein has continued to develop new technologies, built and tested new solutions, and created a whole ecosystem with our partners,” stated Jerry Ning, CyberVein’s China Operations Director, who’s covering the company’s activities. He continued: “We are also ever-grateful for our international communities’ support, who stood by us since 2017.” CyberVein’s Technologies The CROSS platform garners support from the DAVE ecosystem, with more partner companies and foundations set to join the ...

Kraken, the popular cryptocurrency and bitcoin exchange company, today announced the launch of account funding and trading in Japan. The live opening in Japan is an important milestone in the exchange’s growth and expansion into the APAC region . The following services are now available to Japan residents: Spot trading in 5 major cryptocurrencies – Bitcoin (XBT), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). Both crypto-crypto and JPY-crypto trading pairs will be available. Domestic JPY deposits and withdrawals (through SBI Sumishin Net Bank). Deposits in Bitcoin (XBT), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). As previously announced last month, the move is part of Kraken’s plan to reopen and expand its services in Japan. Kraken enabled clients in Japan to create and verify their accounts starting September 18th, and clients who have completed the onboarding process can now fund their accounts and start trading. Prior to reop...

XDC, the first Corda Network digital currency has been launched today by Cordite Society Ltd, a co-operative society registered in the UK, who have leveraged the existing UK legal structure for mutual societies to operate a digital currency, providing the first onshore legal structure for decentralized finance. XDC, is an exchange token, released onto the Public Corda network, a publicly-available internet of Corda nodes operated by network participants. The token enables users to buy and sell goods within the public Corda network, such as settle securities, invoices, trade finance, and more. Each node represents a legal entity, identified by a trusted identity certificate. This ensures that XDC meets the G20 sanctioned FATF standards on digital assets to mitigate AML/CTF risks, a challenge that Ethereum-based DeFi projects continue to be unable to address. “The roll-out of XDC demonstrates that the public Corda blockchain network is suitable for enterprise and financial institutions...

Hedera Hashgraph, an enterprise-grade distributed ledger platform , has partnered with digital asset custody provider, Onchain Custodian, to enhance the security of the project’s native digital currency, HBAR. Headquartered in Singapore, Onchain is the first and only custodian in Asia currently providing third-party custody services for HBAR . “Investors are recognising the need for prudent governance of token projects,” said Pablo Peillard, co-founder of Hashing Systems. “As the largest community of Hashgraph developers, we are demonstrating our commitment to our clients and the enterprise ethos by securing our HBAR reserves with Onchain Custodian.” Holders of HBAR will have the option to secure their HBAR tokens with Onchain’s SAFE digital asset custody platform, which is insured through Lockton and fully compliant with Singapore’s regulatory regime with regards to digital payment tokens and e-money. “With many of our holders of HBAR based in Asia, it’s important that they have s...

Zilliqa, the high-performance, high-security blockchain platform , has now announced the launch of non-custodial staking services on its mainnet. Enabled through Zillion, a non-custodial staking platform, users will benefit from a staking service distinguished for its simplicity and security. As part of the launch, Zilliqa has also introduced a new fungible token to the network—governance ZILs (gZIL), which will be earned alongside staking rewards, functioning as an incentive for long-term token holders. With gZIL, long-term token holders stand to become part of the Zilliqa ecosystem’s governance mechanism. As a limited time token, gZIL will only be issued for approximately one year with its value derived from its scarcity and a cap of 682,550 has been placed on gZIL minting and distribution. Amrit Kumar, President and Chief Scientific Officer of Zilliqa, said: “After months of rigorous testing with the help of our enthusiastic community, staking is now finally live on Zilliqa, marki...

The NEAR project has reached its most significant milestone since inception by completing the transition to a fully permissionless, decentralized and community-governed network. The platform is now unrestricted and open for developers to deploy apps and users to create accounts and transfer tokens in a fully permissionless manner. “When the Genesis Block occurred in April, NEAR set a goal that developers can actually deploy production apps while the network gets more decentralized and is ultimately handed off completely to the community over the next several months. Now, only 6 months later, we are keeping our promise and moving forward, making NEAR Mainnet: Community Governed & Decentralized a reality.” said Illia Polosukhin, Co-founder and CEO of Near Inc. During the voting phase, initial network validators independently voted to remove transfer restrictions on the tokens. The voting phase was completed successfully on October 13. The vote was orchestrated by and participated i...

Today, Asic Jungle unveils the development of a first-of-its-kind open marketplace for cryptocurrency mining hardware with the launch of its platform’s demo and beta versions. With North America experiencing continued growth in crypto mining operations and no standardized solution available for miners to liquidate their hardware, Asic Jungle identified the need to professionalize the previously opaque market for buying and selling second-hand Application-Specific Integrated Circuit computers (ASIC miners), the most widespread and efficient mining equipment on the market. Asic Jungle has built a two-sided marketplace that allows ASIC sellers and buyers to connect directly in a secure and transparent setting. Starting today, miners in the United States and Canada can sign up for access to Asic Jungle’s beta. Through its online platform, Asic Jungle provides a secure and standardized solution for cryptocurrency miners that currently only exists behind closed doors, where unknown ASIC bro...

Filecoin, a decentralized storage network , has now entered its penultimate phase of development. The Mainnet Ignition phase affords network participants — including miners, clients, custodians, applications, and network services – time to initialize, learn, set up their systems, and optimize their deployments, before Mainnet Liftoff. Mainnet Ignition follows the success of Filecoin’s Space Race program, the multi-track incentivized testnet competition intended to stress-test the network, rewards the storage of real, valuable, and usable data, and help miners and developers get ready to run the world’s biggest decentralized storage network. Exceeding targets, Space Race was extended following developer demand and, currently underway in its second iteration, has seen over 400 miners onboarding more than 350PiB of data storage power – the equivalent of 90 million 1080p movies, or 1,400 full copies of Wikipedia. The ecosystem continues to grow and currently stands at over 280 projects co...

Bitpanda , a European-based crypto exchange company , today announced it has closed Europe’s largest Series A funding round of 2020 by securing $52 million in a round led by Valar Ventures. The large-scale investment will be used to drive Bitpanda’s expansion and position the Vienna-based company as a leader in transforming Europe’s financial industry. Currently doubling revenue annually with over 1.3 million users, Bitpanda has established itself as Europe’s leading platform for trading digital assets and precious metals. Through its desktop site and mobile apps, users have access to 44 investment assets backed by state-of-the-art technology quickly, easily and securely. In 2020, the company launched payments and savings platforms and will use the new funding to build more innovative ways of trading and investing, thus ensuring digital investing and trading of all asset classes is made available to everyone in Europe. Eric Demuth, Co-Founder, and CEO of Bitpanda, stated:  “This ...

The Gibraltar Financial Services Commission (GFSC) has today announced a number of important updates to the jurisdiction’s bespoke Distributed Ledger Technology Providers (DLT) regulatory framework Guidance Notes. Changes to the Guidance Notes have been made to capture a natural evolution of the defined regulatory principles. As was always envisioned, in a fast-moving industry the idea behind the Guidance notes accompanying the legislation was to be able to facilitate and capture this and maintain a framework that was directly relevant and up to date. As well as offering further clarity on key areas, the amended guidance notes also update the risk framework to distinguish between virtual assets and virtual asset denominated instruments that are arguably higher risk, and require additional factors or onboarding tests to be considered. Continuation of work on the detailed process of fully adapting the framework to include the latest Financial Action Task Force (FATF) recommendations re...