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[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

Imagine a network where partners – stemming from legacy finance, CeFi, and DeFi industries – are all created equal. This network has no central nodes and all data is sent from one node to another via the shortest, most efficient route available. In this network, all participants agree to a set of core conceits – …

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Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round from NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano Conti, former head of oracles at MakerDAO. “Mariano really understands what we’re doing,” said Razor Network founder and CEO Hrishikesh Huilgolkar in an interview. “He probably created the …

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Tether has blacklisted 100 addresses on Ethereum, network data shows

Tether has blacklisted 100 addresses on Ethereum, network data shows

The number of blacklisted Tether addresses on the Ethereum network has reached 100, according to new findings from The Block Research.   Eighty-four of the blacklist actions by Tether took place in 2020, with most of them happening after July.  The term “blacklisting” means that the addresses in question cannot send, receive, or redeem USDT, …

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Matic Network Aims for 80% Token Lockup in New Staking Program

Matic Network Aims for 80% Token Lockup in New Staking Program

Matic Network announced Sunday that the first iteration of its staking solution was now live. Launched in stages, direct staking will initially be restricted to the Matic Foundation, the non-profit behind the Ethereum-based scaling solution, which will stake tokens on users’ behalf, the company said in a press release. The Matic Network is a dapp-ready …

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Vietnam's HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

Vietnam’s HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates

HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm. The Vietnam-based bank is the latest financial institution to join Contour’s network with a view to streamlining the issuance of letters of credit with the use of a blockchain and smart contracts, local media …

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BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds

BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds

Every day, around mid-morning New York time, the average fee bitcoin users worldwide pay to send the cryptocurrency spikes for up to an hour, then returns to normal. A respected researcher thinks he’s found the reason: BitMEX. If the crypto derivatives exchange used more efficient technologies when broadcasting transactions, users could save as much as …

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Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Decentralized finance (DeFi) protocol Keep Network has tapped Bison Trails to provide non-custodial staking services for tBTC, an ERC-20 representation of bitcoin (BTC) deposits.  Keep, a project from blockchain venture studio Thesis, operates tBTC in a trustless manner by breaking bitcoin deposits across smart contracts held by various Keep users. “Infrastructure is important because if …

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ETH 2.0 client team Prysmatic Labs is releasing a new test network this weekend

ETH 2.0 client team Prysmatic Labs is releasing a new test network this weekend

Prysmatic Labs, the Ethereum 2.0 client implementation team, is set to launch a new version of its testnet this weekend. The team has previously put out three projects – Ruby, Sapphire, and Diamond – to advance its progress on ETH 2.0 testing.  The latest release, dabbed Topaz, builds on the previous iterations and, for the …

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