“We are proud to back Orderly as they build out top-performing infrastructure and deep liquidity on Near,” said Kyle Davies, co-founder at Three Arrows Capital, in a statement. “Infrastructure being built for traders by traders results in better products that are designed to meet the specific needs and provide the best possible trading experience.” Source
Ethereum layer-2 scaling solution Polygon (MATIC) has announced the hiring of Bhumika Srivastava in a bid to consolidate its strategy and cultural ambitions for the company’s 500-employee global workforce. Serving as the head of human resources and director for employee experience at Airbnb for the past five years, Srivastava arrives with an illustrious portfolio and plethora of experience from her work in Web2, having occupied senior roles at Adobe, Yahoo, Tesco PLC, and Snapdeal. Srivastava’s appointment marks a consistent trend in Polygon’s hiring strategy of prominent figures within the Web2 space, such as…
Earlier this year, while at a local restaurant, I began talking to the owner about bitcoin and payments. He mentioned that 35%-40% of his transactions were once in cash; now they’re 5%. He said that he pays almost $100,000 a year for processing charges – all while his food prices are increasing double digits. His options: Raise prices and risk losing patrons, buy lower-quality food and risk reputational risk, or find some way to regain margin. Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Apr.14 — Cathie Wood, CEO and CIO of Ark Investment Management, joins BNN Bloomberg to discuss her bullish view on Tesla, Coinbase’s direct listing and why she’s excited about Canadian tech darling Shopify. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm’s operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the virtual assets service provider license, which allows the platform to legally facilitate the exchange of digital assets and the conversion of crypto to the Philippine peso. Apart from the VASP, Zhao also noted that the trading platform is working to acquire an e-money issuer license from Banko…
The decentralized exchange, Bebop, is scheduled to go live this summer. Source
Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens built on the Tezos blockchain, and with the ambition of expanding their digital footprint across the digital payments and decentralized finance (DeFi) sector. According to the press release, “USDT on Tezos will power revolutionary applications across payments, DeFi, and more.” In conversation with a Tether representative, greater context was provided as to the intended utility of Tether tokens: “Tether tokens are not an investment but a utility for engaging in internet commerce, combating volatility, and providing…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Watch this trailer for the Cryptocurrency online short course from the MIT Media Lab. This six-week program provides you with the critical reasoning skills and crypto literacy to demystify the real-world functionality of cryptocurrency and its economic implications. Guided by crypto experts and the MIT Media Lab’s Digital Currency Initiative, you’ll develop the ability to assess the viability of crypto projects, and understand the opportunities and challenges associated with these new technologies. Visit the course page for more information: ______ GetSmarter™, a…
In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto. As the local Ministry of Finance announced on Wednesday, June 8, various ministries of the Lithuanian government approved legal amendments to anti-money laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be approved by the Seimas, Lithuania’s legislature — would stiffen the guidelines for user identification…
The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world. Colombia Gets on the Crypto Regulation Road More and more countries in Latam are realizing the growth and influence crypto and crypto-related…