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Curve fork Swerve crosses $380M in total value locked within 12 hours of launch

Curve fork Swerve crosses $380M in total value locked within 12 hours of launch

Swerve, a new and unaudited decentralized finance protocol, has accumulated $380M in asset deposits within 12 hours of its launch. Swerve is a fork of Curve, the popular stablecoin-to-stablecoin decentralized exchange. The protocol aims to be “100% community owned and governed,” meaning that from day one, the protocol will allow users to begin generating SWRV …

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Decentralized exchange IDEX raises $2.5 million in seed funding ahead of IDEX 2.0 launch

Decentralized exchange IDEX raises $2.5 million in seed funding ahead of IDEX 2.0 launch

Decentralized or non-custodial crypto exchange IDEX has raised $2.5 million in seed funding ahead of IDEX 2.0 launch. The round was led by G1 Ventures and Borderless Capital, with participation from Collider Ventures and Ethereum prediction market project Gnosis. Alex Wearn, co-founder and CEO of IDEX, told The Block that the fresh capital would be …

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5 Years After Launch, Predictions Market Platform Augur Releases Version 2

5 Years After Launch, Predictions Market Platform Augur Releases Version 2

Augur released the second version of its betting platform Tuesday. The project was one of Ethereum’s first in 2015 with angel investments from Vitalik Buterin. Its v2 adds a suite of new crypto tools including IPFS, MakerDAO’s Dai, 0x Mesh and Uniswap’s pricing oracles. The ultimate decentralized finance (DeFi) money Lego has arrived: Augur Version …

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Binance confirms partnership with Swipe for debit card launch

Binance confirms partnership with Swipe for debit card launch

Crypto exchange behemoth Binance has confirmed a partnership with Swipe for its debit card launch in a now-deleted webpage. The cached version of the “Binance Card” FAQ section on the exchange’s website reads: “Binance has partnered with Swipe to provide a Card platform for Binance users.” This confirms The Block’s reporting from earlier this week, …

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Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum …

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Blockchain to launch interest-bearing accounts with initial support for bitcoin

Blockchain to launch interest-bearing accounts with initial support for bitcoin

Crypto wallet and services provider Blockchain.com is set to roll out interest-bearing accounts, letting users earn yields on their bitcoin deposits. Founded in 2011, Blockchain.com is best known for its bitcoin blockchain explorer and cryptocurrency wallet services. According to information shared with The Block, 28% of all bitcoin transactions in 2020 took place in Blockchain.com wallets.  …

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Reddit to launch Ethereum-based tokens for cryptocurrency and Fortnite subreddits

Reddit to launch Ethereum-based tokens for cryptocurrency and Fortnite subreddits

Reddit, the popular online forum, is beta testing two Ethereum-based tokens for users to earn rewards for contributing content, The Block has learned. The two tokens, one named $MOONS and other $BRICKS, will be issued to members of the subreddits /r/Cryptocurrency and /r/FortniteBR, respectively, as part of Reddit’s new initiative called “Community Points.”  “We continuously …

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Sidestepping Telegram, Devs and Validators Launch Fork of TON Blockchain

Sidestepping Telegram, Devs and Validators Launch Fork of TON Blockchain

Telegram’s blockchain network finally launched today – or, at least, a version of it.  TON Labs, a startup that helped Telegram run the test network for the Telegram Open Network (TON), launched its own version of the blockchain Thursday, with the support of professional validators. Called Free TON, the fork comes after the group decided …

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