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Brian Smith, a Mango DAO contributor who helped spearhead the treasury proposals, told CryptoX the mSOL proposal was successful because it “hedges out some of the future price risk” that Mango Markets incurs by operating its trading rails with SOL. Plus, mSOL, the Marinade Finance-issued liquid staking token, offers the
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Mayor Steve Adler of Austin, Texas, has fully embraced the discovery of what blockchain technology and crypto payments can bring to his city by proposing two new initiatives.The first initiative aims to ensure that Texas’s fourth-largest city promotes the benefits of blockchain technologies and “promotes equity, diversity, accessibility, and inclusion”
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In 2020, Wealthsimple dipped its toes into crypto by offering Bitcoin and Ethereum trading. Now, the online investment platform is fully embracing crypto by including capabilities like hosted wallets and several other coin options to trade. Of course, Wealthsimple isn’t the first financial services company to embrace crypto, signaling that
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Welcome to the latest edition of Cryptox’s decentralized finance (DeFi) newsletter.The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddit’s co-founder is making notable investments.What you’re about to read is the smaller version of this newsletter. For the full
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Medical services company MDS Mexico has launched a rapid covid-19 testing service that uses blockchain technology to verify results.According to a Oct. 17 report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are
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The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts. It follows hot on the heels of the establishment of a new network promoting blockchain to public servants. On Nov. 23 the Australia Border Force
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The Philippine central bank sees digital tokens as a means to reduce the use of fiat money and improve the delivery of financial services in the country, even as the country is still studying its own digital currency.Speaking to Bloomberg, Philippine central bank Bangko Sentral ng Pilipinas, or BSP, governor
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Investor, early crypto adopter, and CEO of Gemini exchange, Tyler Winklevoss, predicted that competition between stablecoins will really begin once Wall Street moves into decentralized finance, or DeFi, during a recent interview with The Defiant’s Camila Russo.However, despite his optimistic outlook for DeFi, the Gemini co-founder asserted that the crypto
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Sweden’s central bank will soon trial a blockchain-based digital currency – but it’s still in its very early stages, at best.Announced Thursday, Sveriges Riksbank’s e-krona pilot is the latest attempt at a central bank digital currency (CBDC) from an institution that for years fretted over basing any such project on
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Lition, a commercial blockchain, announced on Feb. 18 that Microsoft has officially brought Lition blockchain solution to its Azure cloud marketplace. This makes Lition one of the few public/private blockchains currently supported by a major cloud provider like Microsoft. Microsoft also became the first to bring blockchain to the cloud
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