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TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

Stablecoin issuer TrustToken is bringing its proof of reserves system for TrueUSD (TUSD) collateralization levels on-chain. Adding Chainlink to an existing partnership with accounting firm Armanino makes it possible. The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins – even without a clear understanding …

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Crypto Lender Celsius Taps Horizen for 'Proof-of-Reserves' Proof of Concept

Crypto Lender Celsius Taps Horizen for ‘Proof-of-Reserves’ Proof of Concept

Crypto lender Celsius is producing a series of experiments over the next few months that would test what it would look like for the company to decentralize some of its operations.  The centralized finance (CeFi) stalwart is working with Horizen, a platform that develops and maintains the privacy token ZEN, to take a look at …

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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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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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Crypto exchange Kraken taps Marco Santori as chief legal officer

Crypto exchange Kraken taps Marco Santori as chief legal officer

Kraken, the cryptocurrency exchange company, has hired veteran industry lawyer Marco Santori as its chief legal officer. The exchange firm said Monday that Santori “will use his experience with regulators, banks, payment service providers, broker-dealers, and several other key industry players to drive the next phase of Kraken’s growth.”  Santori previously served as Blockchain.com’s president and …

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