Blockchain Data Provider Chainlink Launches Programs to Reduce Costs Ahead of Staking of Its Token

Chainlink, a provider of price feeds and other data to blockchains, is reducing the networkโ€™s barriers to entry for early stage projects and reducing costs for existing participants, ahead of the introduction of staking of its native token at the end of this year, the company said at this weekโ€™s SmartCon developer event held in New York Source link

California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes โ€“ Regulation Bitcoin News

The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customerโ€™s behalf. One of the accused companies pitched an alleged metaverse software development scheme, and another firm claimed to be a โ€œdecentralized finance (defi) platform.โ€ 11 Crypto Firms Targeted by Californiaโ€™s Department of Financial Protection and Innovation Californiaโ€™s financial regulator the DFPI has been targeting crypto asset companies and on…

Easyfi launches new product โ€œElectricโ€ to bring Permissionless Margin Trading capabilities to DeFi using its lending protocol

Testnet Launch on Polygon Now Live Decentralized exchanges (DEXs) have been able to clinch a large market share from centralized exchanges (CEXs), especially with the creation of more than 20,000 tokens, all with varying degrees of liquidity. However, one area where DEXs is still lacking is in the margin trading domain. Where centralized exchanges command more than $200 billion in margin trading volume daily, DEXs fall short with only a tiny fraction of this volume. EasyFi, a universal Layer 2 multi-chain lending protocol, is taking steps to add value to…

Walmart Dives Into Metaverse With Launches in Roblox

โ€œRoblox is one of the fastest growing and largest platforms in the metaverse, and we know our customers are spending loads of time there,โ€ William White, Walmart U.S.โ€™ chief marketing officer, said in the statement. โ€œSo, weโ€™re focusing on creating new and innovative experiences that excite them, something weโ€™re already doing in the communities where they live, and now, the virtual worlds where they play,โ€ he added. Source

WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle โ€“ Blockchain Bitcoin News

The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts. WEF to Use Web3 to Fight Climate Change Web3, a term that groups cryptocurrency and blockchain-based technologies, is currently in the spotlight of energy groups…

Southeast Asia’s Largest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand โ€“ Exchanges Bitcoin News

The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bankโ€™s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the largest bank in Southeast Asia, announced Friday that it โ€œhas rolled out self-directed crypto trading via DBS digibank.โ€ The announcement details: Eligible clients can now trade cryptocurrencies on DBS Digital Exchange (Ddex) through DBS digibank at their convenience. The DBS digital asset exchange currently supports the trading of four…

Flynt Launches Industryโ€™s Highest Yield Product on Bitcoin โ€“ Press release Bitcoin News

press release PRESS RELEASE. Flynt Finance, the cryptocurrency financial services company based in Singapore co-founded by previous derivatives exchange operators and analysts, launched a platform for crypto structured products last week. The relatively high returns (up to 50% APY) on Flynt has gained strong interest from crypto yield enthusiasts, especially during the bear market where volatility is harder to come by. Cryptocurrency markets are often thought of as the go-to place for high-risk high-return due to the volatile price movements. Managing risk for such assets can be complex, especially for…

Cryptocurrency Exchange Bitso Launches Interoperable QR Payments in Argentina โ€“ Exchanges Bitcoin News

Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has launched an initiative that aims to allow Argentines to use crypto for their everyday purchases. The exchange is introducing QR payments directly in its app, which will be interoperable with other platforms already using this method of payment in Argentina. Bitso Seeking to Drive Crypto Payments in Argentina Bitso, one of the biggest exchanges in Latam, with more than 5 million customers, is extending its focus on payments in Argentina. The exchange has launched one of the first interoperable QR payment…

Italy’s AC Milan Launches NFT Game With MonkeyLeague

AC Milan is the first football club to partner with MonkeyLeague. โ€œWe are thrilled to kick off this partnership with MonkeyLeague, a collaboration that allows us to strengthen our positioning in the field of digital innovation,โ€ Casper Stylsvig, chief revenue officer of AC Milan, said in a press release. Source