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Silvergate’s payments platform crosses $100B in transfer volume

Silvergate’s payments platform crosses $100B in transfer volume

Crypto-friendly bank Silvergate said it was particularly “bullish” on its payments platform during its Q2 earnings call. Now it’s announced the Silvergate Exchange Network (SEN) has exceeded $100 billion in transfer volumes. The bank announced the milestone in a release today, addressing the rapid growth of the platform. The bank developed it in 2017 as …

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Decentralized trading platform Opyn launches put options on Curve token

Decentralized trading platform Opyn launches put options on Curve token

Decentralized options trading platform Opyn has launched put options on Curve Finance’s governance token CRV, allowing traders to short the token. Put options give traders the right, not the obligation, to sell an underlying instrument at a fixed price on or before the expiry date. Opyn’s CRV put options have a strike price of $3 …

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Alchemy Goes Public With Developer Platform in Bid to Grow DeFi Ecosystem

Alchemy Goes Public With Developer Platform in Bid to Grow DeFi Ecosystem

Blockchain infrastructure startup Alchemy, which helps decentralized finance (DeFi) projects run or access nodes, just launched its full suite of products to the public, after a two-year closed beta serving teams including MakerDAO and Kyber Network.  DeFi projects like MakerDAO, 0x and others all use Alchemy’s solutions to access Ethereum blockchain data, rather than run …

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Compound overtakes MakerDAO in value locked

DeFi platform Compound launches permissionless price oracle

Money market protocol Compound has released its own price oracle as part of its efforts to migrate to the Open Price Feed, its permissionless, upgradable price feed.  A price oracle is a third-party, decentralized feed that provides the data necessary to carry out smart contracts. Many Open Finance platforms use price oracles to offer their …

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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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Vanguard's Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020

Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020

Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions. The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Mellon and investment firm Franklin Templeton. Vanguard and Franklin Templeton acted as dealer banks and …

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Robinhood scores $280 million in Series F fundraise, and it’s promising to scale the platform

Robinhood scores $280 million in Series F fundraise, and it’s promising to scale the platform

Equities and crypto brokerage firm Robinhood announced Monday the completion of a $280 million Series F fundraise, following earlier reports on the firm’s latest raise via Bloomberg and the Financial Times.  The fresh capital brings the unicorn’s valuation to $8.3 billion, according to an announcement of the raise. Led by Sequoia Capital, the funding round closed at …

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Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018. …

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